MBNA 1.99% AIR Until Balance is paid off

[cmoibenlepro]

What is the promotional code for the balance transfers at 1.99% for life?

[jj14]

1.99 is VERY enticing. For people interested in getting this rate, there is ONE BIG CATCH: payments have to be made on time!!!

Easy solution: make a little more than your minimum payments, and make it AUTOMATIC! For example, if I usually get my statements in the mail on the 27th of each month, and my payments are due on the 15th of each month, I would go to online banking (TD, RBC, CIBC, etc) and choose a monthly payment of around $50 to be debited from my account on the 30th of each month to pay the credit card bill.
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For even more security (after all, you are dealing with multiple computer systems that could screw up), you may want to set it up to auto debit twice a month Sure, I have to pay more than double the minimum each month, but the piece of mind of a double failsafe is worth it.

Added bonuses:
-it won't take me 20+ years to pay it back, and if/when they do change the terms, it won't hurt as much.
- While i think the 1.99 AIR is fairly safe from change, I'm not as certain they won't be changing the minimum you have to pay each month to clear us off their books. Depending on your balance, a sudden change to, for example, a 2.25% monthly repayment requirement, could sting.

[alanbrenton]

For even more security (after all, you are dealing with multiple computer systems that could screw up), you may want to set it up to auto debit twice a month Sure, I have to pay more than double the minimum each month, but the piece of mind of a double failsafe is worth it.

Added bonuses:
-it won't take me 20+ years to pay it back, and if/when they do change the terms, it won't hurt as much.
- While i think the 1.99 AIR is fairly safe from change, I'm not as certain they won't be changing the minimum you have to pay each month to clear us off their books. Depending on your balance, a sudden change to, for example, a 2.25% monthly repayment requirement, could sting.

Auto-payment is a great idea though I still check all my credit card accounts on a weekly basis since we have to use some of them for petty purchases just to keep them current and not run the risk of the banks closing them, which eventually will lower our credit scores.

[samsonmqc]

Who got a Line of credit with your house as collateral? MBNA has forced me to do so.
I started borrowing from them when they promised me 5.99% interest rate for the life of the loan about 4 years ago. A little bit over 1 year later, they changed my interest rate to 11.99%. I called them and they told me they had the right to do so. I had no choice but to accept that for almost 3 years now. (All of my money but the house was lost in the stock market).
I just received a letter from them to increase my interest rate to 20%. There is not a big problem with my credit rating but some debts. I am never late on payments and I am still paying 3.9%, 5.9% (I got it at the same time with the MBNA loan 4 years ago and I am still paying that rate), 9.3%, and the maximum 12% from the other credit card companies.
I will try my best not to let them to take advantage of my situation, they will not even get 12% from me. I hope that I don't have the house under my name so that I can rob them back. (The house is a gift from my mother).

[everylittlecent]

Who got a Line of credit with your house as collateral? MBNA has forced me to do so.
.

when we bought our house few years ago it was on a Line of credit type of deal. you have to put in 25% downpayment and then the balance could be on a Secure line of credit. that way when you pay it down, that amount becomes borrowable at a later date if you want to at prime. if We ever need to have a clean title then we have to unregister with the city but at the time we did this I didnt think banks could go bankrupt!!!

[john29]

What is the promotional code for the balance transfers at 1.99% for life?

I'd like to know this as well. I tried calling in June using the old code, but I was told they weren't offering it anymore.

[thedonald]

I'd like to know this as well. I tried calling in June using the old code, but I was told they weren't offering it anymore.

Does anyone have an updated code? Or can we use the old code to get the 1.99 for life?

--TheDonald

[MarliO]

This deal is dead. There is NO current code. Please stop posting on this thread so that it will fall off the leaderboard. *cues death march*