MBNA Launches New Zero Transfer Fee* Credit Card

CHESTER, England, August 23, 2010 - MBNA has announced the launch of a new credit card deal offering no
handling fee - and an introductory rate of 1.9% for 12 months - on money and
balance transfers*.

* The no handling fee and low rate will apply to all balance transfers
and money transfers made in the first 90 days of the account being opened.

The standard rate of interest for card purchases will be 16.9% APR
(typical) variable.

This card is available on MBNA's website www.mbna.co.uk

Will Curley, Product Executive for Bank of America Europe Card Services,
which operates under the MBNA brand in the UK, said: "MBNA is delighted to be
launching this market-leading product which offers no handling fees on
balance and money transfers and a low rate for 12 months if they are made in
the first 90 days.

"We know this is product will appeal to many of our customers,
particularly those looking to pay down their debts over a short period with
lower fees and we will continue to offer more value and choice among our UK
card portfolio."

This is an Internet only offer and anyone interested in taking out this
new credit card offer should visit www.mbna.co.uk

The new product is launched just a few weeks before MBNA changes the way
payments are allocated to customers' credit cards. From September 1, 2010,
payments made to MBNA credit cards in the UK will go towards paying off
balances with the highest interest charges first.

About MBNA Europe Bank

MBNA Europe is a wholly owned subsidiary of Bank of America Corporation
(NYSE: BAC) and is the recognised 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, Bank of America Europe Card Services, Tel: +44(0)1244-574136, Mobile: +44(0)7825-721118, Fax: +44(0)1244-672468, Email: gary.jenkins at mbna.com