About bank
MBNA Canada is a division of the Toronto-Dominion Bank (known as TD Bank Group — TD), the sixth largest bank in North America. The acquisition happened in 2011 when TD purchased MBNA's Canada MasterCard portfolio to become one of the largest Canadian credit providers and get both Mastercard and Visa credit cards to issue.
MBNA is based in Ottawa to provide services and products to hundreds of Canadian membership organizations, credit unions, and financial institutions, sports associations, educational institutions, and charities.
Features
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MBNA Canada is focused on credit card services to offer a great variety of options. It's maintaining the leading position as a provider of co-branded and affinity credit card programs in Canada. The partner companies provide bonuses and special offers for MBNA cardholders (no cash value, bonuses are posted to your points account within 10 weeks from the transaction date).
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The bank is a division of a large reputable bank group with more than 22 million clients all over the world.
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Mobile App and online banking accounts are made for your convenience and allow you to have access to the credit card account anytime.
Pros and cons
Pros
One of the leading credit card companies
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A large number of options so that you can choose the best MBNA credit card that caters to your needs
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Both Visa and Mastercard
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Rewards, a bonus point offer, and cashback on restaurants, digital media, grocery purchases, household utility purchases, etc.
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No fee, low-interest options
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Bonuses from partner companies
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Big bank's network and security
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Cash advances are possible at over one million ATMs worldwide
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Great rates for interest and cashback
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Apple Pay availability
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The convenience of the online and mobile banking
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Balance and identity protection
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Paperless statements
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Welcome bonus
Cons
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Only credit cards are available
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Not the best cashback rate after the promo period
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A little of premium options
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Bad customers reviews
Products
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True Line cards have very favorable low-interest cashback rates, available with no annual fee.
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Smart Cash cards give great cashback rates, with an impressive welcome bonus on account opening.
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Rewards cards provide you with flexible rewards for eligible purchases, which could be earned and redeemed according to your priorities and goals.
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MBNA Canada Mobile app is a convenient way to get ongoing access to your credit card account. It has balance transfers, card activation, and e-statement enrolment.
Services
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MBNA Credit cards for any need and purpose: low interest, no annual fee, rewards, cashback, travel, retail with benefits, bonuses, and welcome offers.
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MBNA Rewards program lets you earn points or miles on your eligible purchases, which never expire, and redeem them according to your needs.
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MBNA Payment Plans is designed for making payments with your MBNA credit card within 6,12 or 18 months.
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MBNA Credit Card Payment Protection Plan helps protect your credit card account's balance during some job loss, disability, or death.
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Credit Alert Plus is made for daily, monthly and quarterly monitoring, managing through 24/7 online access and protecting your valuable credit and identity information.
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Apple Pay is available to make your payments easy and quick. You may shop securely, using Touch ID or Face ID instead of a PIN.
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Online and mobile banking lets you manage your funds securely, easily, and quickly. Make transfers request credit limit, get e-statements, and activate a card from your computer or smartphone.
