MBNA True Line Gold Mastercard review
- Welcome Offer
- N/A
- Rewards
- N/A
- Annual Fee
- $39
- Purchase Interest Rate
- 10.99%
- Cash Advance Rate
- 24.99%
Summary
Pay an ultra-low interest rate on your outstanding balance and get a 13.99% balance transfer rate.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
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
| Interest Type | Interest Rate |
|---|---|
| Purchase interest rate | 10.99% |
| Cash advance rate | 24.99% |
| Standard balance transfer rate | 13.99% |
What should I know before I apply?
How to apply
- Head to the MBNA website to begin your application.
- Complete the application, which includes providing your name, email address, social insurance number and birth date.
- 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
Welcome Offer
15,000 points
Rewards
Up to 5x points per $1 spent
Annual Fee
$191.88
Credit Score
700
Welcome Offer
Up to 7% cash back
Rewards
Up to 2% cash back
Annual Fee
$0
Credit Score
650
Frequently asked questions about the MBNA True Line Gold Mastercard
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