MBNA Launches New Rate for Life* Credit Card

CHESTER, England, January 21 - MBNA today announced the launch of a new MBNA credit card offering a
promotional rate of 5.9% and a reduced handling fee of 1.5% on all balance
transfers and money transfers made in the first 60 days. The rate applies
until the transferred balances are paid off*. The standard rate of interest
for card purchases will be 16.9% APR (typical) variable.

The terms and conditions are available on MBNA's Web site,
www.mbna.co.uk/creditcards/mbnacards

Greg Reed, Chief Marketing Officer, MBNA, said: "We have listened hard to
what customers want and I believe that this simplified, easy-to-understand,
low rate card will have enormous appeal to customers."

This is an Internet-only offer and anyone interested in taking out the
new MBNA Credit Card should visit www.mbna.co.uk/creditcards/mbnacards

Notes to Editors:

    - Balance Transfer definition: a payment from the credit card
      account to another financial institution which is not a money transfer
      and which pays off or reduces the amount that is owed to them.
    - Money Transfer definition: a transfer of funds from your account
      to any personal account held by you or any other person at another
      financial institution other than into a credit card or loan account.

About MBNA Europe Bank

MBNA Europe, a wholly owned subsidiary of Bank of America Corporation
(NYSE: BAC), is the recognized leader in affinity marketing. MBNA credit
cards and related products and services are endorsed by more than 5,000
organisations worldwide. For more information, visit the company's Web site
at www.mbna.co.uk or Bank of America's site at
www.bankofamerica.com.

Contact: Gary Jenkins, MBNA Europe, Tel: +44(0)1244-574136, Gary.jenkins at mbna.com