MBNA Credit Cards

MBNA offer a wide range of credit cards that suit unique spending habits and personal interests. Depending on the type of credit card you choose, you can pay zero annual fees or zero to low interest rates, earn travel rewards, support your favourite sports team or charity, be rewarded for your spending or enjoy complimentary extras like concierge services and travel insurance. Whether you are a student or a business professional, MBNA has a vast variety of credit cards that might help you work toward your financial goals.

In this guide, we cover everything you need to know about MBNA credit cards including the different types of credit cards available, the benefits and rewards of each, the eligibility requirements and how to apply for an MBNA credit card. Finally, we answer some of the most frequently asked questions when it comes to MBNA credit cards.

Types of MBNA credit cards available

MBNA offer a huge variety of different credit cards that suit all types of financial situations and spending habits. Choose from credit cards that each offer specific benefits like complimentary insurance, travel rewards, balance transfers, low interest rates and zero annual fees. Here’s a summary of each of the main types of MBNA credit cards that are offered:

• Balance Transfer credit cards

MBNA offer a range of zero to low interest rate credit cards that work in your favour to help you pay down your debt faster. Choose from 0% to 1.99% interest for 10 months. Many of these balance transfer cards typically come with no annual fees and complimentary insurance.

• Travel Rewards credit cards

If you are a frequent traveller, you can take advantage of the benefits from an MBNA travel rewards credit card. These cards typically offer MBNA rewards points per dollar spent, bonus points, complimentary insurances and perks including concierge services, and other luxury travel rewards. MBNA rewards points can be redeemed for cash back, travel, merchandise, gift cards and more. MBNA are associated with Best Western, meaning you can earn extra points and perks specific to this company.

• Automotive Rewards credit cards

MBNA are associated with Harley-Davidson and offer a Harley-Davidson credit card. This card allows you to earn points per dollar spent, which you can then redeem at any participating Harley-Davidson retailer in Canada. This card also has no annual fee and comes with complimentary travel insurance and rental car coverage.

• No Annual Fee credit cards

Many of the credit cards offered at MBNA have no annual fees. These cards vary in terms of rewards and perks, however they typically come with complimentary travel insurance, rental car coverage and purchase protection and warranty coverage.

• College and University credit cards

Designed for alumni students from select Canadian colleges and universities, these cards typically come with no annual fees. When you spend money on eligible purchases, MBNA contribute a portion of the funds to your alumni association.

• Sports credit cards

MBNA are associated with a number of sports teams across Canada, including the Montreal Canadiens, the Toronto Raptors, and many others. These sports credit cards are specifically designed for sports fanatics who want to represent their team. These cards typically offer users points per dollar spent which can then be redeemed for merchandise, cash back, travel, sports experiences, memorabilia and more. With no annual fees, these cards also offer complimentary insurance, fraud protection and bonus points.

• Professional credit cards

These types of credit cards are designed for those who are in professional associations such as the Canadian Nurses Association, Remax, and others. With no annual fees, these cards tend to offer a few, but not all, of the following benefits: zero or low promo interest rates for up to 10 months, points per dollar spent, bonus points and complimentary insurance coverage.

• Personal Interest credit cards

Choose from a range of credit cards that cover a variety of different hobbies and personal interests. These types of cards offer some or all of the following benefits: low interest rates, zero to low interest rates for a promo period up to 10 months, complimentary insurance coverage, points per dollar spent and bonus points.

• Charity credit cards

You can help support a charitable cause while spending money on your credit card. MBNA are associated with a few different charities including the Canadian Wildlife Federation and Ducks Unlimited. Every time you use your charitable credit card on eligible purchases, a portion will be given to your charity. Alongside supporting a cause close to your heart, these cards also come with no annual fees, fraud protection and insurance coverage. Depending on the card you choose, you may also be offered a low intro APR for up to 10 months or points per dollar spent, which you can redeem for merchandise, cash back, travel and more.

The benefits of banking with MBNA

Some of the features you can enjoy when you get an MBNA credit card include:

• MBNA rewards

Depending on the credit card you choose, you may be offered a variety of different rewards including bonus points, low interest rates or promo introductory interest rates, and points per dollar that you can use toward merchandise, travel, cash back and gift cards.

• MBNA Internet banking

MBNA have a secure online banking site that you can use to check your balances, manage your money, pay your balances, send money to others, pay bills and move your money.

• MBNA credit card complimentary extras

Many MBNA credit cards come with complimentary extras like Purchase Security and Extended Warranty Protection. Some of the credit cards come with additional complimentary extras which may include travel insurance, auto rental and collision insurance, concierge services, and other luxury travel benefits.

• MBNA credit cards security

MBNA use a variety of methods to protect you from fraud including the use of encryption technology and real-time fraud detection. This means that you will be notified immediately if there is any unusual activity on your account.

How to apply for an MBNA credit card

Before you get started on your application, you should make sure that you meet the eligibility requirements for the specific credit card that you’re interested in. Eligibility requirements can vary between credit cards, but generally include the following:

Eligibility requirements

• Your age. You should be the age of majority in your province or territory, which is typically 18 years old.
• Your residency status. You typically need to be a Canadian resident to apply for a Canadian credit card.
• Your credit history. Check your credit score if you are unsure of your credit history before applying for a credit card. Most credit cards will require you to have good to excellent credit, while some may accept fair to poor credit, depending on the specific credit card.

Information you will need for your application

After checking that you are eligible for the credit card, you will need to gather the following information in order to proceed with the application process:

• Personal information. You’ll need to provide personal information such as your address and your contact information. You’ll also need to verify your identity by providing an accepted form of identification, such as your driver’s licence number or passport number.
• Financial information. You will need information about your current employment, income and assets like shares or property and your employer’s contact details. If you are self-employed, you may need to provide information regarding your expenses, liabilities and your accountant’s contact information.

Frequently asked questions about MBNA credit cards

We have the answers to some of the most commonly asked questions about MBNA credit cards. If you can’t find the answer to your question below, or if you’d like to leave us some feedback, get in touch with us by filling out the form at the bottom of this page.

• How do I activate my MBNA credit card?

  To activate your credit card, log in to your online banking and navigate to “Account Services” or “My Accounts”. If you aren’t an online banking customer, you will need to sign up for an online account.

• How do I access my MBNA Online Banking?

  Navigate to the secure MBNA website and choose the “Sign in” button to log in to your account.

• How is interest calculated on my MBNA credit card?

  Interest is calculated daily if you hold a balance on your credit card. You will be charged monthly for the total amount of interest.

• How do I check my monthly statement?

  You can receive your monthly statement in the mail or check it online via the MBNA Online Banking website.

• How can I increase my credit card limit?

  You can increase your credit card limit by contacting MBNA directly or by logging in to your online banking and requesting a credit limit increase. Alternatively, you can also decrease your credit card limit if you wish.

• My MBNA credit card is about to expire. How do I get a new one?

  You will automatically be sent a new credit card in the mail.

• How do I close my MBNA credit card account?

  To close your MBNA account, you can navigate to your online banking and close your credit card account. You will need to pay off your balance first. You can also call MBNA to receive help with closing a specific account.

• What other products do MBNA offer?

  MBNA focus solely on providing credit cards to their customers, which is why they have a vast variety of different credit cards on offer.