Big Changes to the MBNA Rewards World Elite Mastercard – now earns 5 points per dollar in select categories + 10% annual bonus points + MORE Jun 25th

The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
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June 25 Update: WestJet adding 10+ new routes within Canada, Amex Shop Small returns soon & Air Canada's amazing new safety videoHere’s your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. This update is brought to you by the HSBC World Elite Mastercard which is currently offering a welcome bonus of up to 70,000 bonus points and no annual fee in the first year!  WestJet announced the return of many of their flights within Canada today – so much so that it’s too much to list here. On top of so many domestic flights restarting they have also announced a slew of new routes within Canada seeing that most Canadians will still only be traveling domestically this summer. Here are the new routes that will be starting up:Edmonton – Kamloops, Nanaimo and PentictonCalgary-Charlottetown (this route was originally planned for 2020)Toronto – ComoxOttawa – VictoriaRegina – KelownaSaskatoon – Kelowna and VictoriaVictoria – WinnipegAbbotsford – Prince George—  American Express’ Shop Small promotion will be returning for the summer! Each time you spend $10 at a Shop Small merchant you’ll receive a $5 statement credit…

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Big Changes to the MBNA Rewards World Elite Mastercard - now earns 5 points per dollar in select categories + 10% annual bonus points File this one into the category of “nobody saw this one coming”- well until we were notified about two weeks ago and then when the details were leaked onto Red Flag Deals a few days ago. The next bank to be making some major changes this week is TD’s subsidiary MBNA. Today they are officially announcing changes to their premium proprietary rewards card product the MBNA Rewards World Elite® Mastercard®. There are also some slight changes happening to this card’s entry level partner the MBNA Rewards Platinum Plus® Mastercard® which I’ll touch upon towards the end of the article.Welcome Bonus The amount of welcome bonus points stays the same with the revamped cards. For the MBNA Rewards World Elite Mastercard that is up to 30,000 points which is worth $300 towards travel or about $245 in cash back rewards.New Earn ratesUp until today this card had a nice simple earn rate of 2 points per eligible dollar spent. That meant a 2% return towards travel or about a 1.67% return for cash back (statement credits)…

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