Credit Cards

MBNA Cards with BT Promo's

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  • Oct 16th, 2019 4:54 pm
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MBNA Cards with BT Promo's

Since the Platinum Plus card is grandfathered, here's a fresh start where we can discuss the various plastics in the MBNA deck that offer into balance transfer promotions.

Why consider going for a different card? MBNA will probably not let the same cardholder acquire more than one of the same card. Here we can shuffle the deck and keep our high balances with MBNA.

0%/10 months

0%/6 months

1.99%/10 months
This list probably won't be kept up to date as quickly. Any of the school cards found on this page used to offer intro BT promo's, now instead they're all 2% G/G/Resto cards.
When you want a new BT offer, make sure you apply for a different card than the one you have. Then, pay off your current balance, move CL to the new card, and borrow again.

FAQ
Note: mostly imported from the old Plat Plus thread
  1. How to get these offers: these are intro offers. Existing cardholders may get offers (targetted, card-specific, random, etc.) but most of us churn for intro BT offers since they tend to be better than offers extended to existing cardholders
  2. How to apply: via MBNA website (use links posted above), affiliate links (GCR, RSM, GR, etc.) or via phone by calling 1-877-428-6060. For phone app, be sure to quote source code
  3. Apply online vs. phone: online required to get affiliate incentive (if any). Do check affiliate offers, though they tend to be less competitive than the offers in this thread. If applying via phone, be sure to reference source code as that may affect the intro BT offer
  4. Approved but with low limit: ask credit analyst whether they can have it increased
  5. How long until card lands in mailbox: 7-10 business days upon approval
  6. Request BT prior to receiving card: there is no advantage in doing so. Upon getting the card, sign up online, book the BT, and hang tight. Optionally call in to have statement date changed. This can extend your BT promo by a couple weeks if done right
  7. Any way to negate the BT fee: No. BT offers are sadly getting less competitive in Canada since the grandfathering of the Plat Plus 0%/12 months card. Heck, even BNS has devalued BT offer on Value VISA from 0.99%/6 months to 1.99%/6 months. MBNA is strict about not waiving the BT fee, so it'd be one heck of an escalation to result in getting that amount credited
  8. How much can one BT: to not incur overage fee, BT up to CL including the BT fee. If arranging the BT via phone, they'll insist on leaving min $500 of unused CL after BT+fee
  9. How long for recipient deposit or credit account to receive the BT deposit: 2-5 business days
  10. BT Promo Start: must initiate within 90 days of card approval. Starts upon request and ends on Nth statement in
  11. Using BT card for spend: don't do it. Payments to the card will proportionally work down BT & spend balances, meaning unless you'd off in full, spend balance will incur regular interest. Once BT is arranged and card is added in bill pay, best to drawer the card. Yes, the bill payments can be done via PayTM
  12. What can be done with BT money: rather off-topic, but good options are TFSA's at Manitoban credit unions (unless TFSA is maxed out), HISA musical chairs (non-reg) and write off the BT fee against your taxes, other possible investments within your level of comfort, etc.
  13. Minimum payment: $10, plus fees and interest. First payment will be $10+BT fee. Note that this will be higher for QC residents
  14. Missing min payments: don't miss min payment. Missing min payment results in promo rate dropping early. For first offense, make an immediate payment, then call in and hopefully CSR will empathize and put the promo back on
  15. Possible extension: probably not. Not paying off the balance on time at promo's end is a good source of revenue for the issuer. Time to look for BT offers elsewhere, or pay off with uLOC if you have to, then apply for another BT card, move CL over, and get back in the game
  16. BT fee increase: BT fee can be anywhere between 1-3% (aside QC now 0% BT fee, but 1-3% interest) via intro offers or offers to existing cardholders. Be sure to read the T&C under app link when you apply


OLD 0%/10 months LIST
Many broken links here.
Last edited by titaniumtux on Aug 7th, 2019 9:24 pm, edited 5 times in total.
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Thread Summary
For next to no risk leveraging opportunities:
* TFSA thread
* HISA thread (non-TFSA)


***2018 DECEMBER PROMO***
TrueLine (no-AF) 0%/10 months via GreedyRates, source code DABO49, direct link here
1199 replies
Jr. Member
Jan 24, 2015
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York, ON
I missed out on the earlier offer and instead of kicking myself for it for too long, I decided to apply for the Athabasca University MC, and got instant approval, CL of $4500. I have an older Smart Cash Visa (no fee) with a much larger limit of $11900. When is the best time to call them and move the Credit Limit to the new card? Thanks
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Here on earth
I’m confused.
Why is there an annual fee SC, and a no fee SC, with (what appears) the exact same reward rate etc...?
Deal Addict
Nov 8, 2017
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I get constant offers from rbc visa for BT. 1.99 % every couple months.
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Steejn wrote:
Jul 28th, 2018 12:58 pm
I missed out on the earlier offer and instead of kicking myself for it for too long, I decided to apply for the Athabasca University MC, and got instant approval, CL of $4500. I have an older Smart Cash Visa (no fee) with a much larger limit of $11900. When is the best time to call them and move the Credit Limit to the new card? Thanks
Move CL the moment you call in to activate the card.
coolintheshade wrote:
Jul 28th, 2018 1:22 pm
I’m confused.
Why is there an annual fee SC, and a no fee SC, with (what appears) the exact same reward rate etc...?
+1
This is a very mysterious thing. Some source codes offer the same cards with better promo's than what's posted on their website. Sometimes these offers are only made available via affiliate links, but if we know the links (or at least source codes) and the page loads up, we should be able to apply with the offer. Works in an overly similar fashion to TD CT.
User455957 wrote:
Jul 28th, 2018 2:36 pm
I get constant offers from rbc visa for BT. 1.99 % every couple months.
Ok. What's the BT one time fee though? How long is the promotional 1.99% applicable for? Generally RBC's BT offers are for 10 months, right?
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coolintheshade wrote:
Jul 28th, 2018 1:22 pm
I’m confused.
Why is there an annual fee SC, and a no fee SC, with (what appears) the exact same reward rate etc...?
MBNA added the $39 fee for new applications.
Member
Nov 22, 2012
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AMHERST NS
Steejn wrote:
Jul 28th, 2018 12:58 pm
I missed out on the earlier offer and instead of kicking myself for it for too long, I decided to apply for the Athabasca University MC, and got instant approval, CL of $4500. I have an older Smart Cash Visa (no fee) with a much larger limit of $11900. When is the best time to call them and move the Credit Limit to the new card? Thanks
Best time to call is early in the morning, at least 2 days before you want to initiate the balance transfer.
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jevonb wrote:
Jul 28th, 2018 3:13 pm
MBNA added the $39 fee for new applications.
That’s why I’m confused.
This no fee link shouldn’t exist, and I doubt they’ll honour it if someone were to use it to apply for one.
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Nov 8, 2017
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titaniumtux wrote:
Jul 28th, 2018 3:10 pm
Move CL the moment you call in to activate the card.



+1
This is a very mysterious thing. Some source codes offer the same cards with better promo's than what's posted on their website. Sometimes these offers are only made available via affiliate links, but if we know the links (or at least source codes) and the page loads up, we should be able to apply with the offer. Works in an overly similar fashion to TD CT.



Ok. What's the BT one time fee though? How long is the promotional 1.99% applicable for? Generally RBC's BT offers are for 10 months, right?
1% fee. 10 months.
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Jun 15, 2005
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titaniumtux wrote:
Jul 27th, 2018 4:25 pm
Since the Platinum Plus card is grandfathered, here's a fresh start where we can discuss the various plastics in the MBNA deck that offer into balance transfer promotions.

Why consider going for a different card? MBNA will probably not let the same cardholder acquire more than one of the same card. Here we can shuffle the deck and keep our high balances with MBNA.

0%/10 months
Thanks for creating this thread so that we know which cards to cycle through.
Did you want to add the following cards to the 0%/10 month section?
- Algonquin
- Fanshawe
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User455957 wrote:
Jul 28th, 2018 4:37 pm
1% fee. 10 months.
MBNA's 0%/10 months is better.
Arkaine wrote:
Jul 28th, 2018 4:40 pm
Thanks for creating this thread so that we know which cards to cycle through.
Did you want to add the following cards to the 0%/10 month section?
- Algonquin
- Fanshawe
@Arkaine glad to see you found this thread. Added, thank you.
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Oct 24, 2017
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Thanks for compiling this list, Titanium!

As I'm not a student, I think I'm going to apply for the ReMax one and do the BT at 0% for 10 months, and then see what's available in June of 2019.
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Jun 15, 2005
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JasonTTL wrote:
Aug 1st, 2018 1:23 pm
Thanks for compiling this list, Titanium!

As I'm not a student, I think I'm going to apply for the ReMax one and do the BT at 0% for 10 months, and then see what's available in June of 2019.
Not that this changes anything for you, but you don’t need to be a student to apply for those cards.
Worst case scenario you could simply say you were planning to enrol next semester.
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Arkaine wrote:
Aug 1st, 2018 1:55 pm
Not that this changes anything for you, but you don’t need to be a student to apply for those cards.
Worst case scenario you could simply say you were planning to enrol next semester.
Or say you took a course there online once, etc.

I just wonder why anyone would take 1.99%/10 months offer when there are eight 0%/10 months cards in the deck, though two of them on the MBNA site.
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Aug 19, 2008
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Any chance they will drop down from the stated 3% fee on the amount received? That makes it a bit painful to do.

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