I noticed I’ve been getting more hits as a result of my recent post: RIP MBNA Smart Cash Mastercard Here is my alternative card:
Earn 1% on all net purchases (no tier spending or no cap limit). Bonus of 0.5% is awarded to you after your one year anniversary. So the total cashback you earn is 1.5% essentially. A nice little perk is $100 cash bonus for just signing up. That’s what really hooked me! Check it out:
CAPITAL ONE ASPIRE WORLD MASTERCARD
They have really good benefits. I like how you can customize your alerts by email or text message for transactions over $20 or bill payment reminder. You can redeem your rewards anytime you like by requesting a credit to your balance (faster way) or cheque. As for MBNA, you have to accumulate $50 before they issue you a cheque that can take ages to arrive at your doorstep.
The only draw back is I only got a $3,000 credit limit from Capital One. I can’t really make a big purchases with this limit such as a nice trip. Capital One is stingy with their limits. I’ve been with them for like six months now, and I still can’t get a credit increase. Usually I get $5,000 minimums from most credit cards I’ve dealt with.
I don’t really qualify for this card as I don’t make anywhere close to $60k a year myself. But if I add the combined household income… I do for the bare minimum 🙂
MBNA has really angered loyal customers. Now we are all looking for alternatives to find a better cash back reward card!
RFD posts seem to indicate CapitalOne does not increase credit limit ever, even if you call in to request it… kind of strange. did you have a lot of CC already when you applied? i only had 2 cards when i applied for CapOne, and got such a large amount that it was shocking. but when i applied for my 4th card (Chase Amazon.ca VISA for foreign currency purchases) i only got 3k as well
When I first registered my card and talked to a rep… he told me I can ask for an increase after being with Capital One for a while. Yea, I have like over 10 credit cards/line of credit, but I just use two major credit cards for usage at a time. I always seem to apply for the next best reward card.. haha…