MBNA True Line Gold Mastercard review

The MBNA True Line Gold Mastercard offers a low 13.99% interest rate on purchases. The downside of this card is that you’ll have to pay an annual fee and you won’t earn rewards or get comprehensive benefits.

30-second take

• Get this card if you want to save money on interest.

• Choose something else if you want to earn rewards or get comprehensive benefits.

• This card doesn’t come with a minimum annual income requirement.

The basics

If you’re trying to consolidate your debt or want to lock in a low-interest rate on your outstanding balance, you might benefit from the MBNA True Line Gold Mastercard.

• Low interest rate. You’ll only have to pay an interest rate of 13.99% on purchases (which is 11% lower than with a typical card).
• Low balance transfer rate. You can get a 13.99% interest rate on balance transfers (though you’ll have to pay a 1% transfer fee).
• Free additional cards. You’ll be able to order up to 9 additional cards at no extra fee.
• Purchase assurance. Most items you buy on your card are protected against loss and damage for up to 90 days
  
• Extended warranty coverage. You’ll get double your manufacturer’s warranty on consumer goods (up to 1 year) when you purchase them with your card.

The perks

• Enhanced security. Purchases are protected by security features like PIN-protected microchips and online fraud prevention mechanisms.
• 24/7 support. MBNA offers customer support at any time of the day or night to help you troubleshoot issues with your account.
• Trip assistance. You’ll get support when you travel with lost tickets and luggage assistance, pre-trip information and legal assistance where necessary.
• Easy to qualify. You won’t have to meet any minimum income requirements to qualify for this card.

What to watch out for

• Annual fee. You’ll need to pay an annual fee of $39 to keep your account active.
• No rewards or cashback. You won’t earn any rewards or cashback when you spend money on this card.
• Few benefits. This card doesn’t offer comprehensive benefits like travel insurance, mobile device protection or roadside assistance.
• Balance transfer fee. You’ll pay 1% on any amount you transfer from another credit card (which means a $10,000 transfer will come with a $300 fee).
• High interest on cash advances. The interest rates on cash advances are higher than what you’ll pay with most standard cards.

MBNA True Line Gold Mastercard interest rates

What should I know before I apply?

• Eligibility requirements

  To apply for an MBNA True Line Gold Mastercard, you’ll need to meet the following criteria:

  • Be a Canadian citizen or permanent resident who is at least 18 years old (19 in some provinces)

• Required documents and information

  • Your name, residential status and contact information
  • Your social insurance number and date of birth
  • Your email address and phone number

How to apply

1. Head to the MBNA website to begin your application.
2. Complete the application, which includes providing your name, email address, social insurance number and birth date.
3. Review and submit your application.

Bottom line

The MBNA True Line Gold Mastercard is a low-interest card that lets you save money on your outstanding balance. The downside of this card is that you won’t get comprehensive benefits or earn rewards for making purchases.

Compare other credit cards

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10 of 38 results

Welcome Offer	Rewards	Purchase Interest Rate	Annual Fee	Min. Credit Score
Promoted BMO CashBack Mastercard	5% cashback	Up to 3% cashback	21.99%	$0	Get up to 5% cash back in your first 3 months. Plus, get a rate of 0.99% on balance transfers for 9 months. A 2% fee applies to transferred balances. T&Cs apply.	Min. recommended credit score: 660	Go to siteMore info Compare product selection Compare	loading
RBC Cash Back Mastercard	N/A	Up to 2% cash back	20.99%	$0	Min. recommended credit score: 650	Go to siteMore info Compare product selection Compare	loading
Neo Mastercard	N/A	An average of 5% cash back	19.99% - 29.99% (up to 25.24% in NL & QC)	$0	Min. recommended credit score: 640	Go to siteMore info Compare product selection Compare	loading
RBC ION Visa	7,000 points	Up to 1.5 points per $1 spent	20.99%	$0	Get 7,000 Avion points upon approval. T&Cs apply.	Min. recommended credit score: 660	Go to siteMore info Compare product selection Compare	loading
American Express Cobalt Card	15,000 points	Up to 5x points per $1 spent	21.99%	$191.88	Earn up to 15,000 Membership Rewards points in your first year. Earn 1,250 Membership Rewards points for each monthly billing period in which you spend $750 in purchases. That’s up to $150 towards a weekend getaway or concert tickets. T&Cs apply.	Annual fee: $15.99/month ($191.88 annually). Quebec residents: $191.88/year. Min. recommended credit score: 700	Go to siteMore info Compare product selection Compare	loading
Tangerine Money-Back Mastercard Card	10% cash back	Up to 2% cash back	20.95%	$0	Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until January 30, 2026. Plus, get a 1.95% interest rate on balance transfers for the first 6 months. T&Cs apply.	Min. recommended credit score: 600	Go to siteMore info Compare product selection Compare	loading
Tangerine Money-Back World Mastercard	Get $120	Up to 2% cash back	20.95%	$0	Get $120 with a Money-Back World Mastercard when you spend $1,500 in the first 3 months. Valid until January 30, 2026. Plus, get a 1.95% interest rate on balance transfers for the first 6 months. T&Cs apply.	Min. recommended credit score: 600	Go to siteMore info Compare product selection Compare	loading
BMO Preferred Rate Mastercard	0.99% rate on balance transfers for 9 months	N/A	13.99%	$29	Get a rate of 0.99% on balance transfers for 9 months with a 2% transfer fee. T&Cs apply.	Min. recommended credit score: 660	Go to siteMore info Compare product selection Compare	loading
RBC ION+ Visa	14,000 points	Up to 3 points per $1 spent	20.99%	$48	Get 14,000 Avion points upon approval. T&Cs apply.	Min. recommended credit score: 660	Go to siteMore info Compare product selection Compare	loading
RBC Avion Visa Infinite	35,000 points	Up to 1.25 points per $1 spent	20.99%	$120	Get 35,000 Avion Points upon approval. T&Cs apply.	Min. recommended credit score: 650	Go to siteMore info Compare product selection Compare	loading

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Frequently asked questions about the MBNA True Line Gold Mastercard

• Does the same low interest rate apply to cash advances?

  No. Unfortunately, you’ll have to pay 24.99% interest on cash advances, which is around 2% more than you’ll pay with a typical credit card.

• Does MBNA offer similar cards with no annual fee?

  Yes. If you want a fee-free card with a low interest rate, you can check out the MBNA True Line Mastercard. Just be aware that this card has a higher interest rate and it doesn’t offer basic insurance. That said, it offers a longer term for your introductory balance rate.

• Can I apply online?

  Yes, you can apply online. Just go to the MBNA website.