MBNA True Line® Gold Mastercard® Credit Card Review

This offer is not available for residents of Quebec. For residents of Quebec, please click here.

Balance Transfer Intro Rate
+ 3% transfer fee (min fee $7.50)
Balance Transfer Intro Rate Duration
6 Months
Purchase Interest Rate
Annual Fee
Recommended Credit Score
740 850 670 739 580 669 0 579
Standard Annual Interest Rates of 8.99% on purchases, 8.99% on balance transfers✪and access cheques, and 24.99% on cash advances. You could get a 0% promotional annual interest rate (“AIR”)† for 6 months on balance transfers✪ completed within 90 days of account opening, with a fee of 3% of the amount advanced (minimum fee of $7.50)

MBNA has retired its popular Platinum Plus Mastercard, but has introduced two excellent balance transfer credit cards to take over in its absence. Of the two, the MBNA True Line Gold Mastercard offers a better balance transfer promotion and more favourable interest rates overall, though unlike the other True Line card it does come with a $39 annual fee.

Balance Transfer Promotion

The main reason to seek out a balance transfer card is its favourable balance transfer interest rate, which provides shelter from regular credit card interest rates—typically 20% or more. The True Line Gold offers a 0% balance transfer rate for 6 months, available on all balance transfers made within 90 days of the account opening. This is the only true 0% balance transfer deal in Canada currently, and it’s only available to those that sign up by This offer is not available for residents of Quebec. For residents of Quebec, please click here. Prospective cardholders should know that there is a 3% fee for each balance transfer, though this will be a small price to pay relative to the massive amount saved on interest during the promotional period.

Aside from the 0% promotional rate, the True Line Gold also shines compared to its competition in its attractive post-promotional interest rates: unlike most balance transfer cards, the balance transfer interest rate doesn’t jump up to an astronomical level after the 6-month promotion is over. After the 0% rate has ended, it will increase to a very reasonable 8.99%.

Other Notable Features

  • 8.99% interest rate on purchases and access cheques
  • Annual fee of $39
  • 24/7 customer service
  • Proactive fraud protection

Aside from balance transfers, the MBNA True Line Gold Mastercard offers an equally attractive interest rate on purchases—8.99%. This is a very rare feature for balance transfer cards: cardholders can not only consolidate debt and avoid high interest on it, but they can also use the card for their everyday purchases and not be harshly penalized. However, they should be cautioned to at least make the minimum payment each month. If a cardholder misses his or her minimum payment twice, interest rates on the card increase to what they’d otherwise look like on a standard credit card.

MBNA provides constant access to customer service via phone and email, so any issues that a cardholder encounters during their transfers or daily use can be addressed immediately. They also offer all cardholders around-the-clock protection from fraud, a service similar to those that scan statement entries in real time and warn cardholders of suspicious activity.

MBNA True Line® Mastercard Rates

CardPurchase RateCash Advance RateBalance Transfer Rate
MBNA True Line® Mastercard®12.99%24.99%12.99%
MBNA True Line® Gold Mastercard®8.99%24.99%8.99%

Who’s the Card For?

Those who are trying hard to reduce their credit card debt will naturally be averse to the idea of paying a $39 annual fee. In this case, they might instead be drawn to a no-fee balance transfer card, like the MBNA True Line Mastercard. But before making that choice they should consider the very likely possibility that the lower interest rates of the Gold card will end up saving them far more than $39 in the long run.