MBNA True Line Gold Mastercard Review

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by Enoch Omololu


Advertiser Disclosure

The MBNA True Line Gold Mastercard is one of the best low-rate interest rates for a credit card in Canada. It offers a competitive standard purchase rate of 8.99% and a balance transfer rate of 8.99%.

The primary cardholder pays a $39 annual fee, however, you can get up to 9 free supplementary cards for additional authorized users.

This MBNA True Line Gold Mastercard review covers its benefits, downsides, and how it compares to the MBNA True Line Mastercard.

MBNA True Line Gold Mastercard

MBNA True Line Gold Mastercard Benefits

1. 8.99% purchase annual interest rate. Compared to the 19.99% or more that is standard for the industry, this card could save you a tonne of money in interest fees if you carry a balance from month to month.

2. Low balance transfer rate: Pay a low 8.99% standard rate on balance transfers. A 1% fee applies to each balance transfer transaction (minimum of $7.50).

3. Insurance coverage including purchase protection for up to 90 days and extended warranty for up to an extra 1 year.

4. Car rental discount at participating Canadian Avis Rent A Car and Budget Rent A Car locations.

5. Other Mastercard benefits including Zero Liability for unauthorized purchases, 24/7 emergency support, trip assistance, and more.


The MBNA True Line Gold Mastercard comes with a $39 annual fee and limited rewards.


This card offers a standard low rate on purchases which can go a long way to lower your interest fees over time.

You could also consider applying for the MBNA True Line Mastercard which has no fees and a standard 12.99% purchase interest rate. Read my MBNA True Line Mastercard review.

Regardless of which card you choose, remember to make at least the minimum payments. The balance transfer rate jumps from 8.99% to 21.99% if you are late in making the minimum payment twice within any 12 consecutive payment periods.

Other card options in the low-interest rate category include the Scotiabank Value Visa Card, HSBC +Rewards Mastercard, and the BMO Preferred Rate Mastercard.

Related reading:

Best Credit Offers this month

One of the best no-fee credit cards in Canada.

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Get 15% bonus cash back in first 2 months ($150 value).

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Free prepaid reloadable Visa card.

Access to a portion of your paycheque 3 days early.

Free budgeting app with automatic savings features.

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1.20% savings interest on every dollar balance.*

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Pre-approvals are available in as fast as 5 minutes.

Low-interest rates start at 1.99% and terms from 4-60 months.

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Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. His writing has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, Credit Canada, MSN Money, National Post, CIBC, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

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