No Annual Fee
Newcomer / New to Canada
Amazon.ca Rewards Mastercard
MBNA Canada
Current Welcome Offer
5% back for 6 months (up to $3,000 spend)
Annual Fee
$0
Purchase APR
21.74%
Cash Adv. APR
22.99%
Welcome Bonus
~$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 & Takeout 1.00%
Gas & Transit 1.00%
Travel 1.00%
Base Rate 1.00%
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.
- Amazon.ca & Whole Foods: 2.5% back (Prime) / 1.5% back (Non-Prime)
- Foreign Currency Transactions: 2.5% back (Prime) / 1% back (Non-Prime)
- All Other Purchases: 1% back
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: $150.00
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
Additional Perks
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Insurance Coverage
Purchase Assurance
Covers most items for the first 90 days from the date of purchase (Lifetime accumulative limit of $60,000).
Extended Warranty Benefit
Doubles the written warranties for up to one additional year on most new purchases.
Mastercard Zero Liability
Protection against unauthorized purchases in store, over the telephone or online.
Rates & Fees Details
| Purchase APR | 21.74% |
|---|---|
| Cash Advance APR | 22.99% |
| Balance Transfer APR | 22.99% |
| Annual Fee | $0 |
| Supplementary Card | $0.00 |
| Income Required | No specific requirement listed. |