The best MBNA credit cards in Canada for 2023
Explore the best variety of MBNA credit cards, tailored to meet your unique needs. Compare, choose, and apply today for a card that matches your purchasing habits.
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Ratehub's top credit card picks
American Express CobaltĀ® Card
check eligibilityApply now and you could earn up to 30,000 bonus points with the American Express CobaltĀ® Card
Tangerine Money-Back Credit Card
check eligibilityEarn an extra 10% back on up to $1,000 in everyday purchases within the first 2 months. Must apply by July 5, 2023. Click "check eligibility" to get an additional $100 Amazon gift card š upon approval.
CIBC DividendĀ® Visa Infinite* Card
check eligibilityWelcome Offer: Get a first-year annual fee rebate and earn 15% cash back welcome bonus of up to $300 (first 4 statements)!ā
CIBC DividendĀ® Visa Infinite* Card
check eligibilityWelcome Offer: Get a first-year annual fee rebate and earn 15% cash back welcome bonus of up to $300 (first 4 statements)!ā
Featured product
check eligibilityEarn 25,000 points* ($125 travel value) if you spend $1,000 in the first 180 days. Must apply by February 28, 2023. Conditions apply.
BMO CashBackĀ® MasterCardĀ®*
check eligibilityWelcome offer:Ā Get up to 5% cash back in your first 3 months. Plus, a $50 cash back bonus - that's up to $175 in cash back in your first year!
American Express CobaltĀ® Card
check eligibilityApply now and you could earn up to 30,000 bonus points with the American Express CobaltĀ® Card
ScotiabankĀ®* Gold American ExpressĀ® Card
check eligibilityearn up to $650 in value in the first 12 months, including up to 40,000 bonus Scene+ points. Must apply by October 31, 2023.
TDĀ® AeroplanĀ® Visa Infinite* Card
check eligibilityEarn up to $1,600 in value including up to 70,000 Aeroplan points. Conditions apply. Must apply by September 5, 2023.
CIBC Select Visa* Card
check eligibilityTransfer your credit card balance. Get 0% interest for up to 10 months with a 1% transfer fee and a first year annual fee rebate.
BMOĀ® Preferred Rate MasterCardĀ®
check eligibilityWelcome Offer: Get a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee and we'll waive the $29 annual fee for the first year
MBNA True LineĀ® MastercardĀ® credit card
check eligibilityStandard Annual Interest Rates of 12.99% on purchases, 12.99% on balance transfers and 24.99% on cash advances
SimplyCashĀ® Card from American Express
check eligibilityIn your first 10 months as a new SimplyCashĀ® Card from American Express Cardmember, you can earn a $10 statement credit for each monthly billing period in which you spend $300 in purchases on your Card. This could add up to $100 in statement credits in the first 10 months
BMO CashBackĀ® MasterCardĀ®*
check eligibilityWelcome offer:Ā Get up to 5% cash back in your first 3 months. Plus, a $50 cash back bonus - that's up to $175 in cash back in your first year!
PC FinancialĀ® World Elite MastercardĀ®
check eligibilityLimited time offer: Get 1,500 AIR MILES Bonus Miles!* Thatās enough for $150 towards purchases with AIR MILES Cash*
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MBNA credit card overview
Natasha Macmillan, Business Unit Director - Everyday Banking
MBNA offers over two dozen Mastercard credit cards to meet your needs, with a diverse selection of rewards to choose from.
Low interest and balance transfer credit cards
MBNA is most known for their low interest and balance transfer credit cards.Ā MBNA offers two low interest credit cards that stand out for their rock bottom purchase interest rates; perfect for cardholders who tend to carry a revolving balance month-to-month and want to save on fees. The MBNA True Line Mastercard ($0 annual fee) has a purchase interest rate of 12.99%, among the lowest fixed interest rates of any no fee card in Canada. Meanwhile, the MBNA True Line Gold carries an annual fee of $39 but offers a considerably lower interest rate of 8.99%, which is less than half the purchase interest rate of 19.99% - 20.99% charged by most conventional credit cards. On top of this, the MBNA True Line Mastercard has an amazing welcome offers for those who have credit card debt - earn a 0% promotional annual interest rate for 12 months on balance transfers completed within 90 days of opening the account.
Cash back and rewards points
MBNA offers a few cash back credit cards and travel point credit cards. The MBNA Smart Cash World Mastercard lets you earn 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) , and 2% cash back thereafter. Youāll also earn 1% cash back on all other purchases at the cost of a below-average annual fee of just $39. The MBNA Smart Cash Platinum Plus is a no fee alternative which earns similar rewards on gas and groceries as the aforementioned World Mastercard but just 0.5% on everything else.
With the no fee MBNA Rewards Platinum Mastercard, you can earn up to 2 MBNA Rewards points for every $1 you spend on gas, groceries, and restaurants (up to $5,000 annually per category), and 1 point per $1 on everything else. The premium MBNA Rewards World Elite Mastercard gives you more earning potential with a flat and unlimited 2 MBNA Rewards points per $1 on everything you buy (which happens to make it one of the most lucrative rewards cards to use when shopping at Costco).
MBNA Rewards Points values will vary depending on what you redeem for. 1 point = 1 cent in travel rewards (from any airline booked on the MBNA Rewards website), 1 point = 0.5 cents in cash back, or 1 point = 0.85 - 0.98 cents when redeemed for e-gifts. You can also use points to order merchandise from the MBNA Rewards catalogue, though values can vary considerably from one item to another.
Online shopping and retail
Are you an avid online shopper? MBNA partnered with Canada's largest online retailer to launch the Amazon.ca Rewards Mastercard, which carries no annual fee, earns accelerated rewards on Amazon purchases as well as for Amazon Prime Members, and offers bonuses points on purchases made in non-Canadian currencies to offset the card's foreign transaction fees. The Amazon.ca Rewards Mastercard earns Amazon points which are redeemed automatically in increments of 2,000 points for a $20 for Amazon gift card. For health enthusiasts, the Melaleuca Mastercard earns bonus Loyalty Shopping Dollars on purchases from Melaleuca - the largest dedicated online wellness shopping club. Finally, there's the Nordstrom Rewards Visa that help you rack up bonus points when shopping at the luxury department store.
Charitable causes
Support Canadian veterans while earning points towards cash back, travel and more with the Royal Canadian Legion MBNA Rewards Mastercard. Not only will you feel good for advocating for the care of Veterans and their families when you swipe your card, but youāll also earn MBNA Rewards points for every $1 you spend on eligible purchases. Points are redeemable for your choice of MBNA rewards.
More on MBNA
MBNA is a division of The Toronto-Dominion Bank, and offers affinity and co-branded credit cards in Canada, as well as insurance products. With headquarters in Ottawa and an office in Regina, MBNA MasterCards are associated with many Canadian stores, charities, educational institutions, sports associations and professional membership organizations.
Cards summary (+/-)
Natasha Macmillan, Business Director of Everyday Banking
With over a decade of experience in the finance industry, Natasha works closely with Canada's top financial institutions - from banks to credit unions - to help Ratehub.ca's 1,200,000 monthly users get matched with the right banking products. read more
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