MBNA Rewards Platinum Plus Mastercard
Annual Fee
$0.00
Interest Rate
19.99%
Balance Transfer
22.99%
Cash Advance
24.99%
Credit Score
Good
Rewards
2.00%*
- Earn 2 points for every dollar spent on eligible gas, groceries and restaurants purchases ($5,000 max annual spend per category).
- Earn points every day: get 1 point for every dollar spent on all other eligible purchases.
- Flexible rewards: Redeem your points for travel, gift cards, and more.
- No Annual Fee.
- Welcome offer: Get 2,500 bonus points when you enroll in e-statements and 2,500 more points when you make your first eligible purchase within 90 days of account opening.
- Your MBNA Rewards Points never expire as long as your account is open and in good standing.
- Add up to 9 authorized users with no additional annual fee for each added authorized user.
- Certain emergency services are offered 24 hours a day by the MBNA customer service team. Services include Emergency Card Replacement on a 7-10 day delivery or by courier
- Away from Home Features, including support for Lost Document and Ticket Replacement, Lost Luggage Assistance, Pre-trip Information and Legal Assistance.
- You must be a Canadian resident
- You must be the age of majority in your province/territory of residence.
Summary
The MBNA Rewards Platinum Plus Mastercard allows its holders to earn points for every dollar charged to the card, to be redeemed towards flexible rewards. Earn 2 points for every dollar spent on eligible gas, groceries and restaurant purchases, and 1 point per dollar spent on all other eligible purchases! Plus, get a welcome bonus of up to 5,000 points.
Our Review
MBNA Rewards Platinum Plus Mastercard
The MBNA Rewards Platinum Plus Mastercard allows its holders to earn points for their day-to-day purchases: every dollar charged to the card will earn you 1 point, and each dollar spent on eligible gas, groceries and restaurant purchases will earn you 2 points. The card has no annual fee, and comes with 7 types of insurance, so along with the welcome bonus of up to 5,000 points it could be a good option for you if you pay your balance in full each month- the relatively high interest rates could accumulate quickly. The points you will earn get the most value for travel rewards, but the flexible options for point earning and redemption mean you can use this card for your regular purchases without having to change where you shop.
As per our rating system, this card scored 19/25 on rewards, 15/25 on interest rates and balance transfers, 15/25 on perks and insurance, and 25/25 on annual fees. Therefore, the total smart score of this card is 74/100.
Pros
- Earn 2 points for every dollar spent on eligible gas, groceries and restaurants purchases ($5,000 max annual spend per category).
- Earn points every day: get 1 point for every dollar spent on all other eligible purchases.
- Flexible rewards: Redeem your points for travel, gift cards, and more.
- No Annual Fee.
- Welcome offer: Get 2,500 bonus points when you enroll in e-statements and 2,500 more points when you make your first eligible purchase within 90 days of account opening.
- Your MBNA Rewards Points never expire as long as your account is open and in good standing.
- Add up to 9 authorized users with no additional annual fee for each added authorized user.
- Benefit from purchase assurance, extended warranty and 5 different types of travel insurance.
Cons
- There is a $5000 spend cap per category on points rewarded for gas, groceries and restaurant purchases. This spend cap is quite high though, considering gas, groceries and restaurant purchases are considered separately.