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
Personal Income
Household Income
Canadian resident who has reached the provincial age of majority.
This offer is not available for residents of Quebec.
Travel Accident $150,000

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

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, there are plenty of things to like about the MBNA True Line Preferred.

Though if you need a card with a better balance transfer offer ‒ then the offers 1.99% on balance transfers for the first 9 months, with a low transfer fee of 1%.

Low interest rates

Finding a credit card with a permanently low interest rate can be a bit of a challenge. So, how does a rate of 12.99% on purchases and balance transfers sound?

That's what the MBNA True Line Preferred Mastercard offers.

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 right opportunity to tackle that hurdle.

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 it comes to cash advances – which has an interest rate of 24.99%. And, there's no balance transfer offer, to help with your existing debt.

If you are looking for a card with even lower permanent interest rates, perhaps the is for you. Essentially the True Line Preferred 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.

What are your thoughts?

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