Who’s the MBNA True Line Gold Mastercard Right For?
Anyone with high credit card debt can benefit from this low-interest card. However, to avoid worsening your credit situation, you should consider whether $39 is worth paying. If you have a handle on your credit card expenses, this card is for you. It’s also suited for you if you’re looking for a card that won’t charge you high amounts of interest.
What Criteria Must I Meet to Qualify for This Card?
- Be the age of majority in your province
- Be a Canadian resident
- Have a source of income
- Have a credit score of at least 660+
What’s the Income Requirement for This Card?
There’s no explicit income requirement for the MBNA True Line Gold Mastercard. At a minimum, you must have a source of income to cover the annual fee and statement balance.
What Interest Rate Is Offered on the MBNA True Line Gold Mastercard?
This card has a low-interest rate of 8.99% on purchases and balance transfers. The rate for cash advances is 24.99%.
What’s the Difference Between the Standard and Basic Rate on the MBNA True Line Gold Mastercard?
If you make late payments in two consecutive statement periods on your card, you'll be charged a higher rate. This is known as the basic rate, and these rates will apply:
- 99% for purchases
- 99% for balance transfers and access cheques
- 99% for cash advances
How Do I Get a Cash Advance?
You can get a cash advance at an ATM, bank, or any other location that accepts Mastercard or Visa.
Can I Transfer Balances to My MBNA True Line Gold Mastercard? How Do I Go About It?
Yes. You can make a balance transfer request after registering for online banking. Balances can be transferred for up to three credit card accounts or loans from other creditors.
Are There Restrictions for Balance Transfers?
The total balance transfer value must be within your credit limit. You may not use a balance transfer to pay off another MBNA account.