Amazon.ca Rewards Mastercard

The headline rate depends on something MBNA does not control, your Amazon Prime membership. AT THE PARTNER: 2.5% back on Amazon.ca and Whole Foods Market Canada purchases IF you are an active Amazon Prime member; only 1.5% if you are not. EVERYWHERE ELSE: 1% back, wherever Mastercard is accepted. FOREIGN CURRENCY: 2.5% back on foreign-currency transactions for Prime members, 1% for non-Prime. This is designed to offset, not eliminate, the foreign currency conversion fee, which MBNA does not state on the product page (recorded as NOT PUBLISHED). The rates above are recorded at the conservative non-Prime/base reading of 1%. There is a large introductory rate that is not the ongoing rate: 5% back at Amazon.ca, Whole Foods Market Canada, grocery stores and restaurants for the first 6 months on the first $3,000 in eligible purchases only. No ongoing annual earn cap is published.

MBNA's exact wording: 'Get 5% back at Amazon.ca, Whole Foods Market stores in Canada, grocery stores and restaurants! Valid for the first 6 months, on your first $3,000 in eligible purchases.' Maximum value of the offer is therefore $150 in Amazon.ca gift card credit. MBNA describes it as a 'one-time bonus points offer (no cash value)'. No end date is published for the offer itself.

Purchase Assurance with a $60,000 lifetime limit and Extended Warranty adding up to one additional year. No travel insurance and no rental car CDW. The card offers only discounted Avis/Budget rates (10% off in Canada and the US, 5% internationally) plus emergency card replacement, trip assistance and legal referral services. Balance transfers requested at the time of application carry a 1.00% transaction fee with a $3.50 minimum. Missed-payment penalty rates: 26.99% on purchases, 27.99% on cash advances and balance transfers. MBNA does not publish a minimum income, supplementary card fee, foreign currency conversion fee, cash advance fee or over-limit fee on the product page, all recorded as NOT PUBLISHED. Note this replaces the discontinued Chase-issued Amazon.ca Rewards Visa, which shut down in March 2018; the two are unrelated products. The advertised 2.5% requires an active Amazon Prime membership. Let Prime lapse and the rate silently drops to 1.5%. Rewards can ONLY become Amazon.ca gift cards loaded to your Amazon account. No statement credit, no cash, no transfer. The 5% headline is an introductory rate lasting 6 months and capped at $3,000 of spend (max $150 value); the ongoing rate outside Amazon is 1%. MBNA does not publish the foreign currency conversion fee on the product page, which makes the '2.5% back on foreign currency transactions' claim impossible to evaluate for net cost. Do not assume it nets to zero. No cardholder agreement is available before applying; MBNA sends it after account opening. MBNA publishes no minimum income or credit criteria for this card.