Compare MBNA Credit Cards

MBNA

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.

Best Overall MBNA Credit Card: MBNA True Line^® Mastercard^®

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:

No annual fee

Other perks:

• Save 10% off the base rates in Canada and the U.S., and a minimum of 5% off internationally at Avis Rent A Car and Budget Rent A Car locations

Best MBNA Travel Credit Card: MBNA Rewards World Elite^® Mastercard^®

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

Limited time offer/bonus:

• Get 20,000 points after you charge $2,000 to your card within 90 days of opening your account.
• Get 10,000 points when you enroll for paperless e-statements within 90 days of opening your account.

Offer expiry date: N/A subject to change without notice

Rewards:

• Earn two points for every $1 spent on all eligible purchases.

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 = 78,000 points
Monetary value = $780
Annual fee= $120
Total earned over the first year (rewards minus annual fee) = $660

Insurance:

• Travel accident - $1,000,000
• Trip interruption - $2,000
• Car rental theft and damage
• Extended warranty
• Purchase assurance

Other perks:

• Save on rental cars at participating Avis Rent A Car and Budget Rent A Car locations across the U.S. and Canada.
• Pay the lowest possible price with the price protection service.

Best MBNA Cash Back Card: MBNA Smart Cash World Mastercard^®

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

Limited time offer/bonus:

• Earn 5% cash back on gas and grocery purchases for the first six months, up to the $500 monthly combined spend cap.

Offer expiry date: N/A subject to change without notice

Rewards:

• After the promotional period ends, earn 2% cash back on gas and groceries ($500 monthly combined spend cap) and 1% on all other purchases.

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 = $435
Annual fee= $39
Total earned over the first year (rewards minus annual fee) = $396

Insurance:

• Rental vehicle collision damage waiver benefits
• Extended warranty
• Purchase assurance

Other perks:

• Save 10% off the base rates in Canada and the U.S., and a minimum of 5% off internationally at Avis Rent A Car and Budget Rent A Car locations.
• Pay the lowest possible price with the price protection service.

Best MBNA Rewards Card: MBNA Rewards Platinum Plus^® Mastercard^®

Apply for the MBNA Rewards Platinum Plus^® Mastercard^® and get four times the MBNA Rewards points for every $1 spent on grocery, restaurant, digital media, membership, and household utility purchases for the first 90 days (about three months), up to the $10,000 spending cap in each of these categories annually.

According to our Best of Finance methodology, the average Canadian will see $503 in MBNA Rewards points 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

Limited time offer/bonus:

• Earn 4X the MBNA Rewards points for every $1 spent on eligible grocery, restaurant, digital media, membership, and household utility purchases for the first 90 days, subject to an annual cap of $10,000 spent in each category.
• Get 5,000 bonus points when you make your first $500 in purchases within 90 days of opening the account. Get another 5,000 points when you enroll in paperless e-statements within the same period.

This offer is not available for residents of Quebec. For residents of Quebec, please click here.

Offer expiry date: N/A subject to change without notice

Rewards:

• Earn two points for every $1 spent on eligible grocery, restaurant, digital media, membership, and household utility purchases, until $10,000 is spent in the category annually.
• Earn one point for every $1 spent everywhere else you shop.

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 = 50,300 points
Monetary value= $503
Annual fee = $0
Total earned over the first year (rewards minus annual fee) = $503

You can redeem your points for:

• Travel
• Merchandise
• Gift cards
• Statement credits

Insurance:

• Travel accident - $1,000,000
• Unexpected return home - $2,00
• Rental car accident - 2,000,000
• Rental car personal effects - $1,000
• Mobile device insurance
• Purchase assurance
• Extended warranty

Other perks:

• Save on rental cars with AVIS Rent A Car and Budget Rent A Car across the U.S. and Canada.
• Receive Birthday Bonus Points each year. Get 10% of the total number of points earned on the account in the 12 months before the primary cardholder's birthday, up to 10,000 points annually.

*Rates, product information, and reward estimates are subject to change at any time and do not constitute financial advice.