MBNA Rewards World Elite® Mastercard®

MBNA Rewards World Elite® Mastercard®

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mbna true line gold

MBNA True Line® Gold Mastercard®

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


MBNA Rewards World Elite® Mastercard®

MBNA Rewards World Elite® Mastercard®

5


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

mbna true line gold

MBNA True Line® Gold Mastercard®

3.9


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

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

    Extended Warranty

    Up to a year
  • purchase protection

    Purchase Protection

    Up to 90 days

  • lost baggage

    Lost or Stolen Baggage

    $1000/person
  • hourglass timer

    Baggage Delay

    $1000/person
  • car insurance

    Car Rental Damage & Theft

    31 days
  • heart lock

    Travel Accident

    $1,000,000
  • mobile device insurance

    Mobile Device Insurance

    $1000
  • travel accident medical

    Emergency Out of province Medical

    $2M for 21 days
  • hourglass timer

    Flight Delay

    $500/person after 4 hours

Insurance Included*

  • extended warranty

    Extended Warranty

    Doubled up to 1 year
  • purchase protection

    Purchase Protection

    90 days

Extra Benefits*

  • car rental

    Car Rental Discount

    10% off base rate of Avis Rent A Car and Budget Rent A Car in Canada and US and 5% internationally
  • gavel

    Trip and legal Assistance


  • price protection

    Price Protection

    $500/item, $1000/account per year
  • birthday cake

    Annual 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

    Concierge Services

Extra Benefits*

  • car rental

    Car Rental Discount

    10% off base rate of Avis Rent A Car and Budget Rent A Car in Canada and US and 5% internationally
  • gavel

    Trip 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 - plane

    Travel

    1¢ / point
  • gift card

    Gift Cards

    0.85¢ / point
  • cash coins

    Statement Credits (Cash) - World Elite

    0.83¢ / point
  • online shop

    Merchandise

    0.8¢ / point
  • cash coins

    Statement 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

Legal


*††, ‡, ✪, ***, ††††, Terms and Conditions apply. This offer is not available for residents of Quebec. Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button. The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank. ®MBNA and other-trademarks are the property of The Toronto-Dominion Bank. Check here for full details and current product information.
*✪, Terms and Conditions apply. This offer is not available for residents of Quebec. Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button. The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank. ®MBNA and other-trademarks are the property of The Toronto-Dominion Bank. Check here for full details and current product information.

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