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)
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 | — |
User Reviews
Read community feedback or share your own experience with this card.
Help other RateBuddy visitors compare real cardholder experiences.
Reviews are moderated before publication. Avoid sharing account numbers, SIN, passwords, or private financial details.
Be the first to review
No public user reviews yet. Share your experience to help others compare this card.
Filed Under
Travel Rewards
Premium / High-End
Rewards
View Offer
Secure provider site