American Express Cobalt vs MBNA Rewards Platinum Plus Mastercard

The main difference between the American Express Cobalt and the MBNA Rewards Platinum Plus Mastercard lies in their rewards structure and standout features. While both cards offer attractive perks for Canadian consumers, there are some striking differences that cater to diverse spending habits and preferences.

When it comes to rewards, the American Express Cobalt card is a champion for the foodies and wanderlusters. With a focus on dining and travel, this card dishes out bonus points for restaurant visits and globetrotting adventures. Plus, its flexible points redemption lets you savor the rewards your way. On the flip side, the MBNA Rewards Platinum Plus Mastercard offers a broader approach, showering you with points on everyday purchases, making it a versatile pick for various spending categories.

The fees differ across these cards. While the American Express Cobalt card involves a monthly fee, it offers increased flexibility to recoup its expenses through earned rewards, particularly for individuals who frequently indulge in dining and travel. Conversely, the MBNA Rewards Platinum Plus Mastercard might be attractive to individuals who favor a card with no annual fee and a simpler rewards system.

When diving into introductory offers and bonuses, the American Express Cobalt card delights with a burst of bonus points for hitting spending milestones – a tempting treat for new cardholders. Meanwhile, the MBNA Rewards Platinum Plus Mastercard tempts you with a different kind of bonus, offering a promotional interest rate on balance transfers, a lifeline for those looking to consolidate credit card debt.

Standout features? The American Express Cobalt card showers you with the Monthly Multiplier, a nifty way to supercharge points earned in select categories. In contrast, the MBNA Rewards Platinum Plus Mastercard shines with a price protection feature, ensuring you snag the best deal on your purchases even after swiping your card.

In the end, your choice boils down to your lifestyle and spending habits. Whether you're a jet setter craving travel rewards or a savvy spender seeking a broader rewards spectrum, both cards present appealing options with distinct flavors. It's worth crunching the numbers and considering your preferences to pick the card that suits your financial taste buds