The Platinum Plus MasterCard Rate for Life is issued by MBNA Canada. It is only available to Canadian residents and will provide you with fixed interest rates and common platinum cardholder services. This card has a no annual fee. You’ll benefit from the low introductory AIR on purchases, balance transfers, and cash advances. Transferred balances carry the rate for the life of the balance. The AIR is fixed for all transactions after the introductory rate expires.