credit card image

MBNA Smart Cash Platinum Plus® Mastercard®

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

Apply Now Secure
Card details
Network provider
Mastercard
Provider
MBNA
Card types
Rewards
No Fee
Credit needed
Good
Fees and interest
Annual fee
$0
Purchase interest rate
19.99%
Cash advance rate
24.99%
Balance transfer rate
22.99%
Credit score required
Excellent (750-900) Good (650-749) Fair (575-649) Bad (300-574)

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.

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.