MBNA True Line Gold Mastercard review
- Welcome Offer
- N/A
- Rewards
- N/A
- Annual Fee
- $39
- Purchase Interest Rate
- 10.99%
- Cash Advance Rate
- 24.99%
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Summary
Pay an ultra-low interest rate on your outstanding balance and get a 13.99% balance transfer rate.If you're trying to consolidate your debt or want to lock in a low-interest rate on your outstanding balance, you might benefit from the MBNA True Line Gold Mastercard
The MBNA True Line Gold Mastercard offers a low 13.99% interest rate on purchases. The downside of this card is that you’ll have to pay an annual fee and you won’t earn rewards or get comprehensive benefits.
30-second take
- Get this card if you want to save money on interest.
- Choose something else if you want to earn rewards or get comprehensive benefits.
- This card doesn’t come with a minimum annual income requirement.
The basics
If you’re trying to consolidate your debt or want to lock in a low-interest rate on your outstanding balance, you might benefit from the MBNA True Line Gold Mastercard.
- Low interest rate. You’ll only have to pay an interest rate of 13.99% on purchases (which is 11% lower than with a typical card).
- Low balance transfer rate. You can get a 13.99% interest rate on balance transfers (though you’ll have to pay a 3% transfer fee).
- Free additional cards. You’ll be able to order up to 9 additional cards at no extra fee.
- Purchase assurance. Most items you buy on your card are protected against loss and damage for up to 90 days
- Extended warranty coverage. You’ll get double your manufacturer’s warranty on consumer goods (up to 1 year) when you purchase them with your card.
The perks
- Enhanced security. Purchases are protected by security features like PIN-protected microchips and online fraud prevention mechanisms.
- 24/7 support. MBNA offers customer support at any time of the day or night to help you troubleshoot issues with your account.
- Trip assistance. You’ll get support when you travel with lost tickets and luggage assistance, pre-trip information and legal assistance where necessary.
- Easy to qualify. You won’t have to meet any minimum income requirements to qualify for this card.
What to watch out for
- Annual fee. You’ll need to pay an annual fee of $39 to keep your account active.
- No rewards or cashback. You won’t earn any rewards or cashback when you spend money on this card.
- Few benefits. This card doesn’t offer comprehensive benefits like travel insurance, mobile device protection or roadside assistance.
- Balance transfer fee. You’ll pay 3% on any amount you transfer from another credit card (which means a $10,000 transfer will come with a $300 fee).
- High interest on cash advances. The interest rates on cash advances are higher than what you’ll pay with most standard cards.
MBNA True Line Gold Mastercard interest rates
| Interest Type | Interest Rate |
|---|---|
| Purchase interest rate | 10.99% |
| Cash advance rate | 24.99% |
| Standard balance transfer rate | 13.99% |
What should I know before I apply?
How to apply
- Head to the MBNA website to begin your application.
- Complete the application, which includes providing your name, email address, social insurance number and birth date.
- Review and submit your application.
Bottom line
The MBNA True Line Gold Mastercard is a low-interest card that lets you save money on your outstanding balance. The downside of this card is that you won’t get comprehensive benefits or earn rewards for making purchases.
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