The MBNA Rewards World Elite® Mastercard® is a premium credit card designed for Canadians seeking to maximize their rewards on everyday purchases. With a generous welcome offer of up to 30,000 bonus points, competitive rewards on various spending categories, and additional perks like birthday bonus points and flexible redemption options, this card stands out in the market. Cardholders can enjoy 5 points per dollar on eligible restaurant, grocery, digital media, membership, and household utility purchases up to $50,000 annually, and 1 point per dollar on all other purchases. Furthermore, the card includes a convenient payment plan feature for large purchases. The MBNA Rewards World Elite® Mastercard® also ensures that your points never expire as long as your account remains in good standing.
Advantages of the card MBNA Rewards World Elite® Mastercard®
The MBNA Rewards World Elite® Mastercard® offers numerous advantages for cardholders. The most notable is the welcome offer, where you can earn up to 30,000 bonus points within the first 90 days of account opening. This includes 20,000 points for spending $2,000 and an additional 10,000 points for enrolling in paperless e-statements. The card also rewards you with 5 points for every dollar spent on eligible categories such as restaurants, groceries, digital media, memberships, and household utilities, up to $50,000 annually. Other benefits include a 10% birthday bonus on points earned in the previous year and the flexibility to redeem points for cash back, merchandise, gift cards, travel, and charitable donations.
Disadvantages of the card MBNA Rewards World Elite® Mastercard®
Despite its many benefits, the MBNA Rewards World Elite® Mastercard® has some drawbacks. The annual fee is $120 for the primary cardholder and $50 for additional cardholders, which might be a deterrent for some potential users. The interest rates are also relatively high, with 19.99% for purchases, 24.99% for cash advances, and 22.99% for balance transfers. Additionally, the eligibility requirements are stringent, requiring a personal annual income of over $80,000 or a household income of $150,000 or more, which may exclude some applicants.
Extra features offered by MBNA Rewards World Elite® Mastercard®
The MBNA Rewards World Elite® Mastercard® includes several extra features that enhance its appeal. One standout feature is the MBNA Payment Plan, which allows cardholders to pay off eligible purchases of $100 or more in monthly installments over 6, 12, or 18 months, making it easier to manage large expenses. The card also provides extensive security features, including fraud protection and zero liability for unauthorized transactions. Cardholders can take advantage of Mastercard’s global acceptance and enjoy exclusive travel and lifestyle benefits.
Learn how to apply for your credit card MBNA Rewards World Elite® Mastercard®
Applying for the MBNA Rewards World Elite® Mastercard® is a straightforward process. Interested applicants can apply online through MBNA’s secure website. The online application is designed to be quick and user-friendly, allowing you to complete the process in just a few minutes.
Discover the main ways to apply for the card MBNA Rewards World Elite® Mastercard®
There are several ways to apply for the MBNA Rewards World Elite® Mastercard® to suit different preferences. You can apply online, via the MBNA mobile app, or by visiting a participating agency. Each method offers a convenient way to start enjoying the benefits of this premium credit card.
Prerequisites for request
To be eligible for the MBNA Rewards World Elite® Mastercard®, applicants must meet certain prerequisites. These include being a Canadian resident of the age of majority in your province or territory and having a personal annual income of over $80,000 or a household income of $150,000 or more. It’s essential to ensure you meet these requirements before applying.
From the site
To apply from the site, visit the MBNA website, navigate to the MBNA Rewards World Elite® Mastercard® page, and click on the ‘Apply Now’ button. Follow the prompts to complete your application.
From the site App
You can also apply using the MBNA mobile app. Download the app, log in or create an account, and select the MBNA Rewards World Elite® Mastercard® to begin your application.
By agency
For those who prefer a face-to-face application process, visit a participating agency. Bring necessary identification and income verification documents to complete your application with the help of a representative.
The MBNA Rewards World Elite® Mastercard® is an excellent choice for high-income individuals looking to maximize their rewards on everyday purchases. With its generous bonus points, competitive rewards structure, and flexible redemption options, it offers substantial value. However, potential applicants should be aware of the high annual fee and stringent income requirements. Overall, this card is well-suited for those who can leverage its benefits to the fullest.
