November 23, 2011

A Credit Card CAN Make You Happy!

Posted in Uncategorized tagged , , , , at 5:38 am by limitedcredit

Less than a month ago, I decided to convert my existing MBNA Platinum Plus MasterCard into the Smart Cash Platinum Plus MasterCard, which would now offer me more money back into my pocket than before.

Here is how it works:

– I will receive up to 5% cash back on qualifying net gas and grocery purchases for the first 6 months of usage.
– After the initial six month “honeymoon” period is over (kind of like in real life!), those net gas and groceries purchases will earn me 3% (on the first $600 spent monthly).
– Everything else will earn 1% cash back.

The attractive thing about this card is that once you have accumulated at least $50, MBNA will cut you a cheque. Money that can be used for whatever purpose I so desire? You can see why this card would make me in high spirits and as a result it is the sole cause as to why I have started charging anything and everything on to it so as to earn as much cash back as possible because like it is said, “Cash is King”.

I am glad to know that I am not the only one who feels cheerful about this splendid financial product since My Own Advisor has a posting reflecting the same type of thought/feeling that I have toward this card.

UPDATE: BankNerd.ca recently mentioned the Smart Cash MasterCard as well. A positive review from them as well.