Annual Fee

$0

Interest on Purchases

12.99%

Interest on Cash Advances

24.99%

Interest on Balance Transfers & Access Cheques

12.99%

Canada’s Best Promo

Get a $0 APR promotional balance transfer rate for the first 12 (twelve) months. A balance transfer fee applies.

Eligibility Requirements:

 

You are a Canadian resident and are of the age of majority in your province/territory of residence.

18 Years Old – Alberta, Manitoba, Ontario, Prince Edward Island, Quebec and Saskatchewan
19 Years Old – British Columbia, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, and Yukon

Lifestyle Photo Skiing 2 Women

Welcome Offer

Get a $0 APR promotional balance transfer rate for the first 12 (twelve) months and watch your interest fee’s disappear!

 A balance transfer fee applies.

Eligibility Requirements:

 

You are a Canadian resident and are of the age of majority in your province/territory of residence.

18 Years Old – Alberta, Manitoba, Ontario, Prince Edward Island, and Saskatchewan
19 Years Old – British Columbia, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, and Yukon

Use your MBNA Mastercard at Avis and Budget for 10% Instant Savings

Take a Sneak Peak

  • Annual Fee$0
  • Annual Percentage Rate – 12.99% on all purchases
  • You could save on interest when you use our welcome offer to transfer a balance from a higher interest rate account.
  • Welcome offer: You could save on interest with a 0% promotional annual interest rate on balance transfers for the first 12 months, for transfers completed within 90 days of account opening. A 3% fee applies (minimum fee of $7.50 CAD). Limited Time Offer. Expires February 29, 2020.
  • Use available credit on your credit card to transfer funds right to your chequing account.
  • Add up to 9 authorized users with no additional annual fee for each added authorized

Use your MBNA credit card to save 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.

 You can reserve your Avis or Budget car rental online and charge the full rental to your MBNA credit card.

Features Include Trip Assistance Which Provides Support For The Following 

Missing Baggage Icon
Missing Passport Icon

 Lost Luggage Assistance

Pre-trip Information and Legal Assistance.

Lost Document and Ticket Replacement

The Skinny on the MBNA True Line Mastercard : Could this be the best Balance Transfer Card in the True North Strong and Free?

Written by :                                                                                                                   

Anders Douglas

Anders is a freelance journalist with a bachelors in finance from Dartmouth, Nova Scotia. Writing for those who have interest in saving face. Seriously, no pun intended, right?

Posted January 14, 2020

Red and White Flag Canadian PIggy Bank
So you’ve got the Credit Card Debt blues eh? High interest rates & a hefty balance got your head spinning? You might as well grab a bucket to dump your hard earned money into and sprinkle it with some zippo lighter fluid while you’re at it. I’ll supply the match. It feels that way, doesn’t it? But you don’t have to burn your money away. At some point you got a little irresponsible with your cashflow didn’t you? Hey! I’m not judging. Man, I’ve been there before. Several times in fact… During University. Yup. First job after University as a junior copywriter. Yup, Yup. Second job as an editorial assistant. Yup Triplified But back then things were quite different and we didn’t have the same options we have today. Ready? Time to catch our breath. If you keep things simple – approach it with sensibility and apply some moderate intellect – then you might be surprised how easily you can slip out from under that force that has you pinned down. That force, wrestling you down on the matts, like the big kid in gym class. That bully is what we call Compounded Interest.
Simple Interest Graph

The Remedy

What you need is a card that will help you muscle your way out of that stronghold. From the standard 19.99% APR’s and higher. Because those cards will keep you pinned down as long as they possibly can. Thats what they were built for.

One great option is to reduce – or if possible completely remove your interest from the equation – by unloading as much of your balance from one card with a standard high rate, onto another card with a substantially lower rate.

Enter the MBNA True Line Mastercard. With an enticing promotional offer at 12 months. 0% interest.

This is how a balance transfer should look and TD knows it. Nobody can compete with this offer in the Canadian market today.

Save Your Money. Period.

As far as Best Balance Transfer Cards go, at the moment. this baby is number one.

So let’s take a look and I’ll show you what I’m talking about.

What's Under The Hood

So how is this card going to help me save money?

Reason # 1

Ok, let’s start with the big selling point. 0% APR on all balance transfers. Yes, this really does means no interest accrues on all eligible transfers. That’s potentially a lot of money saved!

Reason # 2

All balances that are transferred to this card from another card, will be eligible to take advantage of paying aforementioned 0% APR for 12 Months. Thats one (1) whole calendar year. It’s a thing of beauty.

– Pro Tip –

To be eligible, all transfers have to be made within 90 days of the account being opened. So for example, if your application is approved on Jan 1 2020 – and accounting for the leap year – then you have until March 30, 2020. Not March 31st! All you kiddies out there, be sure to keep that in mind.

Reason # 3

There is no annual fee on this card. Great big zero zilch, nada. This is of course, is another area in which you are savings money in the short game, and overall.

This is what I like to call the triple threat.

  • $0 Annual Fee
  • 0% Balance Transfer A.P.R
  • 12 Months Long on Balance Transfer

What I Don't Like

Interest on cash advances is a bit on the steep side at 24.99%.

However, consider the facts. This card’s primary purpose is to help you get ahead of your looming interest rates from other banks.