Amazon.ca Rewards Mastercard® Review
The Amazon.ca Rewards Mastercard allows Amazon Prime members to pocket exceptional cash back on Amazon.ca, Whole Foods, and foreign currency transactions.
Sep 23, 2026 2:29 PM
The Bottom Line
If you’re a frequent Amazon.ca, Whole Foods, or international shopper that wants to collect cash back to use towards future Amazon.ca purchases, then the Amazon.ca Rewards Mastercard was literally made for you. To fully optimize this card’s potential cash back rates, you’ll want to make sure you’re an Amazon Prime member – which comes with its own subscription fees.
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on MBNA's website
RECOMMENDED CREDIT SCORE
Rewards
- 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
Insurance
Coverage
Purchase Protection
90 days
Extended Warranty
Up to a year
Benefits
Details
Car Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car
Trip and legal Assistance
Yes
Eligibility
Credit Score
GoodAnnual Income
N/A
Card Details
Interest Rates
Purchase APR
21.74%
Cash Advance APR
22.99%
Fees
Annual Fee
$0
Additional Cards
$0
Eligibility
Minimum Individual Income
N/A
Minimum Household Income
N/A
Credit Score Estimate
Good
Type
Card Type
Credit
Reward Type
Cash BackPros & Cons
Pros
- Impressive Prime optimization
- Foreign currency cashback
Cons
- Low non-Amazon optimization
- Limited benefits
Our Detailed Review
The Amazon.ca Rewards Mastercard is the ticket to an Amazon shopper's paradise, probably because it's the best credit card for those with a Prime membership.
This card allows you to collect cashback on Amazon.ca purchases and a couple of additional expenses, all applicable toward future Amazon.ca purchases.
Even if you’re not an Amazon Prime member, you can still earn decent rates on the same categories.
To learn more about what this online retail contender has to offer, keep reading.
How You Earn Rewards with the Amazon.ca Rewards Mastercard
Let’s break down exactly how you can collect cash back using the Amazon.ca Rewards Mastercard.
With this card, cardholders will receive:
- 2.5% cash back on Amazon.ca, Whole Foods, and foreign currency transactions if they’re an Amazon Prime member
- Only 1.5% cash back on Amazon.ca and Whole Foods purchases, plus 1% cash back on foreign currency transactions if they’re not an Amazon Prime member
- 1% cash back on everything else
As you can see, while it’s completely possible to optimize eligible purchases without being an Amazon Prime member, it truly pays to be a member.
So, if you want to optimize your cart, your groceries, and your payments abroad – consider signing up for a subscription along with your credit card application.
Redeeming your Rewards with the Amazon.ca Rewards Mastercard
To keep things convenient, once you’ve collected $20 worth of cash back, your earnings are automatically applied to your Amazon account.
This cash back can then be used exclusively to cover your Amazon cart in part or in full.
How to apply for the Amazon.ca Rewards Mastercard
Let’s say you’re still set on applying for the Amazon.ca Rewards Mastercard.
In that case, follow these steps:
- Visit the MBNA official website and select “Credit Cards” from the main menu.
- Under the “Credit Cards” drop-down menu, click “No Annual Fee” to narrow your search.
- Scroll down until you see the Amazon.ca Rewards Mastercard and hit “Apply Now.”
- This button will send you to Amazon.ca where you’ll be prompted to sign-in to sign-up.
- From here, you’ll be taken through the application process with online prompts that ask for personal and financial information.
To fast track the process, simply tap the “Apply Now” button under the Amazon.ca Rewards Mastercard banner at the top of this review.
Benefits and Perks
4 Benefits of the Amazon.ca Rewards Mastercard
There are a few benefits to the Amazon.ca Rewards Mastercard that might make it even more appealing to the right applicant.
Here are the perks you can expect:
For starters, the Amazon.ca Rewards Mastercard comes with no annual fee, making it an affordable and budget-friendly option for frequent Amazon shoppers.
That said, to squeeze the most value out of this card, you’ll want to become an Amazon Prime member, which comes with its own subscription fees.
Planning on making some big purchases on Amazon in the next 6 months? Or perhaps you’re looking to optimize grocery or restaurant bills? Either way, now is a good time to apply for the Amazon.ca Reward Mastercard.
Why? This card provides an impressive cash back welcome bonus for the first 6 months of membership on Amazon.ca and Whole Foods purchases, plus grocery store and restaurant purchases in Canada.
For a no-fee cash back card, the cash back rate cardholders can receive on specialized categories as an Amazon Prime member is definitely notable.
Additionally, if you happen to shop internationally, the cash back rate you receive as a Prime member on all foreign currency transactions also helps offset foreign transaction fees of 2.5% – which almost kind of qualifies this card as a no-foreign-transaction-fee contender.
Sure, the benefits on this card aren’t the best, but for casual travellers, they’re still worth noting.
The Amazon.ca Rewards Mastercard comes equipped with car rental discounts at Avis Rent A Car and Budget Rent A Car locations, plus trip and legal assistance.
Drawbacks and Considerations
2 Downsides to the Amazon.ca Rewards Mastercard
In these reviews, we aim to bring just as much attention to the downsides of a credit card as we do the benefits.
Here are a couple of places where the Amazon.ca Rewards Mastercard falls short:
Sure, if you’re a frequent Amazon shopper and an Amazon Prime member, the cash back rates on this card are pretty exciting, but not so much if you aren’t a member.
On top of this, the Amazon.ca Rewards Mastercard offers very little optimization opportunities for non-specialized categories, especially after the welcome bonus expires.
Similarly, since the cash back you earn can only be redeemed towards future Amazon.ca purchases, the cash back redemption opportunities are also limited.
Overall, there are better, more well-rounded, and more flexible no-fee cash back credit cards on the Canadian market to consider.
When it comes to insurance coverage, the Amazon.ca Rewards Mastercard only covers the basics, specifically purchase protection and extended warranty insurance.
Of course, there’s nothing wrong with these inclusions, there are simply other no-fee cash back contenders with more extensive coverage.
Compare to Similar Cards
Comparison to Other No-Fee Cash Back Credit Cards
To both highlight the benefits of the Amazon.ca Rewards Mastercard and to fill in the gaps for the things it lacks, in this section, we’re going to compare this featured card to a couple of other no-fee cash back credit cards on the Canadian market. Keep in mind that one of the biggest draws of the cards compared below is the fact that their cash back redemptions aren't limited to Amazon purchases.
Rogers Bank
4.5
Neo Financial
3.4
Neo Financial
3.5
Simplii Financial™
4.3
Annual Fee
$0
$0
$0
$0
$0
Interest Rates
Purchase
21.74%
Cash advance
22.99%
Purchase
21.99% - 25.99%*
Cash advance
22.99% - 27.99%*
Balance transfer
22.99% - 27.99%*
Rate details
Purchase
19.99% - 29.99%
19.99% - 23.99%
Cash advance
22.99% - 31.99%
Balance transfer
22.99% - 31.99%
Purchase
19.99% - 29.99%
19.99% - 23.99%
Cash advance
22.99% - 31.99%
Balance transfer
22.99% - 31.99%
Purchase
20.99%*
Cash advance
22.99%*
Balance transfer
22.99%*
Rate details
Welcome Bonus
Up to $150
Welcome Bonus varies
—
—
20% cashback† up to $500 in spending
Rewards
$393.95
First year rewards
$360
First year rewards
$252.26
First year rewards
0.5% - 2%
$438.18
First year rewards
on MBNA's website
on Rogers Bank's website
on Neo Financial's website
on Neo Financial's website
on Simplii Financial™'s website
Welcome Bonus Details
Earn Rates
Insurance Coverage
Extra Benefits
Requirements
Amazon.ca Rewards Mastercard vs Rogers Red World Elite
The Rogers Red World Elite Mastercard earns cardholders impressive cash back on eligible U.S. dollar purchases, plus solid cash back on all other purchases, especially for customers with a qualifying Rogers, Fido, Shaw or Comwave service. This card also has significantly more coverage, including trip interruption, trip cancellation, and travel medical insurance. For benefits, expect an airport lounge Dragon Pass membership and Roam Like Home days with an eligible Rogers mobile plan. The catch? This card comes with some hefty annual income requirements and an annual spending cap.
Verdict: If you're not a Prime member, the Rogers Red World Elite Mastercard has the potential to yield better rewards on similar categories for high-earning, strategic, qualifying customers. The cash back earned on this card is also redeemable towards any purchase.
Amazon.ca Rewards Mastercard vs Neo World Mastercard – Gas & Grocery
If you want to collect notable cash back on groceries, gas, and recurring purchases, check out the Neo World Mastercard – Gas & Grocery. Keep in mind, however, that this contender lacks added benefits and comes with annual income requirements. The base rate on this card is also lower than the Amazon.ca Rewards Mastercard, but it offers boosted cash back opportunities when you purchase from Neo partners. In fact, Amazon Prime is a Neo subscription partner, meaning you can earn some extra cash back on ongoing purchases.
Verdict: The Neo World Mastercard – Gas & Grocery is a solid no-fee option for common expenses and partner boosted cash back, but the Amazon.ca Rewards Mastercard is still better for Whole Foods grocery, foreign currency, and Amazon.ca purchases, especially if you're a Prime member looking to spend cash back on future Amazon purchases.
Amazon.ca Rewards Mastercard vs Neo World Mastercard – Shop & Dine
Perhaps you'd prefer to optimize dining and general shopping. In that case, consider the Neo World Mastercard – Shop & Dine. While the base rate on this card is also lower, cardholders receive additional cash back on Neo partner purchases, including Amazon Prime purchases. Like the Gas & Grocery version, this card comes with annual income requirements.
Verdict: The Neo World Mastercard – Shop & Dine is a great affordable option for foodies and shopaholics, but the Amazon.ca Rewards Mastercard remains more accessible and suited to Whole Foods, Amazon.ca, and foreign currency purchases. Still, note that the cash back earned on the Shop & Dine Card is redeemable towards any purchase, not just Amazon purchases.
Amazon.ca Rewards Mastercard vs Simplii Financial Cash Back Visa Card
Foodies will also be intrigued by the Simplii Financial Cash Back Visa Card, which earns significant cash back on eligible restaurant, bar, and coffee shop purchases. The card also optimizes gas, groceries, drugstore, and pre-authorized payments, but it lacks added perks and comes with household income requirements.
Verdict: The Simplii Financial Cash Back Visa Card is the best no-fee credit card for dining, but not necessarily Amazon, Whole Foods, or foreign currency purchases. That said, cash back earned on the Simplii Financial Cash Back Visa Card is redeemable towards any purchase, not just Amazon purchases.
Frequently Asked Questions
There are a couple of aspects of the Amazon.ca Rewards Mastercard that some might consider as “catches.”
For one, while the card is technically a no-fee cash back contender, to fully optimize its rewards program, you’ll want to have an Amazon Prime membership – which comes with its own cost.
Secondly, while this card is also considered a cash back card, it’s not a flexible cash back card, meaning that any cash back you collect must be used towards other Amazon.ca purchases.
About the author
Sara Skodak
Lead Writer
Since graduating from the University of Western Ontario, Sara has built a diverse writing portfolio, covering topics in the travel, business, and wellness sectors. As a self-started freelance content ...
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