When it comes to managing everyday expenses and reducing the cost of borrowing, having the right credit card makes a significant difference. The MBNA True Line® Mastercard® stands out in the Canadian market as a reliable and cost-effective choice, especially for those seeking a card with low interest and practical balance transfer features.
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With no annual fee and a remarkably low standard interest rate, this card has attracted attention from savvy consumers and earned multiple awards across Canada. Whether you’re looking to transfer a balance, finance a larger purchase, or simply keep your credit card costs under control, the MBNA True Line Mastercard is a powerful tool worth considering.
Essential details about the MBNA True Line® Mastercard®
The MBNA True Line® Mastercard® is tailored for Canadian residents who prefer financial flexibility and smart interest management. One of the most appealing aspects of this card is the 0% promotional annual interest rate (AIR) for 12 months on balance transfers made within 90 days of opening the account. This offer gives cardholders the opportunity to consolidate higher-interest credit card debt and save significantly on interest charges during the introductory period.
Beyond the welcome offer, this card boasts a standard purchase interest rate of just 12.99%, which is significantly lower than many typical credit cards in Canada. This makes it an ideal option for people who sometimes carry a balance from month to month and want to avoid high interest charges.
There is also no annual fee, meaning you can enjoy all its advantages without paying just to keep the card active. For those who occasionally use cash advances, it’s important to note that the interest rate for cash advances is 24.99%, which is quite standard among most credit cards.
Additional perks include the MBNA Payment Plan, which allows users to split eligible purchases of $100 or more into monthly payments over 6, 12, or 18 months, subject to applicable fees. This feature can help you better manage large expenses while avoiding the accumulation of regular interest.
Qualification requirements
To apply for the MBNA True Line® Mastercard®, there are a few eligibility criteria that you must meet. First and foremost, you need to be a Canadian resident and have reached the age of majority in your province or territory. This means you must be legally considered an adult where you live in Canada, which is either 18 or 19 depending on the region.
There are no specific income thresholds or credit score requirements publicly disclosed by MBNA, but like most credit cards, approval is subject to a standard credit evaluation. If your credit history is in good standing and you have a stable financial background, your chances of approval are typically strong.
This card does not cater specifically to students or newcomers to Canada, so having some existing credit history will likely be helpful. Additionally, all applicants must provide personal identification and contact information during the application process.
Benefits and advantages
The MBNA True Line® Mastercard® offers a suite of practical benefits designed for everyday spending and financial efficiency. Here are some of the top perks of holding this card:
- 0% Balance Transfer Offer
For the first 12 months, you can take advantage of a 0% interest rate on balance transfers made within 90 days of account opening. This helps reduce existing debt faster and with no interest during the promotional period. - No Annual Fee
With no cost to keep the card, it’s a budget-friendly option for long-term use, whether you use it regularly or just for emergencies. - Low Standard Interest Rate
At just 12.99% for purchases, this rate is lower than most credit cards in Canada, helping you save money when balances aren’t paid off immediately. - MBNA Payment Plan
For purchases of $100 or more, you can split payments over 6, 12, or 18 months and better control your monthly budget, instead of paying it all at once. - Free Additional Users
You can add up to nine authorized users at no extra cost, which is perfect for families who want to manage household expenses under one account. - Apple Pay Integration
MBNA cards work seamlessly with Apple Pay, giving you a fast and secure way to make payments using your iPhone or other Apple devices. - Direct Fund Transfers to Chequing
Need immediate cash? You can use your card’s available credit to transfer funds straight into your chequing account, adding an extra layer of financial flexibility. - Strong Security Features
MBNA takes privacy and security seriously. They implement robust measures to protect your personal and financial data from fraud or theft. - Award-Winning Recognition
This card has been recognized multiple times, including awards from creditcardGenius and RATESDOTCA for best balance transfer and low-interest credit card in Canada in 2024 and 2025.
Each of these features is crafted to provide real value, whether you’re trying to pay off existing debt or simply want a low-cost, dependable card to use regularly.
How to apply for the MBNA True Line® Mastercard®
Applying for the MBNA True Line® Mastercard® is simple and secure. Everything can be done online through MBNA’s official website. Once you’ve landed on the application page, you’ll be prompted to fill out a form with your personal and financial details, such as your name, address, employment status, and annual income.
Before submitting your application, MBNA will inform you of the terms and conditions and obtain your consent for a credit check. This step is necessary to evaluate your creditworthiness and determine whether you qualify for the card. If approved, you’ll receive your new card by mail within a few business days.
MBNA also provides helpful resources on its site, such as the payment plan calculator and a balance transfer savings tool, which can help you better understand the financial benefits of the card before or after applying.
The online application system is designed to be user-friendly and secure, so you don’t have to worry about the safety of your information. In case you have any questions during the process, MBNA offers easy access to customer support through their website and phone channels.
Conclusion
The MBNA True Line® Mastercard® offers a unique blend of affordability and practical tools, making it a top contender for Canadians seeking to take control of their credit. Whether you’re looking to pay off existing balances or reduce the cost of carrying occasional debt, this card provides a competitive solution without charging an annual fee. With its award-winning status and customer-friendly features, it’s easy to see why this card continues to be recognized as one of the best low-interest options in the country.
