“Heap and Sweep” strategy
We offer the Manulife Bank mbna rewards MasterCard® because, with it, you can maximize the value of your Manulife One account, save interest costs and earn rewards points. It’s called the “Heap and Sweep” strategy.
Heap
First, use your Manulife Bank MasterCard® for as many of your monthly expenses as you can. This allows you to keep your income inside your Manulife One account all month, saving you interest. And, each time you make a purchase with the card, you “heap” up reward points.
Sweep
Then, at the end of the month, you automatically “sweep” the card balance into your Manulife One account (by setting up an automated payment) before interest is charged on the balance.1
The “Heap and Sweep” strategy is like having a credit card with the lower rate of your Manulife One account AND every dollar you spend earns great rewards points!
Next steps
Simply complete the Pre–Authorized Debit form and fax it, along with a void cheque, to MBNA®2.
1 The balance in the Manulife One account cannot exceed the approved borrowing limit.
2 To automatically “sweep” your card each month, print the Pre–Authorization Debit Agreement , complete, sign and fax it to MBNA®’s attention at 1-800-871-0994. When you sign up for MBNA®’s Pre–Authorized Debit service, your bank account will automatically be debited monthly with an amount of your choice. If you’d like to pay the balance in full each month, simply hand–write “Pay in full” in the payment amount section.