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The 3 top MBNA Canada credit cards
MBNA credit cards offer an enticing mix of rewards, low interest rates and comprehensive insurance to keep you safe.
MBNA credit cards might not be a well-known as some other providers in Canada, but its range of card offerings is exceptional. MBNA issues only Mastercards and offer low or no annual fees, high rewards, and loyalty points—and you can get an MBNA credit card to support your favourite Canadian school, sports team, or charitable donations. Here's our list of the best MBNA credit cards in Canada.
Best card overall 🏆
Best MBNA credit card overall
up to 10,000 points
Welcome Bonus
$860
First Year Value
$360
Annual Value
Welcome Bonus: Earn 4 points per $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases until $10,000 is spent annually. Plus, earn up to 10,000 bonus points†.
Get this card if you...
- want to earn rewards on everyday purchases such as groceries
- value flexible redemption options
- want to avoid paying any annual fees
Annual Fee & Annual Interest Rates
$0
Annual Fee
19.99%
Purchase
24.99%
Cash Advance
22.99%
Balance Transfer
Our Take
The MBNA Rewards Platinum Plus® Mastercard® is a no-annual-fee credit card that allows cardholders to earn rewards points on everyday purchases, with accelerated rates in categories such as groceries, restaurants, digital media, memberships, and household utilities. These points can be redeemed flexibly for travel, merchandise, gift cards, or cash back, providing versatility to suit various spending habits and preferences.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
- No annual fee
- Accelerated rewards on groceries, restaurants, and more
- Simple point structure with flexible redemption options
- Generous introductory bonus of up to 10,000 points
- No cap on total points earned
Cons
- Lower cash back redemption rate compared to designated cash back cards
- Limited benefits beyond rewards
- Points system may not appeal to cash back enthusiasts
- Higher earning categories have a spending cap of $10,000 annually
- Better suited for travel rewards than cash back
Annual Interest Rates
19.99%
Purchase
24.99%
Cash Advance
22.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards MBNA Rewards
10,000
Get up to 10,000 MBNA Rewards points†† as an introductory bonus (see details below)
Insurance Benefits
$1,000
Mobile device insurance amount
For the first 90 days of account opening, new cardholders will earn an additional 2 points/$1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases (on top of the regular earn rate of 2 points/$1 spent) until $10,000 is spent annually in each category.
Plus, new cardholders can get up to 10,000 bonus MBNA Rewards points †† when they sign up for paperless e-statements (5,000 points†) and make $500 or more in purchases within the first 90 days (another 5,000 points†).
Our Take
The MBNA Rewards Platinum Plus® Mastercard® is a no-annual-fee credit card that allows cardholders to earn rewards points on everyday purchases, with accelerated rates in categories such as groceries, restaurants, digital media, memberships, and household utilities. These points can be redeemed flexibly for travel, merchandise, gift cards, or cash back, providing versatility to suit various spending habits and preferences.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
- No annual fee
- Accelerated rewards on groceries, restaurants, and more
- Simple point structure with flexible redemption options
- Generous introductory bonus of up to 10,000 points
- No cap on total points earned
Cons
- Lower cash back redemption rate compared to designated cash back cards
- Limited benefits beyond rewards
- Points system may not appeal to cash back enthusiasts
- Higher earning categories have a spending cap of $10,000 annually
- Better suited for travel rewards than cash back
Annual Interest Rates
19.99%
Purchase
24.99%
Cash Advance
22.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards MBNA Rewards
10,000
Get up to 10,000 MBNA Rewards points†† as an introductory bonus (see details below)
Insurance Benefits
$1,000
Mobile device insurance amount
For the first 90 days of account opening, new cardholders will earn an additional 2 points/$1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases (on top of the regular earn rate of 2 points/$1 spent) until $10,000 is spent annually in each category.
Plus, new cardholders can get up to 10,000 bonus MBNA Rewards points †† when they sign up for paperless e-statements (5,000 points†) and make $500 or more in purchases within the first 90 days (another 5,000 points†).
MBNA Rewards points come quickly and easily via the MBNA Rewards Platinum Plus® Mastercard®. Earn 4 points per $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases until $10,000 is spent annually. Plus, earn up to 10,000 bonus points†.††
After that the card collects 2 MBNA Rewards points on groceries, dining, streaming, memberships and recurring bills‡, and 1 MBNA Rewards point on all other purchases‡. 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.
Important Notice: Effective from the first day of your statement period beginning September 2025 and reflected on your October 2025 statement - Standard Annual Interest Rates of 21.99% on eligible purchases, 22.99% on balance transfers✪, and 22.99% on cash advances
Disclosures:
- ‡, ††, ✪, ***, 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 Mastercard
Best MBNA Mastercard
up to 30,000 points
Welcome Bonus
$972
First Year Value
$672
Annual Value
Welcome Bonus: Earn up to 30,000 bonus MBNA Rewards Points†† for cash back, gift cards and more. Conditions Apply.
Get this card if you...
- want to take advantage of high earn rates
- need comprehensive travel insurance benefits
- want flexible point redemption
Annual Fee & Annual Interest Rates
$120
Annual Fee
19.99%
Purchase
24.99%
Cash Advance
22.99%
Balance Transfer
Our Take
The MBNA Rewards World Elite® Mastercard® is a premium credit card offering accelerated rewards on categories such as groceries, restaurants, digital media, memberships, and household utilities. It provides flexible redemption options, including travel, merchandise, gift cards, and cash back, along with benefits like a generous welcome bonus, birthday bonus points, and comprehensive insurance coverage.
Eligibility
Good (620 - 670)
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Pros
- High earn rates: Up to 5 points per $1 on groceries, restaurants, digital media, memberships, utilities
- Generous welcome bonus of up to 30,000 points, covering first-year annual fee
- Points never expire, flexible redemption options including travel and statement credit
- Birthday bonus: Up to 15,000 points annually, 10% of points earned in the previous year
- Comprehensive benefits: Price protection, purchase assurance, extended warranty, travel insurance
Cons
- High income requirements: $80,000 personal or $150,000 household income
- Annual fee of $120 after the first year
- Travel insurance package not as robust as other cards at similar price points
Annual Interest Rates
19.99%
Purchase
24.99%
Cash Advance
22.99%
Balance Transfer
Fees
$120
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards MBNA Rewards
30,000
MBNA offers up to a 30,000-point welcome bonus
5
You get five points‡ per dollar spent on groceries, restaurants, digital media, memberships, and household utilities
1
All other purchases outside those categories earn one point per $1 spent.
Insurance Benefits
$1,000
Mobile device insurance amount
$200,000
Rental car insurance amount
Earn up to 30,000 bonus MBNA Rewards Points†† for cash back, gift cards and more. Conditions Apply.
20,000 bonus points†† (approximately $165 in cash back value) after you make $2,000 or more in eligible purchases within the first 90 days of your account opening.
10,000 bonus points††(approximately $80 in cash back value) once enrolled for paperless e-statements within the first 90 days of account opening.
This offer is not available for residents of Quebec. For residents of Quebec, please click here.
Our Take
The MBNA Rewards World Elite® Mastercard® is a premium credit card offering accelerated rewards on categories such as groceries, restaurants, digital media, memberships, and household utilities. It provides flexible redemption options, including travel, merchandise, gift cards, and cash back, along with benefits like a generous welcome bonus, birthday bonus points, and comprehensive insurance coverage.
Eligibility
Good (620 - 670)
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Pros
- High earn rates: Up to 5 points per $1 on groceries, restaurants, digital media, memberships, utilities
- Generous welcome bonus of up to 30,000 points, covering first-year annual fee
- Points never expire, flexible redemption options including travel and statement credit
- Birthday bonus: Up to 15,000 points annually, 10% of points earned in the previous year
- Comprehensive benefits: Price protection, purchase assurance, extended warranty, travel insurance
Cons
- High income requirements: $80,000 personal or $150,000 household income
- Annual fee of $120 after the first year
- Travel insurance package not as robust as other cards at similar price points
Annual Interest Rates
19.99%
Purchase
24.99%
Cash Advance
22.99%
Balance Transfer
Fees
$120
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards MBNA Rewards
30,000
MBNA offers up to a 30,000-point welcome bonus
5
You get five points‡ per dollar spent on groceries, restaurants, digital media, memberships, and household utilities
1
All other purchases outside those categories earn one point per $1 spent.
Insurance Benefits
$1,000
Mobile device insurance amount
$200,000
Rental car insurance amount
Earn up to 30,000 bonus MBNA Rewards Points†† for cash back, gift cards and more. Conditions Apply.
20,000 bonus points†† (approximately $165 in cash back value) after you make $2,000 or more in eligible purchases within the first 90 days of your account opening.
10,000 bonus points††(approximately $80 in cash back value) once enrolled for paperless e-statements within the first 90 days of account opening.
This offer is not available for residents of Quebec. For residents of Quebec, please click here.
The highest annual fee of all the MBNA credit cards means it comes with the most perks.
You can redeem your rewards your way—from travel to cash back and more. With this card, you earn 5 points for every $1 spent at restaurants, grocery stores, digital media, memberships, and household utilities.
You also get a sweet Welcome Bonus to help get you started which pays off its annual fee anyway.
Important Notice: Effective from the first day of your statement period beginning September 2025 and reflected on your October 2025 statement - Standard Annual Interest Rates of 21.99% on eligible purchases, 22.99% on balance transfers✪, and 22.99% on cash advances
Disclosures:
-
††, ‡, ✪, ***, ††††, 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 low APR card
Best MBNA credit card for low interest
$0
First Year Value
$0
Annual Value
Get this card if you...
- want a low-interest rate on purchases and balance transfers
- want to lower existing credit card debt
- value purchase protection and extended warranty coverage
Annual Fee & Annual Interest Rates
$39
Annual Fee
10.99%
Purchase
24.99%
Cash Advance
13.99%
Balance Transfer
Our Take
The MBNA True Line® Gold Mastercard® is a low-interest credit card designed for individuals seeking to manage their credit card debt more effectively. It offers essential benefits such as purchase assurance, extended warranty coverage, and fraud protection.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
- Low interest rate on purchases and balance transfers
- Proactive fraud protection
Cons
- $39 annual fee
- Penalty interest rate if minimum payments are missed
Annual Interest Rates
10.99%
Purchase
24.99%
Cash Advance
13.99%
Balance Transfer
Fees
$39
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards
10.99%
10.99% interest rate on purchases and 13.99% on balance transfers✪
100%
This card is made from 100% recycled plastic
Funds Transfer
Use available credit on your credit card to transfer funds right to your chequing account.
Our Take
The MBNA True Line® Gold Mastercard® is a low-interest credit card designed for individuals seeking to manage their credit card debt more effectively. It offers essential benefits such as purchase assurance, extended warranty coverage, and fraud protection.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
- Low interest rate on purchases and balance transfers
- Proactive fraud protection
Cons
- $39 annual fee
- Penalty interest rate if minimum payments are missed
Annual Interest Rates
10.99%
Purchase
24.99%
Cash Advance
13.99%
Balance Transfer
Fees
$39
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards
10.99%
10.99% interest rate on purchases and 13.99% on balance transfers✪
100%
This card is made from 100% recycled plastic
Funds Transfer
Use available credit on your credit card to transfer funds right to your chequing account.
MBNA True Line Gold Mastercard - 🏆 winner, best low APR card in the Money.ca Credit Card Awards
MBNA’s True Line® Gold Mastercard® credit card offers a low rate of 13.99%✪ 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 10.99%, 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%.
Disclosures:
-
†, ✪, 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 no fee card
Best MBNA Mastercard with no annual fee
0% intro rate
Welcome Bonus
$0
First Year Value
$0
Annual Value
Welcome Bonus: Get a 0% promotional annual interest rate (“AIR”)† for 12 months on balance transfers✪ completed within 90 days of account opening.
Get this card if you...
- want a low interest rate with no annual fee
- value extended warranty and purchase protection
- want to pay down existing credit card debt
Annual Fee & Annual Interest Rates
$0
Annual Fee
12.99%
Purchase
24.99%
Cash Advance
17.99%
Balance Transfer
Our Take
The MBNA True Line® Mastercard® is a no-annual-fee credit card designed for individuals seeking a low-interest option for managing their finances. It offers a competitive interest rate on purchases and balance transfers, along with benefits such as fraud protection and discounts on car rentals.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
- Solid welcome offer: 12 months of 0% APR† on balance transfers✪ made within the first 90 days (3% transfer fee applies)
- No annual fee or minimum income requirement
- Low standard interest rate of 12.99% for all new purchases charged to the card
- Some extra perks like fraud protection and a discount on car rentals
Cons
- 3% balance transfer fee is comparatively high
- Very high cash advance interest rate of 24.99%
- No insurance benefits
- Can’t transfer a balance owed to either MBNA or TD
Annual Interest Rates
12.99%
Purchase
24.99%
Cash Advance
17.99%
Balance Transfer
0.00%
Balance Transfer (Introductory)
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards
0%
Promotional annual interest rate† (a 3% transfer fee applies) for 12 months on any balance transfer✪ completed within 90 days of opening the account.
100%
This card is made from 100% recycled plastic
Our Take
The MBNA True Line® Mastercard® is a no-annual-fee credit card designed for individuals seeking a low-interest option for managing their finances. It offers a competitive interest rate on purchases and balance transfers, along with benefits such as fraud protection and discounts on car rentals.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
- Solid welcome offer: 12 months of 0% APR† on balance transfers✪ made within the first 90 days (3% transfer fee applies)
- No annual fee or minimum income requirement
- Low standard interest rate of 12.99% for all new purchases charged to the card
- Some extra perks like fraud protection and a discount on car rentals
Cons
- 3% balance transfer fee is comparatively high
- Very high cash advance interest rate of 24.99%
- No insurance benefits
- Can’t transfer a balance owed to either MBNA or TD
Annual Interest Rates
12.99%
Purchase
24.99%
Cash Advance
17.99%
Balance Transfer
0.00%
Balance Transfer (Introductory)
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards
0%
Promotional annual interest rate† (a 3% transfer fee applies) for 12 months on any balance transfer✪ completed within 90 days of opening the account.
100%
This card is made from 100% recycled plastic
MBNA True Line Mastercard - 🏆 winner, best balance transfer card in the Money.ca Credit Card Awards
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 10.99%, while the MBNA True Line® Mastercard® credit card has an annual fee of $0 and charges 12.99% interest on purchases, along with 17.99%✪ on balance transfers.
This card also has a standard 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.
Disclosures:
-
†, ✪, 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 cash back Mastercard
Best MBNA Mastercard with cash back
5% cash back
Welcome Bonus
$417
First Year Value
$267
Annual Value
Welcome Bonus: Earn 5% Cash Back on gas and groceries for the first 6 months ($500 monthly spend cap).
Get this card if you...
- want to earn cash back on everyday purchases
- want comprehensive insurance coverage
- want to avoid paying a high annual fee
Annual Fee & Annual Interest Rates
$39
Annual Fee
19.99%
Purchase
24.99%
Cash Advance
22.99%
Balance Transfer
Our Take
The MBNA Smart Cash World Mastercard® is a cash back credit card offering elevated earn rates on gas and grocery purchases, with a monthly cap on bonus cash back earnings. Cardholders benefit from a welcome bonus, rental vehicle collision damage waiver, and price protection services, though the card carries an annual fee and requires a higher income for eligibility.
Eligibility
Good (620 - 670)
Recommended Credit Score
$50,000
Required Annual Personal Income
$80,000
Required Annual Household Income
Pros
- Welcome Bonus: Accelerated cash back rate during the initial six months of account opening
- Above-average cash back rates after the initial six months bonus offer - up to 2% cash back on eligible purchases
- The first additional card comes with no extra fee, making it a good option for families.
- Rental Vehicle Collision Damage Waiver - beneficial for those who frequently rent cars.
- Price Protection Service
- Low annual fee
Cons
- High-interest rates mean carrying a balance can be expensive – and quickly negate the benefits of earning cash back.
- Monthly spend cap on higher cash back rate
- Limited insurance benefits
- Welcome Bonus cap
- Regional variations in interest rates
Annual Interest Rates
19.99%
Purchase
24.99%
Cash Advance
22.99%
Balance Transfer
Fees
$39
Annual Fee
2.52%
Foreign Transaction
3.00%
Balance Transfer
Rewards cash back
2%
Earn cash 2% on gas and groceries ($500 monthly cap)
1%
Earn 1% cash back on all other purchases
9
Include up to 9 authorized users with no additional annual fee
Insurance Benefits
$200,000
Rental car insurance amount
Earn 5% Cash Back on gas and groceries for the first 6 months ($500 monthly spend cap).
Limit one-time bonus MBNA Dollars offer per new account. This promotion is offered by MBNA and may be amended or cancelled at any time without notice.
Our Take
The MBNA Smart Cash World Mastercard® is a cash back credit card offering elevated earn rates on gas and grocery purchases, with a monthly cap on bonus cash back earnings. Cardholders benefit from a welcome bonus, rental vehicle collision damage waiver, and price protection services, though the card carries an annual fee and requires a higher income for eligibility.
Eligibility
Good (620 - 670)
Recommended Credit Score
$50,000
Required Annual Personal Income
$80,000
Required Annual Household Income
Pros
- Welcome Bonus: Accelerated cash back rate during the initial six months of account opening
- Above-average cash back rates after the initial six months bonus offer - up to 2% cash back on eligible purchases
- The first additional card comes with no extra fee, making it a good option for families.
- Rental Vehicle Collision Damage Waiver - beneficial for those who frequently rent cars.
- Price Protection Service
- Low annual fee
Cons
- High-interest rates mean carrying a balance can be expensive – and quickly negate the benefits of earning cash back.
- Monthly spend cap on higher cash back rate
- Limited insurance benefits
- Welcome Bonus cap
- Regional variations in interest rates
Annual Interest Rates
19.99%
Purchase
24.99%
Cash Advance
22.99%
Balance Transfer
Fees
$39
Annual Fee
2.52%
Foreign Transaction
3.00%
Balance Transfer
Rewards cash back
2%
Earn cash 2% on gas and groceries ($500 monthly cap)
1%
Earn 1% cash back on all other purchases
9
Include up to 9 authorized users with no additional annual fee
Insurance Benefits
$200,000
Rental car insurance amount
Earn 5% Cash Back on gas and groceries for the first 6 months ($500 monthly spend cap).
Limit one-time bonus MBNA Dollars offer per new account. This promotion is offered by MBNA and may be amended or cancelled at any time without notice.
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 six 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.
Important Notice: Effective from the first day of your statement period beginning September 2025 and reflected on your October 2025 statement - Standard Annual Interest Rates of 21.99% on eligible purchases, 22.99% on balance transfers✪, and 22.99% on cash advances
Disclosures:
-
‡, ††, ✪, 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 no fee cash back
Best MBNA Canada credit card with no-fee cash back
5% cash back
Welcome Bonus
$393
First Year Value
$243
Annual Value
Welcome Bonus: Earn 5% Cash Back†† on eligible gas and grocery purchases for the first 6 months (until the total gas and grocery purchases in the applicable month reaches $500).
Get this card if you...
- want to earn cash back on gas and groceries
- value a no-annual-fee card that still offers strong rewards
- want a flexible rewards program
Annual Fee & Annual Interest Rates
$0
Annual Fee
19.99%
Purchase
24.99%
Cash Advance
22.99%
Balance Transfer
Our Take
The MBNA Smart Cash Platinum Plus® Mastercard® is a no-annual-fee credit card that offers cash back on everyday purchases, with elevated rates for gas and groceries. Cardholders also benefit from features such as purchase assurance and extended warranty.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
- Generous Welcome Bonus to earn accelerated rewards during the initial six months of account opening
- No annual fee
- Ongoing cash back rewards after the welcome bonus - up to 2% cash back on eligible purchases
- Car rental discounts
- MBNA Payment Plan: Flexible payment options for purchases over $100, which is a nice perk for budget management.
- Purchase assurance and extended warranty
Cons
- Monthly spend cap on the welcome bonus rewards earn rate
- Limited reward categories
- Potential fees for payment plan
- No travel rewards or premium perks
Annual Interest Rates
19.99%
Purchase
24.99%
Cash Advance
22.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards cash back
2%
Cash Back‡ on eligible gas and grocery purchases thereafter (until the total gas and grocery purchases in the applicable month reaches $500)
0.5%
Get 0.5% Cash Back‡ for all other eligible purchases
Insurance Benefits
$200,000
Rental car insurance amount
Earn 5% Cash Back on eligible gas and groceries purchases for the first 6 months†† ($500 monthly spend cap).
Our Take
The MBNA Smart Cash Platinum Plus® Mastercard® is a no-annual-fee credit card that offers cash back on everyday purchases, with elevated rates for gas and groceries. Cardholders also benefit from features such as purchase assurance and extended warranty.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
- Generous Welcome Bonus to earn accelerated rewards during the initial six months of account opening
- No annual fee
- Ongoing cash back rewards after the welcome bonus - up to 2% cash back on eligible purchases
- Car rental discounts
- MBNA Payment Plan: Flexible payment options for purchases over $100, which is a nice perk for budget management.
- Purchase assurance and extended warranty
Cons
- Monthly spend cap on the welcome bonus rewards earn rate
- Limited reward categories
- Potential fees for payment plan
- No travel rewards or premium perks
Annual Interest Rates
19.99%
Purchase
24.99%
Cash Advance
22.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards cash back
2%
Cash Back‡ on eligible gas and grocery purchases thereafter (until the total gas and grocery purchases in the applicable month reaches $500)
0.5%
Get 0.5% Cash Back‡ for all other eligible purchases
Insurance Benefits
$200,000
Rental car insurance amount
Earn 5% Cash Back on eligible gas and groceries purchases for the first 6 months†† ($500 monthly spend cap).
Some might have trouble reconciling an annual fee for the privilege of earning cash back. This is one reason why cash back 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 cash back rate of 0.5%‡ instead of 1%. The same 5% cash back 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 per month, 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 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.
Important Notice: Effective from the first day of your statement period beginning September 2025 and reflected on your October 2025 statement - Standard Annual Interest Rates of 21.99% on eligible purchases, 22.99% on balance transfers✪, and 22.99% on cash advances
Disclosures:
-
‡, ††, ✪, 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.
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About MBNA
About MBNA
MBNA, a division of The Toronto-Dominion Bank, has been a trailblazer in the Canadian credit card landscape since 1997. MBNA is one of Canada's leading issuers of Mastercard credit cards, including MBNA and co-branded rewards credit cards with brands like the Royal Canadian Legion and the NBA's Toronto Raptors. MBNA stives to not just another pretty piece of plastic in your wallet – MBNA is your financial sidekick, ready to help you conquer the world of rewards, cash back, and low interest rates.
Top tip: Birthday bonuses
Who doesn't love a birthday surprise? With the MBNA Rewards World Elite® Mastercard®, you're in for a treat! Every year, you'll snag a Birthday Bonus equal to 10% of the total points you earned in the 12 months before your birthday month. It's like MBNA's throwing you a points party, capped at a whopping 15,000 bonus points. Talk about having your cake and eating it too!
How to get a card
Ready to unleash your wallet's superpowers? Snagging an MBNA credit card is easier than finding a Tim Hortons on a Canadian street corner! Here's your step-by-step guide to joining the MBNA family:
- 1 Age check: Make sure you've hit the big leagues – you need to be the age of majority in your province or territory. Sorry, kiddos, no sneaking in!
- 2 Residency: You've got be a bonafide Canadian resident. Polar bears need not apply!
- 3 Credit score: MBNA wants to take a quick look at your credit file. If this is your first credit card rodeo, you might need to start with a secured card. Think of it as credit card training wheels!
- 4 Income: While MBNA's no-fee options are pretty chill about income requirements, having a steady job never hurts. It's like telling MBNA you've got your financial ducks in a row!
- 5 Application: Head to MBNA's website and pick your plastic poison. Fill out that application like you're writing your credit card love letter. Name, birthday, address – you know the drill. Hit that submit button and feel the rush! It's like playing credit card roulette, except everyone's a winner (hopefully).
- 6 Decision time: Now, the waiting game begins. MBNA's credit ninjas will review your app faster than a hockey player on a breakaway. You might get an instant "Congrats!" or they might need a bit more time to mull it over.
- 7 New card: If you're approved, keep an eye on your mailbox. Your new card should arrive faster than a pizza delivery (okay, maybe not that fast, but within 14 business days).
- 8 Activation: Once your card arrives, activate that bad boy! It's like bringing your financial Frankenstein to life.
Remember, future credit card maestro, this process is as secure as a Canadian's love for maple syrup. MBNA uses fancy encryption that would make even James Bond jealous. So, your personal details are safer than a secret agent's identity.
MBNA credit card basics
MBNA isn't just another credit card company – they're your ticket to financial flexibility and some seriously sweet perks. Whether you're a points junkie, a cash back connoisseur, or just trying to keep those interest rates in check, MBNA's got your back.
MBNA offers card types to suit your needs
Imagine walking into an ice cream shop, but instead of flavors, you're choosing credit cards. Sounds pretty great, right? MBNA offers a card line-up that's just as tantalizing::
- Rewards cards: For those who love to watch their points stack up faster than pancakes at a lumberjack breakfast.
- Cash back cards: Because who doesn't love free money? It's like finding an extra fiver in your jeans, but way more consistent.
- Balance transfer cards: Drowning in high-interest debt? These cards are your financial life raft.
- Low APR cards: Perfect for when you need to carry a balance without feeling like you're carrying a boulder.
MBNA Rewards guide
MBNA Rewards is the rewards program for MBNA credit card cardholders. It offers a good earn rate and strong welcome bonuses. MBNA, a division of The Toronto-Dominion Bank, is known for its popular co-branded credit cards, though only two currently earn MBNA Rewards points.
Earning rewards with MBNA credit cards
As noted, currently, MBNA offers two credit cards that earn MBNA Rewards points:
| Card | Details | Learn more |
|---|---|---|
| MBNA Rewards Platinum Plus® Mastercard® |
Earn 2 MBNA Rewards points for every $1 spent†† in several categories, including groceries, restaurants, digital media, memberships, and household utilities.
Earn 1 MBNA Rewards point for every $1 spent†† on any eligible purchase made with the card. $0 annual fee |
|
| MBNA Rewards World Elite® Mastercard® |
Earn 5 MBNA Rewards points for every $1 spent†† in several categories, including groceries, restaurants, digital media, memberships and household utilities.
Earn 1 MBNA Rewards point for every $1 spent†† on any eligible purchase made with the card. $120 annual fee |
Disclosures:
- ‡, ††, ✪, ***, Terms and Conditions apply.
Redeeming Rewards
Most MBNA points redemptions can be done via onlinetravelandrewards.com. This website provides an online travel portal and product catalogue. Once you log in, you can search for redemptions that interest you. The required number of points will be displayed at checkout.
You can redeem MBNA Rewards points for the following awards:
- Travel through the MBNA Rewards travel portal
- Gift cards with leading brands
- Merchandise through the MBNA Rewards shopping portal
- Cash back
The average value of an MBNA Rewards point in Canada is $0.01, although this valuation may vary depending on your redemption choice. MBNA points do not expire if your account is open and in good standing.
Compare your points totals
How do MBNA points stack up with other currencies from Canadian credit card issuers? Use our handy calculator to see how far your MBNA Rewards can really take you:
Read more: Our comprehensive guide to MBNA Rewards
Pros and cons
Pros and cons
Pros
- Cash back: Some MBNA cards offer cash back rewards that'll have you feeling like you've hit the jackpot at a Tim Hortons Roll Up the Rim contest.
- Eco-friendly: MBNA cards are made from 100% recycled materials. You're not just spending money; you're saving the planet one swipe at a time! It's like Captain Planet and your wallet had a baby.
- No fee options: Many MBNA cards come with no annual fee, which means more money in your pocket for important things... like poutine. Or maple syrup. Or poutine covered in maple syrup (we don't judge).
Cons
- Foreign transaction fees: Most MBNA cards will charge you a 2.5% foreign transaction fee. So, if you're planning to make it rain Canadian dollars abroad, you might want to pack a different card in your luggage.
- Complex rewards: While the rewards can be generous, some users find the MBNA rewards program more complex than assembling IKEA furniture after a maple syrup chugging contest. It might take some time to master the ins and outs.
Summary of picks
Summary of MBNA Mastercard credit cards
MBNA card
Card type
Special features
Apply
MBNA Rewards Platinum Plus® Mastercard®
Travel/Rewards
Earn 4 points per $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases until $10,000 is spent annually. Plus, earn up to 10,000 bonus points†.
MBNA Rewards World Elite® Mastercard®
Travel/Rewards
Earn up to 30,000 bonus MBNA Rewards Points†† for cash back, gift cards and more. Conditions Apply.
MBNA Smart Cash® World Mastercard®
Cash back
Welcome bonus: Earn 5% Cash Back on gas and groceries for the first 6 months ($500 monthly spend cap). conditions apply
MBNA Smart Cash Platinum Plus® Mastercard®
Cash back
Welcome bonus: Earn 5% Cash Back†† on eligible gas and grocery purchases for the first 6 months (until the total gas and grocery purchases in the applicable month reaches $500)., conditions apply
Disclosures:
- ‡, ††, ✪, ***, Terms and Conditions apply.
Top tip: Use the purchase protection
Many MBNA cards come with purchase protection. It's like having a tiny bodyguard for your stuff. Use your card for big-ticket items and rest easy knowing you've got some backup if things go sideways.
MBNA users Canada
Popularity of MBNA credit cards across Canada
As part of a recent Money.ca consumer survey, we asked a group of 2,000 Canadians which credit card they use. Here’s what the data reveals:
- Prince Edward Island has the highest percentage of MBNA credit cardholders at 30.2%, which significantly surpasses other provinces and territories.
- Saskatchewan follows with 16.4%, making it the second-highest region for MBNA credit cardholders.
- Ontario is third with 15.9%, followed closely by Quebec at 15.2%
- British Columbia was next at just 12.9%.
- Both Alberta and Nova Scotia similar figures, with 11%, respectively, suggesting moderate adoption.
MBNA satisfaction
How satisfied are MBNA cardholders?
Just how satisfied are MBNA customers? Here's how TD ranks in the J.D. Power 2024 Canada Credit Card Satisfaction Study:
Conclusion
Choose the right MBNA credit 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.
FAQs
MBNA Canada FAQs
Scott Birke
Content editor, Money.ca
Scott Birke is a financial content editor at Money.ca.
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†Terms and Conditions apply.