Rewards Calculator Algorithm
You can estimate your rewards by inputting your monthly or yearly spending habits.
Finly factors in all the reward limits and fine prints of every single credit card so you can be sure your results are as accurate as possible.
Your Spending
Modify your spending numbers and click update to get the most accurate reward estimates.
$2,000
Restaurant, Fast Food & Coffee Shop
$
Grocery
$
Recurring Purchases (Bills, Subscriptions, Rent via Chexy)
$
Gas
$
Transportation
$
Entertainment (Movies, Concerts, etc.)
$
Foreign Purchases (Non $CAD)
$
Travel (Flights, Hotels, etc.)
$
Pharmacy
$
Online Shopping
$
Home Improvement (Renovation, Furniture)
$
Purchases at Canadian Tire, Sport Check, Lquipeur, Atmosphere, Party City, SportsRousseau, HockeyExperts, LentrepduHockey
$
Other Purchases Not Specified
$
Card Details
Based on $2,000 spending
First Year Value
$379.46
$329.46 in years after
Annual Rewards
$329.46
MBNA Rewards
First Year Bonus
$50
MBNA Rewards
Annual Fee
$0
First Year Value
$379.46
$329.46 in years after
Interest Rates
Cash Advance: 24.99%
Purchase: 19.99%
Balance Transfer: 22.99%
Annual Fee
$0
Annual Income
Personal: N/A
Household: N/A
Credit Score
Good
Welcome Bonus
2,500 bonus points ($12.50 in cash back value) after your first eligible purchase within the first 90 days of account opening and 2,500 bonus points ($12.50 in cash back value) once enrolled for e-statements within the first 90 days of account opening
Card Type
Category: Points
Loyalty Program: MBNA Rewards
Our Rating
2.1/5
Institution
MBNA
Rewards
- 2x points per $1 spent on restaurant, grocery, digital media, membership, and household utility purchases (max $10,000 spent annually per category)
- 1x point per $1 spent on all other eligible purchases
The Royal Canadian Legion MBNA Rewards Mastercard® Points Calculator
Based on $2,000 spending
Rewards Ranking
Rewards Breakdown
All categories with bonus points
17,892 points
All other purchases
15,054 points
Net Annual Rewards
32,946 points
Valued at $329.46
Rewards Summary
Net Annual Rewards
32,946 points
Valued at $329.46
First Year Card Bonus
5,000 points
Valued at $50
First Year Card Value
37,946 points
Valued at $379.46
Point Redemptions
Redemptions Chart
Travel
$379.46
Gift Cards
$314.95
Merchandise
$303.57
Statement Credits - Platinum
$189.73
Insurance & Benefits
Insurance
Coverage
Purchase Protection
Up to 90 days
Extended Warranty
Up to a year
Mobile Device Insurance
$1,000
Benefits
Details
Car Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car in Canada and US and 5% internationally
Annual Birthday Bonus
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 (max 10,000 points annually)
Pros & Cons
Pros
- No annual fee: You can earn rewards without worrying about an annual cost.
- Support for veterans: Every eligible purchase helps advocate for the care of Canadian veterans and their families.
- Flexible rewards program: Earn points that can be redeemed for cash back, merchandise, gift cards, travel, or charitable donations.
- Birthday bonus: Earn 10% of the points you've accumulated in the previous year as a birthday bonus, up to 10,000 points annually.
- 2,500 bonus points for signing up and an additional 2,500 points for enrolling in e-statements within 90 days.
Cons
- Low points value: Each point is valued at around $0.005, meaning you'll need to accumulate a significant amount for substantial rewards.
- Category spend limit: The 2 points per dollar rate applies only to specific categories like groceries, restaurants, and utilities, and is capped at $10,000 annually.
- Limited bonus potential: The total welcome bonus is relatively modest compared to other cards.