Reviewed by Jen, founder of MoneyMint · Updated September 25, 2026

MBNA (a division of The Toronto-Dominion Bank)No Annual Fee

MBNA Rewards Platinum Plus Mastercard

Our take: strongest for groceries and dining — about 2% back in value (est.) with no annual fee, plus a welcome bonus we value at roughly $100.

Welcome bonusUp to 10,000 MBNA Rewards points

Apply on MBNA’s site →

Goes straight to MBNA
Our review

The MBNA Rewards Platinum Plus Mastercard is the no-fee, no-income-minimum entry point into MBNA’s Rewards points program — the same program used by the premium MBNA Rewards World Elite Mastercard, though the two cards earn and are structured differently. New cardholders get 4 points per dollar on grocery, restaurant, digital media, membership, and utility purchases for the first 90 days, then 2 points per dollar ongoing, on up to $10,000 in combined annual spend.

3.7out of 5

MoneyMint rating

#10 of 34 no-fee rewards cards · How we rate

Rewards value

3/10

Insurance

4/10

Flexibility

8/10

Welcome bonus

1/10

Fee value

10/10

Perks

2/10

≈ $436

estimated first-year value after the annual fee, on a typical $2,050/month budget. Points are converted to dollars using MoneyMint’s own valuations — see our points value calculator for how each program is valued. See it for your spending →

At a Glance

Annual Fee

Rewards Rate

2x on bonus categories (4x for first 90 days), 1x elsewhereBonus categories capped at $10,000/year combined

Welcome Bonus

Up to 10,000 points5,000 after $500 spend in 90 days + 5,000 for paperless e-statements

Rewards

~2%on groceries (est. value)

Purchase APR 21.99%

Pros & Cons

Pros

No annual fee for primary or additional cardholders
4 points per dollar on grocery, restaurant, digital media, membership, and utility purchases for the first 90 days (2x ongoing)
Welcome bonus of up to 10,000 points
No minimum income requirement
Mobile device insurance up to $1,000
Purchase assurance and extended warranty coverage

Cons

No travel insurance of any kind — no medical, trip cancellation, or trip interruption coverage
$10,000/year combined cap on bonus-category spend, then drops to 1 point per dollar
Cash-back redemption value (0.5¢/point) is much weaker than travel redemption (1¢/point)
Bonus rate drops from 4x to 2x after the first 90 days
Standard APRs (21.99% purchase) are on the higher end for a no-fee card
2.5% foreign transaction fee (not explicitly confirmed by MBNA)

Rewards & Earn Rates

Purchase APR21.99%

Cash Advance APR22.99%21.99% for Quebec residents

Balance Transfer APR22.99%21.99% for Quebec residents

Foreign Transaction Fee2.5% (est.)

Best for everyday grocery and dining spenders who want a no-fee rewards card

Who It’s For

Best for

Grocery, dining, and utility spenders who want points without an annual fee
Applicants without the income to qualify for the World Elite tier
Cardholders who redeem primarily for travel, where the points are worth 1¢ each

Not ideal for

Anyone who wants travel insurance included with their card
Cardholders planning to redeem mainly for cash back, where value drops to 0.5¢/point
Big spenders in the bonus categories, who will hit the $10,000 annual cap

Not Sure? Three Cards People Compare It With

All everyday spending cards →

Scotia Momentum Visa Card

Pick this instead if most of your spending is groceries (~2% est.).

Fee $49Rating 2.7 ★

Read review

TD Cash Back Visa Card

Pick this instead if most of your spending is groceries (~1% est.).

Fee $0Rating 3.2 ★Bonus $0

Read review

Tangerine Money-Back World Mastercard

Pick this instead if you’d rather pick your own 2% categories (and get phone and rental car insurance).

Fee $0Rating 4.0 ★Bonus $120

Read review

Frequently Asked Questions

What is the annual fee for the MBNA Rewards Platinum Plus Mastercard?

The MBNA Rewards Platinum Plus Mastercard has an annual fee of $0.

What is the rewards rate on the MBNA Rewards Platinum Plus Mastercard?

The MBNA Rewards Platinum Plus Mastercard offers: 4 points per $1 on grocery, restaurant, digital media, membership, and utility purchases for the first 90 days, 2 points per $1 ongoing (up to $10,000/year combined spend), 1 point per $1 on all other purchases

Does the MBNA Rewards Platinum Plus Mastercard have a welcome bonus?

Up to 10,000 MBNA Rewards points 5,000 points after $500+ in eligible purchases within 90 days, plus 5,000 points for enrolling in paperless e-statements within 90 days. Quebec residents earn the first 5,000 points after their first eligible purchase (no minimum spend). No fixed expiry found — verify current terms before applying.

What credit score do I need to qualify for the MBNA Rewards Platinum Plus Mastercard?

Generally, you’ll want a good credit score to be considered for the MBNA Rewards Platinum Plus Mastercard. Approval also depends on income and overall credit history, not credit score alone.

Does the MBNA Rewards Platinum Plus Mastercard charge foreign transaction fees?

2.5%