MBNA: Earn 0% interest for 12 months on balance transfers
Carte de crédit MastercardMD La Vraie LigneMD MBNA
La Carte de crédit MastercardMD La Vraie LigneMD MBNA est l’une des meilleures options au Canada pour un transfert de solde avantageux. Elle est idéale pour réduire les frais d’intérêt et consolider vos dettes sur une seule carte.
Avec cette carte, vous bénéficiez d’un taux d’intérêt de 0 % pendant 12 mois sur les transferts de solde effectués dans les 90 jours suivant l’ouverture du compte. Les frais de transfert sont de 3 %, ce qui reste compétitif.
Cette carte offre une protection contre la fraude, garantissant la sécurité de vos transactions.
Si vous cherchez à transférer le solde de cartes à taux élevé, la Carte de crédit MastercardMD La Vraie LigneMD MBNA vous permet de bénéficier d’un taux de 0 % et de rembourser vos dettes à votre rythme sans frais d’intérêt élevés pendant la période promotionnelle.
En résumé, la Carte de crédit MastercardMD La Vraie LigneMD MBNA est un excellent choix pour réduire vos dettes et optimiser votre transfert de solde.
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 MastercardMD 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.
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