Cash back credit cards are a popular alternative to travel or rewards-based credit cards. There are many cash back cards with and without annual fees, but for those that don’t want to pay an annual fee (but still want great cash back), we’ve pulled together three of our favourite no-fee cash back credit cards below.
BMO CashBack Credit Card: This no-fee cash back card offers up 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: This popular, no-fee card 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 credit card balance.
American Express SimplyCash Card: Truly a simple option, this no-fee card 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).