MBNA Rewards Platinum Plus Mastercard review
- Welcome Offer
- Up to 10,000 points
- Rewards
- Up to 4 points per $1 spent
- Annual Fee
- $0
- Purchase Interest Rate
- 19.99%
- Cash Advance Rate
- 24.99%
Summary
Get a generous welcome bonus and earn a decent return on points when you make everyday purchases.
If you want to get a decent return on rewards but don't want to pay an annual fee, then the MBNA Rewards Platinum Plus Mastercard could be just the ticket.
The MBNA Rewards Platinum Plus Mastercard is a fee-free card that offers a decent return on MBNA Rewards Points. Earn 4 points for every $1 spent on eligible gas, grocery, and restaurant purchases during the first 90 days, plus get 5,000 bonus points ($25 in cash back value) after you make $500 or more in eligible purchases within the first 90 days of your account opening and 5,000 bonus points ($25 in cash back value) once enrolled for paperless e-statements within the first 90 days of account opening. and one point for everything else. This card also offers basic insurance and a welcome bonus.
30-second take
- Think about this card if you want flexible rewards and no annual fee.
- Choose something else if you want low interest or comprehensive benefits.
- This card doesn’t come with a minimum annual income requirement.
The basics
If you want to get a decent return on rewards but don’t want to pay an annual fee, then the MBNA Rewards Platinum Plus Mastercard could be just the ticket.
- No annual fee. There’s no annual fee to maintain this card.
- High earn rate. Earn 2 points for every $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases (up to $10,000 spend annually in the applicable category), and earn 1 point for every $1 spent on other eligible purchases.
- Welcome offer. Earn 4 points for every $1 spent on eligible gas, grocery, and restaurant purchases during the first 90 days, plus get 5,000 bonus points ($25 in cash back value) after you make $500 or more in eligible purchases within the first 90 days of your account opening and 5,000 bonus points ($25 in cash back value) once enrolled for paperless e-statements within the first 90 days of account opening.
- Purchase assurance. Protect the items you buy against loss and damage for up to 90 days
with purchase assurance. - Extended warranty coverage. Get double the manufacturer’s warranty (for up to one year) on consumer goods you purchase with your card.
- Flexible rewards. Redeem your points for all kinds of rewards like travel, cashback, merchandise, gift cards, charitable donations and more.
The perks
- Decent return on travel rewards. You’ll only have to spend $5,000 on daily purchases to get $100 worth of travel rewards.
- Enhanced security. Purchases are protected by security features like PIN-protected microchips and online fraud prevention mechanisms.
- Zero Liability insurance. You can avoid paying for fraudulent purchases on your account with Zero Liability insurance.
- Reliable customer support. MBNA offers 24/7 customer service to help you troubleshoot issues with your account.
- Trip assistance. There’s an on-call customer support team to give you assistance when you travel.
- Easy to qualify. You won’t have to meet any minimum income requirements to qualify for this card.
What to watch out for
- High interest. You’ll pay 19.99% interest on purchases and 24.99% on cash advances.
- Earning caps. There’s a $5,000 annual spending cap on categories that let you earn more points (like gas, groceries and restaurant purchases).
- Few benefits. This card doesn’t offer comprehensive benefits like travel insurance, mobile device protection or roadside assistance.
- Different points values. Points are worth different dollar amounts depending on the category of the reward (with travel giving the best value).
MBNA Rewards Platinum Plus Mastercard interest rates
| Interest Type | Interest Rate |
|---|---|
| Purchase interest rate | 19.99% |
| Cash advance rate | 24.99% |
| Standard balance transfer rate | 22.99% |
What should I know before I apply
How to apply
- Head to the MBNA website to begin your application.
- Complete the application, which includes providing your name, email address, social insurance number and birth date.
- Review and submit your application.
Bottom line
The MBNA Rewards Platinum Plus Mastercard lets you earn flexible rewards for every dollar you spend on daily purchases. This card comes with a welcome offer and basic insurance like purchase protection and extended warranty coverage. The downside is that you won’t get comprehensive benefits or a low interest rate on purchases.
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