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The MBNA Rewards World Elite Mastercard is a premium credit card designed for those who seek high rewards and extensive benefits.

This guide will walk you through the workings, advantages, disadvantages, worthiness, requirements, application process, and frequently asked questions about the MBNA Rewards World Elite Mastercard.

How Does the MBNA Rewards World Elite Mastercard Work?

The MBNA Rewards World Elite Mastercard operates like a standard credit card but with enhanced benefits for its users.

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Cardholders earn reward points on their purchases, which can be redeemed for various rewards including travel, merchandise, gift cards, and cashback.

Additionally, this card offers several travel and purchase protections, making it an attractive choice for frequent travelers and shoppers.

→ CLICK HERE TO REQUEST YOUR CREDIT CARD

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Advantages of the MBNA Rewards World Elite Mastercard

  • Generous Rewards Program: Earn 2 MBNA Rewards points per dollar spent on eligible purchases, and 1 point per dollar on all other purchases.
  • Welcome Bonus: New cardholders can receive a substantial welcome bonus, which boosts their points balance significantly upon meeting the spending criteria.
  • No Expiry on Points: MBNA Rewards points do not expire as long as the account is open and in good standing.
  • Annual Fee Rebate: Some promotions may include a rebate on the first year’s annual fee.
  • Flexible Redemption Options: Points can be redeemed for travel, merchandise, gift cards, or cash back, providing flexibility to cardholders.
  • Airport Lounge Access: Complimentary access to airport lounges through the Mastercard Airport Experiences provided by LoungeKey.
  • Purchase Protection and Extended Warranty: Purchases made with the card are protected against theft or damage, and the warranty period is extended beyond the manufacturer’s warranty.
  • Price Protection: If you find a lower price for an item you purchased with your card within a specified period, you can claim the difference.
  • Concierge Service: Access to a 24/7 concierge service for assistance with travel arrangements, event bookings, and more.

Disadvantages of the MBNA Rewards World Elite Mastercard

  • Annual Fee: The card comes with a $120 annual fee, which may be a drawback for some users.
  • High Income Requirement: Applicants must have a personal income of at least $80,000 or a household income of $150,000.
  • Foreign Transaction Fees: A foreign transaction fee of 2.5% applies to purchases made outside of Canada.

Is the MBNA Rewards World Elite Mastercard Worth It?

The MBNA Rewards World Elite Mastercard is worth it for individuals who can maximize the rewards and benefits, such as frequent travelers and those who can leverage the insurance protections.

However, the annual fee and high-income requirement may not make it suitable for everyone.

If you can take full advantage of the rewards program and associated benefits, the card offers significant value.

→ CLICK HERE TO REQUEST YOUR CREDIT CARD

Requirements to Apply for the MBNA Rewards World Elite Mastercard

To apply for this credit card, applicants must meet the following criteria:

  • Be a Canadian resident.
  • Have reached the age of majority in their province or territory.
  • Have a personal annual income of at least $80,000 or a household annual income of $150,000.
  • Have a good to excellent credit score.

How to Apply for the MBNA Rewards World Elite Mastercard: Step-by-Step Guide

  1. Visit the MBNA Website: Go to the MBNA website and navigate to the Rewards World Elite Mastercard page.
  2. Review Card Details: Carefully read through the card’s benefits, fees, and requirements to ensure it meets your needs.
  3. Click Apply Now: Click on the “Apply Now” button to begin the application process.
  4. Fill Out the Application Form: Complete the online application form with your personal information, including name, address, income, and employment details.
  5. Submit Documentation: You may need to submit proof of income and other required documents.
  6. Review and Submit: Double-check all the information for accuracy and submit your application.
  7. Await Approval: MBNA will review your application and, if approved, you will receive your card in the mail within a few weeks.

→ CLICK HERE TO REQUEST YOUR CREDIT CARD

Frequently Asked Questions

1. What credit score do I need for the MBNA Rewards World Elite Mastercard?

You typically need a good to excellent credit score (700 or higher) to qualify for this card.


2. How can I redeem my MBNA Rewards points?

Points can be redeemed online through the MBNA Rewards website for travel, merchandise, gift cards, or cash back.


3. Is there a foreign transaction fee?

Yes, there is a 2.5% foreign transaction fee for purchases made outside of Canada.


4. Can I add an authorized user to my account?

Yes, you can add authorized users to your account. Additional cards may come with a fee.


5. How do I access the concierge service?

You can access the 24/7 concierge service by calling the number provided on the back of your card or through the MBNA website.


6. What should I do if my card is lost or stolen?

Report your lost or stolen card immediately by contacting MBNA customer service.


Applying for the MBNA Rewards World Elite Mastercard can be a strategic move if the card’s benefits align with your spending habits and financial goals.

By understanding the features, requirements, and application process, you can make an informed decision about whether this card is the right fit for you.

→ CLICK HERE TO REQUEST YOUR CREDIT CARD