subject: Top Free Cash Back Credit Cards in Canada [print this page] After a little research on the free (with noannual fee) cash back credit cards in Canada, i found what I think are the best free Cash Back Credit Card in Canada.
MBNA Smart Cash Platinum Plus up to 5% cash back
* 5.00% cash back on qualifying net retail gas and grocery purchases for the first 6 months
* 3.00% cash back on qualifying net retail gas and grocery purchases thereafter
* 1.00% cash back for all other qualifying net retail purchases
* no cash back limit
* Up to $1,000,000 in common carrier travel accident insurance
* Interest rate: 19.99%
Canadian Tire Cash Advantage MasterCard up to 1.5% cash back
* 0.25% cash back on the first $1,500 purchases
* 0.50% cash back on purchases above $1,500 and up to $3,000
* 1.00% cash back on purchases above $3,000
* 1.50% cash back on purchases above $24,000
* 3.00% cash back at Canadian Tire
* no cash back limit
* Interest rate: 19.99%
* Additional cards: Free
American Express Costco TrueEarnings Card up to 1% cash back
* 0.25% cash back up to $1,000
* 0.50% cash back on the next $2,000
* 1.00% cash back on any amount over $3,000
* 2.00% cash back on eligible gas purchases
* 2.00% cash back up to $3,000 annually
* 1.00% cash back on any amount over $3,000
* 3.00% cash back on eligible restaurant purchases
* $100,000 Travel Accident Insurance
* Interest rate: 19.75%
* Additional cards: Free
MBNA Premier Rewards Platinum Plus MasterCard up to 1% cash back
* 1.00% back on all net retail purchases
* no cash back limit
* Interest rate: 19.99%
Capital One Cash Back Gold MasterCard up to 1% cash back
* 0.50% cash back on the first $3,000
* 1.00% cash back on amount above $3,000
* no cash back limit
* Interest rate: 19.80%
* Additional cards: Free
Scotiabank No-Fee Scotia Moneyback VISA Card up to 1% Moneyback
* 0.25% cash back on the first $1,500
* 0.50% cash back on the next $1,500
* 1.00% cash back on any amount over $3,000
* no cash back limit
* Save with discounts of up to 20% at participating AVIS car rental locations
* Interest rate: 19.50%
CIBC Dividend Card up to 1% cash back
* 0.25% cash back for net annual purchases up to $1,500
* 0.50% cash back for net annual purchases from $1,500.01 to $3,000
* 1.00% cash back for net annual purchases over $3,000
* no cash back limit
* $100,000 Common Carrier Accident Insurance
* AVIS car rental discounts up to 20% on at participating locations
* Interest rate: 19.50%
* Additional cards: Free, up to 3 cards maximum
TD Rebate Rewards Visa Card up to 1% cash back
* 0.50% cash reward on the first $3,000 in net annual purchases
* cash reward on your net annual purchases over $3,000
* maximum annual purchase limit of $25,000
* Interest rate: 19.99%
* Additional cards: Free
Spend around $36k/year on credit card:
* MBNA Smart Cash Platinum Plus: $540 (assuming max out gas/groceries of $500/month)
