Cash Back
Premium / High-End
MBNA Smart Cash World Mastercard
MBNA Canada
Current Welcome Offer
5% Cash Back on gas and groceries for the first 6 months
Annual Fee
$39
Purchase APR
21.99%
Cash Adv. APR
22.99%
Welcome Bonus
~$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 2.00%
Dining & Takeout 1.00%
Gas & Transit 2.00%
Travel 1.00%
Base Rate 1.00%
Rewards Summary: 2% Cash Back on eligible gas and grocery purchases ($500 monthly spend cap); 1% Cash Back on all other eligible purchases.
- Gas: 2% Cash Back ($500 monthly cap combined with groceries)
- Groceries: 2% Cash Back ($500 monthly cap combined with gas)
- All Other Purchases: 1% Cash Back
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: $150.00
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)
Additional Perks
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Insurance Coverage
Rental Vehicle Collision Damage Waiver
Included for eligible auto rental damage.
Price Protection
Refunds difference if lower price found within 60 days (Up to $500/item, $1,000/year).
Purchase Assurance
Covers most items for the first 90 days from the date of purchase (Lifetime accumulative limit of $60,000).
Extended Warranty Benefit
Doubles the written warranties for up to one additional year on most new purchases.
Mastercard Zero Liability
Protection against unauthorized purchases in store, over the telephone or online.
Rates & Fees Details
| Purchase APR | 21.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Balance Transfer APR | 22.99% |
| Annual Fee | $39 |
| Supplementary Card | $0.00 |
| Income Required |
Personal: $50,000 Household: $80,000 |