Overview of the Card
The MBNA True Line® Gold Mastercard® offers a low-interest rate on balance transfers and purchases, making it an ideal option if you’re looking to save money in the short term. Additionally, there are low annual fees associated with the card, making it even more affordable. The main feature of this card is its low-interest rate; currently, customers can enjoy an interest rate of 8.99% on balance transfers and purchases.
Additional Benefits
In addition to its low-interest rate, the MBNA True Line® Gold Mastercard® also comes with additional benefits that make it an attractive option for Canadians. For example, it included Purchase Assurance & Extended Warranty, Trip Assistance and Legal Assistance. Also, 24/7 customer service representatives are available to help answer any questions or address any concerns customers may have about their accounts. Finally, as a bonus, customers who use their cards regularly will receive exclusive offers and discounts from select retailers and restaurants, e,g Save with Avis Rent A Car and Budget Rent A Car.
Drawbacks
Of course, while there are many advantages to using this credit card, there are also some drawbacks worth considering before applying. First, the Cash Advances interest rate is relatively high at 24.99%, higher than other comparable cards in Canada. Lastly, since this card has limited travel benefits or insurance coverage options like other cards do, frequent travellers might want to look elsewhere for their credit needs.
Conclusion
The MBNA True Line® Gold Mastercard® is an excellent choice if you’re looking for a simple credit card with plenty of perks but without any hidden fees or charges associated with it. Its low-interest rate makes it a great option if you’re looking to save money in the short term while still earning some rewards. However, those who are looking for something more comprehensive should consider other options, as this card does not offer lots of travel benefits or insurance coverage options like other cards do
