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Best MBNA Credit Cards Canada

MBNA Corporation is the parent company of MBNA America Bank, N.A., which is the United States division of MBNA Corporation, where initially, MBNA means Maryland Bank, N.A.



MBNA offers a variety of credit card that comprises business cards, reward credit cards and cards that allows you to transfer existing balances. Each of these cards is in link with an online account access which is protected by the customer’s security login. MBNA have created programs that would allow their customers to redeem rewards as their card holders use their cards. Rewards come in different offers such as flight tickets, hotel reservations, merchandise shopping and gift certificates. Another interesting offer that MBNA have made is giving 0% interest on balance transfers for a certain period of time and also 0% interest on your daily purchases. However, this 0% interest offer does not apply to all MNBA credit cards.

Now, let’s take a look to the credit cards that MBNA Canada offers.

Good Credit – Excellent Credit

MBNA credit cards are categorized into different areas depending on the credit card applicant’s choice and need. It also depends on the way the customer is going to use your credit card. The areas that are offered by the company are the following: Travel rewards, Automotive rewards, Specialty rewards and MBNA rewards.

CARRY A BALANCE - LOW INTEREST RATES

We might have to use our credit card in all our transactions, right? May it be expenses in our groceries, gas, healthcare and all of those we have to spend on, some of us use our credit cards in those dealings. For the person who is a big spender and spends a lot, then the GOLD MBNA Credit Card is perfect for you. Credit card issuers show the gold credit card as one of the best mbna credit cards canada that a client can have. It creates a status symbol that tells something about you, who in reality says that, what you are earning either on your job, your business or the endeavor you are in makes you earn more than the national average wage. Issuers consider you as better compared to the average credit risk.

A gold credit card have great features compared to those ordinary one since it has a higher credit limit and allows you to draw more cash out on a daily basis. With your gold credit card, rewards are easier to redeem since point you accumulate usually doubles depending of the policy of the reward programs. But definitely, you have the edge compared to those ordinary cards especially with the promos where insurances are given free but requires you to pay annual fee.

The MBNA Gold Credit Card

This best mbna credit cards canada has a credit line of up to $50,000 with supreme 24/7 customer service that allow you to ask, inquire or just simply needing a help with the company. Annual fee are waived for this type of card compared to those ordinary credit cards. In time of cash access is utilized, you can avail it at 430,000 ABMs worldwide which means it’s very convenient for the user. Regarding with purchase assurance and other valuable, there is no risk and difficulty as it offers almost everything.

What comprises this credit card:
• Annual interest rates:
o Purchases: 9.99%.
Balance transfers (including cheque cash advances): 9.99%.
Cash advances (including cash equivalents): 9.99%.
• Interest-free grace period: 21 days.
• Account fees:
o Over the credit limit: $35.00 per billing cycle
o Returned payment: $20.00 per occurrence
o Returned cheque cash advance: $20.00 per occurrence
o Extra copy of monthly statement or sales draft: $2.50
o Inactive credit balance: If your account is inactive and has a credit balance, we will charge you annually the lesser of: (1) the credit balance; or (2) $25
• Transaction fees:
o Cash advance (including automated teller machine and over the counter advances): 1% of amount advanced (minimum fee of $7.50)
o Balance transfer (including cheque cash advances): 1% of amount transferred or advanced (minimum fee of $7.50)
o Cash equivalents: 1% of amount purchased (minimum fee of $7.50)
o Wire transfer: 1% of wire purchase amount (minimum fee of $7.50)

The MBNA Platinum Plus credit card

This credit card has a generous amount of credit limit reaching $100,000. It comes along with a no annual fee charge and has a round-the-clock customer service access. Concerning with security, the card has a fraud protection that is online 24/7 which mean you wealth is very much secure. An online access of your account is available where you can see how you have used your card and what purchases or transactions you have deal with. 1.99% introductory annual interest rate on Cheque Cash Advances and Balance Transfers for 10 months is charged by the company. What is more amazing with this best mbna credit cards canada is that it is internationally accepted to millions of location around the world which mean less hassle but great value.

What comprises this credit card:
• Annual interest rates:
o Purchases: 17.99%.
Balance transfers (including cheque cash advances): 19.99%.
Cash advances (including cash equivalents): 19.99%.
• Interest-free grace period: 21 days.
• Account fees:
o Over the credit limit: $35.00 per billing cycle
o Returned payment: $20.00 per occurrence
o Returned cheque cash advance: $20.00 per occurrence
o Extra copy of monthly statement or sales draft: $2.50
o Inactive credit balance: If your account is inactive and has a credit balance, we will charge you annually the lesser of: (1) the credit balance; or (2) $25
• Transaction fees:
o Cash advance (including automated teller machine and over the counter advances): 1% of amount advanced (minimum fee of $7.50)
o Balance transfer (including cheque cash advances): 1% of amount transferred or advanced (minimum fee of $7.50)
o Cash equivalents: 1% of amount purchased (minimum fee of $7.50)
o Wire transfer: 1% of wire purchase amount (minimum fee of $7.50)

DOESN'T CARRY A BALANCE - REWARDS CARDS

Card users that use their credit cards for convenience usually settle the payment of their cards every end of a month. Once they have paid their credit balance, they are able to receive a lot of rewards compared on the amount of usage they have made with their cards. They are keeping on collecting points and redeem rewards as much as they want. But this usually depends on the amount of accumulated points the card users have gained and collected.

When spending much with you rewards card, it then comes with an annual fee depending on the company. Sometimes companies waived these annual fees but this is done when the card holder pays off the balance regularly every end of the month or when you are able to reach your credit limit with you purchases. You must be aware of the cards that offer less annual fees or no annual fees at all.

We break these categories out by if the individual spends a lot each month using their cards, or a little. (Generally the marker is around $2500 per month.) If you spend less than $2500 then you would consider a different card than if you spend more than $2500 per month.

Spend More Than $2500 / Month - Rewards Cards

In this category, card users are those who spend more than $2500 per month or more than in using their credit card. This means that when you receive your billing statement, they have reached more than $2500 with your balance. This credit card then fits these types of clients. Clients would surely settle their annual fees to prevent penalties but as well gain rewards points from using the card in their transactions.

MBNA PremierRewards® Platinum Plus® MasterCard®

A rewards credit card that pays you back with what you have spent for. It allows its customer to make their dollar spent to go as far as possible. This means that this company allows their card holders to enjoy the rewards they have prepared especially to those clients who spent much using their card and accumulate numerous points. It could be then exchange with surprisingly great items or merchandise. It can even become certificate for groceries, gas or for shopping.Check on the features of this rewards credit card and compare to which features and offers you are fascinated on.

Here are its features:
• As commonly offered by rewards credit card. This card has No Annual Fee as well.
• 1% back on all net retail purchases when buying merchandise or any transactions that you have used your rewards card.
• There is a yearly automatic rewards crediting in your account once you have availed with their promos especially those that are offered in the company’s website.
• Regarding with points, there is an enticing policy of No spending limits or earning limits. Customers can earn points as much as they can and redeem rewards equivalent to their accumulated points.
• There is Exclusive platinum benefits and peace of mind for the card holder that provides less risks and hassle.
• Booming credit limit of up to 100,000 is offered by the card issuer giving the customer a wider range to spend on their credits.
• Customer service is always present 24/7 for any inquiries or problems that these card holders may encounter when using their credit cards.

MBNA TravelRewards Platinum MasterCard

With MBNA TravelRewards credit card, everything you want and nothing you don’t. This is how this card works. It allows its client to enjoy everything they offer. In their rewards program, points are earned in every dollar spent in net retail prices. This is just one of the features of MBNA TravelRewards Platinum MasterCard.

Try to check and evaluate the number of feature the card consist of:
• When purchasing, the amount of dollar you spent will also be the number of point you get. In other words, $1 is equals to I TravelRewards point.
• When having your first qualifying transaction, 5,000 TravelRewards point will be instantly given on your account.
• Anniversary date is always celebrated yearly and its client gets to enjoy a gift of 2,500 bonus points.
• Choose from the 75 airlines to which you prefer to use your travel rewards as exchange of your TravelRewards points. No blackouts.
• Enchant yourself with the Platinum card benefits that the company offers.
• Competitive annual fee of $89 charged but could be waived for being a good credit payer on your balances.
• Credit limit reaches up to $100,000 as an allowable credit to be spent and used by the card users.
• Fraud protection is present at all times making less hassles and burden on the customers.
• 24/7 customer service offered through online by logging in to your secure account.
• Stolen, lost or damage cards are quickly replaced in just a 48 hour waiting period. Additional cards are allowed and offered by the company for the convenience of the clients.
• Immediate cash access of $430,000 ABMs worldwide for this card and is widely recognized and accepted on more than millions of location around the globe.

Spend Less Than $2500 / Month - Rewards Cards

Card holders that belong to this category are those clients that spend less than $2500 per month in using their credit cards. This card holder keeps a good budget with their finances as they would go for the things that are necessary for them.They are taking advantage of the feature promos that each specific cards can offer them.

MBNA WorldPoints Rewards MasterCard

This best mbna credit cards canada has been the most rewarding MasterCard as it gives you instant 1.000 world points as an introductory reward. With that, you can avail right away of its offered rewards even without using or earning points yet with your card. You have just simply got a card and receive a reward in return.This rewards credit card has a lot of features to get to know too.

Here is the list of its card features:
• You easily Earn 1 world point for every dollar you have spent.
• With your first qualifying transaction, you can instantly earn 1,000 bonus WorldPoints.
• Once you reach a certain number of point, you can redeem WorldPoints rewards either of your choice whether spend it for travel or for merchandise or both at the same time.
• Redemption level is at 1,000 WorldPoints which mean that the moment you got the card with the instant 1,000 WorldPoints, you can avail a certain reward equivalent of the points you have
• Annual fee is cheap compared to other rewards cards which are only at $29.

Bad Credit – Other Banks Credit Card

Credit cards that are presented here are those card holders who don’t have enough credit history as well as credit rating. Clients who are first time user of credit cards also would belong here. Credit cards offered in this portion are categorized into three. The categories go as follows: Secured credit cards, Carry a Balance and Don’t Carry a Balance. Check out each category and also each credit cards provide in order to know what is the best card that fits you.

SECURED CREDIT CARDS – LOW INTEREST CARDS

Clients do have past history with their past use of credit cards. Sometimes, these clients can’t avoid of having bad credit history which could affect also the credit rating. Some are don’t have any credit history yet as they are first timers in applying a credit card. These credit cards are the key in getting a good start of building an excellent credit history again. These cards also offer less interest which means less risk for the client to be troubled in paying their balances. Compared the card benefits and pick the card that gives you much advantage.

Capital One Low Rate Guaranteed Secured MasterCard®

Capital One offers this card to clients who don’t have any credit or limited credit history. This is a card that allows customers to start building their credit history. One of the perks of this card is that a guaranteed approval of having the card. Another is the low interest rate it offers as well as low annual fees.

This credit card comprises these following features:
• Any application of the card has a guaranteed approval.
• Master RoadAssist™, MasterCard Global Service™ and MasterCard PayPass™ are use in tap-and-go pay system that gives less hassle for the client in payment as the card don’t need to be swiped.
• Low Interest rate of 14.9% on purchases and balance transfer that does not bring trouble to client during payment of balances.
• The customer service is on standby 24/7 through phone or online.
• 0$ fraud liability for any unauthorized purchases.
• Give you the chance in building a credit history.

Citi® Secured MasterCard®

This credit card helps client rebuild their credit history to be able to apply soon to conventional credit cards. The bank would require depositing an amount that would range from $200 to $5, 000 into a certificate of deposit. This would then become the credit limit of the credit card.

Here are the features of the credit card:
• Having the card you may become eligible for an unsecured card after 18 months of card usage.
• $0 liability on unauthorized charges made into the client account.
• Citi® Identity Theft Solutions protects the account and personal information of the card holder.
• No required income or co-signer to start building a record of account performance.
• With retail purchase protection, the items purchased with your card are safe against accidental damage or theft for up to 90 days from the day the product is bought.
• Tap-and-go system of Citi MasterCard® Payment Tag with PayPassTM is a new innovation where you just tap your card rather than the old system of swiping it.
• Citi® Credit Card Benefits & Services offers cash or rewards such as American Airlines® awards and travel benefits to cash back and college saving.

Orchard Bank Secured MasterCard®

Client who undergoes bankruptcy would have a hard time qualifying for a conventional credit card because of its qualification like having a good credit history. This card offers best value for customers who need to restore their credit history after undergoing serious credit setback. The company gives much benefit to their card holders. Check the list of feature and benefits the card offers.

List of Orchard Bank Secured MasterCard benefits:
• No annual fee charges on the 1st year of card usage. Succeeding years would have fees but can be waived based on credit performance.
• No account processing fee for any transactions made.
• Low interest rate for the client enjoyment of card usage.
• A credit report is transmitted to 3 major credit bureaus that evaluate and updates the client’s credit history.
• Credit limit is based on the account deposit funds. It start at $200 account balance.

CARRY A BALANCE – WITH MAXIMUM BENEFITS

Credit user is entitled to carry a balance on their credit cards. The cards can be used to the extent of how much credit line is available for the card holder to spend. Low rate are available and is risk-free in getting into trouble of too much debt acquired. This card are for client who has bad or fair credit as well as new credit card holder who has none or limited credit. In addition, client who has bad credit history belongs in this category.

Capital One Guaranteed MasterCard®

Apply Today! Low Rate Guaranteed MasterCard®

This card allows the card users to experience all the benefits of having a credit card. Capital One gives the client the luxury to be able to rent a car, do shopping online or book hotel rooms. With this Capital One credit card in your hands, your credit history will not suffer but instead build up as long as you pay your bills on time. This card has a lot more to offer. Check it out below.

Other Capital One Guaranteed MasterCard benefits:
• Travel benefits offered: Master RoadAssistTM, MasterCard Global ServiceTM, MasterAssistTM Travel Assistance Service for client safety all the time.
• Travel accident insurance is also given aside from the safety assistance.
• MasterCard PayPass™ give convenience in paying bill for the card holder.
• Tap-to-Go system when using the card to have less hassle from card swiping.
• 27/7 standby customer service to phone or online.
• $0 fraud liability for unauthorized card use.
• The Guaranteed MasterCard® additionally protects you with purchase assurance and extended warranty for the time the client is still rebuilding the credit history.

DON’T CARRY A BALANCE – REWARDS CARD

Card holders under this category are considered convenience users as they used the card credit and pay them off each month when their billing statement is received. They spend less but get as many rewards points. The acquired points can then be redeeming with rewards. In addition, cash backs are given in certain percentage of the purchases made.

Capital One Cash Back Guaranteed MasterCard® for Gas Groceries

For client who is seeking for a rewards card and at the same time building an excellent credit history, Capital One Cash Back Guaranteed MasterCard is the right credit card for you. This card would let you gain points to redeem specific equivalent rewards. It also provides cash back on the total purchases made using the card. Receiving cash back don’t have any limit as long as the account exists.

More credit cards benefits listed below:
• 2% cash back on gas payment are returned to the client and also with the groceries purchases.
• Additional 1% cash back on all other purchase with the card.
• $0 fraud liability on unauthorized use of the credit card.
• Client can reach the 24/7 customer service through phone or online.
• In redeeming rewards customer is given an option to choose if the cash back will be via statement or cheque.
• Annual fees are reasonably fair as the company allows additional authorized user to every account.

Having read and learned for the different credit cards that belong to a specific category. It is your time to think and choose what credit card suits your lifestyle and your needs. Be wise to compare their benefits as each card are considered unique. Weigh out which benefit are you interested on and would give you much savings. Apply then and enjoy the freedom of spending!

SEE ALSO

Carry A Balance Cards

Best Capital One Credit Cards Canada

Best Secured Credit Cards Canada

References

What is an Annual Percentage Rate

Annual Percentage Rate

Travel Insurance Policies

External Links

HomeTrust - Secured Visa

Get A Good Credit

Get an Excellent Credit Score

MBNA Credit Cards

Credit Card Reviews

BEST MBNA CREDIT CARDS CANADA