Cash back credit cards are a popular alternative to travel or rewards based cards, but finding the best cash back credit cards in Canada can be difficult. Typically the credit cards that pay the best cash back have an annual fee attached to them, but with a little bit of research you can find some that don’t. We’ve pulled together three of our favourite no fee credit cards in Canada that offer terrific cash back below.
BMO CashBack Credit Card: This BMO card is one of the best no fee cash back credit cards in Canada because it offers up to 3% cash back on grocery purchases, 1% cash back on recurring bill payments and 0.5% cash back on all other purchases.
Tangerine Money-Back Credit Card: Another of the best no fee credit cards in Canada is this popular one from Tangerine. It offers 2% Money-Back Rewards on everyday purchases in two 2% Money-Back Categories of your choice, and 0.50% Money-Back Rewards on all your other everyday purchases. Categories include grocery, gas and drugstores. Rewards are paid out monthly to your savings account or applied to your credit card balance.
American Express SimplyCash Card: If you are looking for a simple option, this no fee credit card is one of the best in Canada because it allows you to earn 1.25% cash back on all purchases. New cardholders earn 2.5% cash back in their first three months (up to $150 cash back).