9 Cashback Credit Cards with Generous Earn Rates and Add Ons
Financial institutions such as BMO, Scotiabank, RBC, and others offer cashback credit cards with perks such as free money, discounts, and generous earn rates. Premium cards feature added benefits such as roadside assistance, concierge service, luggage protection, easy returns, and many others. See more credit cards in this post written by Sam @ https://www.lifeoncredit.ca/ : https://www.lifeoncredit.ca/top-6-credit-cards-for-bad-credit-in-canada/
Scotia Momentum Visa Infinite
The best thing about this Visa card is the fact that grocery store and gas purchases earn 4 percent cash back. Recurring bill payments and drug store purchases earn 2 percent. 1 percent cash back is offered on all other purchases.
• Interest rate: 19.99 percent
• Introductory rate: 1.99 percent
• Introductory period: 6 months
• Grace period: 21 days
Aspire Cash Platinum MasterCard
This card offers multiple travel, everyday, and other benefits, including travel assistance, baggage delay coverage, purchase protection, and cash back on supplementary cards. Customers earn 1 percent back on eligible everyday purchases, and there is no limit to the rewards that can be earned. In addition to cash rewards, the card has no annual fee and goes with a standard rate of 16.8 percent on cash advances, purchases, and balance transfers. This is a great choice for customers with average credit given that issuers offering cash back cards often require stellar credit.
RBC Cash Back
RBC offers a cash back card with a low annual fee of $19 and a standard rate of 19.99 percent. Additional cards have no annual fee. Travelers cheques are also offered commission-free. Added benefits include travel insurance and Visa payWave. All purchases made on the card earn 1 percent back. RBC also offers a cash back MasterCard with no annual fee. The bank advertises a generous 2 percent cash back on groceries. Customers earn 1 percent on all other purchases.
Scotia Momentum Visa
Scotiabank features a cash back card that offers 2 percent back on recurring bills, drug store purchases, groceries, and gas station purchases. Holders earn 1 percent on regular purchases and benefit from add-ons such as credit card checks, discounts on car rentals, and optional card protection. There is an option to order supplementary cards.
• Intro rate: 1.99 percent
• Regular rate: 19.99 percent
• Credit limit: $500 or higher
• Annual fee: $39
• Interest-free period: 21 days
MBNA Smart Cash Platinum
This is a great premium card with generous cash back on selected purchases. Groceries and gas purchases earn 5 percent back during the intro period (the first 6 months). Customers earn 2 percent back once the introductory period is over. Regular purchases earn 1 percent back. This card is also a great choice if you are looking for a low-interest option to transfer existing high-interest balances. MBNA features a low rate of 1.99 percent during the promotional period (first 10 months).
Costco True Earnings Card
This card offers cash back at a tiered rate, and holders earn 2 percent on dining and travel purchases. Three percent back is offered on gasoline and gas purchases at Costco. Customers are also offered travel, entertainment, and shopping rewards, including pre-sales and discounts on concert tickets and sporting events, travel accident and car rental loss coverage, and more.
• Interest rate: 15.24 percent
• Intro rate: 0 percent during the first 6 months
• Annual fee: none
This is yet another option to earn points on everyday purchases, including groceries, flight and vacation deals, hotel accommodation, and more. PCtravel travel purchases earn 20 points per $1 spent while regular purchases earn 10 points. The interest rate is 19.97 percent, and there is a promotional rate of 0.97 percent on balance transfers. Customers benefit from no annual fee and add-ons such as balance transfer protection.
BMO Cash Back World
BMO customers earn money back on everyday purchases at a rate of 1.25 percent. The card goes with an annual fee of $79 percent and interest rate of 19.9 percent. Gas purchases at Shell locations and car rentals at select partners earn 3 percent back. Cardholders also benefit from complimentary roadside assistance, concierge services, and other add-ons. There are minimum income requirements – $100,000 household income or $60,000 individual income.
TD Rebate Rewards
Toronto-Dominion also features a cashback option, but it is no longer available to new customers. The card goes with multiple benefits such as 1 percent back on net annual purchases over $3,000. Optional extras include travel medical insurance, preferred rates on car rentals, and others.