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.
I have 13 years of experience in customer service at one of Brazil’s largest banks, including 5 years as a general branch manager. I am a specialist in banking products and services with a proven track record in team leadership and business development. I am also a holder of Brazilian certifications CPA-10 and CPA-20.
