Credit card issuers are constantly trying to push the envelope when it comes to super premium credit card offerings. But for many credit card users, high-annual fee cards are just not a good fit – even with all their perks.
MBNA has hit a sweet spot with the Rewards MasterCard. First off, there is no annual fee, making it great for cost conscious consumers. On top of that, there’s a generous sign up bonus. To take advantage, simply activate the card and make $500 in purchases within 90 days to earn 5,000 points. Then, simply enroll in e-statements for an other 5,000 bonus points. Be sure to enroll within 90 days to get the paperless bonus.
There’s also a very flexible rewards program. Choose from cash back, gift cards, merchandise, travel, or even charitable donations. For the first 90 days you can earn 4 points for every $1 spent on eligible restaurant, grocery, digital media, membership and household utility purchases. After that it drops to 2 points for every $1 spent on eligible gas, groceries and restaurant purchases with a $10K cap on each. You’ll earn rewards on a $1 spent / 1 point earned basis (1%) for all other purchases, which is pretty standard on reward cards.
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