Deal Link: http://www.mbna.ca/credit-cards/overview/rewards/mbna-rewards/index.jsp
Expiry: N/A
With MBNA Rewards World Elite MasterCard, you can:
- Earn 2 MBNA Rewards point for every $1 in eligible purchases (= 2% cash back)
- Get 10,000 bonus points after your first eligible purchase (=$100 bonus)
- No limit to the points that can be earned in a year, points don’t expire
- Redeem points for cash back, travel, brand-name merchandise, gift cards from top retailers and charitable donations (I prefer cash back...)
- Enjoy price protection and concierge services
- $89 annual fee, waived for the first year (I like FYF)
Although you need to pay annual fee after the first year, this card is still good regarding the return:
- $1000 spending per month, the actual return is: (12000*0.02-89)/12000=1.26%
- $2000 spending per month, the actual return is 1.63%
- $3000 spending per month, the actual return is 1.75%
- $4000 spending per month, the actual return is 1.81%
- $5000 spending per month, the actual return is 1.85%