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MBNA True Line® Gold Mastercard®

MBNA True Line® Gold Mastercard®

This offer is not available for residents of Quebec.

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Network Provider
Mastercard
Provider
MBNA
Types
Low Interest
Balance Transfer
Annual fee
$39
Purchase interest rate
8.99%
Cash advance rate
24.99%
Balance transfer rate
8.99%
Credit Needed
Good (650-749)

Card description

  • $39 annual fee
  • Standard Annual Interest Rates of 8.99% on purchases, 8.99% on balance transfers✪ and access cheques, and 24.99% on cash advances
  • A suite of comprehensive insurance**
  • Around-the-clock-fraud protection
  • Access to 24/7 customer service

Card Features

  • 24/7 Customer Service
  • Fraud Protection

About This Card

The MBNA True Line Gold Mastercard is a low-interest credit card with an 8.99% rate on balance transfers and a 24.99% rate on cash advances. 

This card carries a fee, although there is a no-fee version called the MBNA True Line Mastercard. The difference is the Gold version offers one of the best interest rates in the market: 8.99% versus 12.99% for the no-fee card.

The annual fee clocks in at $39. For that price, though, you get a card that has an impressively low purchase interest rate, a totally unique welcome offer, and robust insurance coverage.

There are, however, a few extra fees consumers need to consider before applying for the MBNA True Line Gold Mastercard.

Since MBNA is owned by TD Bank, consumers who have credit card debt on a TD-issued credit card cannot transfer their balance onto their new MBNA card. There’s also a transaction fee equal to 3% of the dollar amount of each of your balance transfers (yes, you can transfer more than one balance!). A minimum fee of $7.50 also applies for each balance you transfer. This applies to the no-fee version as well.

The interest rate for access cheques is 8.99% and cash advances are 24.99%.

Why get the MBNA True Line Gold Mastercard?

Low annual fee - For $39 a year, cardholders have access to some of the lowest interest rates in the Canadian credit card marketplace.

Low interest on purchases and balance transfers - While some credit lenders charge significantly more interest on certain transactions, the MBNA True Line Gold Mastercard has a flat interest rate for most transactions: 8.99% on all purchases and access cheques. The rate on cash advances is 24.99%.

Enhanced insurance coverage and customer service - MBNA's comprehensive suite of insurance benefits covers cardholders in a multitude of scenarios, be it identity or credit card theft, the unexpected death of an immediate family member, or serious injury in a rental car. 

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✪ 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). **Coverage is underwritten by Allianz Global Risks US Insurance Company (Canadian Branch) and/or American Bankers Insurance Company of Florida. Certain limitations and exclusions may apply to this benefit and others described in the certificate of insurance sent soon after your Account is opened. The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank.