Learn How to Apply for a MBNA Rewards World Elite Mastercard

Important Points to Consider Before Submitting Your Application

The MBNA Rewards World Elite Mastercard provides a wide range of benefits, giving you the opportunity to enjoy up to 30,000 MBNA Rewards bonus points in any way you desire.

MBNA stands out as a reliable financial firm in the Canadian market, offering various financial services including account management, investments, and credit cards.

The MBNA Rewards World Elite Mastercard offers the sophisticated benefits of a leading global company along with MBNA’s cashback rewards.

To begin with, the credit card comes with a flexible limit that suits various requirements, featuring an annual fee of $120 for the primary cardholder and $50 for each additional card. The interest rates are set at 19.99% for purchases and 22.99% for balance transfers.

When it comes to cashback, the credit card provides MBNA Rewards points that do not have an expiration date, and you accumulate 1 point for each dollar spent on qualifying purchases.

Moreover, you will earn 5 points for each dollar spent on dining, grocery shopping, digital content, subscriptions, and household services.

You have the option to exchange your points for cash back, popular branded items, gift cards, donations to charity, and travel experiences.

For instance, redeeming 20,000 points could allow you to acquire a pair of headphones or a $100 gift card, whereas exchanging 50,000 points could entitle you to a journey from Toronto to Montreal!

The offer provides incentives for new customers in two phases:

Receive 20,000 bonus points when you spend over $2,000 in purchases during the initial 90 days after opening your account.

Receive 10,000 points when you enroll in electronic statements within the initial 90 days of opening your account.

You are eligible to earn a maximum of 30,000 points, which is equivalent to US$245 worth of benefits. Continue reading to discover more.

Eligibility Criteria

The MBNA credit card comes with straightforward eligibility criteria, based on the standard requirements set by Canadian financial institutions.

To qualify, you need to be a Canadian resident of legal age (18 or 19 years old, depending on the province). Your personal annual income must be at least $80,000, or the household income should exceed $150,000.

Apart from this requirement, there are no significant criteria for obtaining the card, although each application is contingent on the bank’s current capacity.

What is the Process to Apply for the MBNA Rewards World Elite Mastercard?

You have the option to initiate the application process on the MBNA platform by accessing the card application form. Once the privacy checks have been reviewed, you will be required to furnish the following details:

Listed below are the details required for this form:
– Full name
– Home address
– Housing situation (own, rent, living abroad)
– Rent amount
– Duration of stay at the current address
– Phone number

– Social Security number (if desired), birthdate, maiden name of your mother, email address, and current employment status (employed, student, self-employed, etc.).

You have the option to include an approved user and enroll in the Payment Protection Plan. Once the information is submitted, the bank will review the credit. If you have any questions, feel free to reach out to MBNA.

Additional Information

The credit card offers a unique perk: the anniversary bonus. Each year, on your anniversary date, you are rewarded with 10% of the total points accumulated by the account in the previous 12 months, with a cap of 15,000 points.

The card offers a range of benefits such as emergency replacement services, travel assistance, legal aid, concierge services, and coverage and support, all made possible by the Mastercard network.

MBNA offers a variety of benefits including travel medical insurance, lost baggage insurance, mobile device insurance, price protection service, and trip delay insurance.

The card also provides discounts on renting cars with Avis, offering additional security with Mastercard Zero Liability to safeguard against unauthorized transactions.

MBNA provides a highly versatile card that caters to all preferences, offering a sense of security for everyday use.

Interested in exploring an alternative?

If you are seeking an alternative in the Canadian market, you might want to consider the Tangerine World Mastercard, which provides comparable perks and up to 2% cashback in three categories.

The credit card includes Mastercard perks such as global services and up to five complimentary cards, and you can find out how to submit your application.

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