CHESTER, England, December 31, 2012 /PRNewswire/ --

Best ever long-term zero percent deal launched by UK-based lender

MBNA has increased the zero percent balance transfer offer on its long-term Platinum balance transfer credit card to 23 months.

     (Photo: http://photos.prnewswire.com/prnh/20121231/586336 )

New customers successfully applying for the new MBNA Platinum credit card can now receive zero percent interest on balance transfers and money transfers for up to 23 months, as long as they are made in the first 60 days of opening an account (fees apply*).

The card also offers zero percent on purchases for three months from the date the account is opened.

Michael Donald, MBNA's Business Development and Marketing executive, said:  "We want to offer new customers greater flexibility and choice when considering a credit card to suits their needs, so that they have the opportunity to purchase today with money they will earn tomorrow using a company they can trust.

"The launch of the new Platinum credit card - our longest ever zero percent balance transfer card - is part of a broader commitment by us to offer eligible customers the products and services they both want and expect."

* A 2.85 percent handling fee applies to balance transfers and a 4 percent fee applies to money transfers.

Representative example 16.9% p.a. variable on card purchases. This is equivalent to 16.9% APR representative variable based on a credit limit of £1200.

The new credit card from MBNA is contactless-enabled (click here for details).

Picture Caption: The new Platinum credit card from MBNA

About MBNA Limited:

MBNA Limited is a wholly owned subsidiary of Bank of America Corporation (NYSE: BAC). For more information, visit the company's website at http://www.mbna.co.uk.

Editor and supplementary notes:

The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions. Any consumer interested in learning more about any of this product should visit http://www.mbna.co.uk for full terms and conditions.