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

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Mar 13, 2008
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Oakville
Latitude57 wrote:
Jun 12th, 2019 11:42 pm
One of the most mediocre one ? I’m still earning 2% cash back here !
Unbelievable! I've had this card since 8 years and they sent a notice to me last year saying goodbye to the 2%. Can you post a redacted screen shot of your rewards page which shows % earned, you can blackout all your personal details, and kinky places you shop at if you like.

It will just fuel my resentment against TD even further, but it's mostly professional curiosity.
-ZdpZ... ;)
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Mar 13, 2008
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Latitude57 wrote:
Jun 12th, 2019 11:42 pm
One of the most mediocre one ? I’m still earning 2% cash back here !
Nevermind, your earning 2% but your redemption is still going to bet you Max 1.67%
-ZdpZ... ;)
Sr. Member
Feb 28, 2015
577 posts
134 upvotes
Montreal, QC
zdpz wrote:
Jun 13th, 2019 12:54 am
Nevermind, your earning 2% but your redemption is still going to bet you Max 1.67%
Not if he's in QC. Our earning/redemption rate is still at 2%.
Sr. Member
Oct 12, 2008
912 posts
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Markham
nahsha wrote:
Jun 13th, 2019 1:01 am
Not if he's in QC. Our earning/redemption rate is still at 2%.
Yes, but in exchange you basically get a shittier deal for everything else.
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Oct 28, 2016
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Albertariolandbec
zdpz wrote:
Jun 13th, 2019 12:35 am
Exactly, TD ruined the best card in Canada, which was the too card for like 7 years running.

I warned at least $1250 a year from this card, now I get $590 Max even though I spend more.

And there's nothing else that offers 2% cash back.

The Rogers card is only good for Rogers customers, and even then, it's not going to yield $1250 a year with my spending.

There are some great cards in the US, but I can't even get those and the conversion fees kill it.
I had the mbna card but switched to Rogers. You don't need to be a Rogers customer to reap the rewards. I just used 400 bucks worth of points on a home depot purchase. You just have to install the mastercard app and apply your points to whatever purchase you want. A little bit more of a task but the same outcome.
"Live Long....and ProspeRFD"
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Feb 24, 2018
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My emergency backup card is MBNA, I stopped using it as a primary years ago because of the TD acquisition and the resulting neutering.
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Oakville
Spawk1028 wrote:
Jun 13th, 2019 5:54 am
I had the mbna card but switched to Rogers. You don't need to be a Rogers customer to reap the rewards. I just used 400 bucks worth of points on a home depot purchase. You just have to install the mastercard app and apply your points to whatever purchase you want. A little bit more of a task but the same outcome.
Very interesting, so what is the effective net Cashback for nongrocery non gas purchases?
-ZdpZ... ;)
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Jul 30, 2015
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zdpz wrote:
Jun 13th, 2019 12:54 am
Nevermind, your earning 2% but your redemption is still going to bet you Max 1.67%
Still at 2%...
Images
  • C370DEA9-2687-4B48-825D-C7010CB5DA27.jpeg
  • 46544686-83E1-4E7B-AE04-37A2E7F7D9DC.png
Last edited by Latitude57 on Jun 13th, 2019 11:18 am, edited 1 time in total.
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Dave510 wrote:
Jun 13th, 2019 2:15 am
Yes, but in exchange you basically get a shittier deal for everything else.
How so ? What’s shittier exactly ?
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Oct 28, 2016
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Albertariolandbec
zdpz wrote:
Jun 13th, 2019 11:10 am
Very interesting, so what is the effective net Cashback for nongrocery non gas purchases?
Its 1.75% on everything no matter what. I then loaf up the app and use the points towards any recent purchases. Pretty straightforward
"Live Long....and ProspeRFD"
Member
Aug 5, 2018
420 posts
464 upvotes
Latitude57 wrote:
Jun 13th, 2019 11:14 am
Still at 2%...
Redeeming for cashback is 12,000 for $100

120pt/$1
0.83c / pt

Thus 2 pt / $ spent
is 1.67c / $ spent

This is 1.67% everyone is talking about onthe credit card subforum.

For the annual fee, you get less % than rogers WE at 1.75% no annual fee.


Technically, you get 1c/ pt for travel, but you have to redeem through MBNA travel, which is higher priced than other agents.
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Mar 2, 2016
225 posts
235 upvotes
Toronto
xx1what wrote:
Jun 13th, 2019 11:47 am
Redeeming for cashback is 12,000 for $100

120pt/$1
0.83c / pt

Thus 2 pt / $ spent
is 1.67c / $ spent

This is 1.67% everyone is talking about onthe credit card subforum.

For the annual fee, you get less % than rogers WE at 1.75% no annual fee.


Technically, you get 1c/ pt for travel, but you have to redeem through MBNA travel, which is higher priced than other agents.
I just redeemed 2,700 points for a $27 deposit in my bank account (after earning 2% on all purchases.
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Jul 30, 2015
411 posts
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xx1what wrote:
Jun 13th, 2019 11:47 am
Redeeming for cashback is 12,000 for $100

120pt/$1
0.83c / pt

Thus 2 pt / $ spent
is 1.67c / $ spent

This is 1.67% everyone is talking about onthe credit card subforum.

For the annual fee, you get less % than rogers WE at 1.75% no annual fee.


Technically, you get 1c/ pt for travel, but you have to redeem through MBNA travel, which is higher priced than other agents.
Redeeming for cashback is 10 000pts for 100$. Look at my other post attached picture.
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Aug 5, 2018
420 posts
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JamesPlomppy wrote:
Jun 13th, 2019 12:14 pm

I just redeemed 2,700 points for a $27 deposit in my bank account (after earning 2% on all purchases.
Latitude57 wrote:
Jun 13th, 2019 12:58 pm
Redeeming for cashback is 10 000pts for 100$. Look at my other post attached picture.
It's hard for me to make a judgement on your datapoints.

I believe anyone who has the card has received a letter stating the change to 120pt to 1$

It's also listed here, under 'MBNA reward program'
https://www.mbna.ca/en/credit-cards/rew ... astercard/

While you have received 100 pt to $1 on your redemption, it is likely this is only a glitch in the system. The glitch can be fixed anytime in the future, and you would not have any grounds to argue with MBNA with your point devaluation.

Whether one would take this risk, is arguable.

At $120 annual fee, not worth it compared to rogers WE at 1.75% no annual fee even if the glitch stays in place.
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Jul 30, 2015
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I did not receive any letter or notice regarding changes to redemption and have been redeeming cash back at 2% since 2017... and I’m not aware of anyone in QC that is only getting 1.67% rate.

I called back in February and they told me there were no changes to my account. I don’t know why but it’s nowhere a glitch.

Depending on how much you spend you may be better paying 120$ annual fee at 2%. i have redeemed 5700$ in two years. I would loose money with Rogers card

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