Reviewed by Jen, founder of MoneyMint · Updated September 25, 2026

MBNA (a division of The Toronto-Dominion Bank)Premium Rewards

MBNA Rewards World Elite Mastercard

Our take: strongest for groceries and dining — about 5% back in value (est.) for $120 a year, plus a welcome bonus we value at roughly $300.

#5 Restaurants

Welcome bonusUp to 30,000 MBNA Rewards points

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Our review

The MBNA Rewards World Elite Mastercard is MBNA’s premium rewards card, offering 5 points per dollar on grocery, restaurant, digital media, membership, and household utility purchases (up to $50,000 in annual spend), plus a solid travel insurance package. At a $120 annual fee and $80,000/$150,000 income bar, it competes with other World Elite travel-rewards cards, though it notably skips airport lounge access — a gap worth weighing against competitors that include it.

3.4out of 5

MoneyMint rating

#23 of 30 travel rewards cards · How we rate

Rewards value

6/10

Insurance

4/10

Flexibility

8/10

Welcome bonus

4/10

Fee value

10/10

Perks

2/10

≈ $786

estimated first-year value after the annual fee, on a typical $2,050/month budget. Points are converted to dollars using MoneyMint’s own valuations — see our points value calculator for how each program is valued. See it for your spending →

At a Glance

Annual Fee

$120$50 per additional cardholder

Rewards Rate

5x on bonus categories, 1x elsewhereBonus categories capped at $50,000/year in combined spend

Welcome Bonus

Up to 30,000 points20,000 after $2,000 spend in 90 days + 10,000 for paperless e-statements

Rewards

~5%on groceries (est. value)

Purchase APR 21.99%

Pros & Cons

Pros

5 points per dollar on grocery, restaurant, digital media, membership, and utility purchases
Welcome bonus worth up to 30,000 points ($150–$300 depending on redemption method)
Travel medical insurance up to $2,000,000 for the first 21 days of a trip (under age 65)
Flight/trip delay, baggage, and rental car collision insurance included
Birthday bonus of 10% of points earned in the prior 12 months, up to 15,000 points
Price protection and mobile device insurance

Cons

No airport lounge access, unlike some competing World Elite travel cards
No trip cancellation/interruption insurance or common carrier travel accident insurance
$120 annual fee needs real bonus-category spend to be worthwhile
2.5% foreign transaction fee (not explicitly confirmed on MBNA’s marketing page)
Bonus categories don’t include gas or EV charging
Welcome bonus requires enrolling in paperless e-statements to unlock the full 30,000 points

Rewards & Earn Rates

Purchase APR21.99%

Cash Advance APR22.99%

Balance Transfer APR22.99%1% transfer fee, minimum $3.50

Foreign Transaction Fee2.5% (est.)

Best for grocery and restaurant spenders who don’t need airport lounge access

Who It’s For

Best for

Households with substantial grocery, dining, and utility spending
Applicants who qualify for World Elite income minimums and want a rewards-focused card
Cardholders who value travel medical insurance over lounge access

Not ideal for

Frequent flyers who prioritize airport lounge access
Travelers who want trip cancellation/interruption coverage
Low bonus-category spenders who won’t clear the $120 fee easily

Not Sure? Three Cards People Compare It With

All everyday spending cards →

Scotiabank Passport Visa Infinite Privilege

Pick this instead if you spend abroad — it has no foreign transaction fee.

Fee $599Rating 3.8 ★Bonus $800

Read review

RBC Cash Back Preferred World Elite Mastercard

Pick this instead if travel insurance matters more to you.

Fee $120Rating 4.1 ★Bonus $300

Read review

BMO Ascend World Elite Mastercard

Pick this instead if you want a bigger welcome bonus (~$670 est.).

Fee $150Rating 3.2 ★Bonus $670

Read review

3.4MoneyMint rating

MBNA Rewards World Elite Mastercard

Best for groceries and dining · $120/year · ~$300 welcome bonus (est.)

Apply on MBNA’s site →Find a better fit

Jen, founder of MoneyMint

Reviewed by Jen. Every figure on this page was checked against MBNA’s official card page on September 25, 2026. How we rate cards →

This is general information, not personalized financial advice — consider your own spending habits and consult a professional for decisions specific to your situation. Rates, fees, and offers are set by MBNA (a division of The Toronto-Dominion Bank) and can change without notice; always confirm current terms on the issuer’s official page before applying.

Frequently Asked Questions

What is the annual fee for the MBNA Rewards World Elite Mastercard?

The MBNA Rewards World Elite Mastercard has an annual fee of $120/year primary; $50/year per additional cardholder.

What is the rewards rate on the MBNA Rewards World Elite Mastercard?

The MBNA Rewards World Elite Mastercard offers: 5 points per $1 on grocery, restaurant, digital media, membership, and household utility purchases (up to $50,000/year combined spend), 1 point per $1 on all other purchases

Does the MBNA Rewards World Elite Mastercard have a welcome bonus?

Up to 30,000 MBNA Rewards points 20,000 points after $2,000+ in eligible purchases within 90 days, plus 10,000 points for enrolling in paperless e-statements within 90 days. Quebec residents: reduced offer of up to 20,000 points. No fixed expiry found — verify current terms before applying.

What credit score do I need to qualify for the MBNA Rewards World Elite Mastercard?

Generally, you’ll want a very good credit score to be considered for the MBNA Rewards World Elite Mastercard. Approval also depends on income and overall credit history, not credit score alone.

Does the MBNA Rewards World Elite Mastercard charge foreign transaction fees?

2.5%