Rewards programs

MBNA Rewards

Program run by MBNA, a division of The Toronto-Dominion Bank. Here is what one MBNA Rewards point is worth, how to redeem it and the cards that earn the most of it.

  • Values taken from official pages or from an announced specialist benchmark
  • Cards ranked by net value, annual fees deducted
  • Official pages reread regularly

Official program site All programs

Value of one point

Where the value comes from
Fixed redemption published by the program
Source
MBNA
Verification
Verified on October 8, 2026 Source up to date

“The redemption value for travel is 100 points per $1”

Restrictions

  • Cash rewards depend on the card: 120 points per dollar on the World Elite (minimum 6,000), 200 on the Platinum Plus (minimum 10,000).

Programs do not issue the same number of points per dollar: to compare two programs, look at the return per dollar spent, not the value of a point.

Excerpts are quoted in the language of their source.

Cards that earn these points

Annual spending levels

Each level is a basket of annual spending split across everyday categories. The returns and the ranking are recomputed for that basket.

  • Moderate — $24,000 / year
  • Standard — $36,000 / year
  • High — $60,000 / year

In a personalized analysis, your actual spending replaces this reference basket.

Ranked by annual net value on the standard reference basket ($36,000 of spending a year), annual fees fully deducted.

Rank Card Network Annual fee Annual net value Earning Limitations
1 MBNA Rewards Platinum Plus Mastercard Mastercard $0 $396
  • Digital media: 2 points / $ (2¢ per dollar) (capped at $10,000)
  • Groceries: 2 points / $ (2¢ per dollar) (capped at $10,000)
  • Household utilities: 2 points / $ (2¢ per dollar) (capped at $10,000)
  • Memberships: 2 points / $ (2¢ per dollar) (capped at $10,000)
  • Restaurants: 2 points / $ (2¢ per dollar) (capped at $10,000)
  • Everyday purchases: 1 point / $ (1¢ per dollar)
 Foreign exchange fee assumed
2 MBNA Rewards World Elite Mastercard Mastercard $120 $384
  • Digital media: 5 points / $ (5¢ per dollar) (capped at $50,000)
  • Groceries: 5 points / $ (5¢ per dollar) (capped at $50,000)
  • Household utilities: 5 points / $ (5¢ per dollar) (capped at $50,000)
  • Memberships: 5 points / $ (5¢ per dollar) (capped at $50,000)
  • Restaurants: 5 points / $ (5¢ per dollar) (capped at $50,000)
  • Everyday purchases: 1 point / $ (1¢ per dollar)
 Foreign exchange fee assumed

Return computed with the value used for the ranking: 1.0¢ per point.

How to use your points

The redemption options the program publishes, with the value of a point when it is fixed.

  • Travel booking

    Travel (MBNA Rewards catalogue)

    1.0¢ per point

    “The redemption value for travel is 100 points per $1”

    Official source

  • Statement credit

    Cash reward — World Elite

    0.833¢ per point

    “Cash Reward 200 Points 120 Points are are worth worth $1.00 • online at www.mbna.ca; $1.00 in cash i cash • through the MBNA mobile app; rewards. rewards. • on the Account's statement; You must have You must have a minimum of a minimum of • by phone using the contact information listed in section 6 How to Contact Us; and/or 10,000 Points 6,000 Points • any other manner that we may allow from to redeem for a to redeem for a cash reward. cash reward.”

    • MBNA Rewards World Elite Mastercard.
    Official source

  • Statement credit

    Cash reward — Platinum Plus

    0.5¢ per point

    “Cash Reward 200 Points 120 Points are are worth worth $1.00 • online at www.mbna.ca; $1.00 in cash i cash • through the MBNA mobile app; rewards. rewards. • on the Account's statement; You must have You must have a minimum of a minimum of • by phone using the contact information listed in section 6 How to Contact Us; and/or 10,000 Points 6,000 Points • any other manner that we may allow from to redeem for a to redeem for a cash reward. cash reward.”

    • MBNA Rewards Platinum Plus Mastercard.
    Official source

Transfer partners

This program publishes no transfer partner.

Expiry and minimum redemption

Point expiry
“Your MBNA Rewards Points never expire as long as your account is open and in good standing.” Official source
Minimum redemption
“Cash Reward 200 Points 120 Points are are worth worth $1.00 • online at www.mbna.ca; $1.00 in cash i cash • through the MBNA mobile app; rewards. rewards. • on the Account's statement; You must have You must have a minimum of a minimum of • by phone using the contact information listed in section 6 How to Contact Us; and/or 10,000 Points 6,000 Points • any other manner that we may allow from to redeem for a to redeem for a cash reward. cash reward.” Official source

Welcome offers in MBNA Rewards points

Current offers on the cards of this program. Their value is not part of the ranking above.

View all offers

How to read this ranking

The ranking compares the cards of one program on a single scenario, so the gaps come from the cards and not from the assumptions.

  • Reference basket, standard level: $36,000 of spending a year, spread over everyday categories.
  • High-spend profile; reference province: Quebec.
  • Annual fees fully deducted from the value.
  • Welcome offers excluded: only the recurring value counts.

Your spending is different? See the best cards by use or the strategies by profile.

Limitations of this page

  • Cards are ranked on the standard reference basket of a high-spend profile; your actual spending may change the order.
  • Recurring annual fees are fully deducted from each card’s value.
  • Transfer partners and rates are those read on the official pages; a program may change them without notice.
  • The value of welcome offers is not part of the card ranking.