Independent ClearFin review · MBNA
Start with 5% back introductory offer on eligible purchases.
Current new-cardmember offer
Confirm with the issuer
🛒 Amazon CashbackIts strongest published earn rate in our data is 1.0% on dining. With no annual fee, it can be easier to keep long term without needing rewards to offset a yearly cost.
Checked 2026-08-09 · Official issuer catalogueHow to earn it
New cardholders only. Applies to eligible purchases within first 6 months, capped at $3,000 spend.
Confirm final approval criteria and current rates directly with the issuer.
Approval is based on standard retail credit underwriting with emphasis on credit history, payment behaviour, and overall credit profile. No fixed minimum score is published by the issuer.
ClearFin estimate on Canada's 300–900 scale. This is not an issuer cutoff or approval guarantee; lenders may use different bureau scores and underwriting criteria. This is an entry-to-mid tier rewards card designed for broad accessibility. Applicants with limited credit history may still qualify, but stronger credit profiles improve approval odds and credit limits. Income is not a primary published gating factor.
Reward limits: No ongoing category earn caps are published for the base rewards structure. However, the welcome offer (5% back) is capped at $3,000 in eligible purchases within the first 6 months. After the promotional period, rewards are uncapped but tiered based on Prime membership status and merchant category eligibility rules.
Earning cap
Redemption values and availability may vary by option and can change.
Redeem earned cash rewards using the issuer's available cash-back or statement-credit options.
Minimum redemption amounts, automatic payout timing, and eligible account credits vary by issuer; confirm the current program terms before applying.
Consider these extras by the value they add to purchases and experiences you already use.
Purchase Assurance coverage
Covers eligible items purchased with the card against loss, theft, or damage for up to 90 days from purchase date.
Extended Warranty protection
Automatically extends manufacturer warranties by up to one additional year on eligible purchases.
Mastercard Zero Liability protection
Protects cardholders from unauthorized transactions when proper security conditions are met.
Fraud monitoring and security alerts
Real-time monitoring and alerts for suspicious or unusual transaction activity on the account.
Payment flexibility via MBNA Payment Plan
Allows eligible purchases of $100+ to be converted into fixed monthly installments over 6, 12, or 18 months.
Emergency card replacement services
Provides expedited replacement card delivery in case of loss, theft, or damage.
No included coverage is verified in ClearFin's current catalogue.
This does not prove that coverage is unavailable. Confirm the issuer's current certificate and benefit guide before relying on protection.
Check the official card page ↗What we like
Worth noting
A practical reading of where the card earns, what the fee buys, and which limits matter.
Prime: 2.5% at Amazon.ca & Whole Foods. Non-Prime: 1.5%. Always 1% everywhere else. No annual fee.
Dining, Groceries, Gas, Travel, Everything else receive the strongest estimated return at 1.0%. Purchases outside the accelerated categories earn an estimated 1.0%.
There is no annual fee to recover, which can make the card easier to keep for credit-history length or occasional use. Interest and other transaction fees can still apply.
This card is most relevant for someone who spends consistently on dining and groceries and prefers to avoid a yearly fee.
Compare the purchase interest rate, foreign-transaction fee, approval requirements, reward limits, and insurance certificates. Pay particular attention to merchant-category rules because a store may not receive the reward rate its products appear to suggest.
Issuer terms apply. ClearFin is not affiliated with this provider. How we make money. Card facts were checked against the issuer's official source. The issuer's current catalogue was checked. Any field not explicitly listed remains marked as unverified rather than estimated.
