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  • $120 Annual fee
  • 30,000 pts Welcome Bonus
  • 5 pts Every $1 Spent

MBNA Rewards World Elite Mastercard Overview

The MBNA Rewards World Elite Mastercard has much to offer, from comprehensive insurance to flexible rewards. With this card, you’ll be earning 5 points for everyday purchases.

New cardholders can earn up to 30,000 points within the first three months of account opening. Points earned can be redeemed for:

  • Travel
  • Cashback
  • Charitable donations
  • Brand-name merchandise
  • Gift cards
  • Statement credits

The MBNA Rewards World Elite Mastercard comes with several exclusive perks. This includes a birthday bonus, savings on Avis and Budget car rentals, and a price protection service.

Since it’s a World Elite Mastercard, you’ll have access to World Elite benefits. This includes a complimentary concierge service and Mastercard Priceless Cities.

Essential Information

Network

Mastercard

Provider

MBNA

Card Type

Travel

Rewards

The MBNA Rewards World Elite Mastercard has an exciting welcome offer and high earning rates.

Welcome Bonus

New holders of the MBNA Rewards World Elite Mastercard receive:

  • 20,000 bonus points for eligible net purchases of $2,000 made within the first 90 days of owning the card
  • 10,000 additional points once you sign up for paperless e-statements within the first 90 days of owning the card

Points

Whenever you use your MBNA Rewards World Elite Mastercard, you will earn:

  • 5 points for every $1 spent on eligible groceries, dining, subscriptions, memberships, and utility payments
  • 1 point for every $1 spent on everything else

Travel Insurance

Your MBNA Rewards World Elite Mastercard will provide the following coverage:

  • Travel Medical Insurance – provides coverage of up to $2 million for the first 21 days of your travels. It applies to insured persons under the age of 65.
  • Delayed and Lost Baggage Insurance – if your baggage is delayed for over 4 hours or lost, you get up to $1,000 in coverage.
  • Flight/Trip Delay Insurance – if your flight is delayed for over 4 hours, you get up to $500 in coverage for accommodation and meals.
  • Mobile Device Insurance – up to $1,000 in coverage for eligible mobile devices. If your mobile device is stolen, lost, accidentally breaks, or experiences a mechanical breakdown, this protects you.
  • Rental car collision loss/damage insurance – provides coverage for up to 31 consecutive days for eligible car rental damage.

Other Perks

  • Price protection for 60 days, with a refund of up to $500 per item and $1000 per account.
  • Birthday points amount to 10% of the total points earned 12 months before your birthday month. The maximum you can receive each year is 15,000 points.
  • The MBNA Payment Plan allows you to make monthly payments on $100 and more purchases. You can choose a 6, 12, or 18-month payment term.
  • Access to emergency services such as card replacement.
  • Concierge service for booking travel, making dinner reservations, and buying tickets for shows or concerts.
  • Contactless payments at participating merchants with Mastercard® contactless.
  • No liability for unauthorized purchases made with your card online, in-store, or over the phone, thanks to Mastercard® Zero Liability.

Costs and Fees

  • Annual fee: $120
  • Additional card fee: $50
  • Interest rates for purchases: 19.99%
  • Balance transfer and access cheque interest rate: 22.99%
  • Interest rates for cash advances: 24.99%

FAQ

Is This Card Available to All Canadians?

No. The MBNA Rewards World Elite Mastercard is not available for Quebec residents.

Should I Get the MBNA Rewards World Elite Mastercard?

You will find value in owning this card if you want to earn and redeem rewards without redemption restrictions. It’s also a good fit if you don’t want to change your spending habits.

How Do I Qualify for the MBNA Rewards World Elite Mastercard?

To be approved for the MBNA Rewards World Elite Mastercard, you must:

  • Be a Canadian resident
  • Meet the minimum income requirements
  • Be the age of majority in your province or territory of residence
  • Have a credit score of over 660

What Are the Income Requirements for the MBNA Rewards World Elite Mastercard?

You must earn a personal income of over $80,000 annually or have an annual domestic income of $150,000 or more.

When Does the Welcome Bonus Expire?

MBNA may amend or cancel the offer at any time without prior notice.

How Many Points Can I Earn With This Card?

The MBNA Rewards World Elite Mastercard offers the following points:

  • 5 points for eligible dining, groceries, digital media, memberships, and utility bill payments
  • 1 point on every other purchase

What’s the Maximum Spending Amount for the Eligible Categories?

You’re limited to spending $50,000 annually on the eligible categories.

Do My MBNA Rewards Points Expire?

No, given your account is open and in good standing.

What Can I Redeem My Points For?

You can redeem your points for travel, statement credits, gift cards, brand-name merchandise, and cashback. Redeeming your points for travel through MBNA rewards offers the most value. For every $1 spent on travel, you will use 100 points.

How Do I Redeem My Points?

You can redeem your points through MBNA rewards.

MBNA Rewards World Elite Mastercard Details

Provider
MBNA
Network Provider
Mastercard
Card Type
Balance Transfer, Rewards
Rewards Type
Points, Travel
Annual Fee
$120
Purchase Interest Rate
19.99%
Cash Advance Rate
24.99%
Balance Transfer Rate
22.99%
Credit Needed
Fair (560 - 659)
                                                                                                                    

MBNA Rewards World Elite Mastercard Offices

Phone Number
1-888-876-6262
Email
customerrelations@td.com
Hours
Monday to Sunday, 7 am to 12 am EST
Website
https://www.mbna.ca/en
Address
1600 James Naismith Drive Ottawa ON K1B 5N8 Canada
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MBNA Rewards World Elite Mastercard Card Details
  • Min. Credit :
    Fair (560 - 659)
                                                                    
  • Card Type : Balance Transfer, Rewards
  • Reward Type : Points, Travel
  • Providers : MBNA
  • Network Provider : Mastercard
MBNA Rewards World Elite Mastercard Social Media
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Characteristics
  • Bonuses
  • Rewards
Experience
  • Service
  • Usability

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