Search
Navigation：Fitt News>Credit Cards>Detail

What Are the Best Cash Back Credit Cards in Canada?

Sophia FloerschVerified
872 Views0 CommentsFeedback
Summary：Discover the top cash back credit cards in Canada and their features to help you make an informed decision. Earn rewards on everyday purchases and save money with the right card.

Cash back credit cards are becoming increasingly popular in Canada as they offer a convenient way to earn rewards on everyday purchases. With so many options available, it can be overwhelming to choose the best one. In this article, we will explore the topcash back credit cardsin Canada and their features to help you make an informed decision.

Scotiabank Momentum Visa Infinite Card

The Scotiabank Momentum Visa Infinite Card is a popular choice for Canadians looking for a cash back credit card. It offers 4% cash back on eligible grocery and recurring bill payments, 2% cash back on eligible gas and daily transit purchases, and 1% cash back on all other purchases. With a $99 annual fee, it also includes travel insurance and a concierge service.

TD Cash Back Visa Infinite Card

The TD Cash Back Visa Infinite Card is another great option for earningcash back rewards. It offers 3% cash back on eligible gas, grocery, and recurring bill payments, and 1% cash back on all other purchases. With an annual fee of $120, it also includes travel insurance and a variety of other perks such as airport lounge access.

BMO CashBack World Elite Mastercard

The BMO CashBack World Elite Mastercard is a premium cash back credit card that offers 1.5% cash back on all purchases. It also includes a variety of travel and shopping benefits, such as travel insurance, car rental discounts, and purchase protection. With an annual fee of $120, it is a great option for frequent travelers and big spenders.

CIBC Dividend Visa Infinite Card

The CIBC Dividend Visa Infinite Card is a versatile cash back credit card that offers 4% cash back on eligible gas and grocery purchases, 2% cash back on eligible Tim Hortons and TELUS purchases, and 1% cash back on all other purchases. With an annual fee of $99, it also offers travel insurance and a concierge service.

Tips for Applying for a Cash Back Credit Card

When applying for a cash back credit card, it is important to consider your spending habits and needs. Look for a card that offers cash back rewards on the purchases you make most frequently, and make sure the annual fee and interest rates fit your budget. It is also a good idea to read the fine print and understand the card’s terms and conditions, such as the minimum spend required to earn rewards and any restrictions on redeeming rewards.

Saving Money with a Cash Back Credit Card

Using a cash back credit card can help you save money on everyday purchases. By earning cash back rewards on your spending, you can offset the cost of future purchases or even pay off your balance. To maximize your savings, try to use your card for all eligible purchases and pay off your balance in full each month to avoid interest charges.

Avoiding Fees and Risks with a Cash Back Credit Card

While cash back credit cards can be a great way to earn rewards, it is important to be aware of the potential risks and fees involved. Late payments, cash advances, and balance transfers can all result in fees and penalties, so it is important to read the terms and conditions of your card carefully. It is also a good idea to monitor your credit score regularly and report any suspicious activity on your card to your issuer immediately.

Conclusion

Cash back credit cards are a great way to earn rewards on everyday purchases in Canada. By choosing the right card and using it responsibly, you can save money and earn valuable rewards. Remember to consider your spending habits and needs, read the fine print, and monitor your account regularly to make the most of your cash back credit card.

Disclaimer: the above content belongs to the author's personal point of view, copyright belongs to the original author, does not represent the position of Fitt News! This article is published for information reference only and is not used for any commercial purpose. If there is any infringement or content discrepancy, please contact us to deal with it, thank you for your cooperation!
credit cards canada cash backcash back credit cardsCanada rewards cardscash back rewardsbest credit cards
Link:https://www.newsfitt.com/creditcards/2319.htmlShare the Link with Your Friends.
Prev：How High Can Gala's Value Soar in the Cryptocurrency Market?Next：What makes Shriram Transport Finance a top player in the industry?

Article review

Related Topics

  • What is the Best Secure Credit Card Wallet?

    Choosing a safe wallet for credit cards is crucial for protecting your information. Look for wallets with RFID protection, durable material, and capacity. Apply for credit cards with good terms, and monitor your credit report regularly.

  • What are the Best Low Interest Credit Cards in Canada?

    Looking for the lowest interest credit cards in Canada? Check out these top options, including MBNA True Line Mastercard and Tangerine Money-Back Credit Card. Choose the right one for you based on interest rate, annual fee and rewards.

  • What You Need to Know About Marriott Credit Cards

    Discover the exclusive benefits and rewards of Marriott Credit Cards for Marriott Rewards members. Earn points, free nights, elite status, and more. Apply now!

  • When Are Credit Card APR Payments Due?

    APR payments on credit cards vary depending on the issuer and terms of the agreement. Late payments can result in fees and impact credit scores. Tips on avoiding pitfalls and optimizing rewards.

  • What Factors Determine Credit Card Minimum Payments?

    Learn how credit cards determine minimum payments based on factors such as balance, interest rates, payment history, and promotional offers. Manage your payments wisely to avoid high-interest charges and maintain a good credit score.

  • How to Redeem HDFC Credit Card Points: A Guide

    Learn how to redeem your HDFC credit card points for rewards such as merchandise, gift vouchers, air miles, hotel stays, and cashback. Maximize your points with these tips.

  • What Are the Best Penny Stocks to Buy Now?

    Discover the top penny stocks to buy now, including technology, healthcare, and energy sectors. While penny stocks can be high-risk investments, they offer potential for high returns if you choose wisely.

  • What Are the Top Nuclear Energy Stocks?

    Looking to invest in nuclear energy stocks? Check out top picks such as Exelon, NextEra Energy, and Dominion Energy, and learn about investment strategies for the sector.

  • What Determines the Types of Properties?

    Location, investment strategy, budget, market conditions, and investment experience are key determinants of the types of properties to invest in. Careful consideration of these factors is crucial for making informed investment decisions.

  • What happens when your insurance policy lapses?

    Understand the consequences of an insurance policy lapse. Losing benefits and protection, policy cancellation, and rejection of claims are some of the outcomes. Avoid lapsing by paying premiums on time and reviewing the policy regularly.

  • What Are the Top Finance Careers?

    Explore top finance careers, including accounting, banking, investing, and insurance. Gain insights into the skills and education required for each role.

  • What Are the Best Credit Cards for a 650 Credit Score?

    Discover the best credit cards for a 650 credit score, including secured, rewards, balance transfer, and student cards. Tips for managing credit and saving money also provided.