5 Canadian Cash Back Credit Cards with Low Interest

3 minute read

By Topic Insight Staff

From small transactions to big emergencies, a credit card is a convenient way to ensure you always have funds. Start a search today to discover the top Canadian cash back credit cards, which reward you for what you’re already spending.

When you explore the world of Canadian cash back credit cards, you’ll find a range of options tailored to various lifestyles and spending habits. These cards can put money back in your pocket, making your everyday expenses even more rewarding.

1. BMO CashBack World Elite Mastercard

Annual Fees: $120, $50 for additional cardholders

Cash Back Rewards: Five percent on groceries, four percent on transit, three percent on gas, two percent on recurring bills, and one percent on all other purchases

Welcome Bonus: 10 percent cash back during your first three months and no annual fee for the first year

The BMO Cash Back World Elite Mastercard is the only card in Canada that rewards consumers with five percent cash back on grocery store purchases.1

2. MBNA Rewards World Elite Mastercard

Annual Fees: $120, $50 for additional cardholders

Cash Back Rewards: Points-based system. Earn five points for every $1 spent on grocery, digital media, household, restaurant, and membership purchases up to $50,000 annually in each category. Earn one point per $1 on all other eligible purchases

Bonus Rewards: Primary cardholders earn Birthday Bonus Points each year equal to 10 percent of total account points earned in the previous 12 months, up to 15,000 points annually

The MBNA Rewards World Elite Mastercard is the perfect cash back credit card for travellers.2 If you have a personal income of $80,000+ per year or a $150,000 annual household income, you have access to various rewards and features of this unique card.

3. Scotia Momentum Visa Infinite Card

Annual Fees: $120, $50 for additional cardholders

Cash Back Rewards: Four percent on groceries and recurring bills, two percent on transit and fuel, and one percent on all other purchases

Welcome Bonus: 10 percent cash back during your first three months and no annual fee for the first year for primary and supplementary cardholders

The award-winning Scotia Momentum Visa Infinite Card is the ideal cash back credit card for everyday purchases or consumers new to credit.3 Named 2022’s best overall cash back credit card by MoneySense, this card offers a secure and reliable way to earn rewards.4

4. Brim World Elite Mastercard

Annual Fees: $199, $0 introductory offer, $50 for additional cardholders

Cash Back Reward: Points-based system. Earn two percent of purchases back in redeemable points

Welcome Bonus: Annual fee waived in the first year. Earn $500 or more in first-time offers

The Brim World Elite Mastercard is ideal for business class.5 If you travel frequently for work or pleasure, this cash back credit card has got you covered. With no purchase limit, this cash back card gives you the freedom of contactless payment for any purchase type.

5. SimplyCash Preferred Card from American Express

Annual Fees: $99, $0 for additional cardholders

Cash Back Reward: Earn two percent cash back on all purchases with no rewards limit

Welcome Bonus: Earn 10 percent cash back on eligible purchases in the first four months of membership up to $450 cash back

The SimplyCash Preferred Card from American Express is the perfect low interest cash back credit card for Canadians who love to shop.6 There’s no minimum income threshold, and the rewards structure allows you to earn two percent cash back on all purchases with no rewards limit.

Start A Search Today!

With prices of goods rising worldwide and the economy facing increased instability, it’s essential to have reliable access to funds when and where you need it. Earning back money from your purchases is also a clever way to buffer against inflation.7 Choosing a low interest cash back credit card provides you with exclusive benefits for your everyday purchase and larger expenditures.

Topic Insight Staff

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