PC World Elite Mastercard vs MBNA Rewards World Elite® 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 PC points ($20 value)
- 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.
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.
$284
First-year value
$772
$264
Every year after
$472
MBNA Rewards World Elite is worth $489 more to you in year one.
It stays ahead after that, by $209 a year.
How the first year adds up
Annual rewards
$263.51
263,508 points a year
Welcome bonus
+ $20
first year only
Annual fee
− $0
no annual fee
First-year value
$283.51
Annual rewards
$592.44
59,244 points a year
Welcome bonus
+ $300
first year only
Annual fee
− $120
First-year value
$772.44
Where each card earns
A year of your spending at each card's own reward rates, most first.
30xParticipating grocery stores at President's Choice rewards
27,084 pts
$27.08
19xESSO, MobilGas
4,920 pts
$4.92
45xShoppersDrugMart
4,044 pts
$4.04
10xAll other purchases
227,460 pts
$227.46
5xAll categories with 5x multipliers
44,076 pts
$440.76
1xAll other purchases
15,168 pts
$151.68
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:
22.97%
Purchase:
21.99%
Cash Advance:
22.99%
Balance Transfer:
22.99%
Recommended credit score
Recommended credit score
Income required
Income required
Min Personal Income:
$80,000
Min Household Income:
$150,000
Min Personal Income:
$80,000
Min Household Income:
$150,000
How each card earns
The earn rates and caps, as each issuer sets them.
- 45 points per $1 dollar spent at Shoppers Drug Mart® stores
- 30 points per $1 dollar spent at Atlantic Superstore, Extra Foods, Fortinos, Loblaws, Maxi, Maxi & cie, no frills, Provigo, Real Canadian Superstore, SaveEasy, SuperValu, valu-mart, Your Independent Grocer, Zehrs
- 20 points per $1 spent in PC travel
- 19 points per $1 dollar spent at ESSO and Mobil (it's 30 points per liter and the assumption of average gas price of $1.6 was made)
- 10 points per $1 dollar spent for everything else
- 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.
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 0.1¢ a point, what it's worth redeemed for Groceries, its best value. Every dollar figure above uses that value.
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.
Point redemption options
Point redemption options
Most Optimal
Groceries
0.1¢ / point.svg)
Gas (Esso)
0.1¢ / point
Statement Credits (Cash)
0.07¢ / point
Most Optimal
Travel
1¢ / point
Gift Cards
0.98¢ / pointStatement Credits (Cash) - World Elite
0.82¢ / point
Merchandise
0.8¢ / pointStatement Credits (Cash) - Platinum
0.5¢ / point
Insurance and perks
What both cards include comes first in each list.
Insurance
Insurance
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Car Rental Damage & Theft
Up to 31 days
Extended Warranty
Doubled up to a year
Purchase Protection
90 days
Travel Medical Insurance (64 & under)
$1M, Up to 10 days
Car Rental Damage & Theft
31 daysExtended Warranty
1 yearPurchase Protection
90 daysTravel Medical Insurance (64 & under)
$2M for 21 days
Lost or Stolen Baggage
$1,000/person
Baggage Delay
$1,000/person
Common Carrier Travel Accident Insurance
$1,000,000
Mobile Device Insurance
$1,000
Price Protection
$500/item, $1,000/account per yearFlight Delay
$500/person after 4 hours
Perks
Perks
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Concierge Services
Identity Theft Assistance
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% 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)
Our take
Why we like it
Why we like it
This is a great card to have in your arsenal if you frequently shop at Shoppers Drug Mart®, Loblaw's owned chains, and ESSO and Mobil gas stations, as you will earn significant rewards in these categories. The additional benefits, such as out-of-province medical insurance, car rental damage insurance, and concierge service, are impressive and typically only come with cards that have annual fees; however, you can access these benefits for free with this card. We do not recommend using this as your primary credit card but as a supplement to another primary card, especially because there are no fees. This is because the rewards on purchases outside the mentioned shops are very average, and many other cards offer much more substantial rewards for general use.
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
Pros
- No annual fee
- Decent insurance
- Decent rewards
- High grocery optimization
- High dining optimization
- Annual birthday bonus
- Solid travel insurance
- Rare price protection
- Good redemption values
Cons
Cons
- Limited rewards
- Income requirements
- Missing key insurance categories
- Low gas optimization
- Annual fee
- High income requirements
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 MBNA True Line Gold
vs Neo World Elite® Mastercard – Gas & Grocery
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.
