Smart Cash MasterCard® Credit Card

Saving money in this day and age is an issue for everyone. While it is getting more and more difficult to get private loans, even for the purpose of buying a home or automobile, some companies are really trying to find ways to accommodate your needs. The Smart Cash MasterCard, from MBNA, for example, offers many ways for domestic financial customers in Canada to save money. Some of this comes in the form of low rates, cash back options, but the lack of an annual fee is, perhaps, the easiest and most immediate way that you save.

In terms of cash back, you will appreciate that you get up to 5% cash back on qualifying retail gas and grocery purchases for the first 6 months. After the introductory period, you will get up to 3%, which is still higher than what other cards might offer. All other standard qualifying purchases will earn you 1%. This gives you plenty of opportunities to earn points early in your accounts so that when the time comes to use them, you will have more room to play with.

Along with cash back options, this card also offers you great rates. First of all, the promotional, introductory rate for balance transfers is very low. You can take advantage of this rate for the first ten months of your account. This gives you plenty of opportunities to consolidate your debts so that you can eventually rid yourself of them. Once this introductory rate ends, you could share the same decent rate for purchases, balance transfers, and cash advances. You can also use this card in other parts of the world without having to exchange your cash, but each transaction will charge you a small exchange fee.

Finally, you should know that this card has no annual fee and a 21-day grace period on all standard purchases. This means that you have up to 3 weeks to pay your balance off in full before any interest will be accrued. While this card offers great benefits, it is important to also note that it does have its fair share of fees. Now, these fees are nothing out of the ordinary, but they are worth noting. There are fees assessed for everything from balance transfers to cash advances to wire transfers. Of course, there are also fees for missed payments and returned checks as well, but if you are consistently on the ball, you should never have any issues.