The MBNA True Line Mastercard offers a competitive interest rate on balance transfers and purchases. Plus, this card has no annual fee and is available to all Canadian residents.

This card offers 0% interest on balance transfers for the first 12 months and a low purchase interest rate of 12.99%.

With this card, you can add up to nine authorized users for no additional fee. Therefore, your family members and friends can take advantage of the card to improve their credit scores.

Find out more about MBNA True Line® Mastercard® in this review.

The MBNA True Line Mastercard Credit Card At A Glance

• No annual fee
• A low 12.99% standard annual interest rate on purchases
• 0% interest on balance transfers for the first 12 months
• 10% discount on eligible car rentals at AVIS and Budget
• 24.99% interest rate on cash advances

MBNA True Line Mastercard Benefits

1. Low standard interest rate

MBNA True Line® Mastercard® offers an annual interest rate of 12.99% on purchases. And this makes the card one of Canada’s best low interest credit cards. 

2. 0% balance transfer promo

One of the key selling points of the MBNA True Line® Mastercard would be its balance transfer offer. This card offers a promotional annual interest rate of 0% for 12 months on balance transfers. The promotional rate ends after 12 months, and the balance transfer rate increases to 12.99%, which is still relatively low.

3. Car rental discounts

Enjoy discounts on car rentals at participating Avis Rent A Car and Budget Rent A Car locations.

Using this card to rent a car from participating Avis and Budget locations will give you a discount of at least 10% off the base rental rate in Canada and the United States. And you can save a minimum of 5% internationally at participating locations.

Downsides of MBNA True Line Mastercard

However, you should be aware that cash advances can come with an interest rate as high as 24.99%. Moreover, this card does not offer rewards or rewards points. Consider getting one of Canada’s best travel rewards credit cards or one of Canada’s best cash back credit cards instead if that interests you. Also, there are no insurance benefits.

MBNA True Line Mastercard Fees and Interest Rates

MBNA True Line® Mastercard®has a promo for balance transfers and offers a low purchase interest rate. And best of all, it does not charge an annual fee.

Although the card offers a low interest rate on purchases and balance transfers, its cash advance interest rate of 24.99% is quite high. So it’s best not to use it for cash advances. In general, it is not advisable to use credit cards for cash advances since interest accrues immediately upon use. Other fees to be aware of include a 2.5% foreign transaction fee and a $29 fee if you exceed your credit limit in any statement period. 

In conclusion

The MBNA True Line® Mastercard® is an excellent choice for those who tend to carry a credit balance every month. If you are carrying a balance on your credit card, you have the flexibility to pay it off sooner without incurring an expensive interest rate. MBNA True Line® Mastercard® credit cards don’t charge annual fees, so it is easily accessible for many Canadians. Be careful not to accumulate excessive debt with it.