MBNA Rewards Platinum Plus Mastercard®

MBNA Rewards Platinum Plus Mastercard®

APPLY NOW
mbna smart cash platinum plus mastercard

MBNA Smart Cash Platinum Plus® Mastercard®

APPLY NOW

MBNA Rewards Platinum Plus Mastercard® vs MBNA Smart Cash Platinum Plus® Mastercard®: Which one is better?


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

mbna smart cash platinum plus mastercard

MBNA Smart Cash Platinum Plus® Mastercard®

3.2


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

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.

Rewards Breakdown

Annual Rewards

$210

MBNA Rewards


First Year Bonus Value

$90

MBNA Rewards


Annual Fee

$0


First Year Value

$300

$210 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

    Up to 90 days

  • mobile device insurance

    Mobile Device Insurance

    $1000

Insurance Included*

  • extended warranty

    Extended Warranty

    Up to a year
  • purchase protection

    Purchase Protection

    Up to 90 days

  • car insurance

    Car Rental Damage & Theft

    Up to 31 days
  • car accident

    Car Rental Accident

    $300,000
  • heart lock

    Travel Accident

    $1,000,000
  • luggage insurance

    Car Rental Personal Effects

    $1,000
  • luggage insurance

    Car Rental Personal Effects

    $1,000/person, $2,000 occurrence

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)

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

  • gavel

    Trip and legal Assistance

    Support for emergency cash transfer, lost document and ticket replacement, lost baggage assistance, pre-trip information and legal assistance while traveling

Interest Rates*

Purchase:

19.99%

Cash Advance:

24.99%

Balance Transfer:

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*

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.

Welcome Bonus*

Get 5% Cash Back†† on eligible gas and grocery purchases for the first 6 months (until the total gas and grocery purchases in the applicable month reaches $500)

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

Rewards Rate*

  • Get 2% Cash Back on eligible gas and grocery purchases (until the total gas and grocery purchases in the applicable month reaches $500)
  • Get 0.5% Cash Back for all other eligible purchases

Loyalty Program*

Loyalty Program*

N/A

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

Point Redemption Options*

Not Applicable

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.

Is this card worth it?

The MBNA Smart Cash Platinum Plus Mastercard is a solid no-fee card for those looking to earn rewards on everyday essentials like gas and groceries. However, with a cap on rewards and a low base earn rate on other purchases, it may not be the best fit for high spenders outside of these categories.

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.

Pros

  • 5% cash back on gas and groceries: Earn 5% cash back on gas and groceries for the first 6 months (up to $500 spent per month).
  • 2% ongoing cash back on gas and groceries: After the introductory period, continue earning 2% cash back on gas and groceries, up to $500 in combined monthly spend.
  • Comprehensive insurance: Includes 7 types of insurance, including rental car insurance.
  • No annual fee: Enjoy rewards without paying a fee.

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

Cons

  • Low cash back on other purchases: Only 0.5% cash back on non-gas and grocery purchases.
  • Cap on gas and grocery rewards: The 2% cash back on gas and groceries is limited to $500 in monthly spend.

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.
*‡, ††, ✪, 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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