MBNA Smart Cash MC: It was great knowing you...

[angel_wing0]

Current card design (as of post last edited date):



Application link: https://www.applyonlinenow.com/CACCa...=COL7&lc=en_CA

Application process:

The application itself is for applying to the MBNA Smart Cash Platinum Plus AS WELL AS the MBNA Smart Cash World. After you have applied, MBNA will determine if you qualify for the Platinum Plus or World (or maybe deny your application). There is no way to directly apply for the World Version anymore.

How to speed up the application process + raise credit limit:

If you don't want to wait 2-3 weeks to see if you are approved or not (I sure don't want to! ), you can call MBNA @ 1-888-877-6262 2-3 business days after you applied. Ask for a credit analyst once your call gets through. The credit analyst will then be able to tell whether you are approved or denied right away. If you got approved and felt that your credit limit is too low, you can ask the same credit analyst for a credit limit increase. Note that it will be another hard hit to your credit score. Note: The actual card will take up to 2-3 weeks to get to you unless you somehow convinced MBNA to courier to you for whatever reasons.

Convert from other MBNA Cards:

If you want to convert your current MBNA card to the Smart Cash, you have to call MBNA and threaten to cancel your previous mbna card, the mbna rep will then forward you to retentions, and the retention rep will upgrade it to the Smart Cash after hearing "why you want to cancel" (not 100% guaranteed, though 90%+). If the retention rep won't do anything after hearing your "reasons", tell him directly that you want the Smart Cash and ask if he can convert for you. MBNA won't simply convert other cards to the Smart Cash anymore for some reason. However, there are instants where you can still convert through a normal MBNA rep, VERY VERY YMMV.

Note: You will still get the 5% promo (more info below) for 6 months if you are converting from another mbna card.

How this card works:

You get 2 points per dollar spent on gas and groceries (5 points during promotion period), 1 point per dollar after the $400 monthly cap limit (calendar month NOT statement cycle month), and 1 point per dollar for everything else. There will be a $1250 monthly spending limit on 1% cashback for Platinum Plus cardholders (Any purchase afterwards will not net you any cashback). Once you reach 5000 points, a $50 cheque will be sent to you. Cheque usually gets to you in 2-3 weeks after the statement where you reach 5k points.

Canadian grocery/gas merchants that gets 2% cashback: http://www.redflagdeals.com/forums/8587299-post411/
(Note: It is possible to get 2% from international gas/grocery vendors as long as they fall into the MC grocery/gas merchant codes)
(Note #2: It is also possible to NOT get 2% from local gas/grocery vendors if they DO NOT fall into the MC grocery/gas merchant codes)

6 months promotion:

You get a period of 6 months (or whatever # of months you have left) where you earn 5 points per dollar on $400 worth of monthly purchase gas and groceries (drops back to $1/point after that). The 6 months promotion starts on the date that your card is approved (NOT the date it was activated), and ends after your 6th statement.

World Version Upgrade:

It is possible to upgrade to the World Version right now for no annual fee if you have $60,000 income, $100,000 household income, or $15,000 annual spending. The upgrade will take up to 5 business day to go through (and 2-3 weeks for the new card to arrive) and all your points from your original SC will get transferred as well. Once upgraded, the card will give you another 6 months of 5% cashback for groceries/gas (starts the moment your card is upgraded, you can still use the current card until you activate the new card), price protection (up to $500) and concierge service. The World version will also remove the $1250 1% cashback monthly spending limit on the platinum version (Read above for more details).To check if you qualify for the upgrade, you can: (1) call mbna, (2) log into the website for Smart Cash cardholders (listed below) and click on "Special Offers". If you don't qualify, the page is blank, or (3) check through MBNA Online Access - Rewards tab. Since your card # will change after the upgrade, all pre-authorizations will have to be setup again.

Website for Smart Cash cardholders: https://www.mbna.ca/RWDapp/home?mc=SMCACN&locale=en_CA

Website for Smart Cash World cardholders: https://www.mbna.ca/RWDapp/home?mc=SMCAWCN&locale=en_CA

(Note: If you can't login, try again with the Français section, once logged in, switch back to English)

TD Takeover

A little more than a year after the TD takeover, this card has been decreased to 2 points per $1 for $400 monthly spending of gas and groceries for new applicants. There will also be a $1250 monthly spending limit on 1% cashback for Platinum Plus cardholders. Current cardholders will share the same fate starting December 1st.

Miscellaneous stuff:

MBNA Smart Cash Program - Terms & Conditions: Page 1, Page 2, Page 3 (Credit to vm_fan)

Platinum Plus coverage guide: Page 1, Page 2, Page 3, Page 4, Page 5 (Credit to vm_fan)

Finally...

It's very sad to see this card turning from one of THE BEST credit cards in Canada to what it will be soon (or what it already is for new applicants), just like the old saying: "all good things must come to an end"...RIP Smart Cash 22/10/12

I am officially Smart Cash free. RIP My Smart Cash 28/02/13 http://forums.redflagdeals.com/mbna-.../#post16428592

[angel_wing0]

Your title is misspelled.

(Will delete this post when you correct it.)

nah dont worry about it, it's correct now. Thanks for letting me know before getting flamed for it

[angel_wing0]

5% for gas/groceries 6 months
afterwards 3%.

1% cashback no cap on other purchases.

No annual fee

13.99%

10 months for 1.99% B/T

NICE...nice nice.

EDIT: I am converted now.

[Octavius]

5% for gas/groceries 6 months
afterwards 3%.

1% cashback no cap on other purchases.

No annual fee

13.99%

10 months for 1.99% B/T

NICE...nice nice.

EDIT: I am converted now.

Does this have the same features as the Enrich Platinum (or better)?

The 3% for groceries will make a difference.

[angel_wing0]

Does this have the same features as the Enrich Platinum (or better)?

The 3% for groceries will make a difference.

enrich platinum has price protection afaik and a $500 cashback cap...otherwaise they are really the same.

[P1x44r]

Wow, this one is a nice one it sounds like!

[angel_wing0]

Wow, this one is a nice one it sounds like!

much better than the scotia momentum in terms of cashback. And no annual fee too.

+ i hope the front and bad look much beter than the prp+...the red is just a nightmare.

[newbeetle]

During the first 6 mths, if I buy the gift cards in the gas station, for example, esso gift card, will that qualify for 5% cash back?

[najibs]

Looks like MBNA just pwned Scotiabank's Momentum Visa

[angel_wing0]

much better than the scotia momentum in terms of cashback. And no annual fee too.

Looks like MBNA just pwned Scotiabank's Momentum Visa

Same thoughts

I think this is actually targeted to compete with the momentum. Being platinum and NO annual fee helps.

[P1x44r]

I'm going to apply for this one I think. Hopefully MBNA gives me another card after I maxed out their first one (limited 0% BT rate).

[Yumeji]

DAMN! I just applied for the Citi Enrich Mastercard online yesterday. ><!

Is there any way to cancel the application?

[hugewallet]

13.99% APR? better than the regular 19.99% premier rewards.

[Vertigo]

13.99% APR? better than the regular 19.99% premier rewards.

If that's accurate, along with the added cashback for gas/groceries, this is hot. Calling in first thing tomorrow to verify and upgrade my Platinum Premier Plus.

[Jungle]

Wow this is a nice card..3% cash back on groceries and gas? DEAL!!