Let's say you transfer $5,000 in high-interest credit card debt to a new balance transfer card that charges a balance transfer fee of 3 percent. Mr Hagger said that borrowing £2,000 on the MBNA money transfer card, which charges a 2.99pc transfer fee, would incur a one-off charge of. MBNA (a Bank of American company) is a leading supplier of credit cards in the UK. With a range of credit cards to choose from (including balance transfer.
