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MBNA Smart Cash Platinum Plus® Mastercard®

MBNA Smart Cash Platinum Plus® Mastercard®

Get 5% Cash Back††on eligible gas and grocery purchases for the first 6 months (until the total gas and grocery purchases in the applicable month reaches $500)

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, an estimate on the dollar value of your rewards based on your monthly spend so that you can compare like for like. Now that’s wise thinking!
$0.00 19.99% 22.99% 24.99% Good 5.00% *maximum
  • Card Details Details
  • Our Review Review

Card Details

Accelerate cash back on common purchases!

  • No annual fee

  • Get 5% Cash Back†† on eligible gas and grocery purchases for the first 6 months (until the total gas and grocery purchases in the applicable month reaches $500)

  • Get 2% Cash Back on eligible gas and grocery purchases thereafter (until the total gas and grocery purchases in the applicable month reaches $500)

  • Get 0.5% Cash Back for all other eligible purchases

  • Standard Annual Interest Rates of 19.99% on purchases, 22.99% on balance transfers and access cheques, and 24.99% on cash advances

  • A suite of comprehensive insurance**

Take advantage of a card that provides Cash Back on eligible purchases and has no annual fee. Apply now for the Smart Cash® credit card.

This offer is not available for residents of Quebec. For residents of Quebec, please click here.

RateSupermarket.ca's Review

At first glance, this no-fee card certainly catches the eye, though its cash-back earning rate can get a bit confusing. Right off the bat, you earn 5% cash-back†† on grocery and gas purchases for the first six months. But that rate drops down to 0.5% once you spend $500.

After six months of cardmembership, the cash-back rate becomes 2%, but drops down to 0.5% again after $500 in eligible spending.

Obviously, the drop to 0.5% significantly limits the earning potential, but if you consider the value of the Mastercard insurance products included (purchase protection, extended warranty and rental vehicle insurance), this card does pull some weight. The card is also flexible when it comes to eligible purchases and you can redeem your cash-back at any time.

Yes, if you are willing to pay an annual fee, you can find credit cards that make more cash-back, but the MBNA Smart Cash Platinum Plus® Mastercard® is a welcome addition to the no-fee category.

Earning Potential: $416.76 in cash-back

So, how does this card stack up to other cash-back options? We crunched the numbers using our Best of Finance methodology to see how much you could earn over a 24-month period.

Assuming $1,222.96 is spent on the card monthly, at eligible retailers in the following categories*:


Pharmacy Food Gas
$ 55.33 $ 758.53 $ 155.72**
Travel Other Monthly Total
$ 151.21 $ 102.17 $ 1,222.96

Cash-back earned over a 24-month period: $416.76.

*Source: Statistics Canada
**Based on $1.00/litre gas prices

This card comes with a modest return over two years, but it is better than most no-fee cards and you still have the complete freedom to spend the money however you so choose!


  • No annual fee.
  • Receive a promotional rate of 5% cash-back†† on eligible gas and grocery purchases (up to $500 in spending) for the first six months.
  • Receive 2% cash-back, on eligible gas and grocery purchases (up to $500 in spending) thereafter.
  • Purchase Assurance is provided with this card. It covers items purchased with your MBNA credit card for the first 90 days.
  • Extended Warranty Benefits doubles the written warranties for up to one additional year on most new purchases.
  • Cardholders receive complementary rental vehicle insurance.
  • As a Mastercard member, you have access to instant cash advances at more than one million ATMs around the world.
  • Price Protection means that if you make a purchase with your card and find the same product advertised in Canada at a lower price within 60 days, the difference will be refunded up to $500 (subject to a calendar year and maximum of $1,000 per account).


  • There is no denying a cash-back offer on a no fee card is exciting, but the earning potential of this card is extremely limited. In an average month, you can really only make $18 per month at the 2% cash-back rate (up to $500), before the rate reverts to a much less enticing 0.5%. This is still pretty good for a no fee card, but if you are looking for bigger rewards, you should consider a card with an annual fee and a higher earning potential.

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

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