The Value of an MBNA Reward Point
The dollar value of 1 MBNA Reward Point is
|Dollar value of 1 point||Flexibility of points||Can points cover taxes and fees?|
How Much are your MBNA Rewards points worth?
Points can be redeemed for hotels, flights, gift cards, and merchandise. The MBNA rewards program also offers the option of cash back by redeeming 5000 points for a $50 cheque. The MBNA travel program is just as simple as its cash back. Every 5,000 points is equivalent to $50. This gives each point a value of $0.01.
Ratehub.ca has calculated the value of an MBNA Reward:
10,000 points ÷ 10000 points =
Overall Flexibilty: Strong
|Taxes and fees covered?||Consistent value?||Transferable to/from other rewards programs?|
|Yes, you can pay for taxes, fees, and surcharges using points||Yes, each point is always worth $0.01.||No, you cannot convert points to other loyalty programs|
|More than one airline involved in program?||Can the points be used retroactively?||Expiration date on points?|
|Yes, you can book with multiple carriers.||Yes, MBNA offers the flexibility of paying for travel after it has been booked.
Points can be redeemed towards all travel expenses.
|No, there is no expiration date while you are an active member.|
The MBNA Rewards program is growing in popularity with credit card users. It provides all of the same benefits as the reward program giants like Aeroplan, but with much more booking flexibility. The absence of blackout dates and seasonality, limited seat availability, booking fees and point expiration make it straight forward and flexible.
Beyond redeeming for flights and hotel rooms, MBNA is known for its cash-back rewards, and a main feauture of this program is the ability to redeem points for straight cash-back (5000 points= $50).
The only drawback of the MBNA Reward program is that flights are limited to major Canadian airports. To fly out of a rural airport you must call in advance and redeem points at non-standard redemption rates
It’s nice to know that the value of each point you earn is always $0.01. For that reason, the MBNA Rewards program is one of the simplest rewards programs to understand, which is why its gowing ever popular among credit card users today.
MBNA Reward points can be used to cover taxes and fees.
Best Way to Use Your MBNA Reward Points
The fastest way to accumulate MBNA Rewards points is by using an MBNA credit card.