Travel Rewards
Premium / High-End
Rewards
MBNA Rewards World Elite Mastercard
MBNA Canada
Welcome Bonus:
Up to 30,000 Bonus Points (approx. $245 cash value)
Secure RateBuddy connection · Application completed on MBNA Canada’s site
Annual Fee
$120
Purchase APR
21.99%
Cash Advance
22.99%
Bonus Value
$245
RateBuddy Verdict
The Good
- The 5x earning rate on groceries, dining, and utilities comes with a massive $50,000 annual cap per category, maximizing rewards for high spenders.
- Points hold significantly more cash-back value (120 pts = $1) compared to the standard MBNA Platinum Plus tier (200 pts = $1).
- Includes a robust insurance suite featuring Travel Medical, Mobile Device coverage, and rare Price Protection.
The Trade-offs
- Requires a strict minimum personal income of $80,000 or household income of $150,000 to qualify.
- Adding authorized users is relatively expensive at $50 per card compared to competitors.
Rewards & Earnings
Groceries
4.17%
Dining
4.17%
Gas
0.83%
Travel
0.83%
Recurring Bills
4.17%
Base Rate
0.83%
Rewards Summary:
Earn 5 points per $1 on restaurant, grocery, digital media, membership, and household utility purchases ($50,000 cap per category); 1 point per $1 on all other purchases. Includes a 10% annual Birthday Bonus.
Welcome Bonus Details
Earn 20,000 points after making $2,000 in purchases within the first 90 days. Earn an additional 10,000 points by enrolling in paperless e-statements within 90 days.
Estimated Value: $245
Features & Benefits
Travel Medical Insurance
Up to $2 million for first 21 days
Mobile Device Insurance
Up to $1,000 in Mobile Device coverage
Car Rental Collision/Loss Damage Waiver
Collision Damage Waiver for 31 days
Flight Delay Insurance
Up to $500 for delays over 4 hours
Baggage Delay/Loss Insurance
Up to $1,000 for loss or 4-hour delay
Insurance Coverage
Travel Medical (21 days, $2M), Flight/Trip Delay, Delayed/Lost Baggage, Rental Vehicle CDW (31 days), Mobile Device (up to $1,000), and Price Protection.
Rates, Fees & Eligibility
| Purchase APR | 21.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Balance Transfer APR | 22.99% |
| Annual Fee | $120 |
| Supplementary Card Fee | $50 |
| Grace Period | 21 days |
| Income Required |
Personal: $80,000 Household: $150,000 |
| Recommended Credit Score | — |
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Filed Under
Travel Rewards
Premium / High-End
Rewards
Secure RateBuddy connection