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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
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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.
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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%

FAQs about the
MBNA Rewards World Elite Mastercard

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.

General Terms

‡ These are highlights of the credit card rewards program (the "Program") associated with this credit card account. Points will be awarded on eligible transactions charged to your account as set out in the Program terms and conditions. The account will earn five (5) points per dollar spent on eligible restaurant, grocery, digital media, membership, and household utility purchases until you spend $50,000 annually (per calendar year) in the applicable category. Other eligible purchases will earn a Base Earn Rate of one (1) point per dollar. Each year, the account will receive Birthday Bonus Points equal to 10% of the total number of Points the account earned in the 12 months before the month of the primary cardholder's birthday, to a maximum Birthday Bonus each year of 15,000 Points. The Birthday Bonus Points will be added to the account before the end of the primary cardholder's birthday month. The redemption rate for Points earned may differ depending on the redemption option chosen. Complete terms and conditions describing Program eligibility, accrual, earn limits, and redemption of Points, and other important conditions will be sent after your account is opened. Please read the terms and conditions carefully upon receipt. †† To qualify for this offer, an applicant must be approved for the specific credit card account described in the offer. Welcome bonus of 20,000 points will be awarded if $2,000 in eligible Purchases are made on your Account within the first 90 days of account opening that are not subsequently rescinded, the subject of a charge back request(s) or otherwise disputed. In order to obtain a "Paperless Bonus" of 10,000 bonus points, you must enroll in online banking at www.mbna.ca and consent to Paperless Statements for the account within the first 90 days of account opening, and not subsequently rescind such enrollment throughout this period. Please allow 8-10 weeks for the applicable bonus points to be posted to your points account. Limit one-time bonus point offer (no cash value) per new account for each bonus point offer. This offer is not available to residents of Quebec. This promotion is offered by MBNA and may be amended or cancelled at any time without notice. ✪ BALANCE TRANSFERS Balance transfers will be fulfilled in the order listed and are treated as balance transfers in accordance with your Account Agreement. The total value of balance transfers cannot exceed your authorized credit limit. If the value is greater, MBNA may send a partial payment to the named creditor/designated account. THERE WILL BE A TRANSACTION FEE EQUAL TO 1.00 % OF THE DOLLAR AMOUNT OF EACH BALANCE TRANSFER INITIATED WITH THIS APPLICATION. A MINIMUM FEE OF $7.50 WILL APPLY TO EACH BALANCE TRANSFER TRANSACTION. A balance transfer may not be used to pay off or down your account balance or any other balances with us (including our affiliates, which would include any member of the TD Bank Group). B Underwritten by TD Home and Auto Insurance Company. Car rentals must be charged in full to the Card and the rental period cannot exceed 31 consecutive days. The rental agency’s Collision Damage Waiver (CDW) coverage must be declined by the Cardholder. Please note, in some jurisdictions, rental agencies may require you to purchase the CDW coverage from them — it is important to call before booking your car rental to confirm their insurance requirements. Refer to the "Rental Vehicle Benefits" section of your MBNA Guide to Coverage document for rental exclusions and further details. C Underwritten by TD Life Insurance Company. Medical and claims assistance, claims payment and administrative services are provided by our Administrator. Benefits, features and coverages are subject to conditions, limitations and exclusions, including a pre-existing condition exclusion, that are fully described in the Certificates of Insurance included with your MBNA Guide to Coverage. Note that this insurance offers different benefits, with different terms and conditions, then the optional Travel Medical Insurance that may be medically underwritten and is available for purchase to all TD customers, which you may be eligible to top up with. The day of departure from and the day of return to your province or territory of residence each count as one full day. Individuals 65 years of age and above are ineligible for coverage. D Underwritten by TD Home and Auto Insurance Company. To be eligible for this coverage, the full cost of your trip must be paid for using your MBNA Credit Card. Benefits, features and coverages are subject to conditions, limitations and exclusions that are fully described in the Certificate of Insurance included with your MBNA Guide to Coverage. E Underwritten by TD Home and Auto Insurance Company. To be eligible for this coverage, at least 75% of your trip cost must be paid for using your MBNA Credit Card. Benefits, features and coverages are subject to conditions, limitations and exclusions that are fully described in the Certificate of Insurance included with your MBNA Guide to Coverage document. F This is not an insurance benefit but assistance services only. The services are provided by our Administrator. Any payments made by our Administrator will be charged to your credit card. The services are subject to conditions, limitations and exclusions that are fully described in the Guide to Coverage. ** This is a service provided by Sigma Loyalty Group Inc. Certain limitations and exclusions may apply to this service as described in the applicable Terms and Conditions. *** Insurance coverage is underwritten by American Bankers Insurance Company of Florida (ABIC) under Group Policy MBNA-0620 . To be eligible for Mobile Device Insurance you must use your Account to pay all of your monthly mobile bill payments and any upfront costs or pay at least 75% of the purchase price with your Account when paying the full cost of your mobile device up front. Benefits, features and coverages are subject to conditions, limitations and exclusions that are fully described in the Certificates of Insurance included with your Guide to Coverage. ABIC, its subsidiaries, and affiliates carry on business in Canada under the name of Assurant ®. ®Assurant is a registered trademark of Assurant, Inc. ***** Price Protection Service is not insurance but a service provided by American Bankers Insurance Company of Florida. Details are provided in the Statement of Services included with your Guide to Coverage. ~As a Mastercard credit card cardholder, you will receive the benefit of Zero Liability in the event of the unauthorized use of your Canadian-issued Mastercard credit card. Zero Liability is provided under specific conditions. Visit www.Mastercard.ca for more information. ¤ The person in whose name MBNA has opened an account ("primary cardholder") is solely responsible for all charges made by authorized users on the primary cardholder's account. See the MBNA Account Agreement for more information about this and other responsibilities of the primary cardholder. †††† To be eligible for a World Elite account, your personal annual income must be greater than $80,000, or your household annual income must be $150,000 or greater. Additional account qualification criteria apply as set out in the application.

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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