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[ANALYSIS] MBNA Rewards World Elite MasterCard

Several Pointshogger readers have asked about the MBNA Rewards World Elite MasterCard, which allows you to earn MBNA reward points. So here is a review, below are the highlights of the credit card:

MBNA Rewards World Elite MasterCard

  • $89 annual fee (waived for the first year)
  • Earn 10,000 points sign up bonus on the first purchase
  • Earn 2 points for every $1 in eligible purchases
  • 1 point = 1 cent in value during redemption

This is a very basic and straight up credit card. The only real analysis to be made is the annual fee versus the points you earn. The first year is a no-brainer, you earn 10,000 points for free, which essentially equates to $100 in cash value. Thereafter, you are paying $89 per year to earn a 2% return.

Compared to the other top credit cards out there, this annual fee is much more reasonable, so that is the most encouraging sign. The two credit card cards that I would compare this card with are:

Capital One Aspire Travel (discussed further here)

Capital One Aspire Travel MasterCard

  • $120 annual fee
  • Earn points that can be redeem for a variety of rewards
  • Earn 35,000 sign up bonus points after your first purchase
  • Earn 10,000 anniversary bonus points
  • Earn 2 points per $1 spend on anything
  • Tier-ing system when redeeming your points

Capital One Aspire Cash MasterCard (discussed further here)


  • No annual fee
  • Earn 1% cash back on all purchases
  • Earn a bonus 25% extra cash on your anniversary year of having the card
  • You can cash out any time on any amount

When comparing to the Capital One Aspire Travel, I prefer the 10,000 anniversary bonus, essentially reducing my annual fee from $120 to $20. You are earning the same 2 points per $1 spent on anything. The downside is the tier-ing system when redeeming your points. But I still give the edge to the Capital One Aspire Travel because I do not like paying so much out of my pocket.

If the tier-ing system is a deal breaker for you, then when comparing to the Capital One Aspire Cash MasterCard, the key thing is the no annual fee and a 1.25% return. To justify the $89, you need to spend

$12,000 per year on the MBNA Rewards World Elite MasterCard = 24,000 points = $240 cash back
$240 – $89 (annual fee) = $151

$12,000 per year on the Capital One Aspire Cash MasterCard = $120
$120 + $30 (anniversary bonus of 25%, $120 x 25% = $30) = $150

Therefore, you will need to spend $12,000 per year on your credit card to start coming out ahead of the Capital One Aspire Cash MasterCard. I would do your personal calculations before deciding which credit card to get.

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Pointshogger aims to provide analysis and updates on earning loyalty reward points and maximizing the value of your points. We hope to inspire our readers to experience the joy of travel and make the most out of what they've already got!

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