The MBNA Rewards Platinum Plus Mastercard credit card is an accessible option for individuals looking to earn rewards without committing to the high fees typically associated with premium cards. 

CREDIT CARD
MBNA REWARDS PLATINUM
Get access to the benefits:
REARD POINTS
NO ANNUAL FEE
KNOW MORE
You will remain on the current site.

It strikes a balance between offering valuable rewards and maintaining low costs, making it a practical choice for a wide range of potential clients.

In this guide, you’ll find out the key benefits, possible downsides, and overall features of this card, so we can help you decide if it’s the right fit for your financial needs. Keep reading to know more!

About the MBNA Rewards Platinum Plus Mastercard credit card

The MBNA Rewards Platinum Plus Mastercard is built for consumers who want to get points on their regular spending, whether it’s for groceries, household utility purchases, or dining out.

This product stands out by allowing cardholders to accumulate MBNA points with every purchase, which can be later redeemed for a variety of rewards, including travel, merchandise, and gift cards.

It offers a straightforward way to benefit from daily transactions, and with no income requirements, it’s accessible to a broad audience.

Additionally, the MBNA Rewards program provides flexibility in how points can be redeemed, giving users the freedom to choose what best fits their lifestyle.

Benefits of the MBNA Rewards Platinum Plus Mastercard credit card

While the MBNA Rewards Platinum Plus Mastercard may not come with the luxury perks of higher-tier options, it still offers several valuable benefits that appeal to everyday cardholders.

Below are some of the card’s key advantages:

  • It doesn’t come with an annual fee;
  • Users earn MBNA Rewards points on all eligible purchases, with accelerated earning on specific categories such as groceries and dining. These points never expire as long as the client’s account is open and in good standing;
  • Consumers can enjoy peace of mind with up to $1,000 in coverage for their mobile services. Whether it’s loss, theft, accidental damage, or mechanical breakdown, their eligible devices are protected;
  • This product grants purchase assurance to its clients, which means that they can get added protection on eligible items purchased with the MBNA Rewards Platinum Plus Mastercard.

Disadvantages of the MBNA Rewards Platinum Plus Mastercard credit card

The MBNA Rewards Platinum Plus Mastercard also comes with a few drawbacks that the consumers must consider before applying:

  • For those looking for luxury travel perks, such as airport lounge access, this card falls short. It’s geared more toward earning rewards on everyday spending than providing high-end extras;
  • The interest rates might be on the higher side for certain users, particularly those who tend to carry a balance;
  • This card charges a foreign transaction fee on international purchases, which can be a disadvantage for frequent travelers;
  • It lacks comprehensive travel insurance coverage, which means cardholders may not have access to essential protections like medical coverage, trip cancelation, or lost luggage insurance.

About the issuing bank

MBNA is a well-known credit card provider in Canada, offering a range of credit cards for consumers with different needs.

This institution is a subsidiary of TD Bank Group and has built a reputation for providing competitive credit card products with various reward programs and benefits tailored to Canadian customers.

Fees of the MBNA Rewards Platinum Plus Mastercard credit card

When it comes to fees, the MBNA Rewards Platinum Plus Mastercard keeps costs relatively low.

Below are some of the fees linked to this credit card:

  • Annual fee: non-applicable;
  • Annual interest rate for purchases: 19.99%;
  • Annual interest rate for balance transfers: 22.99%;
  • Annual interest rate for cash advances: 24.99%;
  • Foreign currency conversion fee: 2.5%;
  • Over limit fee: $29.00.

Last update of rates according to the official website: 10/15/24

Why apply for this card?

The MBNA Rewards Platinum Plus Mastercard credit card is an interesting choice for consumers looking to earn rewards without paying a high annual fee.

Its focus on everyday spending categories makes it appealing to individuals who want to maximize their points on things they buy regularly.

However, this card may not be the best alternative for frequent travelers or consumers who wish for premium perks.

Discover more details about the MBNA Rewards Platinum credit card: 

READ FULL REVIEW

You will remain on this site