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MBNA True Line Gold Mastercard review

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Updated
MBNA True Line Gold Mastercard
Welcome Offer
N/A
Rewards
N/A
Annual Fee
$39
Purchase Interest Rate
8.99%
Cash Advance Rate
24.99%
All information about MBNA True Line Gold Mastercard has been collected independently by Finder. Finder is not connected with MBNA products, and this page is not sponsored, endorsed or administered by, or associated with, MBNA. All product names, logos, and brands have been used for identification purposes only and are property of their respective owners.

Summary

Pay an ultra-low interest rate on your outstanding balance and get a 8.99% 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

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The MBNA True Line Gold Mastercard offers a low 8.99% 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 8.99% on purchases (which is 11% lower than with a typical card).
  • Low balance transfer rate. You can get a 8.99% interest rate on balance transfers (though you’ll have to pay a 3% 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 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. 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 TypeInterest Rate
Purchase interest rate8.99%
Cash advance rate24.99%
Standard balance transfer rate8.99%

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 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.

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Neo Credit Mastercard
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Get $25.00 + up to 15% cash back
Up to 5% cash back
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Tangerine World Mastercard
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10% cash back
Up to 2% cash back
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Min. recommended credit score: 600
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American Express Cobalt Card
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15,000 points
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Min. recommended credit score: 700
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BMO CashBack Mastercard
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.
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Tangerine Money-Back Credit Card
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.
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RBC Cash Back Mastercard
RBC Cash Back Mastercard
N/A
Up to 2% cash back
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Min. recommended credit score: 650
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RBC ION+ Visa
RBC ION+ Visa
7,000 points
3 points per $1 spent
20.99%
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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.
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BMO eclipse rise Visa Card
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.
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BMO Preferred Rate Mastercard
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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Claire Horwood

Associate editor

Claire Horwood is a writer at Finder, specializing in credit cards, loans and other financial products. She has a Bachelor of Arts in Gender Studies from the University of Victoria, and an Associate’s Degree in Science from Camosun College. Much of Claire’s coursework has focused on writing and statistics, with a healthy dose of social and cultural analysis mixed in for good measure. In her spare time, Claire enjoys rock climbing, travelling and drinking inordinate amounts of coffee. See full profile

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