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MBNA True Line Mastercard

MBNA True Line Mastercard

Reviewed by Jen, founder of MoneyMint · Updated September 25, 2026

MBNA True Line Mastercard
MBNA (a division of The Toronto-Dominion Bank)Low Interest Rate

MBNA True Line Mastercard

Our take: a no-fee card built around a 12.99% purchase rate rather than rewards — worth a look if you sometimes carry a balance.

#2 Balance transfer

Welcome bonus0% interest for 12 months on balance transfers
Apply on MBNA’s site →

  • Goes straight to MBNA
  • Our review

The MBNA True Line Mastercard is a no-frills, low-interest card built for one job: carrying a balance affordably. Its 12.99% fixed purchase rate is well below the 20%+ range typical of rewards cards, and new cardholders get a 0% promotional rate on balance transfers for 12 months. There’s no rewards program and no annual fee, which makes this a straightforward pick for anyone prioritizing a low ongoing rate over points or cash back. This is MoneyMint’s first MBNA-issued card review; MBNA operates as a division of TD Bank in Canada but issues cards under its own brand.

4.8out of 5

MoneyMint rating

#1 of 7 low-interest and no-rewards cards · How we rate

Rewards value
0/10
Insurance
4/10
Flexibility
4/10
Welcome bonus
0/10
Fee value
10/10
Perks
0/10

Rate-first card

Not built for rewards, so the score leans on interest rate, fees and insurance. Find the right fit for you →

At a Glance

Annual Fee

$0

Balance Transfer Offer

0% for 12 monthsOn transfers completed within 90 days of account opening

Rewards

NoneThis is a low-rate card, not a rewards card

Purchase APR 12.99%

Pros & Cons

Pros

  • Low fixed 12.99% purchase APR, well below typical rewards-card rates
  • 0% promotional rate for 12 months on balance transfers made within 90 days
  • No annual fee for the primary cardholder or up to 9 authorized users
  • No minimum income requirement
  • Mastercard Zero Liability fraud protection
  • Avis/Budget car rental discounts

Cons

  • No rewards program of any kind — no points, no cash back
  • 24.99% cash advance APR, much higher than the purchase rate
  • 3% balance transfer fee applies even during the 0% promo period
  • Promotional balance-transfer rate can end early if a payment is missed
  • No purchase protection, extended warranty, or travel insurance benefits
  • Balance-transfer promo and possibly the entire no-fee product may not be available to Quebec residents

Rewards & Earn Rates

Purchase APR12.99%Fixed, ongoing
Cash Advance APR24.99%
Balance Transfer APR17.99%After the 12-month 0% promo ends
Foreign Transaction Fee2.5%Not confirmed on MBNA’s marketing page; standard Mastercard Canada rate
Best for paying down debt affordably, not for earning rewards

Who It’s For

Best for

  • Anyone carrying a balance who wants a low fixed interest rate
  • Cardholders consolidating higher-rate debt via the 12-month 0% balance transfer offer
  • Applicants without a minimum income who still want a mainstream low-rate card

Not ideal for

  • Anyone who pays their balance in full monthly and could earn cash back or points elsewhere instead
  • Cardholders who want purchase protection, extended warranty, or travel insurance
  • Quebec residents, where availability of the no-fee product and its balance-transfer promo is unclear
IssuerMBNA (TD Bank division)
NetworkMastercard
Annual Fee$0
Min. IncomeNone stated
Foreign Transaction Fee2.5% (est.)
MoneyMint rating4.8 / 5

Apply on MBNA’s site →

This link goes directly to MBNA’s official page. MoneyMint doesn’t currently have a paid partnership for this card, so this isn’t a monetized recommendation.

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Further Reading

4.8MoneyMint rating

MBNA True Line Mastercard

Low-rate card · No annual fee

Apply on MBNA’s site →Find a better fit

J

Jen, founder of MoneyMint

Reviewed by Jen. Every figure on this page was checked against MBNA’s official card page on September 25, 2026. How we rate cards →

This is general information, not personalized financial advice — consider your own spending habits and consult a professional for decisions specific to your situation. Rates, fees, and offers are set by MBNA (a division of The Toronto-Dominion Bank) and can change without notice; always confirm current terms on the issuer’s official page before applying.

Frequently Asked Questions

Does the MBNA True Line Mastercard have an annual fee?

No — it’s a $0 annual fee card for the primary cardholder and up to 9 authorized users.

What is the interest rate on the MBNA True Line Mastercard?

A fixed, ongoing purchase APR of 12.99% — this is a standing low rate, not a temporary introductory offer. Cash advances are charged separately at a higher rate.

Does the MBNA True Line Mastercard earn rewards or points?

No. This is a low-interest-rate card with no rewards program — its main feature is the fixed low APR, not cash back or points.

Does the MBNA True Line Mastercard have a balance transfer offer?

Yes — a 0% promotional interest rate for 12 months on balance transfers completed within 90 days of account opening. A balance transfer fee still applies, and the rate reverts to the standard balance transfer APR after the promo ends.

What credit score do you need for the MBNA True Line Mastercard?

MoneyMint’s research places the recommended credit score in the “Fair” range as a general guideline, since MBNA doesn’t publish an exact minimum score.