The MBNA True Line Mastercard offers cardholders a low interest rate on all purchases and balance transfers – with no annual fee and no income requirement.

Annual Fee
Extra Card Fee
Card Type
Cash Advance
Balance Transfer
Balance Transfer
Transfer Term
10 months
Personal Income
Household Income
Canadian resident who has reached the provincial age of majority.
This offer is not available for residents of Quebec. For residents of Quebec, please click here.
Travel Accident $150,000

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 10 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: 12.99%
  • Balance transfers and access cheques: 12.99%
  • 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 3.00% 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).

The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank.

If we find your match, we’ll give you up to $25 when you refer your friends.*

Our Review

If you’re looking for an easy low interest Mastercard, look no further than the MBNA True Line Preferred.

Low interest rates

How does permanently low interest rate of 12.99% on purchases and balance transfers sound? Music to our ears!

If you’ve been falling back on credit card payments and you're tired of paying 20% in annual interest fees, this card could be the perfect opportunity to tackle that hurdle with a permanently low interest rate.

0% balance transfer rate

New cardholders can get an introductory balance transfer rate of 0% for 10 months. This means that you could transfer the existing balance of one credit card to another, while taking advantage of the lower rate, helping you save money on interest and paying off your debt faster.

In fact, it's currently the best balance transfer promotion available in Canada right now. No other cards that have a 0% interest rate have a promotion length of 10 months. You get the best of both with this card.

To top it all off, there is no income requirement and no annual fee.

You are also covered for up to $150,000 in common carrier travel accident insurance, which is a nice added bonus for a no fee card.

Want to know more about the card? Our full blog review covers every detail.

The downsides

Although there are no rewards you can earn with this card, its purpose is clearly defined as a great opportunity to get ahead of any credit card debt you may have. It’s probably best to take advantage of this card to make payments, rather than purchases.

Despite the fact that this card offers a great interest rate, it is not quite the case when is comes to cash advances – which has an interest rate of 24.99%.

If you are looking for a card with even lower interest rates, perhaps the is for you. Essentially the True Line Preferred's upgraded big brother, this card has a permanently low interest rate of 8.99% – which is pretty remarkable – and also gives you 7 types of insurance, for a low annual fee of $39.

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