BALANCE TRANSFER Updated May 2026

MBNA Canada

Known for the best balance transfer offers and strong rewards cards.

CREDIT CARD
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Compare Top MBNA Cards

Comparing results based on your preferences.

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$
Annual Fee $120
Purchase 21.99%
Cash Adv. 22.99%
MBNA Canada MBNA Canada
Best For [ Travel Rewards ] [ Premium ] [ Rewards ]
MBNA Rewards World Elite Mastercard
Est. 1st Yr Value: $605
MBNA Rewards
Welcome Bonus: Up to 30,000 Bonus Points (approx. $245 cash value)
Highlights: Travel Medical Insurance Mobile Device Insurance Car Rental Collision/Loss Damage Waiver Flight Delay Insurance +1 more
View Offer
ELIGIBILITY
Personal Inc: $80,000
Household Inc: $150,000
Purchase APR 21.99%
Cash Advance APR 22.99%
Annual Fee $120
Foreign Tx Fee 2.5%
Personal Income $80,000
Household Income $150,000
Balance Transfer 22.99
Add. Card Fee $50.00
Annual Fee $0
Purchase 21.74%
Cash Adv. 22.99%
MBNA Canada MBNA Canada
Best For [ No Annual Fee ] [ Newcomer ]
Amazon.ca Rewards Mastercard
Est. 1st Yr Value: $411
Welcome Bonus: 5% back for 6 months (up to $3,000 spend)
Highlights: No Annual Fee Extended Warranty Insurance Purchase Security Insurance Higher Earning on Business Categories
Purchase APR 21.74%
Cash Advance APR 22.99%
Annual Fee $0
Foreign Tx Fee 2.5%
Personal Income N/A
Household Income N/A
Balance Transfer 22.99
Add. Card Fee $0.00
Annual Fee $39
Purchase 21.99%
Cash Adv. 22.99%
MBNA Canada MBNA Canada
Best For [ Cash Back ] [ Premium ]
MBNA Smart Cash World Mastercard
Est. 1st Yr Value: $363
Cash Back
Welcome Bonus: 5% Cash Back on gas and groceries for the first 6 months
Highlights: Car Rental Collision/Loss Damage Waiver Extended Warranty Insurance Purchase Security Insurance
View Offer
ELIGIBILITY
Personal Inc: $50,000
Household Inc: $80,000
Purchase APR 21.99%
Cash Advance APR 22.99%
Annual Fee $39
Foreign Tx Fee 2.5%
Personal Income $50,000
Household Income $80,000
Balance Transfer 22.99
Add. Card Fee $0.00
Annual Fee $0
Purchase 21.99%
Cash Adv. 22.99%
MBNA Canada MBNA Canada
Best For [ Cash Back ] [ No Annual Fee ]
MBNA Smart Cash Platinum Plus Mastercard
Est. 1st Yr Value: $348
Cash Back
Welcome Bonus: 5% Cash Back on gas and groceries for the first 6 months
Highlights: No Annual Fee Extended Warranty Insurance Purchase Security Insurance Higher Earning on Business Categories
Purchase APR 21.99%
Cash Advance APR 22.99%
Annual Fee $0
Foreign Tx Fee 2.5%
Personal Income N/A
Household Income N/A
Balance Transfer 22.99
Add. Card Fee $0.00
Annual Fee $0
Purchase 21.99%
Cash Adv. 22.99%
MBNA Canada MBNA Canada
Best For [ No Annual Fee ] [ Rewards ]
MBNA Rewards Platinum Plus Mastercard
Est. 1st Yr Value: $190
MBNA Rewards
Welcome Bonus: Up to 10,000 Bonus Points ($50 cash value) + 4x earning rate for 90 days
Highlights: No Annual Fee Mobile Device Insurance Extended Warranty Insurance Purchase Security Insurance +1 more
Purchase APR 21.99%
Cash Advance APR 22.99%
Annual Fee $0
Foreign Tx Fee 2.5%
Personal Income N/A
Household Income N/A
Balance Transfer 22.99
Add. Card Fee $0.00
Annual Fee $0
Purchase 12.99%
Cash Adv. 24.99%
MBNA Canada MBNA Canada
Best For [ Low Interest ] [ No Annual Fee ] [ Balance Transfer ]
MBNA True Line Mastercard
Welcome Bonus: 0% for 12 months on balance transfers
Balance Transfer: 0% Balance Transfer for 12 months (3% transfer fee).
Highlights: No Annual Fee Introductory 0% APR on Balance Transfers Low Purchase Interest
Purchase APR 12.99%
Cash Advance APR 24.99%
Annual Fee $0
Foreign Tx Fee 2.5%
Personal Income N/A
Household Income N/A
Balance Transfer 17.99
Add. Card Fee $0.00
Annual Fee $39
Purchase 10.99%
Cash Adv. 24.99%
MBNA Canada MBNA Canada
Best For [ Low Interest ]
MBNA True Line Gold Mastercard
Highlights: Extended Warranty Insurance Purchase Security Insurance Low Purchase Interest
Purchase APR 10.99%
Cash Advance APR 24.99%
Annual Fee $39
Foreign Tx Fee 2.5%
Personal Income N/A
Household Income N/A
Balance Transfer 13.99
Add. Card Fee $0.00
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Why Choose a Credit Card?

Beyond simple convenience, the right credit card offers a layer of consumer protection, financial leverage, and rewards that debit cards or cash simply cannot match.

Zero Liability Protection

Canadian credit cards come with robust federal protections against unauthorized transactions. Unlike cash, which is gone forever if lost, or debit cards which are directly linked to your bank funds, a credit card offers a buffer. If your card is used fraudulently, you are generally not held liable for those charges once reported. This keeps your actual bank account safe and liquid while the bank investigates the issue. It provides peace of mind in an era of increasing digital fraud.

Value-Added Rewards

Every purchase you make is an opportunity to earn a return on your spending. Whether you prefer travel points, merchandise, or cash back, using a credit card allows you to get value back on expenses you were going to pay anyway. Over the course of a year, a standard 1-2% reward rate can accumulate into hundreds of dollars in free groceries or flights. It is effectively a discount on your entire lifestyle, provided you pay your balance in full. Why pay full price with cash when you can earn a rebate with credit?

Building Credit History

Your credit score is your financial passport in Canada, dictating your ability to rent apartments, get a mortgage, or finance a car. Responsible credit card use is one of the most effective and fastest ways to establish this history. By using a card and paying it off on time every month, you demonstrate reliability to future lenders. A long, positive history with a credit card accounts for a significant portion of your credit score calculation. Without this history, obtaining major loans later in life can be difficult or much more expensive.

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The 21-Day Grace Period

Interest only kicks in if you carry a balance past the due date. Pay your statement balance in full every month, and you effectively get a free short-term loan for 21 days.

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Cash Back

Earn money on daily spend.

Travel Rewards

Best for frequent flyers.

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LOYALTY PROGRAMS

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Frequently Asked Questions

Common questions about Compare Top MBNA Cards Cards and financial strategy.

Disclaimer: Information is for educational purposes only and does not constitute financial or legal advice. Terms subject to change by issuers.

Personal income generally refers to your individual annual earnings. Household income typically includes the combined income of you and your spouse or common-law partner. Premium cards often have higher income thresholds (e.g., $60k personal or $100k household) to qualify.

A hard inquiry (from a credit application) typically remains on your credit report for up to 36 months, though its impact on your credit score generally diminishes significantly after the first 12 months.

You should contact your card issuer immediately to lock or cancel the card. Many issuers also offer a 'Lock Card' feature in their mobile app which can prevent new transactions instantly. Once reported, the issuer will typically send a replacement card with a new number.

Providing your Social Insurance Number (SIN) is usually optional for credit card applications, though it can help the issuer verify your identity and locate your credit file more accurately. You can generally apply without it, provided you supply other identification details.

An authorized user is someone you add to your account (like a spouse or child) who gets their own card. The primary cardholder is fully responsible for all debt incurred by the authorized user. It can be a way to help someone build credit habits, but legal liability remains with the primary account holder.