A versatile credit card that offers a range of benefits to cardholders. With no annual fees and a welcome bonus of 10,000 MBNA points, it provides excellent value for users. Cardholders can earn 2 points for every $1 spent, which can be redeemed for cash back or travel rewards.
The card also comes with MasterCard Zero Fraud Liability, providing protection from unauthorized transactions. Additionally, it offers telephone insurance and extended warranties, adding further value to your purchases. Whether you’re looking for rewards or added security, this card has something to offer.
Who is the credit card for MBNA Rewards Platinum Plus Mastercard?
Designed for individuals who want to earn rewards on their everyday spending while enjoying the benefits of a no-annual-fee credit card. It is a suitable choice for those who have good credit and are looking for a credit card that provides rewards and additional perks, such as welcome bonuses, points for purchases, and features like MasterCard Zero Fraud Liability, telephone insurance, and extended warranties. This card is ideal for responsible credit users who want to make the most of their purchases and enjoy the added security and benefits that come with it.
Credit card benefits MBNA Rewards Platinum Plus Mastercard
- No Annual Fees: This card does not have an annual fee, making it cost-effective for cardholders;
- Welcome Bonus: You can enjoy a welcome bonus of 10,000 MBNA points, which can be redeemed for cash back or travel expenses. This bonus adds value to your initial card use;
- Reward Points: With this card, you earn 2 MBNA points for every $1 spent on eligible purchases. This is a generous rewards rate that allows you to accumulate points quickly;
- MasterCard Zero Fraud Liability: Cardholders benefit from MasterCard’s Zero Fraud Liability, which means you won’t be held responsible for unauthorized or fraudulent transactions made with your card, whether in-store or online;
- Telephone Insurance: The card includes telephone insurance, providing coverage for your cell phone against theft or damage when you pay your phone bill with the MBNA Rewards Platinum Plus Mastercard. This feature offers financial protection for your mobile device;
- Extended Warranties: You’ll receive extended warranty coverage on eligible items you purchase with your card. This feature can be valuable for items that come with a manufacturer’s warranty.
These benefits make the MBNA Rewards Platinum Plus Mastercard an attractive choice for those seeking rewards on their everyday spending, while also providing added security and protection for their purchases.
Credit card limit
The credit limit for the MBNA Rewards Platinum Plus Mastercard can vary from one cardholder to another and is determined by several factors, including your creditworthiness, income, and the card issuer’s policies. Credit limits typically range from a few hundred to several thousand dollars.
To find out your specific credit limit for this card, you should contact MBNA or check your credit card agreement or statement. Keep in mind that responsible credit card use can help you manage and potentially increase your credit limit over time.
MBNA Rewards Platinum Plus Mastercard: Fees and tariffs
- Annual Fee: This credit card typically has no annual fee, which can save you money on an annual basis;
- Balance Transfer Fee: If you decide to transfer a balance from another credit card to your MBNA Rewards Platinum Plus Mastercard, there is a balance transfer fee. The specific fee may vary, so it’s essential to check your cardholder agreement or contact the card issuer for the most up-to-date information;
- Cash Advance Fee: If you use your credit card for a cash advance, there will be a fee associated with it. The cash advance fee can vary, so consult your card agreement for precise details;
- Foreign Transaction Fee: When you make purchases in a foreign currency or from foreign merchants, you may be subject to a foreign transaction fee. The typical foreign transaction fee is around 2.5% of the purchase amount;
- Overlimit Fee: Exceeding your credit limit can result in an overlimit fee. The specific fee amount may vary, so refer to your cardholder agreement for precise details.
How to request?
- Check Eligibility: Before you start the application process, make sure you meet the eligibility criteria for the MBNA Rewards Platinum Plus Mastercard. Typically, this card is available to Canadian residents who have reached the age of majority in their province or territory.
- Visit MBNA’s Official Website: Access the official MBNA website to find the application form. MBNA primarily operates online, so you’ll be able to complete the application process over the internet.
- Start the Application: Begin the application process by providing your personal information. This typically includes details like your name, address, contact information, and other relevant data. Be prepared to verify your identity.
- Income and Employment Information: You’ll need to provide information about your income and employment. This helps MBNA assess your financial situation and determine your credit limit.
- Select the MBNA Rewards Platinum Plus Mastercard: During the application, you can choose the MBNA Rewards Platinum Plus Mastercard as your desired card. Review the card’s features and benefits to ensure it aligns with your preferences.
- Consent and Authorization: Carefully read and accept MBNA’s terms and conditions, including the authorization for credit checks. By submitting your application, you’re permitting the bank to access your credit report.
- Submit Your Application: After you’ve filled in all the necessary fields and reviewed your application for accuracy, submit it. The bank will then review your application and conduct a credit check.
- Await Approval: MBNA will review your application and perform a credit check. If approved, you will receive your new MBNA Rewards Platinum Plus Mastercard by mail.
Opinion about the card
The MBNA Rewards Platinum Plus Mastercard offers several attractive features that can benefit cardholders. With no annual fee and a generous welcome bonus of 10,000 MBNA points, it’s a cost-effective choice for those looking to earn rewards on their everyday spending. The ability to earn 2 points for every $1 spent further enhances its value.
The inclusion of MasterCard Zero Fraud Liability adds security to your transactions, and the telephone insurance and extended warranties provide additional protection. The card’s low minimum income requirement makes it accessible to a broad range of applicants.
Overall, the MBNA Rewards Platinum Plus Mastercard can be a valuable addition to your wallet, particularly if you want to maximize rewards without the burden of an annual fee. However, to make the most of this card, you should be diligent about paying off your balance in full each month to avoid interest charges. It’s a rewarding choice for Canadian residents seeking a no-fee credit card with versatile benefits.
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