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MBNA Smart Cash Platinum Plus® Mastercard®

MBNA Smart Cash Platinum Plus® Mastercard®

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

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Network Provider
Mastercard
Provider
MBNA
Types
Rewards
No Fee
Annual fee
$0
Purchase interest rate
19.99%
Cash advance rate
24.99%
Balance transfer rate
22.99%
Credit Needed
Good (650-749)

Card description

  • 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
  • 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.

About This Card

The MBNA Smart Cash Platinum Plus® Mastercard® is a no-fee credit card that offers cash-back rewards and a tempting introductory offer.

New cardholders will earn 5% cash back on gas and grocery purchases for the first six months of their membership. That’s one of the highest earn rates you can get — lenders usually don’t exceed that percentage level in Canada.

As for how the earn rate breaks down, it’s pretty straightforward: spend $100 on the card, receive $5 back.

There is a $500 spending cap in place, though. Translated, it means that once you spend $500 on your new card you'll stop receiving 5% cash back. Your earn rate drops to 0.5% until the next billing period starts. Not as much, for sure, but not shabby either. 

Here's how rewards work after the introductory period has passed.

On gas and grocery purchases:

  • You earn 2% cash back on gas and grocery purchases, but only up until you spend $500 on the card. Once you cap out, your earn rate goes down to 0.5% cash back.
  • This is a monthly spend cap. When you start your new billing period, you'll be back at earning 2% cash back until you reach the $500 cap.
  • It works a lot like revolving credit, though, the spend cap shouldn't be confused with your monthly credit limit.

On everything else:

  • All other purchases — meaning, not gas and grocery — earn 0.5% all month long. 

Beyond the opportunities to earn extra cash, MBNA offers cardholders a comprehensive suite of insurance benefits, which are underwritten by Allianz Global Risks US Insurance Company.

The MBNA Smart Cash Platinum Plus® Mastercard® charges 19.99% APR on purchases, 22.99% for balance transfers and access cheques, and 24.99% on cash advances.

Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the Apply Now button.

Why get the MBNA Smart Cash Platinum Plus® Mastercard®?

Get cash back - The Smart Cash Platinum Plus® offers one of the best cash-back opportunities in the Canadian credit card market. You’ll earn 5% on gas and grocery purchases for the first six months, capping out at $500 in cash back a month.

Top-tier insurance coverage - Having a platinum-tier MBNA credit card (second from the top in MBNA's hierarchy) entitles you to a number of travel and purchase insurance coverages. Included with your card membership is coverage for: rental vehicles; assistance with lost luggage, travel documents, and tickets; legal advice, should you need it while out of the country; identity theft, and much more.  

24-hour customer service - As an MBNA cardholder, you can request a credit increase and have it applied to your account within one hour. All it takes is a phone call to customer service. In the event of an emergency, MBNA provides a number of options. Agents can supply an emergency cash transfer of up to $5,000, or you can make a wire transfer via Western Union.

Get versatility - The Smart Cash Platinum Plus® is part of the Mastercard network, one of the most widely accepted credit cards in the world. So, take a deep breath — you won’t need to worry about merchants rejecting your card while you’re abroad.

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‡ These are highlights of the credit card rewards program (the "Program") associated with this credit card account. MBNA Dollars will be awarded on eligible transactions charged to your account. There is a monthly spend cap of $500 on the earn rate for eligible gas and grocery purchases. Once the monthly spend cap has been reached, eligible gas and groceries purchases will only earn the Base Earn Rate. Complete terms and conditions describing Program eligibility, accrual, earn limits, and redemption of MBNA Dollars, and other important conditions, limitations and restrictions will be sent after your account is opened. Please read the terms and conditions carefully upon receipt.

†† To qualify for this offer, an applicant must be approved for the specific credit card account described in the offer. For the first six (6) months after the account is opened (the "Bonus Period"), eligible gas and grocery purchases will earn 5% in MBNA Dollars until the total gas and grocery purchases in the applicable month reaches $500 (the "Gas and Groceries Monthly Spend Cap"). Once the Gas and Groceries Monthly Spend Cap has been reached, eligible gas and groceries purchases will only earn the Base Earn Rate. Please allow 8–10 weeks from the transaction date for bonus MBNA Dollars to be posted to your MBNA Dollars account. Limit one-time bonus MBNA Dollars offer per new account. This promotion is offered by MBNA and may be amended or cancelled at any time without notice.

✪ Balance transfers will be fulfilled in the order listed and are treated as balance transfers in accordance with your Account Agreement. The total value of balance transfers cannot exceed your authorized credit limit. If the value is greater, MBNA may send a partial payment to the named creditor/designated account. THERE WILL BE A TRANSACTION FEE EQUAL TO 1.00% OF THE DOLLAR AMOUNT OF EACH BALANCE TRANSFER INITIATED WITH THIS APPLICATION. A MINIMUM FEE OF $7.50 WILL APPLY TO EACH BALANCE TRANSFER TRANSACTION. A balance transfer may not be used to pay off or down your account balance or any other balances with us (including our affiliates, which would include any member of the TD Bank Group).

The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank.

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