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MBNA Rewards World Elite® Mastercard®

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Scotia Momentum® Visa Infinite* Card

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MBNA Rewards World Elite® Mastercard® vs Scotia Momentum® Visa Infinite* Card: Which one is better?

MBNA Rewards World Elite® Mastercard®

4.7

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RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

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Scotia Momentum® Visa Infinite* Card

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RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

Finly Rebate

N/A

Finly Rebate

$100 Cash Rebate from FinlyWealth

Rewards Breakdown

Annual Rewards

$597.84

MBNA Rewards

First Year Bonus

$300

MBNA Rewards

Annual Fee

$120

First Year Value

$777.84

$477.84 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Rewards Breakdown

Annual Rewards

$407.15

First Year Bonus

$200

Annual Fee

$120

First Year Value

$607.15

$287.15 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Insurance Included

Lost or Stolen Baggage

$1000/person

Baggage Delay

$1000/person

Car Rental Damage & Theft

31 days

Travel Accident

$1,000,000

Mobile Device Insurance

$1000

Extended Warranty

Up to a year

Purchase Protection

Up to 90 days

Emergency Out of province Medical

$2M for 21 days

Flight Delay

$500/person after 4 hours

Insurance Included

Lost or Stolen Baggage

$500

Baggage Delay

$500

Car Rental Damage & Theft

48 days

Travel Accident

$500,000

Mobile Device Insurance

$1,000

Extended Warranty

1 year

Purchase Protection

90 days

Emergency Out of province Medical

15 days

Flight Delay

$500

Trip Cancellation

$1,500

Trip Interruption

$2,000

Extra Benefits

Car Rental Discount

10% off base rate of Avis Rent A Car and Budget Rent A Car in Canada and US and 5% internationally

Price Protection

$500/item, $1000/account per year

Trip and legal Assistance

Annual Birthday Bonus

10% of the Points earned the 12 months prior to the primary cardholder's birthday month (up to a max 15,000 bonus points per year)

Concierge Services

Extra Benefits

Car Rental Discount

25% off base rate of Avis Rent A Car and Budget Rent A Car

Visa Infinite Exclusive Benefits

Yes

Interest Rates

Purchase:

19.99%

Cash Advance:

24.99%

Interest Rates

Purchase:

20.99%

Cash Advance:

22.99%

Annual Fee

$120

Annual Fee

$120

First Year Waived

Income Required

Min Personal Income:

$80,000

Min Household Income:

$150,000

Income Required

Min Personal Income:

$60,000

Min Household Income:

$100,000

Welcome Bonus

10,000 points for going Paperless. 20,000 points after spending $2,000 after 90 days of account opening

Welcome Bonus

Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on additional cards.

Rewards Rate

5 points on restaurant, grocery, digital media, membership, and household utility purchases (maximum $50,000 spend annually per category)
1 point for everything else

Rewards Rate

4% cashback on groceries, recurring payments (maximum $1000 cashback per year)
2% cashback on gas, daily transit (maximum $500 cashback per year)
1% cashback on all other credit card purchases (unlimited).

Loyalty Program

MBNA Rewards

Loyalty Program

N/A

Point Redemption Options

Most Optimal

Travel

1¢ / point

Gift Cards

0.85¢ / point

Statement Credits (Cash) - World Elite

0.83¢ / point

Merchandise

0.8¢ / point

Statement Credits (Cash) - Platinum

0.5¢ / point

Point Redemption Options

Not Applicable

Is this card worth it?

The MBNA Rewards World Elite® Mastercard® is one of the best reward credit cards in Canada, offering high rewards on frequently spent categories such as groceries and restaurant purchases. The annual birthday bonus, unique to this card, also provides a significant boost to your yearly earnings. Additionally, the card features a comprehensive list of benefits, including price protection—a rare and valuable perk not found with many other cards in Canada. These factors make this card one of the best to have in Canada.

Is this card worth it?

The 4% cashback offered on groceries and recurring purchases is the highest among all other credit cards. With the first year's annual fee waived, and with the right transactions used on this credit card, a high amount of cashback could be earned.

Pros

Both restaurants and groceries, two of the most commonly spent categories, earn decent rewards.
Great annual birthday bonus with up to $150 in value.
A solid list of travel insurance and benefits.
Price protection, a rare feature not offered by many other cards.
Good value for many of the card's redemption options.

Pros

Highest Cashback rates on Groceries and Recurring purchases compared to other cashback credit cards.
High insurance coverage.
First year annual fee waived.

Cons