MBNA Rewards World Elite MasterCard Review

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MBNA Rewards World Elite MasterCard 

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 purchase, cash back 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 cash back. 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. That’s right. 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 low annual fee for the card, i.e. $89.

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 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?


  1. You can earn two points for every dollar spent on eligible purchases
  2. You receive 10,000 bonus points which can be redeemed soon after your first eligible purchase. This welcome benefit alone is worth $100.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. The MBNA Rewards World Elite MasterCard® also offers purchase assurance and extended warranty benefits.

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 cash back 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 annual fee ($89), you won’t find it annoying thanks to the 10,000 welcome bonus points you receive. Overall, the card helps you earn double points on all your purchases and the exciting rewards you earn at the end of the day make this card a useful piece of plastic.

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.


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