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Pros & Cons

Pros

  • +Welcome Bonus: 10,000 points
  • +Purchase protection included
  • +No annual fee

Cons

  • Foreign Transaction Fee (2.5%)

Our Review

The MBNA Rewards Platinum Plus® Mastercard® is one of the best no-annual-fee credit cards in Canada.

With this card, you can earn 2 points per dollar on:

  • Dining
  • Grocery purchases
  • Digital media purchases (Netflix, Spotify, etc.)
  • Memberships
  • Household utility purchases (electricity, etc.)

And 1 point per dollar everywhere else. This is the best MBNA credit card with no annual fee.

For a limited time, you can earn 10,000 bonus points as a welcome bonus, a $100 value for travel purchases charged to your account.

Rewards

All Spending

1x

MBNA Rewards pts per dollar

Streaming

2x

Restaurants

2x

Telecom

2x

Groceries

2x

Recurring

2x

Credit Card Rewards Calculator

See how much you could earn with this card based on your spending.

¢/ point
0.50¢
Groceries2x
$700/month
Gas & EV1x
$200/month
Transit1x
$100/month
Restaurants2x
$300/month
Pharmacy1x
$50/month
Travel1x
$150/month
Bills & recurring payments2x
$250/month
Telecom2x
$150/month
Entertainment & streaming2x
$100/month
Office supplies1x
$0/month
All other spending1x
$500/month

Points Earned

48,000

MBNA Rewards/yr

Estimated Value

$480

After Fees

+$480

1st Year Value

$580

incl. welcome bonus

Annual rewards breakdown

Groceries$8,400/yr × 2x16,800 pts
Gas & EV$2,400/yr × 1x2,400 pts
Transit$1,200/yr × 1x1,200 pts
Restaurants$3,600/yr × 2x7,200 pts
Pharmacy$600/yr × 1x600 pts
Travel$1,800/yr × 1x1,800 pts
Bills & recurring payments$3,000/yr × 2x6,000 pts
Telecom$1,800/yr × 2x3,600 pts
Entertainment & streaming$1,200/yr × 2x2,400 pts
All other spending$6,000/yr × 1x6,000 pts
Total annual spend$30,000
Monthly spend$2,500
Average earn rate on spend per year1.6x
Average earn rate on spend 1st year with welcome bonus1.93x
Total points earned on spend48,000 pts
Welcome bonus points+10,000 pts
  • Earn 10,000 MBNA Rewards after $500 in purchases in 3 months
Total points earned58,000 pts
Value of accumulated points$580

Purchase Protection

Purchase Protection

Included

Extended Warranty

+1 year(s)

Mobile Device

Up to $1,000

Interest Rates

  • Purchase Rate
    21.99%
  • Cash Advance
    22.99%
  • Foreign Transaction Fee
    2.5%

Terms & Conditions

Card Features

Accelerate rewards points on common purchases!

  • Earn 4 points†† per dollar spent on all eligible restaurant or grocery purchases, digital media, subscriptions, and household utilities during the first 90 days, and earn 2 points‡ per dollar spent on all eligible purchases in these categories thereafter. In both cases, these accumulation rates apply until $10,000 is spent annually in the applicable category; 1 point‡ per dollar spent on all other eligible purchases.
  • Receive 5,000 bonus points†† ($25 cash back) after you make eligible purchases of at least $500 within 90 days of account opening.
  • 5,000 bonus points††($25 in cash back value) once enrolled for paperless e-statements within the first 90 days of account opening
  • Each year, you will receive Birthday Bonus Points‡ equal to 10% of the total number of Points earned in the 12 months before the month of your birthday, to a maximum Birthday Bonus each year of 10,000 Points
  • Redeem points‡ for cash back, brand-name merchandise, gift cards from participating retailers, charitable donations, and travel.
  • Standard Annual Interest Rates of 21.99% on eligible purchases, 22.99% on balance transfers✪, and 22.99% on cash advances
  • Mobile Device Insurance*** With Mobile Device Insurance, you’ve got up to $1,000 in coverage for eligible mobile devices in the event of loss, theft, accidental damage or mechanical breakdown.
  • No Annual Fee.

Take advantage of an everyday rewards card with no annual fee. Apply now for the MBNA Rewards® credit card.

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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. EducFinance may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 MBNA. All trademarks are property of their respective owners.