MBNA Rewards Points Value Calculator

Looking for high-point values across various categories? Then consider submitting an application for an MBNA Rewards credit card.

Sure, there are only a couple of cards equipped with this rewards program, but both come pre-loaded with plenty of redemption opportunities – everything from travel and gift cards to merchandise and cash.

To truly understand just how lucrative your MBNA points can be, keep scrolling.

How do you earn MBNA Reward Points?

Simply put, the best way to earn MBNA Rewards points is by applying for an eligible credit card.

There are two MBNA Rewards credit cards on the Canadian market, the MBNA Rewards World Elite Mastercard and the MBNA Rewards Platinum Plus Mastercard.

Below, we’ve broken down these two contenders even further so you can distinguish which one best suits your spending habits.

Our choice for: Highest rewards on groceries & dining

MBNA Rewards World Elite® Mastercard®

MBNA Rewards World Elite® Mastercard®

5

Finly Rating

APPLY NOW

go to MBNA's website

$120 Cash Rebate From FinlyWealth

Welcome Bonus*

Up to 30,000 points ($245 in cash back value)††

Rewards Rate*

1x - 5x Points

Annual Fee*

$120

Interest Rates

19.99% / 24.99%

RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

Our Take

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 & Cons

Pros

---

• Both restaurants and groceries, two of the most commonly spent categories, earn the most 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

---

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

Card Details

Rewards*

• Earn 5 points^‡ for every $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases until $50,000 is spent annually in the applicable category.
• 1 point^‡ for every $1 on all other eligible purchases.
• Each year, you will receive Birthday Bonus Points^‡ equal to 10% of the total number of Points the Account earned in the 12 months before the month of the primary cardholder's birthday, to a maximum Birthday Bonus each year of 15,000 Points.

Insurance*

Coverage*

• 

  Mobile Device Insurance

  $1000
• 

  Purchase Protection

  Up to 90 days
• 

  Extended Warranty

  Up to a year
• 

  Car Rental Damage & Theft

  31 days
• 

  Flight Delay

  $500/person after 4 hours
• 

  Travel Accident

  $1,000,000
• 

  Emergency Out of province Medical

  $2M for 21 days
• 

  Lost or Stolen Baggage

  $1000/person
• 

  Baggage Delay

  $1000/person

Benefits*

Details*

• 

  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
• 

  Concierge Services
• 

  Price Protection

  $500/item, $1000/account per year

Eligibility*

• Credit Score

  Good
• Annual Income

  $80,000 personal or $150,000 household

^*††, ‡, ✪, ***, ††††, Terms and Conditions apply. This offer is not available for residents of Quebec. Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button. The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank. ®MBNA and other-trademarks are the property of The Toronto-Dominion Bank. Check here for full details and current product information.

The MBNA Rewards World Elite Mastercard is a top Canadian rewards card, unlocking strong point-potential across multiple earn categories like dining, groceries, digital media, membership, and household utility purchases.

This points system is paired with extensive insurance coverage, including protections like mobile device insurance, flight and baggage delay insurance, and car rental damage and theft insurance.

To top it all off, cardholders receive quite a few benefits – everything from car rental discounts at Avis Rent A Car and Budget Rent A Car to rare price protection coverage and an annual birthday bonus of extra points per year.

To compensate for all of these perks, you’ll have to support a reasonable annual fee and meet some high income requirements – which might make this contender a little more exclusive.

Overall, this card is the most premium option offered by the MBNA Rewards program.

MBNA Rewards Platinum Plus Mastercard®

MBNA Rewards Platinum Plus Mastercard®

3.4

Finly Rating

APPLY NOW

go to MBNA's website

Welcome Bonus*

Up to 10,000 bonus points†† + 4x points on restaurant, grocery, digital media, membership and household utility purchases††

Rewards Rate*

1x - 4x Points

Annual Fee*

$0

Interest Rates

19.99% / 24.99%

RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

Our Take

The MBNA Rewards Platinum Plus MasterCard is a solid no-annual-fee card choice with high returns on restaurant and grocery purchases, which are the most common spending categories for most people. Additionally, it offers one of the highest signup bonuses for a no-annual-fee card. However, there are two main considerations before choosing this card. If you are open to a card with an annual fee, many other cards offer better rewards. Furthermore, the points earned need to be used for travel to fully benefit from this card; otherwise, if you are not planning to use the points for travel, you are better off with a cashback or another type of card.

Pros & Cons

Pros

---

• One of the best no-annual-fee credit cards in Canada, both in terms of rewards and signup bonus.
• Both restaurants and groceries, two of the most commonly spent categories, earn decent rewards.
• Great annual birthday bonus with up to $100 in value.

Cons

---

• Points must be used for travel otherwise the points won't have much value
• There are better alternative cards both for cashback and paid cards that have higher reward rates

Card Details

Rewards*

• Earn 4 points^†† for every $1 spent on eligible restaurant, grocery, digital media, membership and household utility purchases during the first 90 days (these earn rates apply until $10,000 is spent annually in the applicable category)
• 2 points^‡ for every $1 spent on restaurant, grocery, digital media, membership and household utility purchases (these earn rates apply until $10,000 is spent annually in the applicable category)
• 1 point^‡ for every $1 spent on all other eligible purchases
• Each year, you will receive Birthday Bonus Points^‡ equal to 10% of the total number of Points earned in the 12 months before the month of your birthday, to a maximum Birthday Bonus each year of 10,000 Points

Insurance*

Coverage*

• 

  Mobile Device Insurance

  $1000
• 

  Purchase Protection

  Up to 90 days
• 

  Extended Warranty

  Up to a year

Benefits*

Details*

• 

  Annual Birthday Bonus

  10% of the Points earned the 12 months prior to the primary cardholder's birthday month (up to a max 10,000 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

Eligibility*

• Credit Score

  Good
• Annual Income

  N/A

^*‡, ††, ✪, ***, Terms and Conditions apply. This offer is not available for residents of Quebec. Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button. The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank. ®MBNA and other-trademarks are the property of The Toronto-Dominion Bank. Check here for full details and current product information.

For no annual fee or income requirements, you can apply for the MBNA Rewards Platinum Plus Mastercard instead.

With this card, you’ll earn slightly fewer points per dollar spent on eligible restaurant, grocery, digital media, membership, and household utility purchases.

As far as coverage goes, considering this is a no-fee alternative, cardholders are only allotted to three insurance categories – mobile device insurance, extended warranty insurance, and purchase protection insurance.

There are also only two benefits on this card: the same car rental discount at Avis and Budget locations, plus the same annual birthday bonus featured on the MBNA Rewards World Elite Mastercard.

Ultimately, you might apply for the MBNA Rewards Platinum Plus Mastercard over the MBNA Rewards World Elite Mastercard if you’re more budget-conscious or low-income, but still want to earn solid rewards in similar categories and take advantage of some of the same benefits like that annual birthday bonus. Otherwise, if you want more point-potential, better coverage, and superior perks, stick to the MBNA Rewards World Elite Mastercard.

How do you Redeem your MBNA Rewards Points?

Now that you know where MBNA Rewards points come from, the only logical next step is to understand how you can use them.

Below, we’ve built a redemption table that clearly highlights every redemption category, opportunity, and overall point value within each respective redemption category, so you can get a better idea of how to turn your points into something lucrative.

For your convenience, we’ve also listed these categories from most valuable to least valuable, so you’ll be well-versed on where your points will serve you best.

Take a Trip with MBNA Travel

If you’re planning on taking a trip, courtesy of your MBNA Rewards points, you can expect the following travel redemption options:

• Flights – use your points to pay for plane tickets through tons of airlines (whether international or domestic) and avoid blackout dates.
• Hotel Stays – Accumulate points to cover hotel accommodations at luxury properties around the world.
• Vacation Packages – Resort planning can be made easy by bundling your flight, stay, and activities into plenty of exclusive packages.
• Car Rentals – Sometimes it’s not about the destination, but more so the journey. Enjoy yours by redeeming your MBNA Rewards points towards top-tier rental cars. 

No matter which redemption option you choose, you’ll essentially use 10,000 MBNA points to for every $100 travel credit.

To effectively search and redeem for travel, you’ll need to log into your MBNA account. From there, you’ll want to click on “Manage Rewards”, then select "Travel" to be redirected to MBNA’s travel booking website.

Giveaway Points with Gift Cards

Give your loved ones the gift of choice and yourself the gift of saving by buying gift cards using your MBNA Rewards points. 

In the following table, we’ve broken down this redemption category even further.

The cent-per-point value of your gift card will depend on the overall value of your gift card ($25, $30, $50, $100, 0r $200) and the amount of points required to cover that value.

To purchase your gift card, simply:

1. Log into the MBNA website and open up the Rewards Catalogue.
2. From there, select either “E-Gift Cards” or “Gift Cards” from the menu and sift through your options.
3. To check out, provide your shipping and payment information to finalize your order.

Transform Points into Eligible Merchandise

Why hang on to points when you can transform them into popular products?

When you redeem your MBNA Rewards points for eligible merchandise you can extract some high values from them. In fact, in some cases, the cent-per-point value on certain products may even surpass the cent-per-point value of MBNA Travel redemptions, but this really all depends on the product and availability, making it a less consistent high-redemption option.

Available merchandise will vary, but product categories tend to remain the same. Choose items from categories like:

• Toys
• Electronics
• Fashion and Accessories
• Health and Wellness
• Home and Garden
• Kitchen and Dining
• Luggage and Bags
• Sports and Leisure

How do I Calculate a Product’s Point Value?

Since products vary, so do point values. With this in mind, rather than give you an unreliable range of values, we’ll teach you how to calculate a product’s point value instead.

To decipher how much your points are worth depending on the product, simply divide the price of the product by the amount of points necessary to cover the cost, then multiply that value by 100.

For example, if a pair of sunglasses in the Rewards Catalogue costs $120 CAD and you need 13,000 points to cover that cost, then the value of your MBNA points in this particular case is about 0.9 cpp.

Trade Points for Cash

Whether you want to use your points to put cash back into your bank account or you want to pay your points forward by donating them to charity, the MBNA Rewards Program has you covered.

To trade points for cash, you can either call the MBNA Rewards Centre or visit the MBNA website and log into your account. Once signed in, hit “Manage Rewards” and select “Cashback and Charitable Donations.” From here, decide whether you want to turn your MBNA points into a credit on your credit card balance, deposit them into your personal checking account, or donate their value to partnered charity organizations. As of now, participating charities include the Canadian Cancer Society, the United Way of Canada, and the Children’s Wish Foundation.

Whether you’re choosing to redeem your points towards a statement credit or charitable donation, note that the value of your MBNA Rewards points will depend on which MBNA Rewards Credit Card you have.

Check out the following table for more details:

So, What’s the Best Way to Optimize my MBNA Rewards Points?

Based on the values plugged into the above redemption tables, the best way to optimize your MBNA Rewards points is to redeem your points towards MBNA Travel. This redemption category offers a point value of 1 cpp, which is the most consistently high cent-per-point value available through this rewards program.

Of course, sometimes, there may be some redemption options within other redemption categories that have the potential to provide better point values. For example, certain merchandise or gift cards could accumulate a higher cent-per-point value, but these values are far less dependable by comparison.

Are MBNA Rewards Worth it?

Whether you’re an avid traveller or a savvy shopper, the MBNA Rewards program will provide you with plenty of flexible redemption options. 

Ultimately though, you’re going to consistently squeeze the most value out of your MBNA Rewards points if you redeem them towards eligible travel.

Sometimes, however, you may even snag better point values through merchandise or gift card redemptions – so keep an eye out for these exclusive opportunities!