Earlier this week, MBNA made changes to their rewards program which significantly reduced the amount of cash back you can earn with the Smart Cash MasterCard.

I was pretty disappointed with the changes because we use Smart Cash as our main rewards card and have earned about $700 cash back in just a year-and-a-half.

I’ve updated our MBNA Smart Cash review post with the new information, and I’ve gone through and updated these credit card comparison posts with the new, watered down, rewards from MBNA:

Even though Smart Cash is no longer the cash back king in Canada, you can still earn some pretty decent rewards by signing-up for Smart Cash through Great Canadian Rebates, where you’ll get a $60 rebate.  Then you can take advantage of 5% cash back on groceries and gas for the first 6 months.

After that, you can use Smart Cash in tandem with Capital One Aspire Cash to maximize your rewards.

Globe & Mail

Another change this week saw the Globe & Mail introduce a paywall system to access their online content.

They’ll provide unlimited access to anyone with a weekly subscription to the printed newspaper.  Weekend-only subscribers will have to pay $4.99 a month for unlimited access, while those without a subscription will be charged $19.99 a month after a one-month, 99-cent trial.

Casual readers can access 10 articles a month for free.  You can also watch an unlimited number of videos, get stock quotes and read letters to the editor free of charge.

And articles found through Facebook, Twitter, search engines and blogs won’t have those stories count against their monthly cap.

So check out Rob Carrick’s latest on why borrowing may force the Bank of Canada’s hand on rates.

Weekend Reading

Here are some more great personal finance articles for you to enjoy this weekend:

  1. Financial Uproar explains how to achieve financial independence
  2. Canadian Couch Potato tells us why RESPs should be kept simple
  3. Retire Happy Blog explains how to convert your RRSP to income
  4. Young and Thrifty asks why is there no competition for the TD e-Series?
  5. Excess Return looks at Obama versus Romney: Where should you invest?
  6. My Own Advisor explains dividend reinvestment plans
  7. Canadian Finance Blog asks rent or buy a house: how do you decide?
  8. Million Dollar Journey asks are you ready to be a landlord?
  9. Big Cajun Man shares a story about financially acting in haste
  10. My University Money writes about moving to get a job
  11. Saving Mentor wants to know how much you spend on your phone, cable and internet
  12. Timeless Finance looks at the difference between cheap and frugal
  13. She Thinks I’m Cheap lists 3 habits that are draining your wallet
  14. Free From Broke asks should teenagers get part time jobs while in high school?
  15. Rewards Cards Canada explains how to keep credit history for stay at home parents

Have a great weekend, everyone!


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