Well, I see my writing has been superseded thanks to MBNA who have re-launched the BMI Credit Card.
As suggested through earlier posts, MNBA have launched a two-card, one statement product
There are two offers on the table:
The “Free” Version:
- Up to 25,000 destinations miles when you spend £250 within the first 90 days (to get the extra miles you must apply before 15/11/2011.
- Earn double miles on flybmi.com
- 0% on balance transfers for 12 months on transfers made within the first 90 days of your account opening (3% handling fee).
- 0% on card purchases for 3 months from the date your account is opened.
- 1.5 miles per £1 on the Amex, 0.75 miles per £1 on the Visa Card
- 16.9% APR (average)
The “Paid” version – BMI Plus (£85)
- 24,000 destinations miles* welcome bonus when you spend £250 within 90 days
- 4,000 Status miles will be added to your Diamond Club account annually
- 2 bmi lounge passes
- Earn double miles on flybmi.com
- 0% on balance transfers for 12 months on transfers made within the first 90 days of your account opening (3% handling fee).
- 0% on card purchases for 3 months from the date your account is opened.
- 2 miles per £1 on the Amex, 1 miles per £1 on the Visa Card
- 17.9% p.a. (variable), Equivalent to 34.5% APR when the annual fee of £85 is payable.
Previous BMI Credit Card holders of any type, be aware that the sign-up bonuses will not be awarded, although read around. You might get a few ideas 😉
If you get these accounts (as stated) you’ll get a American Express Branded Card (Not issued by Amex, but by MBNA) and a Visa Card – both of which are tied to one account. Note that the card earning rates are slightly different between the two cards.
Full details at http://www.flybmi.com/bmi/en-gb/loyalty-programmes/credit-card/credit-card.aspx?intcmp=Oct19creditcard.
Please note, this information does not constitute financial advice and you should always do your own research on top to ensure it’s right for your specific circumstances, and may impact on your credit score. So don’t blame me if you overspend on a card and they come hounding after you.
Those who are considering applying should bear in mind you’ll need to be resident in the UK to get one, and probably have reasonable banking references. So don’t moan at me if you’re in the USA wanting to apply for a this card. Because the answer will be no 😉