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MBNA® Rewards World Elite Mastercard® review

Name: MBNA Rewards World Elite Mastercard
Brand: MBNA

4.1Rated by the CreditCardGuru Editorial Team

One of Canada's strongest everyday-earning cards, with 5x on five common categories and generous caps. The modest $120 fee and birthday bonus make it a compelling all-purpose keeper.

At a glance

Annual fee: $120
Welcome bonus: ~$300
Foreign tx fee: 2.5%
Network: MASTERCARD
Rewards: points
Purchase APR: 21.99%

Rewards & earn rates

Groceries$50,000 annual cap per category; 1x after	5x
Restaurants	5x
Digital media	5x
Memberships & household utilities	5x
Everything else	1x

Welcome offer: Up to 30,000 MBNA Rewards points (worth $300); reduced offer for Quebec residents (10,000 points on approval plus 20,000 points after spending $2,000 in the first 90 days).

Pros & cons

Pros

Exceptional 5x earn rate on groceries, dining, utilities, memberships and digital media
Birthday bonus effectively boosts all earnings by up to 10%
Flexible points: cash, travel, gift cards

Cons

No travel medical coverage for those 65+ and no trip cancellation insurance
Only 1x on travel and everything outside the bonus categories

Perks & insurance

Key perks

Annual birthday bonus: 10% of points earned over the prior 12 months (up to 15,000 points)
5x earn across five everyday categories with very high $50,000 caps
Works at Costco (Mastercard accepted)
Mobile device insurance up to $1,000
Avis and Budget car rental discounts

Insurance

Travel emergency medical $2,000,000 (21 days, under 65)
Trip interruption $2,000/person ($25,000/trip)
Trip delay $500 (4 hours) and baggage delay $1,000 (4 hours)
Travel accident $1,000,000
Rental car CDW up to 31 days (MSRP up to $65,000)
Purchase protection (90 days, $60,000/year) and extended warranty (+1 year)
Mobile device insurance $1,000/claim

Rates & fees

Annual fee: $120
Purchase interest: 21.99%
Cash advance: 22.99%
Foreign transactions: 2.5%
Min. personal income: $80,000

Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team

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Guru Pick Scotiabank®

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No FX fee

Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.

Written by

CreditCardGuru Editorial Team

Rewards & Cards Research

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Cite this page

“MBNA® Rewards World Elite Mastercard® Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/mbna-rewards-world-elite-mastercard, updated June 7, 2026.