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Email this6:19 pm
July 21, 2009
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Not sure if this has been mentioned but there is an ongoing 'glitch' with MBNA cards. My wife noticed recently looking at a few of her receipt slips that the last 4 digits shown (the others X'd out) were *not* the last 4 digits of her MBNA card. We called and it appears MBNA is aware of this issue. Of course at the least it might be problematic if one tries to *return* the item associated with this misprinted slip
8:37 pm
You guys are so awesome. I applied 4/29 and forgot all about it until today. Called MBNA to check status of my app and it was approve and should have it in a few days (I had to fax some proof of identity).
I would have never known about this card without this site. Thanks so much!:wink:
10:47 am
December 12, 2008
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Great stuff Happy Guest,
I am sure you will enjoy this card!
djino
"Welcome to Smart Cash!"
6:08 am
Their website also says:
"Receive a cheque from us automatically once your cash back totals at least $50 per month"
I am not sure what does this $50 per month means!? Does this mean if on a particular month the cash back equals $49.99 or less, then it is lost? I find hard to believe 5% cash back (or 3% after 6 months).
12:16 pm
December 12, 2008
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No, it simply means if your points total gets to the 5000 points when statement is generated, they will mail out your $50 Cheque. Should you not reach that total when statement is generated, then your points balance moves forward.
Last month I accumulated 6645 points. They deducted 5000 points and sent me my $50 Cheque and 1645 carried forward.
djino
6:35 am
Travel credit cards are one way to get the best out of your credit cards. Aside from buying the goods and merchandise that you need everyday, you are able to enjoy the benefits of travelling to your desired destinations for free.
However, we also must consider the type of payer you are. This card basically works best for people who has a good credit and those who don't carry a balance. With this kind of setup, for every transaction that you make, you earn a point that will be redeemable for travel once it reaches a certain level.
11:52 am
December 12, 2008
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Hello Richelle,
What Travel cards do you speak of? And is the return of such card greater than the 5%/3%/1% cash back obtain from MBNA's Smart Cash? Is there an annual fee?
These are types of questions you should also note with Travel cards. Subtracting the annual fee along with calculating your rate of rewards may not bring you as far as you would by simply receiving Cash Back as you would with MBNA Smart Cash.
djino
3:36 pm
We applied for the MBNA smart card and were told over the phone that we had the card, then a letter comes in the mail saying no we did not have the card as we already had sufficient credit with them. We already have and MBNA card. Did not know there was a card or credit limit with them. Our credit is extremely good, so we just wrote them off, actually cancelled the other card with them as we use others with a much lower interest rate.
4:00 pm
December 12, 2008
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Hi Sally,
What you could have done was convert your existing MBNA Card to the Smart Cash Card as many of us in this thread have done. If MBNA say gave you a $10,000 limit credit card and you have good credit, it doesn't mean they are going to extend more credit to you just because you maintain good credit.
Again, what you could have done was convert your existing card or reduce the limit on the current card to use towards the Smart Cash Card.
Also, you say you have other credit cards that have a much lower interest rate. If you were planning to carry a balance with The Smart Cash card, then it simply would be a mistake for you. It should NOT matter what interest rate this credit card gives (20%, 30%, 99%), as long as you pay off your entire balance by the statement due date, then you won't be charged interest. The interest charged on carry a balance would negate any potential cash back points you'd earn with Smart Cash.
djino
"I hope this info helps you make a better choice"
1:32 am
December 12, 2009
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Has anyone had any luck applying for the MBNA Smart Cash Card through their website or by phone when your annual household income is below $35,000?
I really don't understand why they can't juse approve you for a small limit, especially if your credit rating is excellent. My own credit score is between 290-310 (perfect) and my beacon score (more widely used) is north of 800 which is excellent as well. My problem is my gross annual income (employment and from investments) is about $32,000 per year.
My credit bureau is flawless with more than five years of payment history to go on, each month rated as R1 (paid as agreed) and my last "hard" hit was in January 2008 -- almost three years ago. I am an A+ customer. They should be screaming for me.
Any luck anyone?
Cheers,
Doug
P.S. The MBNA Smart Cash Platinum Plus Credit Card has replaced the MBNA Platinum Plus Credit Card on their website.
6:42 pm
Doug said:
Has anyone had any luck applying for the MBNA Smart Cash Card through their website or by phone when your annual household income is below $35,000?
I really don't understand why they can't just approve you for a small limit, especially if your credit rating is excellent. My own credit score is between 290-310 (perfect) and my beacon score (more widely used) is north of 800 which is excellent as well. My problem is my gross annual income (employment and from investments) is about $32,000 per year.
My credit bureau is flawless with more than five years of payment history to go on, each month rated as R1 (paid as agreed) and my last "hard" hit was in January 2008 -- almost three years ago. I am an A+ customer. They should be screaming for me.
Any luck anyone?
Cheers,
DougP.S. The MBNA Smart Cash Platinum Plus Credit Card has replaced the MBNA Platinum Plus Credit Card on their website.
I have. The income threshold is irrelevant. It is common for Platinum cards to ask for a $35,000+ income since those cards usually have a minimum limit of $5,000. This one doesn't, so you'll get a limit according to your income; in your case, I estimate around $3,000.
9:35 pm
December 12, 2009
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Oh, okay. I'm pleased to hear you've been successful in applying for the Smart Cash Platinum Plus credit card with a gross income under $35,000. I don't even want a $3,000 credit limit - $1,000 is plenty as that is all my Scotiabank Scene VISA is.
Did they do any income verification on you or basically just pull your credit bureau and mine it for all of the relevant data? Do you recommend I enter $35,000 on the application or my actual income of $32,000?
Cheers,
Doug
4:41 am
Doug said:
Oh, okay. I'm pleased to hear you've been successful in applying for the Smart Cash Platinum Plus credit card with a gross income under $35,000. I don't even want a $3,000 credit limit - $1,000 is plenty as that is all my Scotiabank Scene VISA is.
Did they do any income verification on you or basically just pull your credit bureau and mine it for all of the relevant data? Do you recommend I enter $35,000 on the application or my actual income of $32,000?
Cheers,
Doug
I don't even know how companies can do income verifications. Aside from calling your work place to confirm that you do indeed work there, your employer really has no authority to disclose how much money you make. I doubt they even bother to call.
$32K is very close to $35K, so there's no harm in rounding a little bit. For what it's worth, I entered an income below yours.
8:53 pm
December 12, 2009
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Ah, okay. Thanks for the information, Simon.
I'll try and give MBNA a call next week and get clarification from them too.
Cheers,
Doug
5:22 pm
December 12, 2008
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Simon said:
Doug said:
Oh, okay. I'm pleased to hear you've been successful in applying for the Smart Cash Platinum Plus credit card with a gross income under $35,000. I don't even want a $3,000 credit limit - $1,000 is plenty as that is all my Scotiabank Scene VISA is.
Did they do any income verification on you or basically just pull your credit bureau and mine it for all of the relevant data? Do you recommend I enter $35,000 on the application or my actual income of $32,000?
Cheers,
Doug
I don't even know how companies can do income verifications. Aside from calling your work place to confirm that you do indeed work there, your employer really has no authority to disclose how much money you make. I doubt they even bother to call.
$32K is very close to $35K, so there's no harm in rounding a little bit. For what it's worth, I entered an income below yours.
Not sure if this is something MBNA has done or will do, but could they not ask people to fax/mail in pay stubs for income verification? Or is there a law against that sort of thing?
djino
12:37 am
December 12, 2009
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Ordinarily, when someone is applying for a personal loan or mortgage, the bank requires copies of the party's (or parties', as the case may be) most recent Notice of Assessment or the last six to twelve months worth of pay stubs. I haven't heard of this sort of verification of income for a credit card. Generally, so long as your credit bureau is free of any negative remarks, has a good credit score and the income is entered accurately, it will approve you for a limit based on your income. Only when your credit score is non-existent (i.e., students or non-residents) or poor would they require additional documentation in order to consider an override.
That brings up an interesting point. They say the income threshold doesn't apply to students. Okay, so they'd take a student with little to no income over a full-time professionally employed individual who works for a competing financial institution? Hrm, okay, that's a new one. 😛
Cheers,
Doug
10:35 pm
Hello, great forum! I was just wondering if anyone here would know whether the 3% grocery / gas cash back will apply to grocery stores outside of Canada? i.e. what if you travel to France and use your Smart Cash card, will you get the same rebate? Or does this only apply to Canadian grocers / gas bars?
Thanks,
Mike
11:40 pm
December 12, 2008
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Hi Mike,
It applies World Wide to any merchant who applies for a credit card terminal under the merchant codes posted on Page 1 of this thread.
I used my MBNA Smart Cash Card at an Exxon Gas station in Pennsylvania and received 3% Cashback on the Canadian converted amount.
djino
12:46 am
Hi Mike, It applies World Wide to any merchant who applies for a credit card terminal under the merchant codes posted on Page 1 of this thread. I used my MBNA Smart Cash Card at an Exxon Gas station in Pennsylvania and received 3% Cashback on the Canadian converted amount. djino
Hi djino, that's great to hear
Thanks for your response
What a great promotion of 5% for the first 6 months!
Mike
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