Amazon.ca Rewards Mastercard
No Annual Fee Newcomer / New to Canada

Amazon.ca Rewards Mastercard

MBNA Canada MBNA Canada
Welcome Bonus: 5% back for 6 months (up to $3,000 spend)
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Secure RateBuddy connection · Application completed on MBNA Canada’s site
Annual Fee $0
Purchase APR 21.74%
Cash Advance 22.99%
Bonus Value $150

RateBuddy Verdict

The Good
  • Prime members earn a very strong 2.5% back on all Amazon.ca and Whole Foods purchases with no caps.
  • Prime members earn 2.5% back on foreign currency transactions, effectively wiping out the standard 2.5% foreign exchange fee.
  • Rewards are incredibly easy to redeem, applying directly at checkout when shopping on Amazon.ca.
The Trade-offs
  • The best earn rates are locked behind a paid Amazon Prime membership; non-Prime members earn significantly less.
  • Rewards are trapped in the Amazon ecosystem and cannot be redeemed for statement credits or cash transfers.

Rewards & Earnings

Groceries 2.50%
Dining 1%
Gas 1%
Travel 1%
Recurring Bills 1%
Base Rate 1%
Rewards Summary: Prime Members: 2.5% back at Amazon.ca, Whole Foods, and on foreign currency transactions. Non-Prime: 1.5% back at Amazon/Whole Foods and 1% on foreign currency. 1% back everywhere else for all users.

Welcome Bonus Details

Get 5% back at Amazon.ca, Whole Foods Market stores in Canada, grocery stores and restaurants! Valid for the first 6 months, on your first $3,000 in eligible purchases.

Estimated Value: $150

Features & Benefits

No Annual Fee
No annual fee
Extended Warranty Insurance
Doubles manufacturer warranty up to 1 year
Purchase Security Insurance
Purchase Assurance for 90 days (Up to $60k lifetime)
Higher Earning on Business Categories
Prime Members get 2.5% at Amazon/Whole Foods and on FX

Insurance Coverage

Purchase Assurance (90 days, $60k lifetime limit), Extended Warranty (double up to 1 year), and Mastercard Zero Liability.

Rates, Fees & Eligibility

Purchase APR21.74%
Cash Advance APR22.99%
Balance Transfer APR22.99%
Annual Fee$0
Supplementary Card Fee$0
Grace Period21 days
Income Required No specific requirement listed.
Recommended Credit Score—

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Filed Under

No Annual Fee Newcomer / New to Canada
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