RBC ION+ Visa

RBC ION+ Visa

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MBNA Rewards World Elite® Mastercard®

MBNA Rewards World Elite® Mastercard®

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RBC ION+ Visa vs MBNA Rewards World Elite® Mastercard®: Which one is better?


RBC ION+ Visa

RBC ION+ Visa

3


RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

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

Welcome Bonus

14,000 welcome Avion points (“Welcome Points”) will appear on your monthly credit card statement within sixty (60) days after your application has been approved, provided that your RBC ION+ Visa credit card account (“Credit Card Account”) remains open and in good standing at the time the Welcome points are credited to your account, “good standing” meaning that your Credit Card Account must not be past due for more than two (2) consecutive credit card account statement periods, closed, charged off or in credit revoked status.

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.

Our Cash Offer

N/A

Our Cash Offer

$120 Cash Rebate offer from FinlyWealth

View Offer

Rewards Breakdown

Annual Rewards

$425.98

RBC ION Avion


First Year Bonus Value

+

$70

RBC ION Avion


Annual Fee

-

$48


First Year Value

$447.98

$377.98 in years after

Based on a hypothetical $2,000/mo average spending. Calculate your rewards.

Rewards Breakdown

Annual Rewards

$657.62

MBNA Rewards


First Year Bonus Value

+

$300

MBNA Rewards


Annual Fee

-

$120


Finly Rebate

Exclusive Offer


First Year Value

$957.62

$537.62 in years after

Based on a hypothetical $2,000/mo average spending. Calculate your rewards.

How to Earn Rewards

  • 3 points for every dollar in Grocery, Dining, Food Delivery, Rides, Gas, Electric Vehicle Charging, Streaming, and Digital Gaming & Subscriptions Purchases
  • 1 point for everything else

How to Earn Rewards*

  • 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.

Insurance Included

  • mobile device insurance

    Mobile Device Insurance

    $1,000
  • extended warranty

    Extended Warranty

    Up to a year
  • purchase protection

    Purchase Protection

    90 days

Insurance Included*

  • mobile device insurance

    Mobile Device Insurance

    $1000
  • 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
  • travel accident medical

    Emergency Out of province Medical

    $2M for 21 days
  • hourglass timer

    Flight Delay

    $500/person after 4 hours

Extra Benefits

  • gas station

    Gas Discount

    save 3¢/L on fuel and always earn 20% more Petro-Points at Petro-Canada
  • reward cup

    Extra points

    50 Be Well points for every $1 spent on eligible products at Rexall

Extra Benefits*

  • price protection

    Price Protection

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

  • 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

Interest Rates

Purchase:

20.99%

Cash Advance:

22.99%

Interest Rates*

Purchase:

19.99%

Cash Advance:

24.99%

Balance Transfer:

22.99%

Annual Fee

$48

Annual Fee*

$120

Income Required

Min Personal Income:

N/A

Min Household Income:

N/A

Income Required*

Min Personal Income:

$80,000

Min Household Income:

$150,000

Loyalty Program

Loyalty Program*

Point Redemption Options

  • gift card

    Gift Cards

    0.72¢ / point
  • online shop

    Merchandise

    0.7¢ / point
  • travel - plane

    Travel

    0.6¢ / point

  • Most Optimal

    westjet

    Transfer to WestJet

    1¢ / point
  • finance money dollar

    Financial Products

    0.83¢ / point
  • cash coins

    Statement Credits (Cash)

    0.58¢ / point

Point Redemption Options*

  • Most Optimal

    travel - plane

    Travel

    1¢ / point
  • gift card

    Gift Cards

    0.98¢ / point
  • online shop

    Merchandise

    0.8¢ / point

  • cash coins

    Statement Credits (Cash) - World Elite

    0.82¢ / point
  • cash coins

    Statement Credits (Cash) - Platinum

    0.5¢ / point

Is this card worth it?

This card is not by any means one of our favorite cards. For an annual fee it offers almost no notable benefits, with many no annual fee credit cards offering much more. The points earned are fine, but given the inflexibility of ION Avion points, it's very hard to get good value for the points earned, and it's much easier to earn more and do the same with some other credit card reward programs.

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.

Pros

  • Insurance coverage is very little for a card with annual fee. There are cards with no annual fee that offer even better benefits.
  • Avion reward points are generally not very flexible and not as valuable if not used for WestJet travel; therefore, if that's not your plan, there are many better cards that can be used.
  • The annual fee isn't justifiable based on the reward program this card offers.

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.

Cons

  • Bonus saving of 3 cents per liter on gas at Petro-Canada stations.
  • 12,000 avion points welcome bonus.

Cons

  • Trip cancellation and interruption insurance, two great benefits are missing from this card.
  • Not the best card for gas 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.

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