Overview of the MBNA True Line® Mastercard® credit card

For those looking to reduce their credit card debt, the MBNA True Line Mastercard comes packed with helpful features. The card has no annual fee and a below-average purchase interest rate of 12.99% on purchases. For anyone trying to work themselves out of debt and rebuild their credit score, the 0% promotional annual interest rate for 12 months provides an excellent head start.

Pros

• Best promotional balance transfer offer on the market: A promotional balance transfer of 0% is available for a full year helping pay down or eliminate credit card debt (note: there is a 3% balance transfer fee)
• Fixed low interest rate: The low interest rate of 12.99% is fixed and won’t change regardless of your credit rating, income, or the bank’s prime lending rate
• Accessibility: No annual fee and no income requirements to qualify making it very accessible

Cons

• Lack of additional benefits: This card does not include insurance or other benefits
• Restrictions for Quebec residents: Offer not available to residents of Quebec