Canadian High Interest Savings Bank Accounts

Not sure if this has been mentioned but there is an ongoing 'glitch' with MBNA cards. My wife noticed recently looking at a few of her receipt slips that the last 4 digits shown (the others X'd out) were *not* the last 4 digits of her MBNA card. We called and it appears MBNA is aware of this issue. Of course at the least it might be problematic if one tries to *return* the item associated with this misprinted slip

Great stuff Happy Guest,

I am sure you will enjoy this card!

djino
"Welcome to Smart Cash!"

No, it simply means if your points total gets to the 5000 points when statement is generated, they will mail out your $50 Cheque. Should you not reach that total when statement is generated, then your points balance moves forward.

Last month I accumulated 6645 points. They deducted 5000 points and sent me my $50 Cheque and 1645 carried forward.

djino

Hello Richelle,

What Travel cards do you speak of? And is the return of such card greater than the 5%/3%/1% cash back obtain from MBNA's Smart Cash? Is there an annual fee?

These are types of questions you should also note with Travel cards. Subtracting the annual fee along with calculating your rate of rewards may not bring you as far as you would by simply receiving Cash Back as you would with MBNA Smart Cash.

djino

Hi Sally,

What you could have done was convert your existing MBNA Card to the Smart Cash Card as many of us in this thread have done. If MBNA say gave you a $10,000 limit credit card and you have good credit, it doesn't mean they are going to extend more credit to you just because you maintain good credit.

Again, what you could have done was convert your existing card or reduce the limit on the current card to use towards the Smart Cash Card.

Also, you say you have other credit cards that have a much lower interest rate. If you were planning to carry a balance with The Smart Cash card, then it simply would be a mistake for you. It should NOT matter what interest rate this credit card gives (20%, 30%, 99%), as long as you pay off your entire balance by the statement due date, then you won't be charged interest. The interest charged on carry a balance would negate any potential cash back points you'd earn with Smart Cash.

djino
"I hope this info helps you make a better choice"

Simon said:

Doug said:

Oh, okay. I'm pleased to hear you've been successful in applying for the Smart Cash Platinum Plus credit card with a gross income under $35,000. I don't even want a $3,000 credit limit – $1,000 is plenty as that is all my Scotiabank Scene VISA is.

Did they do any income verification on you or basically just pull your credit bureau and mine it for all of the relevant data? Do you recommend I enter $35,000 on the application or my actual income of $32,000?

Cheers,
Doug

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I don't even know how companies can do income verifications. Aside from calling your work place to confirm that you do indeed work there, your employer really has no authority to disclose how much money you make. I doubt they even bother to call.
$32K is very close to $35K, so there's no harm in rounding a little bit. For what it's worth, I entered an income below yours.

Not sure if this is something MBNA has done or will do, but could they not ask people to fax/mail in pay stubs for income verification? Or is there a law against that sort of thing?

djino