No Annual Fee
Newcomer / New to Canada
Amazon.ca Rewards Mastercard
MBNA Canada
Welcome Bonus:
5% back for 6 months (up to $3,000 spend)
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 APR | 21.74% |
|---|---|
| Cash Advance APR | 22.99% |
| Balance Transfer APR | 22.99% |
| Annual Fee | $0 |
| Supplementary Card Fee | $0 |
| Grace Period | 21 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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