Best MBNA credit cards in Canada
Fact Checked: Cory Santos
Updated: August 20, 2024
MBNA might not be the most well-known brand in Canada, but its range of credit card products is exceptional. 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, and 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 the best MBNA credit cards in Canada.
Best MBNA credit card overall
MBNA Rewards Platinum Plus Mastercard
![Apply now](http://media1.ribn.com/commercial-data/JamGDoFWmEeYpLb1ATV74I0R2EqJikerGVnH4UNF.png)
4.0
up to 10K pts
Welcome offerGood
Suggested credit scoreEarn 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.
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
Eligibility
Good
Recommended Credit Score
Recommended Credit Score
Good
10,000
Get up to 10,000 MBNA Rewards points†† as an introductory bonus (see details below)
Get up to 10,000 MBNA Rewards points†† as an introductory bonus (see details below)
10,000
19.99%
Purchase APR
22.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$0
Annual Fee $0
2.50%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
24.99%
Annual Fee
$0
Foreign Transaction Fee
2.50%
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
Eligibility
Good
Recommended Credit Score
Recommended Credit Score
Good
10,000
Get up to 10,000 MBNA Rewards points†† as an introductory bonus (see details below)
Get up to 10,000 MBNA Rewards points†† as an introductory bonus (see details below)
10,000
19.99%
Purchase APR
22.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$0
Annual Fee $0
2.50%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
24.99%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Best MBNA Mastercard
MBNA Rewards World Elite Mastercard
![Apply now](http://media1.ribn.com/commercial-data/VK4EvTvsnakBCxpKbagDRpn8i2F1SOLBJklh8PXz.png)
4.0
30,000 pts
Welcome offerGood
Suggested credit scoreEarn up to 30,000 bonus MBNA Rewards Points†† for cash back, gift cards and more.
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
Eligibility
Good
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
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.
MBNA offers up to a 30,000-point welcome bonus
30,000
You get five points‡ per dollar spent on groceries, restaurants, digital media, memberships, and household utilities
5
All other purchases outside those categories earn one point per $1 spent.
1
19.99%
Purchase APR
22.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$120
Annual Fee $120
2.50%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
24.99%
Annual Fee
$120
Foreign Transaction Fee
2.50%
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
Eligibility
Good
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
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.
MBNA offers up to a 30,000-point welcome bonus
30,000
You get five points‡ per dollar spent on groceries, restaurants, digital media, memberships, and household utilities
5
All other purchases outside those categories earn one point per $1 spent.
1
19.99%
Purchase APR
22.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$120
Annual Fee $120
2.50%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
24.99%
Annual Fee
$120
Foreign Transaction Fee
2.50%
Best MBNA credit card for low interest
MBNA True Line Gold Mastercard
![Apply now](http://media1.ribn.com/commercial-data/QgDX5U1RIXA95K7GDjtdwhq6cfrrhNJ9pFBYjlsI.png)
4.0
Good
Suggested credit scoreto receive the latest news, tips and offers by email
Pros
-
Low interest rate on purchases and balance transfers
-
24/7 customer service
-
Proactive fraud protection
Cons
-
$39 annual fee
-
Penalty interest rate if minimum payments are missed
Eligibility
Good
Recommended Credit Score
Recommended Credit Score
Good
10.99%
10.99% interest rate on purchases and 13.99% on balance transfers✪ and access cheques
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.
10.99% interest rate on purchases and 13.99% on balance transfers✪ and access cheques
10.99%
This card is made from 100% recycled plastic
100%
Use available credit on your credit card to transfer funds right to your chequing account.
Funds Transfer
10.99%
Purchase APR
13.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$39
Annual Fee $39
2.50%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
10.99%
Balance Transfer Rate
13.99%
Cash Advance APR
24.99%
Annual Fee
$39
Foreign Transaction Fee
2.50%
Pros
-
Low interest rate on purchases and balance transfers
-
24/7 customer service
-
Proactive fraud protection
Cons
-
$39 annual fee
-
Penalty interest rate if minimum payments are missed
Eligibility
Good
Recommended Credit Score
Recommended Credit Score
Good
10.99%
10.99% interest rate on purchases and 13.99% on balance transfers✪ and access cheques
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.
10.99% interest rate on purchases and 13.99% on balance transfers✪ and access cheques
10.99%
This card is made from 100% recycled plastic
100%
Use available credit on your credit card to transfer funds right to your chequing account.
Funds Transfer
10.99%
Purchase APR
13.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$39
Annual Fee $39
2.50%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
10.99%
Balance Transfer Rate
13.99%
Cash Advance APR
24.99%
Annual Fee
$39
Foreign Transaction Fee
2.50%
Best MBNA Mastercard with no annual fee
MBNA True Line Mastercard
![Apply now](http://media1.ribn.com/commercial-data/V6SD1E461r1z9akMwUBcYX7m7bpUvq5RHXq4Vozp.png)
3.0
0% intro rate
Welcome offerGood
Suggested credit scoreGet a 0% promotional annual interest rate (“AIR”)† for 12 months on balance transfers✪ completed within 90 days of account opening, with a 3% transfer fee.
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
Eligibility
Good
Recommended Credit Score
Recommended Credit Score
Good
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
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%
This card is made from 100% recycled plastic
100%
12.99%
Purchase APR
17.99%
Balance Transfer Rate You could get a 0% promotional annual interest rate (“AIR”)† for 12 months on balance transfers✪ completed within 90 days of account opening.
24.99%
Cash Advance APR
$0
Annual Fee $0
2.50%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
12.99%
Balance Transfer Rate
17.99%
Cash Advance APR
24.99%
Annual Fee
$0
Foreign Transaction Fee
2.50%
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
Eligibility
Good
Recommended Credit Score
Recommended Credit Score
Good
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
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%
This card is made from 100% recycled plastic
100%
12.99%
Purchase APR
17.99%
Balance Transfer Rate You could get a 0% promotional annual interest rate (“AIR”)† for 12 months on balance transfers✪ completed within 90 days of account opening.
24.99%
Cash Advance APR
$0
Annual Fee $0
2.50%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
12.99%
Balance Transfer Rate
17.99%
Cash Advance APR
24.99%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Best MBNA Mastercard with cash back
MBNA Smart Cash World Mastercard
![Apply now](http://media1.ribn.com/commercial-data/sFnDrWCF7RmjMwb4YUaE6p0ZIr0W3Z0WRWWXsA80.png)
3.7
5% cash back
Welcome offerGood
Suggested credit scoreEarn 5% Cash Back on gas and groceries for the first 6 months ($500 spend cap)
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 income requirement
-
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
Eligibility
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
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
Earn cash 2% on gas and groceries ($500 monthly cap)
2%
Earn 1% cash back on all other purchases
1%
Include up to 9 authorized users with no additional annual fee
9
19.99%
Purchase APR
22.99%
Balance Transfer Rate 3% of the balance transferred
24.99%
Cash Advance APR
$39
Annual Fee $39
2.52%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
24.99%
Annual Fee
$39
Foreign Transaction Fee
2.52%
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 income requirement
-
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
Eligibility
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
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
Earn cash 2% on gas and groceries ($500 monthly cap)
2%
Earn 1% cash back on all other purchases
1%
Include up to 9 authorized users with no additional annual fee
9
19.99%
Purchase APR
22.99%
Balance Transfer Rate 3% of the balance transferred
24.99%
Cash Advance APR
$39
Annual Fee $39
2.52%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
24.99%
Annual Fee
$39
Foreign Transaction Fee
2.52%
Best MBNA credit card with no-fee cash back
MBNA Smart Cash Platinum Plus Mastercard
![Apply now](http://media1.ribn.com/commercial-data/a2FvIAECRFjiLvfEYygb1gtKknId8AEkf75sVX43.png)
2.6
5% cash back
Welcome offerGood
Suggested credit scoreCash 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)
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
Eligibility
Good
Recommended Credit Score
Recommended Credit Score
Good
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
Cash Back‡ on eligible gas and grocery purchases thereafter (until the total gas and grocery purchases in the applicable month reaches $500)
2%
Get 0.5% Cash Back‡ for all other eligible purchases
0.5%
19.99%
Purchase APR
22.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$0
Annual Fee Up to 9 additional card with no annual fee
2.50%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
24.99%
Annual Fee
$0
Foreign Transaction Fee
2.50%
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
Eligibility
Good
Recommended Credit Score
Recommended Credit Score
Good
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
Cash Back‡ on eligible gas and grocery purchases thereafter (until the total gas and grocery purchases in the applicable month reaches $500)
2%
Get 0.5% Cash Back‡ for all other eligible purchases
0.5%
19.99%
Purchase APR
22.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$0
Annual Fee Up to 9 additional card with no annual fee
2.50%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
24.99%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Compare MBNA Mastercard credit cards
† 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.
FAQs
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Scott Birke is a finance editor at Money.ca.
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