Cash Back Credit Cards

Cash Back credit cards offer great incentives for the savvy spender. For every dollar you spend, you receive a certain portion back in the form of cash rewards – generally around 1% of your purchases. Look for cards that offer percentage bonuses in shopping categories that match your spending habits. Cash Back reward cards are best suited for people who use their credit card for everyday purchases, but pay off the balance each month.

  • Choose a cash back card if you want a simple, no hassle rewards program.
  • Take advantage of bonuses that allow you to earn more cash back in select spending categories. These bonuses can really add up!
  • Choose a low rate card if you plan on carrying a monthly balance or are financing a major purchase.
Showing 8 - 14 of 15 cards | View All
  • Earn 10% on all purchases for the first 3 months1 up to a total spend of $2,000. Plus, pay no annual fee1 for the first year. Conditions apply. Offer ends December 1, 2019. This offer is not available for residents of Quebec. For Quebec residents, please click here.
  • Earn 3% in Cash Back Dollars on eligible grocery Purchases and gas Purchases3, and on regularly recurring bill payments4 set up on your Account
  • Earn 1% in Cash Back Dollars on all other Purchases made with your Card5
  • Redeem your Cash Back Dollars to help pay down your Account balance whenever you please (minimum amount of $25) - the choice is yours!6
  • Your Cash Back Dollars never expire as long as your account is open and in good standing.
  • Emergency Road Services with the Deluxe TD Auto Club Membership7
  • Travel with confidence with Travel Medical Insurance8
  • Complimentary Visa Infinite® Concierge service9 available 24/7
  • Sponsored advertising. The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this TD credit card, please click on the Apply Now button.

1 Welcome Bonus: Must apply by December 1, 2019. Welcome Bonus of 10% in Cash Back Dollars ("Welcome Bonus Rebate") applies to new TD Cash Back Visa Infinite Accounts ("Account") in the first 3 months of Account opening ("First 3 Months") to a maximum total collective spend of $2000 ("Welcome Bonus Cap") on all purchases charged to your TD Cash Back Credit Card Account ("Account"), and recurring bill payments set up on your Account ("Pre-Authorized Payments"). Rebate of the Annual Fee for the first year is for the Primary Cardholder only and will occur when you have applied for an Account by December 1, 2019. Rebate will be applied within 2 monthly statements from the date of Account opening. The Annual Fee for any Authorized User Cards added to the Account continues to apply. Any returned items, refunds, rebates or other similar credits on any Purchases or Pre-Authorized Payment made during the First 3 Months will reduce or cancel the Cash Back Dollars earned at the Welcome Bonus Rebate on the original Purchase or Pre-Authorized Payment, as applicable. Welcome Bonus Cap: Once the Welcome Bonus Cap is reached, any further Purchases and Pre-Authorized Payments made in the First 3 Months will earn Cash Back Dollars at the regular accelerated 3% rebate that applies to each of Gas Purchases, Grocery Purchases and Pre-Authorized Payments as set out in your Cardholder Agreement ("Accelerated Rebate"). All additional other purchases (“Other Purchases”) made in the First 3 Months will earn Cash Back Dollars at the regular rate of 1% rebate that applies each Other Purchase. Applicability of Welcome Bonus Rebate: Welcome Bonus Rebate is in place of, and not in addition to, the Accelerated Rebate. $15,000 Cap on each of Gas Purchases, Grocery Purchases and Pre-Authorized Payments: After the First 3 Months, the Accelerated Rebate will apply to all Gas Purchases, Grocery Purchases and Pre-Authorized Payments charged to your Account up to a $15,000 maximum net annual spend ("$15,000 Cap") for each of Gas Purchases, Grocery Purchases and Pre-Authorized Payments. Once the $15,000 Cap is reached for any of Gas Purchases, Grocery Purchases or Pre-Authorized Payments, then any further Gas Purchases, Grocery Purchases and Pre-Authorized Payments made on the Account will only earn Cash Back Dollars at the standard rebate of 1% that applies to all other Purchases on the Account as set out in your Cardholder Agreement. First Year Reduction of $15,000 Cap: During the first year that the Account is open, the $15,000 Cap for each of Gas Purchases, Grocery Purchases and Pre-Authorized Payments will be reduced by the actual corresponding amount of Gas Purchases, Grocery Purchases and Pre-Authorized Payments made in the First 3 Months. For example, if you spend $2,000 in Gas Purchases in the First 3 Months, the $15,000 Cap for Gas Purchases will be reduced by $2,000 to $13,000 for the remaining 9 months of the first year the Account is open. Merchant Category Codes: To earn the Welcome Bonus Rebate on Gas Purchases and Grocery Purchases, the Gas Purchase or Grocery Purchase must be made at merchants classified through the Visa network with a Merchant Category Code ("MCC") that identifies them in the "gas" or "grocery" category. Some merchants may sell gas or gas station services or products, or groceries or grocery items, or have separate merchants located on their premises that also sell gas or gas station services or products, or groceries or grocery items, but may not be classified with a gas or grocery MCC and such Purchases will not earn the Welcome Bonus Rebate. If you have questions about the MCC that applies to a Purchase, contact TD at 1-800-983-8472. Other Conditions: Welcome Bonus may be changed, withdrawn or extended at any time and cannot be combined with any other offer unless otherwise indicated.

2 Primary Cardholder remains liable for all charges to the Account, including those made by any Authorized User. Maximum of 3 Authorized User Cards on the Account.

3 Earn 3% in Cash Back Dollars ("Gas Rebate") for each $1.00 in Purchases of gas or gas station services or products ("Gas Purchases") charged to your TD Cash Back Credit Card Account ("Account") and earn 3% in Cash Back Dollars ("Grocery Rebate") for each $1.00 in Purchases of groceries or grocery items ("Grocery Purchases") charged to your Account. Any returned items, refunds, rebates or other similar credits will reduce or cancel the Cash Back Dollars earned on the original Gas Purchase or Grocery Purchase, as applicable. $15,000 Cap: Each of the Gas Rebate and the Grocery Rebate is only available to a $15,000 maximum net annual spend ("$15,000 Cap"). Once the $15,000 Cap has been reached for either Gas Purchases or Grocery Purchases, then any further Gas Purchases and Grocery Purchases made on the Account will only earn Cash Back Dollars at the standard rebate of 1% that applies to all other Purchases on the Account as set out in your Cardholder Agreement ("Standard Rebate"). Applicability of Gas Rebate and Grocery Rebate: Each of the Gas Rebate and the Grocery Rebate is in place of, and not in addition to, the Standard Rebate. First Year Reduction of $15,000 Cap: During the first year that the Account is open, the $15,000 Cap for each of Gas Purchases and Grocery Purchases will be reduced by the actual corresponding amount of Gas Purchases and Grocery Purchases made in the first 3 months of Account opening ("First 3 Months") that are subject to the Welcome Bonus in Cash Back Dollars. For example, if you spend $2,000 in Gas Purchases in the First 3 Months, the $15,000 Cap for Gas Purchases will be reduced by $2,000 to $13,000 for the remaining 9 months of the first year the Account is open. Merchant Category Codes: To earn the Gas Rebate and/or Grocery Rebate, the Gas Purchases and/or Grocery Purchases must be made at merchants classified through the Visa network with a Merchant Category Code ("MCC") that identifies them in the "gas" or "grocery" category. Some merchants may sell gas or gas station services or products, or groceries or grocery items, or have separate merchants located on their premises that also sell gas or gas station services or products, or groceries or grocery items, but may not be classified with a gas or grocery MCC and such Purchases will not earn the Gas Rebate or Grocery Rebate, as applicable. If you have questions about the MCC that applies to a Purchase, contact TD at 1-800-983-8472. Other Conditions: Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.

4 Earn 3% in Cash Back Dollars ("PAP Rebate") on each $1.00 in payments made on a monthly or other regularly recurring basis for merchant bills, including insurance premiums, magazine/newspaper/online streaming subscriptions, membership fees and telecommunication fees, that are set up by the merchant with your consent to be automatically charged to your TD Cash Back Credit Card Account ("Account") and that are classified through the Visa network as "recurring payments" ("Pre-Authorized Payments"). You must confirm with your merchant if they can accept Pre-Authorized Payments. Any returned items, refunds, rebates or other similar credits will reduce or cancel the Cash Back Dollars earned on the original Pre-Authorized Payment. $15,000 Cap: The PAP Rebate is only available to a $15,000 maximum net annual spend ("$15,000 Cap"). Once the $15,000 Cap has been reached, then any further Pre-Authorized Payments made on the Account will only earn Cash Back Dollars at the standard rebate of 1% that applies to all other Purchases on the Account as set out in your Cardholder Agreement ("Standard Rebate"). Applicability of PAP Rebate: The PAP Rebate is in place of, and not in addition to, the Standard Rebate. First Year Reduction of $15,000 Cap: During the first year that the Account is open, the $15,000 Cap for Pre-Authorized Payments will be reduced by the actual corresponding amount of Pre-Authorized Payments made in the first 3 months of Account opening ("First 3 Months") that are subject to the Welcome Bonus in Cash Back Dollars. For example, if you set up $2,000 in Pre-Authorized Payments in the First 3 Months, the $15,000 Cap for Pre-Authorized Payments will be reduced by $2,000 to $13,000 for the remaining 9 months of the first year the Account is open. Other Conditions: Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.

5 Earn 1% in Cash Back Dollars ("Standard Rebate") on each $1.00 for all other Purchases ("Other Purchases") charged to your TD Cash Back Credit Card Account ("Account"). Any returned items, refunds, rebates or other similar credits will reduce or cancel the Cash Back Dollars earned on the original Other Purchase. Other Conditions: Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.

6 Account must be open and in good standing to earn and redeem Cash Back Dollars. Redemptions of Cash Back Dollars at any time on request must be for a minimum amount of $25. Where Cash Back Dollars are redeemed on an annual basis, the annual earnings period will start from when the Card is used to make Purchases until the Account’s January billing cycle of the following year, after which time the annual earnings period will continue each year from the Account’s January billing cycle to the January billing cycle of the following year. Cash Back Dollars will continue to accrue until redemption instructions are provided. There is no maximum annual amount of Cash Back Dollars that can be earned. For complete details on how to redeem Cash Back Dollars, please see the “TD Cash Back Program Terms and Conditions” section of the TD Cash Back Visa Infinite Cardholder Agreement available at www.tdcanadatrust.com/products-services/banking/credit-cards/agreements.jsp

* Trademark of Visa International Service Association and used under license.

Coin image© 2017 Royal Canadian Mint. All rights reserved.

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Annual Fee Purchase APR Balance Transfer APR Cash Advance APR
$120 (Authorized User Cards: $50) 20.99% 22.99% 22.99%
TD Cash Back Visa Infinite* Card
  • Earn 10% on all purchases for the first 3 months1 up to a total spend of $2,000. Plus, pay no annual fee1 for the first year. Conditions apply. Offer ends December 1, 2019. This offer is not available for residents of Quebec. For Quebec residents, please click here.
  • Earn 3% in Cash Back Dollars on eligible grocery Purchases and gas Purchases3, and on regularly recurring bill payments4 set up on your Account
  • Earn 1% in Cash Back Dollars on all other Purchases made with your Card5
  • Full credit card details
View More View Less
Annual Fee:
$120 (Authorized User Cards: $50)
APR:
20.99%
Balance Transfer:
22.99%
Cash Advance:
22.99%
Apply Now
Scotiabank GM VISA Infinite Card
  • First year annual fee waived◊
  • Get closer to your new car with up to 5% in GM Earnings
  • Earn 5% in GM Earnings on the first $10,000 spent annually, and 2% thereafter
  • $1 in GM Earning = $1 off the purchase price or lease of a new Chevrolet, Buick, GMC, or Cadillac
  • No earning or redemption caps
  • Earnings do not expire
  • Enjoy the same great rewards in 5 unique designs
  • Travel with peace of mind with VISA Infinite benefits, including Travel Medical Insurance, Rental Car Insurance, Trip Interruption Insurance, and more
  • Purchase Security and Extended Warranty
  • Rates, fees and other information are effective as of February 1, 2018. Subject to change.

◊ Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank retail credit card in the past 2 years, including those that switch from an existing Scotiabank retail credit card, as well as employees of Scotiabank, are not eligible for the first year annual fee waived offer (the “Offer”). Subject to the above exclusions, Scotiabank small business credit cardholders are eligible for the Offer.

Offer Description and Conditions: We will waive the initial annual fee for the primary card and each additional supplementary card for the first year (the “Offer”). Offer applies to new Scotiabank credit card account (“Accounts”) only that are opened by October 31, 2019. Any additional supplementary cards must be issued by October 31, 2019 to qualify for the Offer.

Rates and Fees: The current annual fee is $79 for the primary card and $39 for each additional supplementary card.
The current preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). All rates, fees, features and benefits are subject to change. Offers may be changed, cancelled or extended and cannot be combined with any other offers.

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Annual Fee Purchase APR Balance Transfer APR Cash Advance APR
First year free then $79 19.99% 22.99% 22.99%
Scotiabank GM VISA Infinite Card
Scotiabank® GM®* Visa Infinite* Card
  • First year annual fee waived◊
  • Get closer to your new car with up to 5% in GM Earnings
  • Earn 5% in GM Earnings on the first $10,000 spent annually, and 2% thereafter
  • Full credit card details
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Annual Fee:
First year free then $79
APR:
19.99%
Balance Transfer:
22.99%
Cash Advance:
22.99%
Apply Now
Scotiabank GM VISA Card
  • Get closer to your new car with up to 5% in GM Earnings
  • Earn 5% in GM Earnings on the first $5,000 spent annually, and 2% thereafter
  • $1 in GM Earning = $1 off the purchase price or lease of a new Chevrolet, Buick, GMC, or Cadillac
  • Earnings do not expire
  • No earning or redemption caps
  • Enjoy the same great rewards in 5 unique designs
  • Rates, fees and other information are effective as of February 1, 2018. Subject to change.
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Annual Fee Purchase APR Balance Transfer APR Cash Advance APR
$0 19.99% 22.99% 22.99%
Scotiabank GM VISA Card
Scotiabank® GM®* VISA* Card
  • Get closer to your new car with up to 5% in GM Earnings
  • Earn 5% in GM Earnings on the first $5,000 spent annually, and 2% thereafter
  • $1 in GM Earning = $1 off the purchase price or lease of a new Chevrolet, Buick, GMC, or Cadillac
  • Full credit card details
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Annual Fee:
$0
APR:
19.99%
Balance Transfer:
22.99%
Cash Advance:
22.99%
Apply Now
  • No Annual Fee
  • Earn 1% in Cash Back Dollars on eligible grocery Purchases and gas Purchases2 and on regularly recurring bill payments3 set up on your Account
  • Earn 0.5% in Cash Back Dollars on all other Purchases made with your Card4
  • Redeem your Cash Back Dollars to help pay down your Account balance whenever you please - the choice is yours!5
  • Your Cash Back Dollars never expire as long as your account is open and in good standing.
  • Purchase Security and Extended Warranty Protection6 on eligible purchases

1 Primary Cardholder remains liable for all charges to the Account, including those made by any Authorized User. Maximum of 3 Authorized User Cards on the Account.

2 Earn 1% in Cash Back Dollars ("Gas Rebate") for each $1.00 in Purchases of gas or gas station services or products ("Gas Purchases") charged to your TD Cash Back Credit Card Account ("Account") and earn 1% in Cash Back Dollars ("Grocery Rebate") for each $1.00 in Purchases of groceries or grocery items ("Grocery Purchases") charged to your Account. Any returned items, refunds, rebates or other similar credits will reduce or cancel the Cash Back Dollars earned on the original Gas Purchase or Grocery Purchase, as applicable. $5,000 Cap: Each of the Gas Rebate and the Grocery Rebate is only available to a $5,000 maximum net annual spend ("$5,000 Cap"). Once the $5,000 Cap has been reached for either Gas Purchases or Grocery Purchases, then any further Gas Purchases and Grocery Purchases made on the Account will earn Cash Back Dollars at the standard rebate of 0.5% that applies to all other Purchases on the Account as set out in your Cardholder Agreement ("Standard Rebate"). Applicability of Gas Rebate and Grocery Rebate: Each of the Gas Rebate and the Grocery Rebate is in place of, and not in addition to, the Standard Rebate. Merchant Category Codes: To earn the Gas Rebate and/or Grocery Rebate, the Gas Purchases and/or Grocery Purchases must be made at merchants classified through the Visa network with a Merchant Category Code ("MCC") that identifies them in the "gas" or "grocery" category. Some merchants may sell gas or gas station services or products, or groceries or grocery items, or have separate merchants located on their premises that also sell gas or gas station services or products, or groceries or grocery items, but may not be classified with a gas or grocery MCC and such Purchases will not earn the Gas Rebate or Grocery Rebate, as applicable. If you have questions about the MCC that applies to a Purchase, contact TD at 1-800-983-8472. Other Conditions: Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.

3 Earn 1% in Cash Back Dollars ("PAP Rebate") on each $1.00 in payments made on a monthly or other regularly recurring basis for merchant bills, including insurance premiums, magazine/newspaper/online streaming subscriptions, membership fees and telecommunication fees, that are set up by the merchant with your consent to be automatically charged to your TD Cash Back Credit Card Account ("Account") and that are classified through the Visa network as "recurring payments" ("Pre-Authorized Payments"). You must confirm with your merchant if they can accept Pre-Authorized Payments. Any returned items, refunds, rebates or other similar credits will reduce or cancel the Cash Back Dollars earned on the original Pre-Authorized Payment. $5,000 Cap: The PAP Rebate is only available to a $5,000 maximum net annual spend ("$5,000 Cap"). Once the $5,000 Cap has been reached, then any further Pre-Authorized Payments made on the Account will only earn Cash Back Dollars at the standard rebate of 0.5% that applies to all other Purchases on the Account as set out your Cardholder Agreement ("Standard Rebate"). Applicability of PAP Rebate: The PAP Rebate is in place of, and not in addition to, the Standard Rebate. Other Conditions: Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.

4 Earn 0.5% in Cash Back Dollars ("Standard Rebate") on each $1.00 for all other Purchases ("Other Purchases") charged to your TD Cash Back Credit Card Account ("Account"). Any returned items, refunds, rebates or other similar credits will reduce or cancel the Cash Back Dollars earned on the original Purchase. Other Conditions: Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.

5 Account must be open and in good standing to earn and redeem Cash Back Dollars. Redemptions of Cash Back Dollars at any time on request must be for a minimum amount of $25. Where Cash Back Dollars are redeemed on an annual basis, the annual earnings period will start from when the Card is used to make Purchases until the Account’s January billing cycle of the following year, after which time the annual earnings period will continue each year from the Account’s January billing cycle to the January billing cycle of the following year. Cash Back Dollars will continue to accrue until redemption instructions are provided. There is no maximum annual amount of Cash Back Dollars that can be earned. For complete details on how to redeem Cash Back Dollars, please see the “TD Cash Back Program Terms and Conditions” section of the TD Cash Back Visa Cardholder Agreement available at www.tdcanadatrust.com/products-services/banking/credit-cards/agreements.jsp

*Trademark of Visa International Service Association and used under license.

*Trademark of Visa International Service Association and used under license.
All trade-marks are the property of their respective owners. ® The TD logo and other trade-marks are the property of The Toronto-Dominion Bank.
Coin image© 2017 Royal Canadian Mint. All rights reserved

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Annual Fee Purchase APR Balance Transfer APR Cash Advance APR
$0 19.99% 22.99% 22.99%
TD Cash Back Visa* Card
  • No Annual Fee
  • Earn 1% in Cash Back Dollars on eligible grocery Purchases and gas Purchases2 and on regularly recurring bill payments3 set up on your Account
  • Earn 0.5% in Cash Back Dollars on all other Purchases made with your Card4
  • Full credit card details
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Annual Fee:
$0
APR:
19.99%
Balance Transfer:
22.99%
Cash Advance:
22.99%
Apply Now
Scotia Momentum VISA Infinite Card
  • First year annual fee waived1
  • 4% on eligible recurring bill payments and grocery store purchases
  • 2% on eligible gas station and daily transit purchases
  • 1% cash back on all other eligible everyday purchases
  • Complimentary Concierge Services 24/7
  • Visa Infinite Dining Series
  • Visa Infinite Music Series
  • Wine Country Wonders
  • Luxury Hotel Privileges
  • Comprehensive Travel Insurance & New Mobile Device Insurance coverage
  • Rates, fees and other information are effective as of August 1, 2019. Subject to change.

1 Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank retail credit card in the past 2 years, including those that switch from an existing Scotiabank retail credit card, as well as employees of Scotiabank, are not eligible for the first year annual fee waiver offer (the “Offer”). Subject to the above exclusions, Scotiabank small business credit cardholders are eligible for the Offer.

Offer Description and Conditions: We will waive the initial annual fee for the primary card and each additional supplementary card for the first year. Offer applies to new Scotiabank credit card accounts (“Accounts”) only that are opened by October 31, 2019. Any additional supplementary cards must be issued by October 31, 2019 to qualify.

Rates and Fees: The current annual fee is $120 for the primary card and $50 for each additional supplementary card. The current preferred annual interest rates for the Account are: 20.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). All rates, fees, features and benefits are subject to change. Offers may be changed, cancelled or extended and cannot be combined with any other offers.

View More View Less
Annual Fee Purchase APR Balance Transfer APR Cash Advance APR
First year free, then $120 20.99% 22.99% 22.99%
Scotia Momentum VISA Infinite Card
Scotia Momentum® VISA Infinite* Card
  • First year annual fee waived1
  • 4% on eligible recurring bill payments and grocery store purchases
  • 2% on eligible gas station and daily transit purchases
  • Full credit card details
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Annual Fee:
First year free, then $120
APR:
20.99%
Balance Transfer:
22.99%
Cash Advance:
22.99%
Apply Now
Simplycash Preferred Card
  • New SimplyCashTM Preferred Card from American Express Cardmembers can earn 5% cash back on all eligible purchases (up to $300 cash back) for the first 6 months of Cardmembership
  • Earn 2.0% cash back when your Welcome Rate ends
  • Optional Balance Transfer Offer – Enjoy a 1.99% interest in first 6 months of Cardmembership if you choose to transfer your other credit card balances to this American Express card 
  • Balance Transfer option is only available at time of online application. There is no balance transfer fee at time of application
  • No limit to the amount of cash back you can earn after your Welcome Rate ends
  • Access to memorable experiences with American Express Invites®
  • Extensive insurance coverage and 24/7 Customer Service
  • The preferred rate for purchases is 19.99% and funds advances is 22.99%. If you have Missed Payments, the applicable rates for your account will be 23.99% and/or 26.99%
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Offer subject to change without notice. Conditions apply.
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Annual Fee Purchase APR Balance Transfer APR Cash Advance APR
$99 19.99% 1.99% in the first 6 months 22.99%
Simplycash Preferred Card
SimplyCashTM Preferred Credit Card from American Express
  • New SimplyCashTM Preferred Card from American Express Cardmembers can earn 5% cash back on all eligible purchases (up to $300 cash back) for the first 6 months of Cardmembership
  • Earn 2.0% cash back when your Welcome Rate ends
  • Optional Balance Transfer Offer – Enjoy a 1.99% interest in first 6 months of Cardmembership if you choose to transfer your other credit card balances to this American Express card 
  • Full credit card details
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Annual Fee:
$99
APR:
19.99%
Balance Transfer:
1.99% in the first 6 months
Cash Advance:
22.99%
Apply Now
Tim Hortons Rewards Visa Card
  • $20 Tim Cash™ welcome bonus
  • 1% back in Tim Cash™ on all qualifying purchases
  • No annual fee
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Annual Fee Purchase APR Balance Transfer APR Cash Advance APR
$0 19.99% 22.99% 22.99%
Tim Hortons Rewards Visa Card
Tim Hortons® Double Double™ Visa* Card
  • $20 Tim Cash™ welcome bonus
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Annual Fee:
$0
APR:
19.99%
Balance Transfer:
22.99%
Cash Advance:
22.99%
Apply Now

How to choose the best cash back card

The key to getting the right credit card is to make sure the card works for you, not against you. For example, if you have a habit of carrying a monthly balance then it's advisable to choose a card with a low interest rate. Generally, rewards cards and cash back cards do not have low interest rates. However, if you pay off your balance every month then using a rewards card can actually add to your bottom line.

Cash back credit cards offer a no-hassle way to earn rewards on all your purchases. There's no points to keep track of and you can always get exactly what you want with cash. As the saying goes, "cash is king."

When evaluating cash back credit cards, there’s a few key points to pay attention to:

  • Introductory offers: Some cards offer additional cash back earning potential for a limited time. Plan your large purchases during these intro periods to maximize your cash back earnings.
  • Special categories: Getting a cash back card that rewards your spending habits is key. Some cards offer increased cash back earnings in select categories such as gasoline or groceries. Others allow you to choose the categories that work best for you. Analyze your spending to take advantage of thee benefits.
  • Cash back percentage: Your cash back earnings are based on a percentage of your monthly spend on the card. A 1% earnings rate is common, but can be as high as 5% for special offers or premium cards. If there's an annual fee attached, make sure the cash back (and your spending habits) will outweigh the fee.

Choosing the best cash back credit card depends on your spending habits and goals. Take advantage of special offers and spending categories. Remember rewards based cards generally do not have low interest rates so don't carry a monthly balance on them.