MBNA True Line Mastercard
The card charges half of what traditional cards charge for purchases and balance transfers. For cardholders with hefty outstanding balances (many of them), the ability to reduce their interest payments is a real saving grace. The MBNA True Line is the number one card for customers with balance transfers along with the $10 monthly 0% to 1% transfer fee, no annual fee and 90 days to complete as many transfers as you like. The transfer period is particularly important for certain balance transfers eligible for the full 10-month settlement period. In addition, the average 0% interest rate means that this is an excellent target for transferring debt from a current balance transfer card (which varies depending on the offer and expiration date).
Unlike traditional annual purchases, the interest rate is fixed and does not fluctuate depending on your credit rating or the bank’s “prime lending rate, so that you do not miss your minimum payment. If you are in balance sheet status, interest will be charged on new purchases on the day of purchase.
You pay $899 to $1,299 for the standard card. If you need a cash advance, you’ll have to pay $2,499, so it’s best to avoid it if you can.
Compared to the $19.99 that many other cards charge, this card saves you money in interest and fees. The interest rate on purchases is only 1.99%, so make sure you don’t use this card for purchases unless you already have a balance on the card.
The annual fee on cards is one of the lowest fixed rates in the country on purchases, which is a huge plus if you carry a balance from month to month. No annual fee to compete with the lower APR cards, which charge annual fees of 20% to 50%. Your annual fee of $39.00 will be shown on your first statement after opening your account. If the application has been approved and your card (and other credit devices) are activated, not on your anniversary.
To transfer balances from inactive accounts to purchased accounts, including optional balance protection, premium adjustment payments, refunds, cash advances, balance transfers, access to checks, requests for additional copies of statements, sales drafts, credit refunds and inactive accounts.
The MBNA True Line (r) Mastercard credit card offers a low transfer rate, no annual fee and a low purchasing rate. Despite its name, the True Line is designed to save cardholders from high-interest rates. In addition, customers can transfer their balances from the three other cards to pay off debts that do not exceed their credit limit.
This allows you to save money when you use the card to end up with more money in your pocket. You will also place large purchases on the card and have enough time to withdraw them.
If you’re the kind of person who wants to dig out of credit card debt, there are other options you should consider when switching to a low-interest credit card. For example, you can pay less interest if you use a card like the MBNA Trueline Mastercard. Unfortunately, the space for low-interest credit card transfers is tight, and MBNAs “credit cards face intense competition.
Another MBNA True Line collection option is the Gold Mastercard, which offers $8.99 for purchases and transfers. In addition, it lowers the interest rate on the True Line Mastercard by another 4% and incurs an annual fee of $39. If you’re looking for a fee-free, low-interest credit card for everyday purchases and ultra-low balance transfers, this is a welcome offer, but it’s not crucial, and the True Lines card has lots to offer.
This offers some attractive features compared to newcomers to Canada’s credit card landscape, such as an ultra-low annual interest rate and no annual purchase fee. Despite the annual fee of $39, it offers the lowest annual buy rate of the industry at 8.99% and a cash transfer rate of 89.9%.
If you have a balance or persistent worry, this card is probably the best one for you. If you’re looking for a 0% balance transfer card in Canada, you’re unlikely to find anything else.
When applying for a credit card, it is important to be aware of the fees and interest that can be charged. In this review, we will take a closer look at this credit card and evaluate what fees it charges, what benefits it offers, and how to apply for it. Of course, carrying a balance and the interest rate depend on your credit rating.
For people who prefer credit cards offering generous rewards or people who prefer affinity cards for niche purchases, they may be especially in demand. Still, for the average person who wants just a good credit card without the drama, the MBNA Trueline credit card on its own is a great alternative to a great card. As you’d expect from a fee-free card or low-interest card, MBNA True Line offers plenty of gimmicks or rewards that, frankly, are something to chase when the primary goal is to save interest and get out of the red. Nevertheless, everyday card rewards can be redeemed, and bonuses cashed and offered at a low interest rate.