Credit Cards

Amazon Mastercard by MBNA

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  • Nov 4th, 2020 7:21 pm
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[OP]
Deal Fanatic
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May 9, 2009
6011 posts
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Montreal

Amazon Mastercard by MBNA

Last night, someone made a post on Reddit claiming the Amazon credit card would soon be relaunched as a MasterCard with the following benefits

* 2.5% return on Amazon purchase, restaurants and groceries, 5% for first 6 months, 1% on all other purchases
* No exchange fees
* Prime membership required

He didn't disclose with which financial institution but his post history suggests he works for TD. Another redditor "validated" the claim by saying that he worked for the same FI and was reporting the OP for breach of confidentiality. OP quickly deleted his posts after this.

Take this with a grain of salt and mods, feel free to delete/move if you see fit.
Thread Summary
Image

Amazon.ca Rewards Mastercard, issued by MBNA (owned by TD).

Promo: 5% back on purchases at Amazon.ca, Whole Foods, grocery stores, and restaurants for 6 months (max $3000 spend).

Benefits for Prime members:
  • 2.5% back on Amazon.ca, Whole Foods, and Foreign Currency transactions.
  • 1% back everywhere else.

Benefits for non-Prime members:
  • 1.5% back on Amazon.ca and Whole Foods.
  • 1% back everywhere else (including foreign purchases).

Prime members include those with the free trial, those with a monthly/annual subscription, and those with student Prime.
Extended warranty and purchase protection
This card has a forex fee of 2.5% (so Prime members net 0% on foreign purchases)
Rewards are given as an Amazon credit with a minimum value of $20 required for redemption.

Be careful to use the Amazon APP

DO NOT CLICK ON APPLY NOW

From APP notes "By clicking "Apply Now, you authorize and direct Amazon to share information with MBNA about you and your Amazon.ca account, including purchase, and account history. Prime status and account identifiers, to assist MBNA in its evaluation of your application and, if you are approved, the maintenance, servicing, and administration of your card account, as well as certain internal reporting and analytics"

—-

If you respect World MasterCard requirements ($60,000 personal income or $100,000 household), there is a World version of the Amazon card with extra benefits such as price protection

See mbna website for world benefits (first column of the table)

https://www.mbna.ca/credit-cards/master ... /index.jsp

thread: mbna-cards-unlisted-features-2370174/
993 replies
Sr. Member
Aug 5, 2018
538 posts
751 upvotes
psyko514 wrote: was reporting the OP for breach of confidentiality
LMAO.

This is so hilarious.

Why so much hate?

Plus, how would he report OP?
How would he know which TD employee is this?

The earnings rate on Amazon is somewhat competitive for no annual fee (the other 2 categories are not competitive).
But prime membership is not cheap though, probably not worth it for most.
Deal Addict
May 1, 2018
1485 posts
938 upvotes
Vancouver
I wonder if having a student Prime membership will allow you to apply and keep this card.
Deal Fanatic
Nov 6, 2018
6522 posts
5688 upvotes
I wonder if supplementary cards will be available.
Deal Fanatic
User avatar
Apr 24, 2017
5266 posts
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TD Amazon MasterCard?
Sound interesting...

However, I don't think I will apply for this card. When travelling abroad, I prefer having both MC and Visa (Rogers WE and HT Visa). 2 MCs are not going to work well.
📱 Telus: $30/25GB Peace of Mind Plan + 1000 International minutes
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💳 Credit card combo (2.5 - 10% return): AmEx + Scotiabank + CIBC
Member
May 12, 2019
485 posts
847 upvotes
This is exciting. I only use MC at Costco and restaurants so this seems like a great backup for my Cobalt
Sr. Member
User avatar
Dec 20, 2017
651 posts
774 upvotes
TD killed off their mastercard portfolio (keeping it with MBNA), and doesn't seem like they're going back. I don't think this is quite right.

Only big 5 that still issue MC: BMO & RBC. BMO being primary, with RBC being secondary (moneris partnership)? I recall reading BMO had the mc licensing and RBC had visa back in the day.
Member
May 12, 2019
485 posts
847 upvotes
Delight wrote: TD killed off their mastercard portfolio (keeping it with MBNA), and doesn't seem like they're going back. I don't think this is quite right.

Only big 5 that still issue MC: BMO & RBC. BMO being primary, with RBC being secondary (moneris partnership)? I recall reading BMO had the mc licensing and RBC had visa back in the day.
Couldn't it be an MBNA branded MC that's just backed/administered by TD? In which case their departments dealing with MBNA CCs would know about it?
[OP]
Deal Fanatic
User avatar
May 9, 2009
6011 posts
1877 upvotes
Montreal
xx1what wrote: LMAO.

This is so hilarious.

Why so much hate?

Plus, how would he report OP?
How would he know which TD employee is this?

The earnings rate on Amazon is somewhat competitive for no annual fee (the other 2 categories are not competitive).
But prime membership is not cheap though, probably not worth it for most.
The OP had some identifying information in his post history including a picture of himself. Looking through the comments, the other poster didn't directly report him but rather forwarded to thread to Legal to allow them to investigate.

The OP also made it sound like you could get the card without Prime, but that the benefits would be reduced.
Deal Expert
Aug 22, 2011
35219 posts
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Center of Universe
I can always find another slot in my wallet for a no FX fee card!
Deal Fanatic
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Aug 29, 2012
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psyko514 wrote: The OP had some identifying information in his post history including a picture of himself. Looking through the comments, the other poster didn't directly report him but rather forwarded to thread to Legal to allow them to investigate.

The OP also made it sound like you could get the card without Prime, but that the benefits would be reduced.
Screw TD, I'm glad if it irritates them.
Sr. Member
User avatar
Jul 25, 2018
784 posts
1236 upvotes
Milton, ON
Thanks for posting. Would've been better if they offered 2.5% on Amazon purchases and 3%+ gas imo, I would gladly eat the annual Prime membership fee if this was the case. No AF 3 and 4% restaurant CCs already exist (Cap1 Platinum and Simplii Visa), as well as 3% groceries (Canadian Tire Triangle WE MC, PC WE MC at associated retailers). Until then, guess I need to wait for a no AF MC offering a better return on gas..
Sr. Member
Mar 21, 2019
746 posts
727 upvotes
JoelK22976 wrote: Thanks for posting. Would've been better if they offered 2.5% on Amazon purchases and 3%+ gas imo, I would gladly eat the annual Prime membership fee if this was the case. No AF 3 and 4% restaurant CCs already exist (Cap1 Platinum and Simplii Visa), as well as 3% groceries (Canadian Tire Triangle WE MC, PC WE MC at associated retailers). Until then, guess I need to wait for a no AF MC offering a better return on gas..
+1
Really, this is only geared towards heavy Amazon shoppers who have a Prime membership already.
It doesn’t make much sense to me to get Amazon Prime just for the sake of getting this card, especially when we don’t yet have information on the inevitable accelerator cap yet.
Deal Fanatic
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Aug 29, 2012
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masterman wrote: +1
Really, this is only geared towards heavy Amazon shoppers who have a Prime membership already.
It doesn’t make much sense to me to get Amazon Prime just for the sake of getting this card, especially when we don’t yet have information on the inevitable accelerator cap yet.
You can buy gift cards with the Amex Cobalt for 5% at Amazon too.
Deal Fanatic
Dec 16, 2005
5468 posts
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Poutinesauce wrote: You can buy gift cards with the Amex Cobalt for 5% at Amazon too.
who knows how long that will last.
Deal Guru
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Jan 9, 2011
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Vancouver
2.5% return on grocery would be the highest grocery earning Mastercard in Canada (not counting PCF because it's a Loblaws-only store card), and the best card to use at Walmart Supercentre.
Edit: Forgot about Canadian Tire Triangle World Elite (3%). Thanks to @masterman for pointing out my mistake.
Last edited by Kiraly on May 17th, 2019 1:43 pm, edited 2 times in total.
Deal Addict
May 16, 2017
1552 posts
1959 upvotes
Cheapmaestro wrote: Couldn't it be an MBNA branded MC that's just backed/administered by TD? In which case their departments dealing with MBNA CCs would know about it?
All MBNA Canada cards are backed/administered by TD (MBNA is just a brand now, cards are legally issued by TD), so if it is a TD Mastercard that would almost certainly be an MBNA branded card.
Sr. Member
Sep 6, 2016
756 posts
294 upvotes
I think It is a market tactic to share a secret to attract people
Public Mobile $35 / 4GB LTE a month forever!
Deal Guru
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Mar 23, 2008
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mech9t5 wrote: who knows how long that will last.
They've already sent out updated T&C that give them the right to not give out the bonus multiplier for gift cards. See the Cobalt thread for details. The question remains of "How will they determine whether a purchase is for gift cards or groceries?"

C
Deal Fanatic
Dec 16, 2005
5468 posts
3537 upvotes
CNeufeld wrote: They've already sent out updated T&C that give them the right to not give out the bonus multiplier for gift cards. See the Cobalt thread for details. The question remains of "How will they determine whether a purchase is for gift cards or groceries?"

C
Yes, I know. Hence my comment.

Right now, I don't think there is a problem. But, clearly they are trying to lay the groundwork to deny points once they are ready to enforce it.

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