×4 Award winner
$150 GC Boost + Up to 30,000 bonus points + birthday bonus worth up to 15k points.*
Pros & cons
Pros
- Up to 30,000 bonus points.
- Up to 5 points per $1 spent on purchases.
- 10% bonus points every year on your birthday.
- Includes 12 types of insurance.
Cons
- High income requirements of either $80,000 personal or $150,000 household.
Your rewards
$125 GeniusCash offer + $25 limited time boost!
On approval, receive $150 GeniusCash on us when you apply for MBNA Rewards World Elite Mastercard using this offer page.
GeniusCash offer expires on Oct 31, 2025.
Getting your welcome bonus
Based on $2,000 in monthly spending, you can get up to 30,000 points which translates to an estimated $300.◊
For all welcome bonus details click here.
How you earn rewards
Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With MBNA Rewards World Elite Mastercard, here's how you earn rewards:
- 5 points for every $1 spent on restaurants , groceries , and select recurring bills (up to $50,000 spent annually per category)
- 1 point per $1 spent on all other purchases
For all reward details click here.
How much your rewards are worth
The dollar value of your rewards depends on the specific rewards program ‒ and what you choose to redeem your points for. For MBNA Rewards World Elite Mastercard in particular, if you spend $2,000 per month, here's our estimated annual rewards earned depending on which reward you choose:
| Any travel | $686 | |
| e-Gift Cards | $680 | |
| Gift Cards | $631 | |
| Merchandise | $590 | |
| Statement Credit/Direct Deposit (World Elite) | $570 | |
| Statement Credit/Direct Deposit (Platinum Plus) | $343 |
| Redemption Option | Point Value | Total Value |
|---|---|---|
| Any travel | 1 cent | $10 |
| e-Gift Cards | 0.99 cents | $10 |
| Gift Cards | 0.92 cents | $9 |
| Merchandise | 0.86 cents | $9 |
| Statement Credit/Direct Deposit (World Elite) | 0.83 cents | $8 |
| Statement Credit/Direct Deposit (Platinum Plus) | 0.5 cents | $5 |
Calculating your annual rewards
$24,000 annual spending x 2.86% return on spending = $686 annual rewards
$686 annual rewards − $120.00 annual fee = $566 net annual rewards
Details and eligibility
- Estimated Credit Score
- 725 - 759
- Personal Income
- $80,000
- Household Income
- $150,000
- Annual Fee
- $120.00
- Extra Card Fee
- $50
- Card type
- Credit
- Purchase
- 21.99%
- Cash Advance
- 22.99%
- Balance Transfer
- 22.99%
Insurance coverage
- Extended Warranty
- 1 year
- Purchase Protection
- 90 days
- Price Protection
- Yes
- Mobile Device
- $1,000
- Travel Accident
- $1,000,000
- Trip Interruption
- $2,000
- Flight Delay
- $500
- Baggage Delay
- $500
- Lost or Stolen Baggage
- $500
- 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, terms and conditions apply.
Learn more about the value of credit card insurance coverage.
Genius Rating
MBNA Rewards World Elite Mastercard's 5.0 Genius Rating is based on the weighted average of the following scores:
Methodology
All scores are produced by our math-based rating algorithm that takes into account over 126 credit card features.
Learn more about our rating methodology.
Awards
Each year for our annual credit card rankings our Genius Rating algorithm computes the best credit cards across 28 different categories. Here’s what this card has won this year:
Top cards from MBNA
GC: $125 + $25
MBNA Rewards World Elite Mastercard review
Looking for a card that provides great value for any type of travel?
The MBNA Rewards World Elite Mastercard will do just that. You'll earn plenty of points on your purchases, which can then be used for any travel deal you book from MBNA Rewards.
Or, you can get some cash instead, and use it for whatever you want.
Here's what this card has to offer.
Earning rewards with the MBNA Rewards World Elite Mastercard
With this credit card, you'll be earning MBNA Rewards points on all your purchases.
Here's what your earn rates look like:
- 5 points for every $1 spent on restaurants, groceries, and select recurring bills (up to $50,000 spent annually per category)
- 1 point per $1 spent on all other purchases
Those are some pretty impressive earn rates, covering a few common categories.
But the big question – what can you use your points for? Here's a summary of your different redemption options and their estimated valued.
Most flexible rewards programs see a big drop in value after travel redemptions, but not here. You'll maintain a high value for your points no matter what option you pick.
How does this translate into annual rewards? If you go with travel, you'll get an average return of 2.86%, based on a typical $2,000 monthly spend.
But even with cash, you still an average return of 2.37% – which compares quite favourably to the best cash back credit cards in Canada.
And if you do decide to redeem for cash, you have a few ways you can get it back. Your choices include:
- cheque,
- statement credit, and
- direct deposit into a bank account.
That's more options than most cash back credit cards offer. All together, this credit card provides excellent rewards.
3 benefits to the MBNA Rewards World Elite Mastercard
There are plenty of other goodies available with the MBNA Rewards World Elite Mastercard.
Here are 3 big things to really like.
1. Annual birthday bonus
There's a sweet reward for you on your birthday with this card.
You'll get a birthday bonus – an extra 10% in points, based on what you've earned over the last year. A pretty sweet reward.
It is capped at 15,000 points, but that's a pretty sweet treat for having the card.
2. Terrific insurance
The insurance package is incredibly good, offering 12 types. And while there are credit cards that offer more types, this one includes a couple of rare ones.
The first one is price protection insurance. With any purchase you make, if you find the same item at a lower price within 60 days of your purchase, you can get a refund on the difference. You'll never have to worry about getting the best price for any semi-major purchase again. Just note, you're only eligible for a max refund of $500 per item and it's limited to $1,000 in claims per year.
The other is mobile device insurance. This insurance protects your phone – that one device you take everywhere. If it accidently breaks, or gets stolen, you'll be covered, up to a certain amount. This is the advantage of mobile device insurance.
3. Superb welcome bonus
The welcome bonus is also pretty good. You'll earn 30,000 bonus points after spending $2,000 in the first 90 days and signing up for paperless e-statements.
Those points are worth $300 when redeemed for travel, or $249 when redeemed for cash.
2 downsides to the MBNA Rewards World Elite Mastercard
It's not an entirely perfect card. Here are 2 things to keep in mind.
1. High income requirements
The income requirements are quite high. You'll need either a personal income of $80,000 or a household income of $150,000 to qualify.
With that said, this is on par with other World Elite Mastercards, but still higher than comparable Visa Infinite cards.
2. No first year free offer
Many premium credit cards come with an annual fee waiver for the first year, as a way to try it out without putting money down.
But not here – the MBNA Rewards World Elite Mastercard will cost you $120 for the first year.
Comparison to the MBNA Rewards Platinum Plus Mastercard
MBNA offers a no fee rewards card – the
Here's how these 2 credit cards compare.
| MBNA Rewards World Elite Mastercard | MBNA Rewards Platinum Plus | |
|---|---|---|
| Welcome bonus | Up to 30,000 points (terms) | Up to 10,000 points (terms) |
| Annual fee | $120 | $0 |
| Rewards |
* 5 points for every $1 spent on restaurants, groceries, and select recurring bills (up to $50,000 spent annually per category) * 1 point per $1 spent on all other purchases |
* 2 points for every $1 spent on restaurants, groceries, and select recurring bills (up to $10,000 spent annually per category) * 1 point per $1 spent on all other purchases |
| Insurance Coverage | 12 types | 3 types |
| Income Requirements | * Personal: $80,000 * Household: $150,000 |
None |
There's more of everything with the World Elite version – more rewards, more insurance, and a bigger welcome bonus.
But, that also comes with an annual fee and high income requirements as well.
So is it worth it? We would say yes, but if you don't like paying annual fees, or don't spend much per month, the no fee card might be your better choice. One point to note about the no fee card – the cash value is much lower, it’s only worth 0.5 cents per point (the other redemption options are the same).
One way to help decide if you're on the fence – use our Genius Rating. Head to our compare cards page, set your preferences and spending, see the scores of these cards, and let the higher score win.
Leave a review
These are our thoughts on the MBNA Rewards World Elite Mastercard, but what about you?
If you have (or have had) the card in the past, leave us a user review so others can see what you thought of it.
FAQ
What does the MBNA Rewards World Elite Mastercard offer for rewards?
The MBNA Rewards World Elite Mastercard earns up to 5 points per $1 spent on purchases. These rewards have a value of up to 1 cent per point, depending on the redemption option.
What can MBNA Rewards points be used for?
MBNA Rewards can be used for the following:
- travel,
- cash,
- merchandise, and
- gift cards.
What are the annual fee and income requirements of the MBNA Rewards World Elite Mastercard?
The MBNA Rewards World Elite Mastercard has an annual fee of $120 and income requirements of either $80,000 personal or $150,000 household.
Key benefits
††, ‡, ✪, ***, ††††, Terms and Conditions apply.
The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank. ®MBNA and other-trademarks are the property of The Toronto-Dominion Bank.
User reviews
Reviewed by 81 Canadians
Thank you for your review!
Hang tight while we verify and approve it.
If you want to see your review right away...
Create an account:
I got this card a few weeks before a trip to Europe, as a backup in case I had issues with international purchases.
It was terrible.
MBNA locked the card after the first few charges. After many hours on hold over several calls the said they could not unlock it until they had more information from me as it had flagged for fraud based on the international purchases. It’s a “world elite” travel card!!!
After my third time on hold for hours I told them to cancel it, and told them they had provided me with easily the worst customer service I’d ever received from a financial institution.
Run away.
Best Card I've ever had. The rewards on it are unreal. Probably $1000 (in gift cards) in rewards in 8 months so far.
I don't even use it for gas because I drive an electric car.
I do enjoy the Rewards with this card. I think it will be a better credit card for rewards than my last card. There were some annoyances. It is hard to get this into Apple Wallet, you have to call them to get them to add it. Activating is a pain too, for us we also had to call them. Once we got past the initiation it has been great. Oh one more thing, it seems like this card holds onto holds longer (gas stations, hotels, etc...). Maybe that isn't a thing but it seems like it.
I reached out to provide feedback suggesting they add support for Samsung Wallet and Google Wallet and I’m so happy to see they actually listened! It’s great to see a company that truly values user feedback and takes action on it. The new wallet support works flawlessly and makes things so much more convenient. Big thanks to the team for listening to their users and continuously improving the experience!
Great Rewards value terrible card. Doesn't work at most places. need to insert tap not working. the app is among the worst ive seen. Blocks random purchases, and locked me out of my account. the reward system is great the pain of how i cant rely on apple pay makes this card really bad. Dont get fooled stay far away from this "ancient" company!
