Hey this is Canadian Adrian wearing a T-shirt and today I’m breaking Top 5 best free cash back Canadian credit cards for 2020 The cards in this list are free, which means they do not charge an annual fee, but They still offer generous cash back bonuses so there is no reason not to register Them because most of the time there is no annual fee these cards are for people Moderate income, low credit scores and even students, almost anyone can If you have high income, you spend dozens Thousands of dollars of gasoline groceries and other expenses and checks each year Take out the top five premium cash back credits from my last failed video Cards in Canada have annual fees, but if you spend enough money Their cash back is far from making up for the cost, please click the link on the top right.
Credit Card Guide
Check out those premium credit cards and learn how to get the most out of signing up If you are interested in these card bonuses apply for any The card I’m talking about today adds a link to the description box I also want to give a quick warning below that all these cards are Good way to earn extra cash back, but only for what you can afford You must pay the full statement balance every month, otherwise you will Charge more than 20% interest on the cards in this list can save you 2% to 4% cash back, but if you are unable to pay your credit card bill Nothing compared to 20% interest in 2 to 4% of the time Accused of being against you, so stay smart and control your spending and pay your bills on time So let’s jump into the top 5 free cash back credit cards in Canada.
Best cash back credit cards
From the top, we have one of the best cash back credit cards Rogers World Elite Mastercard has no annual fee, but even so Better or better than many bank cards that charge $ 100 or more per year The biggest disadvantage of this card charge is that it is difficult to meet your conditions Really need to have high income the rest of the cars on this list, but Let’s start with good things card without annual fee but still Offer 1.75% cash back on each purchase you make This is the highest full cashback credit card available for free at this price And almost 2% of the cash back was provided by American Express Just cash in my preferred card favorite history credit card.
Rogers Mastercard, monetary cash back
Americans pay an annual fee of $ 99, There is no annual fee for the rogers mastercard, so if you use this Rogers Mastercard for Every purchase and spend you make assumes $ 10,000 per year You will earn $ 175 as income Cash back even without any fees Better if you buy any Rogers Internet cable or mobile phone bill This card will earn you 2% Eventually these bills get 2% cash back if you buy in a foreign country.
This card earns 4% monetary cash back on all credit cards including this You get a 2.5% conversion rate on a charge In addition to Canadian dollars, with this rogers Mastercard, you will get 4% cash back gives you a 1.5% return, so this card is very good Very useful whenever you are traveling Canada or buy anything Online shopping waiting for dollars on amazon.com Rather than amazon.ca in my previous video recommending a home trust Foreign Home Purchase Visa Trust Visa can bring you 1% cash back Everything and it will never charge you a 2.5% conversion fee for you 1% net cash back abroad when buying Rogers MasterCard and Family trust visas are excellent.
NO-Fee For currency exchange
You must have at least Whenever you travel, one of Canada’s home trust visas is easier Eligible because it never charges you a currency exchange fee You pay less in the world of prepayers Elite Mastercard requires high income Eligible and will indeed charge you when you Travel outside Canada but it will give you more cash back When you redeem the whole in the last month I would say choose Rogers If you qualify for a Secular MasterCard.
There are also some good benefits to Rogers World Elite Mastercard Visa Usually reserved for those who have these benefits including annual fees Free car damage insurance and emergency travel medical insurance also It will honestly register this card when you provide $ 25 free cash back, this card Amazing, it has no annual fee and it provides some nice cash back rates But the biggest problem with this card is that it is difficult for most people Eligible Canadians need a high credit score.
You need to have income of at least $ 80,000 per year Eligible for this card, I know it sucks, it may be a disruptive transaction for many of you I know a big guy TD BMO and CIBC banks Your income will not be checked at the time of application for a new credit card, unless there is The bank has some eye-catching red flags that want your business, so if you flicker Your numbers and increase your income a little bit during the application process They may approve you, but Rogers needs more than 80,000 income I don’t know how strict they are when I get this rule enforced I don’t have to provide any evidence of my income, but for security I will not Risk lying my income is only for this card is great card, but if Your annual income is less than 70 K.
World Elite Mastercard American Express
You do not risk applying, but do n’t Worry about all other cars on the list for low Canadians In fact, even if you generate income for your students, you will earn at least $ 15,000 per year Eligible for all next four cards Second place is American Simple cash after courier CARROGERS World Elite Mastercard American Express offers the second-best no-cost full cashback rate Credit card if your income is not high enough to qualify for Rogers Mastercard must apply for an American Express card and simply redeem this card No annual fee and provide 1.25% cash back Every time you buy this card is like an American brother Express simple cash preferred card which provides 2% cash back Buy but pay $ 99 annual fee, let’s do some quick Compare these two Americans mathematically.
if you spend at least an Express card $ 13,000 a year with Big Brother American Just express your cash priority card as getting a higher 2% cash back If you spend less than $ 13,000 years The little guy who insists on Americans just get a cash card to get that 1.25% Cashback rate 1.25% annual fee $ 99 Big Brother is not worth it if you click to make this card better My referral link is in the description box below you will be eligible for promotion Registration bonus doubles your cash support by giving you 2.5% cash back Your first purchase of three months or before $ 6000 Which one do you spend to first click on my referral link and submit Benefits of applying this promotion online Bonus plus I will get good referral bonus also.
American Express The cash card also includes some big cash brother benefits including ex Early in the line to concerts and use your Americans for sporting events Express that you can buy concert tickets or basketball games Tickets are sold to the general public three to five days before departure Personally like this, you pay the same ticket price but you get Secure your seat to someone else a few days ago.
so you almost never Worried that the show is sold out, not all suppliers in Canada are looking up Accept everything from American Express like Best Buy from Walmart and Sobeys they both accept American Express cards but not so in many smaller stores For safety, be sure to bring a visa or Mastercard Annual income of at least $ 15,000 is eligible for this card a year.
Owning an Orange Refund MasterCard
Even If you are a student, you may still get approval, we are third Owning an Orange Refund MasterCard This card offers flexibility and allows You can customize cashback rewards based on your spending habits, Orange Card gives you 2% cash back on your purchase of three-thirds Grocery monthly bill petrol in the following categories Furniture Pharmacy Restaurant Home Improvement Hotel Entertainment There are also public transportation and parking lots.
Choose three out of these ten Category and you will get 2% cash back on every purchase you make in these items Everything else in the three categories only earn 0.5% cash back for you This card is really cool because you can customize your cashback to suit yours If you do n’t have a car, develop spending habits and skip the gasoline category, then Although I choose entertainment, I recommend scrapping off groceries And restaurants because the next two credit cards on my list are better.
This card is even better for both types, they provide If you have generous promotional signing bonus Apply for this card before January 31, 2020 You will be able to double the cash back and get 4% cash back on three of you After the first three months of the category, it will return 2% cash Back to one of the best promotions I’ve seen for free Card, so be sure to use it to qualify for this card Need income $ 12,000.
Simplii Financial Cash Back Visa Card.
In fourth place we have Simplii Financial Cash Back Visa Card. This is a new card and this is the only credit I’ve seen tailor-made cards for restaurants and dining out this card No annual fee, it provides huge restaurant cashback of 4% Bars and coffee shops but this amazing cash back is limited Total annual expenditure is $ 5,000 if you spend more than $ 5,000 annual restaurant spending cash back will also drop to 0.5% 0.5% but this $ 5,000 limit is $ 416 per month One month, hope you do n’t eat so much, you should save and invest Replaced by this card also provides a 1.5% refund of gasoline groceries Monthly bills and everything in the pharmacy would otherwise only get 0.5% cash back.
You should use your American Express or your Tangerine MasterCard Everything else that makes this card better is that they offer registration 10% cash back cash back restaurant bar or cafe The first four months or the first $ 500 you spend after the promotion Restored to 4% cashback rate during the period and met this condition Card, you need to earn $ 15,000, the fifth place is CIBC Dividend Visa Card, this card is great for groceries, it offers.
This card has a very generous registration bonus with no annual fee and provides 2% cash back On groceries, everything else will only receive 0.5% cash back for the first time After spending $ 6,000 each time, you can enjoy $ 6,000 after purchase, you will get 1% 1% cash back I will only really use this card Groceries to get 2% cash back and then for everything else American Express or Orange MasterCard if you spend more than $ 5000 groceries per year, I will go big with this card Brother CIBC Dividend Visa Infinite.
Amazing Registration bonus,Annual fee And cash back Groceries
This card has $ 99 Annual fee, but up to 4% gasoline and cash back Groceries, so it cannot make up for an annual fee of not less than $ 5,000, and Annual fees are not worth it, you should stick to the little ones CIBC dividend visa, get 2% cash back without groceries Annual fee this is one of the best things the card has gone, this is amazing Registration bonus, this card offers 5% promotional signing bonus.
Every item you purchase can be cashed back for the first four months or you $ 2,000 Do n’t even spend a lot of premium credit cards to offer promotional bonuses So be sure to use it card needs to earn $ 15,000 but If you are a student, you can apply for the student version of the credit card If your income is zero, this is one of the best student credit cards So those are the top five best free cashback credit cards in Canada let us Take a look at this table to summarize each card and find out Which kind of card works best in different situations.
World Elite MasterCard Rebate Rogers
First, we have raw This card offers 2% cash back of 1.75% of the World Elite MasterCard Rebate Rogers products and rebate 4% on foreign purchases This card offers a $ 25 free cash back promotion, but this card is very Difficult to qualify and require high annual income of at least $ 80,000.
Is another big name purchased abroad a Family Trust Preferred Visa? Card provides 3.5% cash back for foreign purchases and 1% cash Back to everything else if you don’t qualify for Rogers Best Flat Rate from Mastercard American Express Cash Card 1.25% cash back Every registration you make requires registration Bonus can double your cash back by 2.5% in the first three months Orange MasterCard gives you 2% flexibility.|
Three categories of cash back as a logo bonus can double your cash back By 4% of the first three months, the only economic visa is Best for restaurants, get 4% cash back at the restaurant bar And coffee shops and 1.5% cash back grocery bills petrol and pharmacy. As a registration bonus, you get 10% cash back for the first 4 restaurants For a month, the CIBC Dividend Visa is very suitable for groceries to you 2% Sign up bonus at all grocery stores and as cash back gives you 5% cash Support you for the first four months.
Maximize total cash back
Now let’s see We should use these credit cards to maximize our total cash back. You make foreign purchases in currencies other than Canadian dollars anywhere Rogers World Elite Mastercard, if you don’t use a home you can qualify Grocery trust visa insists on dividend visas for CIBC restaurants Be sure to use Simplii Financial Visa and get 4% cash back now For everything else find the 3 categories you spent.
The most money and use these 3 Orange Mastercards Categories get 2% cash back Finally, for everything else, use American Express can get 1.25% cash back with just a cash card, or Eligible for Rogers World Elite Mastercard 1.75% cash back with these rules and you will be able to Maximize your cash back and earn all your money 24/7 Fees so you have those that are among the top 5 best no fee cash back credit cards In 2020 in Canada.
Every day Free money and cash back
4 of these 5 cards are for low-income customers So almost everyone should be able to qualify for these cards There is an annual fee so you really have nothing to lose These cards you only have free money, cash back to get these are You can keep your life without annual fees, so no Reasons to cancel the use of these cards they and you will get every day Free money and cash back yourself, you will build your own credit score Along the way, thank you for your attention and make sure you like the comments and Subscribe if you find this video helpful Thumbs up and comments really helped me create this channel, be sure to click That Bell icon will receive my new notification to play the video every Thursday and let me know Here are some reviews of your favorite Canadian credit cards?
In case I have any credit card miss i would love to hear them Be sure to watch my next video I will return to millennials Investment series I will talk about ETFs and mutual funds and how Diversify your portfolio, thank you everyone and i will see you next Canadian plot bye in a T-shirt