Dollarwise

Amazon.ca Rewards MasterCard Review

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Mastercard >







Advertising disclosure









{{card.name}} Review







{{ranking}}

★★★★★











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Apply Now ->



















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Annual Fee







{{card.rewards}}





Annual Rewards







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Intro Offer









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Annual fee







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Annual rewards







{{card.introOffer}}





Intro offer
























Pros











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Cons











{{Cons}}













Editorial Note: DollarWise may earn a commission on sales made from partner links on this page.





Performance test results





At DollarWise, for each credit card we test 7 different factors including the rewards, value for money, perks, insurance, strengths and weaknesses of the card.





You can see our full testing methodology here to learn why we're the most trusted source for credit card reviews.





The {{card.name}} has earned a {{ranking}} DollarWise Rating out of 5. This score is based on a weighted average of the two highest scoring factors (excluding acceptance and approval).









{{factor_score_rewards}}

















Rewards











{{factor_score_fee}}

















Fees











{{factor_score_perks}}

















Perks











{{factor_score_interest}}

















Interest rates













{{factor_score_insurance}}

















Insurance











{{factor_score_acceptance}}

















Acceptance











{{factor_score_approval}}

















Approval











The highest scoring categories for the {{card.name}} are {{score_1}} and {{score_2}}.





These factors are weighted 70% to the highest scoring factor and 30% to the second highest score to get an overall review score.





This weighting allows us to judge cards on their merits and the customers they are designed for.





For the {{card.name}} the most important factors for scoring this card are its {{score_1}} and {{score_2}}.





Rewards





With the {{card.name}}, here's the rates at which you earn rewards for different spending categories per dollar you spend:





Bills{{reward_bills}}
Pharmacy{{reward_drug}}
Gas{{reward_gas}}
Groceries{{reward_grocery}}
Restaurants{{reward_restaurant}}
Specific Stores{{reward_store}}
Travel{{reward_travel}}
All Other Spend{{reward_other}}




Calculating your annual rewards





We estimate that spending {{monthlyspend}} per month with the {{card.name}} would earn {{card.rewards}} in rewards over the year.





Our performance testing research uses an accurate estimation of the average Canadian households spending patterns to predict the rewards a card will earn.





We found that you'd earn this per category:





Bills{{bills_dollarrewards}}
Pharmacy{{drug_dollarrewards}}
Gas{{gas_dollarrewards}}
Groceries{{grocery_dollarrewards}}
Restaurants{{restaurant_dollarrewards}}
Specific Stores{{store_dollarrewards}}
Travel{{travel_dollarrewards}}
All Other Spend{{other_dollarrewards}}




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Our study investigating the value found that each dollar spent on the {{card.name}} is worth up to {{card.max_reward}}, depending on how you redeem.





This {{card.rewards}} in rewards value puts the {{card.name}} in the {{decile.annual_rewards}} of credit cards in Canada based on rewards earned.





The average credit card in our database earns {{averages.mean_annual_rewards}} in rewards for the same spend that the {{card.name}} earns {{card.rewards}} in rewards value.





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We can compare this card to other options by looking at the earn rate by category.





This earn rate is the percentage return that you would get when you spend on this card, assuming you redeem at the predicted maximum value.





For example, if a card earned 5 points per dollar on gas and each point is worth up to $0.02, then the earn rate is 5 points multiplied by $0.02 each, divided by the dollar you spent.





In this example, that's a 10% earn rate on gas.





SpendThis CardAverage
Bills{{bills_earnrate}}{{averages.mean_bills_earnrate}}
Pharmacy{{drug_earnrate}}{{averages.mean_drug_earnrate}}
Gas{{gas_earnrate}}{{averages.mean_gas_earnrate}}
Groceries{{grocery_earnrate}}{{averages.mean_grocery_earnrate}}
Restaurant{{restaurant_earnrate}}{{averages.mean_restaurant_earnrate}}
Store{{store_earnrate}}{{averages.mean_store_earnrate}}
Travel{{travel_earnrate}}{{averages.mean_travel_earnrate}}
Other{{other_earnrate}}{{averages.mean_other_earnrate}}
Above, we've calculated the earn rate for the {{card.name}} for every spend category and compared it to the average for all Canadian credit cards.




Redemption methodAnnual rewards
Transfer to partner airlines{{transfer_airlines}}
Fixed points travel{{fixed_points_travel}}
Transfer to partner hotels{{transfer_hotel}}
Redeem for travel{{redeem_travel}}
Apply to statement credit{{statement_credit}}
Ticketmaster{{ticketmaster}}
Charity{{charity}}
Gift cards{{gift_cards}}
Amazon.ca{{amazon}}
Merchandise{{merchandise}}
Make investments{{investments}}
Enjoy experiences{{experiences}}
Car rentals{{car_rental}}
Vacations{{vacation}}
Attractions{{attractions}}
Cash rewards{{cash_rewards}}
Grocery rewards{{grocery_rewards}}
Restaurant rewards{{restaurant_rewards}}
Movie rewards{{movie_rewards}}
Apple / BestBuy{{apple_bestbuy}}
Flight rewards{{flight_rewards}}
Airlines Rewards (Charts){{airlines_rewards_chart}}
CIBC financial products{{cibc_financial_products}}
Air travel - redemptions (scheduled){{air_travel_redemptions_schedule}}
RBC travel{{rbc_travel}}
Transfer to WestJet{{transfer_westjet}}
Transfer to Hudson Bay{{transfer_bay}}
RBC financial products{{rbc_financial_products_rewards}}
Air Canada gift cards{{aircanada_gift_card}}
Air Canada vactions{{air_canada_vacations}}
Electronics gift cards{{electronics_gift_cards}}
Cash - World Elite{{cash_worldelite}}
Cash - Platinum Plus{{cash_platinumplus}}
Banking plans{{banking_plans}}
Desjardins financial products{{desjardins_financial_products}}
Expedia travel{{expedia_td}}
Educational rewards{{education_rewards}}
HSBC financial products{{hsbc_financial_products}}
Walmart{{walmart_rewards}}
Triangle (Canadian Tire){{triangle_rewards}}
Meridian travel{{meridian_travel}}
Direct deposit{{direct_deposit_rewards}}
Costco gift cards{{costco_gift_cards}}
Wireless Rogers rewards{{wireless_rogers_rewards}}
1 Rogers rewards{{1_roger_rewards}}
Other Rogers rewards{{other_roger_rewards}}
Other 1 Rogers rewards{{other_1_roger_rewards}}




For an annual spend of {{annualspend}}, we estimated annual rewards value at up to {{total_net_rewards}}.





That's equivalent to a {{total_earn_rate}} return on spending.





The {{card.name}} has an annual fee of {{card.annualFee}}. After deducting this, we predicted net annual rewards of {{net_after_fee}}.





This puts it in the {{decile.net_annual_rewards}} of credit cards for net rewards after fees.





In comparison, the average card earns net annual rewards of {{averages.mean_net_annual_rewards}}.





Fees





The {{card.name}} has a {{card.annualFee}} annual fee.





The average card charges {{averages.mean_annual_fee}}. So, the {{card.name}} is in the {{decile.annual_fee}} of cards based on the cost of the annual fee.





Perks





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We manually review the perks of each credit card to determine how they compare to other cards.





The {{card.name}} scored a {{factor_score_perks}} out of 5 for perks, putting it in the {{decile.factor_score_perks}} of cards.





The average card scores {{averages.mean_factor_score_perks}} out of 5 for perks.





Interest Rates





Purchase{{purchase_interest_rate}}%
Cash Advance{{cash_advance_interest_rate}}%
Balance Transfer{{balance_transfer_interest_rate}}%




The average (median) credit card has a purchase interest rate of {{averages.median_purchase_interest_rate}} and so the {{card.name}} charges {{purchase_interest_diff}} than the average.





For cash advances it costs {{cash_advance_interest_rate}}% compared to the average of {{averages.mean_cash_advance_interest_rate}}.





Testing the {{card.name}} with a $2,000 starting balance, you can see in the graph how the {{purchase_interest_diff}} in interest rates impacts the interest over a year, compared to the average card.





Insurance coverage





InsuranceThis CardAverage
Extended Warranty{{warranty}}{{averages.median_warranty}}
Purchase Protection{{purchase_protection}}{{averages.median_purchase_protection}}
Travel Accident{{travel_accident}}{{averages.median_travel_accident}}
Emergency Medical Term{{emergency_medical_term}}{{averages.median_emergency_medical_term}}
Emergency Medical over 65{{emergency_medical_65}}{{averages.median_emergency_medical_65}}
Trip Cancellation{{trip_cancellation}}{{averages.median_trip_cancellation}}
Trip Interruption{{trip_interruption}}{{averages.median_trip_interruption}}
Flight Delay{{flight_delay}}{{averages.median_flight_delay}}
Baggage Delay{{baggage_delay_insurance}}{{averages.median_baggage_delay_insurance}}
Lost or Stolen Baggage{{stolen_baggage}}{{averages.median_stolen_baggage}}
Event Cancellation{{event_cancel}}{{averages.median_event_cancel}}
Rental Car Theft & Damage{{rental_theft_damage}}No
Rental Car Personal Effects{{rental_personal}}{{averages.median_rental_personal}}
Rental Car Accident{{rental_accident}}{{averages.median_rental_accident}}
Hotel Burglary{{hotel_burglary}}{{averages.median_hotel_burglary}}
Mobile Phone Insurance{{mobile_insurance}}{{averages.median_mobile_insurance}}
Personal Effects Insurance{{personal_effects}}{{averages.median_personal_effects}}
Price Protection Insurance{{price_protection}}{{averages.median_price_protection}}




We scored it {{factor_score_insurance}} out of 5 for insurance.





It offers {{insurance_count}} types of insurance, whereas the average card has {{averages.insurance_count}} types of coverage.





Approval and qualifying







Do I qualify?
Estimated Credit Score{{credit_score_low}} - {{credit_score_high}}
Personal Income{{personal_income}}
Household Income{{household_income}}






Fees
Annual Fee{{card.annualFee}}
Extra Card Fee$0
Card type{{card_type}}






We scored it {{factor_score_approval}} out of 5 for approval.





We predict that you will require a credit score of at least {{credit_score_low}} to qualify for the {{card.name}}, while the average card requires {{averages.mean_credit_score_low}} to qualify.





This puts it in the top {{decile.credit_score_low}} of cards by approval difficulty.





The personal income requirements are {{personal_income}}, while the average card requires {{averages.mean_personal_income}}.





This puts it in the {{decile.personal_income}} of cards by the income required to qualify.





The Amazon.ca Rewards Mastercard credit card is a popular option for Canadians looking to optimize their online shopping experience. Let’s dive into its earning potential, list four benefits and two drawbacks of using this card, and touch on any other relevant information that might be helpful to potential users.





Earning potential with the card:





The Amazon.ca Rewards Mastercard allows users to earn cash back in several different spending categories. Cardholders earn 2.5% cash back on eligible purchases at Amazon.ca, Amazon.com, Whole Foods Market stores, and travel booked on Amazon.ca. For all other eligible purchases, cardholders will earn 1% cash back.





The cashback rewards can be redeemed as statement credits, applied towards eligible Amazon.ca purchases, or as cash rewards in the cardholder’s bank account.





Benefits






  1. No Annual Fee: One of the most attractive features of the Amazon.ca Rewards Mastercard is the absence of an annual fee. Cardholders can enjoy its perks and rewards without worrying about offsetting the cost of a yearly fee, making it a budget-friendly option.




  2. Amazon Prime Membership Discount: This card offers an additional benefit for Amazon Prime members. If you are a Prime member, you will earn 2.5% cash back instead of the standard 1.5% cash back on eligible Amazon.ca and Whole Foods Market purchases.




  3. Travel Rewards: Cardholders can earn an attractive 2.5% cash back on travel purchases made through Amazon.ca, making the card an appealing choice for those who frequently book their trips online.




  4. No Foreign Transaction Fees: Another significant advantage of the Amazon.ca Rewards Mastercard is the lack of foreign transaction fees. This makes it an ideal card for those who travel internationally or make purchases in currencies other than Canadian dollars, as there will be no additional cost for doing so.





Drawbacks






  1. Limited Redemption Options: A considerable drawback of this card is that the cashback rewards can only be redeemed as statement credits, eligible Amazon.ca purchases, or as cash rewards in the cardholder’s bank account.

    This may not be ideal for some users who prefer a wider range of redemption options, such as gift cards or merchandise.




  2. No Travel Insurance: Though the card offers cashback rewards on travel bookings, it does not come with any travel insurance benefits. Canadians seeking protection for their trips might find this exclusion disappointing.





Additional information:





In conclusion, the Amazon.ca Rewards Mastercard credit card is a suitable choice for Canadians who frequently shop on Amazon.ca or seek a budget-friendly card with no annual fee or foreign transaction fees. However, it may not be the best option for those who prioritize travel insurance or a broader selection of reward redemption options.





Interested in other credit cards? Canadians that like the Amazon.ca Rewards Mastercard credit card also like the Brim World Elite Mastercard. If you’re looking for other options you should consider the Rogers World Elite MasterCard, and the KOHO Essential Mastercard.





FAQ







With the Amazon.ca Rewards Mastercard, you can redeem your points for a wide variety of options, such as:






  • Amazon.ca purchases: You can use your points to directly pay for your purchases on Amazon.ca, either partially or in full.




  • Travel: Redeem your points for various travel-related expenses like flights, hotels, and car rentals through Mastercard’s Pay with Rewards portal.




  • Gift cards: You can choose from a wide selection of gift cards available in the Pay with Rewards portal, including major retailers, restaurants, and more.




  • Statement credits: You also have the option to redeem your points for statement credits, helping to reduce your credit card balance.




  • Charitable donations: If you prefer, you can redeem your points for charitable donations to the organizations available in the Pay with Rewards portal.







The Amazon.ca Rewards Mastercard credit card offers a competitive feature in terms of foreign transaction fees. Cardholders of this particular card enjoy no foreign transaction fees when making purchases abroad or in a foreign currency.





This means that whether travelling or shopping on international websites, users can benefit from using the Amazon.ca Rewards Mastercard without worrying about incurring additional costs for currency conversion or foreign transactions.







The Amazon.ca Rewards Mastercard does not have a minimum income requirement, making it accessible to a wide range of Canadian cardholders.







Key benefits






  • 2.5% cash back for eligible purchases at Amazon.ca, Whole Foods Market, and Amazon Prime membership




  • 1% cash back on all other purchases with no cap




  • Welcome offer: 5% back on Amazon.ca, grocery stores, and restaurants in the first 6 months (up to $3,000 spend)




  • Introductory balance transfer rate of 1.99% for first 6 months




  • Mobile device insurance up to $1,000 coverage




  • Access to Mastercard Travel Rewards program




  • Support for mobile wallet payments (e.g., Apple Pay, Google Pay)




  • Zero liability protection against unauthorized purchases




  • Optional Priceless Cities experiences through Mastercard




  • Minimum credit limit of $700




  • Applicant needs to reside in Canada and have a Canadian credit file



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