Find Out What’s Better: MBNA Rewards Platinum Plus® Mastercard® Or Amazon.ca Rewards Mastercard®?
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Are you looking for a credit card with no annual fees offering plenty of rewards?
To have a credit card so that your purchases do not get interrupted, read on, and find out which card is good for you. Here, we have presented a comparative study between MBNA Rewards Platinum Plus® Mastercard® and Amazon.ca Rewards Mastercard®.
Let us investigate them further and advise you on the best credit card for your needs and circumstances.
MBNA Rewards Platinum Plus® Mastercard®
MBNA is a division of TD Bank, one of the top 5 banks in Canada. In Canada, MBNA is a market leader in co-branded credit card programs.
It is a credit card that helps you to secure credit points and get rewards over your everyday expenditure. MBNA Rewards card offers many benefits that protect your credit points if you keep your account open and have an excellent record.
Features of MBNA Rewards Platinum Plus® Mastercard®:
- Annual fee: $0
- Birthday bonus: 10,000 points (10% of total points earned that year).
Welcome offer:
MBNA Rewards Platinum Plus® Mastercard® offers 4 points for every $1 spent if your annual spending is less than $10,000. It qualifies for rewards at a restaurant, grocery, digital technology subscriptions, and household utilities. You can receive a 10,000-point bonus.
Eligibility requirements:
- Any amount of minimum income
- Any amount of household income
- Recommended credit score should be 660+
- Resident of Canada
Annual fee: $0
Interest rate:
- Purchases: 19.99%
- Cash advances: 24.99%
- Balance Transfers & Access Cheques: 22.99%
Earn rates/rewards/cashback:
- Four points for every $1 paid during the first 90 days (about 3 months).
- Two points for every $1 paid after the first 90 days (about 3 months).
- After you spend $500, you will receive 5,000 bonus points ($25 in cash).
- A 5000 bonus points ($25) when you sign up for paperless e-statements within 90 days (about 3 months).
Additional benefits offered:
- You can use the MBNA rewards by redeeming your points on traveling, gift cards, and brand merchandise.
- Cash advances from banks and ATMs while traveling abroad.
- Get mobile device insurance of up to $1000 in case of theft, damage, or mechanical issues.
- Save up on rental cars: 10% off the base rates.
Amazon.ca Rewards Mastercard®
Amazon offers rewards for eating at restaurants, purchasing groceries at the supermarket or on the amazon website, and Whole Foods Market locations. Toronto-Dominion Bank issues this credit card.
Features of Amazon.ca Rewards Mastercard®:
- Annual fee: $0
- Offer for prime members: 2.5% back on foreign currency transactions
Welcome offer:
After you open your Amazon.ca Rewards Mastercard account, you will earn 5% back on eligible purchases. The purchases need to be at Amazon.ca Whole Foods Market stores in Canada and grocery stores or restaurants in Canada and up to $3,000 in the first six months.
Eligibility requirements:
- Age of majority in your province or territory.
- A credit score of at least 660
- You are a resident of Canada.
- Annual fee: $0
Interest rate:
- Purchases: 19.99%
- Balance transfers and access cheques: 22.99%
- Cash advances: 22.99%
Earn rates/rewards/cashback:
- As per your membership with Amazon, you will receive 2.5 percent or 1.5 percent back for each $1 of eligible purchases made at Amazon.ca and Whole Foods Market stores.
- Get a $20 Amazon.ca Gift Card with each increment of 2,000 points.
- 1% back on all other eligible purchases.
- Points do not expire if your credit card account remains open.
Additional benefits offered:
The status of the Amazon.ca account linked to your credit card account determines the additional benefits offered, like the points.
Comparison:
| MBNA Rewards Platinum Plus® Mastercard® | Amazon.ca Rewards Mastercard® | |
| Additional benefits | Mobile insurance Purchase insurance Extended warranty benefits. | This card has no extended warranty / insurance. |
| Welcome Offer | Earn 4 points for every $1 spent on a qualified restaurant, grocery, digital media, membership, and household convenience purchases until you spend $10,000 yearly. | Get a 5% back on qualified purchases at Amazon.ca, Whole Foods Market stores in Canada, and grocery stores or restaurants in Canada. |
| Minimum income requirement | Any amount of personal or household income is OK. | No income requirements |
| Condition of Canadian Resident | Yes | Yes |
Opinion from Exepertbyarea:
MBNA Rewards Platinum Plus® Mastercard® is a no-fee card loaded with additional benefits. With purchase assurance coverage on eligible items, this card is one of the best options for you. The Amazon.ca Rewards Mastercard® offers significant benefits if you are the one who goes shopping a lot.
The MBNA Payment Plan can help you manage your budget and pay off your debts. Along with the no annual fees charge and plenty of added benefits, the MBNA Rewards Platinum Plus® Mastercard® is a brilliant choice for you.
Want to discover more credit cards? Explore our blogs to find out more.
