Pairs well with...

Annual Fee
Extra Card Fee
Card Type
Cash Advance
Balance Transfer
Personal Income
Household Income
Canadian resident who has reached the provincial age of majority.
This offer is not available for residents of Quebec. For residents of Quebec, please click here.
Extended Warranty 1 year
Purchase Protection 90 days
Price Protection Yes
Travel Accident $1,000,000
Trip Interruption $2,000
Rental Car Theft & Damage Yes
Rental Car Accident $200,000
Rental Car Personal Effects $1,000

Please review your insurance certificate for details, exclusions and limitations of your coverage.

‡ 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. Complete terms and conditions describing Program eligibility, accrual and redemption of points, and other important conditions, limitations and restrictions 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 5,000 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must be used for at least one eligible transaction within the first 90 days of account opening that is not subsequently rescinded, the subject of a charge back request or otherwise disputed, and (b) in order to obtain a "Paperless Bonus" of 5,000 bonus points, you must enroll in online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, 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 this application.

**Coverage is underwritten by Allianz Global Risks US Insurance Company (Canadian Branch) and/or American Bankers Insurance Company of Florida. Certain limitations and exclusions may apply to this benefit and others described in the certificate of insurance sent soon after your Account is opened.

✪ 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).

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

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.

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Our Review

Looking for a card that provides great value for any type of travel?

The MBNA Rewards World Elite will do just that.

To start you off, for a limited time MBNA will let you earn 20,000 points for signing up – 15,000 points after your first purchase, and another 5,000 points when you sign up for within e-statements 90 days after receiving your card.

Then, earn 2 points per $1 spent on everything – there's no categories, caps or tiers to worry about. MBNA keeps it simple.

So, what can these rewards be used for?

The best value for your points is by redeeming for travel through MBNA Rewards. Each point is worth 1 cent this way, giving you a total return of 2% – a great return for redeeming your points for any travel.

This makes it a top credit card for shopping at Costco.

And it doesn't end there.

Here are some other ways you can redeem your points:

  • merchandise,
  • gift cards, and
  • statement credits.

Just note that you might not get as much value with these options, but you will get better flexibility and more options. In fact, redeeming for an e-gift card gives the same value as travel.

Our guide will give you the full details on the program.

But that's not all.

If you value insurance coverage while you travel, this card will give you 8 types of purchase and travel insurance, including the rare car rental personal effects and accident insurances.

And since it's a World Elite Mastercard, you'll also get access to World Elite benefits, such as Mastercard Priceless Cities and concierge service.

It's for an annual fee of $120 and income requirements of either $80,000 personal or $150,000 household.

Want to collect MBNA Rewards, but prefer to have no annual fee? The will let you earn up to 2 points per $1 spent with no annual fee.

What are your thoughts?

The creditcardGenius algorithm calculates an estimated dollar value for all rewards and bonuses by using a typical point value a person can realistically achieve by redeeming their rewards in a reasonably optimized way. The "Welcome Bonus" is the dollar value obtained by combining all one-time bonuses available to new cardholders within the first year. To qualify for the full bonus you may need to make purchases, meet minimum spending requirements, or complete special actions. Terms and conditions apply.

* Conditions apply.

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