Monday Sep 22, 2014

MBNA SmartCash Platinum Plus Overview

30 November 2011

I love looking into various credit cards, and it recently came to my attention that I have yet to give an overview of probably one of the most popular (in my opinion) cash back credit card on the market. For those of you who are unsure of what credit card I am talking about, it is none other than the MBNA SmartCash Platinum Plus MasterCard.

The MBNA SmartCash Platinum PlusMasterCard offers a great promotional cash back rate, on top of their regular cash back rate all for a low cost of $0.

Below you will find a brief overview of the MBNA SmartCash Platinum Plus MasterCard:

Untitled MBNA SmartCash Platinum Plus Overview

MBNA SmartCash Platinum Plus MasterCard
Rewards- 5% cash back on all your gas and grocery purchases up to $400 for the first 6 months
- 2% cash back on gas and grocery purchases therafter up to $400
- 1% cash back on all other qualifying net retail purchases, up to $1,250
Annual Fee$0
BenefitsPlatinum Benefits
Interest Rate19.99% (1.99% balance transfer rate for first 10 months)

As you can see, the MBNA SmartCash Platinum Plus MasterCard offers cardholder 5% cash back on all gas and grocery purchases (up to $400) for the first 6 months. Once the bonus period has expired, you will be earning a cash back rate of 2% on your gas and grocery purchases (up to $400). For any other qualifying net retail purchases, you will earn a 1% cash back rate (up to $1,250).

The cash back rewards you can earn with the MBNA SmartCash Platinum Plus MasterCard is evident, and the fact that there is no annual fee cutting into your finances, you are not losing on the credit card once you manage it accordingly. By that, I mean control your spending, and ensure that you are not buying things you cannot pay off immediately.

What benefits do I get with the MBNA SmartCash Platinum Plus MasterCard?

The benefits you receive with the MBNA SmartCash Platinum Plus MasterCard are in fact Platinum Card benefits, which offer virtually anything you would need; this include travel benefits as well and purchase benefits.

Travel Benefits

Lost Document and Ticket ReplacementYes
Lost Luggage AssistanceYes
Pre-trip Information Yes
Legal AssistanceYes
Common Carrier Travel Accident Insurance$1,000,000
Unexpected Return Home Coverage in the event of the death of an immediate relative while you are on a trip
($2,000)
Auto Rental Collision Damage WaiverYes
Accidental Death & DismembermenCoverage while occupying eligible rental vehicle ($200,000)
Personal Effects Benefit Coverage against loss, theft or damage to personal effects for the duration of an auto rental period ($1,000)

Purchase Benefits

24-hour Customer ServiceYes
1-hour Credit Line Increase Decisions During regular business hours
Cash Advance Bank, ABM, Access Cheques
Emergency Card Replacement
7-10 days or by courier
Emergency Cash Western Union
Emergency Cash Transfer Up to $5,000
Purchase Assurance Covers most items purchased with your MBNA credit card for the first 90 days from the date of purchase ($4,500)
Extended Warranty Benefits Doubles the written warranties for up to one additional year on most new purchases made with your MBNA credit card

The MBNA SmartCash Platinum Plus MasterCard in my opinion is an ideal choice for anyone looking to earn cash back rewards, without having to pay a high annual fee. When you really look at the cash back rate, you are able to get a high rate, compared to some cards which have an annual fee.

It is definitely something worth considering. Another great feature about this credit card is the fact that whenever your cash back total reaches at least $50 at the end of a billing period, you will receive a cheque in the mail automatically.

Apply Now MBNA SmartCash Platinum Plus Overview

What do you think of the MBNA SmartCash Platinum Plus MasterCard?

About the Author

Sensei

My favorite weapon of choice is the samurai sword. I use it to cut my chicken during dinner, cut my hair and periodically carve my name into stone when I am bored. I love meditating on top of a 15ft high pole and eating those sushi’s with smoked salmon on top. I love everything there is about Canada and everything financially related to Canadians. I write deily posts from Canadian Banks to Credit Card information.

Comments (4 )



SavingMentor Wrote:

It’s a killer card and one of the cards I recommend most highly on my own site. I’ve had it in my wallet pretty much since the day it came out and I don’t see it leaving anytime soon.

Right now I only use it for gas and groceries though and both my wife and I have one so we can get 3% cash back on $1200 in gas and groceries instead of just $600.

[Reply]

Sensei Reply:

This is definitely a great card, and I am glad to hear you are among the many who have been using it for years. You can’t go wrong with having such a great cash back rate and no annual fee.

[Reply]

I have spent the last two months in migrating ALL my spending from a Presidents Choice Mastercard to this new MBNA SmartCash Platinum Plus that was recommended to me via http://www.mint.com/canada
The other day I got a letter from Presidents Choice Mastercard telling me I qualified for their new Platinum card that is on it’s way to me as we speak. New benefits had no impact on my spending habits and they totally missed out on thousands of dollars of spending from two professionals (my wife uses the MBNA card too). Again – keep things simple and give people what they want. Repeat.

I am a web strategy consultant at a major Canadian bank and your blog is used as a benchmark for most banking news in Canada internally. I stopped reading other sources since last summer!

Keep up the great work!

Martin
360 decision

[Reply]

Adeem Zafar Wrote:

I love this card! I just received my first cheque from them! I definitely recommend this card to everyone!

[Reply]

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