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MBNA Rewards World Elite® Mastercard®

MBNA Rewards World Elite® Mastercard®

This offer is only available to residents of Quebec. For residents of other provinces/territories please click here.

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Network Provider
Mastercard
Provider
MBNA
Type
Rewards
Annual fee
$120 Additional Card Annual Fee: $50 for one authorized user (if you have one).
Purchase interest rate
20.99%
Cash advance rate
20.99%
Balance transfer rate
20.99%
Credit Needed
Good (650-749)

Card description

  • Receive 15,000 bonus points†† ($125 in cash back value) after your first eligible purchase within the first 90 days of account opening
  • Receive 5,000 bonus points†† once enrolled for e-statements within the first 90 days of account opening.
  • Earn 5 points‡ for every $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases until $50,000 is spent annually in the applicable category. 1 point‡ for every $1 on all other eligible purchases
  • Each year, you will receive Birthday Bonus Points‡ equal to 10% of the total number of Points earned in the 12 months before the month of your birthday, to a maximum Birthday Bonus each year of 15,000 Points.
  • Redeem points‡ for brand-name merchandise, gift cards from participating retailers, cash back, charitable donations, and travel.
  • Standard Annual Interest Rates of 20.99% on eligible purchases, 20.99% on balance transfers✪, and 20.99% on cash advances
  • Mobile Device Insurance*** With Mobile Device Insurance, you’ve got up to $1,000 in coverage for eligible mobile devices in the event of loss, theft, accidental damage or mechanical breakdown
  • $120 annual fee. $50 Additional Card Annual Fee for one authorized user (if you have one).
  • To qualify, your personal annual income must be greater than $80,000, or your household annual income must be $150,000 or greater††††

Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the "Apply Now" button.

 

About This Card

The MBNA Rewards World Elite Mastercard is a premium credit card with an annual fee of $120. In order to qualify, you must have an annual income that’s greater than $80,000 or an annual household income of $150,000 or more.

If you meet the criteria, this is a valuable card to have in your arsenal. Every $1 spent on the card earns you 5 MBNA Rewards Points, which in turn can be redeemed for cash or, alternatively, for items featured in the MBNA Rewards catalogue. It features everything from home appliances and decor, to electronics, sports and leisure equipment, and more.   

Consider applying to take advantage of the welcome offer:

  • Get 15,000 bonus points ($125 in cash back value) after you make your first eligible purchase within the first 90 days. 
  • Get 5,000 bonus points when you enroll in e-statements within 90 days of account opening.

MBNA Rewards Points never expire and there’s no cap on how much you can collect.

Plus, you get extra points on your birthday. Your Birthday Bonus Points will be equal to 10% of the total number of points you earned over the last 12 months before the month of your birthday (up to a maximum of 15,000 points).

The purchase interest rate is 20.99%, the cash advance rate is 20.99% and the balance transfer rate is 20.99%.

Card features

Travel medical insuranceC - ​Up to $2 million of coverage for the first 21 days of your trip if the insured person is under 65 years old.

Delayed and lost baggage insuranceD - ​Up to $1,000 in coverage per insured person per trip toward the purchase of essentials such as clothes and toiletries if your baggage is delayed for over 4 hours or lost.

Flight/trip delay insuranceE - ​Up to $500 in coverage per insured person if your flight/trip is delayed for over 4 hours.

Mobile device insurance*** - With mobile device insurance, you’ve got up to $1,000 in coverage for eligible mobile devices in the event of loss, theft, accidental damage or mechanical breakdown.

Price protection***** - If you purchase an eligible item with your card and find the same product advertised in Canada at a lower price within 60 days of the purchase, the difference will be refunded subject to a maximum of $500 per item and a calendar year maximum of $1,000 per account. Certain conditions and exclusions apply.

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‡ 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. You 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 and: (a) in order to obtain a "First Eligible Transaction Bonus" of 15,000 bonus points, the account must be used for at least one eligible transaction within the first 90 days of account opening that is not subsequently rescinded, the subject of a charge back request or otherwise disputed, and (b) in order to obtain a "Paperless Bonus" of 5,000 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 from the transaction date and the Paperless Statement enrollment 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 of the First Eligible Transaction Bonus and the Paperless Bonus). This promotion is offered by MBNA and may be amended or cancelled at any time without notice.

†††† 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.

✪ 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 IS NO FEE FOR THIS 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).

***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.

The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank.

 

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