Tuesday, November 19, 2019

The MBNA Amazon.ca Rewards Mastercard is available again

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. 

Learn more about the Amazon.ca Rewards Mastercard here! 

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