Comparison: MBNA True Line Mastercard Credit Card vs CIBC Select Visa* Card

The financial institutions MBNA and CIBC each offer a credit card with 0% interest balance transfer offers:

But which of these cards is the better deal with such an attractive rate?

**Please note that the MBNA True Line Mastercard credit card is not available in Quebec.

Welcome bonus – Balance transfer

Both credit cards offer a welcome bonus.

When you apply for theMBNA True Line^® Mastercard^® (Outside Quebec), you get the following for balance transfers:

• 0% interest on balance transfers for 12 months
• 3% transfer fee

With the CIBC Select Visa* Card, you will get the following for balance transfers:

• 0% interest for 10 months
• 1% transfer fee

Exclusive Benefits and Savings

Thanks to certain partners, credit cards offer more points or useful discounts for everyday purchases.

TheMBNA True Line^® Mastercard^® (Outside Quebec) is very straightforward.

• Up to 9 additional cards with no annual fee
• Fraud protection at all times
• Card made entirely from recycled plastic
• At least 5% off Avis and Budget car rentals

The CIBC Select Visa* Card offers the same Visa Infinite benefits as its competitor.

• Up to 3 additional cards with no annual fee
• Personalized Practical Cheques available to order
• Link your card to Journie Rewards to save up to 10 cents per litre of gas at Ultramar, Pioneer, Fas Gas, and Chevron
• Up to 25% off Avis and Budget car rentals

Standard balance transfer interest rate

Outside the 0% promotional interest rate, theMBNA True Line^® Mastercard^® (Outside Quebec) and the CIBC Select Visa* Card have a standard interest rate.

The standard interest rate on theMBNA True Line^® Mastercard^® (Outside Quebec) is 17.99%.

The standard interest rate on the CIBC Select Visa* Card is 13.99%.

Annual Fee

Let’s see which card costs less.

TheMBNA True Line^® Mastercard^® (Outside Quebec) has a $0 annual fee. Easy to remember!

The CIBC Select Visa* Card has a $29 annual fee.

However, this card often comes with a promotion that reimburses this fee. Right now, the fee is fully reimbursed for 2 years.

Insurance

Both credit cards offer some insurance… or not!

TheMBNA True Line^® Mastercard^® (Outside Quebec) has no insurance coverage.

Travel Medical Insurance	None
Travel insurance – Public transport	None
Other insurance	None

The CIBC Select Visa* Card offers something similar in terms of insurance. View the insurance summary here:

Travel Medical Insurance	Available as an option at extra cost
Travel insurance – Public transport	$100,000
CIBC Payment Protector InsuranceTM	Available as an option at extra cost

Minimum Income

TheMBNA True Line^® Mastercard^® (Outside Quebec) requires:

• a minimum individual income of $0

To get a CIBC Select Visa* Card, you must meet the following easy criterion:

• No minimum personal income is required, but a minimum household annual income of $15,000 is required.

Bottom Line

So? Which Card is the winner?

The CIBC Select Visa* Card has a slight edge thanks to:

Whereas the MBNA True Line^® Mastercard^® (Outside Quebec) offers conveniences such as:

Frequently Asked Questions about MBNA True Line Mastercard vs CIBC Select Visa

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