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MBNA Smart Cash MasterCard® Credit Card

Up to 5% cash back on gas and groceries‡

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Card Details

Make your shopping work for you. Get cash back on the most common purchases.



  • Get up to 5% cash back on eligible gas and grocery purchases for the first 6 months‡

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

  • Get up to 1% cash back for all other eligible purchases‡

  • 1.99% promotional annual interest rate† (AIR) on balance transfers✪ for the first 10 full months

  • If eligible, you will be considered for an upgrade to a Smart Cash World MasterCard® credit card††††

  • No annual fee


 


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.

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