The card offers zero per cent for 12 months on purchases, allowing businesses to buy almost anything for their business, from fuel and stationery, to ease the burden of business expenses with no interest on card purchases and no transaction fee deal for a whole year.
Chester, UK (PRWEB) April 19, 2009
At a time when small businesses are feeling the effects of the recession, MBNA has today announced the launch of a new business credit card, designed specifically with sole traders and small businesses in mind. The new MBNA Business Credit Card offers 0% p.a. on business purchases for one whole year from the date the account is opened. The standard rate of interest for purchases will be 15.9% APR (typical) variable.
The credit card has no annual fee and comes with free purchase protection insurance and Employee Misuse Insurance*.
Allison Moulton, head of Business Lending, said: "We recognise the importance of small businesses and sole traders to the economy, and in these uncertain times with other credit facilities being in short supply, this new business credit card aims to help small businesses and sole traders manage their cash flow.
"The card offers zero per cent for 12 months on purchases, allowing businesses to buy almost anything for their business, from fuel and stationery, to ease the burden of business expenses with no interest on card purchases and no transaction fee deal for a whole year."
Notes to Editors:
- - Terms and conditions apply to all insurances. Full details will be sent on account is opened.
The information contained in MBNA Europe's press releases is intended solely for journalists and should not be used by businesses to make financial decisions. Any business interested in finding out more about any of MBNA Europe's products should visit http://www.mbna.co.uk/business for full terms and conditions.
About MBNA Europe Bank
MBNA Europe, a wholly owned subsidiary of Bank of America Corporation (NYSE: BAC), is the recognized leader in affinity marketing. MBNA credit cards and related products and services are endorsed by more than 5,000 organisations worldwide. For more information, visit the company's Web site at http://www.mbna.co.uk or Bank of America's site at http://www.bankofamerica.com.
For further information, contact:
MBNA Europe Press Office
Tel: 01244 574136
Mobile: 07969 580143
Fax: 01244 673564