MBNA World Elite - is it Elite? | Credit card reward programs | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
MBNA World Elite - is it Elite?
May 4, 2021
8:25 am
KamWest
Toronto
Member
Members
Forum Posts: 78
Member Since:
December 20, 2019
sp_UserOfflineSmall Offline

MBNA World Elite
https://www.mbna.ca/en/credit-cards/rewards/mbna-rewards-world-elite-mastercard/

Used to be 2% cash back which was one of the highest rates but now it is different and I cannot quite figure out the percentage

120,000 points are worth $1000 in cash

Am trying to figure out if that beats this card which is a straight 1.5%

Meridian Visa Infinite Business Cash Back Plus Cardhttps://banking.meridiancu.ca/Products_SelectProduct#cards

May 4, 2021
8:35 am
KamWest
Toronto
Member
Members
Forum Posts: 78
Member Since:
December 20, 2019
sp_UserOfflineSmall Offline

So I did the math

MBNA
$60,000 spent gets you 120,000 points
That converts to $1000 cash

MeridianCU
$60,000 spent gets you 1.5%
That converts to $900 cash

Used to be 100,000 points converted to $1000 at MBNA but that was changed to 120,000 points now for the $1000.

So technically it is no longer 2% and it makes the Meridian Card almost competitive and I use Meridian for my business so I am on the fence for switching.

May 4, 2021
8:38 am
KamWest
Toronto
Member
Members
Forum Posts: 78
Member Since:
December 20, 2019
sp_UserOfflineSmall Offline

Again doing the math based on the above..

The Elite MBNA card pays about 1.67% cash back once you work it all out.

Please write your comments in the forum.