Ways to Maximize your MBNA Points

Charlotte Sinclair
by Charlotte Sinclair August 7, 2016 / No Comments

The MBNA Rewards program allows you to earn points on all purchases and redeem them for flights, hotels, gift cards, and merchandise. You can even convert your rewards into cash back. Therefore, whether you’re looking for a travel rewards credit card or a cash back credit card, you’ll definitely want to consider an MBNA MasterCard.

MBNA Canada definitely has one of the best selections for redemption with strong flexibility. Another thing to note with the MBNA program is that your rewards have a constant value of $0.01. This means that it does not matter how you use your points but you will always be receiving the same value. The main way to maximize the value that you get for your points is choosing the right card.

Choose the MBNA Rewards World Elite Credit Card

MBNA Rewards World Elite

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  • Earn two points per dollar spent on all eligible purchases
  • 10,000 bonus points with your first eligible purchase
  • $89 annual fee waived for the first year
  • No point limit per year and the points never expire

Since the MBNA Rewards program offers a consistent point value, it doesn’t matter how you spend your points. Therefore, you want to choose a card that gives you the most points per dollar you spend. In this case, you should consider the MBNA Rewards World Elite credit card. You’ll earn two points per dollar spent. You’ll also receive a 10,000 welcome rewards bonus after your first eligible purchase. This will make a huge difference in the value of your points, as you’ll spend less to earn each point.

If we compare the MBNA Rewards MasterCard to the MBNA Rewards World Elite MasterCard, they both have a point redemption value of $0.01/point. With the MBNA Rewards MasterCard, you’ll need to spend one dollar to receive one point. This will give you a return rate of 1%.

If we compare this to the World Elite MasterCard, you’ll need to spend $0.50 to receive one point. This will give you a return of 2%. As you can see, the MBNA Rewards World Elite MasterCard will give you the most points for every dollar you spend. However, if you’re looking for a no fee credit card the MBNA Rewards MasterCard still offers a great return.

Since all points have consistent values, it doesn’t matter what you choose to redeem your points on and you’re not able to transfer your points to other programs.

Make the most out of your card

One final thing you can do to maximize the benefit you receive from your MBNA credit card is to use the card whenever possible. If you use your credit card responsibly and consistently pay off your balance in full, you’ll want to charge as many purchases to your card. By doing so, you’ll increase the points you earn.

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