MBNA True Line Mastercard vs Scotiabank Value Visa Card
The short answer: for most people the MBNA True Line Mastercard is the better overall card — we rate it 4.1/5 and it shines if you want paying down debt with a low rate and a 0% balance transfer. Choose the Scotiabank Value Visa Card instead if your priority is low interest on both purchases and cash advances.
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| Our rating | 4.1 | 4.0 |
|---|---|---|
| Annual fee | No annual fee | $29/yr |
| Welcome bonus | None | None |
| Foreign transaction fee | 2.5% | 2.5% |
| Rewards type | cash back | cash back |
| Top earn rates |
|
|
| Purchase interest | 12.99% | 13.99% |
| Income required | None stated | None stated |
| Best for | Paying down debt with a low rate and a 0% balance transfer | Low interest on both purchases and cash advances |
| Apply now | Apply now |
MBNA True Line Mastercard
Our winnerNot a rewards card — a debt-payoff tool. The low 12.99% purchase rate and 0% intro balance-transfer offer make it one of the best ways to tackle existing credit card balances.
Scotiabank Value Visa Card
A low-interest workhorse: 13.99% on both purchases and cash advances, plus recurring 0% balance-transfer promos, for a small $29 fee. Built for carrying or consolidating a balance.
Frequently asked questions
Is the MBNA True Line Mastercard or the Scotiabank Value Visa Card better?
For most Canadians, the MBNA True Line Mastercard is the better overall pick (we rate it 4.1/5 vs 4/5). It's especially strong if you want paying down debt with a low rate and a 0% balance transfer. The Scotiabank Value Visa Card can still win if you specifically want low interest on both purchases and cash advances.
Which card has the lower annual fee?
The MBNA True Line Mastercard has the lower annual fee (no annual fee vs a $29 annual fee).
Do either of these cards charge foreign transaction fees?
MBNA True Line Mastercard: 2.5% foreign transaction fee. Scotiabank Value Visa Card: 2.5% foreign transaction fee.