MBNA True Line Gold Mastercard: a low-interest credit card
The MBNA True Line® Gold Mastercard® is an option for Canadians who want a credit card focused on a low interest rate rather than travel rewards or premium extras.
Its structure is simple and centred on reducing borrowing costs, which can help people who sometimes carry a balance or plan to transfer balances from cards with higher interest rates.
The card is designed for everyday use, with a low annual fee and a low purchase interest rate.
Below, you’ll find an overview of the MBNA True Line Gold Mastercard, including its features, requirements, limitations and costs.
About the MBNA True Line Gold Mastercard credit card
The MBNA True Line Gold Mastercard is known mainly for its 10.99% standard interest rate on purchases, which MBNA says is the lowest rate among its credit cards. Many Canadian credit cards charge around 20% or more on purchases.
This matters for people who don’t always pay their statement balance in full and want to limit the interest charged over time.
Instead of offering points or cash back, this card focuses on keeping borrowing costs lower and easier to manage.
Benefits of the MBNA True Line Gold Mastercard credit card
Although it doesn’t include a rewards program, the MBNA True Line Gold Mastercard offers features that appeal to people who value simplicity and lower interest costs.
Some of the main benefits include:
- Lower interest rates on purchases (10.99%) and balance transfers (13.99%) than many standard cards, which helps reduce borrowing costs when you carry a balance;
- A $39 annual fee, which keeps yearly costs low;
- The ability to add up to 9 authorized users at no additional annual fee;
- Purchase Assurance on most items bought with the card for 90 days from the purchase date, and Extended Warranty Benefits that double the written warranty for up to one additional year;
- Trip Assistance and Legal Assistance services, including help with lost documents and tickets, lost luggage and pre-trip information. These are assistance services, not insurance;
- Savings of at least 10% off base rates at participating Avis and Budget locations in Canada and the U.S., and at least 5% internationally.
Insurance coverage is subject to the terms, limits and exclusions in the Certificate of Insurance provided with the card.
Disadvantages of the MBNA True Line Gold Mastercard credit card
As with any credit card, there are limitations and requirements to consider before applying.
Some aspects of this card may not suit all spending habits.
Key disadvantages include:
- No rewards program, so your everyday purchases don’t earn points or cash back;
- Balance transfers carry a fee of 1% of each amount transferred, with a minimum of $3.50 per transfer;
- Cash advances carry a much higher interest rate of 24.99%;
- The card doesn’t include travel insurance;
- A 2.5% foreign currency conversion fee applies to transactions in currencies other than Canadian dollars.
About the issuing bank
MBNA is a credit card issuer in Canada that offers cards for different financial needs, including low-interest, cash back and rewards cards.
MBNA is a division of The Toronto-Dominion Bank (TD), one of Canada’s “Big Five” banks, and TD is the issuer of this credit card.
MBNA’s corporate office is in Ottawa, Ontario.
Fees of the MBNA True Line Gold Mastercard credit card
Understanding the fees is important when deciding if this low-interest card fits your financial plans.
Based on the information provided by MBNA, the main fees and rates include:
- Annual fee: $39;
- Authorized users: $0, up to 9 per account;
- Annual interest rate on purchases: 10.99%;
- Annual interest rate on balance transfers: 13.99%;
- Balance transfer fee: 1% of each transfer, with a minimum of $3.50;
- Annual interest rate on cash advances: 24.99%;
- Foreign currency conversion fee: 2.5%;
- Overlimit fee: $29 (if your balance exceeds your credit limit).
Rates and fees checked on September 22, 2026, against the official MBNA website. MBNA notes that rates and fees may vary by province. Confirm current terms on the MBNA website before applying.
Why apply for this card?
The MBNA True Line Gold Mastercard suits Canadians who want a straightforward, low-interest credit card without the higher annual fees of rewards cards.
It can be useful for managing existing balances or keeping interest costs lower when you need to carry a balance. If you plan to transfer a balance, include the 1% transfer fee when comparing costs.
However, since it doesn’t offer rewards or travel insurance, it works best as a tool for lower borrowing costs rather than for earning rewards on everyday spending.
To apply, you must be a Canadian resident and have reached the age of majority in your province or territory. Approval depends on MBNA’s credit assessment.
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Legal Disclaimer: This website is independent and purely informational, and its content does not constitute financial advice. Finvyu is not affiliated with MBNA or TD Bank. We do not guarantee credit approval or card issuance, which are subject solely to the risk analysis of MBNA (a division of The Toronto-Dominion Bank). Finvyu Editorial Team.