Up to $150 in cash back with the MBNA Smart Cash Platinum Plus® Mastercard®
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Welcome Offer
MBNA Smart Cash Platinum Plus® Mastercard®
The MBNA Smart Cash Platinum Plus® Mastercard® is one of the best no-annual-fee cash back credit cards in Canada.
With this card, you can earn 2% cash back on:
- gas purchases
- grocery purchases
Up to a monthly cap of $500 in purchases, and 0.5% cash back on everything else.
For a limited time, you can get 5% cash back for the first 6 months, a value of $150. It’s the best no-annual-fee MBNA cash back credit card.
- Annual fee
- $0
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$150Total$150Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $150
- Welcome offer
- Up to $150 cash back
Apply Now
on MBNA's website
Earning cash back
The MBNA Smart Cash Platinum Plus® Mastercard® is a no-annual-fee credit card with cash back.
With the MBNA Smart Cash Platinum Plus® Mastercard®, you get:
- 2% cash back on grocery and gas purchases
- 0.5% cash back on other purchases
It’s one of the cash back credit cards with the highest earning rate for grocery and gas purchases.
Accepted at Costco
The MBNA Smart Cash Platinum Plus® Mastercard® is accepted for purchases made at Costco.
You will earn 0.5% cash back.
Insurance
The MBNA Smart Cash Platinum Plus® Mastercard® includes insurance coverage.
Travel insurance
The MBNA Smart Cash Platinum Plus® Mastercard® offers two types of travel insurance:
| Insurance | Details |
|---|---|
| Common carrier accidental death and dismemberment insurance | Up to $1 million |
| Unexpected return home | Up to $2,000 per person |
Purchase Assurance and Extended Warranty Insurance
The MBNA Smart Cash Platinum Plus® Mastercard® offers two types of purchase insurance:
| Insurance | Details |
|---|---|
| Extended warranty | Doubles the manufacturer’s warranty for up to one additional year |
| Purchase protection | 90 days from the date of purchase |
For example, by purchasing your appliances with this card, you get an extra year of warranty.
Conclusion
Right now, for a limited time, you could get up to $150 in cash back with the MBNA Smart Cash Platinum Plus® Mastercard®. This is rare for a credit card with no annual fee!
Please note that the MBNA Smart Cash Platinum Plus® Mastercard® does not require a minimum income.
- Annual fee
- $0
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$150Total$150Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $150
- Welcome offer
- Up to $150 cash back
Apply Now
on MBNA's website
Frequently Asked Questions about the MBNA Smart Cash Platinum Plus Mastercard Offer
Here are frequently asked questions in the milesopedia community about this card.
How do I earn the $150 cash back on the MBNA Smart Cash Platinum Plus Mastercard?
The current promotion on the MBNA Smart Cash Platinum Plus® Mastercard® grants 5% cash back on gas and grocery purchases for the first 6 months, capped at $500 in monthly purchases per category. At maximum participation, that equals $25 per month for 6 months = $150 in cash back. After the introductory period, the rate drops to the regular 2% on those categories. The card has no annual fee, so the welcome cash back is pure upside on top of the regular earn structure.
What are the ongoing cash back rates after the introductory period?
Once the 6-month welcome period ends, the MBNA Smart Cash Platinum Plus® Mastercard® earns:
- 2% cash back on gas station purchases (up to $500/month spend, then 0.5%)
- 2% cash back on grocery store purchases (up to $500/month spend, then 0.5%)
- 0.5% cash back on all other purchases, including Costco
The $500 monthly cap on each category means a maximum of $240 per year at the 2% rate, beyond which all spend defaults to 0.5%. This makes the card best as a complement, not a primary, for households with above-average gas/grocery budgets.
Is the MBNA Smart Cash Platinum Plus Mastercard accepted at Costco?
Yes. The MBNA Smart Cash Platinum Plus® Mastercard® is a Mastercard, which is the network currently accepted at Costco Canada warehouses (Visa is not). However, Costco purchases earn the base 0.5% cash back rate — not the elevated 2% grocery rate — because Costco is classified as a warehouse club, not a grocery store. If your household does most of its grocery shopping at Costco, this is the wrong card to maximize that spend; pair it with a card that offers a better warehouse-club return.
Does the MBNA Smart Cash Platinum Plus Mastercard include travel insurance?
For a no-annual-fee card, the insurance package is fairly comprehensive:
- Travel accident insurance up to $1,000,000 in accidental death/dismemberment coverage
- Unexpected return home insurance up to $2,000
- Extended warranty doubling the manufacturer’s warranty up to 1 additional year
- Purchase protection for 90 days against theft or accidental damage
It does not include emergency medical insurance, trip cancellation, or rental car coverage, so this card should be paired with a dedicated travel card or standalone travel medical insurance for international trips.