MBNA Rewards Platinum Plus: fees, rates and how to apply
A complete review of a card packed with benefits
The MBNA Rewards Platinum Plus Mastercard is a no-annual-fee credit card designed for Canadians who want to earn more points on everyday household purchases.
It suits people who prefer a simple, flexible rewards program without paying a yearly fee.
One of its main features is the higher earn rate in common spending categories, such as groceries, restaurants, digital media, memberships and household utilities.
Even without an annual fee, the card includes mobile device insurance, purchase protection, extended warranty coverage and discounts on car rentals.
Below, you’ll find information to help you understand how this card works, its requirements and whether it fits your financial habits before applying.
Who is the MBNA Rewards Platinum Plus Card for?
This card suits people who want to earn rewards without paying an annual fee and who use their credit card mainly for everyday household expenses.
- No annual fee preference: it works well for people who want to avoid a yearly fee ($0) while still earning points.
- Everyday spending focus: it rewards people who spend regularly on groceries, restaurants, household utility bills, memberships and digital media, such as streaming subscriptions.
- Interest awareness: it’s more appropriate for people who pay their statement balance in full every month, since a 21.99% interest rate applies to purchases when a balance is carried.
- Practical benefits: the included mobile device insurance and purchase protection can be useful for cardholders who want extra coverage at no additional cost.
To apply, you must be a Canadian resident and have reached the age of majority in your province or territory.
Discover the main benefits of this card
The MBNA Rewards Platinum Plus card has a rewards program that is easy to understand.
Cardholders earn 2 points per $1 on eligible restaurant, grocery, digital media, membership and household utility purchases, up to $10,000 in annual purchases in each category. All other eligible purchases, and purchases above these limits, earn 1 point per $1.
The card also includes a Birthday Bonus, which adds bonus points each year equal to 10% of the points you earned in the 12 months before your birthday month, up to 10,000 points.
Points don’t expire as long as your account is open and in good standing. You can redeem them for travel, cash back (as a statement credit, cheque or bank deposit), brand-name merchandise, gift cards or charitable donations. For travel, 100 points are worth $1. For cash back and donations, 200 points are worth $1.
The card also includes:
- Mobile Device Insurance: up to $1,000 in coverage for loss, theft, accidental damage or mechanical breakdown, if you pay your monthly mobile bills with the card or at least 75% of the device’s price;
- Purchase Assurance: coverage on eligible items stolen or damaged within 90 days of purchase;
- Extended Warranty Benefits: doubles the manufacturer’s warranty for up to one additional year;
- Car rental discounts: at least 10% off base rates at participating Avis and Budget locations in Canada and the U.S., and at least 5% internationally.
Insurance coverage is subject to the terms, limits and exclusions in the Certificate of Insurance provided with the card.
What is the credit limit on the MBNA Rewards Platinum Plus?
The credit limit on the MBNA Rewards Platinum Plus card isn’t fixed and is set individually for each applicant.
When you apply, MBNA reviews your financial profile to determine your credit limit. This review generally considers:
- Credit history: your past payment behaviour and use of credit;
- Income information: your annual income;
- Existing financial obligations: your other loans or credit cards.
MBNA doesn’t publish a minimum or maximum limit. The final amount depends on its credit assessment.
Understanding the main fees and rates of the MBNA Rewards Platinum Plus
Although this card doesn’t charge an annual fee, interest applies if you don’t pay your statement balance in full by the due date.
Below is a summary of the main fees and rates:
- Annual fee: $0;
- Interest on purchases: 21.99% annually;
- Interest on cash advances: 22.99% annually;
- Interest on balance transfers: 22.99% annually;
- Foreign transaction fee: 2.5% on purchases in foreign currencies.
Rates, fees and conditions checked on September 22, 2026, against the official MBNA website. MBNA notes that rates and fees may vary by province. Confirm current terms on the MBNA website before applying.
Paying your balance in full by the due date every month is the best way to avoid interest charges on purchases.
How to apply for the card?
You can apply for the MBNA Rewards Platinum Plus card online through the official MBNA website.
- Step 1: Visit the official MBNA website and select the MBNA Rewards Platinum Plus card.
- Step 2: Provide your personal details, residential address and financial information, such as your employment status and income.
- Step 3: Review the terms, consent to a credit check and submit your application.
Approval is subject to MBNA’s credit review. MBNA will notify you of its decision after reviewing your application.
Is the MBNA Rewards Platinum Plus worth it?
The MBNA Rewards Platinum Plus Mastercard can be worth it for Canadians who want a no-annual-fee card that earns more points on common everyday purchases.
Its 2 points per $1 on groceries, restaurants, digital media, memberships and household utilities, combined with mobile device insurance and the Birthday Bonus, can add value when you use the card regularly and pay your balance on time.
To get the most value, keep in mind that points are worth twice as much for travel as for cash back, and that a 2.5% fee applies to foreign currency purchases. Reviewing the 21.99% interest rate and your spending habits can help you decide whether this card fits your financial situation.
Click the button below to be redirected to the official MBNA website to review the terms and apply for the MBNA Rewards Platinum Plus Mastercard.
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Disclaimer: This site is independent and strictly informational, and its content does not constitute financial advice. Finvyu is not affiliated with MBNA or TD Bank. We do not guarantee credit card approval, which is solely subject to a credit check, income verification and risk analysis by the issuing bank (MBNA / TD Bank Group). Finvyu Editorial Team.
