Canadian Credit Card Rates, Reviews & Applications
| APR | Annual Fee | Balance Transfer Rate | Balance Transfer Fee | Credit Required | |||
|---|---|---|---|---|---|---|---|
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MBNA Smart Cash MasterCard Review Get up to 5% cash back on qualifying net retail gas and grocery purchases for the first 6 months†† |
19.99% | $0 | 1.99% for 10 months | 1% | Good Credit | Apply |
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MBNA PremierRewards® MasterCard® Review 1% back on all net retail purchases |
19.99% | $0 | 19.99% | 1% | Good Credit | Apply |
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Capital One Aspire Cash™ World MasterCard® Review 1.5% cash rewards on all purchases |
Prime + 16.80% | $120 | 19.80% | 0% with application | Excellent | Apply |
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Capital One Aspire Cash™ Platinum MasterCard® Review Earn cash rewards and pay no annual fee! |
Prime + 16.80% | $0 | 19.80% | 0% with application | Good Credit | Apply |
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Capital One Cash Gold MasterCard® Review 1% cash rewards on all of your purchases |
21.90% | $39 | 21.90% | 0% with application | Establish Credit | Apply |
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CIBC Dividend Card Review Earn up to 1% cash back on net purchases |
19.99% | $0 | 21.50% | 1% | Good Credit | Apply |
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BMO Premium CashBack MasterCard Review 1% CashBack on every card purchase |
19.50% | $49 | 19.5% | n/a | Excellent Credit | Apply |
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CIBC Dividend Platinum Card Review You can earn up to 2% in cash dividends, up to $735 annually! |
19.99% | $79 | 21.50% | 1% | Excellent Credit | Apply |
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Canadian Tire Cash Advantage MasterCard Review Earn up to 1.5% cash back on all your eligible purchases |
25.99% | $0 | n/a | n/a | Good Credit | Apply |
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BMO CashBack MasterCard Review Earn CashBack and pay no annual fee |
19.50% | $0 | 19.5% | n/a | Good Credit | Apply |
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BMO SPC CashBack MasterCard Review Get discounts at hundreds of SPC Card retail & restaurant locations across Canada and earn CashBack on every dollar you spend |
19.50% | $0 | 19.5% | n/a | Good Credit | Apply |
Cash Back cards offer great incentives for the savvy spender. With cash back programs, you can earn up to 1% back on purchases or up to 5% in certain categories. That means, for every dollar you spend, you receive a certain portion back in the form of cash rewards. Many companies will automatically deposit your cash reward into your account each year, but you can also request to redeem them as well.
Cash Back reward cards are best suited for individuals who use credit for everyday purchases and who pay off their balance each month. Since cash back cards typically have higher interest rates, it's important not to carry a balance. If you frequently use a credit card to buy groceries, gas, or other 'everyday' items, you might consider a cash back card with category bonuses so you can start earning more rewards on those purchases.
When it comes to rewards cards, maximizing your earnings is the name of the game. Your spending habits should dictate what type of credit card to get. If you travel frequently, an airline rewards card might be a good choice. If you like redeeming points for merchandise or gift cards, choose a points based card. If you think cash is king, the choice is obvious.
How to Get Your Credit Card’s Interest Rates Lowered