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Due to the growing consumer demand in terms of credit card rewards, it is not surprising to see a generous signup bonus for every card in the market. This situation made it easy for banks to intensify their reward program to lure more customers who are looking for a simple credit card.

Take the MBNA Rewards Platinum Plus Mastercard as an example. This credit card promises double points every time it is used to pay for eligible transactions. However, this is not something new because other reward cards also offer this kind of bonus.

Features and Benefits

The strongest asset of this card may be the welcome offer of 2,500 points for enrolling in e-statements and another 2,500 points for eligible purchases.

Reward points, once acquired, don’t expire as long as the account is still active and in good standing.

The redemption value for travel is 100 points per $1. While this might seem to benefit a cardholder, the redemption value is still pretty high. In order to get a $200 discount, cardholders need to spend a total of $20,000.

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In terms of security, the MBNA Rewards Platinum Plus Mastercard is reliable. Aside from the Chip and Pin, it also has the Mastercard Zero Liability feature, which secures the cardholder from unauthorized transactions.

Application Process

There are two ways to apply for this credit card. One is through online application and the other is by phone. To successfully get this card, interested applicants must be at least 18 years old, a Canadian resident and employed. For online application, a form must be filled out, containing personal information, residence, employment status and financial capacity.

Interested applicants need to understand that the bank may look up credit history to find out if the applicant is eligible for the credit card. There is no assumed credit limit set by the bank because personal circumstances determine the limit of the card.

Fees and Charges

For a no annual fee credit card, the MBNA Rewards Platinum Plus Mastercard is fairly cheap, with a purchase APR of 19.99%. However, other charges for cash advance transactions are pretty high at 24.99%.

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