MBNA True Line Gold Mastercard Review

Welcome to a straightforward, no-nonsense approach to credit with the MBNA True Line Gold Mastercard. 

The MBNA True Line Gold Mastercard sheds the complexity of points and miles to focus on one core benefit: keeping more of your money in your pocket. It’s a transparent and practical choice for gaining control over your finances. 

With this card, you’re not just making purchases; you’re making a strategic decision to minimize your interest costs, which can free up cash flow and help you pay down your balance faster. It’s time to rethink what a credit card can do for your financial health.

CREDIT CARD

MBNA True Line Gold MasterCard

Purchase Assurance Low Rates

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Ways to Benefit: Your Toolkit for Financial Savings

The MBNA True Line Gold Mastercard offers a unique set of benefits centered entirely on saving you money on interest charges and providing essential protections.

1. Exceptionally Low Standard Interest Rate: This is the card’s most powerful feature. With a standard annual interest rate of just 10.99% on purchases, it is significantly lower than the 20% or higher rates found on most rewards cards. 
2. Low Annual Fee: The potential interest savings for those who carry a balance can vastly outweigh this small yearly cost, making it a very smart financial trade-off.
3. Purchase Assurance: Shop with confidence knowing your new purchases are protected. This valuable benefit automatically covers most eligible new items purchased with your card against theft or accidental damage for the first 90 days from the date of purchase.
4. Extended Warranty: Enjoy longer protection on your significant buys. The Extended Warranty benefit automatically doubles the original manufacturer’s written warranty for up to one additional year on eligible items, providing peace of mind and saving you from potential repair costs.
5. Car Rental Discounts: Get on the road for less. As a cardholder, you can save a minimum of 10% off the base rate on qualifying car rentals at participating Avis and Budget locations in Canada and the U.S., and a minimum of 5% internationally.
6. Add Authorized Users: You can add up to 9 authorized users to your account. This is a great way to consolidate family spending, though it’s important to remember that the primary cardholder is responsible for all charges on the account.
7. MBNA Payment Plan: For larger purchases over $100, the MBNA Payment Plan provides a structured way to pay it off. You can choose to pay for eligible purchases in equal monthly payments over a 6, 12, or 18-month term, making budgeting for big-ticket items more manageable (fees apply).
8. Emergency Services: If your card is lost or stolen while travelling, you can get assistance with an emergency card replacement and access to an emergency cash transfer, subject to your available credit.
9. Mastercard Contactless Payments: Enjoy the speed and convenience of tapping to pay at thousands of locations around the world, letting you keep your card in your hands at all times.

Who Can Apply: Eligibility Criteria

The eligibility requirements for the MBNA True Line Gold Mastercard are designed to be accessible to a broad range of Canadians.

• Age of Majority: You must have reached the age of majority in your province or territory. For residents of Barrie, Ontario, the age of majority is 18.
• Canadian Resident: You must be a resident of Canada and have a Canadian credit file.
• No Minimum Income Requirement: This card does not have a stated minimum annual income requirement, making it accessible even if you do not meet the high income thresholds of premium rewards cards.
• Good Credit Score: While no specific number is published, a “Good” credit score is generally recommended for approval. This typically means a score of 660 or higher. MBNA will perform a credit check to assess your creditworthiness.

How to Apply: Your Steps to a Lower Interest Rate

Applying for the MBNA True Line Gold Mastercard is a straightforward online process.

1. Visit the MBNA Website: Navigate to the credit cards section on the official MBNA Canada website.
2. Select the Card: Find the MBNA True Line Gold Mastercard under the “Low Interest” category.
3. Review the Details: Carefully read the card’s features, paying close attention to the interest rates (for purchases, balance transfers, and cash advances), the annual fee, and other terms and conditions.
4. Click “Apply Now”: Begin the secure online application.
5. Provide Your Information: Be prepared to fill out the form with your personal details (name, date of birth, address, SIN), as well as your employment and income information.
6. Consent to a Credit Check: As part of the application process, you must agree to allow MBNA to perform a credit check.
7. Review and Submit: Double-check all your information for accuracy before submitting your application.
8. Await a Decision: You may receive an instant decision online. If not, MBNA will notify you of their decision within several business days.

Frequently Asked Questions (FAQ)

1. What is the primary benefit of this card?
   Its main benefit is the very low standard annual interest rate of 10.99% on purchases, which can save you significant money if you carry a balance.
2. What is the annual fee?
   The annual fee for this card is $39.
3. Does this card earn cash back or points?
   No, the MBNA True Line Gold Mastercard does not have a rewards program. Its value comes from interest savings.
4. What is the interest rate for a balance transfer?
   The standard interest rate for balance transfers is 13.99%. Promotional offers may sometimes be available.
   

CREDIT CARD

MBNA True Line Gold MasterCard

Purchase Assurance Low Rates

APPLY NOW You will be redirected