Best MBNA Credit Cards in Canada for 2021

Best Western
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Details
Annual Fee: $0
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 24.99%
Min Income Requirement: $80000
Why Apply:

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  • No annual fee
  • Low balance transfer
  • Free hotel stays
  • Generous hotel rewards
  • Flexible redemption options
  • Status upgrade
Recommended Credit Score:
670 900
Average to Excellent

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The Best Western Rewards MasterCard offers a little bit of everything from a low balance transfer rate to free room upgrades on top of a free hotel night stay as a welcome bonus and NO annual fee ? enough to make it on our list of the best hotel credit card in Canada.

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  • No annual fee ? You don?t have to pay anything for this credit card which makes it a perfect secondary credit card in your wallet.
  • Low balance transfer ? Take advantage of one of the most competitive balance transfer offer of 1.99% for 10 months.
  • Free hotel stays ? Treat yourself to a free night stay as a welcome bonus.
  • Generous hotel rewards ? This credit card offers an unbeatable 4.5% rewards rate when you redeem points for Best Western Hotel stays. There is also no limit to the points you can earn, no expiration, and no blackout dates. Truly a gem if you are a frequent customer.
  • Flexible redemption options ? You can also redeem points for airfare, dining, merchandise, entertainment, gift cards and charity, among others.
  • Status upgrade ? Automatic upgrade to gold or platinum status if you spend a lot using your credit card.

The Best Western Rewards MasterCard offers a little bit of everything from a low balance transfer rate to free room upgrades on top of a free hotel night stay as a welcome bonus and NO annual fee ? enough to make it on our list of the best hotel credit card in Canada.

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MBNA True Line Gold Mastercard
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Details
Annual Fee: $39
Purchases Interest Rate: 8.99%
Cash Advance Interest Rate: 24.99%
Min Income Requirement: Not Available
Why Apply:

Low annual fee

Low standard purchase interest rates

Recommended Credit Score:

Low annual fee: $39

Low interest rates: The standard purchase rate is 8.99% after the promotional balance transfer rate period ends for the MBNA True Line® Gold Mastercard®

This card from MBNA is considered to be even better than the MBNA True Line® Mastercard®. The Gold version, despite coming with a $39 annual fee, allows you to get an even better interest for purchases and balance transfers.

 

You'll only have to pay 8.99%, instead of the 12.99% for the standard card. Compared to the 19.99% or 22.99%, which are the standard rates offered by most card providers out there, the MBNA True Line® Gold Mastercard® is definitely one of the most attractive cards you can get in 2021.

 

Additionally, this card allows you to add up to 9 authorized users at no cost at all, so all of them can benefit from the low-interest rate.

MBNA True Line Mastercard
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Details
Annual Fee: $0
Purchases Interest Rate: 12.99%
Cash Advance Interest Rate: 24.99%
Min Income Requirement: Not Available
Why Apply:
  • Tempting balance transfer promotion
  • Low regular interest rate
  • No annual fee
  • Fraud protection
Recommended Credit Score:
670 900
Average to Excellent

It comes with no annual fee and a low regular interest rate that make it appealing to people without a high income or credit score and those who want to pay off multiple debts.

Why We Like It:

  • Low regular interest rate – Once the promo expires, you will get the 12.99% rate on purchases. If you haven’t paid off your balance in the first 10 months, you will still not have a hard time paying of the remaining debt – thanks to this low interest rate.
  • No annual fee – Less money coming out of your pocket means more savings for you.
  • Fraud protection – MBNA keeps track of any suspicious activity and will look out for any fraudulent transactions on your behalf.

The MBNA True Line® Mastercard® is a great credit card that comes with a very good interest rate for purchases. What's best, this card comes with no financial investment on a yearly basis, aka annual fee, and can be taken by any Canadian resident.

 

With this card, you get a 12.99% interest rate for purchases and balance transfers.

You can use the MBNA True Line® Mastercard® to quickly pay off your debt and save a lot of money on interest on your monthly purchases, due to the low-interest rate of just 12.99%. You can add up to 9 users to this card without paying additional money. This means that you can let your family members and friends leverage the MBNA True Line® Mastercard® to pay off their debt and improve their credit scores.

 

This card also comes with emergency services, trip assistance, cash advances internationally, and good savings when renting out a car with Avis.

Author Bio

User
Mohamed Konate

Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook.