Amazon.ca Rewards Card: A Smart Pick?

When it comes to credit cards, there’s no shortage of options—especially for Canadians. But if you’re an Amazon shopper, the Amazon.ca Rewards Mastercard might’ve already caught your eye. With promises of cashback, no annual fee, and exclusive rewards, it certainly sounds appealing. But how good is it really?

In this guide, we’ll break down the benefits, fees, eligibility requirements, and even a few downsides of this card. We’ll help you decide whether this Mastercard fits your lifestyle or if it’s just another shiny card with limited value.

What Is the Amazon.ca Rewards Mastercard?

The Amazon.ca Rewards Mastercard is a no-annual-fee credit card issued by MBNA, a division of TD Bank Group. It’s designed for people who shop on Amazon.ca or at Whole Foods Market in Canada, offering cash back in the form of points that you can use for future purchases.

Unlike premium travel cards or bank-specific rewards cards, this one focuses on retail. That makes it particularly attractive if you’re already deep in the Amazon ecosystem.

Key Features at a Glance

Let’s start by looking at the main features:

• No annual fee

• 2.5% back in Amazon Rewards for Prime members on Amazon.ca and Whole Foods Market in Canada

• 1.5% back for non-Prime members on the same purchases

• 1% back on all other eligible purchases

• No foreign transaction fees on purchases in other currencies

• Welcome bonus: Get a $20 Amazon.ca gift card instantly upon approval

These features make it clear that the card is most rewarding for Amazon Prime members—and the lack of foreign transaction fees is a big win for international shoppers or frequent travelers.

How Do the Rewards Work?

The rewards structure is relatively simple, which is a huge plus. You earn Amazon Rewards points on every eligible purchase:

• 100 points = $1 to spend on Amazon.ca

• Points are automatically applied during checkout, no minimum redemption required

• You can use your points on millions of products on Amazon.ca

The rewards don’t expire as long as your account is in good standing, which makes it easy to accumulate and redeem without pressure.

Who Benefits the Most From This Card?

To be honest, this card isn’t for everyone. But for the right person, it can offer solid value.

Ideal for:

• Amazon Prime members who shop frequently on Amazon.ca

• Canadians who travel or shop internationally, thanks to no foreign transaction fees

• Online grocery buyers who shop at Whole Foods Market in Canada

• People who want a no-fuss cashback card without an annual fee

Probably not ideal for:

• People looking for travel points or premium card perks

• Shoppers who don’t use Amazon regularly

• Big spenders who might benefit more from cards with annual fees but higher reward tiers

Pros and Cons of the Amazon.ca Rewards Mastercard

Every credit card has its upsides and downsides. Here’s a clear view of both sides to help you weigh the decision:

Pros:

• No annual fee, ever

• Strong rewards for Prime members

• Instant $20 Amazon gift card on approval

• No foreign transaction fees, which is rare for a no-fee card

• Easy reward redemption at checkout

• Accepted everywhere Mastercard is accepted

Cons:

• Limited redemption options—basically only usable on Amazon.ca

• Lower rewards rate for non-Prime users

• No insurance or travel benefits

• Not ideal if you’re not an Amazon regular

Application and Eligibility

Applying for the card is straightforward, and the process is done online through MBNA’s website. To be eligible, you must:

• Be a Canadian resident

• Have reached the age of majority in your province or territory

• Have a fair to good credit score (typically 660 or above)

The approval process is usually quick, and if you’re approved, you’ll receive your $20 Amazon gift card right away in your Amazon.ca account.

Comparing It to Other Canadian Cashback Cards

Let’s be honest—competition in the cashback space is fierce. Here’s how the Amazon.ca Rewards Mastercard stacks up against some popular options:

While the Amazon card may not have the highest rewards overall, it stands out in two key areas: Amazon spending and foreign transactions—without charging an annual fee.

Is It Safe to Use?

Absolutely. The Amazon.ca Rewards Mastercard includes standard security features like:

• Zero Liability Protection from Mastercard

• Fraud alerts

• Online account management through MBNA

You also get optional features like balance protection insurance and the ability to add authorized users.

Is the Amazon.ca Rewards Mastercard Worth It?

If you’re a Canadian who shops on Amazon.ca regularly and holds a Prime membership, then the Amazon.ca Rewards Mastercard is a no-brainer. It’s easy to use, has no annual fee, and gives you more value every time you hit “Add to Cart.”

However, if Amazon isn’t a central part of your shopping life—or if you want more flexibility in redeeming your rewards—other cashback cards may offer better long-term value.

In the end, the best credit card is the one that fits your spending habits and financial goals. The Amazon.ca Rewards Mastercard is a solid choice, but like any tool, it works best in the right hands.

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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