Card Details
Based on $2,000 spending
First Year Value
$379.46
$329.46 in years after
Annual Rewards
$329.46
MBNA Rewards
First Year Bonus
$50
MBNA Rewards
Annual Fee
$0
First Year Value
$379.46
$329.46 in years after
Interest Rates
Purchase: 19.99%
Cash Advance: 24.99%
Balance Transfer: 22.99%
Annual Fee
$0
Annual Income
Personal: N/A
Household: N/A
Credit Score Estimate
Welcome Bonus
2,500 bonus points ($12.50 in cash back value) after your first eligible purchase within the first 90 days of account opening and 2,500 bonus points ($12.50 in cash back value) once enrolled for e-statements within the first 90 days of account opening
Our Rating
2.1/5
Institution
MBNA
Rewards
- 2x points per $1 spent on restaurant, grocery, digital media, membership, and household utility purchases (max $10,000 spent annually per category)
- 1x point per $1 spent on all other eligible purchases
Insurance & Benefits
Insurance
Coverage
Purchase Protection
Up to 90 days
Extended Warranty
Up to a year
Mobile Device Insurance
$1,000
Benefits
Details
Car Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car in Canada and US and 5% internationally
Annual Birthday Bonus
Birthday Bonus Points equal to 10% of the total number of Points the account earned in the 12 months before the month of the primary cardholder's birthday (max 10,000 points annually)
Pros & Cons
Pros
- No annual fee: You can earn rewards without worrying about an annual cost.
- Support for veterans: Every eligible purchase helps advocate for the care of Canadian veterans and their families.
- Flexible rewards program: Earn points that can be redeemed for cash back, merchandise, gift cards, travel, or charitable donations.
- Birthday bonus: Earn 10% of the points you've accumulated in the previous year as a birthday bonus, up to 10,000 points annually.
- 2,500 bonus points for signing up and an additional 2,500 points for enrolling in e-statements within 90 days.
Cons
- Low points value: Each point is valued at around $0.005, meaning you'll need to accumulate a significant amount for substantial rewards.
- Category spend limit: The 2 points per dollar rate applies only to specific categories like groceries, restaurants, and utilities, and is capped at $10,000 annually.
- Limited bonus potential: The total welcome bonus is relatively modest compared to other cards.