MBNA Rewards World Elite® Mastercard® (QC) Review
The Bottom Line
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.
Our choice for: Highest rewards on groceries & dining
on MBNA's website
This offer is only available to residents of Quebec. For residents of other provinces/territories, please click here.
Welcome Bonus
Up to 20,000 points ($165 in cash back value or $200 when redeemed for MBNA Travel)††
Annual Fee
$120
Interest Rates
21.99% / 21.99%
RECOMMENDED CREDIT SCORE
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
Coverage
Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
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Car Rental Damage & Theft
31 days
Flight Delay
$500/person after 4 hours
Common Carrier Travel Accident Insurance
$1,000,000
Travel Medical Insurance (64 & under)
$2M for 21 days
Lost or Stolen Baggage
$1,000/personBaggage Delay
$1,000/person
Price Protection
$500/item, $1,000/account per year
Benefits
Details
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)
Car Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car in Canada and US and 5% internationally
Trip and legal Assistance
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Concierge Services
Eligibility
Credit Score
GoodAnnual Income
$80,000 personal or $150,000 household
Welcome Bonus Details
- Receive 15,000 bonus points†† ($125 in cash back value) after your first eligible purchase within the first 90 days of account opening.
- Receive 5,000 bonus points†† once enrolled for e-statements within the first 90 days of account opening.
- This offer is only available to residents of Quebec. For residents of other provinces/territories, please click here.
Card Details
Interest Rates
Purchase APR
21.99%
Cash Advance APR
21.99%
Balance Transfer APR
21.99%
Fees
Annual Fee
$120
Additional Cards
$50
Eligibility
Minimum Individual Income
$80,000
Minimum Household Income
$150,000
Credit Score Estimate
Good
Type
Pros & Cons
Pros
- High grocery optimization
- High dining optimization
- Annual birthday bonus
- Solid travel insurance
- Rare price protection
- Good redemption values
Cons
- Missing key insurance categories
- Low gas optimization
- Annual fee
- High income requirements
Get personalized rewards estimates — see exactly how much you could earn.
MBNA Rewards World Elite® Mastercard® (QC) Points Calculator