The Amazon.ca Rewards Mastercard is offered in conjunction with MBNA. If you are a regular shopper at Amazon.ca or Whole Foods, the cash back earns rate is acceptable, especially if you have Amazon Prime Membership.
Outside of these locations, you also earn cash back on your purchases and can redeem your points for Amazon gift cards.
This Amazon.ca Rewards Mastercard review covers how it works, its pros and cons, and alternative cash back credit cards in Canada.
Amazon.ca Rewards Mastercard – At a Glance
Amazon.ca Rewards Mastercard
Rewards: Up to 2.5% back at Amazon and Whole Foods; 1% back on other purchases.
Welcome offer: 5% cash back at Amazon.ca and Whole Foods for the first 6 months ($150 value).
Interest rates: 19.99% on purchase; 22.99% on cash advances and balance transfers.
Annual fee: $0
Amazon.ca Rewards Mastercard Benefits
The top benefits of the MBNA Amazon.ca Rewards Mastercard include:
Earn cash back: You get 2.5% back on eligible purchases at Amazon.ca and Whole Foods Market stores in Canada if you are a Prime member.
Non-Prime cardholders earn 1.5% cash back at these locations. On purchases made elsewhere, the standard earn rate for all users is 1%.
Waive FX Fees: Amazon Prime members get 2.5% back on foreign currency transactions to help them cover foreign transaction fees. Non-Prime members get 1% back on transactions involving foreign currency conversions.
Insurance coverage: This card offers standard purchase security and extended warranty benefit coverage.
Save on car rental: Cardholders can save up to 10% on car rental fees at participating Avis and Budget locations.
Welcome offer: The Amazon.ca Rewards Mastercard offers a 5% cashback welcome bonus on up to $3,000 spent at Amazon.ca and Whole Foods in the first six months.
How To Redeem Amazon Rewards Points
When your rewards reach 2,000 points, they are automatically redeemed for a $20 Amazon gift card and added to your account.
The points do not expire as long as your account remains open and in good standing.
The main downside of this card is that you are limited to spending rewards earned at Amazon.ca.
Also, if you don’t have a Prime membership, which costs $9.99 per month, you don’t benefit from the 2.50% cash back rates at Amazon.ca and Whole Foods.
How To Apply For The Amazon Rewards Mastercard
You can apply for this card via your Amazon.ca account. Alternatively, visit the MBNA website to apply (which redirects you to Amazon).
The Amazon.ca Rewards Mastercard does not have a minimum income requirement.
That said, you may need a good credit score to qualify.
Alternatives to Amazon.ca Rewards Mastercard
1. Neo Financial Mastercard
The Neo Card pays you an average of 5% cash back at participating retailers and a guaranteed 1% cash back across all purchases.
When you apply for this no-fee credit card here, you also get a $25 bonus.
Neo Credit Mastercard (Standard)
Rewards: Average of 5% cash back at 10,000+ partners and a minimum of 0.50% cash back across all purchases
Welcome offer: Get 15% cash back on your first purchases, plus a $25 welcome cash bonus.
Interest rates: 19.99% – 29.99% on purchases; 22.99% – 31.99% for cash advances.
Annual fee: $0
2. Tangerine Money-Back Credit Card
This Tangerine credit card is one of the best no-fee cash back credit cards in Canada.
You get up to 2% unlimited cash back in 3 categories of spending and 0.5% cash back on everything else.
Also, in the first two months, it offers a 10% promo reward worth up to $100.
Tangerine Money-Back Credit Card
Rewards: Earn up to 2% unlimited cash back in up to 3 spending categories and 0.50% on all other purchases.
Welcome offer: Get an extra 10% cash back on up to $1,000 in spending in the first 2 months ($100 value); 1.95% balance transfer rate for 6 months.
Interest rates: 19.95% for purchases, balance transfers, and cash advances.
Annual fee: $0
3. SimplyCash Card from American Express.
If you are looking for flat-rate cash back rewards without paying annual fees, this card may be for you. You earn unlimited 1.25% cash back on most purchases.
SimplyCash Card from American Express
Rewards and benefits: Earn up to 2% cash back on gas and groceries; 1.25% cash back on all other purchases; travel accident insurance.
Welcome offer: Earn a $10 statement credit each month you spend $300 in purchases on your Card in the first 10 months (up to $100 value).
Interest rates: 20.99% on purchases and 21.99% on cash advances.
Annual fee: $0
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