The Amazon.ca Rewards Mastercard is your gateway to exciting cashback opportunities on everyday spending. Whether you’re shopping at Amazon.ca, dining at your favorite restaurant, or buying groceries, this card offers significant value with no annual fee and robust reward structures tailored to Canadian residents.

What makes this card even more enticing is its generous welcome offer—5% cashback on your first $3,000 in eligible purchases during the first six months. From flexible redemption options to impressive savings, the Amazon.ca Rewards Mastercard has something for everyone. Let’s take a closer look at how it works, its standout features, and how you can benefit from it.

Key information about the Amazon.ca Rewards Mastercard

The Amazon.ca Rewards Mastercard is designed to make your purchases more rewarding. It offers benefits that cater to a wide range of spending habits, whether you shop online, in-store, or while traveling abroad. Here’s a detailed look at its main features:

How does the annual fee work?

One of the standout features of the Amazon.ca Rewards Mastercard is its $0 annual fee. A card with no annual fee is a fantastic choice for individuals who want to save money while enjoying a host of rewards. Many credit cards come with costly yearly fees that can offset the benefits they provide. However, with this card, you can maximize rewards without worrying about extra charges just for owning it.

By eliminating the annual fee, the Amazon.ca Rewards Mastercard appeals to both frequent shoppers and those who only use their credit cards occasionally. This makes it a versatile option for various lifestyles and financial goals.

How is the credit limit determined?

The credit limit on the Amazon.ca Rewards Mastercard is determined based on your personal financial situation. Factors such as your credit score, income, and existing financial obligations play a crucial role in this process. MBNA conducts a detailed evaluation to ensure that the assigned credit limit aligns with your ability to manage credit responsibly.

For applicants with strong credit histories, the card may offer a higher limit, giving you greater spending flexibility. For those building or repairing their credit, the initial limit may be more conservative but can increase over time with responsible use. This personalized approach ensures the card remains accessible to a wide range of users.

Advantages of the Amazon.ca Rewards Mastercard

The Amazon.ca Rewards Mastercard comes with a wealth of advantages that enhance your shopping and spending experience. Here are the key benefits in detail:

• No annual fee: Enjoy all the perks of this card without any additional costs, making it a budget-friendly option for anyone.
• Welcome offer: Earn an impressive 5% cashback on eligible purchases, including Amazon.ca, Whole Foods Market, restaurants, and grocery stores, within your first six months. This offer applies to your initial $3,000 in purchases, helping you save big right away.
• Reward rates for Prime members: After the welcome period, Prime members earn 2.5% cashback on purchases at Amazon.ca, Whole Foods Market, and foreign transactions.
• Reward rates for non-Prime members: Non-Prime members earn 1.5% cashback on Amazon.ca and Whole Foods Market purchases and 1% on foreign transactions.
• Universal rewards: Earn 1% cashback on purchases made anywhere Mastercard is accepted, giving you consistent value.
• Flexible rewards redemption: Redeem your rewards directly on Amazon.ca. Whether it’s for gadgets, groceries, or gifts, the process is simple and straightforward.
• MBNA Payment Plan: Manage large purchases with ease using the MBNA Payment Plan, which allows you to split payments into manageable monthly installments (conditions and fees apply).

Standout benefit: the cashback program

The cashback program is one of the most appealing aspects of the Amazon.ca Rewards Mastercard. It provides consistent value for Prime and non-Prime members alike, rewarding everyday spending in a meaningful way.

Prime members benefit the most, with 2.5% cashback on purchases at Amazon.ca, Whole Foods Market, and foreign transactions. This makes it an excellent card for frequent travelers and loyal Amazon shoppers. Non-Prime members still enjoy solid cashback rates, ensuring the card is beneficial for all users. The ability to redeem rewards directly at Amazon.ca adds unparalleled convenience, turning your cashback into instant savings.

Disadvantages of the Amazon.ca Rewards Mastercard

While the Amazon.ca Rewards Mastercard has many strengths, it’s important to consider its limitations. Here are some potential drawbacks:

• High-interest rates: Purchases carry an interest rate of 19.99%, while cash advances and balance transfers are subject to 22.99%.
• Limited welcome offer: The 5% cashback welcome bonus is capped at $3,000 in purchases, meaning heavy spenders may max out the benefit quickly.
• Prime membership dependency: To unlock the highest cashback rates, you need an active Amazon Prime membership, which comes with its own annual fee.

Key disadvantage: high-interest rates

The high-interest rates on purchases and cash advances make it essential to use this card responsibly. If you tend to carry a balance, the interest charges could outweigh the benefits of the cashback rewards. Paying your balance in full each month is crucial to avoid these costs and make the most of the card’s perks.

Who can apply for the Amazon.ca Rewards Mastercard?

Applying for the Amazon.ca Rewards Mastercard is straightforward, but you must meet certain eligibility requirements:

• Residency: You must be a Canadian resident.
• Age: Applicants must be of the age of majority in their province or territory.
• Creditworthiness: A stable credit history and financial profile are important for approval.
• Identification: A valid Social Insurance Number (SIN) or other government-issued identification is required.

This card is designed for individuals with a good credit score, and it may not be suitable for those with poor credit or recent financial difficulties.

How to apply for the Amazon.ca Rewards Mastercard

Applying for the Amazon.ca Rewards Mastercard is quick and convenient, with multiple options available to suit your preferences:

Via the website

• Visit the official MBNA website and navigate to the Amazon.ca Rewards Mastercard page.
• Click on the “Apply Now” button to access the secure online application form.
• Fill out the form with your personal, employment, and financial details. Ensure all information is accurate to avoid delays in processing.
• Submit your application. In many cases, you’ll receive a decision within minutes.

Via the mobile app

• Download the MBNA app from your smartphone’s app store.
• Log in or create an account to begin your application.
• Follow the guided prompts, providing the necessary details.
• Submit your application and monitor its status directly within the app.

In person or via mail

For those who prefer traditional methods, MBNA offers the option to apply via mail or in person at a partner financial institution. Simply request an application form, complete it, and submit it according to the provided instructions.