Great news, you’re almost there to getting your MBNA True Line Credit Card!
The MBNA True Line Mastercard is an excellent choice if you’re looking to save on interest payments, particularly if you often carry a balance. The low fixed interest rate on purchases and balance transfers can lead to significant savings over time, especially compared to the higher rates charged by typical reward credit cards. The absence of an annual fee makes it a cost-effective option, adding to your savings.
The balance transfer promotion is one of the card’s standout features, ideal for consolidating credit card debt and saving on interest payments. Additionally, the card’s security features, like around-the-clock fraud protection, chip & PIN technology, and Mastercard Zero Liability, provide peace of mind in terms of transaction safety. Moreover, the ability to add authorized users at no extra cost and enjoy discounts on car rentals make it a practical choice for families and frequent travelers.
Overall, the MBNA True Line Mastercard is well-suited for those looking to minimize fees and interest payments, manage existing credit card debt more effectively, and enjoy a range of useful perks without the cost of an annual fee.
Yes, there's a 3% transaction fee for balance transfers, with a minimum of $7.50. This fee is applied to each balance transfer initiated.
The card has a standard annual interest rate of 12.99% for purchases and balance transfers. However, the cash advance interest rate is higher at 24.99%.
Yes, cardholders can use the available credit on their credit card to transfer funds directly to their chequing account, though standard interest rates will apply.
The card charges a foreign transaction fee of 2.5%, so it's advisable to consider this when making purchases in foreign currencies.
For up-to-date information on minimum income requirements or orther details about the “MBNA True Line” card, I recommend that you contact MBNA directly or visit the bank’s official website.
