Cash Back
No Annual Fee
MBNA Smart Cash Platinum Plus Mastercard
MBNA Canada
Welcome Bonus:
5% Cash Back on gas and groceries for the first 6 months
Secure RateBuddy connection · Application completed on MBNA Canada’s site
Annual Fee
$0
Purchase APR
21.99%
Cash Advance
22.99%
Bonus Value
$150
RateBuddy Verdict
The Good
- Offers a solid 2% cash back return on everyday essentials like gas and groceries without charging an annual fee.
- The welcome offer boosts your gas and grocery earning rate to an impressive 5% for the first six months.
- Includes essential shopping protections like Purchase Assurance and Extended Warranty.
The Trade-offs
- The 2% accelerated cash back rate is severely limited by a combined $500 monthly spending cap across both categories.
- Once the monthly cap is hit, or for all other purchases, the earn rate drops to a low 0.5%.
Rewards & Earnings
Groceries
2%
Dining
0.50%
Gas
2%
Travel
0.50%
Recurring Bills
0.50%
Base Rate
0.50%
Rewards Summary:
2% Cash Back on eligible gas and grocery purchases ($500 monthly spend cap); 0.5% Cash Back on all other eligible purchases.
Welcome Bonus Details
Earn 5% Cash Back on gas and groceries for the first 6 months (until the total gas and grocery purchases in the applicable month reaches $500).
Estimated Value: $150
Features & Benefits
No Annual Fee
No annual fee
Extended Warranty Insurance
Doubles manufacturer warranty up to 1 year
Purchase Security Insurance
Purchase Assurance for 90 days (Up to $60k lifetime)
Higher Earning on Business Categories
2% Cash Back on gas and groceries ($500/mo cap)
Insurance Coverage
Purchase Assurance (90 days, $60k lifetime limit), Extended Warranty (double up to 1 year), and Mastercard Zero Liability.
Rates, Fees & Eligibility
| Purchase APR | 21.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Balance Transfer APR | 22.99% |
| Annual Fee | $0 |
| Supplementary Card Fee | $0 |
| Grace Period | 21 days |
| Income Required | No specific requirement listed. |
| Recommended Credit Score | — |
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Filed Under
Cash Back
No Annual Fee
Secure RateBuddy connection