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[Great Canadian Rebates] MBNA Rewards World Elite® Mastercard® credit card - $60 cash back for sign up

[OP]
Deal Addict
Oct 7, 2007
4624 posts
1495 upvotes

MBNA Rewards World Elite® Mastercard® credit card - $60 cash back for sign up

Deal Link:
Retailer:
Great Canadian Rebates
I know most everyone that used to have this card has since closed the account due to the increase in annual fee and/or the drop in rewards.

BUT for anyone who is interested, Great Canadian Rebates is offering the MBNA RWE card again. Here are the specifics direct from the GCR website:
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Note : This offer is not available for residents of Quebec. For residents of Quebec, please click here.

Apply for the rewards card that fits your lifestyle.

2 points‡ for every $1 in eligible purchases

Receive 5,000 bonus points†† after your first eligible purchase within the first 90 days of account opening

Receive 5,000 bonus points†† once enrolled for e-statements within the first 90 days of account opening

• Redeem points‡ for travel, brand-name merchandise, gift cards from participating retailers, cash back, and charitable donations

$120 annual fee

• Standard Annual Interest Rates of 19.99% on eligible purchases, 22.99% on balance transfers✪ and access cheques, and 24.99% on cash advances

• A suite of comprehensive insurance**

Your personal annual income must be greater than $80,000, or your household annual income must be $150,000 or greater††††

Take advantage of a card that rewards you. Apply now for the MBNA Rewards World Elite® credit card.

* Visit MBNA Rewards World Elite website application page for further details

‡ These are highlights of the credit card rewards program (the “Program”) associated with this credit card account. Points will be awarded on eligible transactions charged to your account as set out in the Program terms and conditions. Complete terms and conditions describing Program eligibility, accrual and redemption of points, and other important conditions, limitations and restrictions will be sent after your account is opened. Please read the terms and conditions carefully upon receipt.

†† To qualify for this offer, an applicant must be approved for the specific credit card account described in the offer and: (a) in order to obtain a "First Eligible Transaction Bonus" of 5,000 bonus points, the account must be used for at least one eligible transaction within the first 90 days of account opening that is not subsequently rescinded, the subject of a charge back request or otherwise disputed, and (b) in order to obtain a "Paperless Bonus" of 5,000 bonus points, you must enroll in online banking at www.mbna.ca, and consent to Paperless Statements for the account within the first 90 days of account opening, and not subsequently rescind such enrollment throughout this period. Please allow 8–10 weeks from the transaction date and the Paperless Statement enrollment for the applicable bonus points to be posted to your points account. Limit one-time bonus point offer (no cash value) per new account for each of the First Eligible Transaction Bonus and the Paperless Bonus). This promotion is offered by MBNA and may be amended or cancelled at any time without notice.

†††† To be eligible for a World Elite Account, your personal annual income must be greater than $80,000, or your household annual income must be $150,000 or greater. Additional account qualification criteria apply as set out in this application.

**Coverage is underwritten by Allianz Global Risks US Insurance Company (Canadian Branch) and/or American Bankers Insurance Company of Florida. Certain limitations and exclusions may apply to this benefit and others described in the certificate of insurance sent soon after your Account is opened.

✪ Balance transfers will be fulfilled in the order listed and are treated as balance transfers in accordance with your Account Agreement. The total value of balance transfers cannot exceed your authorized credit limit. If the value is greater, MBNA may send a partial payment to the named creditor/designated account. THERE WILL BE A TRANSACTION FEE EQUAL TO 1.00% OF THE DOLLAR AMOUNT OF EACH BALANCE TRANSFER INITIATED WITH THIS APPLICATION. A MINIMUM FEE OF $7.50 WILL APPLY TO EACH BALANCE TRANSFER TRANSACTION. A balance transfer may not be used to pay off or down your account balance or any other balances with us (including our affiliates, which would include any member of the TD Bank Group).

The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank.

Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the "Apply" link.



* PLEASE READ TO MAKE SURE YOU GET A CASH BACK REBATE

• Cash Back Rebate will be paid by GCR upon credit card account approval by MBNA. Maximum one per individual.
• MBNA is not responsible or liable for any aspect of the cash back rebate offer.

• Must apply online immediately after clicking from GCR.
• Do not leave the MBNA application page before it is completed.
• If application session expires then go back to GCR to start over and click to the MBNA application page again.
• NOTE: You must reply to GCR within 3 months to report a missing rebate otherwise the rebate is void.

By applying for this credit card account through Great Canadian Rebates, you consent to the disclosure of your account approval status by MBNA to Great Canadian Rebates for the purposes of (i) fulfillment and delivery of a Great Canadian Rebates Cash Back Rebate to you upon approval of your application in connection with this offer; and (ii) fulfillment of contractual obligations between MBNA and Great Canadian Rebates in connection with this offer.

• Available to new credit cardholders only
• Cash Back available by Paypal, Amazon Gift Code or by cheque*.
• Cash Back will be paid out after minimum 45 days following confirmation from MBNA*.
• Cash Back Offer may end at any time at the discretion of GCR.
• Cash Back Offer available to GCR members only.

* See FAQ page and Terms for more details.


Rebate Currency Exchange : NONE
58 replies
Penalty Box
User avatar
Jan 27, 2014
4294 posts
1406 upvotes
FYF is not waived?

What are 10 000 points worth?
Deal Addict
Apr 30, 2011
2961 posts
319 upvotes
RICHMOND HILL
Is cashback still 1.67%?
Member
Dec 9, 2013
327 posts
210 upvotes
Toronto
I had this card but switched to the Rogers cash back card. Is this the better option again?
Deal Addict
User avatar
Feb 4, 2007
1138 posts
337 upvotes
What the **** happened to this card. I have this and it used to be the talk of the town when it comes to cash back. Ever since TD bought out MBNA everything has gone to sh1t.
Last edited by Mars2012 on May 26th, 2019 9:00 am, edited 1 time in total.
Reason: reported/don't bypass swear filter
Deal Fanatic
User avatar
Mar 8, 2005
5469 posts
374 upvotes
All the mechanise rewards have been devalued as well. Certain gift cards maxed out around 1.9%

But I agree, the perks of this card has gone down the toilet.
Member
Jan 21, 2003
262 posts
63 upvotes
Edmonton
Anyone have any pointers on a better cashback MasterCard for cardholders with large annual spend?
Sr. Member
Jul 4, 2006
839 posts
185 upvotes
Oakville
I have this card and agree it has taken a fall toward mediocre.

Any replacement suggestions?

Appreciate feedback.
Deal Addict
User avatar
Jan 22, 2008
3316 posts
582 upvotes
Calgary
craeyon wrote:
May 25th, 2019 3:15 pm
What the **** happened to this card. I have this and it used to be the talk of the town when it comes to cash back. Ever since TD bought out MBNA everything has gone to sh1t.
TD has that power to turn something really good into sh!t
Last edited by Mars2012 on May 26th, 2019 9:00 am, edited 1 time in total.
Reason: edit in quote
Member
Mar 2, 2016
221 posts
232 upvotes
Toronto
I'm confused. Isn't this card still going to be 2% back when redeeming on travel? For now it's still 2% back on any redemption, even check, statement credit or bank transfer.
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Carrot|AwardWallet|Skiplagged|uber|Lyft|Instaryde|airBNB|uberEats|DoorDash|Skip the Dishes|Foodora|Ritual|Amazon Prime/Student
Deal Addict
Oct 7, 2008
1241 posts
404 upvotes
JamesPlomppy wrote:
May 25th, 2019 6:14 pm
I'm confused. Isn't this card still going to be 2% back when redeeming on travel? For now it's still 2% back on any redemption, even check, statement credit or bank transfer.
So cash redemptions weren't downgraded to 1.67 % since Feb?
Jr. Member
Aug 24, 2018
112 posts
91 upvotes
Langley BC
I still have this card but have been thinking of leaving after the increased fee and the lower cash back. Any suggestions on what's better?
Koodo $35 5 Gig deal (x2)
Sr. Member
Oct 12, 2008
883 posts
1471 upvotes
Markham
Of all the great credit cards out there, why did OP choose to push one of the most mediocre one...?

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