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:
|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
|Interest Rate||19.99% (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.
|Lost Document and Ticket Replacement||Yes|
|Lost Luggage Assistance||Yes|
|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
|Auto Rental Collision Damage Waiver||Yes|
|Accidental Death & Dismembermen||Coverage 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)|
|24-hour Customer Service||Yes|
|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.
What do you think of the MBNA SmartCash Platinum Plus MasterCard?