MBNA Offering 0% Balance Transfer Rate For 10 Months With Their MBNA True Line Mastercard

In the move to cater to the varying needs of its customers, MBNA is offering a 0% balance transfer rate up to 10 months with the True Line Mastercard.

Cardholders can take advantage of this credit card and transfer balances without accumulating additional penalty and other charges, as long as transactions are within the promotional period. The bank only allows up to 10 months of zero interest but a standard rate of 3% applies once the welcome offer ends.

Features and Benefits

When it comes to security, the MBNA True Line Mastercard is a great choice because of the Zero Liability feature, CVC code, and the Chip & Pin security. Unauthorized transactions are easy to detect and MBNA offers 24-hour customer assistance.

This credit card is also designed for low to moderate shoppers who are after minimum interest for purchases and balance transfers. Meanwhile, for traveling, this credit card can also aid cardholders in ticket replacement, lost document and lost luggage claims.

Application

Interested individuals who want to apply for this card need to be a Canadian resident, in the legal age of 18 years old and employed. MBNA offers online application which asks for personal details of the applicant. Employment status, residence, social security number, and annual income are also part of the questions in the form that applicants need to fill out.

The credit limit is determined by varying factors including the monthly income of the applicant as well as credit score and capacity to pay. There are no assumed figures but applicants are free to request for a bigger limit but there is no guarantee that the bank will approve the request.

Fees and Charges

Having the MBNA True Line Mastercard requires no annual fee, however, charges still exists whenever payments are late. For the purchase rate, the standard charge is at 12.99%. This will be added on top of the borrowed amount after failing to pay within the 21-day period. Meanwhile, cash advances are extremely high, up to 24.99%. For going beyond the limit, cardholders are also charged about $25 per statement period.

RELATED ARTICLES

Program for an Electric Vehicle Tax Credit for Union-Built Vehicles
Credit

Program for an Electric Vehicle Tax Credit for Union-Built Vehicles Faces Obstacle

House Democrats' plan to provide customers with an additional option to encourage union-built vehicles has sparked controversy and discussion among legislators, manufacturers, and other parties. The House Ways and Means Committee last week cleared the tax breaks for consideration in the Democrats' $3.5 trillion budget bill measure, despite vocal objections...
Williams-Sonoma Key Rewards Credit Card Program
Credit

Williams-Sonoma and Capital One Introduce The Key Rewards Credit Card Program

Williams-Sonoma, Inc., a leading American home retail company, revealed that it has partnered with bank holding company Capital One to introduce the Key Rewards Credit Card Program. The company’s top-level Key Rewards program is upgraded with new credit cards. Cardholders can accumulate rewards when they shop at Williams Sonoma, Inc....
Federal Bank Credit Cards In Partnership With Visa
Credit

Federal Bank Introduces Credit Cards In Partnership With Visa

Federal Bank has announced the introduction of its credit card in India. To offer credit cards to its current clients, the private banking company has collaborated with Visa, the worldwide financial services corporation. As per Shyam Srinivasan, Managing Director and CEO of Federal Bank, the issuance of the card would...
Wells Fargo Personal Credit Lines Closure Plan
Credit

Wells Fargo Drops Personal Credit Lines Closure Plan

Wells Fargo & Co. sparked a public outcry when it announced plans to phase down personal lines of credit in July, but the firm will reverse direction on August 18, 2021. Customers who have been using their personal credit lines have just received notice from the San Francisco-based lender...
Universal Credit Human Rights Legislation
Credit

The Reduction in Universal Credit Violates Human Rights Legislation

According to the UN's poverty expert, reducing universal credit by £20 per week is an "unjustifiable" decision that violates human rights law and would certainly lead to an expansion of poverty. The retreat of the £1,000-a-year uplift from next month, according to Olivier De Schutter, the UN-appointed chair of the...
Credit Cards Dark Web Data Leak
Credit

Hackers Leak 1M Credit Cards on the Dark Web

One million stolen credit cards have been posted by hackers on the Dark Web through AllWorld.Cards. The act was reportedly done by cybercriminals in an attempt to promote their activities and operations, as well as make their organization known. The leaked credit card information was discovered by cybersecurity researchers from...
Carter’s Child Tax Credit May Boost Children’s Apparel Business
Credit

Carter’s Says Child Tax Credit May Boost Children’s Apparel Business

Carter’s, an American retailer for children’s apparel, says that with the new child tax credit rolling out across the United States, and as the usual shopping for back-to-school resumes, the company is confident about its opportunities. To meet the consumers’ demand, the company is being compelled to pay extra to...
Younited Credit Yields Million in Fund
Credit

Younited Credit Yields $170 Million in Fund Round

Younited Credit, a France-based company, has secured $170 million in fund round. Consumers in Europe can choose from a variety of credit options offered by the startup. It also employs a multi-distribution method. The funding round, which is led by Goldman Sachs, has participants including existing investors such as Bpifrance,...
Sterling Construction Modifies Credit Agreement
Credit

Sterling Construction Modifies Credit Agreement with BMO Harris Bank

Sterling Construction Company, Inc. has modified its current credit agreement with BMO Harris Bank, its lending group. It has revealed that numerous terms of the agreement are revised. Two of the terms include lowering the existing credit agreement borrowing interest rate by 2% points and reducing the credit agreement's future...