The Amazon.ca Rewards Mastercard is back! No, this isn’t a joke, the new card comes from MBNA and is now available to the public. Ever since CHASE pulled out Canada back in 2018, Amazon hasn’t had an official co-branded credit card, so this fills that void.

Of course, the real question is if the new Amazon.ca credit card is any good? I can tell you right now that it’s great for people who use Amazon Prime and shop at Whole Foods a lot, but compared to the best cash back credit cards in Canada and the best travel credit cards in Canada, you may be a little disappointed. Read my Amazon.ca Rewards Mastercard review now for the full details.

Amazon.ca Rewards Mastercard benefits

What’s interesting is that this credit card gives you different benefits depending on if you’re an Amazon Prime member or not. If you’re a member, you’ll get the following with the Amazon rewards credit card:

  • No annual fee
  • 5% back at Amazon.ca, grocery stores and restaurants for six months after your account is opened
  • 2.5% back at Amazon.ca, Whole Foods Market in Canada and foreign currency transactions
  • 1% back per dollar spent on all other purchases
  • Extended warranty
  • Price protection
  • Common carrier insurance

For non-Amazon Prime members, your earn rate is much lower:

  • 1.5% back per dollar spent at Amazon.ca, Whole Foods Market, physical amazon stores (no forex earn)

As you can see, the card is clearly aimed at people who do a lot of their shopping on Amazon and have an Amazon Prime membership. It’s honestly tough to beat 2.5% back on Amazon purchases since they don’t typically fall into a merchant category that gives you a higher percentage of cash back. I should note that you’re not earning cash-back, you earn Amazon Rewards but since it takes 2,000 Amazon Rewards to claim a $20 Amazon.ca gift card, the program is easy to understand.

That said, you could technically earn up to 5% in points back on your Amazon purchases if you used your American Express Cobalt Card. You’d have to purchase Amazon gift cards at grocery stores where you earn 5 Membership Rewards points per $1 spent which may seem like a lot of hassle, but those points can add up.

Speaking of 5%, you will earn 5% back at Amazon.ca, grocery stores and restaurants for the first six months, up to $3,000 in eligible purchases. This is a great way to get some extra rewards if you have some large purchases coming up. Remember, this credit card has no annual fee so it can really benefit you to sign up.

Getting 2.5% back at Whole Foods Market is great if you happen to shop there, but with the prices they charge, 2.5% back won’t even seem like much. There are already other credit cards out there that give you 4-5% on groceries such as the Amex Cobalt Card and the Scotiabank Gold Amex, so you could argue that the Amazon credit card isn’t that good for grocery purchases.

The 2.5% in rewards you get on purchases you make in a foreign currency essentially washes the 2.5% fee you pay for purchases not made with Canadian dollars. This is a nice benefit and it just helps grow the list of credit cards without foreign transaction fees which is clearly great for Canadians.

I think it’s a bit silly that non-Amazon prime members only earn 1.5 Amazon Rewards per dollar spent on Amazon and Whole Foods purchases, but this is clearly a marketing decision to get people to signup for Prime.

The included price protection and extended warranty are standard benefits that come from Mastercard and are nothing special.

Since this is a no-fee credit card, you won’t be getting any premium benefits such as travel insurance, lounge access, or mobile device insurance.

How the Amazon.ca Mastercard compares to others

Beyond the Amex Cobalt and Scotiabank Gold Amex which I mentioned above, there are quite a few credit cards that compare to the Amazon.ca credit card, but it really comes down to where you shop.

For example, the PC Financial World Elite Mastercard gives you a much higher earn rate at Loblaws owned stores, Shoppers Drug Mart and Joe Fresh. If you paired that with PC Insiders, you could be rolling in the PC Optimum points. Despite the higher earn rate, this card only benefits you if you shop at stores where you get a higher earn rate. In other words, the PCF World Elite Mastercard won’t benefit you if you do all your shopping on Amazon.

The other comparable card is the Triangle World Elite Mastercard which is targeted at people who do a lot shopping at Canadian Tire, Sports Check, Mark’s and Atmosphere locations. Like the PCFWEMC, the Triangle card is good where you can earn additional points, but it’s pretty basic if you’re shopping on Amazon.

How Amazon Rewards works

Amazon Rewards is pretty simple. There is no expiration date on your points and 2,000 Amazon Rewards will earn you a $20 Amazon.ca gift card.

It’s essentially a cash-back program with nothing extra to it. I personally prefer travel rewards since I can usually claim flights or hotels which have an incredible value, but I certainly understand why some people prefer something simple such as Amazon Rewards.

I also want to note that unlike PC Optimum, Amazon never has any special promotions where you can earn more points on purchases or get more cash-back when you redeem a set amount of points.

Final thoughts

My Amazon.ca Rewards Mastercard review is positive. This is a no-fee card that gets linked to your Amazon account immediately so it’s perfect for those who shop a lot on Amazon. That being said, it lacks many other benefits that some of the best travel rewards credit cards offer and it’s not the best credit card without foreign transaction fees.

Best Credit Cards Canada

 


Amazon.ca Rewards Mastercard Review

11 Comments

  1. Alex on June 18, 2019 at 9:26 am

    Having loved my Chase Amazon.ca Rewards Visa, I was at first excited, then severely disappointed with this card when it came up on my phone this morning. As you outlined, effectively 0 reward on foreign currency (compared with 1.5% on Rogers WE), spend $800 on Amazon to get $20 (vs. PayTM Amazon Reward + Rogers WE spend $347.82 to get $20).

    • Barry Choi on June 18, 2019 at 9:31 am

      Alex,

      I totally agree. I LOVED my old Amazon.ca card from CHASE but all the other credit card providers have released much better cards. This one from MBNA is a bit disappointing. That being said, I suppose 2.5% back on Amazon purchases is good if you shop there a lot.

  2. EM on June 18, 2019 at 9:32 am

    I used to have the CHASE Amazon.ca card and I liked it for the no foreign transaction fee. The rewards were direct statement credits so I guess the only enticement to use Amazon was getting 2% there as opposed to 1% elsewhere. It was a secondary card so it was ok. Since then I got BRIM as a secondary card and so far so good. So I won’t be coming to Amazon.ca with MBNA as I am not a Prime member.

    • EM on June 18, 2019 at 9:35 am

      Also… I liked that it was a VISA as my primary is a Mastercard. Does that make any difference? My thought was try to “diversify” my retail lenders.

      • Barry Choi on June 18, 2019 at 10:55 am

        I wouldn’t worry too much about this being a Mastercard.

        • Csvan on November 4, 2019 at 7:20 pm

          My question is where an I supposed to sign the card? It’s all black except for the white printed card number. If I sign in that, I’ll never see my card number! ‍♀️

  3. Kun on November 5, 2019 at 4:37 pm

    I just received this card. A little confused with the no frills look of it. No name or number on the front of the card, is it a security feature or something. Anyway, a great feature is that Amazon lets you use it right away before you receive the physical card. Paired with Ebates.ca, I am getting 6% off my amazon.ca purchases which add up to a lot. I also have the PC mastercard and triangle card, they make for a big wallet but between the three of them and my Rogers world elite for forex transactions I am covered

    • Andrew on November 26, 2019 at 5:15 am

      Are you sure there’s rental car insurance on it? Never saw this when applying.

      • Barry Choi on November 26, 2019 at 7:41 am

        Hey Andrew,

        Good catch. When I first wrote this review, rental car insurance and common carrier insurance were listed on the website but it’s no longer there. Interesting enough, it still links to MBNA’s generic travel insurance website but it doesn’t say which category the card falls under so I’ve deleted the references for now.

  4. Brandon Mccluskey on April 27, 2020 at 8:42 pm

    How do you link your credit card to your amazon card my amazon account doesn’t have any info on it. I signed up for it and it doesn’t say anything. Also how do I check if my amazon account is linked too my account don’t I type the information first?

  5. Brandon Mccluskey on April 27, 2020 at 8:43 pm

    I typed the wrong email on when I signed up. I changed it but I don’t have an amazon profile.

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