How Much is the Value of 5,000 MBNA Rewards Points?
How much is the value of 5,000 MBNA Rewards points?
MBNA Rewards Points are earned through MBNA's rewards credit cards, allowing cardholders to accumulate points on everyday purchases. These points can be redeemed for a variety of rewards, including travel, merchandise, gift cards, and statement credits. The program provides flexibility in how points can be used, making it a convenient option for earning rewards on regular spending.
Tired of guessing what the value of 5,000 MBNA Rewards points is? FinlyWealth's point calculator tool can estimate the value of your points when redeemed through various options in Canada.
It depends on how you redeem them. Based on the values on this page, 10,000 MBNA Rewards points are worth about $100 in travel credit (1 cpp), about $98 in gift cards (0.98 cpp), about $80 in merchandise (0.8 cpp), and between about $50 and $83 in cash (0.5 – 0.83 cpp), depending on which MBNA Rewards credit card you have.
Log into your MBNA account and click “Manage Rewards” to redeem for travel, cash back or charitable donations. For gift cards and merchandise, open the Rewards Catalogue on the MBNA website. You can also call the MBNA Rewards Centre to turn your points into cash.
Sign into your MBNA account, select “Manage Rewards” and then “Cashback and Charitable Donations” (or call the MBNA Rewards Centre) to apply your points as a statement credit, a deposit into your personal chequing account, or a donation to a participating charity.
MBNA Rewards Program Breakdown
To truly understand just how lucrative your MBNA points can be, keep scrolling.
How do you Redeem your MBNA Rewards Points? 🤑
Now that you know where MBNA Rewards points come from, the only logical next step is to understand how you can use them.
In short, you can redeem MBNA Rewards points by logging into your MBNA account and heading to “Manage Rewards” for travel, cash back, and charitable donations, or by opening the Rewards Catalogue on the MBNA website for gift cards and merchandise. You can also call the MBNA Rewards Centre to turn your points into cash.
Below, we’ve built a redemption table that clearly highlights every redemption category, opportunity, and overall point value within each respective redemption category, so you can get a better idea of how to turn your points into something lucrative.
For your convenience, we’ve also listed these categories from most valuable to least valuable, so you’ll be well-versed on where your points will serve you best.
Redemption Category
Redemption Opportunities
Estimated Average Point Value (cents per point)
MBNA Travel
Use your MBNA Rewards points to book eligible travel arrangements like flights, hotel stays, vacation packages, and rental cars.
1 cpp
(10,000 points = a $100 travel credit)
Gift Cards
Applying your points towards an eligible gift card purchase from brands like:
Cineplex
DoorDash
Roots
Starbucks
Winners/HomeSense
Indigo
The Home Depot
Sport Chek and more
0.98 cpp
(amount of points required for purchase / cost of gift card)
Merchandise
Browse through eligible merchandise online and redeem points for your product purchases.
0.8 cpp
(amount of points required for purchase / cost of product)
Cash
Turning your points into cash to use towards statement credits or charitable donations to participating organizations.
0.5 - 0.83 cpp
(varying values depending on whether you’re redeeming points for cash with the MBNA Rewards World Elite Mastercard or the MBNA Rewards Platinum Plus Mastercard)
Here's some more insight into each redemption category:
If you’re planning on taking a trip, courtesy of your MBNA Rewards points, you can expect the following travel redemption options:
Flights– use your points to pay for plane tickets through tons of airlines (whether international or domestic) and avoid blackout dates.
Hotel Stays – Accumulate points to cover hotel accommodations at luxury properties around the world.
Vacation Packages – Resort planning can be made easy by bundling your flight, stay, and activities into plenty of exclusive packages.
Car Rentals – Sometimes it’s not about the destination, but more so the journey. Enjoy yours by redeeming your MBNA Rewards points towards top-tier rental cars.
No matter which redemption option you choose, you’ll essentially use 10,000 MBNA points to for every $100 travel credit.
To effectively search and redeem for travel, you’ll need to log into your MBNA account. From there, you’ll want to click on “Manage Rewards”, then select "Travel" to be redirected to MBNA’s travel booking website.
Give your loved ones the gift of choice and yourself the gift of saving by buying gift cards using your MBNA Rewards points.
In the following table, we’ve broken down this redemption category even further.
Gift Card Type
Redemption Options
Point Value Ranges
E-Gift Card
Purchase e-gift cards through participating brands, including but not limited to:
Bath & Body Works
H&M
Kobo
Wayfair
Amazon
Cineplex
Xbox
Old Navy and more
Anywhere from 0.91 cpp - 1+ cpp (depending on gift card value)
Physical Gift Card
Purchase physical gift cards through participating brands, including but not limited to:
DoorDash
Indigo
Cineplex
Roots
Starbucks
The Keg
Simons
Mark’s and more
Anywhere from 0.81 cpp - 0.98 cpp (depending on gift card value)
The cent-per-point value of your gift card will depend on the overall value of your gift card ($25, $30, $50, $100, or $200) and the amount of points required to cover that value.
To purchase your gift card, simply:
Log into the MBNA website and open up the Rewards Catalogue.
From there, select either “E-Gift Cards” or “Gift Cards” from the menu and sift through your options.
To check out, provide your shipping and payment information to finalize your order.
Why hang on to points when you can transform them into popular products?
When you redeem your MBNA Rewards points for eligible merchandise you can extract some high values from them. In fact, in some cases, the cent-per-point value on certain products may even surpass the cent-per-point value of MBNA Travel redemptions, but this really all depends on the product and availability, making it a less consistent high-redemption option.
Available merchandise will vary, but product categories tend to remain the same. Choose items from categories like:
Toys
Electronics
Fashion and Accessories
Health and Wellness
Home and Garden
Kitchen and Dining
Luggage and Bags
Sports and Leisure
How do I Calculate a Product’s Point Value?
Since products vary, so do point values. With this in mind, rather than give you an unreliable range of values, we’ll teach you how to calculate a product’s point value instead.
To decipher how much your points are worth depending on the product, simply divide the price of the product by the amount of points necessary to cover the cost, then multiply that value by 100.
For example, if a pair of sunglasses in the Rewards Catalogue costs $120 CAD and you need 13,000 points to cover that cost, then the value of your MBNA points in this particular case is about 0.9 cpp.
Whether you want to use your points to put cash back into your bank account or you want to pay your points forward by donating them to charity, the MBNA Rewards Program has you covered.
To trade points for cash, you can either call the MBNA Rewards Centre or visit the MBNA website and log into your account. Once signed in, hit “Manage Rewards” and select “Cashback and Charitable Donations.” From here, decide whether you want to turn your MBNA points into a credit on your credit card balance, deposit them into your personal chequing account, or donate their value to partnered charity organizations. As of now, participating charities include the Canadian Cancer Society, the United Way of Canada, and the Children’s Wish Foundation.
Whether you’re choosing to redeem your points towards a statement credit or charitable donation, note that the value of your MBNA Rewards points will depend on which MBNA Rewards Credit Card you have.
So, What’s the Best Way to Optimize my MBNA Rewards Points?
Based on the values plugged into the above redemption tables, the best way to optimize your MBNA Rewards points is to redeem your points towards MBNA Travel. This redemption category offers a point value of 1 cpp, which is the most consistently high cent-per-point value available through this rewards program.
Of course, sometimes, there may be some redemption options within other redemption categories that have the potential to provide better point values. For example, certain merchandise or gift cards could accumulate a higher cent-per-point value, but these values are far less dependable by comparison.
So, how much are MBNA Rewards points worth? Using the values above, 10,000 points get you about $100 in travel credit (1 cpp), about $98 in gift cards (0.98 cpp), about $80 in merchandise (0.8 cpp), and between about $50 and $83 in cash (0.5 – 0.83 cpp, depending on your card).
Are MBNA Rewards Worth it?
Whether you’re an avid traveller or a savvy shopper, the MBNA Rewards program will provide you with plenty of flexible redemption options.
Ultimately though, you’re going to consistently squeeze the most value out of your MBNA Rewards points if you redeem them towards eligible travel.
Sometimes, however, you may even snag better point values through merchandise or gift card redemptions – so keep an eye out for these exclusive opportunities!
.png&w=96&q=75){kind=small}
