Amazon.ca Rewards Mastercard: rewards at Amazon.ca, no annual fee
The Amazon.ca Rewards Mastercard has gained attention because of its rewards for frequent Amazon.ca shoppers, especially Amazon Prime members.
This card, issued through MBNA, earns rewards that you can redeem on Amazon.ca, has no annual fee and includes some protection benefits, which makes it an option for Amazon’s regular customers.
In this guide, we’ll explore the main details of this credit card, so you can decide if it’s the right fit for your financial needs. Keep reading!
Pros and cons of the Amazon.ca Rewards Mastercard
When considering any credit card, evaluating its strengths and weaknesses is essential.
Here’s a breakdown of the benefits and potential drawbacks of this credit card:
Advantages
This card offers several advantages to its customers, such as:
- There’s no annual fee, so you can use the card without a yearly cost;
- Eligible Prime members earn 2.5% back on eligible purchases at Amazon.ca and Whole Foods Market stores in Canada, plus 2.5% back on eligible foreign currency transactions, which helps offset the foreign transaction fee;
- Without a Prime membership, you earn 1.5% back at Amazon.ca and Whole Foods Market stores and 1% back on eligible foreign currency transactions;
- You earn 1% back on all other eligible purchases, everywhere Mastercard is accepted;
- The card includes Purchase Assurance and Extended Warranty, Trip Assistance and savings with Avis and Budget;
- With the MBNA Payment Plan, you can pay for eligible purchases of $100 or more in monthly installments (conditions and fees apply).
Insurance coverage is subject to the terms, limits and exclusions in the Certificate of Insurance provided with the card.
Disadvantages
The card also has some drawbacks you should be aware of before applying.
Take a look at the disadvantages of the Amazon.ca Rewards Mastercard below:
- Rewards can only be redeemed on Amazon.ca, so they’re less flexible than cash back;
- Purchases outside Amazon.ca and Whole Foods earn only 1%;
- The best reward rates require an Amazon Prime membership, which has its own cost;
- The purchase interest rate is 19.99%, which makes the card expensive if you carry a balance;
- A 2.5% foreign transaction fee applies. Prime members earn 2.5% back on these purchases, but non-Prime members earn only 1%;
- The card doesn’t include travel medical insurance.
For frequent Amazon.ca and Whole Foods shoppers who are Prime members and pay their balance in full each month, the rewards can outweigh the limitations.
Fees and rates
While the rewards might have your attention, understanding the fees of this credit card is equally important.
Check below the main costs associated with this card:
- Annual fee: $0;
- Interest rate on purchases: 19.99%;
- Interest rate on cash advances: 22.99%;
- Interest rate on balance transfers: 22.99%;
- Foreign currency conversion fee: 2.5%;
- Overlimit fee: $29.
Rates and fees checked on September 22, 2026, against Amazon.ca and MBNA information. MBNA notes that rates and fees may vary by province. Confirm current terms on the MBNA website before applying.
About the bank
The Amazon.ca Rewards Mastercard is offered through MBNA, a division of The Toronto-Dominion Bank (TD), one of Canada’s largest banks.
MBNA specializes in credit cards, including low-interest, cash back, rewards and retail cards like the Amazon.ca Rewards Mastercard.
Your rewards are earned as points: 100 points are worth $1 when redeemed on Amazon.ca. Points don’t expire as long as your account is open and in good standing.
Mobile app
You can manage your Amazon.ca Rewards Mastercard through MBNA Online Banking and the MBNA mobile app.
With the app, you can manage your account, monitor transactions and make payments. You can also set up automatic payments and alerts for due dates and other reminders.
The app is available for iOS and Android.
Opinion about the card
The Amazon.ca Rewards Mastercard can be a good choice for Amazon.ca shoppers, especially Prime members, who earn the highest reward rates.
Its lack of an annual fee and the 2.5% back for Prime members at Amazon.ca, at Whole Foods and on foreign currency transactions are its main features.
However, if you’re not a Prime member, shop mostly outside Amazon or carry a balance from month to month, the lower reward rates, the Amazon-only redemption and the 19.99% interest rate may not be ideal.
The card works best for people who can use their rewards on Amazon.ca without paying interest.
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Legal Disclaimer: This website is independent and purely informational, and its content does not constitute financial advice. Finvyu is not affiliated with Amazon or MBNA. We do not guarantee credit approval or card issuance, which are subject solely to the risk analysis of MBNA (a division of The Toronto-Dominion Bank). Finvyu Editorial Team.