See How to Apply for a MBNA Rewards World Elite Mastercard

What do I need to know before applying?

Want a World Elite Mastercard to enjoy exclusive benefits? The MBNA Rewards, as the name suggests, focuses on rewards with points and offers up to 30,000 bonus points!

MBNA is a well-established institution in the Canadian market, providing a variety of financial services for your daily life, and their credit card line is one of them. 

The MBNA Rewards World Elite is one of the top credit cards on the market, offering a high credit limit yet flexible and adaptable to the cardholder’s financial conditions. 

This comes with an annual fee of $120 for the primary cardholder and an additional $50 for supplementary cards, with an interest rate of 19.99% on purchases.

As the name implies, this card is focused on the MBNA rewards system, and right off the bat, you can earn 20,000 bonus points—about $165—by spending at least $2,000 on purchases within the first 90 days. 

Plus, if you sign up for paperless electronic statements, you’ll receive an extra 10,000 points, bringing the total offer to over $240!

There’s also an annual bonus: each year, you’ll receive a birthday bonus of points equal to 10% of the total points you’ve earned throughout the year, up to a maximum of 15,000 points annually. 

As for everyday spending, you’ll earn 5x points on purchases in categories like household services, groceries, digital media, and dining, with 1 point per dollar spent on all other purchases.

And how can you redeem these rewards? The MBNA Rewards Catalogue allows you to exchange points for products with a variety of options, including travel, gift cards, and branded items!

There are also other redemption options, such as statement credits toward your card balance, cash via check, direct deposit into your account, or even donations to charities of your choice.

Who can Apply?

The MBNA card has specific eligibility requirements that are consistent with the usual standards of Canadian banks.

To be eligible, applicants must be legal residents of Canada and meet the age requirement, which varies between 18 and 19 years depending on the province.

The minimum annual income is set at $80,000 for individuals or $150,000 for households.

Beyond these basic conditions, there aren’t many additional obstacles to obtaining the card; however, approval is based on the bank’s review of your application.

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

You can start the application process directly on the MBNA website by selecting the card’s application form. After passing through privacy checks, you will need to provide the following information:

• Your full name, residential address, housing status (whether you own, rent, or live abroad), monthly rent or mortgage payment, time spent at your current address, and phone number.

You will also need to provide your Social Insurance Number (optional), date of birth, mother’s maiden name, email address, and employment status (employed, self-employed, student, etc.).

Additionally, you have the option to add an authorized user or enroll in the Payment Protection Plan.

Once you submit your details, MBNA will perform a credit evaluation. If you have any questions, feel free to contact MBNA for support.

More Details

The World Elite Mastercard also comes with several daily benefits and services, including:

• Emergency card replacement services
• Travel and legal assistance for a range of issues cardholders may encounter
• Concierge service to help with travel reservations

Here are other benefits your card offers:

• Travel Medical Insurance
• Travel Assistance Insurance
• Lost baggage insurance
• Price Protection Insurance
• Mobile Device Insurance
• Flight Delay Insurance

Additionally, the card offers the MBNA Payment Plan, which allows you to finance large purchases over $100 in 6, 12, or 18-month installments, with specific conditions and fees depending on the case.

More Details

Looking for another option? The Tangerine World Elite Mastercard offers 2% cashback in 2 categories and a 10% bonus during the first 2 months with the card.

Tangerine also provides 0.5% cashback on all purchases, mobile protection, and DragonPass discounts. Check out how to apply.

Written by

Gabriel Gonçalves

Writer with over 10 years of experience specializing in finance and education. Master's student in Communication and an expert in online content production.