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Applying for a credit card can often seem daunting, but with the right information, the process becomes straightforward.

The MBNA Rewards Platinum Plus Mastercard offers an array of benefits that can enhance your financial flexibility and reward your everyday spending.

This article will guide you through the process of applying for this card, explain how it works, highlight its advantages and disadvantages, and help you determine if it’s the right choice for you.


How Does the MBNA Rewards Platinum Plus Mastercard Work?

The MBNA Rewards Platinum Plus Mastercard is designed to reward users for their spending. It operates on a points-based system, where cardholders earn points for every dollar spent.

These points can be redeemed for a variety of rewards, including travel, gift cards, merchandise, and cash back.

Every purchase made with the card accrues points, with some categories offering higher earning rates.


Additionally, the card often comes with promotional offers such as bonus points for new cardholders who meet certain spending requirements within the first few months.


Advantages of the MBNA Rewards Platinum Plus Mastercard

  • Rewards Points: Earn 2 points for every $1 spent on eligible gas, grocery, and restaurant purchases, and 1 point for every $1 spent on all other eligible purchases.
  • Welcome Bonus: New cardholders can earn a significant number of bonus points if they spend a specified amount within the first 90 days of account opening.
  • Flexible Redemption Options: Points can be redeemed for travel, merchandise, gift cards, and even as statement credits.
  • Comprehensive Insurance Coverage: Includes travel accident insurance, trip interruption insurance, and car rental collision damage waiver insurance.
  • Zero Liability Protection: Protects cardholders from unauthorized transactions.
  • Purchase Assurance and Extended Warranty: Covers most new items purchased with the card against damage or theft, and extends the manufacturer’s warranty.
  • No Annual Fee: Unlike many rewards cards, the MBNA Rewards Platinum Plus Mastercard has no annual fee, making it cost-effective.
  • Additional Cards: Add authorized users at no extra cost, and earn points on their spending as well.
  • Online Account Management: Easy and secure access to your account online or via mobile app.
  • Customer Support: 24/7 customer service ensures that help is available whenever you need it.

Disadvantages of the MBNA Rewards Platinum Plus Mastercard

  • Foreign Transaction Fees: Purchases made outside of Canada are subject to foreign transaction fees.
  • Interest Rates: High interest rates on purchases, cash advances, and balance transfers if not paid in full each month.
  • Limited Premium Perks: While the card offers a range of benefits, it may lack some of the premium perks found in higher-tier credit cards.
  • Point Value: Depending on the redemption option chosen, the value of the points can vary, sometimes making it less lucrative than other rewards programs.
  • Spending Categories: Bonus points are limited to certain categories, which might not align with every cardholder’s spending habits.

Is the MBNA Rewards Platinum Plus Mastercard Worth It?

Whether the MBNA Rewards Platinum Plus Mastercard is worth it depends largely on your spending habits and financial goals.

If you frequently spend in the bonus categories (gas, groceries, and restaurants) and prefer a card with no annual fee, this card can be highly beneficial.

The flexible redemption options and comprehensive insurance coverage also add significant value.

However, if you often travel internationally or require a card with more premium benefits, you might want to consider other options.

The foreign transaction fees and high interest rates on unpaid balances can offset some of the rewards benefits.


Requirements to Apply for the MBNA Rewards Platinum Plus Mastercard

To be eligible for the MBNA Rewards Platinum Plus Mastercard, you must:

  • Be a resident of Canada.
  • Have reached the age of majority in your province or territory.
  • Have a good credit history.
  • Meet the minimum income requirements, if specified.

How to Apply for the MBNA Rewards Platinum Plus Mastercard: Step-by-Step

  • Visit the MBNA Website: Start by going to the official MBNA website.
  • Find the Card: Navigate to the credit cards section and select the MBNA Rewards Platinum Plus Mastercard.
  • Review Details: Carefully read the card details, terms, and conditions to ensure it meets your needs.
  • Click Apply: Click on the “Apply Now” button to begin the application process.
  • Complete the Application Form: Fill out the online application form with your personal, employment, and financial information.
  • Submit the Application: After reviewing your information for accuracy, submit the application.
  • Wait for Approval: You will receive a response, usually within a few minutes. If more information is required, MBNA may contact you.


Frequently Asked Questions

How long does it take to receive the card?

Once approved, you can expect to receive your card in the mail within 7-10 business days.

Can I check the status of my application?

Yes, you can contact MBNA customer service to check the status of your application.

Is there a limit to the number of points I can earn?

No, there is no cap on the number of points you can earn.

Can I transfer my points to other loyalty programs?

Currently, points cannot be transferred to other loyalty programs but can be redeemed for a variety of rewards.

What happens to my points if I close my account?

If you close your account, you will forfeit any unused points, so it’s best to redeem them before closing the account.

In conclusion, the MBNA Rewards Platinum Plus Mastercard offers a robust rewards program, especially for those who spend frequently in its bonus categories and prefer a no-annual-fee card.

Weighing the benefits against the drawbacks will help you decide if this card fits your financial lifestyle.

Applying is straightforward and can be completed entirely online, making it convenient to start earning rewards quickly.