The MBNA True Line® Mastercard® is a low-rate, no-annual-fee credit card issued in Canada by MBNA (a division of The Toronto-Dominion Bank).
Product details, rates, and features can vary by province/territory and may change—always confirm on MBNA’s official site before you apply.
What MBNA True Line® Mastercard® Is (and who it’s for)
The MBNA True Line Mastercard focuses on keeping borrowing costs low.
It’s designed for Canadians who want a steady, below-typical purchase APR with no annual fee, and for those planning a balance transfer.
Eligibility includes Canadian residency and being of the age of majority in your province/territory.
Approval is not guaranteed and depends on MBNA’s assessment of your credit profile.
Key Rates, Fees, and Headline Features
Conveniences include Apple Pay support, contactless payments, and Mastercard Zero Liability protection.
The ability to add up to 9 authorized users with no additional annual fee, and access to MBNA Payment Plans to divide eligible purchases over fixed terms.
- Annual fee: $0
- Purchase interest rate: 12.99% (standard)
- Cash advance interest rate: 24.99% (standard)
- Balance transfer interest rate: 17.99% (standard, once any promo ends)
- Limited-time balance-transfer offer: 0% APR for 12 months on balance transfers completed within 90 days of account opening
- Balance-transfer fee: 3.00% of each transfer (minimum $3.50)
Eligibility Checklist
Residency & age: Canadian resident; age of majority in your province/territory
Credit review: Approval based on MBNA’s underwriting
Regional variation: Rates/fees may differ by province/territory; confirm your region during application
How to Apply For MBNA True Line® Mastercard®
Open the official MBNA True Line Mastercard page and select Apply now to access the secure application.
Confirm your province/territory so the page shows the correct rates and disclosures for your location.
Complete the application with your legal name, contact details, housing information, employment, income details, and any balance-transfer request you want.
Review the disclosures (rates, fees, promo terms) and submit. If approved, MBNA will provide activation instructions and next steps.
Using the 0% balance-transfer offer responsibly
Balance transfers must be completed within 90 days of account opening to qualify for the 12-month 0% promotional APR.
Each balance transfer initiated with the application incurs a 3.00% transaction fee (minimum $3.50). Fees are added to your balance and are not interest-free.
Missing a minimum payment may end the promo and move the remaining amount to the standard balance-transfer APR (17.99%).
You can’t transfer balances to pay money already owed to MBNA/TD or their affiliates. Total transfers cannot exceed your credit limit.
Everyday Benefits and Protections
Low ongoing purchase APR (12.99%) to help reduce interest if you occasionally carry a balance
No annual fee for predictable ownership costs
Security features such as Mastercard Zero Liability (conditions apply), chip & PIN, and fraud monitoring
Convenience features include Apple Pay, contactless, and optional MBNA Payment Plans on eligible purchases
Important Contact Information (MBNA Canada)
General customer service (Canada): 1-888-876-6262 Typical hours: 7 a.m.–12 a.m. ET, 7 days/week
TTY/TDD: 1-800-872-5758
From outside Canada (call collect): 1-613-907-3505
Corporate office (listed on product materials): 1595 Telesat Crt, Ottawa, ON K1B 5R3
Quick Pros and Cons
Pros
- No annual fee; 12.99% standard purchase APR
- 0% APR for 12 months on qualifying balance transfers (3% fee), a helpful window for structured payoff
- Apple Pay, contactless, and optional MBNA Payment Plans on eligible purchases
Cons
- Promotional 0% rate can end early if you miss a minimum payment
- 3% balance-transfer fee applies; transfers can’t pay MBNA/TD balances
- Cash advances at 24.99% are costly; best avoided
How to Decide if True Line Fits Your Plan
Choose the True Line Mastercard if your priority is a predictably low purchase APR with no annual fee.
Also, if you want a time-boxed 0% balance-transfer period to reduce interest while paying down debt.
If you prefer an even lower standard purchase rate and don’t mind a $39 annual fee, compare the True Line Gold variant.
Other alternatives include:
| Card (issuer) | Annual fee | Purchase APR | Standard BT APR | Intro balance-transfer promo | Notable extras |
|---|---|---|---|---|---|
| MBNA True Line Mastercard (MBNA/TD) | $0 | 12.99% | 17.99% | 0% for 12 months on BTs made within 90 days of opening | Add up to 9 authorized users at $0; Apple Pay; MBNA Payment Plans. |
| Scotiabank Value Visa (Scotiabank) | $29 (first year waived; offer window noted on site) | 13.99% | 13.99% | 0.99% for 9 months on BTs; 2% fee (min $5) | Min credit limit $500. Offer window Jan 3–Oct 31, 2025 (see site footnotes). |
| CIBC Select Visa (CIBC) | $29 (first year rebated) | 13.99% | 13.99% | 0% for up to 10 months on BTs with 1% fee; transfer up to 50% of limit | $15,000 minimum household income noted on page. |
| BMO Preferred Rate Mastercard (BMO) | $29 | 13.99% | 15.99% | Often 0.99% for 9 months (check current offer); | Annual fee may be rebated with BMO Performance Plan. |
| RBC Visa Classic Low Rate Option (RBC) | $20 | 12.99% | 12.99% | No public BT promo advertised | Fixed rate (not variable); $0 for additional cards. |
| TD Low Rate Visa (TD) | $25 | 12.90% | 12.90% | Purchase promo: 0% for 6 months (not a BT promo) | Apple/Google/Samsung Pay; TD help page confirms $25 fee & 12.90% rate (13.90% QC). |
Pick the structure that best matches your payoff plan and spending patterns.
Conclusion
The MBNA True Line Mastercard is a low-rate card with no annual fee and a clear 0% balance-transfer promotion.
Its 12.99% standard purchase APR is competitive among no-fee Canadian cards, while the 3% transfer fee and promo conditions require discipline.
If you’re a Canadian of the age of majority and value simplicity and low borrowing costs from a major issuer, this card is worth strong consideration.
Disclaimer: Card offers, rates, fees, and promotions may change without notice and can vary by province/territory. Verify all details on MBNA’s official pages at the time you apply. This article is for educational purposes only and does not constitute financial, legal, or tax advice. Approvals are subject to credit review and MBNA’s underwriting policies; instant approval is not guaranteed.
