MBNA True Line Mastercard
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The MBNA True Line Mastercard is a standout option for those seeking a low-interest credit card or a card for balance transfers. With a purchase rate of 12.99% and no annual fee, it’s ideal if you tend to carry a balance and don’t pay it off in full each month. While it doesn’t offer rewards, the savings on interest can be significant. If you have a high-interest balance on another card, you can transfer it to this card and take advantage of the welcome offer of 0% interest on balance transfers within the first 90 days.
For those who typically carry a larger balance, consider upgrading to the MBNA True Line Gold Mastercard. Although it comes with an annual fee of $39, it offers a lower interest rate of 8.99%, which can result in even greater interest savings over time.
Welcome Offer: With the MBNA True Line Mastercard, you can receive a 0% promotional annual interest rate for 12 months on balance transfers completed within the first 90 days of opening your account. This offer provides an excellent opportunity to save on interest and pay down your existing credit card balances more effectively.
Card Summary:
This credit card comes with no annual fee and no cost for additional cardholders. It offers a competitive 12.99% interest rate on purchases and balance transfers, and a 24.99% rate on cash advances. You can also take advantage of a welcome bonus offer and manage larger purchases easily with the MBNA Payment Plan.
Rewards Summary:
- N/A
Benefits Summary:
Insurance Summary:
- N/A
Editor’s Review
MBNA True Line Mastercard Review
The MBNA True Line Mastercard is an excellent choice for those seeking a low-interest credit card or a card for balance transfers. With its competitive interest rates and no annual fee, it’s ideal for individuals who carry a balance and don’t pay it off in full each month. While it doesn’t offer rewards, the savings on interest can be significant.
Card Summary:
- Annual Fee: None
- Supplementary Card Fee: None
- Interest Rates: 12.99% (purchases and balance transfers), 24.99% (cash advances)
- Welcome Offer: 0% promotional interest rate for 12 months on balance transfers completed within the first 90 days
Rewards Program:
- None
Benefits:
- MBNA Payment Plan: Flexible payment options for eligible purchases of $100 or more
- Car Rental Discounts: Savings at Avis and Budget
- No Annual Fee: Cost-effective option for those seeking low interest rates
Insurance Coverage:
- None
Pros and Cons
Pros:
- No annual fee
- Low interest rate on purchases and balance transfers (12.99%)
- 0% promotional interest rate on balance transfers for 12 months
- Flexible payment options with MBNA Payment Plan
- Car rental discounts
Cons:
- No rewards program
- High interest rate on cash advances (24.99%)
- Limited additional benefits compared to premium cards
- No insurance coverage
Who is this card for?
This card is ideal for individuals who:
- Frequently carry a balance and want to minimize interest payments
- Have high-interest balances on other cards and want to take advantage of balance transfer offers
- Seek a no-annual-fee credit card with low interest rates
- Prefer flexible payment options for managing larger purchases
Comparison with Similar Cards
| Feature | MBNA True Line Mastercard | MBNA True Line Gold Mastercard | BMO Preferred Rate Mastercard |
|---|---|---|---|
| Annual Fee | None | $39 | $29 (waived first year) |
| Purchase Interest Rate | 12.99% | 8.99% | 13.99% |
| Balance Transfer Rate | 12.99% (0% for 12 months) | 8.99% | 0.99% for 9 months |
| Cash Advance Interest Rate | 24.99% | 24.99% | 15.99% |
| Rewards | None | None | None |
| Insurance Coverage | None | None | Basic |
| Income Requirement | Not specified | Not specified | Not specified |
Final Verdict
The MBNA True Line Mastercard is a standout option for those seeking a low-interest credit card, especially if you frequently carry a balance. Its competitive 12.99% interest rate on purchases and balance transfers, combined with a generous welcome offer of 0% interest on balance transfers for 12 months, makes it a highly cost-effective choice. While it lacks a rewards program and additional benefits, the potential savings on interest are significant, particularly for those managing larger balances. If you need an even lower interest rate and don’t mind paying an annual fee, consider upgrading to the MBNA True Line Gold Mastercard for further savings.
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