Comments on: No Fee Canadian Credit Card With Unbelievable Rewards and Insurance

By: Mr. Cheap

Mr. Cheap — Fri, 04 Dec 2009 17:14:07 +0000

Henry: Thanks for this post. I applied for (and received) this card and have been happy with it so far (I seem to get everything you recommend!

L: I got a copy included with my card. Maybe call them and ask them to send you a copy (or look on their website).

By: L

Fri, 04 Dec 2009 16:47:20 +0000

Thanks. Finally, I applied & received this amazing card with no annual fee, with insurance + an average >1% cash back. I am wondering where can I get a copy of the Insurance Certificates of this card(masterrental, masterpurchase etc), as MBNA did not included with the card.

Are they going to send it later?

By: Henry

Henry — Sat, 01 Aug 2009 01:05:39 +0000

Thanks for reading my review. I recommend that you keep TD Dividend Card, because it is Visa (not everywhere in Canada accepts Mastercard) and it has your credit history on it. You probably can upgrade your old MBNA student card to MBNA Smart Cash Mastercard. Ask if you can get either the platinum plus or gold version for the insurance benefits.

Don’t forget to tell your friends about MBNA Smart Cash Mastercard and about my review as well.

Best Luck.

By: Sriram

Sriram — Tue, 28 Jul 2009 22:36:50 +0000

Glad I found your post. I was going to apply for the PremiumRewards online. This Smart Cash Card is much better. I currently have a Students Card with MBNA but have not been using it because it has no rewards and my TD card has cashback. This Smart Card gives way better cashbacks than my TD card and I will kiss good-bye to the TD Card as soon as I get this new one. Thanks a lot for this post. Otherwise I would not have found out about this amazing card.

By: Henry

Henry — Sun, 19 Jul 2009 23:14:29 +0000

Marc: MBNA Starwood Preferred Guest Mastercard is really good for those who are traveling a lot. You can get 5000 bonus points for every 10,000 dollars you spent on the card up to 15000 bonus points a year. Someone on Redflagdeals said that Starwood Preferred Guest Mastercard is about 5.5% to 6.5% cashback if you are able to max out the bonus points system and use it to book hotel rooms. I believe Frugal Trader uses MBNA Starwood Preferred Guest Mastercard. However, I do not travel a lot so I prefer MBNA Smart Cash Platinum Plus Mastercard.

Just double check with MBNA that you have a Platinum Plus account. All Platinum Plus cards have rental collision insurance, extended warrant, common carrier travel accident insurance, etc.

By: Marc

Marc — Sat, 18 Jul 2009 23:42:07 +0000

I thought about this card but decided to stay with the MBNA Starwood Preferred Guest card.

I recently booked a room at a Sheraton hotel for 8000 points a night on the club level. I’m not sure what the room would go for, but a regular room at the best rate I could get was $200/night, I would assume the club level would be a bit more. Anyways, would work out to a 2.5% return. Had I booked a week earlier before the regular rooms were full, there was also an option of using 2800 points and $45 US for one of the 200/night rooms. That would have been a great deal, but I waited too long in deciding.

I believe the card has all of the extra benefits of the smart cash card (rental insurance, extended warranties, etc…) as it too is a platinum card.

When I travel, I normally look for the lowest priced deals, so it’s nice to be able to stay in a little bit nicer hotel for free from time to time. So this card works out well for me.

By: Henry

Henry — Sat, 18 Jul 2009 18:31:54 +0000

World Credit: You are absolutely correct. You should not consume on borrowed money. According to my understanding, Smart Cash Platinum Plus Mastercard is able to provide such a great reward program due a higher interchange rate charge on the merchant side.

By: Henry

Henry — Fri, 17 Jul 2009 20:51:04 +0000

DuckConference: Were you able to get Platinum Plus version?

By: DuckConference

DuckConference — Fri, 17 Jul 2009 20:29:14 +0000

I got mine a little over a month ago, it’s pretty great for gas. Unfortunately, as a currently unemployed recent graduate, I only qualified for a $500 limit, but once I’m working again I’ll try for a credit increase.

By: Henry

Henry — Fri, 17 Jul 2009 20:16:52 +0000

pessimist: Most places accept Mastercard in Canada. In fact, No Frills and Tim Horton only accept Mastercard. I have a regular Visa with me just in case someone does not accept Mastercard.