It offers top-of-the-line promotions within the country. In this review, we’ll take a have a look at the cardboard’s features so you possibly can get a very good idea of whether or not you wish to have this card in your wallet.
Who is the MBNA True Line Mastercard best fitted to?
If you propose to transfer your bank card balance and repay debt, the MBNA True Line Mastercard offers the most effective promotions and terms of any balance transfer bank card.
MBNA True Line Mastercard: The Basics
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MBNA True Line Mastercard
Annual fee: $0
Balance transfer offer: Get 0% interest for 12 months on balance transfers accomplished inside 90 days. (Offer not valid for Quebec residents.)
Card details
| Interest rates | 12.99% on purchases, 24.99% on money advances, 17.99% on balance transfers |
| Income required | None specified |
| credit-worthiness | 660 or higher |
The MBNA True Line Mastercard is best known for its balance transfer promotion. But before you apply, take a have a look at the fundamentals of the cardboard to see if it’s best for you.
| Earn rates | No rewards |
|---|---|
| Insurance included | 90-day purchase protection 1 yr prolonged warranty |
| Special advantages and functions | No annual fee 0% promotional balance transfer for 12 months Low rate of interest on purchases Up to nine authorized users will be added at no additional charge The MBNA payment plan lets you pay in installments Discounts on rental cars |
| Fees | Foreign transaction fee: 2.5% |
| Minimum credit limit | Any amount |
| Additional card costs | $0 |
Advantages and drawbacks of the MBNA True Line Mastercard
This Mastercard is not your only balance transfer bank card option. Weigh the cardboard’s benefits against its disadvantages to narrow down your selections.
Advantages:
- Long promotional transfer period: Many balance transfer cards limit the length of the balance transfer promotion, but with the MBNA True Line Mastercard you get 0% interest for a complete yr.
- Low rate of interest on purchases: With an rate of interest of 12.99%, the MBNA True Line Mastercard’s rate of interest is well below the national average.
- No income requirements: While you should meet credit rating requirements, this Mastercard has no personal or household income requirements, making it easier to qualify.
- No annual fee: Instead of paying for the privilege of using the bank card, invest your money in paying off your bank card balance.
Disadvantages:
- Fee for transferring the remaining balance: Although you pay 0% interest on balance transfers, you will likely be charged a 3% fee on the full transfer amount.
- No rewards: If you choose to proceed using this card after paying the transferred amount, note that you’re going to not receive rewards similar to cashback on your purchases.
- Limited insurance included: This Mastercard doesn’t include travel, rental automobile, or mobile device insurance coverage. You only receive standard purchase protection and prolonged warranty if you make a purchase order together with your card.
Discounts and advantages of the MBNA True Line Mastercard
We don’t desire to sugarcoat it: The MBNA True Line Mastercard is primarily known for its balance transfer capabilities, not its (limited) perks and advantages.
MBNA payment plan
If you make a purchase order price over $100 together with your True Line Mastercard but don’t desire to pay every part without delay, you possibly can split the quantity into installments using the MBNA payment plan. This effectively lets you budget for a modest monthly payment. Here are the three payment options:
- 6 months with 4% fee and 0% rate of interest
- 12 months with 6% fee and 0% rate of interest
- 18 months with 8% fee and 0% rate of interest
Discounts on rental cars
Pay for an Avis or Budget rental automobile in Canada or the USA together with your MBNA Mastercard and save at the least 10% off the bottom price. When you rent a automobile internationally through Avis or Budget, you save at the least 5% off the bottom price.
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What cardholders think
It’s all the time helpful to see what real cardholders should say. So we turned to Reddit for insights.
Please note that the actual transfer fee is 3%.
We also like to envision the financial strength of a card issuer based on third-party reviews. Here’s what we found:
- JD Power: MBNA’s customer satisfaction rating of 531, the second lowest rating, suggests that customers could also be receiving mixed support and repair.
- Better Business Bureau: 1.0/5 based on 20 customer reviews with the BBB.
- Trustpilot: 1.3/5 based on 170 customer reviews, mostly related to payment processing issues and poor customer support communication.
We leave you with this necessary reminder from a cardholder: Always deposit the minimum amount, otherwise your promotional period will end.
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