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Best MBNA credit cards in Canada

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Updated: January 08, 2024

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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. MBNA issues only Mastercards and no longer issues Visa cards, ansd MBNA credit cards offer low or no annual fees, high rewards and loyalty points. You can also get MBNA  Mastercards that support your favourite Canadian school, sports team, or charitable donations. Here's our list of best MBNA credit cards in Canada.

Best MBNA credit card overall

MBNA Rewards Platinum Plus Mastercard

10,000 Get up to 10,000 MBNA Rewards points†† as an introductory bonus (see details below)

$0 Annual Fee

19.99% Purchase APR

24.99% Cash Advance APR

22.99% Balance Transfer Rate

Good Recommended Credit Score

Welcome Offer

Earn 4 points per $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases until $10,000 is spent annually. You could also receive up to 10,000 bonus points.

Learn more
  • Overview of the MBNA Rewards Platinum Plus Mastercard

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    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 four points†† for every $1 spent on groceries, restaurants, digital media, memberships and household utilities during the first 90 days.

    After that the card collects two points per $1 spent in those categories, and one 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 one 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%.

    , ††, , ***, 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 Mastercard

MBNA Rewards World Elite® Mastercard®

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.

$120 Annual Fee

19.99% Purchase APR

24.99% Cash Advance APR

22.99% Balance Transfer Rate

Good Recommended Credit Score

$80,000 Required Annual Personal Income

$150,000 Required Annual Household Income

Welcome Offer

Earn up to 30,000 bonus MBNA Rewards Points†† for cash back, gift cards and more.

Learn more
  • Overview of the MBNA Rewards World Elite Mastercard

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    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.

    Plus, don't forget your birthday bonus points where you could earn up to 15,000 Bonus points depending on how much you spend in the 12 months leading up to your birthday.

Best MBNA credit card for low interest

MBNA True Line® Gold Mastercard®

8.99 8.99% interest rate on purchases and 8.99%✪ on balance transfers

$39 Annual Fee

8.99% Purchase APR

24.99% Cash Advance APR

8.99% Balance Transfer Rate

Good Recommended Credit Score

Welcome Offer

Get up to 1.5% cash back on your day-to-day purchases

Learn more
  • Overview of the MBNA True Line® Gold Mastercard®

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    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%.

    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 Mastercard with no annual fee

MBNA True Line Mastercard

0% New cardholders can enjoy a 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

$0 Annual Fee

12.99% Purchase APR

24.99% Cash Advance APR

12.99% Balance Transfer Rate

Good Recommended Credit Score

Welcome Offer Ends Dec 31, 2024

Get a 0% promotional annual interest rate (“AIR”)† for 12 months on balance transfers✪ completed within 90 days of account opening.

Learn more
  • Overview of the MBNA True Line Mastercard

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    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).

    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 Mastercard with cash back

MBNA Smart Cash World Mastercard

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

$39 Annual Fee

19.99% Purchase APR

24.99% Cash Advance APR

22.99% Balance Transfer Rate

Good Recommended Credit Score

$60,000 Required Annual Personal Income

$100,000 Required Annual Household Income

Welcome Offer

Earn 5% Cash Back on gas and groceries for the first 6 months ($500 spend cap)

Learn more
  • Overview of the MBNA Smart Cash World Mastercard

    +

    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.

    , ††, ††††, , 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 credit card with no-fee cash back

MBNA Smart Cash Platinum Plus® Mastercard®

2% Earn 2% on gas and groceries ($500 monthly spend cap)

0.5% Get 0.5% cash back on all other purchases

$0 Annual Fee Up to 9 additional card with no annual fee

19.97% Purchase APR

24.99% Cash Advance APR

22.99% Balance Transfer Rate

Good Recommended Credit Score

Welcome Offer

Earn 5% Cash Back on gas and groceries for the first 6 months (until $500 spend cap reached)

Learn more
  • Overview of the MBNA Smart Cash Platinum Plus® Mastercard®

    +

    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, 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.

Compare MBNA Mastercard credit cards

MBNA card
Card type
Special features
Rates/fees
Apply
MBNA Rewards Platinum Plus® Mastercard®
Travel/Rewards
Accelerated rate of 4 points/ $1 on gas, grocery, restaurants
19.99% APR 22.99% BTR 24.99% CAR $0 Annual Fee
MBNA Rewards World Elite® Mastercard®
Travel/Rewards
Accelerated rate of 5 points/ $1 on gas, grocery, restaurants
19.99% APR 22.99% BTR 24.99% CAR $120 Annual Fee ($50 for extra cards)
MBNA True Line® Gold Mastercard®
Low interest
8.99% on purchases on year-round
8.99% APR 8.99% BTR 24.99% CAR $39 Annual Fee
MBNA True Line® Mastercard®
Low interest
No annual fee
12.99% APR 12.99% BTR 24.99% CAR $0 Annual Fee
MBNA Smart Cash® World Mastercard®
Cash back
Welcome bonus: 5% on gas and groceries for 6 months; Earn rate: 2%, conditions apply
19.99% APR 22.99% BTR 24.99% CAR $39 Annual Fee
MBNA Smart Cash Platinum Plus® Mastercard®
Cash back
Welcome bonus: 5% on gas and groceries for 6 months; Earn rate: 2%, all-purchases cash back rate of 0.5%, conditions apply
19.99% APR 22.99% BTR 24.99% CAR $0 Annual Fee

† Terms and conditions apply

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.

About our author

Scott Birke
Scott Birke, Finance editor, Money.ca

Scott Birke is a finance editor and writer with an interest in credit cards, investing, saving money and personal finance. Scott joined Wise Publishing from Finder, and his byline has appeared in the National Post, Mountain Life and Rock and Ice. When he's not trying to help Money.ca readers save money by comparing better financial products, he can be found riding his snowboard or mountain bike or listening to his small (but growing) vinyl collection.

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