The background:
I keep getting these offers from MBNA for their preapproved platinum mastercard that lets me earn airline miles, but until now I've been tossing them away. Recently, in the hot deals forum I heard that MBNA can be used for secure shopping, via the single use number so I became interested.
The problem:
The back of the offer says: "Grace period for repayment of balance for purchases: NONE". This got me worried. So I called in twice. The first time CSR told me that all MBNA cards have a 25 day grace period, however, the second CSR told me that the above statement means I'll be charged interest from the day I make a purchase. I'm not too excited about paying interested when I pay my monthly total in full.
The Question:
If you have an MBNA card can you please post here how your interest is calculated.
Thanks EG.
I keep getting these offers from MBNA for their preapproved platinum mastercard that lets me earn airline miles, but until now I've been tossing them away. Recently, in the hot deals forum I heard that MBNA can be used for secure shopping, via the single use number so I became interested.
The problem:
The back of the offer says: "Grace period for repayment of balance for purchases: NONE". This got me worried. So I called in twice. The first time CSR told me that all MBNA cards have a 25 day grace period, however, the second CSR told me that the above statement means I'll be charged interest from the day I make a purchase. I'm not too excited about paying interested when I pay my monthly total in full.
The Question:
If you have an MBNA card can you please post here how your interest is calculated.
Thanks EG.
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