In today's hectic world, credit cards have fast become the most important financial tool. Almost everyone who has a job will certainly want to have a credit card, knowing how powerful it can be.
With so many uses, the credit card can help you achieve financial responsibility, help with streamlining all your credit, and be able to afford the things that you normally wouldn't. This is why the MBNA Credit Card is often acquired for such purposes.
With that in mind, the MBNA Credit Card has a lot to offer, especially if you are looking for a credit card with good balance transfer offers and great interest rates. Check out the article below to learn more about the MBNA Credit Card and how you can apply for it.
MBNA True Line Credit Card Features and Benefits
The MBNA True Line Mastercard is the best credit card for making a balance transfer in Canada.
Not only is it loaded with features that you can use to transfer your balance, but you also get tons of perks and benefits from just using the card for any other transactions that you make.
Check out the perks and features that you can benefit from down below.
Long Interest-Free Period of Cardholders
One of the main reasons why Canadians often go for the MBNA True Line Mastercard is its long interest-free period for both balance transfers and purchases.
When you apply and get approved for this credit card, you get 12 months of zero interest.
This gives you the best opportunity to fix your credit and be able to afford all the things that you want to buy without any interest. Just make sure that you can pay off your balance before the period ends.
Interest Rates and Other Charges
Speaking of interest rates, your interest rate for balance transfer and purchase will revert to 12.99% once the interest-free period is over.
This is half of what many other credit cards are charging you for interest nowadays. This will truly help you save a lot of money from using your credit card. Apart from the low-interest rate, you are also entitled to zero annual fees for life.
This gives you enough time to save more money and pay off your debt. Foreign transaction fees are at 2.50% of the total amount, and cash advances are charged at a fee of 24.99%.
Round-the-clock Protection
Many credit card holders are always looking to protect themselves from fraud and identity theft. With the MBNA True Line Mastercard, you don't have to worry about protection, as the issuers themselves have done it for you.
MBNA has state-of-the-art round-the-clock protection services that will prevent fraudulent activities and even prevent identity theft from happening.
You immediately get notifications for any suspicious activity on your account.
Save Money on Car Rentals
When using the MBNA True Line Mastercard for car rentals, you can expect to get a 10% discount on your rate, both in Canada and the US.
You are also entitled to a 5% discount for car rentals in any other country where the credit card is accepted.
Emergency Services
If your credit card is lost or stolen, you can immediately call customer service and have your card replaced.
The replacement card will be sent to you within 7 to 10 days, so you don't have to worry about not being able to use your card for a long time.
Is the MBNA Credit Card the Right Card for You?
You might be a bit apprehensive at first about owning the MBNA True Line Mastercard with its features and benefits, but rest assured that the card is meant for those who want to have a true balance transfer card.
With its generous promo offering for cardholders, you can expect to pay off your debt in no time while also being able to enjoy the credit balance for purchases.
It is the perfect credit card for those who want to pay off their debt without having to worry about high-interest rates.
Contact Details
If you're interested in learning more about the MBNA True Line Mastercard, you can visit their official website or contact their customer service hotline at 1-800-347-6262. A representative will be assisting you with your inquiries.
You can also ask for updates regarding your application through this number. Their main office is located at 1600 James Naismith Drive, Ottawa, Ontario K1B 5N8.
How to Get Approved for the MBNA True Line Mastercard
Those who are interested in applying for the MBNA True Line Mastercard should learn that there are eligibility requirements that you need to meet before you can apply for the credit card.
You must have a stable income and documents to prove your claim. You must also provide documents for your household income.
Applicants must be permanent residents of Canada and have reached the age of majority in the region or province in which they're residing.
Lastly, the issuer will require you to have a credit score of more than 660, and you will need to submit your credit report as well. Once you meet all the eligibility requirements, you can proceed to apply for the credit card online.
Applying for the MBNA Credit Card
You can apply for a credit card online through the official website. Log in and click on MBNA True Line Mastercard, then choose 'Apply Now.'
You must fill out the online application form, and if you want to take advantage of the promo, you must provide the payee's name and the account number from which you want to transfer your balance.
There should be a section in the application form that will allow you to transfer your balance to the credit card. Review everything, including spelling errors and the terms and conditions, before you submit.
Conclusion
Many credit cards offer a lot of advantages through their features and perks, but there is nothing more essential than being able to pay off your debt with the help of a balance transfer credit card.
Make sure that you apply for the MBNA Credit Card and follow the entire application procedure properly so you get approved much faster.
Note: There are risks involved when applying for and using credit. Consult the bank's terms and conditions page for more information.
