MBNA Rewards World Elite Mastercard
Travel Rewards Premium / High-End Rewards

MBNA Rewards World Elite Mastercard

MBNA Canada MBNA Canada
Welcome Bonus: Up to 30,000 Bonus Points (approx. $245 cash value)
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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 APR21.99%
Cash Advance APR22.99%
Balance Transfer APR22.99%
Annual Fee$120
Supplementary Card Fee$50
Grace Period21 days
Income Required Personal: $80,000
Household: $150,000
Recommended Credit Score—

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Filed Under

Travel Rewards Premium / High-End Rewards
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