Expired Hot Deals

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

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Mar 13, 2008
2725 posts
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Oakville
Latitude57 wrote: 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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Oakville
Latitude57 wrote: 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
625 posts
149 upvotes
Montreal, QC
zdpz wrote: 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%.
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Oct 12, 2008
1155 posts
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Markham
nahsha wrote: 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: 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.
What's in your wallet?
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Feb 24, 2018
12847 posts
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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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Mar 13, 2008
2725 posts
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Oakville
Spawk1028 wrote: 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... ;)
Sr. Member
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Jul 30, 2015
530 posts
339 upvotes
zdpz wrote: Nevermind, your earning 2% but your redemption is still going to bet you Max 1.67%
Still at 2%...
Images
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  • 46544686-83E1-4E7B-AE04-37A2E7F7D9DC.png
Last edited by Latitude57 on Jun 13th, 2019 11:18 am, edited 1 time in total.
Sr. Member
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Jul 30, 2015
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Dave510 wrote: 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: 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
What's in your wallet?
Member
Aug 5, 2018
488 posts
641 upvotes
Latitude57 wrote: 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.
Member
Mar 2, 2016
257 posts
297 upvotes
Toronto
xx1what wrote: 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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Sr. Member
User avatar
Jul 30, 2015
530 posts
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xx1what wrote: 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.
Member
Aug 5, 2018
488 posts
641 upvotes
JamesPlomppy wrote:
I just redeemed 2,700 points for a $27 deposit in my bank account (after earning 2% on all purchases.
Latitude57 wrote: Redeeming for cashback is 10 000pts for 100$. 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.
Sr. Member
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Jul 30, 2015
530 posts
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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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