Wednesday, May 16, 2012

MBNA Platinum Plus Mastercard Review (Canada)

The MBNA Platinum Plus credit card is a no-fee no-frills credit card. What makes this such an amazing card is the promotional 10-month 0%-AIR for balance transfers, access cheques and deposits. You just pay 1% of the balance upfront. This is as good as it gets.




Highlights
  • No Annual Fee / No Rewards or Cashback
  • Promotional 0% AIR for 10 months
  • $60 Sign-up bonus from Great Canadian Rebates referral link ††
Eligibility
  • 35k Annual Salary
  • Canadian Resident

I recently received the card in the mail and was pleased with its brilliant white finish. I called in to activate the card and the nice lady helped me move around the limits on my other MNBA cards to borrow 13k. She can tell you exactly when the last day to pay back the loan interest-free too!

I have not figured out what to do with it yet, but at 1% worse case you can put it into a savings account for 1.5%-2.0% and make 0.5% spread almost risk free.

Disclaimer: This card is only available to Canadian residents.  Also, I am not paid by TD to endorse their products.

†† You will receive $2 for signing up and $60 after applying and getting approved for the credit card though the link. I do receive a little compensation when you use my referral link.

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