MBNA Smart Cash Platinum Plus Mastercard Review 2023: Features & Alternatives

Hannah Collymore
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Reviewed by Randolph Vialva, MBA
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MBNA Smart Cash Platinum Plus® Mastercard®
Editor Rating:
4.3
Rating Methodology

About this rating

Our references are based on the analysis and synthesis philosophy, which are conducted by a team of experienced and well-qualified researchers.

  • Cost Value
  • Customer Service
  • Ease of Use
  • Included Features

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The Smart Cash Platinum Plus is a credit card offering from the Maryland Bank National Association targeted at giving you returns on common purchase. You get a signup bonus and still get paid for your total gas and grocery purchases

Pros

  • Cash back on gas and grocery purchase
  • Low-interest rate and zero annual fee
  • Added travel and legal assistance
  • Insurance coverage
  • Huge welcome bonus in the applicable month

Cons

  • Bonus categories are capped
  • MasterCard’s Contactless
  • MasterCard’s Zero
  • Extended Warranties
  • Welcome cash-back offer
  • Extensive Insurance

Maryland Bank National Association became a division of the Toronto Dominion (TD) Bank on December 1 2011. TD is known to be a leading financial services provider in Canada and the largest issuer of MasterCards thanks to the acquisition of MBNA.

mbna smart cash platinum plus review

MBNA is a division of the Toronto Dominion Bank and is a leading provider of credit cards in Canada. The Maryland Bank National Association, an issuer of MasterCard credit cards, was acquired by the Toronto Dominion Bank on December 1, 2011, making Toronto Dominion the largest MasterCard issuer in Canada.

Toronto Dominion Bank is the sixth largest bank in North America, with about 22 million customers in Wealth Management, Wholesale Banking, Canadian Personal and Commercial Banking, and U.S. Personal and Commercial Banking. In addition, Toronto Dominion Bank, TD, provides affinity credit card programs and other financial services.

MBNA has a range of card offerings; the cards are low-interest and offer cash back on eligible purchases. They also offer benefits from Amazon and other brand-specific rewards on eligible purchases. The cards are low-fee and branded to allow users to enjoy rewards from specific companies at decent rates. All these services are accompanied by the top-quality service that is expected of a division of the Toronto Dominion Bank TD.

MBNA Smart Cash Platinum Plus Mastercard Advantages

Getting a Platinum Plus credit card is a financially responsible decision; you get cash advances at nominal rates and cash back on eligible purchases with zero charges. This is not sponsored advertising so all the complete and current information on reviews may not appear on this site.

Top-Tier Insurance Coverage

The Platinum Plus Mastercard have excellent insurance coverage. For example, you can get up to $1 million for common carrier accidental death and dismemberment, $2,000 for trip interruption, $200,000 for rental car accidents, and many more benefits.

No Annual Fee

A card is an excellent option for people looking for credit cards with zero or low fees. For example, the Smart Cash card has no annual fee. In addition, you can add up to nine users while maintaining a zero annual fee.

24-Hour Customer Service

MBNA offers 24 hours customer service via phone call. You can report lost or stolen credit cards and add and authorize users to your card account. The customer care service is smooth, providing solutions to your problems quickly.

MBNA Smart Cash Platinum Plus Mastercard Packages

The Smart Cash Platinum Plus Mastercard has several features that make it desirable over other credit cards. You get a welcome offer and cash back, decent interest rates and low charges, access to everyday services, and more.

Great Welcome Offer and cash back

By spending $2000 a month, you can get $210 in statement credits. You can also get 2% cash back on eligible gas and grocery purchases and 0.5% on eligible credit card purchases. You earn 5% cash back on gas and grocery purchases up to the monthly cap of $500 in the applicable month. This means you get cash back on up to $500 worth of purchases for the first six months.

Every Day Service

Emergency Services

MBNA has provisions to replace your credit cards in case of emergencies. You can expect delivery between 7 to 10 days.

More Coverage and Support

MBNA offers customers cash advances at banks and international A.T.M.s, so you are never stranded.

Trip Assistance and Legal Assistance

As an MBNA credit card holder, you have access to travel and legal assistance as needed. It offers support for ticket replacement and missing luggage and documents. It should be noted that this isn’t insurance but assistance offered to customers.

Other Benefits

The smart cash credit card has an earn rate of 2% on other purchases in the applicable stores, which is a major advantage over Visa cards and other trademarks. You can also get a 0.88% average earning rate on the credit card.

MBNA credit cards offer excellent insurance coverage for their users. Extended warranty of a year and purchase protection for 90 days, which means you are protected for a decent period. Up to $1 million coverage in case of travel accidents and $2000 for trip interruption.

If you are driving a rental, you are also covered up to $200,000. This will help you save money while protecting your properties too.

Interest Rates and Fees

MBNA offers standard annual interest rates of: 22.99% on balance transfers, 24.99% on cash advances, and 19.99% on common purchases. No annual fees apply to the card, as opposed to the $39 on the Smart Cash World MasterCard.

MBNA Smart Cash Platinum Plus Mastercard Quick Overview

MBNA Smart Cash Platinum Plus® Mastercard®
4.3 stars

Best Overall Value

  • No annual fee
  • Low standard annual interest rates
  • Decent cash back and earn rate

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MBNA Smart Cash Platinum Plus Mastercard Customer Reviews

All reviews that may appear on this site are not financial advice. You should visit the official MBNA site for complete information.

My search for a credit card that offers low charges ended when I came across the MBNA Smart Cash Platinum, which has zero annual fees. I initially got the card because it did not attract any additional annual fee. However, the cash back and earn rate has helped me save a lot on gas and grocery purchases. Another card I was considering was the Rewards Platinum Plus, but it’s not available for residents of Quebec.

Matt

All I want to say is get an MBNA credit card, please. The card offers one of the best cash backs, but I couldn’t accelerate cash back, unlike the World MasterCard. I got 2% on total gas and grocery purchases. They have three payment plan terms, which has helped me make large purchases. However, I needed to make eligible expenses of at least $100.

Peter

As a traveller, I’ve gotten a lot of help using their services. There was a trip I went on and lost my tickets. I was panicking, but I vaguely remember reading about them offering travel assistance to customers. I quickly reached out to their customer service division; they were very helpful in helping me get back home safely. Asides from this, I get 0.5 cash back on eligible gas and groceries purchases.

Amelia

By making monthly payments, I’ve been able to make large purchases which have helped my small business grow. I also got a nice bonus when I hit the monthly spend cap by making other purchases like gas. In addition, their interest rates are decent: 19.99% on purchases, 24.99% on cash advances and 22.99% on balance transfers and access cheques.

Lucy

MBNA Smart Cash Platinum Plus Mastercard Service Review

mbna smart cash platinum plus review

Review of MBNA Smart Cash Platinum Plus Mastercard

Overall Pricing and Value
86%
86%
Cost Value
85%
85%
Customer Support
80%
80%
Ease of Use
90%
90%
Included Features
90%
90%

MBNA is a division of the Canadian multinational Toronto Dominion bank. They offer MasterCard credit card services. In addition, they are leaders in providing credit card rewards programs and offer other financial services.

Is This Brand Right For You?

If you are looking for a credit card with a low annual fee and interest rates, then look at their credit card offerings. They have various cards to cater to your needs, such as balance transfers, access cheques, and cashback on your monthly spending cap.

To answer whether it’s right for you, compare the interest rates and charges with your needs and available alternatives.

Cost Value

This is one of the most cost-effective Canadian credit cards. However, if you want to determine the cost value of this card, you need to look at the rates and charges and compare them to the average in your province or region. You get 0.5% cash back on purchases in the applicable categories for the first six months. Unlike other brands, you can add up to nine users without incurring extra annual fees. In addition, you benefit from MasterCard rewards.

Customer Service

The brand puts the satisfaction of its customers as a priority. Therefore customer service is great. You can expect a quick solution to your concerns and problems. You can reach the customer care representative via mail, fax, phone, and TDD. If you do not get a resolution to your problems, you can escalate and speak to a senior representative who will help you. You shouldn’t send confidential or sensitive information via email.

Ease of Use

The card works like any credit card but with added benefits mentioned above. MBNA delivers smooth and seamless services via its credit cards. If you run into any issues, there’s a help section on their site. In addition, you can easily contact customer care and access their learning center for clarity on their services.

Included Features

Two of the most important features of the card are the MasterCard Contactless and MasterCard Zero Liability. MasterCard contactless lets you make payments by simply tapping your card. This ensures your card safety since it’s always in your possession. The MasterCard Zero Liability protects you from incurring losses on unauthorized transactions.

Other notable features are:

  • Zero annual fee
  • Welcome the offer of 0.5% cash back on gas and other eligible purchases for the first six months
  • Low interest on balance transfers and access cheques
  • Purchase assurance for the first 90 days
  • Extended warranties
  • Savings on car rentals with Avis Rent a Car

For more information about the credit card, please visit their site.

Overall

With this card, you get a decent interest rate on your cash advance, balance transfer, and eligible gas and grocery purchase. The MBNA credit card is an excellent option if you want a card that won’t put a dent in your finances. Before deciding, you are responsible for getting complete information from their site or reaching out to their customer service representative.

Alternative to MBNA Smart Cash Platinum Plus Mastercard

American Express Cobalt CardTD First Class Travel Visa Infinite CardMBNA Smart Cash Platinum Plus Mastercard
Annual Fee$12.99/month$130/year$0
AwardBest RewardsBest Starter TravelBest for Beginners
Rating4.6/54.5/54.3/5
DetailRead Review Read Review Read Review
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American Express Cobalt Card 

American Express is a credit card and payments company founded in 1850. It is one of the biggest financial institutions in the world. It has several cards for your needs, such as the American Express Cobalt Card, which is one of the best credit cards for gas and groceries purchase

The American Express Cobalt credit card provides insurance for car theft, damage, and travel accidents up to $250,000 and high-earning rates to reward users. You get a maximum interest rate of 26.99% and 21.99% on cash advances. However, it has a high annual fee of $158.99, which can be paid at $12.99 monthly for flexibility.

TD First Class Travel Visa Infinite Card

TD Trust is a Canadian financial services provider formed in 2000 when Toronto Dominion acquired CanadaTrust. TD has several card offerings, like the First Class Travel Visa Infinite Card. The card has a robust welcome bonus of up to $675, wide insurance coverage, and nice interest rates. The annual charge is $139, but it is waived for the first year.

A major advantage of the TD First Class Travel Visa Infinite Card is that you get 4.5% cash back on travel expenses and an extensive range of travel insurance coverage. You also get a birthday rewards bonus.

Conclusion

The Maryland Bank National Association is focused on providing excellent financial services and satisfying its clients. This focus made them develop various credit card types to take on various needs at different levels. The Smart Cash Platinum Plus is a credit card designed to give you high earning rates, low charges, great insurance coverage, cash back on gas and grocery purchases, and many more benefits. 

They have responsive customer service that’ll help you through the process of getting a card and any issues you may have while using it. As a division of the Toronto Dominion, you can expect top-quality products and services from them.

Reviews are not sponsored advertising, and you are responsible for the financial decisions made.

Frequently Asked Questions (FAQs)

How do I activate my MBNA credit card?

You can activate it from your online banking account if you are a current customer. New users must enroll first.

How do I increase my credit card limit?

Application for an increase of credit line can be made in the mobile app or your online bank profile. Make sure you are eligible before applying for your application to be accepted.

Do I get cash backs on grocery purchases?

You get cash back on your groceries and other purchases. You can check their website to confirm the eligibility of your purchase. To confirm if you qualify for the 0.5% cash back on your MBNA credit card, please speak to a customer care representative.
Note that Maryland Bank National Association is not responsible for all reviews that may appear on this site.

How long do balance transfers take?

It can take up to two weeks for your request to get processed if you requested a credit card and a balance transfer simultaneously.

Can I get a cash advance on my card?

Yes, you can get an advance on your card and other cards like the World Elite card.

Can residents of Quebec get a credit card?

MBNA is a division of a leading Canadian financial institution offering services to all Canadians, including residents of Quebec.

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ABOUT THE AUTHOR

Hannah Collymore
Hannah Collymore, MBA
Business Advisor
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Hannah is a seasoned writer based out of Pennsylvania. With years of experience in various writing niches, she provides SEO and on-demand content for Businesses in all industries

ABOUT THE REVIEWER

He is an organized and creative thinking sales management professional with experience in outside and inside sales in various markets. Working as freelancer in the Greater Boston Market, he moved to St. Louis and became an Account Executive, then a Sales Manager managing and coaching 12 sales reps covering a nationwide territory. He has developed his team with a combination of consultative selling and value before price coaching mindset which has won him a President’s Cup and many other financially rewarding awards at RICOH. His most recent role as a Continuous Improvement Manager provided insight into the importance of delivering a quality product in alignment with the value and reputation of his organization. It further enhances the aspect of selling on value as opposed to price.