MBNA Rewards World Elite MC: FYF GONE AGAIN?! (11/2016)
Seems like FYF is gone...again:
It seems you can still get FYF if you apply from a CB site like GCR (google that yourself) - Note: FYF mention gone from GCR as well as of 30/11/2016
Before you go "HEY WHY ARE U MAKING ANOTHER THREAD OF THIS CARD OMFGWTFBBQ", yes I know there's already a thread for this card here, but a LOAD of questions have been asked about this card lately since the Travel Rewards Platinum ppl are getting their invites. This thread is for information and any useful questions that were answered will be put on to here and will be updated on a daily basis. So let's get to it!
About Rewards World Elite (RWE)
So first of all, the Rewards World Elite, similar to the MBNA Rewards Travel Platinum MC (aka RTP), is a straight 2% CB card without tiers and no caps. You get 2 points per $1, and you can redeem $50 against your current balance owing once you get to 5000 points (or you can request a cheque/donation/travel/bank deposit, etc). Also, once you reach 5000 points, you can redeem every 100 points (Can redeem at 5100, 5200, 5X00 instead of 5000, 6000). Every point will be rounded up and down depending on the number of points earned (>0.50 points = round up), not the dollar value. Eg: $2.69 will be 5.38 points, which will be rounded down to 5 points. $5.48 will be 10.96 points, which will be rounded up to 11 points. So yes, if you want the max return, always make sure the points that you get after multiplying the spending by 2 is more than or equal to 0.50 points. (Eg: $XX.25, XX.30, XX.40, XX.75, XX.90). There are two versions of this card: one with no annual fee (cardholders invited/called for upgrade), and one with $89 annual fee (new applications) with more information below. You will get a bonus 10000 points (= $100) after the first use of this card. The no annual fee version is grandfathered and MBNA has not converted any card to that since 2014.
Difference between RWE and RTP
So how is the RWE better than the RTP? The RWE has concierge service and price protection up to $500 (and of course, it looks MUCH COOLER than the RTP ).
History of the card
This card has an interesting history. It began as the defunct MBNA SPG MC. It got converted to the MBNA Travel Rewards Elite MC when SPG decided to ditch MBNA and team up with AMEX instead. The card later got converted to the MBNA Worldpoints World MC because MBNA decided to end the Travel Rewards program on the Travel Rewards Elite MC. Lastly (or most recently in 2012), MBNA decided to do a name change (and upgrade from World to World Elite), and this is what we have now: the MBNA Rewards World Elite MC.
So how do I get the no annual fee version of this card?
As mentioned above, MBNA has not send out invites for the no annual fee version of this card since 2014.
You will need to go to the card member page (not MBNA Online). Once logged in, click on the special offers tab. If you are going through MBNA Online, you will need to go to the rewards tab, click on the Exclusive Offers image to access your card member page. Here is a link of a screenshot of where you should go once you are in your card member page:
mbna-rewards-travel-platinum-plus-mc-gr ... st16752049
Application page: https://apply.mbna.ca/applicationform/g ... cale=en_CA
GCR Application - $60 CB: Google it!
World Card Benefits: https://www.mbna.ca/credit-cards/card-b ... /index.jsp
So that's all for now, and you bet the OP will be updated once I receive any new information! As usual, please let me know if I am missing anything, and suggestions are always welcomed.
NOTE #1 (11/05/2013): Everyone who received an invite and converted recently should see their number and account name updated as well as their 10k bonus points (if you made a purchase during the week of conversion) on MBNA Online Access now!!
NOTE #2 (21/05/2013): Cards have officially arrived for the first wave of RTP invites!!
NOTE #3 (26/07/2013): You can officially apply for the card now. However you might end up with the RTP if you did not qualify for the RWE.
NOTE #4 (30/09/2014): It seems you can now request the cashback to be deposited into your bank account, as well as being able to redeem every 100 points ($1) once you have reach the 5000 ($50) mark. Refer to here and here (Note: Images show SmartCash which is likely a MBNA error).
NOTE #5 (07/10/2014): You can apply for the card again, and it seems there is no more FYF.
NOTE #6 (18/10/2014): Do not redeem your CB through direct bank deposit. A number of users are not able to get the money deposited into their account. Seems like it's working properly now after a long delay.
NOTE #7 (26/05/2015): Seems like FYF is back again.
NOTE #8 (03/11/2016): Seems like FYF is *GONE* again?!