Offers
Welcome Bonus
Eligible new applicants for the MBNA Rewards World Elite Mastercard can receive a welcome bonus of up to 30,000 MBNA Rewards points:
- Earn 20,000 MBNA Rewards upon spending $2,000 in the first 90 days
- Earn 10,000 MBNA Rewards upon enrolling in paperless e-statements
FlyerFunds Rebate
Plus, if you apply for the MBNA Rewards World Elite Mastercard through Frugal Flyer and are approved, you can receive an additional $125 paid directly to you.
Earning MBNA Rewards Points
The MBNA Rewards World Elite Mastercard earns MBNA Rewards points for all purchases made on the card:
- 5 MBNA Rewards points for every dollar spent on restaurant, grocery, digital media, memberships, and household utility purchases (up to $50,000 in annual purchases per category).
- 1 MBNA Rewards point for every dollar spent on all other purchases.
Redeeming MBNA Rewards Points
MBNA Rewards points are best redeemed for travel purchases, as you will receive the maximum value of 100 MBNA Rewards points for $1 in value when booking through the MBNA Rewards Travel Portal.
Redeeming MBNA Rewards points for cash and charity donations can be done at a ratio of 120 MBNA Rewards points for $1 in value. MBNA Rewards points can also be redeemed for merchandise and gift cards at varying rates.
Benefits
MBNA Rewards Birthday Bonus
MBNA Rewards World Elite Mastercard cardholders will receive 10% of their MBNA Rewards points earned over the past 12 months on their birthday, up to a maximum of 15,000 MBNA Rewards points.
Avis Rent A Car & Budget Rent A Car Discounts
MBNA Rewards World Elite cardholders can receive a minimum of 10% off the base rates in Canada and the United States, and a minimum of 5% off the base rates internationally on qualifying car rentals at participating Avis & Budget locations.
Fees & Eligibility
| Personal Income | $80,000 |
| Household Income | $150,000 |
| Annual Fee | $120.00 |
| Foreign Exchange Fee | 2.50% |
| Purchase Rate | 19.99% |
| Cash Advance Rate | 24.99% |
| Balance Transfer Rate | 22.99% |
Insurance Coverage
The MBNA Rewards World Elite Mastercard offers several types of insurance coverage:
- Travel medical insurance: $2,000,000 coverage for the first 21 days of any out-of-province trips for travelers under the age of 65
- Delayed and lost baggage insurance: $1,000 per person coverage for emergency purchases when your baggage is lost or delayed for over 4 hours
- Flight/trip delay insurance: $500 per covered person for reasonable and necessary expenses if flight/trip is delayed for over 4 hours
- Rental car collision and loss damage coverage: Up to 31 days of coverage for eligible auto rental damage
- Mobile device insurance: $1,000 coverage for theft, loss, or accidental damage to your mobile device
Refer to the MBNA Rewards World Elite Mastercard insurance certificate for additional details, including terms and conditions for eligibility.
Top MBNA Cards
| Credit Card | ||
|---|---|---|
 |
10,000 MBNA Rewards and $75 FlyerFunds Estimated value: $175 |
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0 None and $75 FlyerFunds Estimated value: $75 |
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Legal
†Terms and conditions apply. This offer is not available for residents of Quebec.
Important Notice: Effective from the first day of your statement period beginning September 2025 and reflected on your October 2025 statement:
- Standard Annual Interest Rates of 21.99% on eligible purchases, 22.99% on balance transfers✪, and 22.99% on cash advances
MBNA cc gave lower sign up bonuses for Quebec residents. Please update your cc info/blg/analysis to ensure correct info for 23% of Canadians living in Qc. .
Hi Gordon,
Please see the legal disclaimer which indicates that the offer is not available for residents of Quebec. Thanks.