Cash Back
Premium / High-End
MBNA Smart Cash World 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
$39
Purchase APR
21.99%
Cash Advance
22.99%
Bonus Value
$150
RateBuddy Verdict
The Good
- The base earn rate increases to 1% (double the Platinum Plus version) on all purchases outside of gas and groceries.
- Adds strong premium insurances like Rental Vehicle Collision Damage Waiver and Price Protection for a very low $39 annual fee.
- Allows you to add up to 9 authorized users without paying any extra annual fees.
The Trade-offs
- The accelerated 2% gas and grocery earning rate is capped at just $500 combined per month.
- Requires a minimum personal income of $50,000 or a household income of $80,000 to qualify.
Rewards & Earnings
Groceries
2%
Dining
1%
Gas
2%
Travel
1%
Recurring Bills
1%
Base Rate
1%
Rewards Summary:
2% Cash Back on eligible gas and grocery purchases ($500 monthly spend cap); 1% 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
Car Rental Collision/Loss Damage Waiver
Rental Vehicle Collision Damage Waiver included
Extended Warranty Insurance
Doubles manufacturer warranty up to 1 year
Purchase Security Insurance
Purchase Assurance for 90 days (Up to $60k lifetime)
Insurance Coverage
Rental Vehicle Collision Damage Waiver, Price Protection, Purchase Assurance (90 days, $60k lifetime), Extended Warranty, and Mastercard Zero Liability.
Rates, Fees & Eligibility
| Purchase APR | 21.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Balance Transfer APR | 22.99% |
| Annual Fee | $39 |
| Supplementary Card Fee | $0 |
| Grace Period | 21 days |
| Income Required |
Personal: $50,000 Household: $80,000 |
| Recommended Credit Score | — |
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Filed Under
Cash Back
Premium / High-End
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