Back in June we let you know about the new MBNA Amazon.ca Rewards Mastercard. At that time it was only around for a few days and then disappeared due to some technical issues. It returned with no fan fare about a month ago (thanks to our reader Alan Trembley for alerting us to this!)
I’ve been meaning to bring this to light ever since Alan posted that comment back in October. Apologies to Alan and to our readers for forgetting about it!
Once again, here are the details of the card:
- For the first six months after your Amazon.ca Rewards Mastercard account
is opened, you will receive 5% back on eligible purchases at Amazon.ca,
Whole Foods Market stores in Canada and at grocery stores or
restaurants in Canada, until $3,000 in such purchases have been made. - 2.5%
back on eligible purchases at Amazon.ca, Whole Foods Market in Canada
and on foreign currency purchases, with an eligible Prime membership
- Otherwise 1.5% back at Amazon.ca and Whole Foods Market in Canada
- 1% back on all other purchases
- No annual credit card fee
- No annual points caps and no expiration date for points
- Every
2,000 points earned are automatically redeemed as a $20 Amazon.ca Gift
Card that can be applied on millions of items when shopping
at Amazon.ca - Protection benefits include 90-day purchase assurance coverage, extended warranty and trip interruption coverage
- Mastercard
contactless-enabled for a frictionless checkout – simply tap your card
at participating merchants in millions of locations across
the globe to process payments securely
Right off the bat you see the card has a pretty decent sign up bonus and
and then you’ll see it has a pretty good return – if you are an Amazon
Prime member. The 5% back for the first $3,000 in spending ($150 return)
is good sign up bonus for a no annual fee cash back card. The 5% is
limited to Amazon, Whole Foods, and for Grocery Store and restaurant
purchases in Canada so for most it should be no problem hitting $3,000
in 6 months to earn the full $150.
As you can see however Amazon have narrowed
the focus of who they want using the card. The higher earn for Prime
Members, the Amazon.ca gift card reward and elimination of the foreign
transaction fee really limits this card’s audience to heavy Amazon
users. Not a heavy Amazon user? You have a lot of better options out
there for you.