The ClearFin bottom line
🛒 5x Categories
Its strongest published earn rate in our data is 5.0% on dining. The $120 annual fee should be weighed against the rewards and benefits you expect to use.
Checked 2026-08-09 · Official issuer catalogueIndependent ClearFin review · MBNA
MBNA Rewards World Elite Mastercard
Start with up to 30,000 bonus MBNA Rewards points, worth about $249.
Independent comparisonFees includedCanadian card data
- Annual fee
- $120
- Reward type
- MBNA Rewards Points
- Welcome offer
- 30,000 pts
- Insurance
- Not listed
Current new-cardmember offer
Confirm with the issuer
$100cash rebate*
🛒 5x Categories
🛒 5x Categories
Welcome bonus
Up to 30,000 bonus MBNA Rewards points
New cardmembers can earn up to 30,000 bonus MBNA Rewards points by completing the steps below.
Offer details
New-account, purchase, spending and account-standing conditions apply.
How you earn
- 5 points per $1 on eligible restaurant, grocery, digital media, membership, and household utility purchases up to $50,000 annually
- 1 point per $1 on all other eligible purchases
- 20,000 bonus points welcome offer after meeting minimum spend requirements within first 90 days
- 10,000 bonus points for paperless e-statement enrollment within first 90 days
- Annual birthday bonus equal to 10% of points earned in prior 12 months (up to 15,000 points)
- Flexible redemption options including cash back, travel, merchandise, gift cards, and charitable donations
Costs and requirements
Fees & eligibility
Confirm final approval criteria and current rates directly with the issuer.
Annual fee$120
Purchase interest21.99%
Cash advance interest22.99%
Foreign transaction fee2.5%
Income requirement$80,000Issuer approval criteria apply
Balance transfer interest22.99%
Additional card$50
Household income$150,000Alternative minimum
Recommended credit score720+ Good to Excellent (Prime Credit Tier Canada)
Approval is based on strong credit history, low utilization, and stable repayment behavior. No fixed score is published by the issuer, but the product is targeted toward established prime credit consumers.
300Poor
560Fair
660Good
725Very Good
760Excellent
ClearFin estimate on Canada's 300–900 scale. This is not an issuer cutoff or approval guarantee; lenders may use different bureau scores and underwriting criteria. This is a World Elite tier product requiring both income qualification ($80,000 personal or $150,000 household) and strong credit behavior. Credit depth, account age, and utilization discipline are heavily weighted in underwriting.
Reward limits: Accelerated earn rate of 5 points per $1 applies only to eligible categories and is capped at $50,000 in annual spend. Once the cap is reached, all further purchases in those categories earn the base rate of 1 point per $1. Caps reset annually on a calendar-year basis. Category eligibility is determined by merchant MCC classification, which may vary by merchant processor.
Earning cap
Using your rewards
Redemption options
Redemption values and availability may vary by option and can change.
Redeem earned cash rewards using the issuer's available cash-back or statement-credit options.
Minimum redemption amounts, automatic payout timing, and eligible account credits vary by issuer; confirm the current program terms before applying.
Beyond the points
Benefits that come with the card
Consider these extras by the value they add to purchases and experiences you already use.
Travel medical insurance coverage
Up to $2M emergency medical coverage for eligible trips (short-duration travel protection depending on age and conditions).
Trip interruption and cancellation insurance
Coverage for prepaid travel expenses if trips are cancelled or interrupted under eligible conditions.
Delayed and lost baggage insurance
Reimbursement for essential items if baggage is delayed, lost, or damaged during travel.
Rental vehicle insurance coverage
Collision damage waiver coverage for eligible rental vehicles up to 31 consecutive days.
Mobile device insurance
Coverage up to $1,000 for eligible mobile devices against loss, theft, or accidental damage.
Price protection service
Reimbursement of price differences if an eligible item is found at a lower price within 60 days (subject to limits).
Airport travel assistance services
Includes emergency cash transfer, document replacement, baggage assistance, and travel support services.
Mastercard Zero Liability protection
Protection against unauthorized transactions when card security conditions are met.
Protection included
Insurance at a glance
No included coverage is verified in ClearFin's current catalogue.
Insurance is not currently listed for this product.
This does not prove that coverage is unavailable. Confirm the issuer's current certificate and benefit guide before relying on protection.
Check the official card page ↗The verdict
What we like
- High accelerated earn rate (5x) on core everyday spending categories
- Strong travel and purchase insurance coverage stack
- Flexible rewards redemption across cash back, travel, and statement credit
Worth noting
- High annual fee reduces value for moderate spend users
- Category cap ($50,000) limits upside for very high spenders
- Rewards devalue outside bonus categories (1x earn rate)
ClearFin analysis
Our detailed review
A practical reading of where the card earns, what the fee buys, and which limits matter.
🛒 5x Categories
5x points on restaurants, groceries, digital media, memberships & utilities. 1x everything else.
How the rewards work
Dining, Groceries receive the strongest estimated return at 5.0%. Purchases outside the accelerated categories earn an estimated 1.0%.
What the annual cost means
Using the strongest estimated category return alone, roughly $2,400 in annual spending at that rate would equal the $120 fee before considering the value of insurance, partner benefits, or a welcome offer.
Who it may suit
This card is most relevant for someone who spends consistently on dining and groceries and can use enough of the included value to justify the yearly cost.
What to examine before applying
Compare the purchase interest rate, foreign-transaction fee, approval requirements, reward limits, and insurance certificates. Pay particular attention to merchant-category rules because a store may not receive the reward rate its products appear to suggest.
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Issuer terms apply. ClearFin is not affiliated with this provider. How we make money. Card facts were checked against the issuer's official source. The issuer's current catalogue was checked. Any field not explicitly listed remains marked as unverified rather than estimated.