The Value of an MBNA Reward Point



The dollar value of 1 MBNA Reward Point is
$0.01

Dollar value of 1 point Flexibility of points Can points cover taxes and fees?
$0.01 Strong Yes

Ratehub.ca Recommends:

MBNA Rewards World Elite MasterCard

  • 10,000 bonus points with first purchase
  • Earn two points per dollar

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:

$100.00 value of
10,000 points
÷ 10000 points =
$0.01 per point

Overall Flexibilty: Strong

Taxes and fees covered? Consistent value? Transferable to/from other rewards programs?
Yes Yes No
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 Yes No
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 the MBNA Rewards World Elite credit card. The MBNA Rewards World Elite card gives you 2 points per $1 spent (a 2% return) along with 10,000 bonus points on your first eligible purchase (a $100 value). This makes a significant difference over time compared to other MBNA credit cards and is the most effective way to collect points.


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