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BofA to Acquire MBNA Archived From: Finance

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didYOUsearch said:I predict many, if not all, of the financial-cobranded MBNA cards will be gone...

this includes all the FWF favorites: Schwab, Fidelity, Merrill, etc!


Interestingly, the BofA USAir Visa Signature card will be taken over by Juniper in 2006. Juniper is foreign owned. Still no defections in the MBNA cards yet.


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didYOUsearch said:I predict many, if not all, of the financial-cobranded MBNA cards will be gone...

this includes all the FWF favorites: Schwab, Fidelity, Merrill, etc!


I've received 2 offers for the eBay WorldPoints MC in the past week alone...


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And I am still deciding if I should get the Fidelity 1.5% CashBack card.


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Does MBNA have any good reward programs besides the Fidelity cards? I figure I should get them now before the merger, in case Bank of America keeps the programs alive for existing cardholders but stops offering them as new cards. I looked at MBNA's card directory (http://www.mbna.com/creditcards/directory.html), and I couldn't find anything better than 1% rewards, but just about every bank offers that nowadays. Furthermore, when I looked at the World Points rewards center (www.mbnaworldpoints.com), it said you have to earn 25,000 World Points in order to get 1% Cash Back (lower point levels offered <1% Cash Back).


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The Stockback card (http://www.stockback.com) looks good. It offers up to 2%, but to hit the 2% reward level you have to spend more than $5000 a month!

I also noticed MBNA offers a Fraternal Order of Police card. Perhaps you could try to use it as one of those PBA "get out of a speeding ticket free" cards I doubt it would work though, when the cop notices the Visa/MasterCard logo.


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SUB said:

I've received 2 offers for the eBay WorldPoints MC in the past week alone...


just yesterday I got an offer for the new Worldpoints Fidelity card. I already have the existing worldpoints AND investment rewards cards!


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BigBucksNoWhammy said:I've been with MBNA for years and like the regular CL increases and the often available 0% BT offers. I have no experience with BOA. Anyone out there that has BOA cards care to share their experience with how BOA handles automatic CL increases and 0% BT offers?

I don't have any experience with Bank of America, but the longest 0% BT APRs on their website are only for 6 months. But on the plus side, there are no balance transfer fees. MBNA offers a lot of 0% BT APRs for 12 months. However, MBNA usually had a $75 max balance transfer fee, but I noticed that now a lot of the cards on their website have a 3% balance transfer fee with NO maximum. So that's pretty much a 3% APR disguised as a 0% APR. So I would say take advantage of those MBNA 12 month 0% APRs while they're still around, and make sure you read the fine print.


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I just called MBNA and got my limit upped to $1800 from $1000 and I did a $385 balance transfer. That was painless and the customer service rep was very friendly. I know this off topic but just thought I would add my experience dealing with MBNA and BoA simultaneously.


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no kidding i thought 5G was the lowest mbna went on limits


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I just got approved for the Fido 1.5% card. The limit was 7500 exactly the average of my other 3 cards (citi, boa, AMEX).


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Far from that.

gave me $700 when I got my student card!!


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Despite the pending B of A merger, MBNA is apparently reavaluating it's Billpay feature. I recieved an email asking me to fill out a survey on how I used and percieved their billpay feature. The email reads as follows:

Dear XXX,

MBNA is committed to making our Net Access online account management and bill pay service as easy to use as possible. That's why we'd like to learn more about how you use our Web site.

In an effort to better serve our Customers, you have been randomly selected to participate in a survey. The survey is sponsored by CheckFree® and conducted by MQA Research. Your input will be used to help improve the Net Access services you currently use.


Ready to take the survey?
Just click on the button below.


We ask that you please
complete this survey by 12/20/05.





Please be assured that we respect your privacy. Any information you provide will be held in the strictest confidence, and will be used, along with the input of other MBNA customers, only to enhance your Net Access experience.

Click here to access the survey.

Thanks very much for your participation.

Sincerely,

MBNA



When you click for the survey, the introduction reads:

MBNA is conducting a survey of NetAccess subscribers to measure usage and perceptions of certain features of that Web site. Your answers to the following questions combined with those from other respondents will be used by MBNA to make NetAccess easier to use and more responsive to your needs. We are not selling or promoting anything.


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How did they asked in the survey about Billpay feature?

Thanks.


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Both MBNA & BofA have posted merger information as it relates to customers and a top 10 FAQ list on their website.

BofA
MBNA


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