You know that adage that change isn’t always a bad thing?
Sadly, this is not the case for the Smart Cash Mastercard from MBNA.
For a while, the
This card has gone through a few changes in the past:
- Removal of the World Elite Version
- Earning rate on gas and groceries was reduced from 3% to 2%
- Earning cap on 2% cash back was reduced to $400
…and although none of those changes have really been for the better, the latest change that MBNA has put in place seems like it will be the change that people are not going to be able to look past.
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No longer free
Even with all the changes that this card has undergone, it remained a no fee card (and a pretty good one at that). So, through the years, it still remained a great card to have, especially if you were looking for a no fee card to pair with your Amex or other premium cash back or travel cards.
However, it seems the good time has now come to an end.
The worst part? You’re not getting anything extra for your $39 annually.
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All things considered…
Don’t get us wrong, this card still has a few great things going for it:
- You will still earn 2% on gas and groceries – which isn’t something to shake your fist at.
- The rewards are still flexible, and you can redeem them anytime you want.
- This card still comes with 7 different types of purchase and travel insurance.
- There is still a promotional balance transfer rate of 1.99% for the first 10 months.
You just need to consider if this card still holds up for you – or, if you’ll go with one of the best no fee cash back cards instead.
So, what do you think about these changes?