MBNA Rewards Platinum Plus® Mastercard®
- Annual Fee
- Extra Card Fee
- Cash Advance
- Balance Transfer
- Personal Income
- Household Income
- No annual fee
- 1 point‡ for every $1 in eligible purchases
- 2 points‡ for every $1 spent on eligible gas, groceries and restaurant purchases ($5,000 annual cap on each category)
- Receive 2,500 bonus points†† after your first eligible purchase within the first 90 days of account opening
- Receive 2,500 bonus points†† once enrolled for e-statements within the first 90 days of account opening
- Redeem points‡ for travel, brand-name merchandise, gift cards from participating retailers, cash back, and charitable donations
- Standard Annual Interest Rates of 19.99% on eligible purchases, 22.99% on balance transfers✪ and access cheques, and 24.99% on cash advances
- A suite of comprehensive insurance**
|Extended Warranty||1 year|
|Purchase Protection||90 days|
|Rental Car Theft & Damage||Yes|
|Rental Car Accident||$200,000|
|Rental Car Personal Effects||$1,000|
Please review your insurance certificate for details, exclusions and limitations of your coverage.
‡ These are highlights of the credit card rewards program (the "Program") associated with this credit card account. Points will be awarded on eligible transactions charged to your account as set out in the Program terms and conditions. You will earn two (2) points per dollar spent on eligible gas, grocery and restaurant purchases to a maximum annual amount of $5,000 in each category. Eligible purchases that are not eligible gas, grocery and restaurant purchases will earn a Base Earn Rate of one (1) point per dollar. The redemption rate for Points earned may differ depending on the redemption option chosen. Complete terms and conditions describing Program eligibility, accrual, earn limits, and redemption of Points, and other important conditions will be sent after your account is opened. Please read the terms and conditions carefully upon receipt.
†† To qualify for this offer, an applicant must be approved for the specific credit card account described in the offer and: (a) in order to obtain a "First Eligible Transaction Bonus" of 2,500 bonus points, the account must be used for at least one eligible transaction within the first 90 days of account opening that is not subsequently rescinded, the subject of a charge back request or otherwise disputed, and (b) in order to obtain a "Paperless Bonus" of 2,500 bonus points, you must enroll in online banking at www.mbna.ca, and consent to Paperless Statements for the account within the first 90 days of account opening, and not subsequently rescind such enrollment throughout this period. Please allow 8–10 weeks from the transaction date and the Paperless Statement enrollment for the applicable bonus points to be posted to your points account. Limit one-time bonus point offer (no cash value) per new account for each of the First Eligible Transaction Bonus and the Paperless Bonus). This promotion is offered by MBNA and may be amended or cancelled at any time without notice.
**Coverage is underwritten by Allianz Global Risks US Insurance Company (Canadian Branch) and/or American Bankers Insurance Company of Florida. Certain limitations and exclusions may apply to this benefit and others described in the certificate of insurance sent soon after your Account is opened.
✪ Balance transfers will be fulfilled in the order listed and are treated as balance transfers in accordance with your Account Agreement. The total value of balance transfers cannot exceed your authorized credit limit. If the value is greater, MBNA may send a partial payment to the named creditor/designated account. THERE WILL BE A TRANSACTION FEE EQUAL TO 1.00% OF THE DOLLAR AMOUNT OF EACH BALANCE TRANSFER INITIATED WITH THIS APPLICATION. A MINIMUM FEE OF $7.50 WILL APPLY TO EACH BALANCE TRANSFER TRANSACTION. A balance transfer may not be used to pay off or down your account balance or any other balances with us (including our affiliates, which would include any member of the TD Bank Group).
The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank.
If you're looking for a no fee travel card, the MBNA Rewards Platinum Plus® Mastercard® is the obvious choice.
Not only does it allow you to earn flexible rewards that can be used in a number of different ways, but it comes armed with one of the best no fee credit card insurance packages on the market.
With every purchase you make, the MBNA Rewards Platinum Plus Mastercard will give you:
- 2 points per dollar spent on gas, groceries, and restaurant purchases (up to $5,000 spent annually in each category), and...
- 1 point per dollar spent on all other purchases.
Like it’s big brother, the MBNA Rewards Platinum Plus Mastercard gives you 5 options to redeem your points. And despite being labeled a rewards card…
The redemption value for travel is 100 points per $1, but for cash and charity donations it is 200 points per $1. Merchandise & gift cards point values are disclosed in the rewards catalogue – or you can head to our in-depth review here to get all the information you need.
Unlike other cards, YOU are in control of how and when you redeem your cash or rewards. MBNA’s online interface lets you redeem on demand how you want and when you want.
Why do others force you into statement credits once a year? Your guess is as good as mine...
And, as an added bonus, there are 7 different types of travel and purchase insurance included, so that you can shop and travel worry free. Not bad for a no fee card.
What are your thoughts?
◊ The creditcardGenius algorithm calculates an estimated dollar value for all rewards and bonuses by using a typical point value a person can realistically achieve by redeeming their rewards in a reasonably optimized way. The "Welcome Bonus" is the dollar value obtained by combining of all one-time bonuses available to new cardholders within the first year. To qualify for the full bonus you may need to make purchases, meet minimum spending requirements, or complete special actions. Terms and conditions apply.