Renowned for its specialization in affinity credit cards, MBNA collaborates with various organizations, universities, and sports teams to offer customized credit cards tailored to the interests of specific groups.

CREDIT CARD
MBNA REWARDS PLATINUM
Get access to the benefits:
REARD POINTS
NO ANNUAL FEE
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come one of the world’s largest issuers of credit cards. With a focus on affinity cards and a reputation for global expansion, MBNA established a significant presence in the United Kingdom and Canada.

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Pros and Cons of the Credit Card

Pros:

  • No annual fee;
  • Earn rewards on everyday purchases;
  • Flexible redemption options.

Cons:

  • Higher interest rates;
  • Limited travel insurance benefits;
  • Foreign transaction fees.

Credit Card Fees and Charges

The MBNA Rewards Platinum Plus Mastercard is appealing due to its no annual fee, making it a cost-effective option for earning rewards. However, it’s important to be aware of other fees and charges associated with the card.

The standard interest rate for purchases is 19.99% APR, while cash advances and balance transfers come with a higher rate of 24.99% APR.

Foreign transaction fees are 2.5% of the transaction amount, which can add up if you frequently make purchases in foreign currencies.

Late payment fees can go up to $29, and there may be fees for returned payments as well.

It’s crucial to manage your payments and be aware of these potential charges to avoid unnecessary costs.

About MBNA

MBNA, a division of The Toronto-Dominion Bank, is a leading provider of co-branded and affinity credit card programs in Canada.

With a history of offering innovative financial products and exceptional customer service, MBNA has built a reputation for reliability and trustworthiness.

The company is committed to providing value to its customers through a range of credit card options tailored to meet various financial needs.

Application

Applying for the MBNA Rewards Platinum Plus® Mastercard® is a straightforward process that can be completed online or over the phone.

You’ll need to provide personal information such as your name, address, Social Insurance Number (SIN), and income details.

MBNA will review your credit history and financial information to determine your eligibility.

Once approved, you’ll receive your card in the mail within 7-10 business days. After activating your card, you can start earning rewards on your purchases immediately.

The application process is designed to be quick and user-friendly, ensuring that you can start enjoying the benefits of your new card as soon as possible.

Why Apply for This Credit Card?

There are several compelling reasons to apply for the MBNA Rewards Platinum.

First and foremost, the card offers a robust rewards program that allows you to earn points on everyday purchases without paying an annual fee.

This can lead to significant savings over time, especially if you use the card for regular expenses like groceries and gas.

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