Ratesopedia

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¢
Streaming2x
$150/month
Restaurants2x
$160/month
Telecom2x
$300/month
Groceries2x
$400/month
Recurring2x
$300/month
Gas1x
$300/month
All other spending1x
$700/month

Points Earned

43,440

MBNA Rewards/yr

Estimated Value

$434

After Fees

+$434

1st Year Value

$534

incl. welcome bonus

Annual rewards breakdown

Streaming$1,800/yr × 2x3,600 pts
Restaurants$1,920/yr × 2x3,840 pts
Telecom$3,600/yr × 2x7,200 pts
Groceries$4,800/yr × 2x9,600 pts
Recurring$3,600/yr × 2x7,200 pts
Gas$3,600/yr × 1x3,600 pts
All other spending$8,400/yr × 1x8,400 pts
Total annual spend$27,720
Monthly spend$2,310
Average earn rate1.57x
Total points earned43,440 pts

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. Ratesopedia 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.