Amazon Canada, TD and Mastercard are releasing the Amazon Rewards Mastercard with generous cashback offers.
Amazon Prime members will get 2.5% cashback at Amazon.ca and at Whole Foods Market stores in Canada.
In addition, Prime members will also get 2.5% cashback on foreign currency purchases using the Amazon Rewards Mastercard.
Furthermore, cardholders will receive 1% cashback on all other eligible purchases.
Moreover, as an introductory offer Amazon Rewards Mastercard holders will get 5% back at Amazon.ca grocery stores and restaurants. The introductory offer runs for six months after account is opened, on the first $3,000 in eligible purchases.
The Amazon Rewards Mastercard is contactless-enabled and issued in Canada by MBNA, a division of Toronto-Dominion Bank.
Non Prime members will earn 1.5% back on purchases at Amazon.ca and Whole Foods Market in Canada. Similarly, non-Prime members will receive 1% back on all other purchases.
Amazon Rewards Mastercard: summary of benefits
- Prime members receive 2.5% back on eligible purchases at Amazon.ca, Whole Foods Market and on foreign currency purchases;
- Otherwise 1.5% back at Amazon.ca and Whole Foods Market in Canada;
- 1% back on all other purchases;
- Protection benefits include 90-day purchase assurance coverage, extended warranty and trip interruption coverage, and
- Amazon will give cardholders a $20 Amazon gift card for every 2,000 loyalty points.
Further, there is no annual credit card fee. Finally, there is no annual points cap and no expiration date for points.
“We’re thrilled to be the first Canadian-headquartered bank to issue an Amazon credit card. The Amazon Rewards Mastercard offers valuable and easy-to-redeem rewards for Amazon customers, with extra benefits for Prime members. The simple online application features ‘apply and buy’ technology,” says Katy Boshart, SVP Credit Cards, TD Bank Group.
As a result, approved customers can make immediate purchases on Amazon.ca without waiting for their card to arrive.
Sohil Tiwari, SVP, Market Development, Canada, Mastercard, adds: “We’re excited to be the chosen network for the Amazon Rewards Mastercard. This provides consumers with the fast, simple and secure payment experience that they’ve come to expect with Mastercard and Amazon.”