0% interest with what BT fee? I seem to always get 0% offers on all my MBNA cards, but the fee is never less than 2%, which is meh. IMO churning this with 0% introductory rate which comes with 1% BT fee is the way to use it.
MBNA Cards with BT Promo's - MBNA TL New Card0%/12 Month Offer
- Last Updated:
- Mar 28th, 2024 11:26 am
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- SCORE+70
- mbmbkop
- Deal Addict
- Dec 27, 2013
- 2147 posts
- 958 upvotes
- ritzcrv
- Sr. Member
- Jun 13, 2018
- 922 posts
- 642 upvotes
I just got the 0% / 2% fee offer, both online & in the mail. My current term runs to June on the same BW card too. I guess promo department doesn't talk to current accounts
- nahsha
- Deal Addict
- Feb 28, 2015
- 1312 posts
- 499 upvotes
- Montreal, QC
I'm thinking to apply for one of these low % BT cards. I currently have the mbna rewards WE which is my main card (2% & no annual fee) but I may be making a large cash purchase so this would be great. Would be nice if via GCR to offset the 1% a bit! I believe I can move some of the limit from the RWE card in case they approve with a low limit? Any suggestions which card to go with?
- titaniumtux [OP]
- Deal Expert
- May 8, 2009
- 15560 posts
- 14184 upvotes
- Going to the Moon
0%/6 months TrueLine on GCR, to offset BT fee. With a high CL, 0%/10 months is better.nahsha wrote: ↑ I'm thinking to apply for one of these low % BT cards. I currently have the mbna rewards WE which is my main card (2% & no annual fee) but I may be making a large cash purchase so this would be great. Would be nice if via GCR to offset the 1% a bit! I believe I can move some of the limit from the RWE card in case they approve with a low limit? Any suggestions which card to go with?
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- nahsha
- Deal Addict
- Feb 28, 2015
- 1312 posts
- 499 upvotes
- Montreal, QC
Thanks, is there a card which remains low % after the 6 / 10 months? Like 2-4%?titaniumtux wrote: ↑ 0%/6 months TrueLine on GCR, to offset BT fee. With a high CL, 0%/10 months is better.
I also have a line of credit at prime, and no BT fee. Need to see what's the best approach.
- titaniumtux [OP]
- Deal Expert
- May 8, 2009
- 15560 posts
- 14184 upvotes
- Going to the Moon
Nah. More like lousy 10%.
Just bounce between BT offers.
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- KevCnew
- Sr. Member
- Jan 18, 2017
- 824 posts
- 421 upvotes
Thank you so much for this thread, OP!
I'm planning to make a large purchase, and having 0% for 10months would really help instead of depleting my savings right away.
From what I understand, I can applying for the Ryerson card, despite not ever having attended Ryerson; and BT 0% to my chequing account. Then when the 10months is close, I can apply to another available card and get another 10months; given my credit can support the increased limit?
I should just collect $ in a savings account to pay it off in case I ever run out of these promos, right?
Thanks!
I'm planning to make a large purchase, and having 0% for 10months would really help instead of depleting my savings right away.
From what I understand, I can applying for the Ryerson card, despite not ever having attended Ryerson; and BT 0% to my chequing account. Then when the 10months is close, I can apply to another available card and get another 10months; given my credit can support the increased limit?
I should just collect $ in a savings account to pay it off in case I ever run out of these promos, right?
Thanks!
- titaniumtux [OP]
- Deal Expert
- May 8, 2009
- 15560 posts
- 14184 upvotes
- Going to the Moon
along those lines. you might want to get bt cards from other fi's if you won't pay card off in full with your own money at end of promo.KevCnew wrote: ↑ Thank you so much for this thread, OP!
I'm planning to make a large purchase, and having 0% for 10months would really help instead of depleting my savings right away.
From what I understand, I can applying for the Ryerson card, despite not ever having attended Ryerson; and BT 0% to my chequing account. Then when the 10months is close, I can apply to another available card and get another 10months; given my credit can support the increased limit?
I should just collect $ in a savings account to pay it off in case I ever run out of these promos, right?
Thanks!
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- mchoochoo
- Sr. Member
- Oct 24, 2005
- 974 posts
- 225 upvotes
Hi... first time churner, so please go easy on me.
I have my very first MBNA BT coming due on May 2, 2019. I'm trying to figure out the exact logistics.
1. When should I apply for the 0%/10 months University of New Brunswick card -- should I apply for it NOW, or should I wait until closer to the date? Does it matter which university card on the 0%/10 months list I start off with?
2. When applying for the University of New Brunswick card, how do I know what kind of credit limit I will be getting on it? How do I request a higher credit limit when applying for the University of New Brunswick card?
3. I pay off my existing MBNA BT card with my own cash, correct (via Bill Payment from my online bank account)? If it's coming up on May 2, 2019, WHEN should I pay it off? How do I find out the exact amount that I need to pay in order to full pay it off as of that day (but without overpaying)? What about the extra couple of days of interest between when I initiate the payment that they receive the payment?
4. I then call into MBNA and ask to transfer my entire credit limit (except for $500) from the old MBNA BT card to the new University of New Brunswick card?
5. Will the old MBNA BT card and new University of New Brunswick card both be linked under my current MBNA online account, or do I have to open a NEW MBNA online account?
6. Do the Balance Transfer using the University of New Brunswick card.
Thanks!
I have my very first MBNA BT coming due on May 2, 2019. I'm trying to figure out the exact logistics.
1. When should I apply for the 0%/10 months University of New Brunswick card -- should I apply for it NOW, or should I wait until closer to the date? Does it matter which university card on the 0%/10 months list I start off with?
2. When applying for the University of New Brunswick card, how do I know what kind of credit limit I will be getting on it? How do I request a higher credit limit when applying for the University of New Brunswick card?
3. I pay off my existing MBNA BT card with my own cash, correct (via Bill Payment from my online bank account)? If it's coming up on May 2, 2019, WHEN should I pay it off? How do I find out the exact amount that I need to pay in order to full pay it off as of that day (but without overpaying)? What about the extra couple of days of interest between when I initiate the payment that they receive the payment?
4. I then call into MBNA and ask to transfer my entire credit limit (except for $500) from the old MBNA BT card to the new University of New Brunswick card?
5. Will the old MBNA BT card and new University of New Brunswick card both be linked under my current MBNA online account, or do I have to open a NEW MBNA online account?
6. Do the Balance Transfer using the University of New Brunswick card.
Thanks!
- titaniumtux [OP]
- Deal Expert
- May 8, 2009
- 15560 posts
- 14184 upvotes
- Going to the Moon
@mattchoo YES to most of that.
- if you accidentally overpay, no big deal. Call MBNA to direct deposit the excess back to bank account
- I'd make the final payment at least a week or two before the deadline to be safe, but some people got their timing to a T, or use pre-auth
- After CL merge, you're free to BT off the new card
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- John47
- Deal Addict
- Jan 18, 2014
- 1537 posts
- 512 upvotes
- Rouyn-Noranda
mattchoo,
I've asked similar questions about a first-time go-through of MBNA BTs --- see further upthread;
- what I gathered was that I should pay off the first card and THEN apply for another one;
- this is just my understanding of the optimal way to proceed to get the highest CL on round 2;
In my case, I have the advantage of having been approved this past week for a $25K unsecured line of credit;
I'll use that to pay off my $14K BT from MBNA in June
and then,
I'll apply for the MBNA Trueline promotion.
I've asked similar questions about a first-time go-through of MBNA BTs --- see further upthread;
- what I gathered was that I should pay off the first card and THEN apply for another one;
- this is just my understanding of the optimal way to proceed to get the highest CL on round 2;
In my case, I have the advantage of having been approved this past week for a $25K unsecured line of credit;
I'll use that to pay off my $14K BT from MBNA in June
and then,
I'll apply for the MBNA Trueline promotion.
- lamerveille
- Jr. Member
- Mar 14, 2015
- 180 posts
- 61 upvotes
- Montreal, QC
so i just initiated an online bt with a unb card but i wasn't charged the 1% tranfer fee ! I also see that the minimum payment of the bt seems to be 10$ instead of the 1% usually required. when looking at the statement it also seems that only part of the bt was under the promo at 0 %. when i applied, my initial credit limit was at 10 k. i then shifted cl around to bump it to 30k. did a bt of 29700 $ to my bank account but on the statement, it only show as 9900$ under 0% promo (which kind of look like 10k minus the 1% fee) but no mention of the rest of the money. anybody else had that happen before ?
- John47
- Deal Addict
- Jan 18, 2014
- 1537 posts
- 512 upvotes
- Rouyn-Noranda
How did you do this concretely --- by calling in?lamerveille wrote: ↑ so i just initiated an online bt with a unb card but i wasn't charged the 1% tranfer fee ! I also see that the minimum payment of the bt seems to be 10$ instead of the 1% usually required. when looking at the statement it also seems that only part of the bt was under the promo at 0 %. when i applied, my initial credit limit was at 10 k. i then shifted cl around to bump it to 30k. did a bt of 29700 $ to my bank account but on the statement, it only show as 9900$ under 0% promo (which kind of look like 10k minus the 1% fee) but no mention of the rest of the money. anybody else had that happen before ?
I assume the customer service representative didn't mention anything about the BT being limited to the initially-approved CL?
Keep us posted, I'm interested in your experience.
- tmlfan3
- Sr. Member
- Oct 15, 2009
- 511 posts
- 211 upvotes
- Winnipeg
Interesting. Mine is doing that too. I have a $20K credit line and just got my first statement and it says only $9900 under 0% promo. I just assumed it was an error as it's exactly half of my BT amount ($19800), but if yours is the same then there must be some sort of error on their system. I'm going to contact them when I have time to ensure they didn't mess something up.lamerveille wrote: ↑ so i just initiated an online bt with a unb card but i wasn't charged the 1% tranfer fee ! I also see that the minimum payment of the bt seems to be 10$ instead of the 1% usually required. when looking at the statement it also seems that only part of the bt was under the promo at 0 %. when i applied, my initial credit limit was at 10 k. i then shifted cl around to bump it to 30k. did a bt of 29700 $ to my bank account but on the statement, it only show as 9900$ under 0% promo (which kind of look like 10k minus the 1% fee) but no mention of the rest of the money. anybody else had that happen before ?
- tmlfan3
- Sr. Member
- Oct 15, 2009
- 511 posts
- 211 upvotes
- Winnipeg
Answers in bold.
mattchoo wrote: ↑ Hi... first time churner, so please go easy on me.
I have my very first MBNA BT coming due on May 2, 2019. I'm trying to figure out the exact logistics.
1. When should I apply for the 0%/10 months University of New Brunswick card -- should I apply for it NOW, or should I wait until closer to the date? Does it matter which university card on the 0%/10 months list I start off with?
I would wait until closer to the date. You do have enough buffer for the 90 day period, but probably better to wait. Doesn't matter which card you get.
2. When applying for the University of New Brunswick card, how do I know what kind of credit limit I will be getting on it? How do I request a higher credit limit when applying for the University of New Brunswick card?
You don't know. For me, typically they pull available credit from my previous card to make the new one. This is one reason it's always best to pay off the first one before applying. It makes it much less likely they'll reject you as they can pull from your available credit on your other card. I believe you can call and ask for a higher limit, possibly even online.
3. I pay off my existing MBNA BT card with my own cash, correct (via Bill Payment from my online bank account)? YesIf it's coming up on May 2, 2019, WHEN should I pay it off? I believe the actual due date is the statement closing date after May 2nd. To be safe I always pay it a week before that promo end date How do I find out the exact amount that I need to pay in order to full pay it off as of that day (but without overpaying)? What about the extra couple of days of interest between when I initiate the payment that they receive the payment? Not sure what you're asking. if it's a 0% promo, there shouldn't be any interest over those days. Near the end of your promo, just pay off the full amount owing listed on your online account.
4. I then call into MBNA and ask to transfer my entire credit limit (except for $500) from the old MBNA BT card to the new University of New Brunswick card? Once you get the new card, call to transfer the entire limit from the old one to the new one. There isn't really a reason to leave any balance on the old one.
5. Will the old MBNA BT card and new University of New Brunswick card both be linked under my current MBNA online account, or do I have to open a NEW MBNA online account? This seems to be YMMV. I've never had any luck linking my new card in my old account. I've always had to create a new account for each one (I have 4 now). The first time I was able to get them to merge my online accounts, but it took over a month before they could do it. Now I just don't bother. Apparently its something to do with the new card not showing any connection to my old card in their system.
6. Do the Balance Transfer using the University of New Brunswick card.
Thanks!
- KevCnew
- Sr. Member
- Jan 18, 2017
- 824 posts
- 421 upvotes
Thanks! Wow. I got approved for 3x more than I needed - immediately lol. The remainder is going into a Savings account and I'll have more than the balance before the 10 months are up.titaniumtux wrote: ↑ along those lines. you might want to get bt cards from other fi's if you won't pay card off in full with your own money at end of promo.
- John47
- Deal Addict
- Jan 18, 2014
- 1537 posts
- 512 upvotes
- Rouyn-Noranda
- andrew4321
- Deal Addict
- Sep 19, 2009
- 2280 posts
- 991 upvotes
- Toronto
ON based, my previous promo expires in 3 weeks and I am looking for a new one. Anything better than True Line https://www.mbna.ca/en/credit-cards/low ... mastercard ?
- John47
- Deal Addict
- Jan 18, 2014
- 1537 posts
- 512 upvotes
- Rouyn-Noranda
Have you had a look at the offers in the first two posts of this thread --- the university cards and the 0% for 10m Trueline?andrew4321 wrote: ↑ ON based, my previous promo expires in 3 weeks and I am looking for a new one. Anything better than True Line https://www.mbna.ca/en/credit-cards/low ... mastercard ?
Which promotion of yours is expiring?
- andrew4321
- Deal Addict
- Sep 19, 2009
- 2280 posts
- 991 upvotes
- Toronto
All 0%/10 months links from the first page are coming back with "Oops! Something went wrong." Is it possible to get them in a different way?
And one more question. How do I use the "source code"? TIA
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