0% Balance Transfer Offer for 12 months!

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

The MBNA True Line Mastercard offers 0% interest for 12 months on balance transfers made within 90 days of opening the account. Key details: - 3% transfer fee applied to the transferred amount; - This offer is not available in Quebec due to provincial regulations; - No annual fee on the card; - The transferred balance must be paid off before the end of the 12 months to avoid retroactive interest; For a $5,000 transferred balance, you save approximately $1,100 in interest over 12 months (versus a 22% card), even after the $150 transfer fee.

Q: Who is this balance transfer offer for?

This card targets Canadians who:- Carry a high balance on a card at 19.99% to 22.99% interest; - Have the financial discipline to pay it off within 12 months; - Want to consolidate their debt to simplify payments; It's not suitable for people who:- Want to earn reward points (the card offers none); - Reside in Quebec (offer unavailable); - Won't be able to pay off the transferred balance within 12 months; Once the balance is paid off, you can keep the card for its low rates or apply for a more rewarding card.

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

Jun 26, 2024

Updated Jul 17, 2026

Fact checked by

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

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 Using a CIBC 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 balance transfer credit card offers, including the MBNA True Line Mastercard^MD Credit Card.

Frequently Asked Questions about the MBNA True Line 0% Balance Transfer Card

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

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

The MBNA True Line Mastercard offers 0% interest for 12 months on balance transfers made within 90 days of opening the account. Key details:

3% transfer fee applied to the transferred amount
This offer is not available in Quebec due to provincial regulations
No annual fee on the card
The transferred balance must be paid off before the end of the 12 months to avoid retroactive interest

For a $5,000 transferred balance, you save approximately $1,100 in interest over 12 months (versus a 22% card), even after the $150 transfer fee.

Who is this balance transfer offer for?

This card targets Canadians who:

Carry a high balance on a card at 19.99% to 22.99% interest
Have the financial discipline to pay it off within 12 months
Want to consolidate their debt to simplify payments

It’s not suitable for people who:

Want to earn reward points (the card offers none)
Reside in Quebec (offer unavailable)
Won’t be able to pay off the transferred balance within 12 months

Once the balance is paid off, you can keep the card for its low rates or apply for a more rewarding card.

What is the interest rate after the 12-month promotion?

After the 12-month promotion, the remaining balance accrues interest at the regular balance transfer rate of 17.99% on the MBNA True Line. Note that the card’s purchase rate is only 12.99%, among the lowest in the Canadian market. This transfer rate remains lower than the rates for:

19.99% to 22.99% on most rewards cards
21.99% typical of store cards
24.99% and up on some prepaid cards

If you can’t pay off the full amount within 12 months, this post-promotion rate remains one of the lowest, making it an excellent backup card for managing a residual balance.

Can I transfer a balance from another MBNA card to this card?

No. MBNA, like most issuers, does not allow balance transfers between its own cards. The transfer must come from a card issued by another financial institution (Royal Bank, TD, Scotia, BMO, CIBC, Desjardins, etc.).

The process:

Apply for the MBNA True Line and get approved
During the application, provide the source card number and the amount to transfer
MBNA pays the other issuer directly within 7 to 14 business days

Check your approved credit limit before planning a large transfer to ensure it covers the balance to be transferred.

Come to discuss that topic in our Facebook Group!

Jean-Maximilien Voisine

Jean-Maximilien Voisine is the President and Founder of Milesopedia and a leading expert in rewards programs, credit cards, and travel across Canada, France, and the U.S.A. Now 40 years old and a father of two, he has explored more than 100 countries—many of them alongside his wife Audrey and their children. Specializing in loyalty programs such as Aeroplan, Flying Blue, American Express Membership Rewards, and Marriott Bonvoy, Jean-Maximilien helps travellers unlock the full potential of their points and benefits. His mission: empower others to travel better and smarter across North America and Europe.

All posts by Jean-Maximilien Voisine

Our Advice on Using a CIBC Balance Transfer

Frequently Asked Questions about the MBNA True Line 0% Balance Transfer Card

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