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MBNA Smart Cash MasterCard® Credit Card

MBNA Smart Cash MasterCard® Credit Card

Up to 5% cash back on gas and groceries‡

Our Rating:
Annual Fee Interest Rate Balance Transfer Cash Advance Credit Score Good: -- I've had a credit card, or loan for 6+ years. I've had good credit for the last 7 years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). I haven't opened a new credit card account, loan, or line of credit in the last nine months. I've made the minimum payments on my existing credit cards for the past three months. Rewards Are all rewards created equal? -- From points, to miles, to cash back - how do you know how much you're really getting? To help you find the best rewards card, we've created the Your Reward Return, a rate that lets you know the rate of return from your spending into rewards so that you can compare like for like. Now that's wise thinking!
$0.00 19.99% 1.99% *21.99% after 10 months 24.99% Good 5.00% *Up to for the first 6 mos, up to 2% afterwards.
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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


  • 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.