MBNA Rewards World Elite® MasterCard®

Receive 10,000 Bonus Points††

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Get a $50 gift card from CompareMyRates.ca upon approval

19.99%

bal.trans.: 21.99%
cash.adv.: 24.99%

$89 (waived for the first year)

Receive 10,000 Bonus Points††
Good
(690-719)

MBNA Rewards World Elite® MasterCard® gives you Elite Travel Rewards. 

Receive 10,000 Bonus Points after your first eligible purchase††. That's $100 value when redeemed for cash back

 

Features

  • Earn 2 MBNA Rewards point for every $1 in eligible purchases‡
  • Get 10,000 bonus points after your first eligible purchase††
  • No limit to the points that can be earned in a year, points don’t expire
  • Redeem points for cash back, travel, brand-name merchandise, gift cards from top retailers and charitable donations
  • Enjoy price protection** and concierge services**
  • $89 annual fee (waived for the first year of the account)
  • Take advantage of a credit card that rewards you for who you are.
  • Apply for the MBNA Rewards World Elite® MasterCard® credit card

MBNA Rewards World Elite MasterCard Review

MBNA Rewards World Elite Credit Card If you’re looking for the most luxurious of MBNA’s credit card offerings, the MBNA Rewards World Elite MasterCard would be the best choice. The card is known for its high rewards and strong return on everyday spending.

You don’t have to worry about an expiry date for rewards, annual point limits, tiers or any specific categories. When you have the MBNA Rewards World Elite MasterCard, it’s upon you to choose or decide what to do with your points. Whether you want to redeem them for a gift card, travel, charity, or cash back statement credits, it’s all on you. It’s one of those cards you must have if you’re one of those who wants a straightforward rewards credit card. Probably you’ve been through the frustration of getting stuck with limited rewards redemption options or dealing with special rotating categories. The MBNA Rewards World Elite MasterCard gives you the flexibility you need when it comes to redeeming your rewards.

What are the Features of the MBNA Rewards World Elite MasterCard?

The MBNA Rewards World Elite Credit Card offers a 2% return in the form of MBNA reward points for every purchase you make using the card. You’ll receive a sign-up bonus of 10,000 rewards points as soon as you make your first eligible purchase. That’s a good way to be welcomed on board, right? The 10,000 point bonus is worth $100. Although the credit card usually carries an annual fee of $89, you won’t have to pay this fee in the first year.

The MBNA rewards program involves earning 2 points for every dollar spent on all purchases. This is a straightforward method of earning your rewards. It, therefore, follows that you can accumulate your points so quickly and redeem them when you want for what you need. Note that there are no limits. Every 100 Rewards points are worth $1, and that’s how the 2 percent rewards rate comes up. As indicated earlier, there’s no limit on the number of MBNA rewards points you can accumulate. There’s no expiry date for the rewards points as well.

The fact that you have the flexibility and freedom on how to redeem your points means that you can easily tailor your MBNA rewards program to your preferences as well as to your own needs. The card comes with a minimum rewards redemption of $50. And if you wake up one day and decide to close your account, there’s no restriction on the number of points you can redeem. You can go ahead and redeem all your points.

MBNA Rewards World Elite® MasterCard®

19.99%
$89 (waived for the first year)
Receive 10,000 Bonus Points††
Get a $50 gift card from CompareMyRates.ca upon approval

 

What about the Best value of my points?

Well, when it comes to the value, the best would be the cash options. You better get your points for cash or statement credit and buy your merchandise and gift or pay for your travel. The other options seem to cost more than cash. Try finding out for yourself!

Who should get the MBNA World Elite Mastercard?

First of all, the card is ideal for anyone who wants a simple and straightforward way of earning flexible rewards. However, the MBNA Rewards World Elite Credit Card comes with an annual fee, and you should be able to spend enough every month to offset this fee in the form of rewards. Making this credit card, your primary payment method can be a good choice. Note that your personal income should be at least $70,000 or have a household income of at least $120, 000 for you to be eligible for this credit card.

Benefits of MBNA MasterCard

MBNA Rewards Elite MasterCard offers additional benefits such as purchase protections, extended warranty benefits, and travel benefits. MBNA Purchase Assurance allows you to use your card to purchase a product, but if you find that the same product has been advertised at a lower price within the first 90 days of your purchase, you would be refunded the difference. However, the refund is usually given up to $500. Travel benefits include travel life insurance, legal assistance, lost ticket and document replacement as well as lost luggage replacement.

All these benefits and its features make the MBNA Rewards Elite Credit Card the best travel and cash back credit card in the country. Canadians can enjoy the flexibility and freedom that comes with having this single credit card. As a matter of fact, who doesn’t want to have a card that allows them to tailor the rewards program towards their needs? The card offers multiple benefits that make it the best in the market so far.

 

More Details

  • Rental Vehicle Collision Damage Waiver Benefits**.
  • Purchase Assurance** - Covers eligible items purchased with your MBNA credit card for the first 90 days from the date of purchase.
  • Extended Warranty Benefits** - Doubles eligible warranties for up to one additional year on eligible purchases made with your MBNA credit card.
  • Travel Benefits* - Lost Document and Ticket Replacement, Lost Luggage Assistance, Legal Assistance.

 

Fine Print:

*$89 annual fee (waived for the first year)