Amazon.ca Credit card

Amazon.ca Credit Card – 2020 Review

Shopping made easy with the Amazon.ca Credit Card, it offers some enticing reward that might catch the eyes of a frequent Amazon shopper. Amazon is popularly known as the one-stop online shop for practically everything you need at an affordable price. With a swift service you can bank on, you can order today and get it delivered as soon as tomorrow. These and many more are among the features that have made loyalists stick to Amazon for years.

To ease shopping for customers, Amazon offers several credit cards and these cards mainly help their customers maximize rewards while shopping on their website, Whole Food Market stores, grocery stores, and restaurants. However, as with every credit card, amazon credit cards have their pros and cons. 

In Canada, Amazon offers the Rewards Mastercard that provides great rewards on eligible purchases. If you are a frequent shopper at Amazon.ca and Whole Food Market, this card is certainly great for you.

Eligibility Requirements 

To be eligible for the Amazon Reward MasterCard, you must be a;

  • Canadian resident
  • Be an adult (18 and above) in your province

A good perk about this card is there is no income requirement of an applicant to qualify for the card.

Issuing Bank

The issuing bank of the Amazon.ca Rewards Mastercard is the MBNA, a division of The Toronto-Dominion Bank. The bank is in charge of the administration of the approval process for the Amazon credit card.

Amazon.ca Credit Card Application Process

To apply for your Amazon.ca Rewards Mastercard, take the following steps:

If your application is immediately approved by MBNA, you will receive an email with all of the details of your Amazon credit card account. Also, you can begin to make purchases and earn points without having to wait for the physical card. 

If your application is not approved immediately, you will be informed of your application status after MBNA has completed the review process, usually, it takes within 15 days after application. To know more about your application status, you can call MBNA on 1-888-898-1620.

Amazon.ca Rewards Visa Mastercard 

The new Amazon.ca Rewards Visa Mastercard allows you receive 5% back on shopping at Amazon.ca, Whole Food Market stores, grocery stores, and restaurants in Canada as a welcome offer. This offer lasts for the first six months after your application for the card has been approved or until you have made a total of CA$3000 in eligible purchases during the first six months using the card. 

After the first six months, your rewards made from shopping on Amazon.ca, Whole Food Market stores, grocery stores, and restaurants will revert to every day Earn Opportunities.

Earning Opportunities 

Once the welcome offer ends, if your Rewards Mastercard is linked to an Amazon.ca account with an Eligible Amazon Prime Membership, you will receive 2.5% back on eligible purchases at Amazon.ca, Whole Food Market stores, and on foreign currency transactions. You will also receive 1% back on all other eligible purchases. 

However, if your card is not linked to an Amazon.ca account with an Eligible Amazon Prime Membership, you will only receive 1.5% back on all eligible purchases made at Amazon.ca and Whole Food Market stores in Canada and 1% back on all other eligible purchases.

Cashback rewards are earned as points. They represent the dollar equivalent of points. For instance, 100 points are worth CA$1. If you earn 2.5% on a CA$200 purchase, you earn 500 points which are worth $5 when redeemed as an Amazon gift card.

Earning Opportunities 

Once the welcome offer ends, if your Rewards Mastercard is linked to an Amazon.ca account with an Eligible Amazon Prime Membership, you will receive 2.5% back on eligible purchases at Amazon.ca, Whole Food Market stores, and on foreign currency transactions. You will also receive 1% back on all other eligible purchases. 

However, if your card is not linked to an Amazon.ca account with an Eligible Amazon Prime Membership, you will only receive 1.5% back on all eligible purchases made at Amazon.ca and Whole Food Market stores in Canada and 1% back on all other eligible purchases.

Cashback rewards are earned as points. They represent the dollar equivalent of points. For instance, 100 points are worth CA$1. If you earn 2.5% on a CA$200 purchase, you earn 500 points which are worth $5 when redeemed as an Amazon gift card.

Features of the Amazon.ca Rewards Visa Mastercard 

  • 5% Cash Back

The Amazon credit card offers an amazing welcome offer to first-timers. This offer lasts for 6 months or the first CA$3,000 that you can spend. This means that upon registration you will get an average of CA$150 as a welcome gift.

  • No annual Fees

This is one of the best features of this card. The Amazon.ca Rewards MasterCard has a no annual fee. As an applicant, you do not have to worry about annual fee renewal et al.

  • An extra benefit for Amazon Prime Members

To fully enjoy the Amazon.ca Rewards MasterCard you have to be an Amazon Prime member. This will give you an edge to get the whole rewards that this card brings. You are in luck if you are already an Amazon Prime member, if you are not, you can subscribe. To subscribe to Amazon prime, it will cost you CA$119 every year.

  • 2.5% Cashback for Prime members

Amazon Prime members get a redeeming offer of a 2.5% cashback. This cashback is only valid when you purchase Amazon.ca and Whole Foods Market. As a prime member, you also get this cashback when you purchase something through foreign currency. If you shop in other stores, you will get a 1% cashback, so it is a win-win situation regardless of where you shop.

  • Warranties

For the gift card, look out for warranties. Some products will require you use a single Amazon credit card. While if you are using a gift card for some products, it makes that warranty void. 

It is advisable to use gift cards on products that are guaranteed. Read reviews from people to ensure you are getting the best and won’t need to return. You can double your warranties for p to a year on most new items you purchase using your credit card.

  • Instant Use

The Amazon.ca Rewards MasterCard can be used immediately upon purchase. Unlike other credit cards that you will need to be at your location to start using them. This is like the coolest feature of this card. The application/registration process of this card takes less than a minute to finalize, and you can start using it immediately.

  • Gift cards

Another perk of the Amazon.ca Rewards MasterCard is that you will be eligible to get a CA$20 gift cards for every 2,000 points that you garner. You can use these gift cards at Amazon.ca, it is perfect if you are living in Canada. You can do as you wish with the CA$20 gift card, it can get you a discount while you are grocery shopping and you can gift it to someone.

Payment Method

You can make a payment towards your Amazon.ca Rewards account online via mbna.ca. You can follow the steps below to complete a payment toward your account online:

  • Log in to the online banking app/site 
  • Follow the steps provided to add MBNA Canada Mastercard as a payee
  • Insert your 16-digit credit number to ensure that your payments are billed correctly
  • Then transfer the money from the selected account to the MBNA Canada Mastercard payee to make payments towards the Amazon.ca Rewards Mastercard

Pros of The Amazon.Ca Credit Card

  • No annual fees
  • 1-year extended warranty
  • No extra card fees
  • 90 days of purchase protection 
  • No income requirements

There is no need for an Amazon Prime Membership as you can still enjoy rewards without it, as an Amazon Prime Membership costs $119.99 per year.

Other perks include:

  • Purchase Assurance

Your purchase assurance covers most products bought with your MBNA credit card for the first 90 days from the date of purchase. Each customer is eligible for a total limit of CA$60,000 per account.

  • Emergency Services

You get a 7 – 10 days emergency card replacement service by either delivery or by courier in case of any emergency.

  • Zero Liability

You will not be held responsible for any transaction or purchases made without your authorization. This means that your credit card is safe and secured as long as you do not share your authorizing pin. Note that some conditions apply, you can speak to a customer care representative to know more about this.

  • Customer care support

You can always reach out to a customer care representative for support. Some of the support you can get include:

  • Ticket replacement
  • Pre-trip information
  • Legal assistance
  • Lost document

Cons of The Amazon.Ca Credit Card

The only way you can use your reward is by using them to pay for part or all of your Amazon.ca purchases when checking out, this makes them limited.

Amazon.ca charges a foreign transaction fee of 2.5%, so, if you are using the card for a foreign transaction and you get 2.5% (if you have an eligible Amazon Prime Membership), it is used to offset the foreign transaction fee. Thus, you earn no reward points for that.

Redeeming Points

As soon as your Amazon.ca Rewards MasterCard gets to 2000 points, a CA$50 Amazon.ca Gift card will be automatically added to your Amazon.ca account linked to this credit card. Note, this is usually within two billing cycles. You will be able to see your reward redemption on your next credit card statement. 

Rewards Mastercard Points Balance

There are two alternatives to checking your Amazon.ca Credit card balance. You can check your reward balance yourself by following the steps below:

  • Log in to the MBNA Online Banking at mbna.ca
  • Select your Amazon.ca Rewards Master card account
  • Click on the Rewards tab
  • Proceed to tap on the plus sign beside each transaction you’ve had

Alternatively, you can also view your Amazon.ca Reward Mastercard at mbna.ca, follow the steps below to check:

  • Login to your account and select Amazon.ca Rewards Mastercard account
  • Click on the Rewards tab to view your balance

Points Expiration

Be rest assured that your points are still valid as long as your credit card account is open and in good standing. Bear in mind that if you or MBNA closes the credit card account and there are less than 2,000 points in it, those points will be lost.

Aside the some of the few downsides of this card, the Amazon.ca credit card is a great option for you if you are a frequent shopper on Amazon.ca and Wholesale Food Market Stores in Canada. The welcome offer is quite attractive and the Everyday Earn opportunities will earn you some rewards too. 

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