Money with AndreyThe Best No-Fee Cash Back Credit Cards in Canada
These are the five no-fee cash back cards from my video, in the order I ranked them, from #5 to #1. Every one of them has a $0 annual fee.
- #5
PC World Mastercard
A no-fee card for PC Optimum points at Loblaw stores.
Annual fee: $0
- Loblaw grocery stores: 20 points per $1
- Shoppers Drug Mart: 35 points per $1
- Esso and Mobil: At least 30 points per litre
- #4
Amex SimplyCash Card
Amex's no-fee cash back card.
Annual fee: $0
- Gas and groceries: 2% (up to $300 cash back a year)
- Everything else: 1.25%
- #3
Tangerine Money-Back Credit Card
A no-fee card where you pick your own 2% categories.
Annual fee: $0
- Two categories you choose: 2%
- Third 2% category: If cash back goes to a Tangerine savings account
- Everything else: 0.5%
- #2
Simplii Financial Cash Back Visa
A no-fee card with 4% back on restaurants, bars and coffee.
Annual fee: $0
- Restaurants, bars, coffee shops: 4% (up to $5,000 a year)
- Gas, groceries, drugstores, pre-authorized payments: 1.5% (up to $15,000 a year)
- Everything else: 0.5%
- #1
Rogers Red World Elite Mastercard
A no-fee Mastercard that pays cash back on everything you buy.
Annual fee: $0
- Cash back with a Rogers, Fido, Shaw or Comwave service: 2%
- Cash back without one: 1.5%
Side by Side
| Card | Annual fee | Network | Income needed |
|---|---|---|---|
| PC World Mastercard | $0 | Mastercard | $60K personal |
| Amex SimplyCash | $0 | Amex | Not listed |
| Tangerine Money-Back | $0 | Mastercard | Not listed |
| Simplii Cash Back Visa | $0 | Visa | Not listed |
| Rogers Red World Elite | $0 | Mastercard | $80K personal or $150K household |