MBNA True Line Card: Benefits, features, and how to apply

The MBNA True Line card is a credit card that provides a range of benefits, for Canadians who want to manage their finances. One notable advantage of this card is its interest rate, which applies to purchases balance transfers and cash advances. If you transfer your balance within 90 days of opening your account you can enjoy a 0% interest rate. This feature proves advantageous for individuals with credit card debt as it helps them save on interest charges. Even after the promotional period ends the interest rate on balance transfers remains relatively low at 12.99% compared to credit cards.

Another appealing aspect of the MBNA True Line card is that it does not entail any associated fees. This means that you won’t have to pay anything just to keep the card active presenting an opportunity for savings. Additionally this card offers benefits such as purchase protection and extended warranty coverage providing opportunities for cost savings and safeguarding your investments.

In conclusion the MBNA True Line card presents itself as an option, for individuals seeking financial management solutions. This article aims to provide an overview of the features and benefits offered by the MBNA True Line Card.

In this article you will find:

Overview of the MBNA True Line card

In this section we’ll give you a rundown of the features, interest rates and credit limit of the cards.

Card Features

The MBNA True Line Card is highly sought after by those seeking a credit card, with interest rates because of its features. One notable feature is that it offers a 0% interest rate on balance transfers done within 90 days of opening an account. This allows users to transfer balances from credit cards without incurring any interest for a year. Additionally this card doesn’t come with any fees making it an excellent option for managing your finances.

Some other noteworthy features of the MBNA True Line Card include purchase protection, extended warranty coverage and zero liability protection. These features provide users with added security and peace of mind when using their credit cards for purchases.

Interest Rates

The interest rate on purchases and balance transfers with the MBNA True Line Card is 12.99%. When compared to cards in the market this credit card offers rates that are advantageous for users. Moreover it provides a 0% interest rate on balance transfers made within 90 days of opening an account, which makes it an appealing choice, for individuals who want to consolidate their debt.

It’s important to keep in mind that this card has a cash advance interest rate of 24.99%.

It’s important to remember that if you make a cash advance transaction without a grace period interest will be charged starting from the day of the transaction.

Credit Limit

The credit limit, for the MBNA True Line Card is determined based on your creditworthiness and income. It is available for individuals with a credit score of 660 or higher and a minimum income requirement of $0. As you exhibit credit behavior over time there is potential to increase your credit limit.

In summary the MBNA True Line Card offers interest rates and various features and benefits for those seeking financial management solutions. With its fee structure and added security features it has become increasingly popular among users.

How to Apply for the MBNA True Line Card

Applying for the MBNA True Line card involves following these steps:

1. Visit the website of MBNA Canada.
2. Navigate to their page dedicated to the MBNA True Line Mastercard.
3. Click on the “Apply” button to commence your application process.
4. Provide all required details including your name, address and contact information.

 

To apply for the MBNA True Line card successfully please furnish your employment and financial details such, as income, employment status and monthly housing expenses.First carefully select your credit limit for the card. Make sure to review and accept the terms and conditions associated with the card. Once you have completed these steps submit your application.

Upon submitting your application MBNA will thoroughly evaluate the information provided to determine if you meet the eligibility requirements, for the card. If approved you can expect to receive your new MBNA True Line card by mail within 7 10 business days.

Please keep in mind that certain criteria must be met in order to qualify for the MBNA True Line card. These criteria include being of age as per regulations being a resident of Canada itself and having a strong credit history. Additionally it’s important to note that this card carries a fee of $39 and has varying interest rates depending on the type of transaction; 10.99% on purchases and balance transfers (including access cheques) as well as 20.99% on cash advances.

To be eligible for the MBNA True Line card:

• You must be a resident.
• You must be 18 years old.
• You must have an income of $15,000.

 

In order to increase the chances of approval for your application, for the MBNA True Line card it is crucial that your credit report does not include any bankruptcies or delinquent accounts.
However meeting these requirements doesn’t necessarily mean that your card application will be approved.

Make sure you have these documents ready when applying:

• This can be in the form of a pay stub or a letter from your employer.
• You’ll need a government issued ID like a drivers license or passport.
• While going through the application process MBNA may ask for a copy of your credit report.
• After submitting your application MBNA will carefully review it. Provide a decision within one business day.
• If approved you can expect to receive your MBNA True Line card in the mail within 7 to 10 business days.
• As an added benefit, for cardholders the MBNA True Line card offers rewards and benefits.

 

Please note that approval is not guaranteed even if you meet all the criteria outlined above.

Here are some of the benefits

Interest Rate: The True Line card offers an interest rate, for purchases making it an excellent choice for individuals who carry a balance on their credit cards. This helps them save money on interest charges and pay off their balance efficiently.

Balance Transfer Offer: The True Line card also provides an offer for balance transfers allowing cardholders to transfer balances from high interest credit cards to their True Line card at a reduced interest rate. This helps them save money on interest charges and become debt faster.

No Annual Fee: One great advantage of the True Line card is that it doesn’t charge a fee. This makes it an attractive option for individuals who want to keep their credit card expenses in check.

Mastercard Benefits: Being a Mastercard holder, the True Line card offers advantages such as:

• You’re protected against any loss, theft or damage to items purchased using the card.
• You have the option to extend the manufacturers warranty on items bought with the card.
• 24/7 assistance is available worldwide in case of emergencies.

 

Overall the MBNA True Line card provides benefits and rewards for its users. These include advantages, like interest rates, balance transfer offers with no fee and various benefits offered by Mastercard.

Managing Your Account

For MBNA True Line credit cardholders managing your account is simple and convenient. You have options to stay updated on your account activity make hassle payments and receive support. Here are some choices available, to you.

Online Banking

With MBNAs banking service accessing your account is effortless. You can conveniently check your account balance review transaction history and keep an eye on your credit limit anytime and anywhere with an internet connection. Additionally making payments or transferring balances from credit cards is a breeze. If you’re already a customer simply log in; otherwise sign up for banking.

Mobile App

The MBNA mobile app allows you to easily manage your account while on the go. Stay informed about your balance review transaction history and make payments wherever you are. You also have the option to customize notifications and receive updates regarding your account activities. Download the app from either the App Store or Google Play.

Customer Support

Our customer support team is available 24/7 if you have any questions or concerns regarding your MBNA True Line credit card. Should you encounter any payment issues or disputes simply dial the number provided at the back of your credit card to connect with a representative who will be more, than happy to assist you.
You also have the option of sending us an email through the MBNA website if you prefer.

We have designed managing your MBNA True Line credit card to be hassle free and straightforward. Whether you choose to use banking, our convenient mobile app or reach out to our support team directly rest assured that MBNA has taken care of everything, for your convenience.

Before applying for the MBNA True Line card it’s important to consider fees and charges. Here are some details about these fees:

• Annual Fee: The good news is that there is no fee associated with the MBNA True Line card making it an excellent choice for those who want to avoid this expense.
• Interest Rates: If you’re looking for a credit card with interest rates the standard interest rate for purchases made with this card is 12.99% which’s quite competitive.
• Balance Transfer Fees: With the MBNA True Line card we offer a promotion of 0% interest rate on balance transfers for 12 months. After this promotional period ends the balance transfer rate becomes 12.99%. Please note that there is a charge of either 3% or $7.50 (whichever amount’s greater), for each balance transfer.

When you use your MBNA True Line card to get a cash advance you will be charged a fee of 1% of the cash advance amount with a minimum fee of $7.50. Additionally there will be an interest rate of 24.99% applied.

If you make any transactions, with your MBNA True Line card in currencies there will be a fee to 2.5% of the Canadian dollar amount.

All all the fees and charges associated with the MBNA True Line card are competitive when compared to options available, in the market. It’s important to keep in mind that while balance transfers may not have fees or offer rates there is a possibility that associated fees may apply for transactions well.