MBNA's Smart Cash Card - BEST CASHBACK CREDIT CARD EVER!!! | Page 12 | Credit card reward programs | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
MBNA's Smart Cash Card - BEST CASHBACK CREDIT CARD EVER!!!
March 18, 2011
6:00 am
djino
Ottawa (Gatineau, Qc Area)
Member
Members
Forum Posts: 310
Member Since:
December 12, 2008
sp_UserOfflineSmall Offline
221sp_Permalink sp_Print

jonathanpaul said:

I have already talked to a customer representative and i would require a good credit rating. I was advice to improve my credit rating through getting a secured credit card. Can you give me any advice which secured credit cards is best to apply for?


Capital One Secured Mastercard -> http://capitalone.ca/credit-ca.....T_PRSCDOVW

Make sure you pay off your statement balance in full each month.

Note: Not available for Quebec Residents.

djino

March 28, 2011
3:41 pm
utdol
Guest
Guests
222sp_Permalink sp_Print

I was in the process of applying online for the Smart Cash card but then read the terms and conditions and cancelled the application for now since I became concerned with the privacy terms

In the privacy section of the terms and conditions it states :

"MBNA Canada Bank collects, discloses, uses and processes Personal Information to:

(g) promote and market products and services offered by selected companies (also known as secondary marketing), such as, but not limited to long distance or cellular telephone service, credit insurance, and card registry services including by means of direct marketing through ordinary mail, e-mail, telephone and/or other available communication channels (for example, wireless device, land line telephone, fax machine or a data terminal) at the coordinates you have provided us."

later on it states :

You consent to our collection, disclosure, use and processing of Personal Information about you for the purposes described above. You consent to receive telemarketing communications from us, our affiliates and any of our respective agents and service providers at the numbers provided on and in connection with your application and all other numbers that may be provided by you to us from time to time, notwithstanding the registration of any such numbers on the National Do Not Call List.

I was wondering if anyone with the Smart Cash card had any problems with telemarketing from MBNA or affiliates ? Is this standard terms and conditions for a credit card ?

March 29, 2011
9:11 am
djino
Ottawa (Gatineau, Qc Area)
Member
Members
Forum Posts: 310
Member Since:
December 12, 2008
sp_UserOfflineSmall Offline
223sp_Permalink sp_Print

You can asked to be placed on their Do Not Call List.

djino

April 12, 2011
8:15 pm
smartcashfan
Guest
Guests
224sp_Permalink sp_Print

i've had nothing but good experience with mbna and this card. i applied for it online, i got a phone call (which i missed) so i called back said i was approved and sent me the card. all within 2 weeks or so. pretty pleased. and as for the income line... they ask for total household income.. i dont make a lot of money... but with the entire household being higher they didnt have any complaints.

June 2, 2011
1:23 am
Austin Hsu
Guest
Guests
225sp_Permalink sp_Print

Would I get points if use on Airlines ticket from Air Canada?

June 2, 2011
3:47 am
djino
Ottawa (Gatineau, Qc Area)
Member
Members
Forum Posts: 310
Member Since:
December 12, 2008
sp_UserOfflineSmall Offline
226sp_Permalink sp_Print

Austin Hsu said:

Would I get points if use on Airlines ticket from Air Canada?


Yes. You would get 1% back.

djino

June 13, 2011
8:07 am
Patrick
Guest
Guests
227sp_Permalink sp_Print

NIGHTMARE!!

Story: May 11th, I call to order the card. I'm pretty sure I got the India calling center (even in french). We had a hard time understanding each other, line was bad and the rep's french accent was quite bad...

2 weeks later I call to check the status of the application. They tell me that my "SHOPPERS CARD" application is still pending... uh... WHAT? Wait a minute! I wanted the SmartCash, not the crappy "Shoppers" card!!

We have to redo the application. Fortunately someone will be able to do it and approve it on the spot... Good..

Card is approved for 9000.. Thats good enough. Will be mailed tomorrow should receive within 3-5 days.

1 Week Later.. No card... I call back and then the third person I talk to tells me that something was holding the application because of the Shoppers card cancellation. But its ok now. They will ship it rush thru FedEx. Should be there in 2-3 days.

1 Week later STILL NO DAMN CARD...
I call back, once again the third rep tells me that the security department need a copy of my latest back statement. WTF? Why nobody asked for it before, why not call me?

So now I am debating if I still want the card. It has been so complicated so far to get it, I cant imagine what it will be if I am in trouble, make a insurance claim or file a dispute for unauthorized operations.

What would you do? Send the damn bank statement or just cancel the whole thing?

Thanks

June 13, 2011
9:07 am
djino
Ottawa (Gatineau, Qc Area)
Member
Members
Forum Posts: 310
Member Since:
December 12, 2008
sp_UserOfflineSmall Offline
228sp_Permalink sp_Print

@Patrick:

First, I would probably call back to get a 2nd, 3rd rep to see if they say the samething. If they do.. then yes I would *sigh* *Grumble* but eventually give them what they request so that the damn card could get to me ASAP.

djino
"The choice is yours!"

June 22, 2011
8:58 am
Patrick
Guest
Guests
229sp_Permalink sp_Print

My case got escalated to a higher department. I got some overrides, excuses and finally i got that damn card today.

Will try to get as much checks as i can now..

Thank once again Djino for sharing this with us.

June 22, 2011
9:00 am
djino
Ottawa (Gatineau, Qc Area)
Member
Members
Forum Posts: 310
Member Since:
December 12, 2008
sp_UserOfflineSmall Offline
230sp_Permalink sp_Print

Patrick said:

My case got escalated to a higher department. I got some overrides, excuses and finally i got that damn card today.

Will try to get as much checks as i can now..

Thank once again Djino for sharing this with us.


Congrats! Glad you finally got it.

djino
"Enjoy!"

July 26, 2011
3:15 pm
Patrick
Guest
Guests

Once you get the card, the service is actually pretty good. No more Indian calling center! So far I am pretty pleased!

I have one question and I am not sure if the rep gave me the right answer over the phone.

About the 5% cash back promotion:
We get 5% for the first 6 months. When do the months actually starts?
The Rep told me they are calendar months. (1st to 31st)
On my account in the reward section, the countdown of my awaiting (en suspend) accumulated points got reset on the 18th

Thanks for your reply. I want to make sure i use the 600$ monthly limit to the max especially for the first 6 months for the promotion!

October 18, 2011
5:48 pm
Ken
Guest
Guests
232sp_Permalink sp_Print

Hi,

I'm from BC and i'm going to turn 19 (Legal age) in a few weeks so I want to be able to get a credit card asap to build my credit score. I've done a lot of research and found this to be the best credit card to get on the market. Would I be able to get it right away or do I need to build my credit score up first?

October 20, 2011
6:49 pm
Bob
Guest
Guests
233sp_Permalink sp_Print

Ken: I believe MBNA's Smart Cash card requires cardholders to have a certain income threshold. You should check if you meet this before applying.

October 24, 2011
4:27 pm
ghr67
Guest
Guests
234sp_Permalink sp_Print

Peter said:

It really depends on your spending level and there is no simple calculation because of a few variables.

However, here's a starting point. Assuming that 1) there are no recurring payments on your credit card; and 2) you would be maxing out the $600 in grocery and gas payments each month:

MNBA: 7200 * .03 + (x - 7200) * .01 = Scotiabank: x * 0.02 - 39

216 + .01x - 72 = .02x - 39

183 = .01x

x = 18,300

This means that if you spend over $18,300 annually in groceries and gas, then Scotiabank is better. Anything less than that in such purchases means that MBNA is better. This threshold is lower if you have recurring payments.

This is not entirely true. I spend $1200 per month on food and gas. $400 per month on recurring bills and about $1000 on everything else.

MBNA: $600x.03 = $18.00 $2000 x .01 = $20 for the remainder = $38.00/month

Scotiabank $1600 x .02 = $32.00 for food, gas and recurring
$1000 x .01 = $10.00 for everything else = $42.00/month

October 25, 2011
12:06 am
Peter
Admin
Forum Posts: 1220
Member Since:
May 15, 2007
sp_UserOfflineSmall Offline
235sp_Permalink sp_Print

Thanks ghr67. With your scenario, looks like you end up better with Scotiabank, although by a smaller amount because of the annual fee.

October 26, 2011
5:29 pm
Ken
Guest
Guests
236sp_Permalink sp_Print

Bob said:

Ken: I believe MBNA's Smart Cash card requires cardholders to have a certain income threshold. You should check if you meet this before applying.

Hey thanks for the response,

I checked the income threshold for the total household income and I definitely meet it. Is there anything else I need to be warry off? I'm new to credit cards so i'm not very informed

February 15, 2012
10:32 am
Patr
Guest
Guests
237sp_Permalink sp_Print

Mike said:

Hi djino,
do you know if Costco Gas qualifies for under Gas... didn't see it on the list there?
thanks,
Mike

Costco only uses Amex.

March 29, 2012
6:54 am
monju00
Member
Members
Forum Posts: 21
Member Since:
March 26, 2012
sp_UserOfflineSmall Offline
238sp_Permalink sp_Print

I have just received this offer from MBNA Smart Cash Card:

Earn up to 3% cash back on every net retail dollar spent on new eligible recurring payments from March 23rd, 2012 through May 31st, 2012.

Register new automatic bill payments with your MBNA SmartCash MasterCard credit card to automatically pay vendors such as cable, utilities, cell phone and gym memberships and earn up to 3% cash back for every net retail dollar spent on these eligible transactions until the actual offer end date.

April 1, 2012
7:22 am
monju00
Member
Members
Forum Posts: 21
Member Since:
March 26, 2012
sp_UserOfflineSmall Offline
239sp_Permalink sp_Print

MBNA is planning increase their rate, so try to avoid using Smart Cash card for cash advance, balance transfers:

The terms of the account agreement and disclosure statement which govern the use of your credit card account issued
by MBNA, a division of The Toronto-Dominion Bank (“your Account Agreement”) will change, effective as of the first day
of your billing cycle in May 2012. Please read this document carefully and keep it with your Account Agreement.
The section of your disclosure statement titled Annual Interest Rates will be amended as follows:

(i) the Standard Rate for new and existing Purchase balances
will be an ANNUAL INTEREST RATE of 19.99%;
(ii) the Standard Rate for new and existing Balance Transfer balances
will be an ANNUAL INTEREST RATE of 21.99%;
(iii) the Standard Rate for new and existing Access Cheque and Deposit
balances will be an ANNUAL INTEREST RATE of 21.99%;
(iv) the Standard Rate for new and existing Cash Advance balances
will be an ANNUAL INTEREST RATE of 24.99%.
Except as amended above, the terms of your Account Agreement remain in full force and effect.
IMPORTANT CHANGES TO YOUR ACCOUNT AGREEMENT AND DISCLOSURE STATEMENT

May 3, 2012
11:14 pm
Asus
Guest
Guests
240sp_Permalink sp_Print

Hi guys; I have a PC Master card that I don't use any more, and I just heard about Smart MBNA Master card with 5% cash back for the first 6 mts, etc. Can anyone tell me if I can switch my PC Master card for MBNA Smart Cash MAster Card? They're both 'MAster Card', but from other companies. Thanks;

Please write your comments in the forum.