MBNA
Take control of your finances with 0% interest on balance transfers for 12 months, a low 12.99% standard rate, and $0 annual fee.
The MBNA True Line Mastercard® stands out among Canadian credit card offers for one big reason: it features a 0% promotional annual interest rate on balance transfers for a full 12 months. You can consolidate and pay down existing credit card debt without new interest piling up. The card also comes without an annual fee, so your savings are maximized there as well. Its standard purchase interest rate is a competitive 12.99%, which is lower than the market average.
How to Apply for the MBNA True Line Mastercard®
- Check if you meet the eligibility requirements, including a minimum credit score of 660.
- Prepare your identification and financial details before starting your application.
- Visit the provider’s website and complete the online application in minutes.
- Submit your application and review approval status, often within a few business days.
Key Benefits
The headline benefit is the 0% interest on balance transfers for 12 months. This feature can save you hundreds on interest, especially if transferring a large balance. Even after the promotional period ends, the card’s low 12.99% standard purchase interest remains attractive for ongoing use. There is no annual fee, making it ideal for budget-conscious consumers who want to save on every dollar spent.
Additionally, the card comes with around-the-clock fraud protection and uses recycled plastic for its construction, combining convenience with environmental responsibility.
Posibles inconvenientes
While the MBNA True Line Mastercard® is generous with its promotional rate, it does not include many extra perks or insurance coverages commonly found on premium cards. There are no points or cashback rewards.
Furthermore, this specific offer is not available for Quebec residents, which restricts applicability for some Canadians. Applicants should also be aware of the 3% transfer fee for balance transfers under the promotion.
Verdict: Should You Get the MBNA True Line Mastercard®?
The MBNA True Line Mastercard® is perfectly suited for anyone looking to pay off high-interest credit card debt, thanks to its 0% introductory balance transfer offer and no annual fee. If rewards are not your priority and your main focus is saving money on interest, this card is a strong choice.
