MBNA: Earn 0% interest for 12 months on balance transfers

Q: How does the MBNA True Line® 0% balance transfer offer work?

New cardholders get 0% promotional interest for 12 months on balance transfers, with a 3% transfer fee applied to the transferred amount. Transfers must be requested within 90 days of account opening to qualify. After the 12-month window, any unpaid balance reverts to the regular interest rate. The offer is only available to non-Quebec residents. Used correctly, this is one of the most aggressive debt-consolidation tools available to Canadians today.

Q: How much does a balance transfer actually cost?

If you move $10,000 of high-interest credit card debt to the MBNA True Line® Mastercard®:- 3% transfer fee = $300 charged once; - 0% interest for 12 months on the transferred balance; - Total interest paid in year 1: $300; Compare that to a 20.99% APR on a typical card, where the same $10,000 would cost roughly $1,100–$2,000 in interest over a year. The savings can easily exceed $1,000, as long as you keep up with the minimum monthly payment.

Q: What is the catch I should watch out for?

Three rules make or break this offer:- You must transfer balances within 90 days of opening the account; - You must make at least the minimum monthly payment — one missed payment can void the promotional rate; - Any new purchases on the card carry the regular interest rate, with no grace period as long as a balance transfer balance is outstanding; Best practice: don’t spend on this card. Use it strictly to park transferred debt while you pay it down aggressively.

Q: Who is the True Line® best for?

This card is built for one job: consolidating high-interest debt. It’s ideal if you:- Carry $3,000 or more in balances on cards charging 19.99% to 22.99%; - Live outside Quebec; - Can commit to a 12-month payoff plan that wipes out the transferred balance before the promo ends; It’s a poor fit if you want a rewards card — True Line® earns no points or cash back. Pair it with a no-fee rewards Mastercard for everyday spending while you focus on becoming debt-free.

MBNA: Earn 0% interest for 12 months on balance transfers

Jun 26, 2024

Updated May 9, 2026

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Credit Cards MBNA: Earn 0% interest for 12 months on balance transfers

To the point Here's Canada's best balance transfer credit card offer (not available in Quebec): 0% interest for 12 months.

MBNA True Line^® Mastercard^® credit card – Non Quebec Residents

The MBNA True Line^® Mastercard^® credit card is one of Canada’s best options for a low-cost balance transfer. It’s ideal for reducing interest charges and consolidating your debts onto one card.

With this card, you benefit from a 0% interest rate for 12 months on balance transfers made within 90 days of account opening. Transfer fees are a competitive 3%.

This card offers fraud protection, guaranteeing the security of your transactions.

If you want to transfer balances from high-rate cards, the MBNA True Line^® Mastercard^® credit card allows you to benefit from a 0% rate and pay off your debts at your own pace without high-interest charges during the promotional period.

In short, the MBNA True Line^® Mastercard^® credit card is an excellent choice for reducing debt and optimizing balance transfers.

Our advice on credit card balance transfer

We remind you: travel should not be done through debt. However, if you’re paying high interest charges on a credit card balance every month, don’t hesitate to take advantage of a credit card balance transfer offer like this one with the MBNA True Line^® Mastercard^® credit card.

Then plan a strategy to pay off your credit card debt:

Do not make any new purchases on this new credit card: gradually pay down the credit card balance you have transferred by setting yourself a timetable, ideally for the next 6 months.
Use your old credit card for all your day-to-day expenses and pay it in full each month, without leaving a balance behind as you may have done in the past.
If you can’t manage it, make an appointment with your bank advisor to set up a more solid strategy (with a mortgage line of credit, for example, or a personal loan whose rate will often be much lower (4 to 5% instead of the 12 to 20% of credit card interest rates).

Check out the best credit card balance transfer offers.

Frequently Asked Questions about the MBNA True Line^{^®} Mastercard^{^®}

Here are frequently asked questions in the milesopedia community about this card.

How does the MBNA True Line^{^®} 0% balance transfer offer work?

New cardholders get 0% promotional interest for 12 months on balance transfers, with a 3% transfer fee applied to the transferred amount. Transfers must be requested within 90 days of account opening to qualify. After the 12-month window, any unpaid balance reverts to the regular interest rate. The offer is only available to non-Quebec residents. Used correctly, this is one of the most aggressive debt-consolidation tools available to Canadians today.

How much does a balance transfer actually cost?

If you move $10,000 of high-interest credit card debt to the MBNA True Line^{^®} Mastercard^{^®}:

3% transfer fee = $300 charged once
0% interest for 12 months on the transferred balance
Total interest paid in year 1: $300

Compare that to a 20.99% APR on a typical card, where the same $10,000 would cost roughly $1,100–$2,000 in interest over a year. The savings can easily exceed $1,000, as long as you keep up with the minimum monthly payment.

What is the catch I should watch out for?

Three rules make or break this offer:

You must transfer balances within 90 days of opening the account
You must make at least the minimum monthly payment — one missed payment can void the promotional rate
Any new purchases on the card carry the regular interest rate, with no grace period as long as a balance transfer balance is outstanding

Best practice: don’t spend on this card. Use it strictly to park transferred debt while you pay it down aggressively.

Who is the True Line^{^®} best for?

This card is built for one job: consolidating high-interest debt. It’s ideal if you:

Carry $3,000 or more in balances on cards charging 19.99% to 22.99%
Live outside Quebec
Can commit to a 12-month payoff plan that wipes out the transferred balance before the promo ends

It’s a poor fit if you want a rewards card — True Line^{^®} earns no points or cash back. Pair it with a no-fee rewards Mastercard for everyday spending while you focus on becoming debt-free.

Come to discuss that topic in our Facebook Group!

Marie-Ève Leclerc

Marie-Ève, Web Director at Milesopedia, is an expert in budget travel and a slow travel enthusiast. Specializing in Aeroplan, Scene+, and Marriott Bonvoy programs, she spends nearly six months a year abroad, making travel her way of life. Constantly seeking the best waves to surf, excellent coffee, and strategies to extend her travels, she is often found in coworking spaces with fellow digital nomads or by the sea, watching the sunset.

All posts by Marie-Ève Leclerc

Our advice on credit card balance transfer

Frequently Asked Questions about the MBNA True Line® Mastercard®

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Frequently Asked Questions about the MBNA True Line^{^®} Mastercard^{^®}