Discover the Steps to Apply for an MBNA Rewards World Elite Mastercard
The MBNA World Elite Mastercard stands out as an excellent premium option for overseeing your finances while taking advantage of the bank's unique perks.
What should I know before applying?
The MBNA Rewards World Elite Mastercard is an all-encompassing card that provides up to 30,000 MBNA Rewards bonus points for your enjoyment.
MBNA is a reputable financial entity within Canada, offering a variety of financial services including account management, investments, and credit cards.
The MBNA Rewards World Elite Mastercard merges the prestige of benefits from a global leader with MBNA’s cashback incentives.
The card features a flexible limit to meet various needs, with an annual fee of $120 for the primary cardholder and $50 for each additional card. Interest rates stand at 19.99% for purchases and 22.99% for balance transfers.
Regarding cashback, the card provides MBNA Rewards points that never expire, allowing you to accumulate 1 point for every dollar spent on eligible purchases.
Moreover, you earn 5 points for every $1 spent on dining, grocery shopping, digital media, subscriptions, and home services.
Your points can be redeemed for cash back, name-brand products, gift cards, charitable donations, and travel experiences.
For instance, 20,000 points can earn you a set of headphones or a $100 gift card, while 50,000 points could fund a trip from Toronto to Montreal!
The card provides bonuses for new users in two phases:
- 20,000 points after spending over $2,000 in the first 90 days.
- 10,000 points for signing up for paperless statements within the first 90 days.
In total, you can accumulate up to 30,000 points, valued at US$245 in benefits. If you’re curious to know more, keep reading.
Who is Eligible to Apply?
The MBNA card has specific eligibility criteria, adhering to the standard guidelines set by Canadian banks.
To apply, you must reside in Canada and be of legal age (18 or 19 years, depending on your province). Your individual income should be at least $80,000 or your household income should exceed $150,000.
Aside from that, there are no significant requirements to obtain the card, although all applications depend on the bank’s discretion.
How can I Apply for the MBNA Rewards World Elite Mastercard?
You can initiate the application right on the MBNA website by choosing the card application form. After completing privacy checks, you’ll be asked to provide the following details:
- Full name, address, housing situation, rent payment, duration at address, and contact number.
- Social Security number (optional), birth date, mother’s maiden name, email, and job status (employed, student, etc.)
You can also include an authorized user and register for the Payment Protection Plan. Once you submit your information, the bank will perform a credit assessment. If you have questions, reach out to MBNA.
Additional Information
This card offers a unique benefit: the anniversary bonus. Annually, on your card anniversary, you’ll receive 10% of the total points earned over the past year, capped at 15,000 points.
The card also provides emergency replacement services, travel support, legal aid, concierge help, and coverage through the Mastercard network.
MBNA offers travel medical coverage, lost luggage insurance up to $1,000, mobile device insurance for $1,000, price protection, and trip delay insurance.
This card also provides discounts on Avis car rentals and ensures security with Mastercard Zero Liability against unauthorized charges.
Thus, MBNA presents a well-rounded card option catering to diverse needs, ideal for everyday use with great assurance.
Interested in exploring another option?
If you’re searching for an alternative in Canada, consider the Tangerine World Mastercard, which provides similar perks and 2% cashback in up to three categories.
This card offers Mastercard perks, such as global services and up to five complimentary cards. You can easily find how to apply.
