MBNA Rewards World Elite® Mastercard®
- Welcome offer of up to 30,000 bonus MBNA Rewards points to accelerate initial acquisition.
- Earn a massive 5 points per $1 spent on restaurants, groceries, digital media, memberships, and household utilities (supported by an unprecedented $50,000 annual spend cap per category).
- Annual Birthday Bonus awarding points equal to 10% of total points earned in the previous 12 months (capped at 15,000 points).
This card is built for people who want strong everyday earning and flexible redemption options instead of being tied to one travel program. It stands out for high 5x categories, a birthday bonus and the ability to redeem for travel, cash back, gift cards and more.
Welcome bonus
Earn up to 30,000 bonus MBNA Rewards Points.
worth approximately $300
~$300 first-year value
Earn rates
Estimate annual rewards
You'd earn ~60,000 points/year worth approximately $600
Key facts
Annual fee
$120.00
$50 for Additional Card.
Purchase APR
21.99%
Cash advance APR
22.99%
Foreign transaction fee
2.5%
Income required
$80,000 personal / $150,000 household
Credit score
660+
Quebec residents — terms may differ
Available to Quebec residents, but standard welcome bonus offers are excluded. Cash advance rate is 21.99% and a 5% minimum monthly payment applies.
Rates and fees sourced from MBNA's official card page →
Perks & benefits
Welcome offer of up to 30,000 bonus MBNA Rewards points to accelerate initial acquisition.
Earn a massive 5 points per $1 spent on restaurants, groceries, digital media, memberships, and household utilities (supported by an unprecedented $50,000 annual spend cap per category).
Annual Birthday Bonus awarding points equal to 10% of total points earned in the previous 12 months (capped at 15,000 points).
This card is built for people who want strong everyday earning and flexible redemption options instead of being tied to one travel program. It stands out for high 5x categories, a birthday bonus and the ability to redeem for travel, cash back, gift cards and more.
Insurance coverage
- Travel medical (up to $2M, 21 days, under 65).
- Delayed/lost baggage ($1,000).
- Flight/trip delay ($500).
- Mobile device ($1,000).
- Common carrier ($1M).
- Unexpected return home ($2,000).
- Rental vehicle collision/loss damage, AD&D ($300K), and personal effects ($2,000).
Pros & cons
Pros
- Excellent 5x earn rate across several everyday categories
- Flexible redemptions include travel, cash back and gift cards
- Birthday Bonus can materially increase annual rewards value
- Useful insurance package includes travel and mobile device coverage
Cons
- High income requirement may exclude many applicants
- Annual fee applies with no permanent fee waiver
- Foreign transaction fee details are not clearly disclosed here
- Welcome bonus excludes Quebec residents under current terms
Eligibility requirements
- Canadian resident, age of majority.
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