MBNA Smart Cash Platinum Plus Mastercard
Cash Back No Annual Fee

MBNA Smart Cash Platinum Plus Mastercard

MBNA Canada MBNA Canada
Welcome Bonus: 5% Cash Back on gas and groceries for the first 6 months
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 APR21.99%
Cash Advance APR22.99%
Balance Transfer APR22.99%
Annual Fee$0
Supplementary Card Fee$0
Grace Period21 days
Income Required No specific requirement listed.
Recommended Credit Score—

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Filed Under

Cash Back No Annual Fee
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