Learn How to Apply for a MBNA Rewards World Elite Mastercard

What do I need to know before applying?

The MBNA Rewards World Elite Mastercard offers up to 30,000 bonus points for new sign-ups and up to 5 points for every $1 spent on purchases at restaurants and supermarkets!

MBNA is a well-established financial institution within the Canadian market, offering a diverse array of services that include account management, investment opportunities, and a selection of credit cards.

The MBNA Rewards World Elite Mastercard combines the premium benefits offered by one of the largest global operators with MBNA’s attractive cashback rewards.

This card features a flexible credit limit suitable for various needs, with an annual fee of $120 for the primary cardholder and an additional $50 for each extra card. The interest rates are set at 19.99% for purchases and 22.99% for balance transfers.

Regarding cashback, cardholders earn MBNA Rewards points that do not expire, accumulating 1 point for every dollar spent on eligible purchases.

Moreover, you earn 5 points for every $1 spent on dining, groceries, digital media, subscriptions, and home services.

Points can be redeemed for cashback, brand-name items, gift cards, donations to charities, and travel experiences.

For instance, 20,000 points can be exchanged for a pair of headphones or a $100 gift card, while 50,000 points can cover a trip from Toronto to Montreal.

The card also provides bonuses for new cardholders in two phases. The first gives 20,000 bonus points after spending over $2,000 within the first 90 days of account opening and more than 10,000 points for opting into paperless electronic statements during the first 90 days.

In total, you can earn up to 30,000 points, which is equivalent to approximately $245 in benefits.

Who can Apply?

The MBNA card has specific eligibility criteria that align with typical standards set by Canadian banks.

To qualify, applicants must be residents of Canada and of legal age, which is either 18 or 19 depending on the province.

The minimum required annual income is $80,000 for individuals or over $150,000 for households.

Aside from these conditions, there are no significant barriers to obtaining the card, but each application is contingent upon the bank’s assessment.

How do I Apply for the MBNA Rewards World Elite Mastercard?

You can initiate the application process directly through the MBNA website by selecting the card application form. After going through privacy checks, you will need to provide the following details:

Full name, residential address, housing situation (homeowner, renter, or residing abroad), monthly rent payment, duration at the current address, and phone number.

• Social Security number (optional), date of birth, mother’s maiden name, email address, and employment status (employed, student, self-employed, etc.).

You also have the option to include an authorized user and enroll in the Payment Protection Plan. Once you submit your information, the bank will perform a credit assessment. If you have any inquiries, you can reach out to MBNA for assistance.

More Details

The card features a unique advantage known as the anniversary bonus. Each year, on your anniversary date, you’ll receive a bonus equal to 10% of the total points accumulated in your account over the previous 12 months, with a cap of 15,000 points.

Additionally, the card provides various services through the Mastercard network, including emergency card replacement, travel assistance, legal support, and concierge services.

MBNA also offers travel medical insurance, coverage for lost baggage up to $1,000, mobile device protection valued at $1,000, price protection services, and trip delay insurance.

Moreover, cardholders can enjoy discounts on car rentals with Avis, along with the added security of Mastercard Zero Liability to safeguard against unauthorized transactions.

Overall, MBNA presents a well-rounded card suitable for diverse preferences, ensuring reliable use in everyday situations.

Want to learn another option?

The Tangerine World is another great Mastercard option for your daily life, offering 2% cashback in 2 categories with the potential to unlock a third option. 

Tangerine is well-equipped for your daily management, providing smartphone insurance and up to 5 free cards—see how to apply. 

Written by

Gabriel Gonçalves