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MBNA Platinum Plus® MasterCard® Credit Card

Free $100 Gift Card

MBNA Platinum Plus® MasterCard® Credit Card

Get 0% annual interest rate† (AIR) on balance transfers✪ for the first 12 full months

Our Rating:
Annual Fee Interest Rate Balance Transfer Cash Advance Credit Score Good: -- I've had a credit card, or loan for 6+ years. I've had good credit for the last 7 years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). I haven't opened a new credit card account, loan, or line of credit in the last nine months. I've made the minimum payments on my existing credit cards for the past three months. Rewards Are all rewards created equal? -- From points, to miles, to cash back - how do you know how much you're really getting? To help you find the best rewards card, we've created the Your Reward Return, a rate that lets you know the rate of return from your spending into rewards so that you can compare like for like. Now that's wise thinking!
$0.00 19.99% 0.00% *21.99% after 12 months 24.99% Good -
  • Card Details Details
  • Our Review Review
  • Best of Finance Winner

Card Details

Simplify your finances while enjoying platinum services.



  • 0% promotional annual interest rate† (AIR) on balance transfers✪ for the first 12 full months

  • Access to 24/7 customer service

  • Around-the-clock-fraud protection

  • Immediate cash access at over 1 million ATMS worldwide

  • No annual fee


 


 

RateSupermarket.ca's Review

Tired of paying sky-high interest on your credit card balance? Cut yourself a break - for a whole year! The MBNA Platinum Plus® MasterCard® credit card is the best low balance transfer option in Canada, offering a 0% rate for 12 months on balances moved over from another card. It's a great way to effectively pay off a lingering balance, and has no additional fees.

Top Features About the MBNA Platinum Plus® MasterCard® credit card

  • No annual fee
  • 0% balance transfer rate for 12 months (increases to a standard 21.99% after the promotional period)

Pros

  • Pay off your balance with zero balance for a year!
  • Pay no annual fee
  • 24-hour customer service
  • Built-in fraud protection
  •  

Cons

  • No rewards earnings
  • No retailer discounts included
  •   
 

How We Did It: Balance Transfers

Ave. Canadian Credit Card Debt Amount Paid Monthly Debt Timeline
$3,277.33 Minimum Payment (varies) 24 Months

 

All interest totals include limited time interest rates, credits, bonuses and annual fees.

WINNER: The Best Low Balance Transfer Credit Card in Canada

Are you carrying a stubborn credit card balance? A credit card with a low balance transfer option can help give you a break on interest, and help you pay off your principal debt faster. The MBNA Platinum Plus® MasterCard® credit card wins top spot for balance transfer promotions in Canada with 0% interest paid on transferred balances witin the first 12 months. You read that right - ZERO interest paid for an entire year on your credit card balance!

Why It's Our Winner

*Interest savings were calculated based on the following:

  • Assuming the cardholder is carrying the average Canadian credit card balance of $2,627*
  • The cardholder is paying off the balance in full over a 12-year period with monthly installments of $218.92
  • Total Interest Paid is compared to that of a credit card with a 19.99% APR over a 12-month period

Payment Details:

  • Balance Transfer Period: 0% for the first 12 months
  • Total Interest Paid on Balance: $0
  • Total Interest Saved: $390.88
  • Balance Transfer Fee: $26.27

See how the MBNA Platinum Plus® MasterCard® credit card stacks up against the other top low balance transfer credit cards in Canada:

This Card Is Great For You If:

  • You're prone to carrying a balance
  • You want to pay down your credit card debt
  • You don't want to pay an annual fee
  • You don't mind not earning rewards

FAMILY GAS GROCERY REPAIRING CREDIT

Want to know how we did it?

Rate and product information are subject to change at any time and does not constitute financial advice. Please contact supplier for complete details.

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