MBNA Canada Smart Cash Credit Card Review
MBNA is a credit card company that has been around in Canada for a while and it has a good stronghold here for offering credit cards and reward credit cards. In fact, my first student credit card was from MBNA!
This company offers a few different credit cards to cover different situations; we’re going to look at the MBNA Smart Cash credit card review today and see if this is the rewards credit card for you.
Here’s a summary of the benefits you get when you apply for the MBNA Smart Cash Credit Card today:
About the Smart Cash Benefits Program
The MBNA smart cash is a cash back credit card which gives you the most cash back on the things which you are most likely to purchase. This system is different from other cash back cards in that you get it in $50.00 increments rather than waiting for a year for your rewards, so if you’re a high spender, you’ll make lots of money back again.
Here’s how you can earn your cash back:
It’s actually pretty easy to net a few hundred dollars in cash back using this card if you juggle the cash back rewards properly and use your card like you would use your checking account-and of course ensure that you pay off your card!
Another nice perk is that you can get free additional cards for others to use and speed up your cash back rewards. Otherwise, this is a basic cash back credit card that is perfect for day to day shopping.
What Are The MBNA Smart Cash Fees?
The MBNA Smart Cash credit card has no annual fee and even has an introductory rate of 1.99% on balance transfers, access cheques and deposits for ten months which makes this a good card to use to pay off a high interest debt as long as you are smart about it .
Otherwise, the MBNA Smart Cash MasterCard has a fairly standard APR for Canadian credit cards and is a little cheaper when it comes to penalty fees for the things like over the credit and returned payment (though you still want to avoid these of course).
What Are Requirements to Qualify for the Smart Cash Card?
In order to be eligible for this card, you must be a Canadian citizen with a credit file and of the age of majority where you live. You must have a clean credit history and a total household income of at least $35,000. Once you have all that squared away, you can apply for this card and get one yourself if you like!
The MBNA Smart Cash credit card is a solid cash back credit card out there for moderate spenders. It gives decent rewards and is accepted everywhere.
The extra perk of getting your cash in $50.00 increments is a nice way to reward yourself regularly instead of once a year. If you’re looking for an easy to use and straightforward rewards card, it’s hard to go wrong with this one.
You can apply for the MBNA Smart Cash Credit Card using our secure application link above and we hope you enjoy the benefits this credit card has for you right now!