MBNA Rewards World Elite Mastercard review
- Welcome Offer
- 30,000 points
- Rewards
- Up to 5 points per $1 spent
- Annual Fee
- $120
- Purchase Interest Rate
- 19.99%
- Cash Advance Rate
- 24.99%
Summary
Get a generous welcome bonus and earn flexible rewards when you sign up for this premium travel card.
Whether you're a frequent flyer or planning your first trip overseas, the MBNA Rewards World Elite Mastercard will give you a high return on travel points for an annual fee.
The MBNA Rewards World Elite Mastercard is a premium credit card that offers a high return on MBNA Rewards Points. Earn 5 points for every $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases until $50,000 is spent annually in the applicable category. 1 point for every $1 on all other eligible purchases. Plus, get a generous welcome bonus when you sign up. This card also comes with car rental insurance and a limited number of travel benefits
30-second take
- Think about this card if you want flexible rewards and a welcome bonus.
- Choose something else if you’re looking for low interest or you don’t want to pay an annual fee.
- You’ll need to have an individual income of $80,000 or a household income of $150,000 to apply for this credit card.
The basics
Whether you’re a frequent flyer or planning your first trip overseas, the MBNA Rewards World Elite Mastercard will give you a high return on travel points for an annual fee.
- High earn rate. Earn 5 points for every $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases until $50,000 is spent annually in the applicable category. 1 point for every $1 on all other eligible purchases.
- Welcome offer. Get up to 30,000 MBNA Rewards Points. Conditions apply.
- Purchase assurance. Protect the purchases you make on your card against loss and damage with 90 days
purchase assurance. - Extended warranty coverage. Double your manufacturer’s warranty (up to one year) on items you buy with your card
- Flexible rewards. Redeem your points for all kinds of rewards like travel, cashback, merchandise, gift cards, charitable donations and more.
- Decent return on travel rewards. The redemption value for travel is 100 points per $1, while cash and charity donations are 120 points per $1.
- Free additional cards. Order up to 9 additional cards at no extra fee.
The perks
- Car rental insurance. Get covered for collision and damage when you rent a car using your card.
- Concierge services. Work with personalized Concierge services to book travel and find out about the latest deals on dining, events, entertainment and more.
- Price protection. Get a partial refund if you purchase an item and then find the same item advertised at a lower price (up to $500 within 60 days of purchase)
- Zero Liability insurance. Avoid paying for fraudulent purchases on your account with Zero Liability insurance.
- Enhanced security. Purchases are protected by security features like PIN-protected microchips and online fraud prevention mechanisms.
- Trip assistance. Contact the on-call customer support team to get assistance with any travel-related issues or concerns you might have.
What to watch out for
- Annual fee. It costs $120 per year to maintain this card.
- High interest. You’ll pay 19.99% interest on purchases and 24.99% on cash advances.
- High minimum income. You’ll need to make at least $80,000 per year to qualify (or $150,000 in household income).
- Few benefits. There are relatively few benefits on offer for the high fee you pay, though you get a decent return on points to compensate.
- Different points values. Points are worth different dollar amounts depending on the category of the reward (with travel giving the best value).
MBNA Rewards World Elite Mastercard interest rates
| Interest Type | Interest Rate |
|---|---|
| Purchase interest rate | 19.99% |
| Cash advance rate | 24.99% |
| Standard balance transfer rate | 22.99% |
What should I know before I apply
How to apply
- Head to the MBNA website to begin your application.
- Complete the application, which includes providing your name, email address, social insurance number and birth date.
- Review and submit your application.
Bottom line
MBNA Rewards World Elite Mastercard gives you a high return on travel rewards for every dollar you spend on your card. You’ll also get a welcome offer and basic insurance when you sign up, along with a handful of travel perks. The downside is that you won’t get comprehensive benefits or a low interest rate on purchases.
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