MBNA Rewards Platinum Plus Mastercard
No Annual Fee Rewards

MBNA Rewards Platinum Plus Mastercard

MBNA Canada MBNA Canada
Welcome Bonus: Up to 10,000 Bonus Points ($50 cash value) + 4x earning rate for 90 days
Annual Fee $0
Purchase APR 21.99%
Cash Advance 22.99%
Bonus Value $50

RateBuddy Verdict

The Good
  • Earning accelerated rewards on household utilities and digital media is a unique and highly valuable perk in the Canadian market.
  • The inclusion of Mobile Device Insurance up to $1,000 is a rare and excellent benefit for a no-annual-fee card.
  • The annual "Birthday Bonus" provides a 10% boost on all the points you earned over the previous year.
The Trade-offs
  • Points are devalued when redeemed for cash back (0.5 cents/point) compared to travel redemptions (1 cent/point).
  • The accelerated category earn rates are capped at $10,000 in annual spending per category.

Rewards & Earnings

Groceries 1%
Dining 1%
Gas 0.50%
Travel 0.50%
Recurring Bills 1%
Base Rate 0.50%
Rewards Summary: Earn 2 points per $1 on restaurant, grocery, digital media, membership, and household utility purchases ($10,000 cap per category); 1 point per $1 on all other purchases. Includes a 10% annual Birthday Bonus.

Welcome Bonus Details

Earn 4 points per $1 on eligible categories for the first 90 days. Plus, get 5,000 bonus points after spending $500 in the first 90 days, and another 5,000 bonus points when you enroll in paperless e-statements within the first 90 days.

Estimated Value: $50

Features & Benefits

No Annual Fee
No annual fee
Mobile Device Insurance
Up to $1,000 in Mobile Device coverage
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
2x points on groceries, dining, and utilities (4x for first 90 days)

Insurance Coverage

Mobile Device Insurance (up to $1,000), Purchase Assurance (90 days, $60k lifetime), Extended Warranty (double up to 1 year), and Mastercard Zero Liability.

Rates, Fees & Eligibility

Purchase APR21.99%
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 Rewards
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