MBNA True Line Gold Mastercard®

MBNA True Line Gold Mastercard®: interest rates, available limits, cashback and bonuses. Full conditions for obtaining a credit card online. The procedure for registration and receipt online or at a bank branch. Features.

About MBNA True Line Gold Mastercard

MBNA True Line Gold Mastercard is designed for those who need a helpful tool for making money transfers without difficulties. This credit card has one of the lowest interest rates on balance transfers among similar ones and also provides customers with several additional perks and services. However, it still comes with an annual fee. 

MBNA True Line Gold Mastercard features

Before applying for the MBNA True Line Gold Mastercard, you must note that it has an annual fee of $39, and no rewards or cash back are offered. However, besides low-interest rates, you will be offered many additional options. For example, this credit card gives you access to purchase assurance services. In addition, it covers most items purchased with your credit card for the first 90 days from the date of purchase, but this service is not endless, as your lifetime total accumulative limit is $60,000 per account. Moreover, MBNA may extend the original manufacturer’s warranty for up to one additional year on most new purchases made with this card. Also, you will have a trip assistance and legal assistance package that includes support for Lost Document and Ticket Replacement, Lost Luggage Assistance, Pre-trip Information, and Legal Assistance. Finally, some discounts on rental cars are offered: a minimum of 10% off the base rates in Canada and the U.S., and a minimum of 5% off the base rates internationally, on qualifying car rentals at participating Avis and Budget locations. In general, there are seven types of insurance coverage options: 

  • Extended Warranty for one year;

  • Purchase Protection for 90 days;

  • Travel Accident coverage of $500,000;

  • Trip Interruption coverage of $2,000;

  • Rental Car Theft and Damage protection;

  • Rental Car Accident coverage of $200,000;

  • Rental Car Personal Effects coverage of $1,000. 

What is more, interest rates are lower than usual. For example, the standard interest on money transfers, purchases, and access cheques is 8,99%, but the cash advances rate is still relatively high: 24,99%. 

In addition, you will not be provided with any transfer offers, as for the standard MBNA True Line Mastercard. 

On the other hand, the full package of Mastercard services is still included, such as zero liability. Also, MBNA has several services that can be used in emergencies, such as urgent card replacement on a 7-10 day delivery or by courier. 

MBNA True Line Gold Mastercard also has several additional perks, such as:

  • Adding up to 9 authorized users;

  • Apple Pay is applicable;

  • Privacy and security;

  • Online application. 

Pros and cons

Below, you will see all advantages of MBNA True Line Gold Mastercard in summary:

  • Low-interest rates on purchases, balance transfers, and access cheques;

  • Many insurance coverage services are offered;

  • Additional perks such as rental car discounts are included;

  • No income requirements;

  • Online application is simple. 

Nevertheless, MBNA True Line Gold Mastercard has several significant disadvantages, such as:

  • The cash advance interest rate is very high;

  • The annual fee is $39;

  • No welcome offers. 

How to apply for an MBNA True Line Gold Mastercard

Applying for MBNA True Line Gold Mastercard doesn’t require you to visit the company's office. All processes are 100% online, so that you can apply on the company’s website. At mbna.ca, you should find the MBNA True Line Gold Mastercard section and visit it. On the next page, click on the “Apply Now” button. You will be redirected to the application webpage. You first need to investigate all legal disclosures to ensure those fit you. Also, you need to choose your preferred correspondence language. As soon as you have that done, go below and see the application form. Fields that must be filled out are: 

  • Primary Applicant's Information: Your name, home address, housing status, years at current address, monthly payment, years at current address, phone number, and several questions: “Is your mailing address different from your home address?” and “Are you a Canadian resident?”.

  • Personal Information: date of birth, mother’s maiden name, email address, and SIN (optional).

  • Employment Information. In this section, you need to choose your employment status, and depending on it, you will be asked to provide the required information. 

Afterward, you will be offered to add an authorized user and request a balance transfer. Both options are not obligatory, so that you can skip them. In the end, you will be offered to enroll in a payment protection plan, and if you are interested in it, you will need to put a tick into the required box. Finally, you will need to click on the “Review your application” button, and the application will be made.

Am I eligible for an MBNA True Line Gold Mastercard? To qualify for MBNA True Line Gold Mastercard, you don’t have to meet some strict requirements. However, you must be a Canadian resident, be over the age of majority for your province and have a credit score over 660.
Does MBNA offer any welcome bonuses? Unfortunately, this credit card has no welcome offers as the standard MBNA True Line Mastercard. You will have the same conditions from the beginning to the expiration of the card.
What are the minimum income requirements?

MBNA doesn’t have minimum income requirements for True Line Gold Mastercard applicants. However, you only need to have a good credit score and be a resident of Canada to be approved. 

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Last update 01.12.2022