Best Cashback Credit Cards

Credit card companies are offering several incentives to users in the year 2018 in an effort to capture their business. Given the many attractive rewards and cashback programs available, now may well be the perfect time to get a credit card. You can choose from a wide range of robust no fee and premium cash back credit cards that allow you to earn a percentage of the cash you spend on every purchase.

Table of Contents:

Advantages of The Best Cashback Credit Cards

One of the best advantages of the newest credit cards that banks are offering is that they are easy to use with transparent terms and conditions that most points programs don’t have. And, that makes them the best avenue for earning rewards regardless of whether you’re making large or small purchases. You can comfortably use them as primary or back-up credit cards and receive the cash back as a debit in your bank account or added to the statement of your bank credit.

At the time of signing up for these cashback credit cards, take care to check the specific categories in which you can avail of the cashback facility. By matching them to your usual spending habits, you can get the best benefits possible.

Top 3 Picks of The Best Cash Back Credit Cards for 2018

Read ahead for information about some of the best cashback credit cards available and their advantages:

MBNA Rewards World Elite® Mastercard® Credit Card

If you’re looking for the richest and most convenient cash back credit card that works on a flat rate, you can’t go wrong with the MBNA Rewards World Elite Mastercard. Here are the features you can use.

  • You’ll receive a flat 2% rate of cash back on purchases in all categories with no restrictions
  • You’ll pay an $89 annual fee for the first year you use the card, and this amount is balanced out by the welcome bonus of $100 that the company offers.
  • You’ll receive the bonus with the first activation purchase you make regardless of the value of the purchase.

Interest Rate

19.99%

Annual Fee

$89

Balance Transfer: 21.99%

Cash Advance: 24.99%

Sign-up Bonus

Receive 10,000 Bonus Points††

SimplyCash Preferred Card from American Express

American Express offers users the cashback facility by way of their SimplyCash Preferred Card. Here are some of the features you might like to know about:

  • You’ll pay a $99 annual fee that is offset by the 2% cash back you’ll receive on all purchases.
  • Simply by spending the small amount of $165 each month in the promotional time interval, you can cover the $99 annual fee. Once this interval is over, you only need to make purchases worth $412.5 each month to earn back the fee.
  • You’ll receive additional facilities and insurance such as baggage and flight delay, travel accident, province or country emergency medical expenses, and car rental.
  • Any items you purchase using the card automatically entitle you to a doubled manufacturer’s warranty period that lasts for a maximum of one year. You’ll also get insurance against theft and damage to the item.

Interest Rate

19.99%

Annual Fee

$99

Balance Transfer: 1.99%

Cash Advance: 22.99%

Sign-up Bonus

5% Cashback

Money-Back Credit Card from Tangerine

Users of the Money-Back Credit Card can’t stop talking this latest offering from Tangerine that combines smart benefits, state-of-the-art facilities, and clarity in operations. Here’s how:

  • You won’t pay any annual fee.
  • You’ll receive the cash back at the end of the month in place of the year-end redemption as with other cards.
  • You can choose 2 additional bonus categories to earn 2% cash back. Further, if the cash goes back into the Tangerine account, you get 3 categories.
  • Purchases in all other categories earn you 0.5% cash back.
  • There are no other terms and conditions.

Interest Rate

19.95%

Annual Fee

No Annual Fee

Balance Transfer: 3% of amount transferred**

Cash Advance: 19.95%

Sign-up Bonus

3% Balance Transfer & Earn 2% Money-Back Rewards on purchases

How to Take Advantage of the Credit Card Cash Back Program

With some smart thinking, you can make the most of the cashback programs and get the best benefits.

  • Stacking is where you buy a bunch of cash back cards and use the specific one that earns you the most cash back on a particular purchase. Spread your expenses across different cards and earn back the maximum possible without paying any fee. Here’s how to use the no-fee cash back cards.
    • By using the President’s Choice Mastercard World Elite, you earn 3 cents at Esso, and 3% each when shopping at Shoppers Drug Mart and Loblaws.
    • By using the Rogers Mastercard, you earn 1.75% on all purchases with an additional 4% on foreign transactions.
    • By using the Tangerine card, you’ll get back 2% cash back on public transport, diners and restaurants, and other regular expenses.
  • Yet another strategy is making the most purchases on a card during its promotional period. For instance, the PC Mastercard World Elite may offer you a 3% cashback rate. But, it makes sense to use the Amex SimplyCash card for 6 months and avail of its 5% cashback rate.

Why You Should Use Cashback Cards

If you’ve been looking for more than just points and miles as rewards, it just might be time to think about using cashback cards. Even if you’ve been using debit cards, you most likely pay a charge for using it. On the flipside, using the cashback cards rewards you with a percentage on every purchase making them a far more viable option. You can also make use of the other benefits banks are offering you such as zero-fee cards, various promotional period offers, and waivers on the fees for the first year.

And, that makes cashback cards the best option for users today!




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20 Results

Interest Rate

19.95%

Annual Fee

No Annual Fee

Balance Transfer: 3% of amount transferred**

Cash Advance: 19.95%

Sign-up Bonus

3% Balance Transfer & Earn 2% Money-Back Rewards on purchases

Interest Rate

19.99%

Annual Fee

$89

Balance Transfer: 21.99%

Cash Advance: 24.99%

Sign-up Bonus

Receive 10,000 Bonus Points††


Interest Rate

19.99%

Annual Fee

No Annual Fee

Balance Transfer: 21.99%

Cash Advance: 24.99%

Sign-up Bonus

5,000 bonus MBNA Rewards points

Interest Rate

19.99%

Annual Fee

No Annual Fee

Balance Transfer: 1.99%

Cash Advance: 22.99%

Sign-up Bonus

5% Cashback & 1.99% Balance Transfer for first 6 months

Interest Rate

19.99%

Annual Fee

No Annual Fee

Balance Transfer: 22.99%

Cash Advance: 22.99%

Sign-up Bonus

Interest Rate

19.99%

Annual Fee

$99

Balance Transfer: 1.99%

Cash Advance: 22.99%

Sign-up Bonus

5% Cashback

Interest Rate

19.99%

Annual Fee

$0

Balance Transfer: 21.99%

Cash Advance: 21.99%

Sign-up Bonus

N/A

Interest Rate

19.9%

Annual Fee

$79

Balance Transfer:

Cash Advance: 22.99%

Sign-up Bonus

Earn 1.25% CashBack rewards on your credit card purchases

Interest Rate

19.9%

Annual Fee

No Annual Fee

Balance Transfer: 19.9%

Cash Advance: 22.99%

Sign-up Bonus

Get 2% cash back for the first six month

Interest Rate

19.99%

Annual Fee

$120

Balance Transfer:

Cash Advance: 22.99%

Sign-up Bonus

Get up to $150 in cash back Bonuses. Offer Details**

Interest Rate

19.99%

Annual Fee

$0

Balance Transfer:

Cash Advance: 22.99%

Sign-up Bonus

$60 in cash back Bonuses

Interest Rate

19.99%

Annual Fee

$99

Balance Transfer:

Cash Advance: 22.99%

Sign-up Bonus

N/A

Interest Rate

19.99%

Annual Fee

$0

Balance Transfer:

Cash Advance: 22.99%

Sign-up Bonus

N/A

Interest Rate

19.99%

Annual Fee

No Annual Fee*

Balance Transfer:

Cash Advance:

Sign-up Bonus

$35 in cash back

Interest Rate

19.99%

Annual Fee

First Year Free

Balance Transfer: 22.99%

Cash Advance: 22.99%

Sign-up Bonus

4% cash back on gas + groceries

Interest Rate

19.99%

Annual Fee

First Year Free

Balance Transfer: 3.99% Special†

Cash Advance: 22.99%

Sign-up Bonus

Introductory 3.99% on Balance transfers for the first six months†. Plus No Annual Fees for 1st year

Interest Rate

19.99%

Annual Fee

No Annual Fee

Balance Transfer: 7.99% Special†

Cash Advance: 22.99%

Sign-up Bonus

Introductory 7.99% on Balance transfers for the first six months†.

Interest Rate

19.99%

Annual Fee

$19

Balance Transfer: 21.99%

Cash Advance: 21.99%

Sign-up Bonus

N/A

Interest Rate

19.99%

Annual Fee

0

Balance Transfer: 21.99%

Cash Advance: 21.99%

Sign-up Bonus

N/A

Interest Rate

19.99%

Annual Fee

0

Balance Transfer: 21.99%

Cash Advance: 21.99%

Sign-up Bonus

N/A

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