Reviews

MBNA World Elite Mastercard credit card full review

Check out this MBNA World Elite Mastercard credit card full review to learn all about this financial product, including rewards, fees, and much more!

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by Aline Augusto

Published on 03/08/2022

MBNA World Elite Mastercard credit card: flexible rewards that don’t expire!

Learn more about this card. Source: The Mister Finance.
Learn more about this card. Source: The Mister Finance.

MBNA World Elite Mastercard credit card review: MBNA leads to provide the best credit cards in Canada. If you are a Canadian, you have probably carried an MBNA card in your wallet or just have already heard of it.

Either way, today, we are going to discuss about a great rewards credit card.

If you are looking for a card that carries an excellent reward structure with flexible redemption, you have come to the right place!

Check it out!

Credit ScoreAverage – Excellent 
Annual Fee$120
Regular APRFrom 19.99% to 24.99%
Welcome bonusUp to 30,000 bonus MBNA Rewards Points for cash back, gift cards, and more (terms apply)
Rewards5 points for every $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases until $50,000 is spent annually in the category;
1 point for every $1 on all other eligible purchases
MBNA logo

How to get a MBNA World Elite Mastercard card?

Learn all that is about the MBNA World Elite Mastercard credit card application!

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How does the MBNA World Elite Mastercard credit card work?

Let’s get started with the main feature of this card. At a glance, you earn a generous welcome bonus of up to 30,000 bonus points, divided into 20,000 after you make $2,000 or more in eligible purchases within the first 90 days from the account opening and 10,000 once you enrolled for paperless e-statements in the same period.

Also, you earn 5 points for every $1 spent on the eligible restaurant, grocery, digital media, membership, and household utility purchases, with the limit of $50,000 annually in the applicable category. 

Plus, 1 point for every $1 on all other eligible purchases.

The rewards are flexible so that you can redeem your points or cash back, brand-name merchandise, gift cards from participating retailers, charitable donations, and travel. 

Furthermore, the points don’t expire.

MBNA also gives you a Birthday Bonus Points of 10% of the total rewards you have every year, to the maximum of 15,000 Points.

And you have the possibility to join the MBNA Payment Plan for large purchases.

But, if you think this credit card is all about rewards, you are mistaken.

This Mastercard also provides you with emergency services, concierge, coverage, support, rental vehicle benefits, and trip assistance.

In addition, you get travel insurance, security features, and more.

On the other hand, such a good package of benefits comes with a price. So, you will pay $120 as an annual fee and $50 for an additional cardholder.

MBNA World Elite Mastercard card benefits

Keep reading our MBNA World Elite Mastercard credit card review. Source: Canva.
Keep reading our MBNA World Elite Mastercard credit card review. Source: Canva.

Besides the fact that this credit card features one of the best reward structures in Canada, this World Elite also elevates the services to the highest level.

Whether you are traveling or not, you get assistance, support, security, and much more.

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Pros

  • It offers a generous welcome bonus of up to 30,000 points;
  • It features a fantastic rewards structure;
  • The rewards are flexible and don’t expire;
  • It gives you Birthday Bonus Points;
  • It provides you with emergency services, concierge, coverage, support, rental vehicle benefits, and trip assistance;
  • You get travel insurance, security features, Mobile Device Insurance, and more.

Cons

  • It charges a $120 annual fee;
  • It requires a high minimum annual income and annual household income.

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How good does your credit score need to be?

It is recommended that you have at least average punctuation. But, the higher your score is, the better your chances of getting the card.

How to apply for an MBNA World Elite Mastercard credit card?

If you are interested in earning many rewards, check out how to apply for an MBNA World Elite Mastercard credit card!

MBNA logo

How to get a MBNA World Elite Mastercard card?

Learn all that is about the MBNA World Elite Mastercard credit card application!

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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