Why Choose the MBNA Rewards World Elite® Mastercard®?
In today’s fast-paced world, having a credit card that not only meets your daily financial needs but also rewards you handsomely for your spending is essential. The MBNA Rewards World Elite® Mastercard® is a standout option for Canadians seeking a blend of generous rewards, extensive benefits, and robust security features.
Benefits and Rewards
Generous Welcome Bonus
- 30,000 Bonus Points: Earn up to 30,000 bonus MBNA Rewards Points within the first 90 days. This is split into 20,000 points for spending $2,000 on eligible purchases and 10,000 points for enrolling in paperless e-statements.
Earning Points
- 5 Points per Dollar: For every $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases, earn 5 points, up to $50,000 annually in these categories.
- 1 Point per Dollar: Earn 1 point per $1 on all other eligible purchases.
Flexible Redemption Options
- Cash Back and More: Redeem points for cash back, travel, gift cards, merchandise, and charitable donations. Points can also be used as a statement credit or for a cheque/deposit into a bank account.
- Points Never Expire: Your MBNA Rewards Points remain valid as long as your account is open and in good standing.
Birthday Bonus
- Extra Points: Each year, receive Birthday Bonus Points equal to 10% of the total number of points earned in the previous 12 months, up to a maximum of 15,000 points.
Extensive Card Benefits
Travel Perks
- Travel Medical Insurance: Up to $2 million in coverage for trips up to 21 days.
- Delayed and Lost Baggage Insurance: Up to $1,000 in coverage.
- Flight/Trip Delay Insurance: Up to $500 in coverage for delays over four hours.
- Rental Vehicle Benefits: Collision Damage Waiver for rentals up to 31 consecutive days.
Everyday Conveniences
- Concierge Service: Access to concierge services for booking travel, dining reservations, and event tickets.
- Emergency Services: Includes emergency card replacement and cash transfer, legal assistance, and lost document support.
- Mobile Device Insurance: Up to $1,000 coverage for mobile devices against theft, loss, and damage.
- Price Protection Service: Refunds the difference if you find a lower advertised price within 60 days of purchase.
Additional Savings
- Car Rental Discounts: Save a minimum of 10% off Avis and Budget rentals in Canada and the U.S., and a minimum of 5% internationally.
Security Features
- Zero Liability Protection: Protection against unauthorized purchases.
- Chip & PIN and Contactless Payments: Enhanced security for in-store purchases.
- Card Verification Code (CVC): Added security for online and phone transactions.
Fees and Interest Rates
- Annual Fee: $120 for the primary cardholder, $50 for additional cardholders.
- Interest Rates: 19.99% on purchases, 22.99% on balance transfers, and 24.99% on cash advances.
Frequently Asked Questions
Q: Who is eligible for the MBNA Rewards World Elite® Mastercard®? A: Canadian residents who are of the age of majority in their province/territory with a personal annual income over $80,000 or household income over $150,000.
Q: How do I earn the welcome bonus points? A: Make $2,000 in eligible purchases within the first 90 days and enroll in paperless e-statements within the same period to earn 30,000 bonus points.
Q: Can points be redeemed for travel? A: Yes, points can be redeemed for travel, merchandise, gift cards, cash back, and more.
Q: Do the points expire? A: No, MBNA Rewards Points do not expire as long as your account is in good standing.
How to Apply for MBNA Rewards World Elite® Mastercard®
Applying for the MBNA Rewards World Elite® Mastercard® is straightforward and can be done online. Follow these steps:
- Visit the MBNA Website: Go to the MBNA Rewards World Elite® Mastercard® page. (Link at the end)
- Check Eligibility: Ensure you meet the eligibility criteria, including income requirements.
- Complete the Application Form: Fill out the online application form with your personal and financial details.
- Submit and Wait for Approval: Submit your application and wait for a decision, which can take a few days.
- Activate Your Card: Upon approval, activate your card and start earning rewards.
In conclusion, the MBNA Rewards World Elite® Mastercard® offers a compelling mix of rewards, benefits, and security features that cater to a wide range of financial needs and lifestyle preferences. Whether you’re looking to earn significant rewards on everyday purchases, enjoy extensive travel benefits, or ensure robust security for your transactions, this card is a top contender in the Canadian market. Apply today and take the first step toward maximizing your financial rewards!
