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    Cash Back Visa Credit Card Canada



    Visa credit cards are today are being offered by countless banks and credit card companies. These cards are presented to a client who doesn’t want to bring cash along with them always but utilize the credit as a substitute in order to do a transaction. These dealings can consist of either purchasing, getting an airplane ticket or simply for shopping purposes. These cards are under a category in which it is based on the features that comprises the credit card. The category is Doesn’t Carry a Balance that requires Excellent to Good credit history. Moreover, these credit cards offer certain rewards depending on the card you gave picked.

    As cash back rewards program have been prominent in the charge card industry and clients have seen the optimistic side of taking advantage of them, card companies and banks are generous and particular of the amount needed to be paid off each year. This could be an excellent source of investments for the cardholders which they are keeping in their accounts.

    Furthermore, two subcategories are provided which separates those card holders who are spending much on their credit compared to those who are aiming more on the rewards to be redeemed. These subcategories are the following: spend less than $2500 and spend more than $2500 per month. The amount $2500 is the marker generally used as it is considered the common amount a card holder is capable to spend each month.

    Good Credit - Excellent Credit



    The credit cards that are placed in this category are for those individuals who have good or excellent credit history. They are trying to check that these clients have the capability of paying off any amount they have with their accounts. A collection of credit cards with different features and benefits will be displayed. Weigh up each card to know which card is appropriate for your use as credit card holders are able to receive exclusive benefits that the bank or card company offers.

    The reason why client is getting this kind of card is because they are looking at the rewards to redeem. The rewards obtainable are great savings that could really assist the card user with the current finances being handled. Collecting of points is the solution to get and take advantage of the rewards. Cash Back Visa Credit Card Canada. These points are accumulated every time purchase or transaction that guarantees you to get a point until such time that the points you have collected will have an equivalent reward.

    Compare all of the cash back Visas that are offered to our cards.

    Apply Today! Capital One - Aspire™ Gold MasterCard®

    DOESN'T CARRY A BALANCE - REWARDS CARDS



    This category belongs to the credit card user who pays off their balances every end of the month. They are very particular in settling the amount of credit they have used and at the same time, get as much rewards coming from the points they have earned. These points are used to redeem rewards such as merchandise, gift certificates and a lot more. However, the most important attribute of these cards is giving certain amount of cash backs to the client’s account on a yearly basis. Client can see the rebates received in their individual accounts which can also be used to purchase goods or merchandises.

    We break these categories out by the kind of spenders: those individuals who spend a lot each month using their cards, or otherwise. (Generally the marker is around $2500 per month.) If you spend less than $2500 then you would consider a different card than if you spend more than $2500 per month.



    Spend More Than $2500 / Month - Rewards Cards



    Credit card holders who fit in here are those who usually spend more than the marginal amount an individual is capable of which is $2500. These card users get the full benefit of the cash back as well as the points. They are concerned of the rebates or cash back they will be receiving each year after they have spending large amount of money in their transactions.

    TD Rebate Rewards Visa Card


    The Rebate Rewards Visa Card is a credit card that doesn’t charge an annual fee. It is the cash back credit card that gives you cash back on your daily purchases with your annual rebate. Once you use your no-fee Rebate Rewards Visa Card to have purchases, you'll earn a cash rebate of a certain percentage on the total purchases charged to your card. The more you use your Rebate Rewards Visa Card in your transaction, the greater the money you get back. Watch out for the interest of this card. Pay your bills on or before its due date.

    Here are other benefits of the card that is offered:
    • 0.5% cash back is given on the first $3000 worth of net annual purchases made with the card.
    • Additional 1% cash bank on the net annual purchase above $3000 to a maximum of $25, 000 on the credit card.
    • Cash Back Visa Credit Card Canada.
    • Cash back are credited every January directly into the client’s account and statement account would show your total cash back earned.
    • Pay on the Visa payWave technology where you can secure and have easy contactless payment system that's faster and more convenient than paying with cash.
    • The card issuer uses the Chip Enabled Technology which give each client identical pin for security of their accounts.

    Chase Freedom Visa®


    This credit card gives much bonus points which gives you the freedom to grab the rewards available using the bonus points earned. Travel, gift cards, merchandise, cash back and more are examples of the rewards it offers. Check the other benefits and compare it with other cards.

    Chase Freedom Visa® offers the following as additional features:
    • 0% Intro APR and No Annual Fee even if the card company is giving all the card benefits it can offer.
    • 5% cash back offers in popular categories like gas, home improvement and department stores
    • Full 1% Cash Back on everything else with no spending tiers
    • Your cash back rewards never expire
    • No points expiration and no limitation of how much point earned.

    RBC® Cash Back Visa Card


    This card would give you the convenience of not using a card and instead use the RBC Cash Back Visa. They give 1% cash back credit starting from the groceries you have bought, the gas you have filled your tank and a lot more. In every purchase you made with the card, there is corresponding cash back. Using the card and looking at your cash back balance every month makes you overwhelmed on how it adds up.

    What do the card offers you with its benefits:
    • 5% cash back is earned on groceries purchased. In addition, 5% cash back credit when buying groceries at the participating stores using the credit card until December 31, 2010.
    • Earn 1% cash back on all other qualifying transactions made with the card when you make for pre-authorized payments on the Cash Back account.
    • When you use your Custom Switch, you are given up to $25 cash back bonus.
    • Cash Back Visa Credit Card Canada.
    • In paying for small purchases, the company gives the Visa pay Wave for client comfort, safety and security.
    • No extra cost when you are asking for additional cards for the co-applicants and authorized users.
    • You can access cash worldwide of up to $500 or depending on your credit limit.
    • Minimum credit limit is high at $1000 compared to other cards.
    • The card is widely accepted in over 600, 000 locations in Canada and over 23 million all over the world.
    • Travellers cheque is commission-free.

    IberiaBank Visa Gold Credit Card


    With this credit card the card holder will have an outstanding of cash backs to be received as the card issuer assures that the card user would take pleasure in the rebates being returned. This card also doesn't have any annual fee which gives the client less payment to think of. All of this credit card features are of gain for card holder but watch out for the interest on purchases and cash advance. Card holders must be keen in looking for date where promos will end in which interest rates will change back to its normal value. Make sure that you won't get into the drawback of having lots of added interest charges.

    Check the added benefits of this card:
    • Earn 1% in cash back credit on all qualifying purchases done by the card holder.
    • No limit on cash back; no expiration date on eligibility for accounts in good standing status.
    • Travel accident coverage up to $500,000 given to the client.
    • No annual membership fee for this credit card.
    • Low, variable rate APR of 9.25%, 12.25%, and 15.25% as of 1-1-10 based on your creditworthiness. This APR will vary with the market based on the Prime Rate. (If there is an interest charge, the charge will be no less than $1.00)
    • Low Introductory APR on balance transfers of 1.99% for your first 6 billing cycles, this rate will not change during the introductory period. Applies to balance transfers processed within three months of your account open date. After that, your APR will be the same as your assigned purchase rate, based on your creditworthiness; this APR will vary with the market based on the Prime Rate.
    • Online access to credit card account information is always available.

    Apply Today! Capital One - Aspire™ World MasterCard®

    Spend Less Than $2500 / Month - Rewards Cards



    Card users that belong in this category are those types of clients who don’t like to spend much but get the full benefits of the credit card. Cash backs as well as collecting countless points are there goals which they would then convert to rewards either merchandise, gift check or other offered stuffs. The more benefits that the card holder will get out from the credit card picked, the high the odds that they would submit an application for that particular credit card.

    Scotia Momentum Visa™ Card


    This credit card allows you to collect a generous cash back percentage for the retail purchases you have made with the card. If you are a big spender, then it won’t be a problem because there is no certain limit in the amount of point you can accumulate or collect from all the card transactions made. You can get cash back from gas, groceries and drugstore purchases. Cash Back Visa Credit Card Canada. Get the full offers of the card so that the annual fee won’t bother you which is at $39. Moreover, paying the bills on the specified time or at the end of a month lets you get away from the interest of 19.99% on purchases and 21.99% on cash advances as well as balance transfers

    Scotia Momentum Visa™ Card additional benefits:
    • 2% cash back are given to card holders on purchases made either on gas, groceries or in a drugstore. It also includes recurring payments.
    • 1% cash back on all eligible purchases with Momentum Visa card.
    • Credit limit is at $500 which is higher compared to other credit cards.
    • Save 20% discount to any AVIS Car Rental service you have purchase but allowed only to the participating locations.
    • Electronic banking is available to check your account information, bill payments and mini-statements.

    Chase Freedom Visa $50 Bonus Cash Back


    This credit card gives many rewards to the client starting from the cash back of $50 during the first purchase of the card. It has 0% introductory APR and no annual fee being charged for this Chase Freedom Visa to its user. Check out the additional benefits offered for this card.

    Chase Freedom Visa offers you more benefits:
    • 5% cash back offers is returned to the card holder when purchasing gas, home improvement and department stores.
    • Get additional 20% cash back when buying with the specific merchant online using the Chase credit card.
    • 1% cash back for all the credit spent – no spending tiers or caps on how much you can earn.
    • $50 bonus cash back during the card first purchase.
    • No annual fee as well as introductory APR.

    Capital One® Students Rewards Card


    This card is for students who are in need of building their credit history back to where it was before. They utilize this card for purchasing and collecting reward points. Furthermore, make an impression to the credit bureau on how you settle your balances. This is one factor to consider in rebuilding a credit history as well as credit rating.

    Benefits entitle by the company to the card user:

    • No annual fee charge is guaranteed.
    • 2% cash back on payments made on restaurant, entertainment, cell phone and books bills.
    • 1% cash back on all other purchases made using the Student rewards card
    • Earning cash back is one way of building again the client credit history.
    • The client is given the option on how to redeem the cash back. It may be set-up for hassle-free automatic redemptions.

    PenFed Visa Platinum Cashback Rewards Card


    This credit card is for card holders who uses the card for gas, groceries and other purcahses but don’t want to spend much. They rely on the rewards they get coming from the points they’ve earned.

    What do the card offers you with its benefits:
    • 13.99% APR which is lower than most rewards cards in the market.
    • Earn 2.00% cash back on supermarket purchases in using the card.
    • Earn 5.00% cash back from gas purchases paid at the pump station.
    • Earn 1.00% cash back from all purchases the card user makes with the card during each billing cycle.
    • No Annual Fee guaranteed by the card issuer.
    • Cash Rewards credited each month to the accounts.
    • No special restrictions or policy to earn your cash rewards.



    See Also



    Best Credit Cards Canada

    Best Balance Transfer Credit Cards Canada

    Best Cash Back Credit Cards Canada

    Best Capital One Credit Cards Canada

    Best MasterCard Credit Cards Canada

    Best MBNA Credit Cards Canada

    Best Visa Credit Cards Canada

    Best Secured Credit Cards Canada

    Travel Credit Cards Canada

    References



    IberiaBank Visa Gold Credit Card

    PenFed Visa Platinum Cash Back Rewards Card

    Chase Freedom Visa

    External Links



    Best Credit Cards Comparison

    Visa Credit Card Offered

    Credit Cards Cash Back Features

    CASH BACK VISA CREDIT CARDS CANADA



 
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10 Comments
On Jun 16, 2011, Liam Noah Said:
i use this card strictly for gas and groceries for the 3% cash back, currently still 5% during the promo period... everything else i still use my TD VISA Gold Elite, i find it has better perks and still a 1% cash back.
On Jun 16, 2011, Matthew6757 Said:
Too bad the American Express Gold Cash Back Card is no longer available. Sounds like it was the best card out there. Amex told me that it was not popular. I think it wasn’t making them too much money and that’s why they discontinued.

Probably the best card out there right now: I have been using the Canadian Tire Vacation Advantage MasterCard for quite some time now. Accepted pretty much everywhere, which the Amex card is not. It gives you 1.5% on all purchases as long as you spend $2000 or more monthly which I do. You get the rebate right after you purchase anything vacation related (trip, flight, book hotel, etc). I don’t have to wait a whole year to receive the rebate. I can even you use the rebate if I bought the vacation related product a few months ago. Basically you can use the rebate pretty much any time.
On Jun 16, 2011, Alexander Said:
I learned about the MBNA Cash Back card last summer. I applied for it through www.greatcanadianrebates.com and received a $50 rebate once my card was approved. I've used it exclusively for almost a year and have gotten a lot of money back. As soon as the rebate totals at least $50 it's sent out automatically. To track your accumulated points sign up for on-line access.

I've had great success with this credit card and wouldn't hesitate to recommend it.
On Jun 16, 2011, Joshua Said:
Anyone have any experience with the MBNA 1% cash back card? I don’t know what it’s called, but there’s no fee, no tiers and no maximum. An application showed up in the mail this week.
On Jun 7, 2011, WhatisHot Said:
I have AMEX 2% cash back card – I can not find it on the website anymore. Originally it was no annual fee but it is now $100 / Yr.. This no limit cash back is .5% on first $2,500, 1% on the next $2,500 and 2% on the rest. In January we got our annual credit on AMEX $1,200. Since Amex is not taken everywhere we use CITI Drivers Edge Master Card 2% toward any new/use/lease of a vehicle max $500 per Year in rewards and max 5 Years accumulation). I just purchased a car and got a cheque for $1,200 (4 Years to accumulate). This is not bad since the AMEX is a primary card we use and less then 15K in annual spending is on Driver’s Edge.

If anyone know a better reward cards available I would like to hear it. Too bad old Canadian Tire 5% credit card is no longer available.
On Jun 7, 2011, xywt782 Said:
This is actually a good question. Old-timers take these things for granted but it's not always obvious to newcomers. Then there's the potential confusion between cashback as a percentage of purchase on a credit card and cashback as sometimes requested and received from a shop after a debit card purchase.
On Jun 7, 2011, chEEseCakE Said:
I'm tempted to get the MBNA Visa cashback credit card. How does cashback work? Do I accept it when a shop asks me if I'd like cashback or is it automatically applied regardless because it's a cashback card?

Also, how do I get this cashback cash to my account? Is it automatically transferred to my bank account with no charge or is it transferred to my credit card and then I have to transfer it over to my bank account and pay a charge?

If someone could explain to me simply how it works then that'll be very much appreciated! Thanks for help!
On Jun 4, 2011, Jean Karla Said:
The credit card coming from Capital One which is the Aspire Gold MasterCard provides a lot of wide-ranging travel benefits as well as features to the cardholder residing in Canada. When you do your initial purchase with the card, they will instantly give you 5,000 worth of bonus rewards miles. Each $1 you spend would have an equivalent amount of reward mile. Every year, you will get 1,000 miles if you maintain your account open.
On Jun 3, 2011, Orelious1973 Said:
You are right Jean Karla on how a cash back program works.. But the question is which card gives the best offers? I can see that there are different cards being presented coming from various card issuers but which is which?
On Jun 2, 2011, Jean Karla Said:
The best thing about cash back credit cards is that you don’t get this rebate just once or on particular purchases, in most instances you obtain cash back on every purchase. Hence, if you put together ten separate purchases in a day you would be given ten different cash back rebates for those purchases. It sounds too good to be true, but it’s for real and the savings can add up over the course of a month or even a year.
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