Best MBNA credit cards in Canada
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Updated: September 21, 2023
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MBNA is a financial institution that’s focused exclusively on credit cards, which might be why MBNA credit cards are among the best offered in Canada. They issue Mastercards and Visas, including cards that offer low or no annual fees, high rewards and loyalty points, or that support your favourite Canadian school, sports team, or charitable donations. Here are our top-rated MBNA credit cards.
MBNA Rewards Platinum Plus Mastercard
Quick Facts
Credit score required: Fair-good
Minimum personal income required: N/A
Annual fees: $0
MBNA Rewards points come quickly and easily via the MBNA Rewards Platinum Plus® Mastercard®. A generous bonus of 10,000 points†† is offered to new cardholders: 5,000 bonus points†† after your first $500 in eligible purchases and 5,000 bonus points†† once enrolled in paperless e-statements (both within the first 90 days). There is also an introductory bonus period where cardholders earn 4 points†† for every $1 spent on groceries, restaurants, digital media, memberships, and household utilities during the first 90 days.
After that the card collects 2 points‡ per $1 spent in those categories, and 1 point‡ per $1 on all other eligible purchases. It’s important to note that there’s a $10,000 spending limit annually within each of those enhanced spending categories, after which the accelerated earn rate is reduced to the base rate of 1 point per $1 for the remainder of the year. Points can be redeemed for merchandise, gift cards, and even cash back against a statement credit, though they get their best value for airfare and other travel-related services like cruise packages and hotels.
The cards’ high earn rates, plus the absence of any annual fee and the inclusion of insurance and protective features, make the MBNA Rewards Platinum Plus® Mastercard® a great rewards option for those loyal to MBNA. Purchases are subject to a 19.99% interest rate. Balance transfers have an interest rate of 22.99%✪ and cash advances are 24.99%.
Click here to apply or learn more by reading our complete MBNA Rewards Platinum Plus® Mastercard® review.
‡, ††, ✪, ***, Terms and Conditions apply
This offer is not available for residents of Quebec. For residents of Quebec, please click here.
Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button.
The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank. ®MBNA and other-trademarks are the property of The Toronto-Dominion Bank.
Best MBNA low interest credit card
MNBA True Line Gold Mastercard credit card
Quick Facts
Credit score required: Fair-good
Minimum personal income required: N/A
Annual fees: $39
Cash advance rate: 24.99%
MBNA’s True Line® Gold Mastercard® credit card offers a low rate of 8.99%✪ on balance transfers, which is a refreshingly low number considering other cards’ 20+% interest. It’s a near guarantee that the rate is lower than what anyone with a balance is currently paying.
Though the card has a small annual fee of $39, the amount of money that an average cardholder will save with the significantly low balance transfer rate will likely pay that back and then some. The interest on purchases is 8.99%, which is great for those who plan on using the card to pay for goods and services. The cash advance rate is a standard 24.99%.
Click here to apply or learn more by reading our MBNA True Line® Gold Mastercard® credit card review.
✪, Terms and Conditions apply.
This offer is not available for residents of Quebec.
Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button.
The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank. ®MBNA and other-trademarks are the property of The Toronto-Dominion Bank.
Best MBNA no annual fee credit card
MBNA True Line Mastercard credit card
Quick Facts
Credit score required: Fair-good
Minimum personal income required: N/A
Annual fees: $0
Cash advance rate: 24.99%
Those who want to save on the often-exorbitant interest rates charged to outstanding credit card balances, but who also prefer a no-fee card as opposed to paying an annual fee, will appreciate MBNA’s True Line® Mastercard® credit card. Identical in many ways to its cousin the MBNA True Line® Gold Mastercard® credit card, the two cards differ in their annual fee and their interest rates. The MBNA True Line® Gold Mastercard® credit card has an annual fee of $39 and a purchase rate of 8.99%, while the MBNA True Line® Mastercard® credit card has an annual fee of $0 and charges 12.99% interest on purchases, along with 12.99%✪ on balance transfers.
This card also has a standard 24.99% cash advance rate, but with the low interest you’d be paying on your credit card balances, the ability to pay low interest on everyday purchases and the lack of an annual fee make this card noteworthy.
You could get a 0% promotional annual interest rate (“AIR”)† for 12 months on balance transfers✪ completed within 90 days of account opening (3% Balance Transfer Fee applies, $7.50 minimum).
Click here to apply or learn more by reading our complete MBNA True Line® Mastercard® credit card review.
†, ✪, Terms and Conditions apply.
This offer is not available for residents of Quebec.
Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button.
The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank. ®MBNA and other-trademarks are the property of The Toronto-Dominion Bank.
Best MBNA cashback credit card
MBNA Smart Cash World Mastercard
Quick Facts
Credit score required: Fair-good
Minimum personal income required: $60,000 ††††
Annual fees: $39
Those who favour the simple, direct savings provided by a cashback credit card will love the MBNA Smart Cash® World Mastercard®, which earns fast cash back on common purchases like gas and groceries. For their first 6 months with the card, cardholders will earn a bonus rate of 5% cash back†† in these purchase categories until they’ve spent $500 on them during the month, at which point the rate is reduced to 1%‡ until the next month begins.
The standard post-promotional cashback rate is 2%‡ for the life of the card on gas and groceries, though cardholders should be aware that the same $500 spending maximum applies here as well. After spending $500 on gas at 2%‡ cash back, for example, the rate is then reduced to the 1%‡ base rate that the card collects on every eligible purchase. Also keep in mind that there’s a minimum annual income requirement to be eligible for the MBNA Smart Cash® World Mastercard® card of $60,000†††† personally. The card carries an annual fee of $39 as well, which can be easily offset by its rapid collection of cash. In addition to the regular purchase rate of 19.99%, balance transfers are 22.99%✪ and cash advances are 24.99%.
‡, ††, ††††, ✪, Terms and Conditions apply.
This offer is not available for residents of Quebec. For residents of Quebec, please click here.
Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button.
The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank. ®MBNA and other-trademarks are the property of The Toronto-Dominion Bank.
Best MBNA no-fee cash back credit card
MBNA Smart Cash Platinum Plus Mastercard
Quick Facts
Credit score required: Fair-good
Minimum personal income required: N/A
Annual fees: $0
Some might have trouble reconciling an annual fee for the privilege of earning cash back. This is one reason why cashback cards that have no annual fee are in demand, and MBNA fans will find a solid option for this in the MBNA Smart Cash Platinum Plus® Mastercard®. Slightly different than the MBNA Smart Cash® World Mastercard®, the Platinum version has no income requirement and no annual fee, but accordingly a lower all-purchases cashback rate of 0.5%‡ instead of 1%. The same 5% cashback promotion†† for gas and groceries still applies, as does the $500 per month spending limit.
After the promotion ends the card offers 2% cash back‡ on gas and groceries until spending in those categories reaches $500, just like the MBNA Smart Cash® World Mastercard®, though that earn rate will then be downgraded to the lower 0.5% rate. We recommend cardholders pay $39 for the 1% rate‡ with the MBNA Smart Cash® World Mastercard® instead of $0 for the 0.5% rate‡ with the MBNA Smart Cash Platinum Plus® Mastercard® if they are likely to buy around $8,000 worth of items per year that aren’t gas or groceries.
In addition to the regular purchase rate of 19.99%, balance transfers are 22.99%✪ and cash advances are 24.99%.
‡, ††, ✪, Terms and Conditions apply
This offer is not available for residents of Quebec. For residents of Quebec, please click here.
Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button.
The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank. ®MBNA and other-trademarks are the property of The Toronto-Dominion Bank.
Choose the right MBNA card for you
Whether you’re after high rewards or low fees, there’s an MBNA credit card that suits your circumstances. As long as you make sure to use your card responsibly, MBNA credit cards are a good choice for a financially healthy lifestyle.
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