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The best MBNA credit cards in Canada for 2024

Natasha-M 1
Natasha Macmillan, Business Unit Director - Everyday Banking

February 20, 2024

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.

Compare Canada's best MBNA credit cards

MBNA credit card overview

MBNA offers over two dozen Mastercard credit cards to meet your needs, with a diverse selection of rewards to choose from. We have outlined below the top MBNA credit cards by category. 

Best MBNA credit card for balance transfer and low interest

featured

4.5 Ratehub rated
12.99%

Purchase interest rate

Pay $5/mo

Based on a credit balance of $500

Annual fee

$0

Ratehub.ca's take

The MBNA True Line Mastercard is the most sought after card by those looking to minimize their credit card debt. The card has no annual fee and a below-average purchase interest rate of 12.99% on purchases and balance transfers. 

Balance transfer offer: 0% promotional annual interest rate for 12 months with a 3% balance transfer fee. Conditions apply. 

Pros

  • The low interest rate of 12.99% is fixed and won’t change regardless of your credit rating, income, or the bank’s prime lending rate
  • No annual fee and no income requirements to qualify making it very accessible
  • Promotional balance transfer of 0% is available for a full year helping pay down or eliminate credit card debt

Cons

  • Does not include insurance or other benefits
  • Offer not available to residents of Quebec

Best MBNA credit card with no annual fee

featured

Best for Everyday spending

First year reward
$428/yr

based on spending $2,200/mo after $0 annual fee

Earn rewards

1pt – 4pts / dollar earn rate

Ratehub.ca's take

For frequent travellers seeking a no annual fee credit card, the MBNA Rewards Platinum Plus Mastercard is a perfect match. This card has a flexible rewards program that offers great value for travel redemption. The MBNA Rewards Platinum Plus Mastercard offers bonus rewards on key spending categories, including restaurants, groceries, digital media, memberships and household utility purchases.

Pros

  • Welcome bonus - Earn 10,000 bonus points ($50 in cash back value). Plus, get 4 points per $1 spent on eligible restaurant, grocery, digital media, membership and household utility purchases during the first 90 days.
  • Very flexible rewards programs in comparison to other no fee credit cards, allowing cardholders to redeem points for cash back, merchandise, gift cards, charitable donations, and travel
  • Includes additional benefits such as mobile device insurance, purchase assurance, and extended warranty benefits
  • Receive up to 10,000 Birthday Bonus Points every year

Cons

  • Earn rate of 2 points per dollar on eligible restaurants, groceries, digital media, memberships, and household utility purchases is capped at $10,000 annually (per category)
  • No credit card travel insurance
  • This offer is not available for residents of Quebec

Best MBNA cash back credit card

featured

Best for Gas & groceries

First year reward
$329/yr

based on spending $2,200/mo after $0 annual fee

Earn rewards

0.5% – 2% earn rate

Ratehub.ca's take

If you are interested in earning cash back, the MBNA Smart Cash Platinum Plus Mastercard is considered the best MBNA cash back credit card on the market. This card offers 2% cash back on gas and groceries, 0.5% on all other purchases, and complimentary travel insurance, all for no annual fee. 

Pros

  • Complimentary travel insurance and purchase protection included
  • No annual fee
  • Great earning rate for gas and groceries

Cons

  • 2% cash back on gas and groceries is capped at $500 per month
  • Low earn rate of 0.5% on all other purchases 
  • This offer is not available for residents of Quebec

Additional considerations for MBNA credit cards

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 you’ll 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.

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 full bio

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