Canadian High Interest Savings Bank Accounts

Received my first $50 Cheque today – 2 weeks after receveing my 2nd statement which showed $64 Cashback.

djino
"Best card ever!!!"

guest said:

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Did you have to call MBNA to request the cheque? Or do they send it automatically once the cash back balance is over $50?

Nope, no need to call, its automatic. They send in $50 Cheque increments and rest moves forward.

djino

It should have the words written on the card "Smart Cash Card".

It is a platium plus card, but it should have those words on the card, if not, call MBNA.

djino

copperbeech said:

We currently have a GM VISA and a Mosaik Air Miles MC with BMO but it seem pretty clear that this "Smart Cash Card" would be a worthwhile addition to our family's financial tools. Before I call in to apply I would like to know how it works with multiple cards in the same family? That is for myself and my wife would MBNA issue the two Smart Cash cards with different #s or the same # and would the rewards accumulate together?

(Together we spend about $1200 per month on gas and groceries).

Thanks for your advice.

You can get 2 cards in two different ways:

1) You Apply for Smart Cash Card and upon activation of the card, you ask MBNA to add a co-user to the account and they mail an additional card. This 2nd card will have the exact same Credit card numbers as the first and the same rules will still apply. ie 3% (5% for 1st 6 months) up to a maximum of $600 (not per card, but for the entire account) on gas/groceries, 1% on everything else.

2) You Apply for Smart Cash Card. Your wife applys on her own for her Smart Cash Card. MBNA will send two different Smart Cash Cards as they are different accounts owned by two different people. This way you have $600 maximum per Card (well per Account). You could further ask for co-user cards on each account incase you reach the maximum of $600 gas/groceries on one account and wish to help the spouse get $600 on the other.

What might be a better idea is if you apply first. After the 1st 6 months are done, ask your Spouse to apply for hers, this way if you dont really spend $1200/month on gas/groceries, you could instead maximize $600 at 5% over 12 months.

djino
"Goodluck"

Thanks guys for the replies. Do we still think one can obtain this particular card directly even if one isnt currenty an MBNA card holder?

Called in today and was able to give the necessary info quite quickly. Hopefully the 2 weeks will be 2 weeks max.

Thanks for the info.

About the PyaPass logo on the crad. Is it automaticaly activated in the card or we have to call back and ask them to send another card with Paypass chip activated?

Does this Smart Card have an extended warranty feature as did my no fee Mosaic MC?

PunPryde said:

I'm a student (19 yrs old) who has a part-time job and i have no clue what my credit rating/score is since my parents have always took care of my finance stuff. Although I do believe I have a car purchase under my name (co-signed). Also I have a mastercard but it is hooked up to my mom's account… how do i go about getting the smart cash card? Should i just call them and simply ask them i'd like a new card and would like to apply for the smart cash card? or do I have to get another card (Platinum Plus) and then upgrade?

Thanks guys

This question was answered in this thread, but yes, you can do either as a new or existing MBNA Client. Though you have to call them, you cant apply online for this card. You can ask them to upgrade an existing account, or apply for for this in addition to the MBNA card you already have (I have 4 MBNA accounts myself as mentioned in this thread). You also have the option of telling MBNA to apply for new credit (in addition to the credit they've given you for your existing account) or decrease the credit from your existing account to use for the Smart Cash Card. Just know applying for new credit means Credit Hit and they could decline you in the end.

djino
"Goodluck"