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MBNA, headquartered in Ottawa, is a part of The Toronto-Dominion Bank and is one of Canada’s leading co-branded and affinity credit card providers. MBNA offers Canadians a selection of great credit cards to choose from, making it easy for you to pick the best credit card for your lifestyle.
When it comes to credit cards, MBNA may not be a brand that sticks out, but they have an incredible portfolio of cards. They’ll have something that meets your needs, from no fee to balance transfer cards, travel rewards to cash back and more. If you haven’t heard of MBNA, there’s a reason for it. They’re not splashy and aren’t trying to sell you on different products. They focus entirely on credit cards which is why some of their cards are so popular. TD acquired MBNA Canada back in 2011, so there’s no need to worry about the credibility of the company.
With more than a dozen credit cards from MBNA available, it can be hard to pick the right card for you. We’ve analyzed all of their cards and have figured out which are the best depending on your needs.
With more than a dozen credit cards from MBNA available, it can be hard to pick the right card for you. We’ve analyzed all of their cards and have figured out which are the best depending on your needs.
| First-year value* | Annual fee | Top features | ||
|---|---|---|---|---|
| $100 | $0 | No fee and a low interest rate. | ||
| $924 | $120 | Earn 2 points per $1 spent on all purchases. | ||
| $396 | $39 | Get 2% cash back on gas and grocery purchases. | ||
| $545 | $0 | Earn at least one point per dollar everywhere you shop. |
*The RATESDOTCA Best of Finance methodology assumes the cardholder spends an average of $2,000 a month on their card to determine the first-year value. The calculation includes all welcome bonuses and promotional offers at the time of publishing.
Although the MBNA True Line® Mastercard® doesn’t offer any rewards, it’s the best overall MBNA credit card since it has a low interest rate and no annual fee.
This card is great for people looking to reduce their debt and pay less interest. The card features a standard annual interest rate of 12.99% on purchases and 17.99% on balance transfers. A balance transfer fee of 1% of the amount transferred does apply (minimum fee of $7.50). However, it’s worth considering this option as most credit cards have interest rates of 20.99%, considerably higher than this card.
Not getting any rewards will be disappointing to some people, but if you’re finding it difficult to make your payments or you want to reduce your debt, then the MBNA True Line® Mastercard® should be one of the first credit cards you research.
Credit score requirement for approval:
Good: To be approved for this card, you’re going to need a fair-good credit score, so 660 or higher.
Annual fee:
$0
Welcome bonus
You could get a 0% promotional annual interest rate ("AIR") for 12 months on balance transfers✪ completed within 90 days of account opening, with a 3% transfer fee.
Earning potential
How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.
Rewards earned over a 12-month period + Welcome Bonus + Cash Bonus = $0 + $0 + $100 = $100
Annual fee = $0
Total earned over a 12-month period (rewards minus annual fee) = $100
Benefits:
Some credit cards make earning reward points complicated by offering more points for specific categories and fewer points for others. With the MBNA Rewards World Elite® Mastercard®, you can earn two points for every $1 spent on all purchases — simple and straightforward. This type of card is great for people who prefer a credit card that’s easy to understand and comes packed with benefits.
Credit score requirement for approval:
Good: You’ll need a credit score of 660 or higher to be approved for this card.
Annual fee:
$120
Welcome bonus:
Receive up to 30,000 MBNA Rewards bonus points:
This offer is not available for residents of Quebec. For residents of Quebec, please click here.
Offer expiry date: Ongoing offer
Rewards:
Earning potential:
How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.
Rewards earned over a 12-month period + Welcome Bonus = $744 + $300 = $1,044
Annual fee = $120
Total earned over a 12-month period (rewards minus annual fee) = $924
Benefits:
Insurance:
If travel rewards don’t interest you, then the MBNA Smart Cash World® Mastercard® is something you want to consider. The annual fee of $39 is reasonable for a card that gives you concierge services and price protection, which are typically premium benefits. As for the earn rate, you get 2% cash back on gas and grocery purchases ($500 monthly combined spend cap) and 1% on all other purchases. When you look at all the other benefits included with the MBNA Smart Cash World® Mastercard®, it’s easy to see why it is popular.
Credit score requirement for approval:
Good: Like many MBNA cards, your credit score should be 660 or higher if you want to be approved.
Annual fee:
$39
Welcome bonus
Get 5% Cash Back on eligible gas and grocery purchases for the first 6 months (until the total gas and grocery purchases in the applicable month reaches $500)
Offer expiry date: Ongoing offer
Rewards
Earning potential:
How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.
Rewards earned over a 12-month period + Welcome Bonus = $300 + $135 = $435
Annual fee = $39
Total earned over the first year (rewards minus annual fee) = $396
Benefits
Insurance:
Apply for the MBNA Rewards Platinum Plus® Mastercard® and get 5,000 bonus points after you make $500 or more in eligible purchases within the first 90 days of your account opening as part of your welcome bonus. In addition, earn rewards for evert $1 spent on groceries, restaurants, memberships, digital media and other purchases.
According to our Best of Finance methodology, the average Canadian will earn up to $545 within the first year.
Credit score requirement for approval:
Good: You’ve had a credit card or loan for at least six years. You’ve had good credit for the last seven years (no bankruptcies or defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on any existing credit cards for the past three months.
Annual fee:
$0
Welcome bonus
5,000 bonus points after you make $500 or more in eligible purchases within the first 90 days of your account opening. Plus, 5,000 bonus points†† once enrolled for paperless e-statements within the first 90 days of account opening
And 4 points†† for every $1 spent on eligible restaurant, grocery, digital media, membership and household utility purchases during the first 90 days (until $10,000 is spent annually in the applicable category)
This offer is not available for residents of Quebec. For residents of Quebec, please click here.
Offer expiry date: Ongoing offer
Rewards:
Earning potential:
How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.
Rewards earned over a 12-month period + Welcome Bonus = $340 + $ 205 = $545
Annual fee= $0
Total earned over the first year (rewards minus annual fee) = $545
Benefits:
Insurance:
Rates, product information and reward estimates are subject to change at any time and do not constitute financial advice. This post was not sponsored. RATESDOTCA may receive a referral fee from our partners or affiliate links featured on the site; however, our editorial choices are objective and free from bias. The opinions expressed in this article are purely those of RATESDOTCA; thus, the credit card issuers and partners are not responsible for any editorials or reviews that may appear. Please visit the associated brand’s website for complete and current terms and conditions on any product or service mentioned. The information in this article is accurate as of the date of this posting, January 31, 2025. Read our full disclaimer.
The MBNA credit card rewards program allows you to earn, save and redeem rewards points for great rewards such as:
MBNA credit cards are widely accepted around the globe, making them excellent for travelling. Use your credit card to pay for every purchase, tracking and managing each transaction safely. Every MBNA credit card is Chip & PIN enabled, helping secure all your purchases. You will also receive fraud alerts if your card information is misused.
Depending on which MBNA credit card you have, you’ll be covered by one of the following security policies:
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