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MBNA Rewards Platinum Plus Mastercard review

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MBNA Rewards Platinum Plus Mastercard
Welcome Offer
Up to 10,000 points
Rewards
Up to 4 points per $1 spent
Annual Fee
$0
Purchase Interest Rate
19.99%
Cash Advance Rate
24.99%
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Summary

Get a generous welcome bonus and earn a decent return on points when you make everyday purchases. 

If you want to get a decent return on rewards but don't want to pay an annual fee, then the MBNA Rewards Platinum Plus Mastercard could be just the ticket.

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The MBNA Rewards Platinum Plus Mastercard is a fee-free card that offers a decent return on MBNA Rewards Points. Earn 4 points for every $1 spent on eligible gas, grocery, and restaurant purchases during the first 90 days, plus get 5,000 bonus points ($25 in cash back value) after you make $500 or more in eligible purchases within the first 90 days of your account opening and 5,000 bonus points ($25 in cash back value) once enrolled for paperless e-statements within the first 90 days of account opening. and one point for everything else. This card also offers basic insurance and a welcome bonus.

30-second take

  • Think about this card if you want flexible rewards and no annual fee.
  • Choose something else if you want low interest or comprehensive benefits.
  • This card doesn’t come with a minimum annual income requirement.

The basics

If you want to get a decent return on rewards but don’t want to pay an annual fee, then the MBNA Rewards Platinum Plus Mastercard could be just the ticket.

  • No annual fee. There’s no annual fee to maintain this card.
  • High earn rate. Earn 2 points for every $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases (up to $10,000 spend annually in the applicable category), and earn 1 point for every $1 spent on other eligible purchases.
  • Welcome offer. Earn 4 points for every $1 spent on eligible gas, grocery, and restaurant purchases during the first 90 days, plus get 5,000 bonus points ($25 in cash back value) after you make $500 or more in eligible purchases within the first 90 days of your account opening and 5,000 bonus points ($25 in cash back value) once enrolled for paperless e-statements within the first 90 days of account opening.
  • Purchase assurance. Protect the items you buy against loss and damage for up to 90 days
    with purchase assurance.
  • Extended warranty coverage. Get double the manufacturer’s warranty (for up to one year) on consumer goods you purchase with your card.
  • Flexible rewards. Redeem your points for all kinds of rewards like travel, cashback, merchandise, gift cards, charitable donations and more.

The perks

  • Decent return on travel rewards. You’ll only have to spend $5,000 on daily purchases to get $100 worth of travel rewards.
  • Enhanced security. Purchases are protected by security features like PIN-protected microchips and online fraud prevention mechanisms.
  • Zero Liability insurance. You can avoid paying for fraudulent purchases on your account with Zero Liability insurance.
  • Reliable customer support. MBNA offers 24/7 customer service to help you troubleshoot issues with your account.
  • Trip assistance. There’s an on-call customer support team to give you assistance when you travel.
  • Easy to qualify. You won’t have to meet any minimum income requirements to qualify for this card.

What to watch out for

  • High interest. You’ll pay 19.99% interest on purchases and 24.99% on cash advances.
  • Earning caps. There’s a $5,000 annual spending cap on categories that let you earn more points (like gas, groceries and restaurant purchases).
  • Few benefits. This card doesn’t offer comprehensive benefits like travel insurance, mobile device protection or roadside assistance.
  • Different points values. Points are worth different dollar amounts depending on the category of the reward (with travel giving the best value).

MBNA Rewards Platinum Plus Mastercard interest rates

Interest TypeInterest Rate
Purchase interest rate19.99%
Cash advance rate24.99%
Standard balance transfer rate22.99%

What should I know before I apply

How to apply

  1. Head to the MBNA website to begin your application.
  2. Complete the application, which includes providing your name, email address, social insurance number and birth date.
  3. Review and submit your application.

Bottom line

The MBNA Rewards Platinum Plus Mastercard lets you earn flexible rewards for every dollar you spend on daily purchases. This card comes with a welcome offer and basic insurance like purchase protection and extended warranty coverage. The downside is that you won’t get comprehensive benefits or a low interest rate on purchases.

Compare other credit cards

1 - 10 of 43
Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
RBC Cash Back Mastercard
N/A
Up to 2% cash back
20.99%
$0
Min. recommended credit score: 650
Neo Credit Mastercard
Get $25.00 + up to 15% cash back
Up to 5% cash back
19.99% - 29.99%
$0
Min. recommended credit score: 600
Get $25 when you sign up for the Neo Financial Mastercard. Plus, earn bonuses like 15% cashback on your first purchase at most partners, and earn an average of 5% cashback at partner stores and at least 1% cashback guaranteed.
RBC ION Visa
6,000 points
1.5 points per $1 spent
20.99%
$0
Min. recommended credit score: 660
Get 6,000 Avion points when you get approved for the card.
Tangerine World Mastercard
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until October 31, 2024. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
American Express Cobalt Card
15,000 points
Up to 5x points per $1 spent
21.99%
$155.88
Min. recommended credit score: 700
Earn up to 15,000 Membership Rewards points in your first year. Earn 1,250 Membership Rewards points for each monthly billing period in which you spend $750 in purchases. That’s up to $150 towards a weekend getaway or concert tickets.
BMO CashBack Mastercard
5% cash back
Up to 3% cash back
20.99%
$0
Min. recommended credit score: 660
Get 5% cash back on all eligible purchases in the first three months of card membership (up to max. spend of $2,500). Plus, get a rate of 0.99% on balance transfers for 9 months. A 2% fee applies to transferred balances.
Tangerine Money-Back Credit Card
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until October 31, 2024. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
RBC ION+ Visa
12,000 points
3 points per $1 spent
20.99%
$48
Min. recommended credit score: 660
Get 12,000 Avion points when you get approved for the card.
BMO eclipse rise Visa Card
25,000
Up to 5 points per $2 spent
20.99%
$0
Min. recommended credit score: 660
Earn up to 25,000 bonus points.
BMO Preferred Rate Mastercard
0.99% rate on balance transfers for 9 months
N/A
13.99%
$0 annual fee for the first year ($29 thereafter)
Min. recommended credit score: 660
Get a rate of 0.99% on balance transfers for 9 months with a 2% transfer fee. Plus, get the $29 annual fee waived by your first anniversary.
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