MBNA: Get up to 20,000 points with MBNA Rewards credit cards!
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Welcome Offers
MBNA Rewards World Elite® Mastercard®
With the MBNA Rewards World Elite® Mastercard®, you can earn 5 points per dollar spent on:
- restaurants
- groceries
- digital media (Netflix, Spotify, etc.)
- subscriptions
- household utilities (electricity, etc.)
Everywhere else, you earn 1 point per dollar.
That makes the MBNA Rewards World Elite® Mastercard® the best MBNA credit card for restaurants, groceries, digital media, subscriptions and household utilities.
For example, since Walmart Supercentres are coded as grocery stores by Mastercard, this is the best credit card for Walmart shoppers!
Plus, depending on your province of residence, you will get a welcome bonus of between 20,000 and 30,000 points, worth $200 to $300!
And every year, you get a 10% anniversary bonus on all points earned in the previous 12 months, up to a maximum of 15,000 points.
- Annual fee
- $120
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$300Total$300Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $300
- Welcome offerAfter $2,000 in 3 months
- Up to 30,000 points
Apply Now
on MBNA's website
MBNA Rewards Platinum Plus® Mastercard®
The MBNA Rewards Platinum Plus® Mastercard® is one of the best no annual fee credit cards in Canada.
With this card, you can earn 2 points per dollar on:
- restaurants
- groceries
- digital media (Netflix, Spotify, etc.)
- subscriptions
- household utilities (electricity, etc.)
And 1 point per dollar everywhere else. It’s the best no annual fee MBNA credit card.
For a limited time, you can get 10,000 points as a welcome bonus, worth $100 toward travel purchases charged to your account.
Depending on your province of residence, the terms vary slightly: in Quebec, the first 5,000 bonus points are awarded with your first eligible purchase, with no minimum spend.
- Annual fee
- $0
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$100Total$100Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $100
- Welcome offerAfter $500 in 3 months
- Up to 10,000 points
Apply Now
on MBNA's website
MBNA Rewards – Earn MBNA Rewards Points
With the MBNA Rewards World Elite® Mastercard®, you can earn :
- 5 points per dollar spent on groceries, restaurants, digital media, subscriptions, and utilities, up to a maximum spend of $50,000 (1 point per dollar thereafter)
- 1 point per dollar on the other purchases
While with the MBNA Rewards Platinum Plus® Mastercard®, you can get:
- 2 points per dollar spent on groceries, restaurants, digital media, subscriptions, and utilities, up to a maximum spend of $10,000 (1 point per dollar thereafter)
- 1 point per dollar on the other purchases
Here are examples of merchants where you can earn reward points for groceries, meal kit subscriptions, and restaurants:
- April, Adonis, Bulk Barn, Giant Tiger, IGA, Maxi, Metro, Provigo, Super C, Walmart
- FlashFood and Hello Fresh
- Instacart, Kim Phat, PA Supermarket
And since these credit cards offer between 2 and 5 points per dollar for digital media and utility subscriptions, it’s perfect if you are a subscriber to:
- Netflix, Crave, Disney+
- Apple Music, Spotify, Amazon Prime, Google Play, YouTube Premium
- Videotron, Fido Mobile, Fizz, Koodo, SiriusXM
- Énergie Cardio fitness centers and others
Between 2 and 5 points per dollar at Walmart
At Walmart supercentres, you can buy groceries and earn:
- 5 points per dollar with the MBNA Rewards World Elite® Mastercard®.
- 2 points per dollar with the MBNA Rewards Platinum Plus® Mastercard®
Indeed, unlike Visa and American Express credit cards, credit cards on the Mastercard network consider Walmart Supercentres as grocery stores!
1 point per dollar at Costco
The MBNA Rewards World Elite® Mastercard® and the MBNA Rewards Platinum Plus® Mastercard® are credit cards on the Mastercard network.
This means that they will be accepted for purchases made at Costco and you will be able to earn 1 point per dollar.
MBNA Rewards 10% Birthday Bonus Points
Each year, you’ll receive Birthday Bonus Points from MBNA Rewards, equal to 10% of the total number of Points the account earned in the 12 months before the month of the primary cardholder’s birthday, to a maximum Birthday Bonus each year of 15,000 Points.
This mathematically increases your return in MBNA Rewards points on all your purchases.
With the MBNA Rewards World Elite® Mastercard®, you can earn with this 10% anniversary bonus:
- 5.5 points per dollar spent on groceries, restaurants, digital media, subscriptions, and utilities
- 1.1 points per dollar on the rest
While have the MBNA Rewards Platinum Plus® Mastercard®, you can get through this 10% birthday bonus :
- 2.2 points per dollar spent on groceries, restaurants, digital media, subscriptions, and utilities
- 1.1 points per dollar on the rest
MBNA Rewards – Redeeming MBNA Rewards Points
Redeem MBNA Rewards Points For Cash Back
You can redeem your MBNA Rewards points to earn cash back through credit card statement credit.
The MBNA Rewards point redemption rate will differ depending on your MBNA credit card:
| MBNA Credit Card | Redemption Rate | Value per point |
|---|---|---|
| MBNA Rewards World Elite® Mastercard® | 120 points = $1 | 0.83 cents |
| MBNA Rewards Platinum Plus® Mastercard® | 200 points = $2 | 0.5 cents |
So when you earn 5 points per dollar at the grocery store with the MBNA Rewards World Elite® Mastercard®, and redeem your MBNA Rewards points for cash back, it’s like earning 4.15% cash back.
Not to mention the 10% anniversary bonus on all points earned in the previous 12 months (up to a maximum of 15,000 points). Which brings your cash back rate on groceries to 4.56%!
Redeem MBNA Rewards Points For Travel
The best way to redeem MBNA Rewards points is to purchase travel.
Indeed, you can use your MBNA Rewards points at a rate of 1,000 points = $10, which is 1 cent per point.
Using MBNA Rewards points for gift cards
The second best way to use MBNA Rewards points is to obtain gift cards.
In fact, through the MBNA Rewards platform, you can use your MBNA Rewards points to obtain two types of gift cards:
- E-gift cards
- Physical gift cards
From what we have observed, the redemption rate for your MBNA Rewards points will be:
- between 0.95 and 1.08 cents per point for e-gift cards (Walmart, Apple, Amazon, Esso, etc.)
- between 0.85 to 0.99 cents per point for physical gift cards (Best Buy, Petro-Canada, Amazon, The Bay, etc.)
Redeem MBNA Rewards Points For Products
The third best way to redeem MBNA Rewards points is to get products through the MBNA Rewards platform.
From what we have observed, the redemption rate for your MBNA Rewards points for products will be approximately 0.85 cents per point.
MBNA Rewards – MBNA Insurance
These MBNA Rewards credit cards offer several insurance coverages.
Mobile Device Insurance
Regarding Mobile Device Insurance, the MBNA Rewards World Elite® Mastercard® and the MBNA Rewards Platinum Plus® Mastercard® both offer this coverage.
Indeed, coverage up to $1,000 in the event of loss, theft, accidental damage, or mechanical failure of your eligible mobile device.
To benefit from this protection, you must use one of these MBNA Rewards Mastercard credit cards to:
- Pay all your monthly mobile phone bills and all upfront costs
- OR pay at least 75% of your mobile device when you pay the total purchase cost upfront
Travel insurance
The MBNA Rewards World Elite® Mastercard® offers insurance coverage for your travels:
| Insurance | Details |
|---|---|
| Travel Medical Insurance | Up to $2 million for the first 21 days of the trip (age 65 and under) |
| Delayed or Lost Baggage Insurance | Up to $1,000 per person, if delayed more than 4 hours |
| Flight or Trip Delay Insurance | Up to $500 per person if the flight or trip is delayed by more than 4 hours |
Purchase Assurance and Extended Warranty Insurance
The MBNA Rewards World Elite® Mastercard® and the MBNA Rewards Platinum Plus® Mastercard® offer 90 days’ purchase insurance. In addition, they both provide an attractive extended warranty. The extended warranty doubles the manufacturer’s written warranty on most new purchases made with this card.
The MBNA Rewards World Elite® Mastercard® stands out by offering a Price Protection service for 60 days following the date of purchase. This applies to an eligible item paid for with your card that you find at a lower price in Canada after purchase.
Conclusion
The choice is yours!
The MBNA Rewards World Elite® Mastercard® is designed for individuals with incomes over $80,000 who want to earn reward points quickly on groceries, restaurants, and monthly subscriptions. Also, it offers travel insurance with an annual fee of $120. Its welcome bonus will give you up to $165 in reward points.
While the MBNA Rewards Platinum Plus® Mastercard® has no annual fee and requires no minimum income. This credit card does not have travel insurance but does offer an attractive extended warranty. Its welcome bonus will give you up to $50 in reward points.
| Credit card | Annual fee | Welcome offer | |
|---|---|---|---|
| $0 | |||
| $120 |
Frequently Asked Questions about the MBNA Rewards credit cards
Here are frequently asked questions in the milesopedia community about this card.
What is the difference between the MBNA Rewards World Elite Mastercard and the MBNA Rewards Platinum Plus Mastercard?
The World Elite is the premium version, with a $120 annual fee, a $80,000 personal income requirement, and 5 points per dollar on groceries, dining, digital media, memberships and household utilities up to $50,000 a year. The MBNA Rewards Platinum Plus Mastercard has no annual fee, no income requirement, and earns 2 points per dollar on the same categories up to $10,000 a year. Both cards add a 10% birthday bonus on points earned, and both redeem points starting at 1,200 points = $10 cash back, statement credit or charity donation.
How is the 10% MBNA Rewards birthday bonus calculated?
Each year, MBNA adds a 10% bonus on top of all the points you earned during the previous 12 months, capped at 15,000 bonus points on the World Elite and 1,500 on the Platinum Plus. So if you earn 80,000 points in a calendar year on the World Elite, you receive an extra 8,000 points around your birthday month — pushing the effective return on 5x categories to 5.5 points per dollar. The bonus is automatic and posts within one or two statements after your account anniversary, with no opt-in required.
Are MBNA Rewards points worth more for travel or for cash back?
MBNA Rewards points are worth a flat 1 cent per point regardless of how you redeem them — there is no travel multiplier. You can cash them out as a statement credit, deposit them into an MBNA bank account, book travel through the MBNA Rewards portal, or buy gift cards, and you always get the same 1 cent value. That makes MBNA points easier to evaluate than Aeroplan or American Express Membership Rewards, but it caps the upside: there’s no equivalent of redeeming for premium-cabin flights at 2-4 cents per point.
Is the MBNA Rewards World Elite Mastercard accepted at Costco?
Yes. Costco Canada accepts all Mastercard cards at the till and at Costco gas bars, so both the MBNA Rewards World Elite and the Platinum Plus work there. Costco purchases earn the base 1 point per dollar (and 1.1 with the 10% birthday bonus), which makes the World Elite a reasonable secondary card for warehouse runs. For grocery and dining spending elsewhere, the 5x categories will outperform any Costco co-brand card.
