MBNA Rewards World Elite® Mastercard®

MBNA Rewards World Elite® Mastercard®

Apply Now
TD® Aeroplan® Visa Infinite Privilege* Credit Card

TD® Aeroplan® Visa Infinite Privilege*

Apply Now

MBNA Rewards World Elite® Mastercard® vs TD® Aeroplan® Visa Infinite Privilege*: Which one is better?


MBNA Rewards World Elite® Mastercard®

MBNA Rewards World Elite® Mastercard®

4.7


RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

TD® Aeroplan® Visa Infinite Privilege* Credit Card

TD® Aeroplan® Visa Infinite Privilege*

3.2


RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

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

$601.85

Air Canada Aeroplan®


First Year Bonus

$1,470

Air Canada Aeroplan®


Annual Fee

$599


First Year Value

$1,472.85

$2.85 in years after

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

Insurance Included

  • lost baggage

    Lost or Stolen Baggage

    $1000/person
  • hourglass timer

    Baggage Delay

    $1000/person
  • car insurance

    Car Rental Damage & Theft

    31 days
  • heart lock

    Travel Accident

    $1,000,000
  • mobile device insurance

    Mobile Device Insurance

    $1000
  • extended warranty

    Extended Warranty

    Up to a year
  • purchase protection

    Purchase Protection

    Up to 90 days
  • travel accident medical

    Emergency Out of province Medical

    $2M for 21 days
  • hourglass timer

    Flight Delay

    $500/person after 4 hours

Insurance Included

  • lost baggage

    Lost or Stolen Baggage

    $2.5K/person
  • hourglass timer

    Baggage Delay

    $1K/person after 4 hours
  • car insurance

    Car Rental Damage & Theft

    Up to 48 consecutive rental days
  • heart lock

    Travel Accident

    $500,000
  • mobile device insurance

    Mobile Device Insurance

    $1,500
  • extended warranty

    Extended Warranty

    2 years
  • purchase protection

    Purchase Protection

    120 days
  • travel accident medical

    Emergency Out of province Medical

    $5M/insured up to 31 days
  • hourglass timer

    Flight Delay

    $1,000/person after 4 hours

  • burglar

    Hotel Burglary Insurance

    $2500
  • travel accident medical

    Emergency Medical Over 65

    $5M/insured up to 4 days
  • cancel airplane

    Trip Cancellation

    $2.5K/person, $5K/trip
  • pause

    Trip Interruption

    $5K/person, $25K/trip

Extra Benefits

  • car rental

    Car Rental Discount

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

    Trip and legal Assistance

  • concierge

    Concierge Services


  • price protection

    Price Protection

    $500/item, $1000/account per year
  • birthday cake

    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)

Extra Benefits

  • car rental

    Car Rental Discount

    10% off base rate of Avis Rent A Car and Budget Rent A Car
  • gavel

    Trip and legal Assistance

  • concierge

    Concierge Services


  • exclusive

    Visa Infinite Exclusive Benefits

  • alcohol cheers

    Airport Lounge - Dragon Pass

    6 Free complimentary visits
  • airplane love

    Companion Voucher

    Annual Worldwide Companion Pass from $99 to a max of $599 After spending $25,000 on your card
  • star fall

    Status lift

    Reach Aeroplan Elite™ Status sooner by earning 1,000 Status Qualifying Miles and one (1) Status Qualifying Segment for every $5,000 of net purchases
  • star fall

    Status lift

    Complimentary upgrade to Avis® President's Club
  • star fall

    Status lift

    Primary Cardholders who also hold Aeroplan Elite Status can roll over up to 200,000 Status Qualifying Miles (SQM) beyond the status level for which they’ve qualified, from the prior qualification year to qualify for status the next year.
  • star fall

    Status lift

    Primary Cardholders who also hold Aeroplan Elite Status will benefit from an extra 12 months to use eUpgrade credits, for a total of 24 months from issuance.
  • star fall

    Status lift

    Diamond Status with Visa RSVP Rewards™ Benefit. Benefits at 60+ participating Sandman, Sandman Signature and Sutton Place Hotels from coast-to-coast in Canada and beyond.
  • luggage

    Free first checked bag

    First checked bag is free for primary cardholder on WestJet flight and up to 8 guests
  • reward cup

    Extra points

    Earn 50% more Stars and 50% more Aeroplan points at participating Starbucks stores
  • reward cup

    Extra points

    Earn points twice at over 150 Aeroplan partner brands and over 170 online retailers through the Aeroplan eStore
  • reward cup

    Extra points

    Earn 2 Aeroplan points for every $1 you spend on eligible purchases with Rocky Mountaineer, Plus, cardholders could receive a GoldLeaf Upgrade, and a hotel room upgrade
  • border guard

    Nexus Program Rebate

    $100 every 4 years
  • airport waiting room

    Priority Travel

    At Toronto, Vancouver, Ottawa and Montreal airports get benefits such as Priority Security lane, Complimentary valet, premium parking spots, priorioty taxi and limo lane and discount for parking.
  • airport waiting room

    Priority Travel

    Get Priority Check-in, Priority Boarding and Priority Baggage Handling, Priority Airport Standby & Priority Airport Upgrades for you, your authorized users and up to 8 companions on the same flight (Only AirCanada)
  • golf clubs

    Golf Benefit

    Troon Rewards Golf benefits like discounts at over 95 resorts and courses around the world plus access to select private clubs across the U.S
  • alcohol cheers

    Airport Lounge - Maple Leaf and AirCanada Cafes

    Unlimited Access for you and one guest

Interest Rates

Purchase:

19.99%

Cash Advance:

24.99%

Interest Rates

Purchase:

20.99%

Cash Advance:

22.99%

Annual Fee

$120

Annual Fee

$599

Income Required

Min Personal Income:

$80,000

Min Household Income:

$150,000

Income Required

Min Personal Income:

$150,000

Min Household Income:

$200,000

Welcome Bonus

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

Welcome Bonus

20,000 points after approval. 50,000 points after spending over $7,500 within 180 days of account opening. 30,000 Aeroplan points when you spend $24,000 within 12 months of Account opening at the anniversary of the card.

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

  • 2 points on Air Canada and Air Canada Vacations if they are in the first $100k transactions of the year
  • 1.5 points on Gas, Groceries, Travel and Dining if they are in the first $100k transactions of the year
  • 1.25 Point on everything else

Loyalty Program

Loyalty Program

Point Redemption Options

  • Most Optimal

    travel - plane

    Travel

    1¢ / point
  • gift card

    Gift Cards

    0.85¢ / point
  • online shop

    Merchandise

    0.8¢ / point

  • cash coins

    Statement Credits (Cash) - World Elite

    0.83¢ / point
  • cash coins

    Statement Credits (Cash) - Platinum

    0.5¢ / point

Point Redemption Options

  • travel - plane

    Travel

    0.825¢ / point
  • online shop

    Merchandise

    0.75¢ / point
  • gift card

    Gift Cards

    0.72¢ / point

  • Most Optimal

    flight plane

    Aeroplan® Flights

    2.1¢ / point
  • car rental

    Car Rentals

    0.9¢ / point

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?

If you travel a lot throughout the year with Air Canada, the benefits of this card can significantly enhance your experience. It can help you achieve the next status level with Aeroplan and provide a better airport experience, therefore it can be worth the price tag. However, if you don't frequently fly with Air Canada, the benefits may not justify the card's expensive price tag.

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

  • Premium experience for Elite Air Canada travelers with many benefits and status upgrades.
  • High coverage limit on insurance.
  • Numerous luxury benefits and statuses available for use.

Cons

  • Trip cancellation and interruption insurance, two great benefits are missing from this card.
  • Not the best card for gas purchases.

Cons

  • The rewards rate on this card is not that high. There are non-Aeroplan cards with much better reward programs, and their points can later be transferred to this card, making them better options if you are looking to gather Aeroplan points.
  • You lose the flexibility to use other airlines if you want to take advantage of the benefits of this card.
  • The high price tag makes this card a poor choice if you don't frequently travel with Air Canada.
  • The unlimited lounge access is limited to Maple Leaf Lounges and Air Canada Cafe lounges which don't have a great worldwide coverage.

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