in our free newsletter.

Thousands benefit from our email every week.

We adhere to strict standards of editorial integrity to help you make decisions with confidence. Please be aware that some (or all) products and services linked in this article are from our sponsors.

We adhere to strict standards of editorial integrity to help you make decisions with confidence. Please be aware this post may contain links to products from our partners. We may receive a commission for products or services you sign up for through partner links.

MBNA has retired its popular Platinum Plus Mastercard, but has introduced two excellent balance transfer credit cards to take over in its absence. Of the two, the MBNA True Line® Gold Mastercard® credit card offers favourable interest rates over other cards on the market, even if it does have a low $39 annual fee.

Notable features

  • 8.99% interest rate on purchases and 8.99% on balance transfers
  • Annual fee of $39
  • 24/7 customer service
  • Proactive fraud protection

The MBNA True Line® Gold Mastercard® credit card offers an attractive interest rate on both balance transfers (8.99%) and purchases (8.99%). This is a rare feature for balance transfer cards: cardholders can not only consolidate debt and avoid high interest on it, but they can also use the card for their everyday purchases and not be harshly penalized. However, they should be cautioned to at least make the minimum payment each month. If a cardholder misses their minimum payment twice, interest rates on the card increase to what they’d otherwise look like on a standard credit card.

MBNA provides constant access to customer service via phone and online chat, so any issues that a cardholder encounters during their transfers or daily use can be addressed immediately. They also offer all cardholders around-the-clock protection from fraud, a service similar to those that scan statement entries in real-time and warn cardholders of suspicious activity.

MBNA True Line® Gold Mastercard® credit card rates

Card Purchase rate Cash advance rate Balance transfer rate
MBNA True Line® Mastercard® 12.99% 24.99% 12.99%
MBNA True Line® Gold Mastercard® 8.99% 24.99% 8.99%

Who’s the card for?

Those who are trying hard to reduce their credit card debt will naturally be averse to the idea of paying a $39 annual fee. In this case, they might instead be drawn to a no-fee balance transfer card, like the MBNA True Line® Mastercard® credit card. But before making that choice they should consider the likely possibility that the lower interest rates of the MBNA True Line® Gold Mastercard® credit card will end up saving them far more than $39 in the long run.

, Terms and Conditions apply.

This offer is not available for residents of Quebec. 

Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button

The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank. ®MBNA and other-trademarks are the property of The Toronto-Dominion Bank.

About our author

Money.ca
Money.ca, Money.ca Editorial Team

The Money.ca Editorial Team is a group of passionate financial experts, seasoned journalists, and content creators who are deeply committed to providing unbiased, relevant, and accurate financial information. With years of combined industry experience, our team is dedicated to maintaining the highest journalistic standards and delivering informative and engaging content. From personal finance and investing to retirement planning and business finance, we cover a broad range of topics to suit the financial needs of our diverse readership. You can trust the Money.ca Editorial Team to empower you with the knowledge and tools necessary to make wise financial decisions.

These articles do not include bylines, as they are intended to provide information about the company or have been written by an internal team at Money.ca, rather than stories by individual writers or contributors. Bylines are used for all other articles.

Disclaimer

The content provided on Money.ca is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.