You are here: Home / Archives for credit card

MBNA’s New Smart Cash World MasterCard

November 27, 2011

MBNA is offering a new card, the MBNA Smart Cash World MasterCard, with some great features.

It appears at the moment, it is only being offered to those having an MBNA credit card, and is offered for no extra fee.

The card offers, like the MBNA Smart Cash card, 5% cash back on qualifying net retail gas and grocery purchases for the first six months, and then three-percent cash back thereafter.

The holder also gets a 1% cash back on all other purchases.

 Some Additional Goodies

You can receive complimentary concierge services when you make travel, dinner or event arrangements.

Access to ‘exclusive’ MasterCard offers.

 

 

Enhanced by Zemanta

Filed Under: Latest, Money Tagged With: , , , , ,

Pros and Cons of Store Credit Cards

November 30, 2010

Recently I read an interesting article on the National Post on Store Credit Cards. Titled Store Credit Cards Rarely A Good Idea, the article outlined some of the disadvantages and advantages of credit cards issued by various stories.

Some Disadvantages:

  • High interest rates. Up to 29.9%.
  • Limited Choices

Some Advantages:

  • The method of interest charging when you do not pay the whole amount. A traditional credit card company would charge the full credit until you pay up in full. Most stores, on the other hand, progressively reduce your interest as your total credit decreases.
  • Many store credit cards do not have an annual fee.
  • Because they are easier to get, they could be used to build up a credit history.

Some experts would say that use store credit cards when the store is offering discounts.

But having too many cards can also make a dent on your credit rating.

Related articles
Enhanced by Zemanta

Filed Under: Latest Tagged With: , ,

New No Fee MBNA Platinum MasterCard With 1.99% AIR

September 5, 2009

MBNA is offering a special offer of a no-fee, 1.99% annual interest rate (AIR) card.

According to the mail sent by the company, the introductory AIR for MBNA Platinum Plus MasterCard will be for ten months, after which the standard rates apply.

The Current offer is valid until Oct 19, 2006. A special sticker that comes with the mail is needed for the application.

online address to apply for the card is creditrsvp.com

Filed Under: Money Tagged With: , , , , ,

RBC Rewards Visa Gold – A Rewards Card

August 29, 2009

Royal Bank’s RBC Rewards Visa Gold Card is yet another credit card with fringe benefits.

RBC Rewards Visa Gold Card’s key features:

No annual fee

You get a point for every two dollars spent. This does not apply for cash advances, fees or on returns.

According to the bank, you can shop anywhere, without having to go to the stores in their list.

You can claim/redeem points at participating restaurants.

Protection from fraudulent claims, provided you can prove you took ‘reasonable caution’ in protecting your card.

Points can be redeemed for Esso points (3000 RBC points=5000 Esso points)

You have to have a minimum annual income of $35,000 to apply for this card.

There are 3000 bonus points if you sign up by September 30, 2009, but this is valid only if you do it online or send in the application form you may have received by mail.

Filed Under: Latest Tagged With: , , , , , , , ,

MBNA Smart Cash Card — A Free Card That Gives Something Back

August 9, 2009

Do you want to have a credit card for which you do not have to pay any monthly/annual fee but from which you can actually earn some bucks through cash-back programs (these are like the rewards points – the difference being the credit is accrued in real dollar terms, not just points)?

Well, MBNA’s Smart Cash Card in Canada is one of these.

For whatever reason, this is not advertised. May be the company does not want to overtly promote it. I am not sure about the reports that it is offered only to those who already have an MBNA Master Card.

But the Smart Card comes with the following:

For the first six months:

5% cash-back on groceries and gas for the first $600.00. Thereafter 3%.

1% cash-back on everything else.

After the six months:

3% cash-back on groceries and gas for the first $600.00. Thereafter 1%.

1% cash-back on everything else.

As well, if you already have another MBNA card, you could ask them to reduce your credit limit in that, and transfer the amount you asked to be reduced in the first card as the credit limit for the Smart Card. It will help maintain your credit rating.

MBNA toll free number is: 1-800-347-6262

Their website: mbna.ca

Filed Under: Feature Tagged With: , , , , ,
Add to Technorati Favorites