MBNA Rewards American Express Credit Card - phew what a mouthful! Why couldn’t they just call it the MBNA credit card?
Anyway, the design of this card is ok. Not exactly inspiring like the black amex or as interesting as the multiple design choices offered by Capital One Platinum reviewed here. More of a functional look.
This credit card offers the following features:
- Balance transfer rate of 0% p.a. until March 2007.
- Variable rate thereafter of 16.9% APR - this APR is marginally higher than some of the cards we have reviewed.
- Fraud protection including internet with no excess - quite a nice feature but fairly standard on most cards nowadays.
- Rewards equate to one point for every pound spent. These points can be exchanged for high street shopping vouchers, once in a life time experiences, entertainment, dining holidays or cash.
Credit Card Cool view this as not a bad little card but it’s not going to offer much that’s different from your run of the mill reward based cards.
Credit Card Cool award a ** ranking out of a potential ***** star ranking for the MBNA Rewards American Express Credit Card.
We called this the naked Barclay Card because the design is pretty bear/bland/naked of any features. It’s appearance is pretty lacklustre and really has nothing to distinguish it from the thousands of other cards out there.
Nonetheless it does offer some interesting features:
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Posted by Peter Brady on Mon 3rd July 2006 at 09:00 AM, Filed in Fraud
Did you know that fraud on UK credit and debit cards costs over £1 million every day? Frightening statisitc really.
So what can you do to mitigate a fraud in the UK?
Well, chip (the sophisticated little card chip) and pin (personal identification number) is helping matters.
According to the “Crime Support Financial”
“If your card is used or stolen you are fully protected by the UK Banking Code. The Code is a voluntary system that sets out standards for good banking practice, including limiting liability for cardholders that are victims of fraud. Under the Code, if someone else uses your card before you tell your card issuer it has been lost or stolen or that someone else knows your PIN, the most you will have to pay, in theory, is £50.
In practice the bank or building society will usually refund the full amount lost. But if the cardholder were negligent, for example, by keeping their PIN near their card, they would have to meet all the losses.”
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