MBNA
Attractive zero annual fee, up to 10,000 welcome bonus points, and elevated earning rates for everyday spending—essential security features included!
The MBNA Rewards Platinum Plus Mastercard offers Canadians an excellent no-annual-fee credit card. With an introductory welcome offer, you earn 4 points per $1 spent on eligible categories—such as restaurants, groceries, and utilities—up to $10,000 annually. Plus, new account holders can receive up to 10,000 bonus points if certain conditions are met. The interest rates are 21.99% for purchases, and 22.99% for balance transfers and cash advances. This card features standard Mastercard security benefits to protect your purchases and identity.
How to Apply Easily
Applying for the MBNA Rewards Platinum Plus Mastercard is straightforward. First, ensure you meet the eligibility requirements. This typically means you must be a Canadian resident of legal age in your province, and have the required income or credit history. Fill in your personal information, provide employment and financial details, and submit your application online. Wait for approval, which often occurs quickly.
Key Advantages
One of the main pros is there is no annual fee, allowing you to accumulate points without extra costs. The generous welcome offer gives you a head start on rewards, making it attractive if you frequently spend in bonus categories. MBNA’s platform is easy to use and includes solid security protocols, ensuring your peace of mind while shopping or travelling. Points are flexible, redeemable for merchandise, travel, or other rewards.
Potential Drawbacks
The main drawback is the high interest rate, which means this card is ideal for those who pay off their balance monthly. Also, the bonus points are capped annually, so big spenders might find rewards limited. Those seeking premium perks like airport lounge access or enhanced travel insurance may want to consider higher-tier cards.
Final Verdict
Overall, the MBNA Rewards Platinum Plus Mastercard is a great fit for Canadians who want a zero-fee card with valuable rewards and an impressive welcome bonus. If you’re disciplined with payments and spend primarily in bonus categories, it provides solid value and flexibility.
