PC World Elite Mastercard vs MBNA Rewards World Elite® Mastercard®: Which one is better?
PC World Elite Mastercard
3.1
RECOMMENDED CREDIT SCORE
MBNA Rewards World Elite® Mastercard®
4.7
RECOMMENDED CREDIT SCORE
Rewards Breakdown
Annual Rewards
$271.16
PC Financial
Welcome Bonus
$100
PC Financial
Annual Fee
$0
First Year Value
$371.16
$271.16 in years after
Based on $2,000/mo average spending. Calculate your rewards.
Rewards Breakdown
Annual Rewards
$587.52
MBNA Rewards
Welcome Bonus
$300
MBNA Rewards
Annual Fee
$120
First Year Value
$767.52
$467.52 in years after
Based on $2,000/mo average spending. Calculate your rewards.
Insurance Included
Emergency Out of province Medical
$1M, Up to 10 days.svg)
Car Rental Damage & Theft
Up to 31 days
Purchase Protection
90 days
Extended Warranty
Doubled up to a year
Insurance Included
Emergency Out of province Medical
$1M, Up to 10 daysCar Rental Damage & Theft
Up to 31 daysPurchase Protection
90 daysExtended Warranty
Doubled up to a year
Mobile Device Insurance
$1000
Flight Delay
$500/person after 4 hours
Travel Accident
$1,000,000
Lost or Stolen Baggage
$1000/person
Baggage Delay
$1000/person
Extra Benefits
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Concierge Services
Identity Theft Assistance
Extra Benefits
Concierge Services
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)
Car Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car in Canada and US and 5% internationally
Trip and legal Assistance
Price Protection
$500/item, $1000/account per year
Interest Rates
Purchase:
21.99%
Cash Advance:
22.97%
Interest Rates
Purchase:
19.99%
Cash Advance:
24.99%
Annual Fee
$0
Annual Fee
$120
Income Required
Min Personal Income:
$80,000
Min Household Income:
$150,000
Income Required
Min Personal Income:
$80,000
Min Household Income:
$150,000
Welcome Bonus
100,000 PC after approval of the application
Welcome Bonus
10,000 points for going Paperless. 20,000 points after spending $2,000 after 90 days of account opening
Rewards Rate
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
Loyalty Program
Loyalty Program
Point Redemption Options
Groceries
0.1¢ / point.svg)
Gas (Esso)
0.1¢ / point
Point Redemption Options
Most Optimal
Travel
1¢ / point
Gift Cards
0.85¢ / point
Statement Credits - World Elite
0.83¢ / point
Merchandise
0.8¢ / pointStatement Credits - Platinum
0.5¢ / point
Is this card worth it?
This is a great card to have in your arsenal if you frequently shop at Shoppers Drug Mart®, Loblaw's owned chains, and ESSO and Mobil gas stations, as you will earn significant rewards in these categories. The additional benefits, such as out-of-province medical insurance, car rental damage insurance, and concierge service, are impressive and typically only come with cards that have annual fees; however, you can access these benefits for free with this card. We do not recommend using this as your primary credit card but as a supplement to another primary card, especially because there are no fees. This is because the rewards on purchases outside the mentioned shops are very average, and many other cards offer much more substantial rewards for general use.
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.
Pros
- Out-of-province medical insurance, concierge service, and car rental damage insurance—benefits that are usually included with cards that have fees—are included with this card.
- Decent rewards on purchases at Shoppers Drug Mart®, Loblaw's owned chains, and ESSO and Mobil gas stations.
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.
Cons
- Many other high-spend categories don't earn as many rewards. Shopping at any other grocery chains, gas stations, or pharmacies will only give the base reward rate, and restaurant purchases and purchases in other categories don't earn much either.
Cons
- Trip cancellation and interruption insurance, two great benefits are missing from this card.
- Not the best card for gas purchases.
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