Log In
Register
Home
Topic RSS
Facebook
Twitter
Email this8:25 am
December 20, 2019
Offline
MBNA World Elite
https://www.mbna.ca/en/credit-cards/rewards/mbna-rewards-world-elite-mastercard/
Used to be 2% cash back which was one of the highest rates but now it is different and I cannot quite figure out the percentage
120,000 points are worth $1000 in cash
Am trying to figure out if that beats this card which is a straight 1.5%
Meridian Visa Infinite Business Cash Back Plus Cardhttps://banking.meridiancu.ca/Products_SelectProduct#cards
8:35 am
December 20, 2019
Offline
So I did the math
MBNA
$60,000 spent gets you 120,000 points
That converts to $1000 cash
MeridianCU
$60,000 spent gets you 1.5%
That converts to $900 cash
Used to be 100,000 points converted to $1000 at MBNA but that was changed to 120,000 points now for the $1000.
So technically it is no longer 2% and it makes the Meridian Card almost competitive and I use Meridian for my business so I am on the fence for switching.
Please write your comments in the forum.