What’s Better: BMO Cashback® World Elite® Mastercard® Vs. MBNA Smart Cash Platinum Plus® Mastercard® Vs. American Express® Aeroplan® Reserve Card
BMO Cashback® World Elite® Mastercard® vs. MBNA Smart Cash Platinum Plus® Mastercard® vs. American Express® Aeroplan® Reserve Card. This blog will help you explore which card is best for you.

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The best credit card for you complements your spending style and offers you the highest value back on your preferred purchases. We have compiled a list of three credit cards with unique characteristics to assist you in your comparison shopping and selection.
BMO Cashback® World Elite® Mastercard®


Let us find out more about the BMO Cashback® World Elite® Mastercard® and its features.
Eligibility
Permanent Canadian resident
Annual fee
$120 annual fee.
Interest charged on Balance
The purchase interest rate on this card is 20.99%, the cash advance interest rate is 23.99%, and the balance transfer interest rate is 22.99%
Reward
Get up to 10% cash back in your first three months on expenditures, and the first year’s $120 annual fee is free.
Eligibility | Minimum household income: $80,000 and household income: %150,000. A credit score of 760+. Permanent residency in Canada |
Annual fees | $120 |
Interest charged on Balance | Purchase interest rate:20.99%. Cash advance interest rate: 23.99%. Balance transfer interest rate: 22.99%. |
Reward | Cash back: 5% on groceries, 4% on transit, 3% on gas and electric car charging, 2% on recurring bill payments such as your monthly phone bill or streaming service, and 1% on all other purchases. BMO Cashback World Elite Travel and Medical Protection, Concierge Service |
MBNA Smart Cash Platinum Plus® Mastercard®


Read on to find out more about the offers and requirements for this card:
Eligibility
Canadian residency.
Annual fees
$0 annual fee.
Interest on balances
The purchase interest rate on this card is 19.99%, the cash advance interest rate is 24.99%, and balance transfers & access cheques are 22.99%.
Reward
For the first six months, get 5% cash back on qualified petrol and grocery purchases ($500 monthly spend cap).
After that, 2% cash back on gas and groceries, and 0.5% Cash Back on all other eligible purchases.
Presentation in tabular format.
Eligibility | Minimum household and personal annual income of $0. Canadian citizen or permanent resident |
Annual fees | $0 |
Interest on Balances | Purchase interest rate: 19.99% Cash advance interest rate: 24.99% Balance transfers & access cheques: 22.99%. |
Reward | Purchase assurance, warranties for up to one additional year on most new purchases. |
American Express® Aeroplan® Reserve Card


Eligibility
- No minimum income requirements.
Annual fees-
- $599 annual fee.
Interest on balances
- On this card, the purchase interest rate is 19.99%. The cash advance interest rate is 21.99%.
Cashback and Rewards
- Aeroplan points:
- 65000: After spending $6,000 in the first six months.
- 5000: Spending $1,000 in the first six months for 30,000 Aeroplan points.
- For the first three months, get 10x points on food and beverages, up to 20,000 Aeroplan points.
- 115,000 Aeroplan points in total.
Eligibility | No minimum income limitations. |
Annual fees | $599. |
Interest on balances | The purchase interest rate on this card is 19.99%. The cash advance interest rate is 21.99%. |
Cashback/ Rewards | Referral offer: 95,000 Welcome Bonus Aeroplan®* points. 65,000 Aeroplan points: Spending $6,000 within the first 6 months of Card membership. 5,000 Aeroplan points: Spending on monthly billing period. 3X points on eligible Air Canada® and Air Canada Vacations® purchases. 2X points for qualified Dining and Food Delivery transactions in Canada. 1.25X points on everything else. |
Now, knowing these three credit cards in detail, let us do a comparative analysis of these three credit cards-
BMO Cashback® World Elite® Mastercard® | MBNA Smart Cash Platinum Plus® Mastercard® | American Express® Aeroplan® Reserve Card | |
Additional Benefits | Highest cash back earn rate on groceries in Canada Extended Warranty Plus Complimentary Roadside Assistance Program BMO Concierge Service BMO Cashback World Elite Travel and Medical Protection | Common Carrier Travel Accident Insurance Auto Rental Loss/Insurance Extended Warranty for 1 year Purchase Protection up to 90 days. | Priority boarding and check-ins Complimentary visits to Air Canada Maple Leaf Lounges within North America No expiration of card points Emergency medical insurance Flight delay insurance and trip cancellation insurance |
Welcome Offer | 10% cash back for the first three months and a $120 yearly fee waiver for the first year. | 5% cash back on gas and groceries for the first six months. | 115,000 Welcome Bonus Aeroplan points. |
Minimum Income Requirement | $80,000 personal and $150,000 household | $0 | No minimum income requirements |
Expertbyarea Advice-
If you are looking for a credit card that offers you plenty of travel benefits and has no minimum income requirements, then MBNA Smart Cash Platinum Plus® Mastercard® is the best choice.
The American Express® Aeroplan® Reserve Card offers plenty of benefits for traveling. If you often travel, this card offers you many benefits and coverages. The BMO Cashback® World Elite® Mastercard® offers you medical travel protection with 24*7 concierge services and exciting cashback offers.
This article shows you the comparison between the three cards mentioned. Depending on your lifestyle and requirements, you can choose to apply for a credit card accordingly