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MBNA True Line Mastercard review

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MBNA True Line Mastercard
Welcome Offer
Balance transfer offer
Rewards
N/A
Annual Fee
$0
Purchase Interest Rate
12.99%
Cash Advance Rate
24.99%

Summary

Get a 12.99% balance transfer rate with this fee-free card.

If you're struggling to pay off your outstanding balance or you can't seem to meet your minimum monthly payments on your current credit card, you might like to consider transferring to the MBNA True Line Mastercard

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The MBNA True Line Mastercard offers a low 12.99% interest rate and a 0% balance transfer rate. There’s no annual fee and you can order up to nine additional cards at no extra cost. The downside is it comes with very few added benefits and you won’t earn cash back or rewards for making purchases on your card.

30-second take

  • Get this card if you’re looking to save money on interest.
  • Choose something else if you want to earn points or qualify for comprehensive benefits.
  • This card doesn’t come with a minimum annual income requirement.

The basics

If you’re struggling to pay off your outstanding balance or you can’t seem to meet your minimum monthly payments on your current credit card, you might like to consider transferring to the MBNA True Line Mastercard.

  • Welcome offer: Get a 0% promotional annual interest rate for 12 months on balance transfers completed within 90 days of account opening.
  • No annual fee. You won’t have to pay an annual fee to maintain this card.
  • Low interest rate. You’ll pay an interest rate of 12.99% on purchases (which is 7% lower than with a typical card).
  • Free additional cards. You can get up to nine additional cards at no extra fee.

The perks

  • Enhanced security. It’s easy to safeguard your purchases with security features like PIN-protected microchips and online fraud prevention mechanisms.
  • Zero Liability insurance. You won’t be held responsible for fraudulent charges on your account with Zero Liability insurance.
  • 24/7 support. You can call MBNA at any time of day or night to 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

  • No rewards or cash back. The low interest rate on this card replaces rewards or cash back as the main incentive.
  • No basic insurance. You won’t get purchase protection or extended warranty coverage when you buy consumer goods.
  • Few benefits. You won’t get additional benefits like travel insurance, mobile device protection or roadside assistance.
  • Balance transfer fee. You’ll pay 3% 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. You’ll pay much higher interest with cash advances than for regular purchases.

MBNA True Line Mastercard interest rates

Interest TypeInterest Rate
Purchase interest rate12.99%
Cash advance rate24.99%
Standard balance transfer rate12.99%

What should I know before I apply?

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 Mastercard is a low-interest card that offers upfront savings on outstanding balances for no annual fee. It comes with a 0% introductory balance rate for the first 12 months and you can take out up to 9 additional cards for no extra fee. The downside of this card is that you won’t get comprehensive benefits or earn rewards for making purchases.

Compare other credit cards

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
RBC ION Visa
3,500 points
1.5 points per $1 spent
20.99%
$0
Min. recommended credit score: 660
Get 3,500 Avion points when you get approved for the card.
Neo Credit Mastercard
Get $25.00 + up to 15% cash back
Up to 5% cash back
19.99% - 29.99%
$0
Min. recommended credit score: 600
Get $25 when you sign up for the Neo Financial Mastercard. Plus, earn bonuses like 15% cashback on your first purchase at most partners, and earn an average of 5% cashback at partner stores and at least 1% cashback guaranteed.
Tangerine World Mastercard
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until April 30, 2024. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
American Express Cobalt Card
15,000 points
Up to 5x points per $1 spent
20.99%
$155.88
Min. recommended credit score: 700
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.
BMO CashBack Mastercard
5% cash back
Up to 3% cash back
20.99%
$0
Min. recommended credit score: 660
Get 5% cash back on all eligible purchases in the first three months of card membership (up to max. spend of $2,500). Plus, get a rate of 0.99% on balance transfers for 9 months. A 2% fee applies to transferred balances.
Tangerine Money-Back Credit Card
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until April 30, 2024. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
RBC Cash Back Mastercard
N/A
Up to 2% cash back
20.99%
$0
Min. recommended credit score: 650
RBC ION+ Visa
7,000 points
3 points per $1 spent
20.99%
$48
Min. recommended credit score: 660
Get up to 7,000 welcome points. Get 3,500 points on approval and earn 3,500 bonus points when you spend $500 in your first 3 months.
BMO eclipse rise Visa Card
25,000
Up to 5 points per $2 spent
20.99%
$0
Min. recommended credit score: 660
Earn up to 25,000 bonus points.
BMO Preferred Rate Mastercard
0.99% rate on balance transfers for 9 months
N/A
13.99%
$0 annual fee for the first year ($29 thereafter)
Min. recommended credit score: 660
Get a rate of 0.99% on balance transfers for 9 months with a 2% transfer fee. Plus, get the $29 annual fee waived in the first year.
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