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MBNA True Line Mastercard®
Credit cards

MBNA True Line Mastercard®

Updated 01.12.2022

About MBNA True Line Mastercard

MBNA True Line Mastercard is a credit card that makes balance transfers easier than usual. You will have no annual fee on this card, and it will also have some welcome perks that make balance transfers cheaper. In addition, this credit card has one of the lowest interest rates among similar credit cards that can also attract customers.

MBNA True Line Mastercard features

The key feature of MBNA True Line Mastercard is that it is designed for those who need a tool to make balance transfers. If you apply for it, you will receive a welcome bonus: a 0% promotional annual interest rate for 12 months on balance transfers completed within 90 days of account opening. After that period, you will have a 12,99% interest rate on balance transfers and access cheques. Also, you will have the same rate on eligible purchases, but the cash advances rate is much higher: 24,99%. It’s also important to know that taking advantage of the balance transfer promotion is not free. You will be charged a transaction fee of 3% (minimum $7.50) of the dollar amount of each balance transfer that you initiate. Other fees to be aware of are a 2.5% foreign transaction fee and a $29 fee for any statement period when you exceed the credit limit.

MBNA True Line Mastercard has a $0 annual fee.

Moreover, this credit card provides you with several everyday tools such as emergency services, including urgent card replacement on a 7-10 day delivery or by courier. Also, you will have access to several additional services that may help you save money. For example, you are offered a discount on rental cars by Avis and Budget. These are 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.

You can also add more people to your credit card. For example, MBNA allows you to add up to 9 authorized users with no additional annual fee for each added authorized user.

Furthermore, you will be provided the ability to use the MBNA Payment Plan, making it more convenient to pay for large purchases and manage your budget. Pay for eligible credit card purchases of $100 or over by making monthly payments and choose from three Payment Plan terms: 6, 12, or 18 months.

More perks offered to MBNA True Line Mastercard holders are:

  • Credit Line Increase Decisions;

  • Cash Advances;

  • Mastercard Benefits;

  • Apple Pay is applicable;

  • Transfer funds right to your chequing account.

As we see, this credit card doesn’t have a lot of valuable perks and services. The key benefit of MBNA True Line Mastercard is a low money transfer rate and a $0 annual fee. However, you will not receive any cash back or other rewards. Also, there are not so many additional services and discount programs. Moreover, MBNA doesn’t offer insurance coverage options or travel perks such as rental car insurance. 

Pros and cons

We see that MBNA True Line Mastercard has enough strong sides to be a helpful credit tool:

  • No annual fees;

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

  • New users are offered to have 0% on balance transfers for 12 months;

  • Several additional services are included;

  • Customers have a complete package of Mastercard services;

  • MBNA Payment Plan is offered

However, below we will see some drawbacks of MBNA True Line Mastercard:

  • No insurance coverage or travel perks;

  • A poor number of additional perks;

  • The cash advance interest rate is very high;

  • Balance transfer fees will be charged. 

How to apply for an MBNA True Line Mastercard

As for many other credit cards, you can apply for MBNA True Line Mastercard entirely online within several minutes. You should first visit the MBNA website of MBNA and this credit card’s webpage. You need to click on the “Apply Now” button on that page. Next, you will see legal disclosures that must be read with precision, and then you will need to choose your preferred language of correspondence. On the same page, you will see the application form below. 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 Mastercard?MBNA doesn’t have strict eligibility requirements for this credit card. To be approved, you must be a Canadian resident, be over the provincial age of majority, and have a credit score over 660. A minimum income is not required.
Where is this credit card accepted?This credit card can be used anywhere Mastercard is accepted. However, according to some customers’ reviews, it works appropriately only at Amazon. If you use it at the airport or abroad, you may face some troubles.
What is the difference between the MBNA True Line Mastercard and MBNA True Line Gold Mastercard?

There are two critical differences between these credit cards. First, the Gold version has a $39 annual fee, but interest rates are lower: 8,99% on purchases and transfers against 12,99%.


Effective interest rate on the product

8,99% - 12,99%

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