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Published March 26, 2024
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MBNA Amazon.ca Rewards Mastercard Review 2024: Is It Worth It?

The MBNA Amazon.ca Rewards Mastercard earns up to 2.5% on eligible purchases, and credits your Amazon.ca account with the cash.

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Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

4.5

NerdWallet Rating

Good for Prime members who shop regularly on Amazon.ca

If you’re an Amazon Prime member and spend big at Amazon.ca and Whole Foods Market, the MBNA Amazon.ca Rewards Mastercard may be worth it.

Learn more about how we evaluate cards.

    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.

    Amazon.ca Rewards Mastercard®

    Amazon.ca Rewards Mastercard®
    • Annual Fee
      $0
    • Interest Rates
      19.99% / 22.99%
    • Rewards Rate
      1%-5%
    • Intro Offer
      Up to $215
    Card details
    • Get up to a $65 Amazon.ca Gift Card instantly upon approval.
    • Plus earn 5% back on your first $3,000 in eligible purchases at Amazon.ca, Whole Foods Market stores, grocery stores, and restaurants.
    • Earn rewards on eligible purchases at Amazon.ca — including Whole Foods Market stores in Canada.
    • After the welcome offer ends, eligible Prime members get 2.5% back on eligible purchases at Amazon.ca and Whole Foods Market stores.
    • Eligible Prime members always get 2.5% back on eligible foreign currency transactions to help cover foreign transaction fees.
    • After the welcome offer ends, non-Prime members get 1.5% back on eligible purchases at Amazon.ca and Whole Foods Market stores. Always get 1% back on eligible foreign currency transactions to help cover foreign transaction fees.
    • Receive 1% back on eligible purchases everywhere else Mastercard is accepted.
    • Rewards can be redeemed at Amazon.ca and applied directly to eligible Amazon.ca items.
    • No annual credit card fee.
    • The MBNA Payment Plan can make it more convenient to pay for large purchases and manage a budget. Pay for eligible credit card purchases of $100 or over by making monthly payments. Choose from three Payment Plan terms: 6, 12 or 18 months. Conditions and fees apply.
    • Preferred rates: 19.99% for purchases, 22.99% for cash advances.
    • To be eligible, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.

    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

    Drawbacks of the Amazon.ca Rewards Mastercard

    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.

    Amazon customer ratings

    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:

    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.  

    Amazon.ca Rewards MastercardCIBC Costco Mastercard
    Annual fees$0.$0.
    Eligibility requirements.
    • Must be:
      • A Canadian resident.
      • The age of majority in your province or territory.
      • An Amazon.ca account holder.

    • No minimum income requirements advertised.
    • Must be:
      • A Canadian resident.
      • The age of majority in your province or territory.
      • A Costco member.

    • Must have a minimum annual income of $15,000 to apply.
    Rewards
    • 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.
    • Earn 3% back at Costco gas stations and at restaurants.
    • Earn 2% back at gas stations and Costco.ca.
    • Earn 1% back on everything else.
    Benefits
    • Discounted rates at Avis Rent A Car and Budget Rent A Car when you use your card (10% off in Canada and the United States, 5% off internationally).
    • Purchase protection and extended warranty coverage.
    • No transfer fees when you send money abroad.
    • Up to $1,000 of mobile device insurance.
    • Purchase protection and extended warranty coverage.

    If 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:

    Amazon.ca Rewards Mastercard facts

    Amazon.ca Rewards Mastercard
    Card typeRewards credit card.
    Fees and interest rates
    Annual fee$0.
    Regular/purchase APR19.99%.
    Cash advance APR22.99% (20.99% in Quebec).
    Balance transfer APR22.99% (20.99% in Quebec).
    Balance transfer fee1% of the transaction amount (a minimum fee of $7.50).
    Rewards and benefits
    Intro offerGet 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 warrantyUp to one additional year.
    Purchase protection90 days.

    Rating Methodology

    NerdWallet 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 about Amazon.ca Rewards Mastercard

      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?

      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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