Maryland Bank National Association, established in 1982, was the name MBNA originally stood under. It has been helping consumers for years by providing banking services and financial solutions, such as loans, house insurance, credit cards, and much more.
Its most popular banking service is a credit card, which helps its customers manage their daily lives and finances. One of the most popular credit cards from the bank is the MBNA True Line Mastercard which has great perks and benefits.
Learn more about the MBNA True Line Mastercard’s perks and advantages and discover how to apply for an MBNA True Line Mastercard through its eligibility requirements. In this article, you can also learn about the fees and other charges of MBNA True Line Mastercard.
MBNA True Line Mastercard Features
The bank designed financial solutions and products to make it easy for its customers to choose what they need and want, like the MBNA credit cards. I trust MBNA because it understands what its customers want and provides simple solutions.
When I decided to get a credit card, I started by comparing the advantages and disadvantages of several credit cards. I discovered that MBNA True Line Mastercard best suits my needs and wants for a credit card.
MBNA True Line Mastercard has a general focus. I like it because I do many things in life, so I wanted a credit card suitable for all situations, like traveling and shopping.
MBNA understands that people do not want to get into debt that grows out of control. So, it provides a solution for any required large purchases, emergencies, or unforeseen expenses through the MBNA True Line Mastercard.
More About the MBNA True Line Mastercard’s Features
Most credit cards have a unique and enticing list of perks and features. However, the MBNA True Line Mastercard is geared toward general use—shopping, travel, etc.
The MBNA True Line Mastercard boasts of having one of the lowest annual percentage rates of 12.99%. Finding a card with this low of a rate on balance transfers and new purchases is rare, which is one of the reasons people choose the MBNA True Line Mastercard.
The bank knows that people get credit cards to manage their finances, so MBNA True Line Mastercard has affordable offerings.
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MBNA True Line Mastercard Pros
When you are deciding to open a new credit card account, you should know what is in it for you. In this section, we will dig deeper into the perks of an MBNA True Line Mastercard. First, I already mentioned that this card has one of the most competitive standard annual interest rates.
The standard interest rate that is charged by most credit cards is approximately 19.99%, but the MBNA True Line Mastercard only charges 12.99%. This indicates that interest will be accrued on new purchases at a rate lower than the industry average.
Additionally, balance transfers that are not completely paid off within the allotted 12 months at 0% will revert to the lower rate as well.
Moreover, MBNA True Line Mastercard’s strength is that it can help me save money. It has a low-interest rate, no annual fee, and a promotional balance transfer period with 0% interest.
More About MBNA True Line Mastercard Pros
It is also a big advantage that there is no extra fuss or frills in getting and using the credit card. I do not need to worry about complicated charges and rates as an MBNA True Line Mastercard cardholder.
MBNA True Line Mastercard is very upfront with its features and perks, making it easier to understand than other financial products. This works best for people who do not have time to consider the varying charges and interest fees for their purchases and transactions with a credit card.
Aslo, as there is no yearly charge for an MBNA True Line Mastercard, so I can keep more of my hard-earned money (or use it to lower my debt). If I ever need a low-interest payment option, I do not have to pay anything extra to keep this card on hand.
MBNA True Line Mastercard Fees
As mentioned earlier, the MBNA True Line Mastercard is proud to have lesser fees, fewer additional charges, and lower interest rates. Check the MBNA True Line Mastercard rates, charges, and fees below.
- Annual Fee: $0
- Annual Percentage Rate: 12.99% (for purchase, balance transfers, and access cheques)
- Cash Advance Rate: 24.99%
- Foreign Purchase Transaction Fee: $0
- Foreign ATM Withdrawal: $0
When I was looking for the best credit card for my wants and needs, I did not have to look any further. MBNA True Line Mastercard proves that it has some of the lowest interest rates and charges out there.
MBNA True Line Mastercard Welcome Offer
MBNA offers an exciting welcome bonus to everyone who opens an MBNA True Line Mastercard account. The bank offers a 0% promotional annual interest rate (AIR) for an entire year.
This one-year perk of 0% interest works on balance transfers completed within 90 days after opening my MBNA True Line Mastercard credit card.
Again, if you do not pay off your balance before the promotional rate expires, then you will receive the standard low rate of MBNA True Line Mastercard of 12.99%. The credit card’s standard low rate applies to all purchases and other balance transfers outside of the first 90 days.
MBNA True Line Mastercard Benefits
MBNA True Line Mastercard has a long list of benefits for its cardholders. MBNA knows how much customers value their privacy and security, so it added additional safety measures for the credit card.
The banking institution has promised that it has taken extensive privacy and security measures to ensure that all my valuable information remains protected. I do not need to worry about any potential information breach or fraudulent activities with my account.
MBNA True Line Mastercard also mentioned that I should take advantage of Apple Pay. Through Apple Pay, I can ensure that I will have a safe, quick, and convenient payment method with my MBNA card.
In addition, I can use my available credit on my MBNA True Line Mastercard to transfer funds. I can immediately transfer funds to my checking account whenever I need extra money.
More About MBNA True Line Mastercard Benefits
Moreover, MBNA offers payment plan options to make it more convenient to pay for any large purchases I make with my MBNA True Line Mastercard. This payment plan feature helps me manage my budget further.
This allows me to pay for any eligible MBNA True Line Mastercard purchase of $100 or over through monthly payments. Three payment plan terms or options are available, which are 6, 12, or 18 months. Conditions and other fees must apply for each plan term, so be sure to look into the finer details before selecting one.
MBNA True Line Mastercard Eligibility Requirements
True to being accessible, the MBNA True Line Mastercard has minimal eligibility requirements. Almost anyone can apply for an MBNA True Line Mastercard.
First, I need to prove that I am a Canadian resident as the bank operates in most Canadian regions and territories. It is also essential to prove that I am of legal age and have a stable source of income.
The MBNA True Line Mastercard requires interested individuals to have at least a 670 credit score. Since the credit score requirement is average, many people can apply for the MBNA True Line Mastercard.
MBNA True Line Mastercard Application
The MBNA True Line Mastercard application can be completed through the bank’s official website. Interested applicants just need to click the “Apply Now” option to proceed to apply for the MBNA True Line Mastercard credit card.
Then, the bank will applicants to provide all the necessary information, including personal details. You also have to provide supporting documents for the requirements, like income proof, address, and age.
After you submit an application, you only need to wait a few business days to get the results through my email. Once approved, the MBNA True Line Mastercard will be sent to your house directly. However, there is also an option to pick up the card at an MBNA branch.
MBNA Bank Address
MBNA is headquartered in Chester, United Kingdom, even though it was founded in Delaware, USA, in 1982.
However, there are hundreds of branches in different parts of the world where the bank operates, making it easier for customers to visit one when they have concerns or issues.
MBNA Contact Information
The bank can also be contacted through their customer service number: 1-800-347-6262. Customers can call if they have concerns with their cards or want to inquire about the MBNA True Line Mastercard.
Also read: Discover the Top 10 Tips for Financial Success
Conclusion
The MBNA True Line Mastercard credit card offers one of the most competitive interest rates in the market. It aims to help its customers to manage finances while ensuring that their debts will not grow out of control.
Disclaimer: There are risks involved when using credit card products. Always be sure to read the bank’s terms and conditions page for more information.
