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    Best Cash Back Credit Cards Canada



    Cash Back Credit Cards are those kinds of cards that give back a certain percentage of cash or money to the card holders. The source of the cash back comes from the purchases made with the credit card. Usually these cash backs range from 1% to 3% depending on the bank or card company. These are returned back on the account of the client annually where the total amount of purchases is subjected to the cash back percentage offered. It then becomes the source of savings for the card holder. It can be used for future purchases of the client especially those card users that are utilizing their cards with the purchases they are transacting.

    Good Credit - Excellent Credit



    The cards that will be introduced are the credit cards that require good or excellent credit history. This means that the client here have been making good settlements with their balances monthly and haven’t committed any pitfalls that could affect the credit history they are taking care of. Best Cash Back Credit Cards Canada. There are seven card issuers that will display their cards along with its benefits and features. Give time to compare each best cash back credit cards Canada and in the end, be able to pick the best card for your use.

    Apply Today! Capital One - Aspire™ World MasterCard®

    DOESN'T CARRY A BALANCE - REWARDS CARDS



    Clients that belong in this category are those card users who pay off their balances at the end of a month or in a monthly basis. Rewards are offered with these kinds of cards that are availed by the card holders. They are after the rewards that they can avail rather than using the credit card. Points are offered as well as cash backs which are accumulated in their account. Cash backs are given annually and are considered savings for the client after spending on the purchases they have made beforehand.

    In addition, two subcategories are provided which separates those card holders who are spending much on their credit compared to those who are wanting more on the rewards to be earned. 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.



    Spend More Than $2500 / Month - Rewards Cards



    Under this subcategory, clients that belong here are those who spend a lot of their credits but in return get points and cash backs for every dollar they have used. Card users accumulate many points to get the rewards they have wanted after using the card for their transactions.

    Capital One - Cash Back Plus Platinum MasterCard®


    This credit card entitles the card user the chance to get a cheque or statement credit after accumulating more than $15 in points. The rewards offered for this best cash back credit card Canada is more on the cash back reward compared on other possible gift rewards. This card does have an annual fee of $99. It is better to use the card to its maximum limit to be able to enjoy the rewards more than the fee. Be conscious of the due dates of payment as the card comprise a 19.8% interest. So, card holders should pay their bills monthly to avoid the interest.

    The Cash Back Plus Platinum card allows you to gain points through following ways:
    • For purchases up to $10,000 you get 1% cash back annually as the company offers such benefit.
    • Best Cash Back Credit Cards Canada
    • When purchases reach between $10,000.01 and $20,000 you'll collect 1.5% cash back annually
    • In purchases over $20,000 you'll collect 2% cash back annually to the client account.
    • There is no limit on the number of points earned
    • When doing balance transfers or cash advances, these transactions are not entitled of points and cash backs.

    MBNA Premier Rewards® Platinum Plus® MasterCard®


    A rewards credit card that provides cash back for the total amount of purchases made. Furthermore, gives the client automatic rewards to be credited on the account once promos on company’s website are availed. This would give much rewards and opportunities of the card holder to venture everything as far as the card offers.

    Here are the of the MBNA credit card features:
    • As commonly offered by rewards credit card. This card has No Annual Fee as well.
    • 1% back on all net retail purchases when buying merchandise or any transactions that you have used your rewards card.
    • There is a yearly automatic rewards crediting in your account once you have availed with their promos especially those that are offered in the company’s website.
    • Regarding with points, there is an enticing policy of No spending limits or earning limits. Customers can earn points as much as they can and redeem rewards equivalent to their accumulated points.
    • There is Exclusive platinum benefits and peace of mind for the card holder that provides less risks and hassle.
    • Booming credit limit of up to 100,000 is offered by the card issuer giving the customer a wider range to spend on their credits.
    • Customer service is always present 24/7 for any inquiries or problems that these card holders may encounter when using their credit cards.

    CIBC Dividend Card®


    CIBC Dividend card allows their card users to earn up to 1% cash back on the net purchases made with the card. The amount of cash back earned is going to be accumulated and will be added to the best cash back credit card Canada account. Best Cash Back Credit Cards Canada. This will make the card holder get something out of the spending they have made.

    Here are the card details of the credit card:
    • The card entitles the card holder with a Common Carrier Accident Insurance worth $100, 000.
    • The card also provides insurance for the security and extended protection on all purchases you have made with the credit card.
    • AVIS car rental discounts of up to 20% is given once you have the card in hand but can be availed only on participating locations.
    • Cheques can be made into personalized with CIBC Convenience cheques without extra charges.

    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 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.

    For example, if net annual purchases on your cash back credit card total $15,000, you will earn cash reward of $135 ($15 for the first $3,000 in purchases and $120 for the additional $12,000.) You have just earned $135 from using your Card for everyday purchases which could be used for extra other purchases. Think of the amount of money you can save when you use your credit card everyday in every transaction you are dealing with.

    BMO Premium CashBack MasterCard®


    The best cash back credit cards Canada company gives the card user cash back in all the card purchases made. It includes cash back coming from participating companies like Shell, as well as National Car Rental and Alamo Rent a Car. This gives much savings even though the card has an annual fee of $49. Something to watch out of the credit card is the high interest fee of 19.5% which is not a problem only if the card user will pay the bill on time or before due date is over.

    BMO Premium Cashback card details:
    • For every purchase made with the card BMO would give 1% cash back.
    • In Canada, any Shell Stations would gives out cash back of 3%.
    • With National Car Rental and Alamo Rent a Car, 3% cash back is returned when you purchase or avail their services.
    • BMO gives Roadside Assistance to the card holders. Here are some of the following services: battery boost, fuel delivery, lockout service and towing.

    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.
    • 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.

    Apply Today! Capital One - Aspire™ Gold MasterCard®

    Spend Less Than $2500 / Month - Rewards Cards



    Card holders that belong to this category are those clients that spend less than $2500 per month. They are the type of card users who doesn’t like to spend much but get the full benefits of the credit card. This card holder keeps having a budget with their finances. They only purchase what is necessary and forget the things that would give them trouble in payment. They would not just spend any amount in using their credit cards but they are meticulous of the cash back or rewards they will collect. They are taking benefit of the promos that each specific card can present them. The more benefits that they will get, the higher the chances that they would apply for that credit card they need.

    Capital One - Cash Back Guaranteed MasterCard® for Gas & Groceries


    This best cash back credit card Canada is usually used by card holders for their purchases on gas and groceries because they are getting more on the cash back. It gives them much savings over their expenses. So, collecting cash back points every month becomes an advantage on their part in using the card. But card users must be responsible in the payment of their balance so that they will not be charged of interest fee. More cash backs are provided on the card details below.

    This card has more benefits to offer:
    • Credits used on gas purchases give you receive 2% cash back.
    • In buying groceries, 2% cash back is given in return to your account.
    • Every other purchase made with the card, the client will receive 1% cash back.

    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. 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.

    Cash Back Platinum MasterCard® with No Hassle Rewards™


    The clients who are suitable for this card are those individuals who spend money and just want to gain the cash back or rebate. They are the persons who spend for small quantities of merchandise but get much of the benefits of the credit card.

    Here's what you get with this card:
    • 0.5% cash back annually on total purchases up to $3,000 are given back to the card user.
    • Additional 1% cash back annually on total purchases above $3,000 is also returned.
    • This card doesn’t have any annual fee charge.
    • When redeeming your cash by cheque or get a credit on your statement you can request for it online.
    • Earning or savings you gain with this card has no limit or capacity.

    Chase Freedom Visa $50 Bonus Cash Back


    Chase Freedom Card has a lot of reward to offer. It starts off with the cash back of $50 during the first purchase made with the card. Moreover, a 0% introductory APR is also given along with the no annual fee policy. This is one of the best cards that you can pick. Check out more of its benefits and features below.

    Chase Freedom Visa offers more than what is mentioned above:
    • 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.



    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



    FCAC - Best Credit Cards in Canada

    ExtraCreditCards.Com-Visa Cards

    Best Visa Cards Canada

    External Links



    Canada Credit Cards - No Credit History

    Canada CreditCard - See All the Card Comparisons

    Visa Credit Card Offered

    BEST CASH BACK CREDIT CARDS CANADA


 
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20 Comments
On Jun 27, 2011, Josey - NS Said:
I like the Cash Back Plus Platinum MasterCard from Capital One... I was able to get $520 cash back, which I used on my garden supplies this spring.. it was nice to get a whole garden full of plants and seeds from this rewards program!
On Jun 15, 2011, saroketdj Said:
Yes, it's good to go. We used ours and got our points!! for the catamaran cruise, rum in the shops, and at the Varadero airport duty-free last month. Have a great trip!!
On Jun 15, 2011, uneblagueJp1k Said:
rayensp.. Yes it will work. Was informed by our sunwing rep last week that this card does indeed work. Just on a side note, any credit union credit cards will no longer work in Cuba.
On Jun 14, 2011, kameli87Zc2 Said:
hey rayensp..

I think you should check with CT and ask them if there is any affiliation. In that way, you will be able to know if its accepted or not and less hassle for you.
On Jun 14, 2011, glonojadbya Said:
rayensp.. I used mine in Holguin with no problems. I didn't use the credit card for several months now but I don't think anything has changed.
On Jun 14, 2011, rayensp Said:
Hi all, just wondering if canadian tire mastercard is accepted in varadero?
On Jun 13, 2011, claydon-sean Said:
I,too RoseLP54, had the Canadian Tire MasterCard. If one owns a house or a condo,this card is very good indeed. My reason for cancelling it concerned the
$5.00 monthly fee for the purchase protection and
extended warranty that is too expensive for me.
On Jun 13, 2011, RoseLP54 Said:
I have the Canadian Tire cash back Mastercard along with other credit cards. I am now shying away from using them as it seems every one of them want your business and offer cash back, points or miles.

What do you think of this?
On Jun 10, 2011, Antiquity Said:
Cassandra.. DirkDM41.. If you are looking for that perfect credit card to apply for, the first thing you should do is determine what your financial needs and goals are in using a credit card. in that way, when you’re looking for that perfect credit card, you’ll know exactly what the credit card must have and you can stay focused on this instead of being sidetracked by attractive deals and special features that you don’t really need.
On Jun 10, 2011, DirkDM41 Said:
Hello, Cassandra! You are completely right when you sat that such a vast number of credit cards make it very difficult for us to make a choice. I just love shopping which is why these cash back cards are the best solution. I think that they are great for many reasons. First of all, every month I get certain amounts of money on my account just because I have been using it. Secondly, my cash back card helps me pay off many bills. For example, sometimes I can use it for buying petrol, groceries, medicines… On other occasions, I use it tyo pay the electricity and water bills. These are just few things that I can remember at this moment. Good luck and hope you make the best possible decision about credit cards!
On Jun 7, 2011, Cassandra Said:
Hello, I’m a student from Ontario. I think that now is the right time to get a credit card instead of my old debit card due to the fact that I have got a scholarship. I know that there are many types of credit cards so I guess that it is not going to be so easy to decide on the best possible one. The fact that some friends have mentioned the cash back card makes it all the more difficult. Is there anyone who could tell me the reasons for their popularity? Are they really so good as people say? Thanks!
On Jun 7, 2011, jonathanpaul Said:
CCShopper.. What i meant is that it is not easy to decide which card to apply for since their are a lot of credit cards out in the market today. You can have a rewards card, travel card, cash back, low interest and others. It is not about having a good or bad credit.
On Jun 7, 2011, CCHelper Said:
MagneticCard.. I disagree with Jonathan... getting a credit card is relatively easy if you've got good credit... You can easily get a cash back card from one of the issuers by just applying.. the questions I've got are these: do you have good credit or bad credit? do you pay off your balance at the end of the month? or do you carry a balance from month to month?
On Jun 6, 2011, jonathanpaul Said:
Getting a new credit card is not an easy thing nowadays since we have so many options. One of the good features is cash back. Cash back is quite common for credit cards nowadays. You see, when you buy something using your credit card, some banks give you kind of a reward. You can get rewarding points or you can get some cash added to your balance. These cash back is usually between 0.5% and 2% but now some banks offer even 5% cash back. It is a good feature, so I would suggest you to take it into consideration when deciding which credit card to take.
On Jun 6, 2011, MagneticCard Said:
Hello everybody. I would appreciate if you could give me some help about credit cards. I am looking for a new credit card, so I am currently searching for the best deal. I heard something about cash back credit cards, but I don’t actually know what it is. Can you explain to me and tell me what are Best Cash Back Credit Cards?
On Jun 5, 2011, CCLurker Said:
I did a search for best cash back credit cards on youtube and didn't really find anything. there are alot of videos for credit cards in the u.s. but not canada... maybe that's a suggestion for the folks at Canadian-Money-aDvisor.ca!!

Antiquity, i agree with you.. it all depends on what people are going to use the credit cards for... if they want to save money, or pay for gas... personally i always like the cash.. I haven't found a gas retailer that works with Capital One here in New Brunswick
On Jun 4, 2011, Antiquity Said:
You might want to consider the Cap One cards that earn points instead of cash back. I can tell you from experience that points are nearly as good as cash back. The reason is that you can take 10,000 points and turn that into a $100 gas card or other kind of gift card that you are guaranteed to be able to burn through nearly as quickly as cash.
On Jun 3, 2011, stratford25 Said:
Oppss.. I think i need to think of getting a cash back card because there are times that i am not able to pay off my balance every month. I fell short of cash at times.

What other options do i have considering my situation?
On Jun 3, 2011, Monty Loree Said:
a cash back card will give you cash back, and a travel rewards is more for the person who likes to travel... their points amounts can be the same depending on the card.

i recommend that people only use cash back cards if they pay off their balance fully each month... if you don't pay off your balance each month and carry a balance, the interest will become too expensive... what i mean by this is the interest you pay will be more than the cash back rewards that you would accrue, making them expensive.

Do you pay off your balance at the end of the month? How do you know that you would be a good candidate for a cash back credit card in Canada?
On Jun 2, 2011, stratford25 Said:
does a cash back credit card give me more savings compared to having a rewards credit card?
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