MBNA Smart Cash MasterCard® Credit Card

Up to 5% cash back on all of your eligible gas and grocery purchases for the first 6 months‡

Our Rating:

Card Details

How Smart Cash Works



  • Up to 5% cash back on all of your eligible gas and grocery purchases for the first 6 months‡

  • Up to 2% cash back on eligible gas and grocery purchases thereafter‡

  • And, up to 1% cash back on all of your other eligible purchases‡

  • 1.99% annual interest rate† (AIR) on balance transfers* and deposits* for the first 10 full months

  • Enjoy free online access to your credit card account

  • And, with no annual fee and free additional cards you'll start to see the benefits right away.


Rewarding yourself is easy


• Once your cash back totals at least $50 at the end of a monthly billing cycle, we'll automatically mail you a cheque‡ - it's that simple.


*21.99% after 10 months


RateSupermarket.ca's Review

Like earning rewards on all of your everyday purchases? Pay yourself back every time you visit the grocery store or fill up at the pump with 5% cash back - one of the highest earning rates in Canada. MBNA Smart Cash MasterCard® Credit Card earns cash back rewards at this special rate for the first six months on all gas and grocery purchases, and drops to a more standard two per cent after this initial promotional period. The card also earns 1% back on all other purchases. A favourite feature: MBNA will cut and mail cardholders a cheque once earnings hit $50.

Top Features About the MBNA Smart Cash MasterCard® Credit Card

  • 5% cashback on all gas and grocery purchases within the first 6 months - try timing this card's intro period with the holiday season to really amp up your earnings with increased seasonal spending.
  • Enjoy a 1.99% balance transfer rate for the first 10 months. Keep in mind, however, that activating the balance transfer feature will waive the initial grace period on new purchases; being charged interest right away will wipe out any cashback earnings.
  • Get a cheque once your earnings hit $50

Pros and Cons of the MBNA Smart Cash MBNA Smart Cash MasterCard® Credit Card

Pros Cons
  • No annual fee
  • Earn 5% cash back on gas and groceries for the first six months.
  • Receive a cheque for your earnings
  • 1.99% intro Balance Transfer Rate for the first 10 months.
  •  
  • $Gas and grocery earnings drop to 2% after the initial 6-month period.
  • Earning rate for other purchase types is only 1% on the dollar - lower than similar cashback card competitors.
  • Does not include any built-in insurance benefits or retailer discounts.
  • Rewards can only be cashed out at a minimum of $50.
  •   
 

How We Did It: Cash Back Earnings

Income Food Gas Travel Other Total
$72,240 $649.58* $197.42* $84.07*** $100**** $1,031.07

 

* http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil108a-eng.htm
** http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil131a-eng.htm
*** http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil131a-eng.htm
**** http://business.financialpost.com/2012/03/15/canadian-household-debt-declines-as-disposable-income-increases/

Rate and product information are subject to change at any time and does not constitute financial advice. Please contact supplier for complete details.