Wealthsimple Credit Card
4.4·No-fee, no-FX everyday cash back — especially for Wealthsimple clients
- Annual fee
- No annual fee
- Top reward
- 1% everything
- Rare no-fee card with no FX fees
- Flat 1% on everything, auto-invested
rewardsno fee
MBNA Rewards Platinum Plus Mastercard
3.7
Welcome bonus
Up to 10,000 MBNA Rewards points
- 2x groceries — $10,000 annual cap per category; 4x during the first 90 days
- 2x restaurants
- 2x digital media
- Annual fee
- No annual fee
- Interest rates
Purchases
21.99%
Cash advances
22.99%
Balance transfers
22.99%
- Foreign transactions
- 2.5%
Rated by the CreditCardGuru Editorial Team
A top-tier no-fee rewards card with above-average earn rates and a unique birthday bonus. Insurance is thin, but for $0 a year it punches well above its weight.
At a glance
- Annual fee
- No annual fee
- Welcome bonus
- $100
- Foreign tx fee
- 2.5%
- Network
- MASTERCARD
- Rewards
- points
- Purchase APR
- 21.99%
Rewards & earn rates
| Groceries$10,000 annual cap per category; 4x during the first 90 days | 2x |
| Restaurants | 2x |
| Digital media | 2x |
| Memberships & household utilities | 2x |
| Everything else | 1x |
Welcome offer: Up to 10,000 MBNA Rewards points (5,000 points after $500 in purchases within 90 days plus 5,000 points for enrolling in paperless statements within 90 days).
Pros & cons
Pros
- One of the best no-fee welcome bonuses in Canada
- Solid 2x earning on groceries, dining and household bills
- Birthday bonus adds up to 10,000 free points yearly
Cons
- No travel insurance
- Points are most valuable only when redeemed for travel
- $10,000 per-category caps limit heavy spenders
Perks & insurance
Key perks
- No annual fee, including up to nine additional cards
- Annual birthday bonus: 10% of points earned over the prior 12 months (up to 10,000 points)
- Mobile device insurance up to $1,000 - rare on a no-fee card
- Avis and Budget car rental discounts
Insurance
- Mobile device insurance up to $1,000
- Purchase protection (90 days)
- Extended warranty (up to 1 additional year)
Rates & fees
- Annual fee
- None
- Purchase interest
- 21.99%
- Cash advance
- 22.99%
- Foreign transactions
- 2.5%
Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team
Terms & conditions
Rates and offers change. Every rate, fee, welcome offer and benefit on this page was accurate when last reviewed, but MBNA can change or withdraw any of them at any time — sometimes without notice. Confirm the current terms on MBNA's own website before you apply.
Eligibility is theirs to decide. Approval, credit limits, interest rates and welcome offers depend on your credit history and MBNA's own criteria. Bonuses often exclude anyone who has held the card before, and usually require a minimum spend within a set period.
This is not advice. The reviews and ratings here are our editorial opinion, not financial, tax or legal advice, and not a recommendation for your circumstances. Speak to a qualified professional before making a financial decision.
How we make money. CreditCardGuru may earn a commission when you apply through links on this page. It never affects our ratings or what we write — see our advertiser disclosure and rating methodology.
CreditCardGuru is not affiliated with MBNA. Trademarks belong to their respective owners.
Similar cards to consider
Tangerine Money-Back Credit Card
4.4·No-fee cash back with customizable bonus categories
- Annual fee
- No annual fee
- Welcome bonus
- $100
- Top reward
- 2% groceries (a 2% category)
- Pick the 2% categories that match your spending
- Truly no-fee with monthly payouts
Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.
Written by
CreditCardGuru Editorial Team
Rewards & Cards Research
Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.
- 200+ Canadian cards tracked
- Transparent rating methodology
- Updated continuously
Cite this page
“MBNA Rewards Platinum Plus Mastercard Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/mbna-rewards-platinum-plus-mastercard, updated June 7, 2026.