MBNA Rewards Platinum Plus Mastercard
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The MBNA Rewards Platinum Plus Mastercard is a no-annual-fee card perfect for earning everyday rewards. Cardholders earn 4 points per $1 on eligible purchases in categories like dining, groceries, and utilities for the first 90 days, then 2 points per $1 in these categories (up to $10,000 annually). All other purchases earn 1 point per $1.
Welcome Offer
Receive up to 10,000 bonus points: 5,000 points after spending $500 in the first 90 days, and 5,000 points for enrolling in paperless e-statements within the same period.
Summary
The MBNA Rewards Platinum Plus Mastercard comes with no annual fee, making it a cost-effective option. It has a purchase rate of 19.99% and a cash advance rate of 24.99%. This card is ideal for those looking to manage their expenses without worrying about an annual fee, while offering competitive rates for purchases and cash advances.
Rewards
The MBNA Rewards Platinum Plus Mastercard offers great initial rewards and ongoing benefits. For the first 90 days, you’ll earn 4 points per $1 on eligible restaurant, grocery, digital media, membership, and utility purchases, up to $10,000 annually. After that, these purchases earn 2 points per $1. For all other purchases, you earn 1 point per $1. This card is perfect for maximizing rewards on everyday spending, especially in the initial months.
Benefits
The MBNA Rewards Platinum Plus Mastercard adds extra value with birthday bonus points each year. Enjoy flexible rewards redemption options, allowing you to choose from cash back, travel, gift cards, and more. This card is designed to celebrate your special day with additional points and offer versatile redemption choices to suit your preferences.
Insurance
- Mobile device insurance up to $1,000
- Extended warranty and purchase assurance
Editor’s Review
MBNA Rewards Platinum Plus® Mastercard® Review
Overview: The MBNA Rewards Platinum Plus® Mastercard® is a versatile no-annual-fee credit card offering rewards on various spending categories. It is ideal for individuals seeking a straightforward rewards program with flexible redemption options.
Key Features:
- Interest Rate: 19.99% on purchases, 24.99% on cash advances
- Annual Fee: $0
- Welcome Bonus: Up to 10,000 bonus points
- Rewards Rate: 2 points per $1 on eligible restaurant, grocery, digital media, membership, and household utility purchases (up to $10,000 annually per category), 1 point per $1 on all other purchases
Rewards Program:
- Earn 2 points per $1 on eligible purchases in select categories (up to $10,000 annually per category)
- Earn 1 point per $1 on all other purchases
- Redeem points for travel, gift cards, merchandise, or cash back
- Points do not expire as long as the account is open and in good standing
Fees:
- Annual Fee: $0
- Foreign Transaction Fee: 2.5%
Benefits:
- Flexible rewards redemption options
- Mobile Device Insurance up to $1,000
- Extended Warranty and Purchase Protection
- Save on car rentals with Avis and Budget discounts
Insurance Coverage:
- Purchase Assurance: Covers eligible items against damage or theft for 90 days
- Extended Warranty: Doubles the manufacturer’s warranty up to one additional year
- Mobile Device Insurance: Up to $1,000 for loss, theft, accidental damage, or mechanical breakdown
Security Features:
- Mastercard Zero Liability for unauthorized transactions
- Chip and PIN technology for secure payments
- Contactless payments with Mastercard Tap & Go®
Pros:
- No annual fee
- Generous rewards on everyday spending categories
- Comprehensive purchase protection and extended warranty
Cons:
- 2.5% foreign transaction fee
- Points redemption value can vary
Who is this card for? The MBNA Rewards Platinum Plus® Mastercard® is ideal for individuals who want to earn rewards on everyday spending without paying an annual fee. It suits those looking for flexibility in redeeming points for travel, merchandise, or cash back.
Comparison Table:
| Feature | MBNA Rewards Platinum Plus® Mastercard® | CIBC Dividend Visa Infinite Card | National Bank Allure Mastercard |
|---|---|---|---|
| Annual Fee | $0 | $120 (first year rebated) | $0 |
| Rewards Rate | Up to 2 points per $1 | Up to 4% cash back | 1 pt / $2 |
| Welcome Bonus | Up to 10,000 points | 10% cash back on first $3,000 | None |
| Travel Insurance | Basic | Comprehensive | None |
| Foreign Transaction Fee | 2.5% | 2.5% | 2.5% |
Final Verdict: The MBNA Rewards Platinum Plus® Mastercard® offers strong rewards and practical benefits without an annual fee, making it a great choice for everyday use. Its generous rewards on key spending categories and flexible redemption options add value, although the foreign transaction fee might be a drawback for frequent international travelers. Overall, it scores an 8.7 out of 10 for its rewarding features and no annual fee.
Disclaimer: Refer to the official credit card web page for the latest rates, terms, and conditions. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute professional and/or financial advice.
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