MBNA Rewards World Elite® Mastercard® vs MBNA True Line® Gold Mastercard®: Which one is better?

MBNA Rewards World Elite® Mastercard®
5

MBNA True Line® Gold Mastercard®
3.9
Finly Rebate
Finly Rebate
N/A
Rewards Breakdown
Annual Rewards
$657.62
MBNA Rewards
First Year Bonus Value
$300
MBNA Rewards
Annual Fee
$120
First Year Value
$837.62
$537.62 in years after
Based on $2,000/mo average spending. Calculate your rewards.
Rewards Breakdown
N/A
Insurance Included*
Extended Warranty
Up to a yearPurchase Protection
Up to 90 daysLost or Stolen Baggage
$1000/personBaggage Delay
$1000/personCar Rental Damage & Theft
31 daysTravel Accident
$1,000,000Mobile Device Insurance
$1000Emergency Out of province Medical
$2M for 21 daysFlight Delay
$500/person after 4 hours
Insurance Included*
Extended Warranty
Doubled up to 1 yearPurchase Protection
90 days
Extra Benefits*
Car Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car in Canada and US and 5% internationallyTrip and legal Assistance
Price Protection
$500/item, $1000/account per yearAnnual Birthday Bonus
10% of the Points earned the 12 months prior to the primary cardholder's birthday month (up to a max 15,000 bonus points per year)Concierge Services
Extra Benefits*
Car Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car in Canada and US and 5% internationallyTrip and legal Assistance
Interest Rates*
Purchase:
19.99%
Cash Advance:
24.99%
Balance Transfer:
22.99%
Interest Rates*
Purchase:
10.99%
Cash Advance:
24.99%
Balance Transfer:
13.99%
Annual Fee*
$120
Annual Fee*
$39
Income Required*
Min Personal Income:
$80,000
Min Household Income:
$150,000
Income Required*
Min Personal Income:
N/A
Min Household Income:
N/A
Welcome Bonus*
20,000 bonus points†† (approximately $165 in cash back value) after you make $2,000 or more in eligible purchases within the first 90 days of your account opening. 10,000 bonus points††(approximately $80 in cash back value) once enrolled for paperless e-statements within the first 90 days of account opening. This offer is not available for residents of Quebec.
Welcome Bonus*
N/A
Rewards 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.
- Each year, you will receive Birthday Bonus Points‡ equal to 10% of the total number of Points the Account earned in the 12 months before the month of the primary cardholder's birthday, to a maximum Birthday Bonus each year of 15,000 Points.
Rewards Rate*
- No rewards earned on purchases
- Standard Annual Interest Rates of 10.99% on purchases, 13.99% on balance transfers✪, and 24.99% on cash advances
- Use available credit on your credit card to transfer funds right to your chequing account.
- Around-the-clock-fraud protection
Loyalty Program*
Loyalty Program*
N/A
Point Redemption Options*
Most Optimal
Travel
1¢ / pointGift Cards
0.85¢ / pointStatement Credits (Cash) - World Elite
0.83¢ / pointMerchandise
0.8¢ / pointStatement Credits (Cash) - Platinum
0.5¢ / point
Point Redemption Options*
Not Applicable
Is this card worth it?
The MBNA Rewards World Elite® Mastercard® is one of the best reward credit cards in Canada, offering high rewards on frequently spent categories such as groceries and restaurant purchases. The annual birthday bonus, unique to this card, also provides a significant boost to your yearly earnings. Additionally, the card features a comprehensive list of benefits, including price protection—a rare and valuable perk not found with many other cards in Canada. These factors make this card one of the best to have in Canada.
Is this card worth it?
A great card for having a permanently low interest rate on your purchases and balance transfers, however you do not earn any rewards.
Pros
- Both restaurants and groceries, two of the most commonly spent categories, earn the most rewards.
- Great annual birthday bonus with up to $150 in value.
- A solid list of travel insurance and benefits.
- Price protection, a rare feature not offered by many other cards.
- Good value for many of the card's redemption options.
Pros
- Low purchase interest rate for people planning to put some balance on their credit card.
Cons
- Trip cancellation and interruption insurance, two great benefits are missing from this card.
- Not the best card for gas purchases.
Cons
- High cash advance interest rate at 24.99%
- No rewards earned on purchases


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