Credit Cards

MBNA Rewards World Elite MC

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  • Oct 26th, 2020 2:08 pm
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Deal Fanatic
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Oct 24, 2004
6928 posts
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Toronto (Central)
2% on all purchases is ending February 1, 2019

Just got a letter in the mail - see below - so stand-by for yours.
Is there another 2% Mastercard (as I use it at Costco) that will give me 2%+ on all my purchases?

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Deal Fanatic
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Apr 24, 2017
5064 posts
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newt_101 wrote: 2% on all purchases is ending February 1, 2019

Just got a letter in the mail - so stand-by for yours.
Is there another 2% Mastercard (as I use it at Costco) that will give me 2%+ on all my purchases?
Thanks. The time has come. BMO WE, Capital One Aspire Travel WE, then MBNA RWE.Crying Face
Last edited by EdisonL299 on Jul 23rd, 2018 3:18 pm, edited 1 time in total.
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Newbie
Apr 11, 2017
70 posts
46 upvotes
newt_101 wrote: 2% on all purchases is ending February 1, 2019

Just got a letter in the mail - see below - so stand-by for yours.
Is there another 2% Mastercard (as I use it at Costco) that will give me 2%+ on all my purchases?

Page 1
Page 2
Wow RIP this card....

I guess the next closest active MC that gives you a good flat back is 1.75% Rogers WE?
Deal Fanatic
User avatar
Aug 29, 2012
6454 posts
4991 upvotes
newt_101 wrote: 2% on all purchases is ending February 1, 2019

Just got a letter in the mail - see below - so stand-by for yours.
Is there another 2% Mastercard (as I use it at Costco) that will give me 2%+ on all my purchases?

Page 1
Page 2
Noooooo, you don't say?????? That was so unexpected!!!!!

Anyone with a brain saw it coming.

At least it might mean I won't cancel it since I won't be charged an annual fee, as my fee is charged in February. I sure won't use it for anything but balance transfer promos though.

This is exactly why I started using my SimplyCash Preferred as my main card. I encourage everyone else to do the same.
Last edited by Poutinesauce on Jul 23rd, 2018 3:17 pm, edited 1 time in total.
Deal Fanatic
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Oct 24, 2004
6928 posts
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Toronto (Central)
EdisonL299 wrote: Can you please post a picture of the letter? Wow...
What are the new earn rates?? No grandfathered?
Updated my post with letter
Deal Addict
Feb 17, 2017
1081 posts
833 upvotes
Calgary
Poutinesauce wrote: Noooooo, you don't say?????? That was so unexpected!!!!!

Anyone with a brain saw it coming.

At least it might mean I won't cancel it since I won't be charged an annual fee, as my fee is charged in February. I sure won't use it for anything but balance transfer promos though.

This is exactly why I started using my SimplyCash Preferred as my main card. I encourage everyone else to do the same.
Agreed not surprising. In fact if I remember correctly MasterCards WE interchange is going down to something like 1.89 in January, so no way they could make money with the existing product.

I'm surprised at how big a devaluation it is. If I'm reading it correctly, it'll be 1% on dining, gas , groceries and 0.5% on everything else. A pretty crappy card.
Last edited by CanadianSpruce on Jul 23rd, 2018 3:20 pm, edited 1 time in total.
Deal Addict
User avatar
Jan 16, 2007
1029 posts
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Poutinesauce wrote: Noooooo, you don't say?????? That was so unexpected!!!!!

Anyone with a brain saw it coming.

At least it might mean I won't cancel it since I won't be charged an annual fee, as my fee is charged in February. I sure won't use it for anything but balance transfer promos though.

This is exactly why I started using my SimplyCash Preferred as my main card. I encourage everyone else to do the same.
I'll transition to a SimplyCash Preferred and Rogers World Elite mix I think, maybe with Tangerine thrown in for good measure.
[OP]
Moderator
User avatar
Mar 23, 2004
41628 posts
7618 upvotes
Markham
newt_101 wrote: 2% on all purchases is ending February 1, 2019

Just got a letter in the mail - see below - so stand-by for yours.
Is there another 2% Mastercard (as I use it at Costco) that will give me 2%+ on all my purchases?

Page 1
Page 2
...wow. That is sad. Wonder what's going to happen with the af-free users.
Deal Fanatic
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Oct 24, 2004
6928 posts
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Toronto (Central)
Anyone know if MBNA considers Costco to fall under 'Gas/Groceries/Restaurants'? If so, the 2% will still continue, and I would keep the card.
Deal Fanatic
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Aug 29, 2012
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joshnet wrote: I'll transition to a SimplyCash Preferred and Rogers World Elite mix I think, maybe with Tangerine thrown in for good measure.
I have that exact combo. I am overspending on my regular Rogers for a few months so I can be upgraded to the WE.

Does anyone really think TD would have launched a card like this? It's amazing it lasted so long.

TD has the reverse Midas touch. Everything they are involved with turns into a turd.
Newbie
Nov 21, 2017
2 posts
newt_101 wrote: 2% on all purchases is ending February 1, 2019

Just got a letter in the mail - see below - so stand-by for yours.
Is there another 2% Mastercard (as I use it at Costco) that will give me 2%+ on all my purchases?

Page 1
Page 2
I just received a letter as well but it seems to be offering something different.

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Deal Fanatic
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Oct 24, 2004
6928 posts
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Toronto (Central)
adamskub wrote: I just received a letter as well but it seems to be offering something different.

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Anyone know why 2 clients who both have 2% CB are getting 2 different outcomes?
Deal Addict
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Oct 23, 2006
4678 posts
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Winnipeg
angel_wing0 wrote: ...wow. That is sad. Wonder what's going to happen with the af-free users.
I am anxiously awaiting the letter for the AF free grandfathers....

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