Bank of America buys MBNA.. How will MBNA credit cards be affected? - Tilted Forum Project Discussion Community

Jimellow · 06-30-2005, 06:33 AM

I don't have a credit card with MBNA - in fact, they denied me when I applied, since I had no credit history - but I am curious about how Bank of America's purchase of MBNA will affect their credit cards, whether it be rates, policy, and/or rates. Do you think this "changing of hands" will be felt by the MBNA card users, or is it strictly a company name change?

Hardknock · 06-30-2005, 09:51 AM

Most likely just a name change. Chase bought First USA last year and my card hasn't changed except for the name. If things change toward an area I don't like, then I'll negoiate with them or cancel the card.

jorgelito · 06-30-2005, 02:23 PM

Here's how it could be affected: http://news.yahoo.com/fc/business/ba...america___mbna

and here: http://money.cnn.com/2005/06/30/pf/b...n=money_latest

tres · 07-01-2005, 03:52 AM

While I'm not a fan of Monopolies(sp?), I've been a BOA customer for about 4 years... I had a BOA credit card and a Fleet CC when they got bought, and nothing bad happened.. In fact, I merged the two cards together and ended up with one card with a large credit limit, and an even better APR. If this merger goes through, then I'm sure I can merge my MBNA card with my BOA and do the same thing... additionally, I used to have to go to 2 seperate websites to pay each bill, if you have more than one BOA account, it gets merged into one logon and you can see all your BOA accounts on on screen.

I doubt it will be a big deal, even if they have 90% of the industry, Discover, AMEX and the others will just be more competitive, and if they arent then, either way your getting the better deal....

greeneyes · 07-02-2005, 09:49 AM

I had that same thought but for a different reason. I work for **** and all of our personal credit cards are issued through MBNA. Now Bank of America is one of ****'s biggest competitors so what will that mean for us?

I'll be very interested to see how this all plays out.

06-30-2005, 06:33 AM	#1 (permalink)
Jimellow Junkie	Bank of America buys MBNA.. How will MBNA credit cards be affected? I don't have a credit card with MBNA - in fact, they denied me when I applied, since I had no credit history - but I am curious about how Bank of America's purchase of MBNA will affect their credit cards, whether it be rates, policy, and/or rates. Do you think this "changing of hands" will be felt by the MBNA card users, or is it strictly a company name change? __________________ Desperation is no excuse for lowering one's standards.

06-30-2005, 02:23 PM	#3 (permalink)
jorgelito All important elusive independent swing voter... Location: People's Republic of KKKalifornia	Here's how it could be affected: http://news.yahoo.com/fc/business/ba...america___mbna and here: http://money.cnn.com/2005/06/30/pf/b...n=money_latest __________________ "The race is not always to the swift, nor battle to the strong, but to the one that endures to the end." "Demand more from yourself, more than anyone else could ever ask!" - My recruiter Last edited by jorgelito; 06-30-2005 at 03:07 PM..

07-01-2005, 03:52 AM	#4 (permalink)
tres Insane Location: Long Island, NY	While I'm not a fan of Monopolies(sp?), I've been a BOA customer for about 4 years... I had a BOA credit card and a Fleet CC when they got bought, and nothing bad happened.. In fact, I merged the two cards together and ended up with one card with a large credit limit, and an even better APR. If this merger goes through, then I'm sure I can merge my MBNA card with my BOA and do the same thing... additionally, I used to have to go to 2 seperate websites to pay each bill, if you have more than one BOA account, it gets merged into one logon and you can see all your BOA accounts on on screen. I doubt it will be a big deal, even if they have 90% of the industry, Discover, AMEX and the others will just be more competitive, and if they arent then, either way your getting the better deal.... __________________ "Its better to be hated for who you are, then loved for what your not" --Van Zant "Tell me and I forget. Show me and I remember. Involve me and I learn."

07-02-2005, 09:49 AM	#5 (permalink)
greeneyes Insane Location: Charlotte, NC	I had that same thought but for a different reason. I work for ** and all of our personal credit cards are issued through MBNA. Now Bank of America is one of *'s biggest competitors so what will that mean for us? I'll be very* interested to see how this all plays out. __________________ Put the blame on me So you don't feel a thing Go on and save yourself Take it out on me Last edited by greeneyes; 10-09-2005 at 10:09 AM..

06-30-2005, 09:51 AM	#2 (permalink)
Hardknock Republican slayer Location: WA	Most likely just a name change. Chase bought First USA last year and my card hasn't changed except for the name. If things change toward an area I don't like, then I'll negoiate with them or cancel the card.