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BMO Preferred Rate Mastercard®* vs MBNA True Line® Mastercard® credit card

A field-by-field comparison of BMO Preferred Rate Mastercard®* and MBNA True Line® Mastercard® credit card, built from the same card data that powers our comparison tools. Every figure below traces back to a data field — nothing here is an editorial estimate.

Key features at a glance

FeatureBMO Preferred Rate Mastercard®*MBNA True Line® Mastercard® credit card
IssuerBMOMBNA
Network
Annual fee$0 $29$0Better on this row
Foreign transaction fee2.5%2.5%
Purchase interest rate13.99%12.99%Better on this row

The short answer

BMO Preferred Rate Mastercard®*MBNA True Line® Mastercard® credit card

One of these cards has no points valuation on file, so the two cannot be compared in dollars. The side-by-side table below still applies.

  • MBNA True Line® Mastercard® credit card has no annual fee, while BMO Preferred Rate Mastercard®* charges $29 a year.
  • BMO Preferred Rate Mastercard®* waives its $29 annual fee for the first year.

Open both in the full comparison tool

Where each card wins

BMO Preferred Rate Mastercard®*

In its favour

  • BMO Preferred Rate Mastercard®* waives its $29 annual fee for the first year.

Against it

No material difference in this card's favour was found in the data we compare.

MBNA True Line® Mastercard® credit card

In its favour

  • MBNA True Line® Mastercard® credit card has no annual fee, while BMO Preferred Rate Mastercard®* charges $29 a year.

Against it

No material difference in this card's favour was found in the data we compare.

Welcome offer

FeatureBMO Preferred Rate Mastercard®*MBNA True Line® Mastercard® credit card
Our valuationDepends on how you spend$29—

Annual fee and rates

FeatureBMO Preferred Rate Mastercard®*MBNA True Line® Mastercard® credit card
Annual fee$0 $29$0Better on this row
Additional card$0$0
First year free✓✗
Foreign transaction fee2.5%2.5%
Purchase interest rate13.99%12.99%Better on this row
Purchase rate (Quebec)13.99%12.99%
Cash advance rate15.99%24.99%

Insurance

FeatureBMO Preferred Rate Mastercard®*MBNA True Line® Mastercard® credit card
Purchase protection✓Better on this row—
Extended warranty✓Better on this row—

Card details

FeatureBMO Preferred Rate Mastercard®*MBNA True Line® Mastercard® credit card
Network
IssuerBMOMBNA

Which one wins, by spending profile

One of these cards has no points valuation on file, so the two cannot be compared in dollars. The side-by-side table below still applies.

Frequently asked questions

Which costs less per year, BMO Preferred Rate Mastercard®* or MBNA True Line® Mastercard® credit card?

MBNA True Line® Mastercard® credit card charges $0 a year, against $29 for BMO Preferred Rate Mastercard®*.

Which is better for spending in another currency, BMO Preferred Rate Mastercard®* or MBNA True Line® Mastercard® credit card?

Both charge 2.5% on purchases in another currency.

Do these earn rates have spending caps?

Yes — where a card caps a category, the ceiling is stated next to the rate on this page, along with what the card earns beyond it.

How we compare

  • Every figure on this page is read from the card data we maintain — annual fees, foreign transaction fees, earn rates, spending caps, welcome offers, insurance and lounge access.
  • Points are valued at our published valuation for each card's loyalty program. Cash back is counted at face value.
  • The spending profiles are standard baskets, not your spending. The share charged in a foreign currency is a stated scenario assumption.
  • Year one and the years after are kept separate: the welcome bonus and any first-year fee waiver only count in year one.
  • We may earn a commission when you apply through the links on this page. It never changes the figures above — they come from the same data for every card.

Ready to apply?

Applications are submitted on the issuer's own site. Nothing you read above changes if you apply from here.