Ratesopedia

Pros

  • Welcome Bonus: 30,000 points
  • Up to 5x on Groceries
  • Purchase protection included
  • Travel medical insurance included

Cons

  • Foreign Transaction Fee (2.5%)
  • No airport lounge access despite fee

Our Review

With the MBNA Rewards World Elite® Mastercard®, you can earn 5 points per dollar of purchases for:

  • Dining
  • Grocery purchases
  • Digital media purchases (Netflix, Spotify, etc.)
  • Memberships
  • Household utility purchases (electricity, etc.)

Everywhere else, you will get 1 point per dollar.

Enough to make the MBNA Rewards World Elite Mastercard the best MBNA credit card for restaurants, groceries, digital media, subscriptions and household utilities.

Knowing that Mastercard recognizes Walmart Supercenters as grocery stores, this is the best credit card for Walmart customers!

Plus, depending on your province of residence, you’ll get a welcome bonus of between 20,000 and 30,000 points, a value of $200 to $300!

And each year, you will receive Birthday Bonus Points equal to 10% of the total number of Points the Account earned in the 12 months before the month of your birthday, to a maximum Birthday Bonus each year of 15,000 Points.

Rewards

All Spending

1x

MBNA Rewards pts per dollar

Groceries

5x

Restaurants

5x

Recurring

5x

Streaming

5x

Telecom

5x

Credit Card Rewards Calculator

See how much you could earn with this card based on your spending.

/ point
0.50¢
Groceries5x
$400/month
Restaurants5x
$160/month
Recurring5x
$300/month
Streaming5x
$150/month
Telecom5x
$300/month
Gas1x
$300/month
All other spending1x
$700/month

Points Earned

90,600

MBNA Rewards/yr

Estimated Value

$906

After Fees

+$786

1st Year Value

$1,086

incl. welcome bonus

Annual rewards breakdown

Groceries$4,800/yr × 5x24,000 pts
Restaurants$1,920/yr × 5x9,600 pts
Recurring$3,600/yr × 5x18,000 pts
Streaming$1,800/yr × 5x9,000 pts
Telecom$3,600/yr × 5x18,000 pts
Gas$3,600/yr × 1x3,600 pts
All other spending$8,400/yr × 1x8,400 pts
Total annual spend$27,720
Monthly spend$2,310
Average earn rate3.27x
Total points earned90,600 pts

Travel Insurance

Travel Medical

Included

Trip Interruption

Included

Delayed Baggage

Included

Lost Baggage

Included

Flight Delay

Included

Travel Accident

Included

Purchase Protection

Purchase Protection

Included

Extended Warranty

+1 year(s)

Mobile Device

Up to $1,000

Auto Rental

Included

Interest Rates

  • Purchase Rate
    21.99%
  • Cash Advance
    22.99%
  • Foreign Transaction Fee
    2.5%

Eligibility

Personal Income

$80,000

Household Income

$150,000

Terms & Conditions

Card Features

Receive up to 30,000 bonus points (approximately $250 cash back value):

  • 20,000 bonus points†† (approximately $165 in cash back value) after you make $2,000 or more in eligible purchases within the first 90 days of your account opening.
  • 10,000 bonus points††(approximately $80 in cash back value) once enrolled for paperless e-statements within the first 90 days of account opening
  • Earn 5 points‡ for every $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases until $50,000 is spent annually in the applicable category. 1 point‡ for every $1 on all other eligible purchases
  • Each year, you will receive Birthday Bonus Points‡ equal to 10% of the total number of Points earned in the 12 months before the month of your birthday, to a maximum Birthday Bonus each year of 15,000 Points.
  • Redeem points‡ for cash back, brand-name merchandise, gift cards from participating retailers, charitable donations, and travel.
  • Standard Annual Interest Rates of 21.99% on eligible purchases, 22.99% on balance transfers✪, and 22.99% on cash advances
  • Mobile Device Insurance*** With Mobile Device Insurance, you’ve got up to $1,000 in coverage for eligible mobile devices in the event of loss, theft, accidental damage or mechanical breakdown.
  • $120 annual fee. $50 Additional Card Annual Fee for one authorized user (if you have one).
  • To qualify, your personal annual income must be greater than $80,000, or your household annual income must be $150,000 or greater††††.

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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Ratesopedia may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 MBNA. All trademarks are property of their respective owners.