Who this card is for
A good fit if you…
- Households that already check out on Amazon.ca often enough that a cobrand rate beats a generic 1% Mastercard on that slice of spend.
- Prime members who will also use Whole Foods Market Canada, because the card’s features currently say earn is higher with eligible Prime on both banners.
- People who want a $0 annual fee Mastercard they can use at Costco and small merchants that still skip American Express.
- Anyone who pays the balance in full. The purchase rate is a typical rewards rate, not a reason to keep this card.
Skip it if you…
- Shoppers who barely use Amazon.ca. A 1% catch-all with no signup bonus is a weak everyday card next to Tangerine’s chosen 2% categories.
- People chasing PC Optimum, Canadian Tire Money, or 4–5% supermarket cash back. This cobrand does not pay those programs.
- Applicants who wanted a rich welcome offer. None is currently listed.
- Anyone who will revolve a balance. Amazon rewards will not outrun interest.
Pros and cons
Pros
- No annual fee, so the card does not have to beat a $120 bank membership every January.
- Elevated earn on Amazon.ca and Whole Foods Market Canada is the whole point of a cobrand — especially with eligible Prime, which the card’s features call out as the higher tier.
- 1% on other eligible purchases is a usable catch-all while you wait for a better category card to take the rest of the wallet.
- Mastercard acceptance includes Costco Canada and grocers that still refuse American Express.
- Additional cards currently show $0, which is friendlier than most cobrands if a partner also shops Amazon.
Cons
- Outside Amazon.ca and Whole Foods, you are on 1%. Groceries at Loblaws, Canadian Tire, or a random grocer do not get a cobrand bump.
- This card currently lists no welcome bonus, detailed offer, dollar value, or eligibility text. Year-one value is just the earn rate.
- No specific eligibility terms are listed. MBNA will still run a credit check.
- Check the issuer’s site for current insurance coverage. Do not assume purchase protection from the Amazon name.
- Rewards live in Amazon.ca’s program, not Aeroplan or cash back you can send to any bank account. If you stop shopping Amazon, the pile is awkward.
Fees and value: is the annual fee worth it?
First-year snapshot (estimate)
- Annual fee
- $0
- Estimated welcome bonus value
- Not listed
- Bonus minus fee (estimate)
- —
This is a simple comparison of the estimated welcome-bonus value against the annual fee. It ignores rewards on spending, credits you have to remember to use, and interest if you carry a balance. Offers change — verify with the issuer.
The annual fee currently listed is $0, so there is no fee-versus-bonus equation to win unless MBNA later adds a welcome offer. Ask a simpler question: is Amazon.ca (and Whole Foods, if you use it) a large enough bill that a cobrand rate beats parking that spend on a 2% category card or a 1% flat card?
If yes, and you already pay for Prime, this Mastercard is a straightforward extra card. If Amazon is a once-a-month order, Tangerine or a grocery cash-back card will usually earn more on the rest of life.
The first-year snapshot on this page will look empty on the bonus side because no welcome bonus is currently listed — that is correct. Offers change.
Pay in full.
Rewards and earn rates explained
Rewards program: Amazon.ca Rewards
You earn Amazon.ca Rewards, not MBNA points you can transfer to an airline. The current features describe elevated rewards on Amazon.ca and Whole Foods Market Canada, with a higher rate when you have eligible Amazon Prime, and 1% on other eligible purchases.
Merchant coding still matters: a third-party Marketplace seller, a Whole Foods that processes oddly, or an Amazon purchase billed through a third-party app can miss the cobrand rate. Redeem toward Amazon.ca shopping as the program defines it.
Put Amazon and Whole Foods here; put supermarket banners on a grocery card and Canadian Tire on Triangle.
Welcome bonus: how to unlock it
No welcome bonus is currently listed for this card.
This card currently lists no welcome bonus, detailed offer, dollar value, or eligibility text. Treat that as “none on file,” not as a hidden gift-card dump. If Amazon or MBNA is running a limited-time statement credit on the application page, use that page.
FAQ
Is the Amazon.ca Rewards Mastercard worth it in 2026?
It is worth it when Amazon.ca (and Whole Foods, with Prime) is already a major bill and you want a $0 Mastercard for that spend. It is not worth it as your only card if groceries, gas, and dining dwarf Amazon.
Do I need Amazon Prime for this card?
The card’s features currently say earn is higher on Amazon.ca and Whole Foods with eligible Prime, but they do not say Prime is required to hold the card. Confirm on the live application. Without Prime you still get a cobrand rate versus 1% elsewhere — just not the top tier.
Who issues the Amazon.ca Rewards Mastercard?
MBNA, not Amazon and not a Big Five bank. That is why this review sits with MBNA products. Customer service, statements, and credit decisions are MBNA’s.
Amazon.ca Rewards Mastercard vs Tangerine Money-Back?
Tangerine lets you pick 2% categories and currently lists no welcome bonus either. Choose Amazon’s cobrand if Amazon.ca is the category that would have been one of those 2% buckets. Choose Tangerine if groceries and gas are larger than the Amazon order.
Does this card work at Costco?
Costco Canada accepts Mastercard, so this product can go through at the warehouse. It will earn the 1% catch-all there, not the Amazon.ca rate. For Costco gas and in-club spend, compare the CIBC Costco Mastercard if you hold a membership.
Compare related cards and guides
More Canadian credit card lists that match this product, plus a few cards people usually compare it with.
- Tangerine Money-Back Credit Card review · Tangerine · $0 annual fee
- CIBC Costco Mastercard review · CIBC · $0 annual fee
- Rogers Red World Elite Mastercard review · Rogers Bank · $0 annual fee
