Travel Rewards
Premium / High-End
Rewards
MBNA Rewards World Elite Mastercard
MBNA Canada
Current Welcome Offer
Up to 30,000 Bonus Points (approx. $245 cash value)
Annual Fee
$120
Purchase APR
21.99%
Cash Adv. APR
22.99%
Welcome Bonus
~$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 & Takeout 4.17%
Gas & Transit 0.83%
Travel 0.83%
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.
- Restaurants: 5 points per $1 (up to $50k annually)
- Groceries: 5 points per $1 (up to $50k annually)
- Digital Media: 5 points per $1 (up to $50k annually)
- Memberships: 5 points per $1 (up to $50k annually)
- Household Utilities: 5 points per $1 (up to $50k annually)
- All Other Purchases: 1 point per $1
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: $245.00
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
Additional Perks
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Insurance Coverage
Travel Medical Insurance
Up to $2 million of coverage for the first 21 days (under 65 years of age).
Rental Vehicle Collision Damage Waiver
Coverage for up to 31 consecutive days for eligible auto rental damage.
Delayed and Lost Baggage
Up to $1,000 per insured person per trip (delayed over 4 hours or lost).
Flight/Trip Delay
Up to $500 per insured person if flight/trip is delayed over 4 hours.
Mobile Device Insurance
Up to $1,000 in coverage for eligible mobile devices against loss, theft, damage or breakdown.
Rates & Fees Details
| Purchase APR | 21.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Balance Transfer APR | 22.99% |
| Annual Fee | $120 |
| Supplementary Card | $50.00 |
| Income Required |
Personal: $80,000 Household: $150,000 |