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 is a comprehensive card that offers up to 30,000 MBNA Rewards bonus points for you to enjoy as you wish.

MBNA is a solid financial institution in the Canadian market as well, providing a range of financial services such as account management, investments, and, of course, credit cards.

The MBNA Rewards World Elite Mastercard combines the refinement of benefits from one of the world’s largest operators with MBNA’s cashback rewards. 

First of all, the card has a limit that adapts well to different needs, with an annual primary cardholder fee of $120 and $50 per additional card. The interest rates are 19.99% for purchases and 22.99% for balance transfers.

In terms of cashback, the card offers MBNA Rewards points that never expire, and you earn 1 point for every dollar spent on eligible purchases. 

Additionally, you receive 5 points for every $1 spent on restaurant purchases, groceries, digital media, subscriptions, and home services.

You can redeem your points for cash back, brand-name products, gift cards, charitable donations, and travel.

For example, 20,000 points can get you a pair of headphones or a $100 gift card, while 50,000 points can give you a trip from Toronto to Montreal!

The card offers bonuses for new users in two stages:

• 20,000 bonus points after making more than $2,000 in purchases within the first 90 days after account opening.
• 10,000 points after signing up for paperless electronic statements within the first 90 days of account opening.

In total, you can receive up to 30,000 points, equivalent to US$245 in benefits. If you want to learn more, keep reading.

Who can Apply?

The MBNA card has clear eligibility requirements, following standard criteria from Canadian banks.

You must be a resident of Canada, of legal age (18 or 19 years old, depending on the province). The minimum annual income is $80,000 personally or over $150,000 considering household income.

Other than that, there are no major prerequisites for getting the card, but every application is subject to the bank’s availability.

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

You can start the application process directly on the MBNA platform by selecting the card application form. After reviewing privacy checks, you’ll need to provide the following information:

• First and last name, residential address, housing status (owner, renter, or living in another country), rent payment, years at 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 can also add an authorized user and sign up for the Payment Protection Plan. After submitting the information, the bank will conduct a credit analysis. In case of any questions, you can contact MBNA.

More Details

The card has a special benefit: the anniversary bonus. Every year, on your anniversary date, you receive 10% of the total number of points earned by the account over the last 12 months, up to a maximum of 15,000 points. 

The card also includes emergency replacement services, travel assistance, legal assistance, concierge services, and coverage and support, all thanks to the Mastercard network.

MBNA provides travel medical insurance, lost baggage insurance up to $1,000, mobile device insurance of $1,000, price protection service, and trip delay insurance. 

The card also offers savings on car rentals with Avis, providing more security with Mastercard Zero Liability to protect against unauthorized purchases. 

In this way, MBNA offers a very comprehensive card for all preferences, usable in day-to-day life with great confidence.

Want to learn another option?

If you’re looking for another option in the Canadian market, you can check out the Tangerine World Mastercard, which offers similar benefits and 2% cashback in up to 3 categories.

The card also comes with Mastercard benefits, including international services and up to 5 free cards, and you can already see how to apply.

Written by

Gabriel Gonçalves