The MBNA Rewards World Elite MasterCard Saves Cardholders Money

The MBNA Rewards World Elite MasterCard is a premier credit card that gives its cardholders exclusive offers and money saving opportunities. Competitive rates, low fees, and benefits are just some of what sets the card apart from others within its class.

The MBNA Rewards World Elite MasterCard is a premier credit card that rewards cardholders for using the card. When compared to others like it, it has competitive rates, the fees are low, and there are a number of unique features. For instance, cardholders have the opportunity to enroll in World Elite Benefits if they meet the requirements.

Cardholders are also able to transfer balances. If a cardholder has a high interest credit card, they can transfer the balance from that high interest card to the low interest card. This will save you money on interest and help you financially overall.

While this is a credit card, it is one that is designed to ensure the cardholder gets the most out of it. It saves money in a variety of ways. Plus, points are earned for every dollar spent on eligible purchases. The point rewards are generous and the redemption options are quite good. What constitutes eligible purchases is outlined after the account is active. The list of eligible purchases is always subject to change. Nonetheless, you will be able to save money on travel and other things that are important to you. Because there is no limit to the number of points you can earn and points don't expire, you can save them up for as long as you need to before you use them.

Online Account Management

Managing your account online is easy. All you have to do is sign up for online account management and you can see everything about your account whenever you want. If you need to view your balance, your available credit, transactions, and other details about your account, all you have to do is log in. You can also make your payment online before your due date at any time that is convenient for you.

You can also use your online account management to monitor activity within your account. For instance, you may notice a fraudulent charge in your account. You can use this information to report the fraudulent charge to MBNA so that action can be taken as soon as possible. Because the card is a MaseterCard, you can take advantage of the Zero Liability policy. This means that you are not liable for fraudulent charges on your account. However, you have to report the card lost or stolen as soon as possible and it must be shown that you have taken care of your card number. In other words, the credit card company wants to ensure that you didn't hand over your card number or use it in a way that opened it up to scammers.

World Elite Benefits

To qualify for World Elite Benefits, you do have to meet the income requirements. If you do, you are able to enjoy Price Protection, Concierge Service to help you keep things going through your busy schedule, and World Offers. World Offers are special offers for cardholders that help them save even more money with the card. Plus, some of the offers are very exclusive in that they are typically afforded to very few individuals.

Card Cost

The card cost starts with the annual fee. It is a low fee and it is waived the first year. The fee then starts the second year. The interest rate is standard in that it is rather comparable to cards in the same class. However, a late payment can result in a default rate being charged. This default rate is in place until the account is paid on-time for 12 consecutive months.

If you wish to avoid paying interest on your purchases, you can do so by paying the balance in full within the 21-day grace period. However, the interest for balance transfers, cash advances, and access cheques and deposits will be charged anyway, as will the fees that are associated with those transactions.

The fees that are associated with those transactions, as well as wire transfers, are a percentage of the transaction amount. If the percentage does not meet a minimum dollar amount, then the dollar amount will be charged because it's greater. When traveling abroad, you can use the card anywhere MasterCard is accepted. The foreign transaction fee is a small percentage of each transaction.

Account fees include an over the credit limit fee, a returned payment fee, and a returned access cheque fee. These fees are charged per occurrence. If you need an extra copy of the account statement or a sales draft, there is a small charge for that. However, you can print out copies of your statements from your online account so that you do not have to pay the fee.

Fraud Prevention

MBNA also takes safety measures to ensure that cards are not fraudulently used. If there is anything that indicates fraudulent usage on the account, then MBNA will freeze the account until the cardholder specifies otherwise. For instance, the card being used on one side of Canada and then being used on the opposite side within an hour indicates that the card is being fraudulently used.

As stated before, the Zero Liability policy also helps cardholders ensure they do not have to be liable for fraud that they tried hard to prevent. The moment a card is lost or stolen, it is important to report it as soon as possible. This is another way online account management can come in useful because you can view your account activity and quickly identify fraudulent usage so you can report it.

Conclusion

When in need of a credit card that makes you feel valued, the MBNA Rewards World Elite MasterCard may be exactly what you need for all of your purchases and for saving on travel and other important areas. This is a card that is designed to reward rather than make cardholders pay a lot of money for a good card.