When in need of a credit card that makes managing credit easy, the MBNA Rewards World Elite MasterCard is straightforward. It provides cardholders with opportunities to save money through point redemption, offers, and the ability to avoid interest on purchases so just a little more money can be saved.
Everyone wants a credit card that makes them feel valued. They want to take advantage of money saving opportunities, they want points, and they want to be able to have more control over how much credit costs them. The MBNA Rewards World Elite MasterCard gives cardholders that control they are looking for.
The first way it gives control is you can transfer balances to the card. This is ideal if you have a high interest credit card that is costing you a lot of money and the MBNA Rewards World Elite has a lower interest rate.
Another way you are given flexibility is by having the ability to avoid interest on purchases if the balance is paid off in full within the 21-day grace period after the billing cycle closing date. The interest rate on balance transfers, cash advances, and access cheques and deposits will still apply since you will always be charged interest on those transactions.
The third way in which you have flexibility is through point redemption. You earn points by using the card and can earn more than one point per dollar spent on eligible purchases. These points are then used to save money on travel and other redemption options. Because there is no expiration on points and there is no limit to how many you can earn, you can save up your points for as long as you need to in order to save as much as possible when you redeem them.
Lastly, you can obtain protection if something happens that you are unable to pay your bill. Perhaps you lose your job, you become ill, or you become disabled and you are unable to work. If a qualified incident causes you to not be able to make your payment, then you are covered. This protects your credit and gives you the peace of mind that you need while going through a difficult time. This is optional coverage and you can add it at the time you apply for the account or you can add it at a later time.
To qualify for the card, you have to be a Canadian resident with an annual household income of $35,000 or greater. In order to obtain this card with its premium benefits, a person has to have excellent credit. An applicant has to be current with all of their creditors, must not have any liens or judgments against them professionally or personally, may not now or been in bankruptcy, or had any part of a debt written off by a creditor because it wasn't collectible.
A person can prequalify for the credit card based on the accuracy of the credit information received and MBNA reserves the right to withdraw the offer, even after it has been accepted because of credit data.
If you qualify, you can move forward with the application process. The process is very easy. Simply fill in your personal information, income information, your Social Insurance Number, contact information, and whether or not you currently hold any credit cards. You also have to enter information about your employment and income.
If you have other credit cards and at least one of those is a high interest card, you can have the balance from that card transferred to the MBNA card so you can save money on interest. There is an interest rate for balance transfers and a small fee that is a percentage of the transaction.
Fraud protection is very important because it involves ensuring that your card is not used in a fraudulent way that could cost you and the card company a lot of grief and money. MBNA monitors accounts by learning about a cardholder's usage habits and then freezing the account if fraudulent activity is suspected. An example of a fraud flag is when the card is used in one area and then it is used again within a short period of time in a location that is far away. This indicates that someone may have the card details and they are using them.
If you notice fraudulent activity, you can notify MBNA as soon as possible because MasterCard has a Zero Liability policy, which means that you are not liable for fraudulent charges. You do, however, have to show that you did not give anyone the account number for them to make the charges. You also have to ensure the fraud is reported as soon as possible.
Online account management is a very useful tool. It can be used to effectively manage your account, but it is also serves as a security tool that you can use to evaluate your transactions. If you notice a fraudulent transaction, then you can notify MBNA as soon as possible so security measures can be taken and so you can dispute the charges.
Other things that you can do through online account management is review your balance, your available credit, payment history, make a payment on the current bill, and stay on top of policies that apply to you. You can also view your statements. By being able to bring up your old statements, you can avoid having to pay the statement copy fee that you would have to pay if you asked for a printed copy to be directly sent from MBNA.
When you need a card that gives you the flexibility that you want or need, the MBNA Rewards World Elite MasterCard does that for you through easy point earnings, redemption opportunities, and the ability to save money your way. In addition, there is an average interest rate, the annual fee is waived the first year, and fees are low.