MBNA Smart Cash World Mastercard review
- Welcome Offer
- 5% cash back
- Rewards
- Up to 2% cash back
- Annual Fee
- $39
- Purchase Interest Rate
- 19.99%
- Cash Advance Rate
- 24.99%
Summary
Get a generous welcome offer and a decent return on cashback when you sign up for this low-fee card.
If you want to earn a decent return on cash back when you spend money on your card, then you might like to check out the MBNA Smart Cash World Mastercard.
The MBNA Smart Cash World Mastercard offers a decent return on cash back when you make purchases with your card. You can Earn 2% cash back for every dollar you spend on gas and groceries, along with 1% on everything else (conditions apply). This card also offers basic insurance and a welcome bonus.
30-second take
- Think about this card if you want to earn cash back for a low annual fee.
- Choose something else if you want low interest or comprehensive benefits.
- You’ll need to have an individual income of $50,000 or a household income of $80,000 to apply for this credit card.
The basics
If you want to earn a decent return on cash back when you spend money on your card, then you might like to check out the MBNA Smart Cash World Mastercard.
- Low annual fee. Pay only $39 per year to keep your account in good standing.
- Cashback return. Earn 2% on gas and groceries ($500 monthly spend cap), and earn 1% cash back on all other eligible purchases.
- Welcome offer. Earn 5% Cash Back on gas and groceries for the first 6 months (up to $150 in Cash Back)
- Purchase assurance. Protect the items you buy with 90 days
purchase assurance and extended warranty coverage for up to 1 additional year - Free additional cards. Order up to 9 additional cards at no extra fee.
The perks
- Car rental insurance. Get coverage on your rental vehicle in case of damage or collision.
- Price protection. Get a partial refund if you purchase an item and then find the same item advertised at a lower price (up to $500 within 60 days of purchase)
- Zero Liability insurance. Avoid paying for fraudulent activity on your account with Zero Liability insurance.
- Enhanced security. Rest easy when you make purchases with security features like PIN-protected cards, contactless payment and online fraud prevention mechanisms.
- Reliable customer support. Access free customer support at any time of day or night if you have questions or concerns about your account.
- Trip assistance. Contact the on-call customer support team to get assistance with travel-related issues.
What to watch out for
- High interest. You’ll pay as much as 19.99% interest on purchases and 24.99% on cash advances.
- Earning caps. You'll only be able to earn higher rates on gas and groceries for amounts up to $500 per month (after which your earn rate will be 1%).
- Few benefits. You won’t earn comprehensive benefits like travel insurance, mobile phone coverage or roadside assistance with this card.
- High minimum income. You’ll need to make at least $50,000 per year to qualify (or $80,000 in household income).
MBNA Smart Cash World Mastercard interest rates
| Interest Type | Interest Rate |
|---|---|
| Purchase interest rate | 19.99% |
| Cash advance rate | 24.99% |
| Standard balance transfer rate | 22.99% |
What should I know before I apply
How to apply
- Head to the MBNA website to begin your application.
- Complete the application, which includes providing your name, email address, social insurance number and birth date.
- Review and submit your application.
Bottom line
The MBNA Smart Cash World Mastercard lets you earn a decent cashback return for making daily purchases on your card. It comes with a welcome offer and basic insurance for a low annual fee. The downside is that your earnings will be capped on your card and you won’t get comprehensive benefits or a low interest rate on purchases.
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