1% cash back

1% cash back

1% cash back

products and services and the latest

information regarding available

INCENTIVE REWARDS, CASH BACK

REBATES, REFUNDS and DISCOUNTS

Apply Now for a 0% Intro APR Visa. Load up on Cash Back with a 50% bonus every year

Blue Cash Everyday ® Card from American Express. Cash Back, No Annual Fee

Get a $100 bonus cash back offer when you apply today

Earn $100 Bonus Cash Back after you spend $500 in your first 3 months from account opening

Earn Cash Back TWICE with 1% cash back on purchases and 1% cash back as you pay for those purchases.

www. 1800CashBack .com

1-800-CASHBACK ® and 1800CashBack.com ® are Registered

Trademarks of Creative Marketing Associates, Inc.


1% cash back

1% cash back

products and services and the latest

information regarding available

INCENTIVE REWARDS, CASH BACK

REBATES, REFUNDS and DISCOUNTS

Apply Now for a 0% Intro APR Visa. Load up on Cash Back with a 50% bonus every year

Blue Cash Everyday ® Card from American Express. Cash Back, No Annual Fee

Get a $100 bonus cash back offer when you apply today

Earn $100 Bonus Cash Back after you spend $500 in your first 3 months from account opening

Earn Cash Back TWICE with 1% cash back on purchases and 1% cash back as you pay for those purchases.

www. 1800CashBack .com

1-800-CASHBACK ® and 1800CashBack.com ® are Registered

Trademarks of Creative Marketing Associates, Inc.


5 Best Cash Back Rewards Credit Cards in Canada

Cash Back Rewards Credit Cards

Cash back rewards credit cards are great cards for people who like simplicity in their rewards. You know the value of your rewards and can easily calculate a return on your spending if you have a cash back card. In Canada, it would appear that the cash back cards are less rewarding than their siblings, the “Fixed-Value” rewards cards.

In this category, we have the Scotia Amex Gold card well ahead of the competition, then a few cards that are pretty much neck and neck as 2% return cards. The top 5 get rounded out with the TD First Class Infinite Visa, which can be a competitive card if you bank with TD and you can get your annual fee waived.

The Top 5 Cash Back Credit Cards in Canada are:

Cash back rewards credit cards are those that give you your rewards in the form of (obviously) cash or statement credit. There are different ways that the rewards can be submitted to you. There are 2 key aspects, other than the cash back rate, that will make a cash back card better or worse:

  • Minimum amount of rewards required to redeem
  • Automatic redemption of rewards or user-initiated rewards redemption

On one end of the spectrum, the full amount of your award can come in as a statement credit automatically on a certain date. On the other end of the spectrum, some cash back cards require the cardholder to request a cheque / statement credit and can only do so after a minimum amount of rewards has been earned. Obviously the easier it is to redeem the rewards, and get all of your rewards in your hand, the better the card.

Cash Back Cards vs Fixed Value Rewards Cards

Something to think about is that the Fixed Value Rewards cards are very similar to the Cash Back credit cards. As a result, I have decided to put together some restrictions to delineate the difference.

A cash back card has the following requirements:

  • You don’t need a specific purchase to release your rewards
  • $50 or more in rewards can be redeemed for the best rate

Some examples of Fixed Value Rewards cards:

  • The Scotiabank American Express Gold card requires a travel purchase to release the rewards
  • The MBNA World Elite points can be redeemed against a minimum $100 travel purchase at the best rate but can be redeemed for $250 statement credit at the best rate