Cash Back Credit Cards

Best Credit Cards in Category

Interest Rate

Annual Fee

Credit Required

Apply

	Capital One - Cash Back Gold MasterCard® Earn cash back quickly and pay no annual fee	19.80%	$0	Good Credit	Apply

	Capital One - Cash Back Plus Platinum MasterCard® Earn cash back quickly!	19.80%	$99	Excellent Credit	Apply

	MBNA - PremierRewards® MasterCard® 1% back on all net retail purchases	19.99%	$0	Good Credit	Apply

	CIBC - Dividend Platinum Card You can earn up to 2% in cash dividends, up to $735 annually!	19.50%	$79	Excellent Credit	Apply

How Do Cash Reward Credit Cards Work?

For every purchase you make on a cash back credit card you will earn a small percentage in cash rewards. Some companies will allow you to redeem your rewards when you reach a certain threshold, such as $15, while others simply credit your account once each year. It is important to note that cash back credit cards typically have higher interest rates than non-reward cards. So if you carry a monthly balance, then a low rate card may be a better option.

What's the Best Cash Back Credit Card?

There are several things to look at when comparing cash back credit cards. First is the cash reward percentage that you earn on each purchase. These typically range from 0.5% up to 2% cash back on speciality purchases - such as gas and groceries. Some cards carry an annual fee that will have a net impact on your earnings. Since each person's spending habits differ, it's best to analyze the details of each card to determine which cash back cards will have the most earning potential.

Can I get a US Cash Back Card in Canada?

Some US based cash back cards offer higher rewards than those in Canada. However, to be approved for a US card, you must reside in the States. While companies such as Capital One operate in both the US and Canada, they offer different products for each region. These cash back credit cards are the most popular in Canada.