Types of MBNA credit cards
MBNA provides an impressive list of Visa and Mastercard credit card options.
Browse and compare credit cards on the website according to their benefits.
Low interest:
True Line Mastercard has no annual fee, and the Purchases and Balance Transfers & Access Cheques interest rate of 12.99% (cash advances interest rate is 24.99%).
The welcome offer allows you to get a 0% promotional annual interest rate (AIR) for 12 months on balance transfers made during 90 days of account opening.
True Line Gold Mastercard has a $39 annual fee and the lowest rate — 8.99% (and standard cash advances interest rate).
Cashback cards have a welcome offer that allows you to earn 5% cash back on gas and groceries for the first six months.
Smart Cash Platinum Plus Mastercard without annual fee with standard interest rates. The standard cashback rate is 5% Cash Back on gas and groceries for the first six months.
Smart Cash World Mastercard with a fee of $39. It offers 5% Cash Back on gas and groceries for the first six months.
Rewards cards offer accelerated rewards points and the flexibility to redeem points for cash back, brand-name merchandise, gift cards from participating retailers, charitable donations, and travel.
Rewards Platinum Plus Mastercard without fee, with standard rates.
Rewards World Elite Mastercard has a $120/$50 Annual Fee for primary/additional cardholders.
Best Western Rewards Mastercard lets you earn points towards Best Western hotel stays and purchases.
Travel cards allow you to save money on flights using Miles you earn on every eligible purchase.
Alaska Airlines World Elite Mastercard with a $99 Annual Fee and a lower rate for Cash Advances —22.99%. You may get Alaska’s Famous Companion Fare every year on your account anniversary for a $99 round trip with Alaska Airlines.
Alaska Airlines Platinum Plus Mastercard's annual fee is $75.
Retail and store cards have special brand offers for a 19.99% Interest rate for purchases and a 22.99% Interest rate for Balance Transfers & Access Cheques. No annual fee charges.
Amazon.ca Rewards Mastercard with a welcome offer gives a 5% cashback for the first six months.
The standard rate is 2.5%-1.5% on eligible purchases at Amazon.ca and Whole Foods Market stores and 1% back on eligible purchases everywhere else Mastercard is accepted.
Harley-Davidson Mastercard gives a chance to win a Harley-Davidson motorcycle with every eligible purchase. Redeem points for Harley Chrome Cash.
Melaleuca Mastercard allows you to earn Loyalty Shopping Dollars at 6% on eligible Melaleuca purchases, 4% on gas, grocery, and restaurant purchases, and 1% on other eligible purchases and redeem Loyalty Shopping Dollars for Melaleuca wellness products.
The Royal Canadian Legion MBNA Rewards Mastercard is a special no-annual-fee credit card to support Canadian veterans while earning points.
All MBNA cards have welcome offers which allow you to get bonus points or higher cashback, optional insurance, and an opportunity to add up to 9 authorized users with no additional annual fee.
Cash advance, balance transfers fee of 1%, and other fees may be applied.
How to apply for an MBNA credit card
Visit the MBNA website and click the «Apply now» button under the needed product.
You will see all the fees and other details about the chosen credit card, tick for an Electronic Documents Consent.
Fill out an application form, which will take 5-10 minutes. Enter your personal, income, contact, and employment information.
You may also add authorized users, request a balance transfer, and enroll in the Payment Protection Plan. Submit your application.
MBNA Credit Specialists will review your application and notify you of the decision by mail within 30 days.
You may also apply by phone calling at 1-877-428-6060.
Requirements
Most of the MBNA credit cards are open to:
Canadian residents
who are of the age of majority in their province/territory of residence and
have a valid email address.
To be eligible for MBNA Smart Cash World Mastercard, your annual income must be more significant than $60,000, or your yearly household income must be $100,000 or greater.
For Alaska Airlines and Rewards World Elite Mastercard, your personal annual income must be more significant than $80,000, or your household income must be $150,000 or greater.
Pros and cons
Pros
Competitive interest
A wide range of products
No fee, low-interest rate options
Flexible rewards and cashback
Promo offers for new clients
Optional insurance
Bonuses from the retailers
Cons
Other fees may be charged
Long time for approval
Standard cashback rates aren't so great
Lack of premium credit cards
How to make a payment
Payments are processed daily, Monday-Friday. You could use Telephone or Internet Banking or an ATM. To add your account to your Internet Banking profile, follow your Financial Institution's steps and select «MBNA Canada Mastercard» or «MBNA Visa» as the payee.
Paying by mail to:
MBNA
P.O. Box 4369, Station A
Toronto, ON M5W 3P2
Pay through Western Union or set up Pre-Authorized Payment using your online account; call 1-800-347-6262 for assistance.