Scotiabank® Gold American Express® Card

Scotiabank® Gold American Express® Card

Up to $950 value, including up to 50,000 bonus Scene+ points*

MBNA Rewards World Elite Mastercard
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MBNA Rewards World Elite Mastercard

4.1

Welcome bonus

Up to 30,000 MBNA Rewards points

  • 5x groceries — $50,000 annual cap per category; 1x after
  • 5x restaurants
  • 5x digital media
Annual fee
$120
Interest rates

Purchases

21.99%

Cash advances

22.99%

Balance transfers

22.99%

Foreign transactions
2.5%

Rated 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 after5x
Restaurants5x
Digital media5x
Memberships & household utilities5x
Everything else1x

Welcome offer: Up to 30,000 MBNA Rewards points (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
Terms & conditions

Rates and offers change. Every rate, fee, welcome offer and benefit on this page was accurate when last reviewed, but MBNA can change or withdraw any of them at any time — sometimes without notice. Confirm the current terms on MBNA's own website before you apply.

Eligibility is theirs to decide. Approval, credit limits, interest rates and welcome offers depend on your credit history and MBNA's own criteria. Bonuses often exclude anyone who has held the card before, and usually require a minimum spend within a set period.

This is not advice. The reviews and ratings here are our editorial opinion, not financial, tax or legal advice, and not a recommendation for your circumstances. Speak to a qualified professional before making a financial decision.

How we make money. CreditCardGuru may earn a commission when you apply through links on this page. It never affects our ratings or what we write — see our advertiser disclosure and rating methodology.

CreditCardGuru is not affiliated with MBNA. Trademarks belong to their respective owners.

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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

Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.

  • 200+ Canadian cards tracked
  • Transparent rating methodology
  • Updated continuously

Cite this page

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

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