MBNA Amazon.ca Rewards Mastercard Review 2024: Is It Worth It?
May 22, 2024The MBNA Amazon.ca Rewards Mastercard earns up to 2.5% on eligible purchases, and credits your Amazon.ca account with the cash.
The MBNA Amazon.ca Rewards Mastercard is the only Amazon-branded credit card on the market in Canada. You must have an Amazon.ca account to apply for the card, and Prime members get accelerated rewards rates.
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Amazon.ca Rewards Mastercard full review
For no annual fee, Amazon.ca Rewards Mastercard cardholders can earn between 1% and 2.5% back on eligible purchases. However, the highest earn rate of 2.5% is only available to Amazon Prime members, and membership costs between $99 and $120 per year.
Rewards are deposited as cash into members’ Amazon.ca accounts, to be used throughout the store, not as statement credits.
Benefits of the Amazon.ca Rewards Mastercard
No annual fee.
10% off Avis and Budget Rent A Car base rates (5% off international bookings).
Drawbacks of the Amazon.ca Rewards Mastercard
If you do not have Prime Membership, the top earn rate drops to 1.5% (Prime membership costs $99 per year).
You can only shop at Amazon.ca, Whole Foods Market, or make foreign transactions to receive the top rewards rate.
Rewards cannot be deposited as cash to your bank account or used as a statement credit. Instead, they are deposited as credit to your Amazon.ca account.
No travel insurance available.
Who should get the Amazon.ca Rewards Mastercard?
Amazon Prime members who spend big at Amazon.ca and Whole Foods Market may get a lot out of this card’s 2.5% rewards rate.
Is Amazon.ca Rewards Mastercard worth it?
The Amazon.ca Rewards Mastercard is only worth it if you’re an Amazon Prime member and shop regularly at Amazon.ca and Whole Foods Market. The card’s rewards are essentially converted to Amazon.ca credit, which can only be used on Amazon.ca.
If you’re looking for a flexible cash-back credit card that offers more perks, you’re better off looking elsewhere.
What Reddit has to say
NerdWallet’s credit card experts rigorously review every detail of a card to determine its rating. But our Nerds know it can also be helpful to hear what everyday cardholders think. So, we took to Reddit to find out what users are saying about the Amazon.ca Rewards Mastercard® across multiple threads.
Redditors somewhat disagree with NerdWallet's review
As of this writing, Redditors are luke warm on the Amazon card. While some agree with NerdWallet’s position that the card is useful if you’re a Prime member who already shops frequently with Amazon, many feel its drawbacks outweigh its benefits. Specifically, Redditors don’t like being limited to earning rewards solely with the online retailer. Some users favor other cards, like the Amex Cobalt and CIBC Dividend® Visa Infinite Card, both of which are on NerdWallet’s list of the best rewards cards.
MBNA customer ratings
Above average customer satisfaction: The MBNA Amazon.ca Rewards Mastercard ranks third in overall customer satisfaction among 20 no-annual-fee credit cards in J.D. Power's 2024 Canada Credit Card Satisfaction Study.
Low Trustpilot rating: MBNA Canada has 1.3 out of 5 possible stars based on over 100 customer reviews, as of this writing.
Low Better Business Bureau rating: MBNA has 1.104 out of 5 possible stars based on just 25 customer reviews, as of this writing.
Amazon.ca Rewards Mastercard eligibility
Who qualifies for the Amazon.ca Rewards Mastercard?
You must be a Canadian resident and the age of majority in your province or territory, to apply for the Amazon.ca Rewards Mastercard. Applicants must also have, or open, an Amazon account to apply.
Approximate credit score needed for approval
Canadian credit card issuers rarely disclose required credit scores, which makes it hard to know your chances of approval when comparing credit cards. However, higher scores generally mean better chances of approval, and that’s true regardless of the type of credit you’re applying for.Want to learn more? Visit our “What Credit Score is Needed for a Credit Card?” page.
Amazon.ca Rewards Mastercard rewards
Get 5% cash back on eligible Amazon.ca, Whole Foods Market, restaurant and grocery store purchases within the first six months, up to $3,000.
Earn 2.5% back on eligible purchases on Amazon.ca and Whole Foods Market (non-Amazon Prime members earn 1.5%).
Earn 2.5% back on eligible foreign transactions (non-Amazon Prime members earn 1%).
Earn 1% back everywhere Mastercard is accepted.
How to apply for the Amazon.ca Rewards Mastercard
Follow the below steps to apply for the Amazon.ca Rewards Mastercard:
Click the 'Apply Now' button on the Amazon.ca Rewards Mastercard landing page on Amazon.ca.
Follow the online prompts and submit all required information, such as contact details and financial data, if requested.
Applications may take up to 15 days to process.
Amazon.ca Rewards Mastercard vs CIBC Costco Mastercard
If you like the idea of store-branded credit cards but don’t spend with Amazon or Whole Foods often enough to maximize rewards, you might consider the CIBC Costco Mastercard. Both the Amazon.ca Rewards Mastercard and CIBC Costco Mastercard skip the annual fee, but that’s where the similarities end. Consider your shopping habits, your annual income and your insurance needs when deciding which card is best for you.
Rewards breakdown
Rewards breakdown
NerdWallet's take
NerdWallet's take
Card details
Card details
Rewards breakdown
Rewards breakdownNerdWallet's take
NerdWallet's takeCard details
Card detailsIf you’re still curious about how these products stack up, NerdWallet’s quick Amazon card versus Costco card comparison answers your most frequently asked questions.
Reasons you might want a different card
It may be worth looking at other options if you:
Want traditional cash-back rewards that can be used as statement credits or direct cash deposits.
Want a more flexible rewards program that earns points or cash back at various stores.
Want travel insurance included with your card.
Amazon.ca Rewards Mastercard facts
Amazon.ca Rewards Mastercard | |
|---|---|
Card type | |
Fees and interest rates | |
Annual fee | $0.00 |
Regular/purchase APR | 19.99%. |
Cash advance APR | 22.99% (20.99% in Quebec). |
Balance transfer APR | 22.99% (20.99% in Quebec). |
Balance transfer fee | 1% of the transaction amount (a minimum fee of $7.50). |
Rewards and benefits | |
Intro offer | Get 5% cash back on eligible Amazon.ca, Whole Foods Market, restaurant and grocery store purchases within the first six months, up to $3,000. |
Reward earn rates | Earn 2.5% back on eligible Amazon.ca and Whole Foods Market purchases (non-Amazon Prime members earn 1.5%). Earn 2.5% back on eligible foreign transactions (non-Amazon Prime members earn 1%). Earn 1% back everywhere Mastercard is accepted. |
Other perks | Trip and legal assistance, such as support for lost documents, tickets or luggage. 10% off base rates at Avis and Budget Rent A Car (5% off international bookings). |
Insurance coverage | |
Extended warranty | Up to one additional year. |
Purchase protection | 90 days. |
Methodology
BACK TO TOPNerdWallet Canada rates credit cards according to overall consumer value and their suitability for specific kinds of consumers. Factors in our evaluation methodology include annual and other fees, rewards rates, the earning structure (for example, flat-rate rewards versus bonus categories), redemption options, bonus offers for new cardholders, introductory and ongoing APRs, and other noteworthy features such as airline or hotel perks or the ability to transfer points.
Frequently asked questions
Does the Amazon.ca Rewards Mastercard cost money?
Does the Amazon.ca Rewards Mastercard cost money?
There is no annual fee for the Amazon.ca Rewards Mastercard, but cardholders must have an Amazon account to apply.
Who is eligible for the Amazon.ca Rewards Mastercard?
Who is eligible for the Amazon.ca Rewards Mastercard?
Residents of Canada who are at least the age of majority in their province or territory, and who have an Amazon.ca account, can apply for the Amazon.ca Rewards Mastercard.
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Shannon Terrell
Shannon Terrell