Best MBNA credit cards in Canada

Fact checked by Cory Santos

Updated Jan 10, 2025

A division of The Toronto-Dominion bank, MBNA is focused exclusively on credit cards and its cards are among the best in Canada.

While we adhere to strict editorial guidelines, partners on this page may provide us earnings.

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.

3 best MBNA credit cards

MBNA True Line® Mastercard®

Apply Now

$0 Annual Fee

Good Recommended Credit Score

MBNA True Line® Gold Mastercard®

Apply Now

$39 Annual Fee

Good Recommended Credit Score

MBNA Smart Cash Platinum Plus® Mastercard®

Apply Now

$0 Annual Fee

Good Recommended Credit Score

  • Why you can trust Money.ca's best MBNA credit cards in Canada list

    +

    Money.ca rates all credit cards on a numeric scale of 1 to 5 stars, with 1 being the lowest and 5 the highest rating, respectively. Money.ca’s proprietary scoring formulas break down the confusing language, complex points, rewards and earn rates to give you the real data that caters to your needs first, not ours.

    Our partnerships have no impact on our ratings, which are solely determined by the merits of each card. To learn more about how we researched and ranked these cards, read our full credit card review methodology.

    And don't forget to check out our Best Credit Cards Canada list when you're done.

Best card overall 🏆

Best MBNA credit card overall

up to 10K pts

Welcome Bonus

$442

First Year Value

$342

Annual Value

Welcome Bonus: New cardholders can get up to 10,000 MBNA Rewards points ††

Learn More Apply Now On MBNA Credit Cards' Secure Site

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. You could also receive 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.

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 pts

Welcome Bonus

$900

First Year Value

$655

Annual Value

Welcome Bonus: Earn up to 30,000 bonus MBNA Rewards Points†† for cash back, gift cards and more. Conditions Apply.

Learn More Apply Now On MBNA Credit Cards' Secure Site

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.

Disclosures:

  •  â€ â€ , ‡, ✪, ***, ††††, 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

MBNA True Line® Gold Mastercard®

2.6

Winner: Best Low Interest

$0

First Year Value

$0

Annual Value

Learn More Apply Now On MBNA Credit Cards' Secure Site

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

MBNA True Line® Mastercard®

2.9

Winner: Best Balance Transfer

0% intro rate

Welcome Bonus

$0

First Year Value

$0

Annual Value

Welcome Bonus: Get 0% APR for 12 months on transfers

Learn More Apply Now On MBNA Credit Cards' Secure Site

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

$354

First Year Value

$279

Annual Value

Learn More Apply Now On MBNA Credit Cards' Secure Site

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.  

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 credit card with no-fee cash back

5% cash back

Welcome Bonus

$492

First Year Value

$417

Annual Value

Welcome Bonus: 5% back on gas and groceries for the first 6 months

Learn More Apply Now On MBNA Credit Cards' Secure Site

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.  

Disclosures:

  •  â€ˇ, ††, ✪, 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.
About MBNA
Best MBNA credit cards Canada

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. 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. 2.

    Residency: You've got be a bonafide Canadian resident. Polar bears need not apply!

  3. 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. 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. 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. 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. 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. 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
Apply Now
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
Apply Now

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

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

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. You could also receive 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.
MBNA True Line® Gold Mastercard®
Low interest
10.99% on purchases on year-round
MBNA True Line® Mastercard®
Low interest
$0annual fee
MBNA Smart Cash® World Mastercard®
Cash back
Welcome bonus: Earn 5% Cash Back on gas and groceries for the first 6 months ($500 spend cap) conditions apply
MBNA Smart Cash Platinum Plus® Mastercard®
Cash back
Welcome bonus: 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 FAQs

  • Does TD Bank own MBNA?

    +

    MBNA credit cards are issued through TD Bank (Toronto-Dominion Bank) following a takeover in 2011. TD is one of the largest banks in North America and provides an extensive number of benefits for cardholders and customers, including fraud and credit alerts, purchase protection, dedicated customer service and more. Here's a look at our best TD credit cards guide if you're interested in comparing those cards.

  • What is the foreign transaction fee charged by MBNA?

    +

    MBNA charges a currency conversion/foreign transaction fee of 2.5% of the transaction in CDN.

  • Does MBNA offer a low rate credit card?

    +

    MBNA offers credit cards of different types and fees. This variety means there is likely something for everyone - including those who don't want to pay a huge interest charge when they carry a balance. The MBNA True Line® Gold Mastercard® and MBNA True Line® Mastercard® both provide an exceptionally low APR with a modest annual fee.

  • Does MBNA offer cash back credit cards?

    +

    MBNA issues two popular cash back cards, the MBNA Smart Cash Platinum Plus® Mastercard and the MBNA Smart Cash World Mastercard.

  • Does MBNA offer travel rewards credit cards?

    +

    MBNA issues two popular travel cards, the MBNA Rewards Platinum Plus® Mastercard® and the MBNA Rewards World Elite Mastercard®

  • Is there an MBNA Visa credit card?

    +

    No. Currently MBNA credit cards are all Mastercards, with no Visa cards in the MBNA lineup.

  • How can I contact MBNA customer service in Canada?

    +

    The contact information for MBNA customer service Canada is as follows: You can call the customer support team toll-free at 1-800-347-6262, Monday to Sunday, 7 a.m. to 12 a.m. EST. Additionally, you can call 1-888-389-2577, to report a lost or stolen credit card.

  • How can I access my MBNA account?

    +

    There are a number of ways to access your MBNA credit card account, including MBNA online access through the bank's dedicated mobile app, available on both the Apple App Store and Google Play Stores. You can also get online access to MBNA via the bank's secure website, www.mbna.ca.

Scott Birke Content editor, Money.ca

Scott Birke is a financial content editor at Money.ca.

Disclaimer

The content provided on Money.ca is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.

†Terms and Conditions apply.