MBNA SPG MasterCard Discontinued!

| September 2, 2009 | 1 Comment
beachpiggybank MBNA SPG MasterCard Discontinued!

SPG will no longer offer the SPG MasterCard from MBNA in Canada

Update (March 31, 2010) — It’s here—and according to American Express—more rewarding than ever! The new SPG Credit Card from American Express is now in Canada. Along with a number of travel benefits, the SPG Credit Card from American Express provides you with the only way to earn Starpoints on a credit card in Canada. Check out our post on the new card here.

Update (December 17, 2009) — The Starwood Preferred Guest (SPG) program and American Express have just announced a new credit card for Canadian residents: the Starwood Preferred Guest Credit Card from American Express. The new card will launch in the first few months of 2010 and will provide new benefits, including an accelerated points-earning feature. Check out our post here.

Update (September 2, 2009) — As of August 31, 2009 SPG will no longer offer the SPG MasterCard from MBNA in Canada. SPG is creating an ‘exciting new credit card’ that will be announced soon on spg.com—and it will be available to those in Canada. Check out our post on the announcment here.

We just found out via Million Dollar Journey that SPG will no longer offer the SPG MasterCard from MBNA in Canada. First we ran a review of the ‘Citizens Bank Global Chequing account’ and a few short weeks later it was unceremoniously dumped. And then we reviewed MBNA’s Starwood Preferred Guest (SPG) MasterCard. Now, it too, has had its plug pulled. Seemingly, a review in Two Go Round-The-World is a kiss of death to personal financial products. As per Starwood’s William R. Sanders on FlyerTalk:

As of August 31, 2009 SPG will no longer offer the SPG MasterCard from MBNA in Canada. SPG is creating an exciting new credit card that will be announced soon on spg.com.

You will continue to be able to earn Starpoints and receive benefits as you normally do through February 28, 2010 on your current SPG/MBNA MasterCard. Sometime between March 1 – March 30, 2010, MBNA will send current SPG/MBNA cardholders a new MBNA credit card and the account will automatically transition to that new credit card. It will not, however, earn Starpoints as bonuses or from usage.

If you have any other questions about your current account, please call MBNA at 888-877-6262.

FrugalTrader over on Million Dollar Journey, rumour has it that SPG will continue its relationship in Canada, but it is unknown as to who the credit card issuer will be.

Blame it on the recession? Nope—despite the recession, it appears that consumer participation in rewards programs is on the rise across all demographic segments.A recent COLLOQUY study reported 19% participation growth by the general population since 2007. These numbers and more are included in COLLOQUY’s latest white paper entitled, “After the Meltdown: Consumer Attitudes and Perceptions About Loyalty Programs in the Post-Recession Economy.” The paper is available for a free download here.

Come February, it appears that we’ll be looking for a new card—especially if the new card doesn’t meet the high standards of the MBNA’s SPG credit card. Do you use the SPG credit card? If so, what card will you move onto next?

The SPG MasterCard from MBNA’s flexibility, plus a very good redemption rate, was a determining factor which influenced our decision to go with this card. What pushed us over the top, however, was the fact that you can transfer your earned ‘Starpoints’ into most airlines’ frequent flyer programs at pretty favourable exchange rates. That means you can be airline agnostic, more or less! Furthermore, it means you are not pushed to the back of the line, forced to fly standby or stuck with routes that only pass through Gary, Indiana

Have a financial product that you’d like to see discontinued? Let us know and we’ll review it!

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About the Author ()

For nearly ten years now, Daniel of Two Go Round-The-World has explored how travel captures our imagination and engages our deepest emotions. One half of the duo that maintains the widely read Two Go Round-The-World blog, Daniel treats his subjects not only as works of art but also as symbols of the cultural and political forces that inspire them. His latest book, The Physics of Flocking, gathers his favourite writing featured over the past two years on Two Go Round-The-World in columns like 'Looking Back' and 'The Whole Picture'—along with new reflections.

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  1. Social says:

    Interesting article but I am still none the wiser as to why they have discontinued the card. Seemed like a great idea to me and if people are still spending then it’s even more of a mystery.

    Well at least it’s a chance for other banks and corporations to come up with a new and even better card.

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