MBNA 0% For 15 Months

[cferneyh]

Ah ok, thanks.

I guess this won't apply to me then, since I don't want to transfer my balance from my PC card to MBNA. I just wanted a cash advance from MBNA...

You don't have to transfer any balances to MBNA. It's your call. If you simply want to take the cash advance, that is your prerogative.

[nanirina]

If you get $10,000 and do the balance transfer there is a 1% fee so you would be required to pay $100 on your first statement for the fee.

If your credit limit is $10,000 then you will do a balance transfer for about $9900 since you need room for the $99 fee.

Also the 1% is tax deductible if you are using ALL the money for investing.

how can u prove to CRA that u've used ALL that money for investing?

[cferneyh]

how can u prove to CRA that u've used ALL that money for investing?

Keep a copy of a statement showing that you transferred all of the money into an investment account.

[JugaJatt]

any links to apply for this card. Thanks

[don242]

how can u prove to CRA that u've used ALL that money for investing?

Just keep all records so you can prove the money trail if you need to.

[coleworld]

I received my card and it is a FRENCH card... the access code BODX must be for the french one...
but they are sending me a new one and with a 15k credit limit instead of 10k.

I guess I'll be writing off $148.51 instead of $99...

[cferneyh]

I received my card and it is a FRENCH card... the access code BODX must be for the french one...
but they are sending me a new one and with a 15k credit limit instead of 10k.

I guess I'll be writing off $148.51 instead of $99...

I used the BODX code and my card was English.

[a in yul]

Ah ok, thanks.

I guess this won't apply to me then, since I don't want to transfer my balance from my PC card to MBNA. I just wanted a cash advance from MBNA...

u could do that, all u need to do once u r approved for the 0% card is give them your bank account for a transfer of funds OR write yourself a cheque once they mail you the "special" no interest cheques..

good luck..!!

[adre77]

I used the BODX code and my card was English.

Did you phone MBNA? or applied online? If you phoned them, didn't they check in your file if there was a record of a letter sent to you to apply for this 0% offer? what did you tell them?

[cferneyh]

Did you phone MBNA? or applied online? If you phoned them, didn't they check in your file if there was a record of a letter sent to you to apply for this 0% offer? what did you tell them?

I phoned the number and gave the priority code provided here at RedFlagDeals and that was it. I also gave the info to a friend of mine and he applied last night and was also given the 0%.

[maebach]

What's wrong with these people at mbna? The first person i talked to would say simply no to any questions not a bit of politeness.

The second one would not give me any details until he had all my info.

Anyone else have the sam experience?

[adre77]

Yes, they are not very polite. First, I thought this was some kind of scam, but after calling the 1-800 number in the MBNA website, and talked to 4 very unfriendly people, finally one person contacted the mbna fraud department and confirmed that the 1-866-544-4104 number is legit and they do have the 0% promotion... That # is from a call centre operated by a third party company on behalf of mbna called Gemma Communications. MBNA knows about this company and there is no scam, phishing or fraud going on there.

[ah_long]

if someone could shed some light on this for me..

say i have a dividend card which gives me cash back...or a card that gives me points for purchase

1. i write the cash advance cheque from the MBNA to the dividend/points card
2. i write another cash advance cheque from the dividend/points card to the investment account..

how many times would i get knocked in terms of service charges? is it worth it?
say i get 1% cash back, so basically i save the 1% service charge that the MBNA charges

[cferneyh]

if someone could shed some light on this for me..

say i have a dividend card which gives me cash back...or a card that gives me points for purchase

1. i write the cash advance cheque from the MBNA to the dividend/points card
2. i write another cash advance cheque from the dividend/points card to the investment account..

how many times would i get knocked in terms of service charges? is it worth it?
say i get 1% cash back, so basically i save the 1% service charge that the MBNA charges

I could be wrong, but I'm fairly certain the dividend rewards are not granted for cash advances.

[ah_long]

I could be wrong, but I'm fairly certain the dividend rewards are not granted for cash advances.

how about points? i could definitely use a gift card or two