Amazon.ca Rewards Mastercard – full review for shoppers

The Amazon.ca rewards Mastercard, issued by MBNA, is a no-fee credit card designed for Canadians who shop frequently on Amazon or at Whole Foods Market. While it may seem like a basic card at first glance, there’s a lot more to unpack—especially when it comes to rewards, redemption options, foreign transactions, and how it compares to other cards in its category.

In this in-depth review, we’ll cover everything from eligibility to earn rates to how to maximize your rewards. Whether you’re a Prime member or not, you’ll find insights to help you decide if this card deserves a place in your financial toolkit.

Overview: quick facts

Feature	Details
Annual fee	$0
Issuer	MBNA (a division of TD Bank)
Rewards type	Points redeemable on Amazon.ca
Best for	Amazon Prime members, frequent Amazon.ca shoppers, no-fee card seekers
Bonus category	Amazon.ca, Whole Foods Market, foreign currency purchases (Prime members only)

How the rewards work

The Amazon.ca rewards Mastercard offers two reward tiers based on your Amazon Prime membership status.

For Amazon Prime members:

2.5% back on eligible purchases at Amazon.ca and Whole Foods Market (Canada)
2.5% back on purchases made in foreign currencies
1% back on all other purchases

For non-Prime members:

1.5% back at Amazon.ca and Whole Foods Market (Canada)
1% back on all other purchases

Important: Points are earned as a percentage of your purchase and are tracked in your MBNA account. You must be logged into your Amazon account with your card linked to see your balance and use points.

Redemption: how and where you use points

One of the biggest perks of this card is easy redemption. Here’s how it works:

Points can be redeemed directly at checkout on Amazon.ca.
There’s no minimum points balance required to redeem.
Each point is worth $0.01 (i.e., 100 points = $1.00).

There’s no option to transfer points or redeem them for travel, gift cards, or statement credits. This makes the card great for Amazon shoppers—but less flexible for others.

Foreign transactions: what’s the real benefit?

Many Canadian credit cards charge a 2.5% foreign transaction fee, and the Amazon.ca rewards Mastercard is no different. However, Prime members earn 2.5% back on foreign currency purchases, which effectively offsets the fee.

Let’s break it down:

You buy something in USD and pay a 2.5% fee.
You earn 2.5% back in points.
Net effect = 0% cost, assuming you’re redeeming your points.

This benefit is exclusive to Prime members, and it doesn’t apply to ATM withdrawals or cash-like transactions.

Additional card benefits

While the main attraction is cashback, the card also includes a few standard perks:

1. Purchase assurance

Protects eligible items from theft or damage for 90 days after the purchase date.

2. Extended warranty

Doubles the manufacturer’s warranty on eligible items, up to one additional year.

3. Zero liability protection

You’re not responsible for unauthorized transactions made with your card.

4. Contactless payments

Tap to pay wherever Mastercard is accepted.

These features aren’t unique to this card but do add value—especially since there’s no fee.

Who this card is best for

This card isn’t a one-size-fits-all solution, but it does shine for some types of users:

Ideal for:

Amazon Prime members in Canada
Frequent Amazon.ca shoppers
People who want simplicity
Travelers or international shoppers (Prime members only)

Not ideal for:

Non-Prime users who want better earn rates elsewhere
Points optimizers looking for travel or flexible redemptions
Big spenders wanting welcome bonuses or tiered programs

Comparing the Amazon.ca rewards Mastercard to similar cards

Let’s see how it stacks up against a few other popular no-fee cashback cards in Canada:

Card	Amazon.ca rewards	Tangerine money-back	PC Financial Mastercard
Annual fee	$0	$0	$0
Base earn rate	1%	0.5%-2%	1%-3% (at Loblaw stores)
Bonus categories	Amazon, Whole Foods, FX (Prime)	2 chosen categories	Groceries, gas, Shoppers
Redemption	Amazon.ca checkout	Statement credit	PC Optimum points
Prime perk	Yes (2.5%)	No	No

If you’re a loyal Amazon user, this card wins for simplicity and direct integration. However, if you shop mostly offline or want more flexibility, something like the Tangerine money-back credit card might be a better fit.

Application and eligibility

Applying for the Amazon.ca rewards Mastercard is quick:

You must be a Canadian resident and the age of majority in your province.
You’ll need to provide basic personal and financial details.
MBNA may request your income level, employment info, and consent to a credit check.

Most applicants get a decision within minutes, though some may take longer depending on your credit profile.

Pros and cons summary

Pros:

No annual fee
Strong cashback for Prime members
Easy redemption at Amazon.ca
FX cashback cancels out the 2.5% fee (for Prime users)
Purchase protection included

Cons:

Lower earn rate for non-Prime members
Points only usable at Amazon.ca
No welcome bonus
No travel insurance or premium perks

Is this card worth it?

The Amazon.ca rewards Mastercard is a great value card for Canadian Amazon Prime members. It offers competitive cashback rates where it matters most, paired with a no-hassle redemption experience.

For people who aren’t Prime members, it’s still useful but no longer a standout. And for anyone looking for versatile redemption options, travel points, or higher earn rates in multiple categories, there are better alternatives out there.

However, for everyday Amazon.ca users who want a set-it-and-forget-it rewards system, this card is one of the best no-fee options available in Canada.

Already have Prime and shop Amazon regularly?
Then this card is practically made for you.

Interested? Click the button and we’ll take you straight to the official bank website, where you can submit your application.

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