MBNA Rewards

With the MBNA Rewards World Elite^® Mastercard^®, you can earn:

• 5 points per dollar spent on groceries, restaurants, digital media, subscriptions and utilities, 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, to a maximum spend of $10,000 (1 point per dollar thereafter)
• 1 point per dollar on the other purchases

Here are examples of businesses to earn rewards points at grocery stores, lunchbox memberships 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

You can redeem your MBNA Rewards points to earn cash back through credit card statement credit.

The rate at which MBNA Rewards points are used will vary depending on your MBNA credit card:

So when you earn 5 points per dollar at the grocery store with the MBNA Rewards World Elite^® Mastercard^®and you redeem your MBNA Rewards points as 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). That brings your cash-back rate at the grocery store up to 4.56%!

The best way to redeem MBNA Rewards points is to purchase travel.

You’ll be able to redeem your MBNA Rewards points at a rate of 1,000 points = $10, or 1 cent per point.

The second best way to redeem MBNA Rewards points is for gift cards.

Via the MBNA Rewards platform, you can redeem your MBNA Rewards points to get two types of gift cards:

• Electronic gift cards
• Physical gift cards

From what we’ve seen, redeeming MBNA Rewards Points that way, you will get:

• between 0.95 and 1.08 cents per point for electronic gift cards (Walmart, Apple, Amazon, Esso, etc.)
• between 0.85 and 0.99 cents per point for physical gift cards (Best Buy, Petro-Canada, Amazon, The Bay, etc.)

The third best way to redeem MBNA Rewards points is to get products through the MBNA Rewards platform.

From what we’ve seen, the rate at which your MBNA Rewards points are used to get products will be approximately 0.85 cents per point.

These MBNA Rewards credit cards offer several insurance coverages.

In terms of Mobile Device Insurance, the MBNA Rewards World Elite^® Mastercard^® and the MBNA Rewards Platinum Plus^® Mastercard^® both offer this coverage.

Coverage of 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 cell phone bills and any upfront costs
• OR pay for at least 75% of your mobile device when you pay the full cost of its purchase up front

The MBNA Rewards World Elite^® Mastercard^® offers insurance coverage for your travels:

The MBNA Rewards World Elite^® Mastercard^® and the MBNA Rewards Platinum Plus^® Mastercard^® offer 90 days of 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^® sets itself apart by offering Price Protection for 60 days from the date of purchase. This refers to an eligible item paid for with your card where you find it at a lower price in Canada after purchase.