Amazon.ca Rewards Mastercard®

Amazon.ca Rewards Mastercard®

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MBNA Rewards Platinum Plus Mastercard®

MBNA Rewards Platinum Plus Mastercard®

APPLY NOW

Amazon.ca Rewards Mastercard® vs MBNA Rewards Platinum Plus Mastercard®: Which one is better?


Amazon.ca Rewards Mastercard®

Amazon.ca Rewards Mastercard®

3.1


RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

MBNA Rewards Platinum Plus Mastercard®

MBNA Rewards Platinum Plus Mastercard®

3.4


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Rewards Breakdown

Annual Rewards

$251.84


First Year Bonus Value

$150


Annual Fee

$0


First Year Value

$401.84

$251.84 in years after

Based on $2,000/mo average spending and assuming you are an Amazon Prime member as the primary account holder. Calculate your rewards.

Rewards Breakdown

Annual Rewards

$362.41

MBNA Rewards


First Year Bonus Value

$152.97

MBNA Rewards


Annual Fee

$0


First Year Value

$515.37

$362.41 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Insurance Included

  • extended warranty

    Extended Warranty

    Up to a year
  • purchase protection

    Purchase Protection

    90 days

Insurance Included*

  • extended warranty

    Extended Warranty

    Up to a year
  • purchase protection

    Purchase Protection

    Up to 90 days

  • mobile device insurance

    Mobile Device Insurance

    $1000

Extra Benefits

  • car rental

    Car Rental Discount

    10% off base rate of Avis Rent A Car and Budget Rent A Car

  • gavel

    Trip and legal Assistance

    Yes

Extra Benefits*

  • car rental

    Car Rental Discount

    10% off base rate of Avis Rent A Car and Budget Rent A Car in Canada and US and 5% internationally

  • birthday cake

    Annual Birthday Bonus

    10% of the Points earned the 12 months prior to the primary cardholder's birthday month (up to a max 10,000 bonus points per year)

Interest Rates

Purchase:

19.99%

Cash Advance:

22.99%

Interest Rates*

Purchase:

19.99%

Cash Advance:

24.99%

Balance Transfer:

22.99%

Annual Fee

$0

Annual Fee*

$0

Income Required

Min Personal Income:

N/A

Min Household Income:

N/A

Income Required*

Min Personal Income:

N/A

Min Household Income:

N/A

Welcome Bonus

Get 5% back at Amazon.ca, Whole Foods Market stores in Canada, grocery stores and restaurants for up to 6 months. Up to $150 cashback on top of the normal cashback earned.

Welcome Bonus*

5,000 bonus points for going paperless, 5,000 bonus points after spending $500 in 90 days, and 4 points†† for every $1 spent on eligible restaurant, grocery, digital media, membership and household utility purchases during the first 90 days. This offer is not available for residents of Quebec.

Rewards Rate

  • 2.5% cashback on Amazon.ca, Whole Foods and foreign currency transactions IF a prime member
  • Only 1.5% on Amazon.ca and Whole foods and 1% on foreign currency transactions IF not a prime member
  • 1% cashback on everything else

Rewards Rate*

  • Earn 4 points†† for every $1 spent on eligible restaurant, grocery, digital media, membership and household utility purchases during the first 90 days (these earn rates apply until $10,000 is spent annually in the applicable category)
  • 2 points for every $1 spent on restaurant, grocery, digital media, membership and household utility purchases (these earn rates apply until $10,000 is spent annually in the applicable category)
  • 1 point for every $1 spent on all other eligible purchases
  • Each year, you will receive Birthday Bonus Points equal to 10% of the total number of Points earned in the 12 months before the month of your birthday, to a maximum Birthday Bonus each year of 10,000 Points

Loyalty Program

N/A

Loyalty Program*

Point Redemption Options

Not Applicable

Point Redemption Options*

  • Most Optimal

    travel - plane

    Travel

    1¢ / point
  • gift card

    Gift Cards

    0.85¢ / point
  • cash coins

    Statement Credits (Cash) - World Elite

    0.83¢ / point
  • online shop

    Merchandise

    0.8¢ / point
  • cash coins

    Statement Credits (Cash) - Platinum

    0.5¢ / point

Is this card worth it?

If you are a Prime member and want to maximize your cashback on your Amazon purchases, then this card is the best option for that specific purchase category. However, for other purchases, many other cards offer better benefits and rewards.

Is this card worth it?

The MBNA Rewards Platinum Plus MasterCard is a solid no-annual-fee card choice with high returns on restaurant and grocery purchases, which are the most common spending categories for most people. Additionally, it offers one of the highest signup bonuses for a no-annual-fee card. However, there are two main considerations before choosing this card. If you are open to a card with an annual fee, many other cards offer better rewards. Furthermore, the points earned need to be used for travel to fully benefit from this card; otherwise, if you are not planning to use the points for travel, you are better off with a cashback or another type of card.

Pros

  • If you are a Prime member, the 2.5% cashback offered on Amazon purchases is unbeatable in terms of rewards compared to other credit cards.
  • The 2.5% cashback on all foreign currency transactions helps to offset the extra 2.5% fee.

Pros

  • One of the best no-annual-fee credit cards in Canada, both in terms of rewards and signup bonus.
  • Both restaurants and groceries, two of the most commonly spent categories, earn decent rewards.
  • Great annual birthday bonus with up to $100 in value.

Cons

  • It offers very little on non-Amazon and non-Whole Foods purchases, with many other well-rounded credit cards out there that offer much more.
  • Very limited benefits.

Cons

  • Points must be used for travel otherwise the points won't have much value
  • There are better alternative cards both for cashback and paid cards that have higher reward rates

Legal


*‡, ††, ✪, ***, Terms and Conditions apply. This offer is not available for residents of Quebec. Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button. The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank. ®MBNA and other-trademarks are the property of The Toronto-Dominion Bank. Check here for full details and current product information.

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