• Earn 5% cash back on gas and grocery purchases for the first 6 months (up to $400 spent monthly).
  • Earn 2% cash back on gas and grocery purchases after the first 6 months (up to $400 spent monthly).
  • Earn 1% cash back on all other purchases (up to $1,250 spent monthly).
  • Redeem your cash anytime by direct deposit, cheque, or statement credit.
  • 1.99% promotional balance transfer interest rate for the first 10 months.
  • Amazing travel and purchase insurance for a no annual fee card.
  • No annual fee.
Extended Warranty 1 year
Purchase Protection 90 days
Travel Accident $1,000,000
Trip Interruption $2,000
Rental Car Theft & Damage
Rental Car Accident $200,000
Rental Car Personal Effects $1,000

Our Review

The MBNA Smart Cash card is one that has gone through a few changes in the last few years. Often when a card changes for the worse, it is easy to get a bad taste in your mouth and want to write it off. However, this card still has a lot of good things going for it.

For starters, the Smart Cash card lets you earn 5% cash back on gas and groceries for the first 6 months (up to $400 spent monthly). If you take advantage of this deal properly, you could be earning up to $120 in your first 6 months. And yes, this is a no fee card.

After the first 6 months, your gas and grocery rate goes down to 2% and all other purchases come in at 1% cash back earned. Respectable for a free card.

One major downfall: The spending caps can get a little frustrating. Because if you spend more than $1,250 a month, this card will cut off your rewards. And you could start missing out on cash that you would potentially get with another cash back card.

That being said, if you only plan on spending $1,250 a month or less, this card is actually the best no fee cash back card you can get.

This card is for you if:

  • You want flexibility: you redeem your rewards anytime and how you want (see the list above in Key Benefits).
  • An insurance package that includes 7 different types.
  • A promotional balance transfer rate of 1.99% for 10 months to save on interest.

The bottom line: If you always spend less than $1,250 a month, you have a minimum income of $35K, and you do not want to pay an annual fee, this card is strong.

If not, you'll do much better with the SimplyCash Card from American Express or the MBNA Rewards Mastercard.


A few other cards that might interest you.

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