Part 1: MBNA Smart Cash Platinum Plus® Mastercard® Cash Back Value per Canadian Dollar
- All Purchases: 1 Cash Back Dollar = $ 1 CAD when redeemed as a statement credit or applied towards your balance.
Part 2: MBNA Smart Cash Platinum Plus® Mastercard® Cash Back Value per 100 Canadian Dollars
- All Purchases: 100 Cash Back Dollars = $ 100 CAD
Part 3: Summary for Best Value
To maximize the value from the MBNA Smart Cash Platinum Plus® Mastercard®:
- Redeem as Statement Credits: The cash back you earn is automatically applied to your account as a statement credit, giving you direct dollar-for-dollar value without any redemption fees or delays.
- Spend in Bonus Categories: Concentrate your spending in categories where the card offers higher cash back rates during the promotional period to maximize earnings.
- Utilize Introductory Offers: Take advantage of any introductory offers, like higher cash back rates for the first few months, to earn more cash back upfront.
- No Annual Fee: Since there's no annual fee, every cash back dollar you earn is pure savings, making this card particularly valuable for those who pay off their balance monthly.
Part 4: MBNA Smart Cash Platinum Plus® Mastercard® Cash Back Earned per $ 1000 Spending by Category
- Gas and Grocery Purchases: During the first 6 months, you earn 50 Cash Back Dollars per $ 1,000 spent (5% cash back up to $ 500 monthly spend cap). After the initial period, you earn 20 Cash Back Dollars per $ 1,000 spent (2% cash back up to $ 500 monthly spend cap).
- All Other Purchases: 5 Cash Back Dollars per $ 1,000 spent (0.5% cash back with no limit on how much you can earn).
NOTE : The value conversions may not be up to date. Please calculate your own conversion to Canadian dollars to ensure accuracy.