Thursday, November 21, 2019

New increased sign up bonus of up to 30,000 points for the MBNA Rewards World Elite Mastercard

Earlier in the year we saw MBNA bump the welcome bonus for the MBNA Rewards World Elite Mastercard to 20,000 points. Now as of the start of this month they further increased it by another 10,000 points. If you can meet all the requirements, that is, spend $2,000 on the card and enroll in paperless statements you'll score 30,000 points worth $300 towards any travel.

You may recall these are the cards that underwent some changes earlier in the year and late last summer. The cards were very popular up until the middle of 2018 as the points there earned could be redeemed for travel or cash back at the same rate. Some of the value was eroded when the annual fee on the World Elite Version was bumped to $120 per year from $89. This was with no increase in benefits or sign up bonus. It was also announced at that time that the redemption rate for cash back was changing in February 2019 from 2% to about 1.67%. The good news was the redemption rate for travel did not change which means it is still a really good 2% return.

Related: Why proprietary credit card reward programs are the best option for most Canadians

If really flexible travel rewards are key for you and you are not interested in cash back or a ton of extra benefits this is still a card to consider as you know no matter what or where you spend you are getting 2% back towards any travel.

The card details below show the latest offers on these cards and may not be representative of the discussion above:

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