Credit cards with best cashback?

TrevorK wrote: ↑ I'll be honest, I haven't been paying much attention to the credit card offerings out there in recent years. I saw this post in another thread, but did not want to derail the for sale thread by asking:



250-visa-e-gift-card-245-2523770/

So what's out there in terms of good offerings? Is there already a thread with this (I couldn't see anything to address this)? 10% just seems really high (unless it's in return for travel dollars in first class, which is something I wouldn't be using any time soon).

titaniumtux wrote: ↑ 10% is typically a signup bonus.

Cashback cards usually have accelerators with low base rate, whereas some have a flat base rate. Many of us grab 2-3 cards to optimize rewards on little effort.

TrevorK wrote: ↑ That makes more sense that it's for promotional offers, I was worried I was missing out on some amazing cards that had that ongoing.

WIth the accelerators, that would be something like having a card like Simplii for the 4% restaurant cash back then? Is there some sort of table somewhere that is regularly updated so I can take a look? For example, I use PC Financial World Elite simply because I shop at Loblaws stores, but I think it's only giving me 3% cash back. and I wonder if there is a better card with the accelerator in the grocery category I could use instead.

TrevorK wrote: ↑ That makes more sense that it's for promotional offers, I was worried I was missing out on some amazing cards that had that ongoing.

WIth the accelerators, that would be something like having a card like Simplii for the 4% restaurant cash back then? Is there some sort of table somewhere that is regularly updated so I can take a look? For example, I use PC Financial World Elite simply because I shop at Loblaws stores, but I think it's only giving me 3% cash back. and I wonder if there is a better card with the accelerator in the grocery category I could use instead.

1. there's a CC combos thread. Many of us have Cobalt, BNS AmEx Gold, MBNA RWE or some others as a primary card for its accelerators
2. Some of us get CTFS WE over the PCF because it gives 3% at more supermarkets. Other fillers depending on personal spend...HSBC WE, Simplii, Brim, etc.

Kiraly wrote: ↑Each back's top cash back card: list-each-banks-highest-cash-back-card-2109598/

TrevorK wrote: ↑ That makes more sense that it's for promotional offers, I was worried I was missing out on some amazing cards that had that ongoing.

WIth the accelerators, that would be something like having a card like Simplii for the 4% restaurant cash back then? Is there some sort of table somewhere that is regularly updated so I can take a look? For example, I use PC Financial World Elite simply because I shop at Loblaws stores, but I think it's only giving me 3% cash back. and I wonder if there is a better card with the accelerator in the grocery category I could use instead.

ccya965041 wrote: ↑ BMO Cashback WE MC has 5% for groceries ($500 cap), I think this is the best one you can get for groceries wise(if you only spend $500/month.)

titaniumtux wrote: ↑ You'll likely want a combo of 2-3 cards is with 1-2 AF cards, or 4-7 no-AF cards if you want the merry-go-round.

1. there's a CC combos thread. Many of us have Cobalt, BNS AmEx Gold, MBNA RWE or some others as a primary card for its accelerators
2. Some of us get CTFS WE over the PCF because it gives 3% at more supermarkets. Other fillers depending on personal spend...HSBC WE, Simplii, Brim, etc.

TrevorK wrote: ↑ Thanks, I'll take a look at the combo thread. I'm initially opposed to paying an annual fee, but the rational side of me says I should be the math because it might pay off. I know the Amex cards seem to always have bonuses (in the hot deals forum) to really increase their return.

I have the CTFS WE one as well because it was the only CC that offered a deal with online bill payments. Any idea if there are others that do now?

deltatux wrote: ↑ The MBNA Rewards WE MC pays out 5x on household utilities so I personally no longer use my Triangle WE MC to pay for Hydro or natural gas as I get 3.75% back (after the 1.75% fees and annual 10% point bonus) by using the MBNA Rewards WE MC instead of the 1% back in eCTM. MBNA Rewards valuation based on redeeming points for travel or select gift cards. 3.2% back if redeemed as cashback.

deltatux wrote: ↑ The MBNA Rewards WE MC pays out 5x on household utilities so I personally no longer use my Triangle WE MC to pay for Hydro or natural gas as I get 3.75% back (after the 1.75% fees and annual 10% point bonus) by using the MBNA Rewards WE MC instead of the 1% back in eCTM. MBNA Rewards valuation based on redeeming points for travel or select gift cards. 3.2% back if redeemed as cashback.

TrevorK wrote: ↑ That sounds much better.

What do you mean by "the 1.75% fees"? Is that a fee that MBNA charges?

efrant wrote: ↑ How do you calculate the 3.2% cashback on Hydro/gas charges? MBNA points are worth 0.83cpp as cashback if I'm not mistaken. So 5.5 x 0.83cpp = 4.58%, less your 1.75% fee = 2.83%

Sam18q wrote: ↑ For cash back calculation, is the amount for the calculation the total amount charged or before HST?