MBNA No Annual Fee Credit Cards—Top Rewards and Welcome Offers Reviewed

The MBNA suite of no annual fee credit cards offers a selection designed for Canadians who want rewards, strong security, and no yearly cost. Key highlights include robust welcome bonuses, cash back perks, and unique features for each card.

For example, the MBNA True Line® Mastercard® offers a 0% annual interest rate on balance transfers for 12 months when completed within 90 days of opening your account. Standard purchase interest is 12.99%. Cash advances are at 24.99%. This card has no annual fee, making it an attractive choice for balance transfers.

If you’re looking for rewards, the MBNA Rewards Platinum Plus® Mastercard® provides 4 points per $1 spent on categories like groceries and restaurants, up to $10,000 annually. Additionally, you can earn up to 10,000 bonus points as a welcome offer, with competitive interest rates on purchases and balance transfers.

The MBNA Smart Cash Platinum Plus® Mastercard® is ideal for everyday spending, with a 5% cash back offer on gas and groceries for the first 6 months (up to $500 monthly in these categories), and no annual fee. Regular interest rates on purchases are 21.99%.

Lastly, the Amazon.ca Rewards Mastercard offers 5% back at Amazon.ca and Whole Foods for your first 6 months, also with no annual fee. Purchase interest is at 21.74% and balance transfers/cash advances are 22.99%.

How to Apply

• Choose your preferred MBNA no annual fee credit card.
• Prepare your personal and financial information.
• Complete the online application form—typically takes around 10 minutes.
• Review and submit your application.
• Wait for approval and follow the next steps provided by MBNA.

Pros

MBNA’s no annual fee cards are packed with welcome offers, from bonus points to exceptional balance transfer rates. The cards are equipped with top-tier security features such as Apple Pay, making your purchases safer. There is a strong rewards structure for both points and cash back depending on the card.

Cons

The generous introductory offers are typically capped—such as a maximum spend for higher rewards—and standard interest rates on purchases after the intro period may be higher than some competitors. Be aware that balance transfers incur a 3% fee.

Verdict

MBNA no annual fee credit cards represent solid options for those wanting rewards with no yearly cost. With a mix of cash back, points, and strong security, these offers should appeal to a range of spending styles. Just watch for the caps on bonuses and transfer fees.