Annual Fee
Extra Card Fee
Card Type
Cash Advance
Balance Transfer
Promo Transfer
Promo Term
10 months
Personal Income
Household Income
Canadian resident who has reached the provincial age of majority.
  • Earn 1 point for every $1 spent, a 1% return on your spending.
  • Get 1,000 bonus points after your first purchase (a $10 reward value).
  • Flexible rewards that can be used for cash, travel credits, or merchandise.
  • Redeem your rewards for cash any time you want as a statement credit, direct deposit, or cheque.
  • Enjoy 7 types of insurance including extended warranty and rental car accident.
  • Low interest rate of 14.99% on purchases and 16.99% on balance transfers.
  • Introductory rate of 1.99% on balance transfers for first 10 months.
  • No annual fee.
Extended Warranty 1 year
Purchase Protection 90 days
Travel Accident $1,000,000
Trip Interruption $2,000
Rental Car Theft & Damage
Rental Car Accident $200,000
Rental Car Personal Effects $1,000

Please review your insurance certificate for details, exclusions and limitations of your coverage.

Our Review

If you're the type of person who likes a little bit of everything, the Canadian Western Bank Rewards Mastercard from MBNA has it all:

  • The ability to earn flexible rewards
  • A low interest rate
  • An introductory balance transfer rate
  • 7 types of travel and purchase insurance
  • No annual fee

Let's start with the fact that this card lets you earn 1 point for every dollar you spend, everywhere. And the beauty of MBNA rewards is that they are 1:1 whether you redeem them for cash or travel - a straight-up 1% return.

Not only is this a rewards card, but it is also going to save you money on interest.

  • A permanent interest rate of 14.99% on purchases
  • A permanent interest rate of 16.99% on balance transfers
  • 1.99% promotional balance transfer rate for the first 10 months

Add onto all of this the 7 types of insurance that are included at no extra cost and you have yourself one of the best no fee, flexible rewards cards out there.

Finding no fees, good rewards, low interest, and good insurance coverage all on the same card is extremely rare. This card manages to pull it all together in a convincing fashion.

Featured In

The Globe and Mail