MBNA Bring in Payment Allocation Changes from September 2010

CHESTER, England, June 1, 2010 - MBNA will change the way payments are allocated to customers' credit
cards from September 1, 2010.

The move will mean payments made on MBNA credit cards in the UK will go
towards paying off the highest interest charges first.

It comes four months earlier than required under new industry changes to
credit and store cards announced by Government (Department for Business,
Innovation and Skills) and the UK credit card industry in March this year*.

Ian O'Doherty, Europe Card executive for Bank of America which operates
the MBNA brand, said: "We were in the process of implementing the change to
payment allocation before the UK industry and government announcement. As a
result, we had already completed much of the hard work implementing these
changes.

"Our systems will be ready to meet the new requirements on payment
allocation from 1st September this year, so why wait? This is in the interest
of our customers and they should be benefitting now."

All customers will receive notification outlining the changes to the way
payments are allocated to their accounts from June this year.

* A series of new voluntary changes to the rights of credit card
customers were announced by the UK credit card industry and Department for
Business Innovation and Skills in March 2010. For further details, visit:
www.theukcardsassociation.org.uk/media_centre/press_releases_new/-/page/932

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this hyperlink into your Internet browser's URL address field. Remove the
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About MBNA Europe Bank

MBNA Europe is a wholly owned subsidiary of Bank of America Corporation
(NYSE: BAC) and is the recognized leader in affinity marketing.

For more information, visit the company's website at
www.mbna.co.uk or Bank of America's website at
www.bankofamerica.com.

Editor and supplementary notes:

The information contained in MBNA Europe's press releases is intended
solely for journalists and should not be used by consumers to make financial
decisions. Any consumer interested in finding out more about any of MBNA
Europe's products should visit www.mbna.co.uk for full terms and
conditions.

For further information, contact: Gary Jenkins, PR Manager, Bank of America Europe Card Services, Tel: +4490)1244-574136, Mobile: +44(0)7825-721118, Fax: +44(0)1244-672468, Email: gary.jenkins at mbna.com