MBNA Credit Card Has Changed Its Name
If You Hold an MBNA Credit Card, You Should Learn about Their Merger with Bank of America
If you are interested in an MBNA credit card, there is something you need to know. MBNA has now merged with Bank of America, so you are interested in applying for an MBNA credit card you will have to apply through Bank of America.
Mergers and Acquisitions
Bank of America recently acquired MBNA. If you already have an MBNA credit card, your account will be available through the Bank of America website. Any time a merger such as this takes place, it is important to remain alert. You might receive your MBNA credit card statement in the mail and nearly discard it if you don’t recognize the new look it will likely have. Pay particular to any special inserts that you receive with your statement to be informed of any account changes that might be taking place.
At one time my spouse and I each had an MBNA credit card. Currently, we only have one, but we eagerly anticipate just what Bank of America has in store. They are growing nationwide and becoming more widely known.
Expect Changes
According to the Bank of America website, any changes that might occur to accounts are expected to be minimal. If you have an MBNA credit card, you can read more specifics about the merger by clicking on the appropriate link through the Bank of America website. Despite the merger, it is important that you continue to make your payments as usual.
The FAQ section on the Bank of America website indicates that it is possible that you will receive a new credit card in place of your MBNA credit card. Until then, they instruct you to use your current card. Keep in mind that if you do receive a new credit card, you should properly dispose of your old MBNA credit card by shredding it to keep identity theft criminals from getting a hold of it and using it.