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moneyGenius Team
Written and Edited By
moneyGenius Team
Last updated: Apr 21, 2021

MBNA is a division of TD bank that specializes in credit cards. What's special about them is they often fill in the more niche products. You want the best low interest credit cards? Check out MBNA. What about a credit card to earn Amazon rewards? MBNA is your only option in Canada.

Besides that, they also offer your standard collection of credit cards, including cash back and their own flex rewards program called MBNA Rewards. All their cards at the moment are Mastercards, meaning you'll get some of the best acceptance possible (including at Costco).

MBNA
2.3
Genius Rating
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Overview
  • A wide range of Mastercards to choose from, including both cash back and travel.
  • Valuable insurance packages on most of their credit cards.
  • Offers 2 of the best low interest credit cards in Canada.
  • All of their credit cards are no to low annual fee (with the highest being only $120).
  • Their portfolio includes many branded cards, like Amazon, Harley Davidson, and Best Western.
Personal Finance
Personal Finance
2.3

Rating methodology

MBNA's overall rating is 2.3 out of a possible 5 stars. This number is an average of all the individual products we've rated so far, which you can find more info on below. Each of these are scored by breaking them down into their main parts, then comparing each feature to similar products on the market.

Learn more about our rating methodology.

MBNA pros

The collection of available MBNA Mastercards is definitely diverse, with many different companies thrown into the mix. Here are some of the pros.

A division of TD bank

If you're a bit apprehensive about getting a credit card from a bank you may not have heard of, you can rest assured knowing that MBNA is a division of TD bank – one of the biggest banks in Canada.

All MBNA credit cards are Mastercards right now

If you want a MBNA credit card, you'll be getting a Mastercard – but that's a good thing. Mastercards have some of the best acceptance rates in the world, and they're even accepted at Costco.

Most of their credit cards are no or low fee

If you hate paying an annual fee on your credit cards, more than half of MBNA cards have no fee – which is impressive. And for the other half, you're looking at decently low fees. In fact, only one of their cards is over $100 a year.

MBNA cons

Here's a look at a couple of places where MBNA credit cards fall short.

Low fees means lack of premium products

Though having a selection of credit cards with low or no fees is great, that also means not many of their cards will have the more premium perks you can expect from other banks. In fact, only 2 of their cards are World Elite Mastercards.

Some of the cards have low rates of return

MBNA credit cards come with a lot of variety, but that unfortunately also means various rates of return. Though their Alaska Airline cards have an average rate of return of 2.3% (which is impressive), the Harley-Davidson card only offers an average of 0.5%.

MBNA credit cards

MBNA offers a variety of Mastercards, ranging from cash back, to flex rewards, and even to Amazon rewards. Most of them are no fee, while the ones that do have fees are still pretty reasonable.

You'll find impressive insurance packages and interesting brands from MBNA (like Best Western and Harley-Davidson). But with so many different reward program offerings, you'll find your average rate of return will vary from card to card. That said, MBNA Rewards can offer you up to 2% return on their travel redemptions.

Compare Credit Cards

MBNA credit cards

MBNA credit card ratings

Here are our current reviews for MBNA credit cards.

FAQ

What's the best MBNA credit card?

The best MBNA credit card is the MBNA Rewards Platinum Plus Mastercard. This is a no annual fee card that earns you up to 2% back in rewards on all your purchases.

What are MBNA Rewards?

MBNA Rewards is a flexible rewards program available on a selection of MBNA credit cards. You can earn MBNA Rewards points on all your purchases and redeem them for a variety of things, like travel, gift cards, merchandise, and statement credits.

Is the MBNA Amazon credit card any good?

The MBNA Amazon credit card is pretty good, giving Prime members up to 2.5% on their purchases at Amazon or Whole Foods Market. That said, this pales in comparison to the American version of the card, so here's hoping for an upgrade to match. Check out our other MBNA credit card reviews here.

Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.

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