Overall rating
First year value
$860
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
Scores by category
No Annual Fee 4.0
Rewards 2.2
Groceries 2.1
Welcome Bonus 2.0
At a glance
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.
Highlights
$860
First year value
up to 10,000 points
Welcome bonus
Interest Rates
19.99%
Purchase APR
22.99%
Balance transfer APR
24.99%
Cash advance APR
Eligibility
Good
Recommended credit score
Quick overview of the MBNA Rewards Platinum Plus® Mastercard®
The MBNA Rewards Platinum Plus® Mastercard® stands out as a no-fee rewards card offering accelerated points on everyday purchases and a solid flat rate on everything else. With a generous welcome bonus and flexible redemption options, this card provides exceptional value for Canadians looking to earn rewards without changing their spending habits or paying annual fees.
Who’s the MBNA Rewards Platinum Plus card for?
The MBNA Rewards Platinum Plus® Mastercard® is ideal for a wide range of Canadians, including those who:
- Want to earn rewards without paying an annual fee
- Regularly spend on groceries, restaurants, digital media, memberships, and utilities
- Prefer flexible redemption options, particularly for travel
- Value simplicity in their rewards structure
Pros and cons
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
MBNA Rewards Platinum Plus® welcome bonus
The MBNA Rewards Platinum Plus credit card's welcome bonus is pretty great, with new accounts able to earn up to 10,000 bonus MBNA Rewards points†† and more.
How to earn MBNA Rewards points with the Platinum Plus Mastercard
The MBNA Rewards Platinum Plus® Mastercard® allows cardholders to earn points on all eligible purchases, regardless of location:
- 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.
It's important for cardholders to note that there is an annual spending cap of $10,000 per year for each of these accelerated earning categories. This spending limit is quite high, considering the card has no annual fee.
After reaching the $10,000 annual cap in any accelerated category, earnings revert to the base rate for the remainder of the year.
How to redeem MBNA Rewards points
MBNA Rewards points can be redeemed on whatever cardholder wants, including cash back against a statement, travel rewards (airfare, hotels, rental cars), gift cards, merchandise, and more.
MBNA Rewards offers remarkable flexibility:
- Travel redemptions: 100 points = $1 (best value)
- Cash back statement credits: 200 points = $1• Gift cards and merchandise: Varied rates
*Note that a better cash back redemption rate is available on points earned from the MBNA Rewards World Elite® Mastercard®.
"Combine quarterly promotions with partner redemptions for up to 40% more value, and reserve points for travel bookings at or below market rates."
Cory Santos, Money.ca credit card expert
Key benefits of the MBNA Rewards Platinum Plus card
Despite having no annual fee, this card provides valuable protections:
- Purchase protection on items within the first 90 days
- Mobile device coverage up to $1,000 annually
- Extended warranty protection (doubles manufacturer's warranty up to 1 additional year)
- 24-hour fraud monitoring
- Emergency card replacement services
- Zero liability protection against fraudulent transactions
- Rental car discounts with Avis (10% off in Canada, 5% off in U.S.) and Budget
MBNA Rewards Platinum Plus® Mastercard® insurance coverage
While the MBNA Rewards Platinum Plus Mastercard does not have an annual fee, it still provides the everyday protections and insurance benefits Canadians have come to rely on from MBNA.
| Protection | Coverage |
|---|---|
| Purchase protection | On items purchased with your MBNA credit card within the first 90 days from the date of purchase. |
| Extended warranty: | Enjoy an additional 1 year of warranty protection when using your card to purchase eligible products |
| Mobile device | If your eligible mobile device is lost, stolen, or damaged, you cover at least 75% of the purchase price to pay for the phone. Value: $1,000 per year |
Extra benefits of the MBNA Rewards Platinum Plus® Mastercard®
The MBNA Rewards Platinum Plus Mastercard has a slate of additional benefits designed to reduce the stresses of ordinary life, including:
- Rental car discounts with Avis and Budget
- MBNA and Mastercard cardholder support
There are also benefits for travellers, including savings when booking rental cars through select partners in Canada and the U.S. When you use the MBNA Rewards Platinum Plus card to book rental cars through Avis or Budget, you'll receive up to a 10% discount off the base rate (10% off in Canada and 5% off in the United States). Quote your discount code (#C078405 for Avis or #A331704 for Budget) at the time of reservation and charge the full rental to your MBNA credit card.
Other notable benefits of the Platinum Plus credit card include:
- Mastercard contactless payments
- Card verification codes (CVC) and chip & pin technology for an extra layer of security
How does the MBNA Rewards Platinum Plus compare?
$484
First Year Value
$0
Annual Value
Get this card if you...
-
want flexible cash back categories
-
want unlimited cash back
-
want to avoid paying an annual fee
Annual Fee & Annual Interest Rates
$0
Annual Fee
19.95% - 24.95%
Purchase
19.95%
Cash Advance
1.95% - 19.95%
Balance Transfer
Our Take
The Tangerine Money-Back Credit Card is a no-annual-fee cash back card that allows cardholders to earn a higher cash back rate in two spending categories of their choice, such as groceries, gas, or restaurants, and a lower rate on all other purchases. By opening a Tangerine Savings Account and directing cash back earnings there, a third higher rate cash back category can be added. Additional benefits include purchase assurance and extended warranty protection, with cash back rewards automatically applied monthly.
Eligibility
Good (620 - 670)
Recommended Credit Score
$12,000
Required Annual Personal Income
Pros
-
No annual fee
-
Choose the spending categories where you want to earn the most cash back
-
Unlimited cash back—no maximum spending limit for any purchase category
-
Cash back is paid out monthly rather than annually
-
Periodically includes a special welcome offer where you can get extra cash back
-
1.95% interest on balance transfers for the first 6 months (1% transfer fee applies)*
Cons
-
Regular cash back rates are still lower than what you can get from a card with an annual fee
-
Limited extra perks or benefits beyond the cash back and balance transfer promotion
-
Generally not a good fit for shopping at warehouse clubs or wholesale grocers like Costco or Walmart
-
Tangerine does not have any physical bank branches
Annual Interest Rates
19.95% - 24.95%
Purchase
19.95%
Cash Advance
1.95% - 19.95%
Balance Transfer
1.95%
Balance Transfer (Introductory)
24.95%
Penalty
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
$3.5
Cash Advance
$25
Over The Limit Penalty
$25
Return Penalty
Rewards cash back
2%
Earn 2% cash back on 2 categories of your choice (e.g. groceries, recurring bills, gas, drug stores, etc.)
3
Get a Tangerine Savings account and add a 3rd 2% cash back category.
0.5%
Earn 0.50% on all your other everyday purchases.
Our Take
The Tangerine Money-Back Credit Card is a no-annual-fee cash back card that allows cardholders to earn a higher cash back rate in two spending categories of their choice, such as groceries, gas, or restaurants, and a lower rate on all other purchases. By opening a Tangerine Savings Account and directing cash back earnings there, a third higher rate cash back category can be added. Additional benefits include purchase assurance and extended warranty protection, with cash back rewards automatically applied monthly.
Eligibility
Good (620 - 670)
Recommended Credit Score
$12,000
Required Annual Personal Income
Pros
-
No annual fee
-
Choose the spending categories where you want to earn the most cash back
-
Unlimited cash back—no maximum spending limit for any purchase category
-
Cash back is paid out monthly rather than annually
-
Periodically includes a special welcome offer where you can get extra cash back
-
1.95% interest on balance transfers for the first 6 months (1% transfer fee applies)*
Cons
-
Regular cash back rates are still lower than what you can get from a card with an annual fee
-
Limited extra perks or benefits beyond the cash back and balance transfer promotion
-
Generally not a good fit for shopping at warehouse clubs or wholesale grocers like Costco or Walmart
-
Tangerine does not have any physical bank branches
Annual Interest Rates
19.95% - 24.95%
Purchase
19.95%
Cash Advance
1.95% - 19.95%
Balance Transfer
1.95%
Balance Transfer (Introductory)
24.95%
Penalty
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
$3.5
Cash Advance
$25
Over The Limit Penalty
$25
Return Penalty
Rewards cash back
2%
Earn 2% cash back on 2 categories of your choice (e.g. groceries, recurring bills, gas, drug stores, etc.)
3
Get a Tangerine Savings account and add a 3rd 2% cash back category.
0.5%
Earn 0.50% on all your other everyday purchases.
| MBNA Rewards Platinum Plus® Mastercard® | Tangerine Money-Back Credit Card |
|---|---|
|
Annual fee:
$0 |
Annual fee:
$0 |
|
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†. |
Welcome bonus:
|
|
Rewards:
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. |
Rewards:
Earn 2% cash back on two categories of your choice (e.g. groceries, recurring bills, gas, drug stores, etc.); Earn 0.50% on all your other everyday purchases. |
| Apply Now | Read Review |
Disclosures:
- *Terms and Conditions apply
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).
| MBNA Rewards Platinum Plus® Mastercard® | MBNA Smart Cash Platinum Plus® Mastercard® |
|---|---|
|
Annual fee:
$0 |
Annual fee:
$$0 |
|
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†. |
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). |
|
Rewards:
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. |
Rewards:
Earn 2% on gas and groceries; Get 0.5% Cash Back on all other eligible purchases |
| Apply Now | Apply Now |
Disclosures:
- ‡, ††, ✪, Terms and Conditions apply.
-
‡, ††, ✪, 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.
Is the MBNA Rewards Platinum Plus® card worth it?
The MBNA Rewards Platinum Plus® Mastercard® could be thought of as a jack of all trades, and a master of none. This means that for cardholders who prefer cash back, for instance, there are stronger, more focused alternatives. Its point redemption value for cash back makes the card more useful for those who plan to redeem for travel.
The MBNA Rewards Platinum Plus® Mastercard® may not excel in any particular area. Still, it offers a range of benefits that can provide value to anyone who wants a fuss-free credit card to earn rewards in key everyday categories. Cardholders who prioritize cash back may find better options available. However, if you plan to redeem points for travel, this card can be more advantageous.
MBNA Rewards Platinum Plus® eligibility requirements
-
Age: 18+
- Residency: Canadian resident
- Income: N/A
- Credit needed: Good
FAQs about the MBNA Rewards Platinum Plus card
‡, ††, ✪, ***, 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.
Cory Santos is a finance writer, editor and credit card expert with nearly a decade of experience in personal finance. Cory joined Wise Publishing from BestCards, with bylines in numerous print and digital publications across North America, including the Miami Herald, St. Louis Post-Dispatch, Debt.ca, AOL, MSN and Medium as well as financial podcasts like KOFE Talk.
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†Terms and Conditions apply.