MBNA True Line® 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
10 Months
Purchase Interest Rate
Annual Fee
Recommended Credit Score
740 850 670 739 580 669 0 579
Standard Annual Interest Rates of 12.99% on eligible purchases, 12.99% on balance transfers✪and access cheques, and 24.99% on cash advances. You could get a 0% promotional annual interest rate (“AIR”)† for 10 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).

The MBNA True Line Mastercard is aptly named, rescuing cardholders with an effective combination of a low balance transfer rate, low purchase rate, and no annual fee. Even after the promotional balance transfer interest rate ends, it only increases to about half of what any standard card charges, offering an opportunity for those who need to escape interest on existing, but also ongoing balances. For cardholders that have a hefty outstanding balance—or many of them—the chance to dramatically reduce their interest payments is a true saving grace.

Balance Transfer Promotion

The promotional balance transfer rate from the MBNA True Line Mastercard is the most competitive in Canada, charging 0% interest for 10 months. This rate applies to all balances that are transferred over during the first 90 days after the account is opened.

As with all balance transfer credit cards, the transfer interest rate does jump up after the promotion period ends, though not as significantly as it does for most cards. Instead of 20% or higher, the rate on balance transfers is increased to 12.99%, which matches the card’s interest rate on purchases. This means that if a cardholder can’t pay off their entire balance in months, they won’t be penalized as harshly as they would otherwise. They’re also free to use the card on everyday purchases without undue worry.

Other Notable Features

  • $0 annual fee
  • 12.99% rate on purchases and access cheques
  • 24/7 customer support
  • Constant fraud defense

The absence of any annual fee is a perk that runs parallel with the low interest rate benefits, in that it works to actively reduce the money coming out of a cardholder’s pocket.

The competitive 12.99% interest rate on purchases is forgiving for those who may carry balances from month to month. It also combines well with the default interest rate of 12.99% on balance transfers, because new transfers, remaining old transfers, purchases, and access cheques all accrue interest at the same rate.

MBNA links True Line cards to its fraud protection service, which keeps an eye out for suspicious activity and actively works to halt fraud in its tracks.

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?

The True Line is ideal for those without a high income or credit score, and who need relief from older and ongoing debts. People with multiple credit cards, loans, or lines of credit can utilize the card’s balance transfer feature to escape compounding interest and then continue to use the card for their daily purchase needs without the same massive interest penalty as with other cards.

MBNA Legal Footnotes:
† Promotional Rates: Balance Transfers: 0%
This Promotional Rate applies to any balance transfers made within 90 days of your account opening (each, an “eligible transaction”) and will remain in effect for 10 Statement Periods from the transaction date of each eligible transaction. The Promotional Rate will increase and the remaining balance of the eligible transaction will become subject to the Standard Rate for balance transfers either: (1) on the first day of the first Statement Period that occurs after the expiry of the Promotional Rate; or (2) on the first day of the second Statement Period following any late Minimum Payment.
Standard Rates: Purchases: 12.99%
Balance transfers and access cheques: 12.99%
Cash advances: 24.99%
Default Rates:
If your Minimum Payment is late twice within any [12] consecutive Statement Periods (the “change event”), the Standard Rate(s) that apply to your account at that time will increase to the following new Standard Rate(s):
Purchases: 19.99%
Balance transfers and access cheques: 21.99%
Cash advances: 24.99%
The new Standard Rate(s) will apply on the first day of the second Statement Period following the change event.
If you then pay each Minimum Payment on time for [12] consecutive Statement Periods (“cure period”), the new Standard Rate(s) will decrease to the Standard Rate(s) that applied on your account at the time of the change event. Such rates will apply on the first day of the first Statement Period that occurs after the cure period.
✪ Balance transfers will be fulfilled in the order listed and are treated as balance transfers in accordance with your Account Agreement. The total value of balance transfers cannot exceed your authorized credit limit. If the value is greater, MBNA may send a partial payment to the named creditor/designated account. THERE WILL BE A TRANSACTION FEE EQUAL TO 3.00% OF THE DOLLAR AMOUNT OF EACH BALANCE TRANSFER INITIATED WITH THIS APPLICATION. A MINIMUM FEE OF $7.50 WILL APPLY TO EACH BALANCE TRANSFER TRANSACTION. A balance transfer may not be used to pay off or down your account balance or any other balances with us (including our affiliates, which would include any member of the TD Bank Group). The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank.
Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply” button.