Annual Fee
$39
Extra Card Fee
$0
Purchase
8.99%
Cash Advance
24.99%
Balance Transfer
8.99%
Promo Transfer
0.00%
Promo Term
6 months
Personal Income
N/A
Household Income
N/A
Canadian resident who has reached the provincial age of majority.
  • $39 annual fee
  • Standard Annual Interest Rates of 8.99% on purchases, 8.99% on balance transfers✪ and access cheques, and 24.99% on cash advances
  • You could get a 0% promotional annual interest rate (“AIR”)† for 6 months on balance transfers✪ completed within 90 days of account opening, with a fee of 1% of the amount advanced (minimum fee of $7.50). Limited time offer, apply online by December 31, 2018.
  • A suite of comprehensive insurance**
  • Around-the-clock-fraud protection
  • Access to 24/7 customer service
Extended Warranty 1 year
Purchase Protection 90 days
Travel Accident $500,000
Trip Cancellation $2,000
Rental Car Theft & Damage Yes
Rental Car Accident $200,000
Rental Car Personal Effects $1,000

Please review your insurance certificate for details, exclusions and limitations of your coverage.

† Promotional Rates: Balance Transfers: 0%

This Promotional Rate applies to any balance transfers made within 90 days of your account opening (each, an "eligible transaction") and will remain in effect for 6 Statement Periods from the transaction date of each eligible transaction. The Promotional Rate will increase and the remaining balance of the eligible transaction will become subject to the Standard Rate for balance transfers either: (1) on the first day of the first Statement Period that occurs after the expiry of the Promotional Rate; or (2) on the first day of the second Statement Period following any late Minimum Payment.

Standard Rates:

  • Purchases: 8.99%
  • Balance transfers and access cheques: 8.99%
  • Cash advances: 24.99%

Default Rates:

If your Minimum Payment is late twice within any [12] consecutive Statement Periods (the "change event"), the Standard Rate(s) that apply to your account at that time will increase to the following new Standard Rate(s):

  • Purchases: 19.99%
  • Balance transfers and access cheques: 21.99%
  • Cash advances: 24.99%

The new Standard Rate(s) will apply on the first day of the second Statement Period following the change event.

If you then pay each Minimum Payment on time for [12] consecutive Statement Periods ("cure period"), the new Standard Rate(s) will decrease to the Standard Rate(s) that applied on your account at the time of the change event. Such rates will apply on the first day of the first Statement Period that occurs after the cure period.

✪ Balance transfers will be fulfilled in the order listed and are treated as balance transfers in accordance with your Account Agreement. The total value of balance transfers cannot exceed your authorized credit limit. If the value is greater, MBNA may send a partial payment to the named creditor/designated account. THERE WILL BE A TRANSACTION FEE EQUAL TO 1.00% OF THE DOLLAR AMOUNT OF EACH BALANCE TRANSFER INITIATED WITH THIS APPLICATION. A MINIMUM FEE OF $7.50 WILL APPLY TO EACH BALANCE TRANSFER TRANSACTION. A balance transfer may not be used to pay off or down your account balance or any other balances with us (including our affiliates, which would include any member of the TD Bank Group). **Coverage is underwritten by Allianz Global Risks US Insurance Company (Canadian Branch) and/or American Bankers Insurance Company of Florida. Certain limitations and exclusions may apply to this benefit and others described in the certificate of insurance sent soon after your Account is opened. The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank.

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Our Review

Carrying a lot of credit card debt?

Looking for a credit card that gives really low interest rates?

Look no further than the MBNA True Line Gold MasterCard.

To start, you'll enjoy a 0% promotional annual interest rate for the first 6 months on balance transfers completed within 90 days of your account opening.

After that, you'll be given an annual interest rate of 8.99% on future balance transfers, as well as on new purchases made on the card. That’s a lot of interest saved.

On top of that, this card also comes with 7 different types of insurance, including travel accident, trip cancellation, and rental car theft and damage.

All this for an annual fee of $39.

The downsides

Although not the purpose of this card, you won’t earn any rewards for making purchases. And while it has a great permanent low rate, it does not apply to cash advances, which have an interest rate of 24.99%. This card is best suited to simply pay down an existing credit card balance.

If you’re looking for a similar card that has no annual fee, consider the . You’ll get a slightly higher interest rate of 11.90% on transfers and purchases, but you'll get that same low introductory rate of 0% for the first 6 months.

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The creditcardGenius algorithm calculates an estimated dollar value for all rewards and bonuses by using a typical point value a person can realistically achieve by redeeming their rewards in a reasonably optimized way. The "Welcome Bonus" is the dollar value obtained by combining of all one-time bonuses available to new cardholders within the first year. To qualify for the full bonus you may need to make purchases, meet minimum spending requirements, or complete special actions. Terms and conditions apply.

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