Get a $50 Cash Bonus
Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first year*
Offer valid until: Nov 30th, 2024
Find the right credit card.
Get StartedCashSurge increases the value of credit cards by introducing an additional cash bonus. We’ll pay you up to $150 every time you are approved for a CashSurge credit card.
Get a $50 Cash Bonus
Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first year*
Offer valid until: Nov 30th, 2024
Get a $50 Cash Bonus
Get up to 60,000 points worth $400 in travel rewards, a $50 anniversary lifestyle credit and the $120 annual fee waived in your first year – that's a $570 value achieved by your first anniversary.
Offer valid until: Nov 30th, 2024
Get a $50 Cash Bonus
Get 20,000 points when you spend $1,500 in the first 3 months - that's a $133 value!* Plus, earn up to 5,000 bonus points every year.
Get a 0.99% introductory interest rate on Balance Transfers for 9 months, 2% fee applies to balance amounts transferred.*
Offer valid until: Nov 30th, 2024
Get a $50 Cash Bonus
$60 cash back when you make a mobile wallet purchase within the first 90 days and 6 automatic payments within the first 8 months for your Rogers, Fido or Shaw postpaid service.
Offer valid until: Nov 30th, 2024
Get a $50 Cash Bonus
Earn 5% cash back for your first 3 months (up to $2,500 in spending). Plus, get a 0.99% introductory interest rate on Balance Transfers for 9 months, 2% fee applies to balance amounts transferred.*
Offer valid until: Nov 30th, 2024
Focus On
When you compare cash back credit cards, look at the rewards rates they offer relative to their annual fees. Some cards have great rewards rates that let you earn at least 2% cash back but then charge a big annual fee. You'd have to spend a lot of money on a card like that to make the premium rewards rate worthwhile.
Savvy shoppers should estimate how much money they'll spend with their cash back credit card each year and choose a card accordingly. Big spenders will benefit from premium cash back cards offering high rewards rates. Lower to middle-income consumers will find that standard cash back cards make more sense.
You should also think about the kind of items you spend money on each month. Many cash back cards offer higher rewards rates for certain categories of purchases, like gas, groceries, and recurring bills. If you spend a lot of money on one type of item, look for a cash back card that gives you an optimal rewards rate on it.
Check out our table below to see the rewards rates and benefits on some of our most popular cash back cards:
We put a selection of cash back credit cards head-to-head in the graph below so you can see which one comes out ahead based on the amount of money you spend annually.
A note on methodology: Because cash back rewards rates vary based on what you're buying, we used a weighted basket to represent the average cardholder's monthly spending:
This basket represents up to $60,000 of spending, beyond which all purchases are categorized as 'other'. After all, most families only spend so much money per year on gas, groceries, and recurring bills, no matter how big their budget is. We also included the annual fees on each card and stripped out introductory or promotional offers. Now you can get a better idea of how each card will reward you over the long term.
The graph is clear: premium cash back offerings come out ahead if you spend more than $20,000 per year on your card. If you spend less, lower-tier cards with no annual fee are a better option.
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The appeal of a cash back rewards card is easy to understand. Who doesn't like earning cash as they spend money on their credit card? With better cash back credit cards available today than ever before, it's easy to find the perfect card — especially if you compare your options right here at LowestRates.ca.
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