Name: The Best Cash Back Credit Cards of 2023
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The Best Cash Back Credit Cards of 2023

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Please enable JavaScript in your browser.How to Spend Money WiselyCredit CardsAdvertiser DisclosureWho doesn’t like free cash? If you are looking for a way to get a little extra back at the end of each month or year, a good cash back card could be right for you. Most cash back cards offer you a percentage of your regular, planned purchases as a reward. The best cash back credit cards can help you make the most of your everyday purchases.Look for a cash back card that is likely to provide you with maximum rewards in the spending categories you use most. These credit cards are most effective when you use them to make everyday purchases, and then pay off the balance each month.Before you use a cash back credit card, make it a point to create your own budget. You should only spend on things you would buy anyway for best results. Track your spending to make sure you don’t overspend on your credit card. If you carry a balance, the interest rate you pay will offset your rewards, and you could find yourself deep in debt.Apply nowOn Scotiabank's Secure WebsiteAnnual Fee: $120Scotiabank Momentum VISA Infinite Card: The Scotia Momentum VISA Infinite card is designed to reward you for your everyday purchases. I believe it’s the best credit card available in Canada for families with large grocery bills. You receive a full 4% cash back on grocery store purchases and recurring payments. Additionally, you receive 2% cash back on your gas station and daily transit purchases. All other purchases earn 1% cash back. You are limited to earning the higher cash back rate for gas and groceries to $25,000 in annual spend.There is a 21-day grace period before interest starts accruing. The Scotia Momentum VISA Infinite Card comes with a 20.99% interest rate on purchases and 22.99% interest rate on cash advances and balance transfers. Right now, you can also get an introductory 1.99% APR on balance transfers for the first six months and have your annual fee waived for the first year.You also get additional perks, like travel insurance with this credit card. This credit card comes with purchase protection and extended warranty protection as well. It’s also possible to get 25% off on your Avis car rentals.There is a minimum income requirement for this card: $60,000 a year for an individual and $100,000 for a household. This card comes with a $120 annual fee, but the first year is waived and future years can easily be overcome if you are smart about your spending, taking full advantage of the tiered system to get a higher cash back rate on common purchases.If you spend a lot of money on groceries and gas each month, this credit card is right for you. This is truly getting rewarded for the most important purchases in your life.Apply nowDISCLAIMER: While we attempt to keep all credit card details current, the rates, fees, rewards and benefits may have changed since the last update. Please visit the credit card supplier through the “Apply Now” links to ensure you have the latest details for that card.ReplyI love the Scotia Momentum Visa Infinite card. Just got my first cash back reward for our first year. $1203! Totally worth the hefty annual fee (which was waived for the first year). I think any family who drives and eats would benefit from this cash back card.Replythe MBNA Smart Cash MasterCard card is garbage, they impose alot of limits so if say spend $2000 a month only $1250 counts towards the cash back, here is the convo i had with the rep:Ethan: For the first 6 months you will get 5% cash back rewards on all your eligible gas and groceries purchases made up to $400 per billing cycle and 1% cash back rewards on rest of your purchases made up to $1250 per billing cycle.Ethan: After 6 months you will get 2% cash back rewards on all of your eligible gas and grocery purchases made up to $400 per billing cycle and 1% cash back rewards on rest of your purchases made up to $1250 per billing cycle.you: ok so if i spend $5000 per month, only $1250 will qualify for the cash back?Eathan: It means in a given month the maximum 5% cash or 2% cash back you can earn is up to $400, that is say for e.g. the first month you spend $1650 on gas and groceries you will get 5% cash back for $400 and for the remaining $1250 you will only get 1%.ReplyYou state the “Capital One Aspire Cash Platinum MasterCard” has no annual fee and features 1% cash back on all purchases. Is this not the same as “PC Financial MasterCard” or “Walmart Rewards MasterCard”?ReplyMBNA is really my favorite. No other cash back cards beats in terms of how fast we get our cash back. 2% on grocery and gas is also awesome. Thanks for sharing.BSRReplyI was checking out the MBNA Rewards World Elite. It’s points based – 2 points for each $1 spent. Points can converted to cash at 10,000 points = $100. So 2% overall. No Limit on points.– $89 fee, 2 cards included.ReplyWhat about the new CIBC Dividend Infinite card, it gives you 4% on gas and groceries with no limit and they waive the $99 annual fee the first year..??ReplyRegarding the American Express SimplyCash Preferred Card you say that spending “$1,750 each month using your card…more than offsets the $79 annual fee”. I calculate that you would need to spend $2,633 per month just to break even on the annual fee compared to the no fee “regular” SimplyCash card. ($2633.33 x 12 x 0.25% = $79)Replythe tangerine cash back is better than all of these.No fee, no chard for 2nd + users.No cash back limit1% everything2% on 3 defined categories (i use gas, groceries, and restaurants).The $99 fee on the momentum and charging for 2nd users make this card not worth it.ReplyGentlemen,I’m looking at a card that will give cash back and points for rewards (travel hotels restaurants ) Any interesting suggestions?ReplyAfter a lot of thought and because our location and where we shop we decided to get the PC elite master card…..the points for groceries add up quickly. the money we save on groceries goes into savings. It wouldn’t be the best choice for everyone but is working for us.ReplyShouldn’t the MBNA Rewards World Elite Mastercard be at the top of this list? 2% cash back on everything (or you can use their travel options), no limits – you can get your cash back anytime via deposit to your bank account, applied to your statement, or via cheque sent to your residence, 10,000 point welcome bonus which equals $100, $89 yearly fee (mine was waved for the first year). I don’t think there is a better option out there right now.ReplyThanks for the credit card summary, it’s great to have someone explain the pros and cons of the more popular cards. I wonder why there is a minimum individual and/or family income requirement. When I retire I likely won’t meet the minimum income requirements for some of the credit cards I use now. If you have a good credit rating that should be enough.ReplyMost credit cards upcharge for any US$ purchases by 2.5%. I spend a lot of time and money in the US. Are there any cards that do not charge a “currency conversion fee”?ReplyVisa Desjardins Infinite Privilege2% on everything no conditions plus 20% year end Bonus Cash back on all purchases300$ annual fees / no fee for 2nd cardAll airports lounge / valet parking free entry and more …Only downside this card only available on special invite unless you earn over 200 000$ yearly income …ReplyHi i am quite happy with my cibc platinum visa 4% cash back gas &amp; grocery 2% timmies and 1% all other purchasesI luckily was able to get the 99$ a year fee waved.ReplyTangerine gives you alot of BS I have phone and internet as a recurring bill and Bulk Barn and Giant Tiger are not considered groceries so instead of getting 2% I only get.5% looking for an honest CC co.ReplyCostco MasterCard. Double cash back. One from the card and one from Costco.ReplyMBNA Rewards World Elite is changing their structure (just got a letter from them)Fee is increasing from $89 to $120Rewards are decreasing – you still earn 2 points per $1 spent – but redemption changes.Currently 12,000 points gets you $120, with the change 12,000 points will get you $100Essentially – currently you get 2% cash back on purchases and this change will reduce it to %1.67 cash back on purchasesredemption doesn’t change on travel credits – still 2%ReplyWondering why this card is missing? TD Cash Back Visa Infinitehttps://www.td.com/ca/en/personal-banking/products/credit-cards/cash-back/cash-back-visa-infinite-card/3% on grocery, gas, and recurring bills (9% first 3 months; $3500 cap so $315 max – and annual cap @ $15,000); 1% on everything else$120 a yearAny good or no?ReplyI didn’t see any information for the World Elite Rogers MasterCard which some say provides the best rewards with their new program update in 2019. Would love to see your analysis of this card.ReplyWhy aren’t you mentioning Rogers Bank MasterCard? (https://www.rogersbank.com/en)cashback: 3% foreign transactions, 2% Rogers, 1.25% anything elseReplyHey thanks for this article. We bank with Scotia so I am going to look into this offer.ReplyAny updates on Credit Cards, I use mine a lot for fuel and home improvement stores.Click here to cancel reply.Be the first to know about all the latest topics on MapleMoney.Sign UpOur goal at MapleMoney is to present readers with reliable financial advice and product choices that will help you achieve your financial goals. To do that, transparency is critical.MapleMoney receives compensation from some companies issuing financial products, like credit cards and bank accounts, that appear on this site.Unless a post is clearly marked “Sponsored”, however, products mentioned in editorial articles and reviews are based on the author’s subjective assessment of their value to readers, not compensation.Read more at: http://maplemoney.com/legal/&nbsp;&nbsp;Our goal at MapleMoney is to present readers with reliable financial advice and product choices that will help you achieve your financial goals. To do that, transparency is critical.MapleMoney receives compensation from some companies issuing financial products, like credit cards and bank accounts, that appear on this site.Unless a post is clearly marked “Sponsored”, however, products mentioned in editorial articles and reviews are based on the author’s subjective assessment of their value to readers, not compensation.Read more at: https://maplemoney.com/legal/

Please enable JavaScript in your browser.How to Spend Money WiselyCredit CardsAdvertiser DisclosureWho doesn’t like free cash? If you are looking for a way to get a little extra back at the end of each month or year, a good cash back card could be right for you. Most cash back cards offer you a percentage of your regular, planned purchases as a reward. The best cash back credit cards can help you make the most of your everyday purchases.Look for a cash back card that is likely to provide you with maximum rewards in the spending categories you use most. These credit cards are most effective...

The Best Cash Back Credit Cards of 2023

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