MBNA Rewards World Elite Mastercard Review

Prepare to experience a new level of rewards with the MBNA Rewards World Elite Mastercard Credit Card.

The MBNA Rewards World Elite Mastercard stands out as a formidable contender in the premium credit card market, offering an incredible 5-points-per-dollar earning rate on key categories that align perfectly with a modern lifestyle. 

It’s time to transform your spending into exciting possibilities and enjoy the privileges and flexibility that come with being a World Elite cardholder.

CREDIT CARD

MBNA Rewards World Elite

20,000 welcome bonus MBNA Rewards Points

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Ways to Benefit: A World of Elite Advantages

The MBNA Rewards World Elite Mastercard is loaded with features designed to provide superior value, robust rewards, and significant peace of mind for cardholders in Barrie and across the globe.

1. Phenomenal 5X Points on Key Categories: This is the heart of the card’s power! You’ll earn a massive 5 MBNA Rewards points for every $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases. This accelerated rate on such broad and essential categories means your points balance will skyrocket with your everyday spending.
2. Generous Welcome Offer: Kickstart your rewards journey with a substantial welcome bonus! New cardholders are often greeted with an offer of up to 20,000 bonus points, providing immediate and significant value that can be redeemed for travel, cash back, and more right from the start.
3. Birthday Bonus Points: Celebrate your special day with a gift from MBNA! You’ll receive Bonus Points equal to 10% of the total number of points you earned in the 12 months before your birthday, up to a maximum of 15,000 points.
4. Solid 1X Base Earn Rate: For all other eligible purchases that don’t fall into the 5X accelerator categories, you’ll still earn a reliable 1 point for every $1 spent. 
5. Mastercard Airport Experiences Provided by DragonPass: Enhance your travel days with a complimentary membership in the DragonPass program. This gives you access to over 1,300 airport lounges worldwide, plus airport dining and spa offers.
6. Flexible and Valuable Redemptions: Your MBNA Rewards points are both powerful and flexible. Redeem them for travel through the MBNA Rewards Centre, for cash back applied as a statement credit, for merchandise, gift cards, or even charitable donations.

Who Can Apply: Eligibility for World Elite Status

To be eligible for the premium MBNA Rewards World Elite Mastercard, applicants in Barrie must meet higher qualification criteria:

• Age of Majority: You must be at least 18 years old.
• Canadian Resident: You must be a resident of Canada.
• Minimum Annual Income: You must meet one of the following minimum annual income requirements:
  • A personal annual income of $80,000, OR
  • A household annual income of $150,000.
• Good to Excellent Credit Score: A strong credit history and a good to excellent credit score (typically suggested to be 725 or higher) are essential for approval. MBNA will conduct a thorough credit assessment.

How to Apply: Steps to Secure Your Premium Card

Applying for the MBNA Rewards World Elite Mastercard is a straightforward process that can be completed online.

1. Visit the MBNA Website: Navigate to the credit cards section on the official MBNA Canada website.
2. Select the Card: Find the MBNA Rewards World Elite Mastercard and click to view its features.
3. Review the Details: Thoroughly read through the card’s benefits, rewards structure, insurance coverages, the annual fee ($120), and interest rates to ensure it aligns with your financial profile.
4. Click “Apply Now”: Begin the secure online application form.
5. Provide Your Information: Be prepared to fill out the application with your personal details (name, date of birth, address, SIN), as well as your employment and income information to verify you meet the eligibility requirements.
6. Consent to a Credit Check: As part of the application, you must agree to allow MBNA to perform a credit check.
7. Review and Submit: Carefully double-check all your information for accuracy before submitting your application.
8. Await a Decision: You may receive an instant decision online. If not, MBNA will notify you of their decision within several business days.

Frequently Asked Questions (FAQ)

1. What is the annual fee for this card?
   The annual fee is $120. Welcome offers may waive this fee for the first year.
2. What are the 5X points categories?
   You earn 5 points per dollar on eligible restaurants, groceries, digital media, memberships, and household utility purchases.
3. Is there a cap on the 5X points?
   Yes, the 5X earn rate applies to the first $50,000 in spending annually within each of those categories.
4. How much are my points worth?
   For travel booked through the MBNA Rewards Centre, points are worth 1 cent each (10,000 points = $100). For cash back, they are worth 0.5 cents each (10,000 points = $50).
5. What kind of travel insurance is included?
   It includes up to $2 million in Emergency Medical Insurance (21 days), Trip Interruption, Flight Delay, and Delayed/Lost Baggage insurance, among others.

CREDIT CARD

MBNA Rewards World Elite

Cash Advance MBNA Rewards Points

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