MBNA Rewards World Elite® Mastercard® vs MBNA True Line® Gold Mastercard®
Which one is better? Both cards worked out on the same spending: rewards, welcome bonus, fees and perks, line by line.
Welcome bonus
Each offer as the issuer words it. The numbers below show whether your spending reaches it.
The offer
The offer
- 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. For residents of Quebec, please click here.
N/A
What each card is worth
Rewards, the welcome bonus and any Finly rebate in, the annual fee and FX fees out, all on your spending.
Worked out on a typical $2,000 a month of spending. Enter yours to see your own numbers.
$772
First-year value
Doesn't earn rewards
$472
Every year after
Doesn't earn rewards
Only MBNA Rewards World Elite earns rewards we can work out.
Compare the fees, rates and perks below.
How the first year adds up
Annual rewards
$592.44
59,244 points a year
Welcome bonus
+ $300
first year only
Annual fee
− $120
First-year value
$772.44
No figures for this card.
Where each card earns
A year of your spending at each card's own reward rates, most first.
5xAll categories with 5x multipliers
44,076 pts
$440.76
1xAll other purchases
15,168 pts
$151.68
Doesn't earn rewards
Fees, rates and eligibility
What each card costs to hold and to use abroad, and who it's for.
Annual fee
Additional cards
Interest rates
Interest rates
Purchase:
21.99%
Cash Advance:
22.99%
Balance Transfer:
22.99%
Purchase:
10.99%
Cash Advance:
24.99%
Balance Transfer:
13.99%
Recommended credit score
Recommended credit score
Income required
Income required
Min Personal Income:
$80,000
Min Household Income:
$150,000
Min Personal Income:
N/A
Min Household Income:
N/A
How each card earns
The earn rates and caps, as each issuer sets them.
- 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.
- 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
Points and how we value them
Points become dollars at each card's best redemption. Here's the value we used, and every other way to spend them.
Loyalty program
Loyalty program
We count each point at 1¢ a point, what it's worth redeemed for Travel, its best value. Every dollar figure above uses that value.
Cash back: every dollar it earns counts as a dollar, so there's nothing to convert.
Point redemption options
Point redemption options
Most Optimal
Travel
1¢ / point
Gift Cards
0.98¢ / point
Statement Credits (Cash) - World Elite
0.82¢ / point
Merchandise
0.8¢ / pointStatement Credits (Cash) - Platinum
0.5¢ / point
Nothing to redeem: it pays cash back.
Insurance and perks
What both cards include comes first in each list.
Insurance
Insurance
Extended Warranty
1 year
Purchase Protection
90 days
Lost or Stolen Baggage
$1,000/person
Baggage Delay
$1,000/person.svg)
Car Rental Damage & Theft
31 days
Common Carrier Travel Accident Insurance
$1,000,000
Mobile Device Insurance
$1,000
Price Protection
$500/item, $1,000/account per year
Travel Medical Insurance (64 & under)
$2M for 21 daysFlight Delay
$500/person after 4 hours
Extended Warranty
Doubled up to 1 yearPurchase Protection
90 days
Perks
Perks
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
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).svg)
Concierge Services
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
Our take
Why we like it
Why we like 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.
A great card for having a permanently low interest rate on your purchases and balance transfers, however you do not earn any rewards.
Pros
Pros
- High grocery optimization
- High dining optimization
- Annual birthday bonus
- Solid travel insurance
- Rare price protection
- Good redemption values
- Low purchase interest rate
- Low balance transfer rate
- Fraud protection
- Car rental discounts
- Trip and legal assistance
- Credit transfers
Cons
Cons
- Missing key insurance categories
- Low gas optimization
- Annual fee
- High income requirements
- High cash advance rate
- No rewards
More comparisons
Other cards we've put each of these up against.
vs Amazon Rewards Mastercard
vs Amex Aeroplan Reserve
vs Amex Aeroplan®
vs Amex Cobalt
vs Amex Gold
vs Amex Green
vs Amex Platinum
vs Amex SimplyCash
vs BMO CashBack World Elite
vs MBNA True Line
vs Neo World Elite® Mastercard – Gas & Grocery
vs PC World Elite Mastercard
vs RBC ION+ Visa
vs Rogers Red World Elite
vs Scotia Amex Gold
vs Scotia Momentum Visa Infinite +
vs Scotiabank Passport
vs Simplii Financial Visa Card
vs TD Aeroplan Visa Infinite Privilege
vs TD First Class Travel
Legal
*, ††, ‡, ✪, ***, ††††, Terms and Conditions apply.
This offer is not available for residents of Quebec. For residents of Quebec, please click here.
Standard Annual Interest Rates of 21.99% on eligible purchases, 22.99% on balance transfers✪, and 22.99% on cash advances
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.
✪, 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.
