Credit cards are essential for us these days. They help in paying conveniently, using your money properly, give you discounts, bonus points, and allows you to buy things from online shopping portals.  Plastic money has done so much in making our life easy with all this. Almost every bank or financial company is coming up with plastic money of their own trying to attract consumers by offering lucrative rewards and features. But not all of them are good enough for you rather some of them can take you into serious debt trouble.

Among lots of plastic money American express and MBNA are two such cards who have managed to gain confidence of the consumers belonging to different sections of the society. Both of these credit cards serve purpose of two different sections. American express or Amex Canada card is known as the plastic money of the business class or the people who can spend without thinking twice about their monthly budget. Celebrities, socialites, business executives, business hotshots and whoever is millionaire in the country own this credit card.

American express plastic money comes with high credit limit thus the user does not have to worry about the limit while using it to make payments. They do not provide many benefits like cash back points to the user but do have certain protection programs for the customer providing him security for the purchases he does and the money he will pay to the company. To provide best customer services and assured payment, American express charges high annual charges and security charges. Moreover they impose a heavy interest rate on the debt given to the customer, which is not a problem for the user as they have loads of money.

Mbna credit cards are totally different in this regard from American express as they do not have a high credit limit. It is mostly because their users are from moderate income group who has to manage their finances with great difficulty and they cannot handle the additional expenses caused by the high credit limit. Mbna Canada credit cards have low interest rate which is perfect for these people thus they do not have to shed extra bucks from their pockets. Apart from this all the customers will also get reward points like cash back, discount on some purchases, and bonus points which can be redeemed to get desired product.