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MBNA was founded in 1982 as Maryland Bank, N.A. [ 3][ 4][ 5] Led by Charles Cawley, MBNA opened its first office in a converted A&P (Great Atlantic & Pacific Tea Company) food supermarket in Ogletown, Delaware. [ 6] An early driver of MBNA's growth was the creation of "affinity cards" in 1983. Cawley convinced the alumni association at his alma ...
Charles Michael Cawley (August 15, 1940 – November 18, 2015) was a businessman and founding member of the bank MBNA. [1] [2] Born in Massachusetts, he was raised in New Jersey, was educated at Saint Benedict's Preparatory School and was a graduate of Georgetown University. He created MBNA in 1982, and it was acquired by Bank of America in 2006.
On June 30, 2005, Bank of America announced it would purchase credit card giant MBNA for $35 billion in cash and stock. The Federal Reserve Board gave final approval to the merger on December 15, 2005, and the merger closed on January 1, 2006. The acquisition of MBNA provided Bank of America a leading domestic and foreign credit card issuer.
After racking up over 50,000 points with MBNA credit card, but then keeping them as an "emergency" backup credit card I wanted to cash in points for a trip. Called in and told was down to 4,500 points. They slashed the points each month without so much as a "by the way". No option to cash them in and I am not at all happy.
9 years ago. Thanks bellagio and Jimbo for your input. I remember reading somewhere that MBNA would be ok in Cuba as of 2015. MBNA offers better cash back rewards, which is why I ask this question. I would rather not risk it though, and bring my Canadian Tire card to be safe. I was also able to pay for my vacation using my MBNA credit card ...
1,352 posts. 40 reviews. 53 helpful votes. MBNA Clipper. 5 years ago. We are meeting some friends from the USA, and have bought them a couple of river roamer tickets online, as we are planning to have a day travelling around on the river, due to the weather being so hot. Should have read the terms first I suppose, although not much I could have ...
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