Best MBNA Credit Cards in Canada

Who are MBNA and how do their credit cards work?

MBNA, a division of The Toronto-Dominion Bank (TD Bank Group), is one of Canada’s leading credit card issuers. Known for its diverse range of credit card products, MBNA caters to a broad spectrum of consumers with various financial needs and preferences. Established with a focus on customer-centric solutions, MBNA has built a reputation for providing competitive credit card options with attractive rewards, benefits, and features.

History and Background

MBNA, originally known as the Maryland Bank National Association, was founded in the United States and quickly grew to become one of the largest independent credit card issuers. The Canadian operations of MBNA were acquired by TD Bank in 2011, integrating MBNA’s extensive credit card portfolio into one of Canada’s largest financial institutions. This acquisition allowed MBNA to leverage TD Bank’s robust infrastructure and customer service capabilities, further enhancing its offerings to Canadian consumers.

How MBNA Credit Cards Work

MBNA credit cards function similarly to other credit cards, providing a line of credit that cardholders can use for purchases, balance transfers, and cash advances. Here’s a detailed look at how they work:

1. Application and Approval: To obtain an MBNA credit card, consumers must apply either online, by phone, or through mail. The approval process typically involves a credit check and an evaluation of the applicant’s financial history and income.

2. Credit Limit: Upon approval, cardholders are assigned a credit limit based on their creditworthiness. This limit represents the maximum amount they can charge to the card.

3. Rewards and Benefits: Depending on the specific card, users can earn rewards such as cash back, points, or travel miles for every dollar spent. These rewards can be redeemed according to the terms and conditions of the card.

4. Interest Rates and Fees: MBNA credit cards come with varying interest rates for purchases, balance transfers, and cash advances. Some cards may also have annual fees, which are often offset by the rewards and benefits provided.

5. Repayment: Cardholders receive a monthly statement detailing their transactions, interest charges, and the minimum payment due. Paying the full balance by the due date avoids interest charges, while paying only the minimum amount incurs interest on the remaining balance.

6. Additional Features: Many MBNA cards include extra perks such as travel insurance, extended warranties, purchase protection, and access to exclusive events or discounts.

In conclusion, MBNA’s credit cards offer a combination of flexibility, rewards, and customer-focused features, making them a compelling choice for Canadian consumers seeking to enhance their financial management and reap the benefits of a well-rounded credit card program.

Pros and cons of MBNA credit cards

Choosing the right credit card is a crucial financial decision, and understanding the advantages and disadvantages of MBNA credit cards can help you make an informed choice. Here’s a detailed look at the pros and cons of MBNA credit cards:

Pros of MBNA Credit Cards

1. Diverse Range of Options:

   • Variety: MBNA offers a wide array of credit cards tailored to different financial needs, including cash back, travel rewards, low-interest, balance transfer, and student cards.
   • Customization: This variety allows consumers to select a card that best aligns with their spending habits and financial goals.

2. Competitive Rewards Programs:

   • Cash Back: Many MBNA cards offer generous cash back on everyday purchases, sometimes with higher percentages in specific categories like groceries or gas.
   • Travel Rewards: For frequent travelers, MBNA provides cards that accumulate points or miles, which can be redeemed for flights, hotels, car rentals, and other travel expenses.

3. Attractive Introductory Offers:

   • Balance Transfer Promotions: Some MBNA cards come with 0% interest on balance transfers for a set introductory period, which can be beneficial for consolidating and paying off debt.
   • Welcome Bonuses: New cardholders often receive substantial welcome bonuses after meeting a minimum spending requirement within the first few months.

4. Additional Perks and Benefits:

   • Insurance Coverage: Many MBNA cards include travel insurance, purchase protection, extended warranties, and more.
   • Exclusive Access: Cardholders may gain access to special events, discounts, and promotions through the MBNA Rewards program.

5. Customer Service:

   • Reputation: MBNA is known for its responsive and helpful customer service, providing assistance with account management and issue resolution.
   • Support: 24/7 customer service support is often available, ensuring help is accessible whenever needed.

6. No Annual Fee Options:

   • Budget-Friendly: MBNA offers several no-annual-fee cards, making it easier for budget-conscious consumers to access credit without an additional yearly cost.

Cons of MBNA Credit Cards

1. Annual Fees on Premium Cards:

   • Cost: Some of the more rewarding or feature-rich MBNA credit cards come with annual fees, which might not be justifiable for all users, especially if they do not fully utilize the card’s benefits.

2. Interest Rates:

   • High APR: While some MBNA cards offer competitive rates, others have relatively high standard APRs for purchases and cash advances, which can lead to significant interest charges if balances are not paid in full each month.

3. Limited International Acceptance:

   • Usage Abroad: Although MBNA cards are widely accepted in Canada and the United States, their acceptance might be more limited in certain international destinations compared to other major credit card networks like Visa or MasterCard.

4. Rewards Program Restrictions:

   • Redemption Limitations: The redemption options and processes for some rewards programs may have restrictions or less favorable terms, such as lower point values for certain types of redemptions or limited availability of travel rewards.
   • Expiry: Some rewards points may expire if not used within a certain period, which can be a drawback for infrequent users.

5. Balance Transfer Fees:

   • Costly Transfers: While MBNA offers attractive balance transfer rates, these often come with transfer fees (e.g., 1-3% of the transferred amount), which can add up, especially for large balances.

6. Potential for Overuse:

   • Temptation: The attractive rewards and perks can sometimes encourage overspending, leading to higher debt levels if not managed responsibly.

MBNA credit cards present a compelling option for a wide range of consumers, thanks to their diverse offerings, competitive rewards programs, and strong customer service. However, potential users should carefully consider the associated fees, interest rates, and any restrictions on rewards programs to ensure the chosen card aligns with their financial needs and usage patterns. By weighing these pros and cons, you can make a more informed decision about whether an MBNA credit card is the right fit for you.

Types of MBNA credit cards

MBNA offers a diverse selection of credit cards in Canada, each tailored to meet the needs of different consumers. Here’s a comprehensive look at the various types of MBNA credit cards available:

1. Cash Back Credit Cards

Cash back credit cards are designed for those who want to earn cash rewards on their everyday purchases. MBNA offers several options that allow cardholders to accumulate cash back on specific categories such as groceries, gas, and other purchases.

• MBNA Smart Cash Platinum Plus® Mastercard®: This card offers cash back on everyday purchases, with higher rates for grocery and gas purchases.
• MBNA Rewards Platinum Plus® Mastercard®: This card also includes a cash back option, allowing points to be redeemed for cash, merchandise, travel, and gift cards.

2. Travel Rewards Credit Cards

For frequent travelers, MBNA provides cards that offer travel points, which can be redeemed for flights, hotel stays, car rentals, and other travel-related expenses.

• MBNA Rewards World Elite® Mastercard®: This premium card offers a high earn rate on points, travel insurance, and other travel benefits.
• Alaska Airlines® Mastercard®: This card is ideal for those who frequently travel with Alaska Airlines, offering miles for purchases that can be redeemed for flights.

3. Low-Interest and Balance Transfer Credit Cards

These cards are suitable for individuals looking to save on interest or consolidate existing debt. They typically offer lower interest rates on purchases and balance transfers.

• MBNA True Line® Mastercard®: Known for its low standard interest rate on purchases and balance transfers.
• MBNA True Line® Gold Mastercard®: This card offers even lower interest rates and additional benefits compared to the standard True Line® card.

4. Student Credit Cards

Student credit cards are designed to help students build their credit history while enjoying some rewards and benefits. These cards typically have lower credit limits and fewer fees.

• MBNA Rewards Student Mastercard®: This card offers a simplified rewards program, helping students earn points on their purchases while building their credit history.

5. Specialty Rewards Credit Cards

These cards offer unique benefits tailored to specific spending habits, affiliations, or interests, such as sports fans or charitable donors.

• MBNA Best Western Rewards® Mastercard®: Ideal for those who frequently stay at Best Western hotels, offering points that can be redeemed for hotel stays.
• MBNA Rewards Mastercard®: This card allows cardholders to earn points on every purchase, which can be redeemed for a variety of rewards including travel, merchandise, and gift cards.

6. No Annual Fee Credit Cards

For budget-conscious consumers, MBNA offers several no-annual-fee cards that still provide valuable rewards and benefits.

• MBNA Rewards Platinum Plus® Mastercard®: This no-annual-fee card offers rewards points that can be redeemed for cash back, travel, merchandise, and more.
• MBNA Smart Cash Platinum Plus® Mastercard®: Another no-annual-fee option, offering cash back on everyday purchases.

MBNA’s credit card offerings in Canada cater to a wide range of consumer needs, from cash back and travel rewards to low-interest options and student cards. Whether you’re looking to maximize your rewards, save on interest, build credit, or enjoy specific benefits tailored to your lifestyle, there’s an MBNA credit card designed to meet your requirements. By exploring the various types of MBNA credit cards available, you can find the one that best aligns with your financial goals and spending habits.

How to find and choose the best MBNA credit cards in Canada

Choosing the right MBNA credit card can significantly impact your financial health and rewards accumulation. Here’s a step-by-step guide on how to find and choose the best MBNA credit cards in Canada:

Step 1: Assess Your Financial Needs and Goals

Before diving into the specifics of each card, take a moment to evaluate your financial needs and goals. Consider the following factors:

• Spending Habits: Identify where you spend most of your money (e.g., groceries, gas, travel, dining).
• Financial Goals: Determine whether you want to earn rewards, save on interest, build credit, or manage existing debt.
• Credit Score: Check your credit score as it will influence your eligibility for certain cards, especially those with premium benefits.

Step 2: Understand the Types of MBNA Credit Cards

Familiarize yourself with the different types of MBNA credit cards available in Canada to match them with your needs:

• Cash Back Credit Cards: Ideal for earning cash rewards on everyday purchases.
• Travel Rewards Credit Cards: Best for frequent travelers looking to earn points for flights, hotels, and other travel expenses.
• Low-Interest and Balance Transfer Credit Cards: Suitable for saving on interest or consolidating debt.
• Student Credit Cards: Designed to help students build credit while earning rewards.
• Specialty Rewards Credit Cards: Offer unique benefits tailored to specific interests or affiliations.
• No Annual Fee Credit Cards: Good for budget-conscious consumers who still want to earn rewards.

Step 3: Compare Key Features and Benefits

Once you’ve identified the type of card that suits your needs, compare the features and benefits of the top MBNA cards in that category. Focus on the following aspects:

• Rewards Program: Look at the earn rates for rewards points or cash back, and check if there are bonus categories (e.g., higher rewards for groceries, gas, or travel).
• Introductory Offers: Consider cards with attractive sign-up bonuses or promotional interest rates on balance transfers.
• Annual Fees: Weigh the benefits of the card against the annual fee. Some high-fee cards offer substantial rewards and perks that can justify the cost.
• Interest Rates: Review the standard APR for purchases, balance transfers, and cash advances. Lower interest rates can save you money if you carry a balance.
• Additional Perks: Look for extra benefits such as travel insurance, purchase protection, extended warranties, and exclusive access to events or discounts.

Step 4: Evaluate the Card’s Terms and Conditions

Carefully read the terms and conditions of the card to understand any potential limitations or fees:

• Foreign Transaction Fees: If you travel frequently, consider a card with no foreign transaction fees.
• Rewards Redemption: Ensure the rewards program has flexible and valuable redemption options that suit your preferences.
• Expiry and Caps: Check if rewards points expire or if there are caps on the amount of rewards you can earn.

Step 5: Use Online Tools and Resources

Leverage online tools and resources to compare MBNA credit cards:

• Comparison Websites: Use financial comparison websites to compare different MBNA credit cards side by side.
• MBNA Website: Visit the official MBNA website for detailed information on each card, including current offers and promotions.
• Customer Reviews: Read customer reviews and testimonials to gauge real-world experiences with the card.

Step 6: Apply for the Card

Once you’ve chosen the best MBNA credit card for your needs, proceed with the application:

• Online Application: Most MBNA cards allow you to apply online for a quick and convenient process.
• Required Information: Be prepared to provide personal information, income details, and consent for a credit check.
• Approval Process: The approval process typically involves a review of your credit history and financial information. If approved, you’ll receive your card within a few weeks.

Tips for Maximizing Your MBNA Credit Card

• Pay Your Balance in Full: To avoid interest charges, always try to pay your balance in full each month.
• Monitor Spending: Keep track of your spending to stay within your budget and maximize rewards.
• Take Advantage of Rewards: Regularly redeem your rewards for travel, cash back, or other benefits to ensure you’re getting the most value from your card.

By following these steps, you can find and choose the best MBNA credit card in Canada that aligns with your financial goals and lifestyle, ensuring you get the most value and benefits from your credit card.

How to apply for an MBNA credit card

Applying for an MBNA credit card in Canada is a straightforward process that can be completed online, by phone, or through mail. Here’s a step-by-step guide to help you through the application process:

Step 1: Research and Select the Right Card

1. Identify Your Needs: Determine the type of credit card that suits your financial needs and spending habits (cash back, travel rewards, low-interest, etc.).
2. Compare Options: Use comparison websites, read customer reviews, and visit the MBNA website to compare the features, benefits, and fees of different MBNA credit cards.
3. Check Eligibility: Ensure you meet the eligibility criteria for the card, such as minimum income requirements and credit score.

Step 2: Gather Required Information

Before starting your application, gather the necessary information:

• Personal Information: Full name, date of birth, and Social Insurance Number (SIN).
• Contact Information: Home address, phone number, and email address.
• Employment Information: Current employment status, employer’s name, job title, and annual income.
• Financial Information: Details about your monthly housing costs (rent or mortgage), other income sources, and any existing debts.

Step 3: Choose Your Application Method

You can apply for an MBNA credit card through one of the following methods:

1. Online Application:
   • Visit the MBNA Website: Go to the official MBNA Canada website and navigate to the credit card section.
   • Select the Card: Choose the credit card you want to apply for and click on the “Apply Now” button.
   • Fill Out the Application Form: Enter the required information accurately and completely. Double-check for any errors before submitting.
   • Submit the Application: After completing the form, submit your application online. You will receive a confirmation email acknowledging receipt of your application.
2. Phone Application:
   • Call MBNA Customer Service: Dial the MBNA customer service number and request to apply for a credit card.
   • Provide Information: Be prepared to provide all the necessary personal, contact, employment, and financial information over the phone.
   • Submit Application: The customer service representative will complete the application on your behalf and inform you of the next steps.
3. Mail Application:
   • Request an Application Form: You can request an application form from MBNA by calling their customer service or downloading it from their website.
   • Fill Out the Form: Complete the application form with the required information.
   • Mail the Form: Send the completed form to the address provided by MBNA.

Step 4: Wait for Approval

After submitting your application, MBNA will review your information and perform a credit check. The approval process typically involves:

1. Credit Check: MBNA will review your credit history to assess your creditworthiness.
2. Application Review: Your application details will be reviewed, including your income and employment information.

Step 5: Receive Your Card

If your application is approved, you will receive your new MBNA credit card within a few weeks. Upon receiving your card:

1. Activate the Card: Follow the instructions provided to activate your credit card. This usually involves calling a toll-free number or activating it online.
2. Set Up Online Banking: Register for online banking to manage your account, track your spending, view statements, and pay your bill.
3. Review Terms and Conditions: Read through the card’s terms and conditions, including interest rates, fees, and rewards program details to fully understand your card’s features.

Tips for a Smooth Application Process

• Check Your Credit Score: Before applying, check your credit score to ensure it meets the card’s requirements. This can help avoid unnecessary rejections.
• Provide Accurate Information: Ensure all the information you provide is accurate and up-to-date to avoid delays or denial.
• Understand the Card’s Features: Make sure you fully understand the card’s benefits, fees, and rewards structure to ensure it aligns with your needs.

By following these steps, you can efficiently apply for an MBNA credit card in Canada and take advantage of the various benefits and rewards that come with being an MBNA cardholder.

What is credit score and how much do I need for an MBNA credit card

Understanding Credit Scores

A credit score is a numerical representation of your creditworthiness, reflecting your ability to repay borrowed money. It is derived from your credit history, which includes your payment history, the amount of debt you owe, the length of your credit history, the types of credit accounts you have, and any new credit inquiries. Credit scores in Canada typically range from 300 to 900, with higher scores indicating better creditworthiness.

Factors Affecting Credit Scores

1. Payment History (35%): Your record of on-time payments or missed payments.
2. Credit Utilization (30%): The ratio of your current debt to your total available credit.
3. Length of Credit History (15%): The age of your credit accounts, including the average age of all accounts.
4. Credit Mix (10%): The variety of credit accounts you have, such as credit cards, loans, and mortgages.
5. New Credit Inquiries (10%): Recent applications for new credit, which can temporarily lower your score.

Credit Score Ranges

• Excellent (800-900): Very low risk to lenders.
• Very Good (740-799): Low risk to lenders.
• Good (670-739): Moderate risk, generally acceptable to most lenders.
• Fair (580-669): Higher risk, may have limited access to credit products.
• Poor (300-579): Very high risk, may struggle to obtain credit.

Credit Score Requirements for MBNA Credit Cards

The specific credit score requirements for MBNA credit cards can vary depending on the type of card and its associated benefits. Generally, here’s a breakdown of the typical credit score ranges needed for different types of MBNA credit cards:

1. Cash Back and Rewards Credit Cards

   • MBNA Rewards Platinum Plus® Mastercard®: Generally requires a good to very good credit score (670+).
   • MBNA Smart Cash Platinum Plus® Mastercard®: Typically needs a good credit score (670+).

2. Travel Rewards Credit Cards

   • MBNA Rewards World Elite® Mastercard®: Requires a very good to excellent credit score (740+).
   • Alaska Airlines® Mastercard®: Usually requires a good to very good credit score (670+).

3. Low-Interest and Balance Transfer Credit Cards

   • MBNA True Line® Mastercard®: Can be available to those with a fair to good credit score (580+).
   • MBNA True Line® Gold Mastercard®: Typically requires a good credit score (670+).

4. Student Credit Cards

   • MBNA Rewards Student Mastercard®: Designed for students, it may have more lenient requirements, potentially accepting fair credit scores (580+).

5. Specialty Rewards Credit Cards

   • MBNA Best Western Rewards® Mastercard®: Generally requires a good to very good credit score (670+).
   • MBNA Rewards Mastercard®: Typically needs a good credit score (670+).

How to Check Your Credit Score

You can check your credit score through various services in Canada, including:

• Equifax Canada: Offers credit reports and scores directly to consumers.
• TransUnion Canada: Provides credit scores and reports.
• Credit Monitoring Services: Services like Credit Karma, Borrowell, and Mogo offer free credit score monitoring.

Tips to Improve Your Credit Score

If your credit score is not where it needs to be to qualify for your desired MBNA credit card, consider these steps to improve it:

1. Pay Bills on Time: Ensure all your payments are made on time to maintain a positive payment history.
2. Reduce Debt: Lower your credit card balances to improve your credit utilization ratio.
3. Keep Old Accounts Open: The age of your credit accounts contributes positively to your credit score.
4. Avoid New Credit Applications: Limit new credit inquiries to avoid temporary drops in your score.
5. Monitor Your Credit Report: Regularly check your credit report for errors and dispute any inaccuracies.

By understanding your credit score and knowing the typical requirements for different MBNA credit cards, you can better position yourself to qualify for the card that best meets your financial needs and goals.

Common interest rates, fees and costs for MBNA credit cards in Canada

When considering an MBNA credit card, it’s important to understand the various interest rates, fees, and costs associated with the card. Here’s a detailed look at these components:

Interest Rates

1. Purchase Interest Rate:

   • Standard Rates: MBNA credit cards typically have purchase interest rates ranging from 19.99% to 22.99% annually.
   • Low-Interest Cards: Some cards, like the MBNA True Line® Mastercard®, offer lower purchase interest rates around 12.99% annually.

2. Balance Transfer Interest Rate:

   • Promotional Rates: MBNA often provides introductory balance transfer rates as low as 0% for a specified period (e.g., 6 to 12 months). After the promotional period, the standard balance transfer rate applies, usually around 21.99%.
   • Standard Rates: For cards without promotional offers, balance transfer rates generally range from 19.99% to 22.99%.

3. Cash Advance Interest Rate:

   • Standard Rates: Cash advances typically incur higher interest rates than purchases, usually around 24.99% to 27.99% annually. These rates apply immediately from the date of the transaction.

Fees

1. Annual Fees:

   • No Annual Fee: Many MBNA cards have no annual fee, such as the MBNA Smart Cash Platinum Plus® Mastercard® and the MBNA Rewards Platinum Plus® Mastercard®.
   • Annual Fee Cards: Some cards with more premium features and rewards, like the MBNA Rewards World Elite® Mastercard®, charge an annual fee, usually ranging from $89 to $120.

2. Balance Transfer Fees:

   • Typically, MBNA charges a fee for balance transfers, usually around 1% to 3% of the amount transferred. Promotional balance transfer offers might have lower fees or even waive the fee.

3. Cash Advance Fees:

   • Cash advances typically incur a fee of around 3% to 5% of the amount advanced, with a minimum fee of $7.50 to $10 per transaction.

4. Foreign Transaction Fees:

   • Most MBNA credit cards charge a foreign transaction fee of 2.5% on purchases made in foreign currencies. This fee is applied to the converted Canadian dollar amount.

5. Late Payment Fees:

   • Late payments can incur a fee, usually around $25 to $40, depending on the card and the outstanding balance.

6. Over-Limit Fees:

   • If you exceed your credit limit, you may be charged an over-limit fee, typically around $25 to $40.

7. Returned Payment Fees:

   • If a payment is returned (e.g., due to insufficient funds), a fee of around $25 to $40 may be charged.

Additional Costs

1. Interest on New Purchases:

   • Interest on new purchases is typically charged if you carry a balance from month to month. Paying your full balance by the due date each month avoids interest charges on new purchases.

2. Interest-Free Grace Period:

   • MBNA credit cards usually offer an interest-free grace period on purchases if the balance is paid in full by the due date. This period is typically 21 to 25 days from the statement date.

3. Insurance and Additional Services:

   • Some MBNA cards come with optional insurance coverages, such as travel insurance, purchase protection, and extended warranties. These may be included or available for an additional fee.
   • Premium cards might offer additional services such as concierge services or exclusive access to events, which can add value but might come at a higher annual fee.

Summary of Common MBNA Credit Cards and Their Costs

1. MBNA Rewards Platinum Plus® Mastercard®:

   • Purchase APR: 19.99%
   • Balance Transfer APR: 21.99%
   • Annual Fee: None
   • Balance Transfer Fee: 3% of the amount

2. MBNA Smart Cash Platinum Plus® Mastercard®:

   • Purchase APR: 19.99%
   • Balance Transfer APR: 21.99%
   • Annual Fee: None
   • Balance Transfer Fee: 3% of the amount

3. MBNA True Line® Mastercard®:

   • Purchase APR: 12.99%
   • Balance Transfer APR: 12.99%
   • Annual Fee: None
   • Balance Transfer Fee: 3% of the amount

4. MBNA Rewards World Elite® Mastercard®:

   • Purchase APR: 19.99%
   • Balance Transfer APR: 21.99%
   • Annual Fee: $120
   • Balance Transfer Fee: 3% of the amount

By understanding these interest rates, fees, and costs, you can better choose the MBNA credit card that aligns with your financial habits and goals, ensuring you maximize benefits while managing costs effectively.

Alternatives to MBNA credit cards

There are several alternatives to MBNA credit cards available in Canada, each offering its own set of features, rewards, and benefits. Here are some popular alternatives to consider:

1. Scotiabank Credit Cards

Scotiabank offers a range of credit cards catering to various needs, including cash back, travel rewards, low-interest, and student cards. Some popular options include the Scotiabank Gold American Express® Card for travel rewards and the Scotiabank Momentum® Visa Infinite* Card for cash back rewards.

2. BMO Credit Cards

BMO (Bank of Montreal) provides a diverse selection of credit cards, including cash back, travel rewards, low-interest, and business cards. The BMO World Elite® Mastercard® is known for its travel rewards, while the BMO CashBack® Mastercard® offers competitive cash back rates.

3. CIBC Credit Cards

CIBC (Canadian Imperial Bank of Commerce) offers a variety of credit cards tailored to different lifestyles and preferences. The CIBC Aventura® Visa Infinite* Card is popular for its travel rewards, while the CIBC Dividend® Visa Infinite* Card is renowned for its cash back benefits.

4. TD Credit Cards

TD Canada Trust provides a range of credit cards with diverse rewards and benefits. The TD® Aeroplan® Visa Infinite* Card is well-regarded for Aeroplan travel rewards, while the TD Cash Back Visa Infinite* Card offers attractive cash back rates.

5. American Express Credit Cards

American Express offers premium credit cards with generous rewards and exclusive perks. The American Express® Platinum Card is renowned for its travel benefits and airport lounge access, while the American Express Cobalt™ Card offers flexible rewards points for everyday spending.

6. Tangerine Credit Cards

Tangerine offers no-fee credit cards with customizable cash back categories. The Tangerine Money-Back Credit Card allows cardholders to choose up to three categories to earn enhanced cash back rewards.

7. Capital One Credit Cards

Capital One provides a variety of credit cards with flexible rewards and benefits. The Capital One® Aspire Cash™ Platinum Mastercard® is known for its simple cash back rewards, while the Capital One® World Elite® Mastercard® offers travel rewards and insurance benefits.

8. Rogers Bank Credit Cards

Rogers Bank offers credit cards with cash back rewards and no foreign transaction fees. The Rogers World Elite® Mastercard® is popular for its cash back rates and travel benefits, while the Rogers Platinum Mastercard® is suitable for everyday spending with no annual fee.

9. Canadian Tire Credit Cards

Canadian Tire provides credit cards with rewards for Canadian Tire purchases and flexible redemption options. The Triangle™ World Elite Mastercard® offers cash back rewards and exclusive benefits for Canadian Tire customers.

10. President’s Choice Financial Credit Cards

President’s Choice Financial offers credit cards with rewards points for groceries, gas, and everyday purchases. The PC Financial World Elite Mastercard® is popular for its PC Optimum points and no annual fee.

These are just a few alternatives to MBNA credit cards available in Canada. It’s essential to compare the features, rewards, fees, and benefits of each card to find the one that best suits your financial needs and preferences.

FAQs about the best MBNA credit cards in Canada