MBNA Smart Cash Adds Annual Fee
The popular MBNA Smart Cash has added an annual fee. It may still say MasterCard on the MBNA website, but most people should have been converted to a Visa by now.
This is an unfortunate turn of events and it will probably discourage new applicants from signing up. As a result, I will also be taking this card off my top cash back cards list.
As for existing cardholders, if you did not receive a letter in the mail stating that an annual fee is being implemented, then you should be grandfathered.