Low Interest Rate Credit Card
Author: Peachkiwi
Joined: 27 Jun 2003
Posts: 38
Posted: Tue Nov 18, 2003 1:08 am
Post subject: MBNA Platinum Plus Promotional offer!
MBNA mailed another offer with an APR of 5.9% for the same credit card I received about 6 months ago (APR 7.9%)! I guess MBNA doesn't screen for current card holders!
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Joined: 27 Jun 2003
Posts: 38
Posted: Tue Nov 18, 2003 1:08 am
Post subject: MBNA Platinum Plus Promotional offer!
MBNA mailed another offer with an APR of 5.9% for the same credit card I received about 6 months ago (APR 7.9%)! I guess MBNA doesn't screen for current card holders!
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posted by CardRatings.com at 8:51 AM
7 Comments:
Author: nativechild48
Credit Expert (100+ Posts)
Joined: 10 Nov 2003
Posts: 312
Posted: Tue Nov 18, 2003 1:27 am
They all tend to do that. I kept getting for BofA Plat after I got it and after about 5 or 6 months it stopped.
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Author: Peachkiwi
Joined: 27 Jun 2003
Posts: 38
Posted: Tue Nov 18, 2003 9:36 am
I called MBNA to see if I could apply the 5.9% to the current card I have since it's the same one. I was told that I am already receiving the lowest rate and the 5.9% are for a 'X' number of new applicants (less than 20,000). Basically, I would have to submit another application to get the 5.9%!
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Author: NightStar
Forum Moderator
Joined: 07 Nov 2003
Posts: 1760
Location: Illinois
Posted: Tue Nov 18, 2003 11:13 am
You might consider that as other have said, to then combined the new and old account.
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Author: Peachkiwi
Joined: 27 Jun 2003
Posts: 38
Posted: Tue Nov 18, 2003 11:51 am
NightStar wrote:
You might consider that as other have said, to then combined the new and old account.
I might consider if I get a substantially larger credit line. I was merely trying to avoid an inquiry, Thanks!
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Author: mrsmo914
Joined: 17 Nov 2003
Posts: 43
Location: Washington State
Posted: Tue Nov 18, 2003 11:56 am
NightStar wrote:
You might consider that as other have said, to then combined the new and old account.
How do you combine accounts? I have never heard of that before.
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Author: NightStar
Forum Moderator
Joined: 07 Nov 2003
Posts: 1760
Location: Illinois
Posted: Tue Nov 18, 2003 12:13 pm
I will let one of the others here explain that to you - totally blew my mind when I seen them posting on this ability - but yes, they say it is possible to request the creditors which you have multiple accounts with can do just that.
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Author: Ira
SENIOR MEMBER (Member for 2 yrs.+)
Joined: 19 May 2003
Posts: 649
Location: NJ
Posted: Fri Nov 21, 2003 9:59 am
I've done this several times with several banks. All you have to do is ask them. I've done it with Chase, MBNA, & Citibank.
Most recently I applied for a 0% balance transfer intro rate card from Citibank. They sent me the card with a $500.00 limit and a note stating that I had too much outstanding credit with Citibank, but if I wanted to I could transfer the outstanding credit line from other Citibank cards into the new offer. I called them and managed to move another $6,000.00 of high rated credit limit into the new 0% offer. Of course they closed the other card(s), but who cares?
Chase made the same offer and I closed three cards into one and ended up with $18,000.00 of 0% balance transfer, 0% balance transfer fee credit for one year. I promptly did a balance transfer of $17,500.00 into my checking account from which I transfered the $$$ into an interest bearing account. I pay minimum each month until the intro rate expires at which time I pull the principal out of the interest bearing account, pay it off, and keep the $300.00+ in interest. Not bad, huh?
MBNA did it a little differently. When I applied for a 0% card they said no new credit, but if I wanted to simply transfer an existing card over to the new card they'd be happy to do that. This has happened several times with them.
Hope this helps.
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