Rewards Calculator Algorithm
You can either estimate rewards by inputting your spending habits manually or creating secure bank connections through our trusted financial partner mx.com and letting Finly analyze your spending in the past year.
Finly factors in all the reward limits and fine prints of every single credit card so you can be sure your results are as accurate as possible.
Note: The bank connections are not perfect, meaning that occasionally the connection may fail. This happens when the MX bank connector is unable to establish the link, which is beyond our control. If this occurs, please feel free to inform us and use the manual method as an alternative.
Your Spending
Modify your spending numbers and click update to get the most accurate reward estimates.
$2,000
Restaurant, Fast Food & Coffee Shop
$
Grocery
$
Recurring Purchases (Bills, Subscriptions, Rent via Chexy)
$
Gas
$
Transportation
$
Entertainment (Movies, Concerts, etc.)
$
Foreign Purchases (Non $CAD)
$
Travel (Flights, Hotels, etc.)
$
Pharmacy
$
Online Shopping
$
Home Improvement (Renovation, Furniture)
$
Purchases at Canadian Tire, Sport Check, Lquipeur, Atmosphere, Party City, SportsRousseau, HockeyExperts, LentrepduHockey
$
Other Purchases Not Specified
$
Linked Credit Cards
Connect your existing credit cards starting with your most used one. After a successful connection, view all Canadian credit cards with their rewards ranked using your true spending habits.
Card Details
Interest Rates
Cash Advance: 24.99%
Purchase: 19.99%
Balance Transfer: 22.99%
Annual Fee
$0
Annual Income
Personal: N/A
Household: N/A
Credit Score
Good
Welcome Bonus
2,500 bonus points ($12.50 in cash back value) after your first eligible purchase within the first 90 days of account opening and 2,500 bonus points ($12.50 in cash back value) once enrolled for e-statements within the first 90 days of account opening
Card Type
Category: Points
Loyalty Program: MBNA Rewards
Our Rating
2.1/5
Institution
MBNA
Rewards
- 2x points per $1 spent on restaurant, grocery, digital media, membership, and household utility purchases (max $10,000 spent annually per category)
- 1x point per $1 spent on all other eligible purchases
Calculating reward breakdowns
Insurance & Benefits
Insurance
Coverage
Purchase Protection
Up to 90 days
Extended Warranty
Up to a year
Mobile Device Insurance
$1,000
Benefits
Details
Car Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car in Canada and US and 5% internationally
Annual Birthday Bonus
Birthday Bonus Points equal to 10% of the total number of Points the account earned in the 12 months before the month of the primary cardholder's birthday (max 10,000 points annually)
Pros & Cons
Pros
- No annual fee: You can earn rewards without worrying about an annual cost.
- Support for veterans: Every eligible purchase helps advocate for the care of Canadian veterans and their families.
- Flexible rewards program: Earn points that can be redeemed for cash back, merchandise, gift cards, travel, or charitable donations.
- Birthday bonus: Earn 10% of the points you've accumulated in the previous year as a birthday bonus, up to 10,000 points annually.
- 2,500 bonus points for signing up and an additional 2,500 points for enrolling in e-statements within 90 days.
Cons
- Low points value: Each point is valued at around $0.005, meaning you'll need to accumulate a significant amount for substantial rewards.
- Category spend limit: The 2 points per dollar rate applies only to specific categories like groceries, restaurants, and utilities, and is capped at $10,000 annually.
- Limited bonus potential: The total welcome bonus is relatively modest compared to other cards.