MBNA Rewards World Elite MasterCard

The MBNA Rewards MasterCard combines more types of rewards and benefits which you can adapt to your specific needs. This credit card has a reward system for every payment, calculated in points: for each $1 you earn 1 MBNA Rewards point. When you make your first eligible purchase, you receive 5,000 MBNA Rewards points, equivalent to $50. You can use your points for travel, merchandise or even cash back.

Card Best Suited For

To apply for this premium credit card, you need to be a Canadian resident of legal age, living in your territory or province of residence. Your personal annual income needs to be greater than C$80,000. Alternatively, your yearly household income must be greater than C$150,000. The recommended credit score for this credit card offer is 660+.

The MBNA Rewards World Elite Mastercard offer is unfortunately not available for Quebec residents.

If you fulfill all the conditions above, this could easily be your best credit card choice. In general, this is a great deal for everyone who loves earning and redeeming rewards without changing their spending habits. If you’re a passionate money saver, you’ll love the Price Protection offer included in the plan. If you make a purchase with your card and find that exact product at a lower price elsewhere, you can get the price difference refunded to your account!

If you’re an avid traveler, also consider getting this card for its generous travel reward system. When it comes to travel benefits, this offer includes a lost document or ticket replacement and lost luggage protection. The travel insurance plan covers carrier accidents, impromptu home returns, and personal effects.

Reward Type

With this card, you get two points for every dollar spent on eligible purchases. You’ll get the most value for redeeming your points for travel through the MBNA Rewards – booking flight tickets, hotels, and more. If you do, each point will be worth one cent, which gives you a return of 2%. This makes it one of the best traveling deals you can find on the market. When you redeem your points through MBNA Rewards for travel purposes, 100 points are equivalent to one dollar. However, if you redeem them for cashback against a statement, then 120 points will be worth one dollar.

Signup/Welcome Bonus Offers

After applying for the MBNA Rewards World Elite Mastercard, you can receive up to 30,000 signup bonus points, which equals an estimated C$300 in cash. You’ll receive the first 20 000 points (C$200 in travel value) for spending C$2,000 on eligible purchases within the first 90 days. You get the remaining 10,000 points (C$100 in travel value) for enrolling for the paperless e-statements within 90 days of setting your account.

Your first annual fee is practically waived off, thanks to the generous signup bonus system you get when applying for this credit card.

Still, figuring out which is the right credit card for you? Well, it’s time to discover The MBNA Rewards World Elite MasterCard® – a credit card that offers the best value when it comes to purchasing, cashback and travel.

This all-in-one credit card is like having more than one card in your wallet. The points you earn can be used for buying gift cards, merchandise, travel perks and even cashback. The best thing about the MBNA Rewards World Elite MasterCard® credit card is that your points never expire.

It’s fairly easy to start earning points with The MBNA Rewards World Elite MasterCard®. You can earn 2 points for every dollar spent on purchases and there are no limits. Here’s some more good news. If you spend $15,000, you have the chance to earn 30,000 points and then redeem for cash back at full value. There are no premium credit cards that give you the chance to redeem points at full value.

When you try the MBNA Rewards World Elite MasterCard® for the first time, you get a 10,000 point welcome bonus, which is worth $100. This welcome bonus alone justifies the lo, $89 annual fee for the card.

The MBNA Rewards World Elite MasterCard® Benefits you need to know

As stated earlier, every dollar you spent helps you earn 2 points. These points can be redeemed for cash back and travel.

If you decide to use your The MBNA Rewards World Elite MasterCard® points for travel, there’s an option to book your own travel or choose plans by browsing through MBNA‘s own travel centre. On the other hand, if you want to redeem points for cash back, things couldn’t get easier. Your cash back can be applied as statement credit or can be directly deposited into your bank account.

What makes The MBNA Rewards World Elite MasterCard® stand out from the other Elite credit cards out there?

  • You can earn two points for every dollar spent on eligible purchases.
  • You receive 10,000 bonus points which can be redeemed soon after your first eligible purchase. This welcome benefit alone is worth $100.
  • There is no limit to the number of points you can earn. What’s even better is the fact that your earned points do not expire.
  • The MBNA Rewards World Elite MasterCard® comes with a small annual fee, i.e. $89 but it isn’t a bad offer considering the travel, purchase and cash back perks you get.
  • As a MBNA Rewards World Elite MasterCard® cardholder, you are eligible for price protection. This means if you make a purchase with your credit card and find the same product selling for a lower price within 60 days (of purchase), you can get a refund up to $500.
  • All MBNA Rewards World Elite MasterCard® cardholders get rental vehicle collision waiver benefits. Plus there are lucrative travel benefits including lost document and ticket replacement, lost baggage assistance as well as legal assistance.
  • The MBNA Rewards World Elite MasterCard® also offers purchase assurance and extended warranty benefits.
  • Earn two reward points for each dollar spent on eligible purchases and redeem them for travel, cash back against a statement, gift cards, and more. On top of that, your points never expire – use them when you want, how you want.
  • Add up to nine authorized users with no extra cost for each authorized user.
  • Pay for eligible C$100+ purchases in 6, 12, or 18 monthly installments and manage your budget with the brand-new MBNA Payment Plan.
  • Rent a car worry-free with car rental collision insurance

Is the Freedom and Flexibility worth it?

This The MBNA Rewards World Elite MasterCard® is the perfect credit card for those of you who want to earn exciting rewards while paying a small annual fee. You will receive 10,000 bonus points right after your first eligible transaction on the credit card and this is $100 value if redeemed for travel or cash back.

All eligible purchases help you earn 2 reward points for every dollar spent. And you don’t have to worry about your points expiring. That’s right. You can accumulate unlimited points and redeem them at any day, time you find convenient.

Like all other MBNA cards, The MBNA Rewards World Elite MasterCard® also gives you additional benefits such as price protection, purchase protection, concierge services and more.

Redemptions with MBNA Rewards World Elite MasterCard® are a breeze and you can redeem rewards as and when you like. You have the option to redeem points as a statement credit or direct deposit into your account.

If you look at the travel perks, you would find that the card doesn’t have the strongest travel insurance. However, the basic benefits you get in addition to the high reward rates of 2% and flexible redemption make up for it.

Interestingly there are no Canadian credit cards that offer cashback higher than 2% on all eligible purchases that too without any limits. Simply put, no credit card offers you flexibility and convenience like The MBNA Rewards World Elite MasterCard®. This credit card ensures that you can redeem the points whenever you want it for the best possible value.

Am I Eligible for the MBNA Rewards World Elite MasterCard®?

In order to be eligible for The MBNA Rewards World Elite MasterCard®, your annual personal income must be greater than $70,000. You can qualify for The MBNA Rewards World Elite MasterCard® if your annual household income is greater than $120,000.

On the other hand, you need to be a legal resident with no history of bankruptcy or poor payments. The standard rates for MBNA Rewards World Elite MasterCard® are:

  • 99% for purchases
  • 99% for balance transfers
  • 99% for cash advances

The Final Verdict

The MBNA Rewards World Elite MasterCard® is the ideal rewards card for those of you who love to make regular purchases with their credit cards. Yes, if you prefer swiping your credit card often, The MBNA Rewards World Elite MasterCard® is the best card to earn more rewards on your spending.

Although this card has an $89 annual fee, you get 10,000 welcome bonus points you receive. Overall, the card helps you earn double points on purchases. The exciting rewards you earn at the end of the day make this card very useful.

Presently The MBNA Rewards World Elite MasterCard® is one of the best offers when it comes to “flexible” and convenient rewards in the marketplace. So what are you waiting for? Get your MBNA Rewards World Elite MasterCard® credit card today.

9 Total Score
MBNA Rewards World Elite MasterCard

PROS
  • A 90-day purchase assurance for eligible items.
  • Flexible redemption options – cashback, travel, gifts, and more.
  • Price protection with a price difference refund.
  • Extended warranty benefits for up to one year.
  • Reward points that never expire.
  • Rental collision insurance.
CONS
  • A 90-day purchase assurance for eligible items.
  • Flexible redemption options – cashback, travel, gifts, and more.
  • Price protection with a price difference refund.
  • Extended warranty benefits for up to one year.
  • Reward points that never expire.
  • Rental collision insurance.




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