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The Royal Canadian Legion MBNA Rewards Mastercard review

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The Royal Canadian Legion MBNA Rewards Mastercard
Welcome Offer
5,000 points
Rewards
Up to 2 points per $1 spent
Annual Fee
$0
Purchase Interest Rate
19.99%
Cash Advance Rate
24.99%
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Summary

Earn flexible rewards while you support Canadian veterans with this fee-free card. 

Earn 2 points for every $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases (until $10,000 is spent annually in the applicable category), and earn 1 point for every $1 spent on all other eligible purchases.

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The Royal Canadian Legion MBNA Rewards Mastercard is a rewards card offered by MBNA bank. It lets you earn two points for every dollar you spend on gas and groceries, as well as one point for everything else. You’ll also get a generous welcome bonus and basic purchases insurance when you sign up.

30-second take

  • Think about this card if you want to support The Royal Canadian Legion for no annual fee.
  • Choose something else if you’re looking for low interest or comprehensive benefits.
  • There are no minimum annual income requirements to qualify for this card.

The basics

If you want to use your credit card purchases to support local veterans while earning flexible rewards, then The Royal Canadian Legion MBNA Rewards Mastercard could be a good fit for you.

  • No annual fee. There’s no annual fee to maintain this card.
  • Rewards. Earn 2 points for every $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases (until $10,000 is spent annually in the applicable category), and earn 1 point for every $1 spent on all other eligible purchases.
  • 2x the points. Earn double the points when you shop for gas, groceries and restaurant purchases
  • Welcome offer. Get 2,500 bonus points ($12.50 in cash back value) after your first eligible purchase within the first 90 days of account opening and 2,500 bonus points ($12.50 in cash back value) once enrolled for e-statements within the first 90 days of account opening.
  • Purchase protection. Protect your purchases with purchase assurance for up to 90 days
    , and extended warranty coverage for up to one additional year
  • Car rental discounts. Get 10% off your next car rental with Avis or Budget when you travel in North America (and 5% off internationally)
  • Flexible rewards. Exchange your points for travel, cashback, gift cards, merchandise and more.
  • No fee for additional cards. You can add up to nine extra cards to your account for no annual fee.

The perks

  • Travel perks. Take advantage of travel perks like lost luggage assistance and ticket replacement services when you travel.
  • Security features. Reduce the risk of fraud with chip-enabled transactions and card verification codes for online purchases.
  • Contactless payments. Save time when you check out with easy tap and go payments.
  • Zero-liability insurance. Rest easy knowing you’re protected from unauthorized use of your card.
  • Easy to qualify. There are no minimum annual income requirements to qualify for this card.
  • Reliable customer service. Contact the on-call customer support team to get assistance with any issues or concerns you might have with your account.
  • Bonus points. Each year, you will receive Birthday Bonus Points equal to 10% of the total number of Points the account earned in the 12 months before the month of the primary cardholder's birthday, to a maximum Birthday Bonus each year of 10,000 Points.

What to watch out for

  • High interest. You’ll pay 19.99% interest for purchases and 24.99% for cash advances.
  • No introductory balance transfer rate. Balance transfers are charged 22.99% interest, and you won’t get a discounted rate in your first few months.
  • Few benefits. This card doesn’t offer comprehensive benefits like travel medical, 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).

The Royal Canadian Legion MBNA Rewards 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 Royal Canadian Legion MBNA Rewards Mastercard gives you a decent return on MBNA points for every dollar you spend on your card. You’ll also get a welcome offer and basic purchases insurance when you sign up, along with a handful of travel perks. The downside is that you won’t get comprehensive benefits or a low interest rate on purchases.

Compare other credit cards

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
RBC ION Visa
3,500 points
1.5 points per $1 spent
20.99%
$0
Min. recommended credit score: 660
Get 3,500 Avion points when you get approved for the card.
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.
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 April 30, 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 April 30, 2024. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
RBC Cash Back Mastercard
N/A
Up to 2% cash back
20.99%
$0
Min. recommended credit score: 650
RBC ION+ Visa
7,000 points
3 points per $1 spent
20.99%
$48
Min. recommended credit score: 660
Get up to 7,000 welcome points. Get 3,500 points on approval and earn 3,500 bonus points when you spend $500 in your first 3 months.
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 in the first year.
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