What is the best no fee cash back credit card?
All of the major banks seem to have up to 1% based on how much you spend. However, I want to earn at least 1% or more on every dollar i spend.
What is the best no fee cash back credit card?
- Last Updated:
- May 20th, 2015 5:52 pm
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- wserib [OP]
- Member
- May 21, 2014
- 418 posts
- 59 upvotes
- Toronto, ON
22 replies
- comp_freak
- Deal Addict
- Jan 8, 2006
- 1627 posts
- 904 upvotes
With no fee it's going to hard. I have TD Rebate Rewards for fist $3000 it's 0.05% after that 1%. They don't offer this one anymore !
- enigma0t2
- Deal Addict
- Oct 12, 2006
- 1450 posts
- 301 upvotes
- Markham
This one is not bad -> MBNA Smart Cash Platinum Plus Master Card
If you're a regular Costco user, this is not bad either -> Capital One Platinum Master Card
- enigma0t2
- Deal Addict
- Oct 12, 2006
- 1450 posts
- 301 upvotes
- Markham
Personally, I use this one -> Scotiabank Momentum Infinite visa. It does have a $99 annual fee, but it's waived for the first year, and there's currently a promotion that can get you a $100 gift card.
- MrAmex
- Sr. Member
- Aug 14, 2013
- 548 posts
- 51 upvotes
- Montreal, QC
BMO is going to have new 1%, no-fee, no tier, no limit, cashback cc.
Maybe other banks will follow very soon.
Maybe other banks will follow very soon.
- DDR
- Member
- Nov 13, 2003
- 236 posts
- 171 upvotes
- Vancouver, BC
I have this: https://www.chase.com/online/canada/amazon-ca-home.htm
1% cash rebate. 2% rebate for purchases at amazon.ca (not amazon.com). No fee. No-tier. No foreign exchange fee. $20 amazon.ca credit on approval.
You get rebate credit everytime you've accumulated $20.
The main benefit of this card is the no foreign exchange fee. It is great for use in shopping in states.
I think the MBNA Smart Cash is better in general though unless you are hitting the limit or you prefer Visa over MC.
1% cash rebate. 2% rebate for purchases at amazon.ca (not amazon.com). No fee. No-tier. No foreign exchange fee. $20 amazon.ca credit on approval.
You get rebate credit everytime you've accumulated $20.
The main benefit of this card is the no foreign exchange fee. It is great for use in shopping in states.
I think the MBNA Smart Cash is better in general though unless you are hitting the limit or you prefer Visa over MC.
- hvwkzq
- Deal Fanatic
- Aug 3, 2014
- 5953 posts
- 4014 upvotes
Amazon.ca Rewards
Capital One Vibe
MBNA Smart Cash
Check them out and you decide which one is best for you.
Capital One Vibe
MBNA Smart Cash
Check them out and you decide which one is best for you.
- itsjustbecca
- Newbie
- May 3, 2015
- 3 posts
- 1 upvote
- Toronto, ON
I would go with this card and then call after a year and see if they will waive the fee again, if they won't, then cancel go with MBNA. I have an old MBNA card that is 2% cash back on all purchases (It's their rewards points that I redeem for a statement credit at a 2% equivalent). It had an annual fee but they gave it to me with the annual fee waived indefinitely when I called to cancel a different card with an annual fee.enigma0t2 wrote: ↑Personally, I use this one -> Scotiabank Momentum Infinite visa. It does have a $99 annual fee, but it's waived for the first year, and there's currently a promotion that can get you a $100 gift card.
- FrugalTrader
- Member
- Dec 8, 2006
- 369 posts
- 24 upvotes
My opinion is:
1. MBNA Smart Cash
2. Capital One Aspire Cash
3. Royal Bank cash back.
If you spend more than $470/month in gas/groceries, the Scotia Momentum will come out on top even after the annual fee (for 2 cards).
http://www.milliondollarjourney.com/top ... canada.htm
1. MBNA Smart Cash
2. Capital One Aspire Cash
3. Royal Bank cash back.
If you spend more than $470/month in gas/groceries, the Scotia Momentum will come out on top even after the annual fee (for 2 cards).
http://www.milliondollarjourney.com/top ... canada.htm
Million Dollar Journey - Since hitting the $1M milestone, we have increased our focus on passive income. Come follow our journey to financial freedom and possibly early retirement.
- supertronic
- Sr. Member
- Mar 3, 2015
- 699 posts
- 95 upvotes
- Scarborough, ON
scotia momentum visa
rbc mastercard
Amex no fee comes on top but not many places accept amex.
rbc mastercard
Amex no fee comes on top but not many places accept amex.
- bruceh2015
- Deal Addict
- Apr 13, 2015
- 1108 posts
- 214 upvotes
Capital One Aspire cash + Scotia Amex gold.
Between the two I'm earning an average of 1.75% for my personal spending.
Amex : food, fuel, entertainment 4%
Aspire: 1% on everything .
Between the two I'm earning an average of 1.75% for my personal spending.
Amex : food, fuel, entertainment 4%
Aspire: 1% on everything .
- recordman
- Deal Addict
-
- Jan 19, 2005
- 4992 posts
- 2212 upvotes
- Vancity
Amex @ 1.25% (5% for groceries/gas/restaurants for the first 6 months)
Cap1/MBNA MC @ 1.0% for everything else not taking Amex.
Cap1/MBNA MC @ 1.0% for everything else not taking Amex.
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- 604nation
- Deal Addict
- Aug 31, 2014
- 1505 posts
- 560 upvotes
- YVR, BC
MBNA Smart Cash
RBC C/B M/C
Scotia Momentum Visa no fee.
RBC C/B M/C
Scotia Momentum Visa no fee.
- MrAmex
- Sr. Member
- Aug 14, 2013
- 548 posts
- 51 upvotes
- Montreal, QC
- 604nation
- Deal Addict
- Aug 31, 2014
- 1505 posts
- 560 upvotes
- YVR, BC
- haliwood
- Deal Addict
-
- Aug 3, 2009
- 2203 posts
- 657 upvotes
- Nova Scotia
Use MBNA Smart Cash myself and was hoping for another sign up promo where you get 5% on groceries and gas up to $400/mo for 6mos. Have done one almost every spring but still nothing (usually $100 or something).
Paid version of the Scotiabank Momentum Visa I think only gives cash back in December annually.
Paid version of the Scotiabank Momentum Visa I think only gives cash back in December annually.
- bluebellrose
- Deal Addict
- Feb 10, 2013
- 4532 posts
- 1090 upvotes
- Richmond
are you living under a rock?comp_freak wrote: ↑With no fee it's going to hard. I have TD Rebate Rewards for fist $3000 it's 0.05% after that 1%. They don't offer this one anymore !
- comp_freak
- Deal Addict
- Jan 8, 2006
- 1627 posts
- 904 upvotes
I use mostly TD visa.bluebellrose wrote: ↑are you living under a rock?
- DudeManGuyBro
- Member
-
- Oct 9, 2014
- 397 posts
- 49 upvotes
- Winterpeg
he says that because your rewards card is probably one of the worst out there compared to the other options for no-fee cash backcomp_freak wrote: ↑I use mostly TD visa.
- unknownone
- Deal Addict
-
- Mar 31, 2009
- 1202 posts
- 829 upvotes
If I didn't have my grandfathered cap one aspire cash world no fee card, I'd probably use the Amex 1.25% card. I think that's the best without a fee. I'd probably use the cap one aspire cash 1% card at places that didn't take amex. The cap one cashback system is much better than MBNA. It's nice to just be able to apply your cashback against your current bill whenever you want, regardless of what amount you have on the card. So I prefer cap one over MBNA.