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June has arrived, and that means summer is almost here.
And while COVID-19 is still changing how we live our lives, the restrictions are starting to loosen, allowing us to better access to family and friends, and more stores are starting to open after being shut for some time now.
|Credit Card||Credit Card Offer||Annual Fee||Income Requirements||Apply Now|
|BMO® CashBack® World
|* 10% cash back on the first $2,000 in purchases in the first 3 months (terms)
* Offer ends October 31, 2020
|$120, first year free||80K personal/150K household||Apply
|HSBC +Rewards™ Mastercard®||* 10,000 bonus points (terms)
* Offer ends August 17, 2020
|$25, annual fee rebate for the first year||None||Apply
|MBNA Rewards Platinum Plus®
|* 10,000 welcome bonus points
* 4 points per $1 on gas, groceries, and restaurants in the first 3 months (terms)
|National Bank ECHO Cashback Mastercard||* $100 cash back (terms)
* Offer ends August 31, 2020
|Brim Mastercard||* Up to $200 worth of points (terms)||$0||15K personal||Apply
|MBNA True Line® Mastercard®||* 0% interest for 10 months – best balance transfer offer in Canada (terms)||$0||None||Apply
|MBNA Rewards World Elite®
|* 30,000 bonus points (terms)||$120||80K personal/150K household||Apply
|Brim World Elite Mastercard||* Up to $500 worth of points (terms)||$199, first year free||80K personal/150K household||Apply
|National Bank Platinum Mastercard||* $300 cash back (terms)
* August 31, 2020
|BMO® CashBack® Mastercard®*||* 5% cash back on the first $2,500 in purchases in the first 3 months (terms)
* Offer ends October 31, 2020
|TD Cash Back Visa Infinite*||* 10% cash back on the first $2,000 in purchases in the first 3 months (terms)
* Offer ends September 8, 2020
|$120, annual fee rebate for the first year free||60K personal/100K household||Apply
10% cash back for the first 3 months and the first year free
Premium high flat rate cash back credit cards that are also accepted at Costco are hard to come by, and that describes the
To start, you’ll earn 10% cash back on every purchase for the first 3 months, up to $2,000 in spend.
After that, a straightforward 1.5% earn rate on everything awaits you. No caps or categories to think about.
And it comes with some premium perks as well:
- free roadside assistance,
- 13 (out of
) types of insurance, and
- World Elite Mastercard benefits.
To top it off, the first year is currently free as well.
When you get your cash back: Any time you want, as long as you have $1 accumulated.
Earn rewards and get low interest rates
Looking for that elusive combination of rewards and low interest rates? The
For rewards, you’ll earn a welcome bonus of 10,000 points after spending $2,000 in the first 6 months.
And on your purchases you’ll get:
- 2 points per $1 on restaurants and entertainment, and
- 1 point per $1 on all other purchases.
On the interest side of things, you’ll see a low permanent interest rate of 11.9% on purchases, cash advances, and balance transfers.
Only 4 credit cards that we track in Canada offer both rewards and low interest rates. This is one of the best of them considering the low $25 annual fee, which is also rebated for the first year.
10,000 bonus points, 4x the points in the first 3 months, and no annual fee
A top MBNA card to grace our list, the
You can earn up to 10,000 bonus points:
- 5,000 after you spend at least $500 in the first 3 months, and
- 5,000 after signing up for e-statements.
And you’ll also earn 4 points per $1 spent on gas, groceries, and restaurant purchases in the first 3 months.
On top of that, you’ll earn MBNA Points at these great regular rates:
- 2 points per $1 on gas, groceries, and restaurants (up to $5,000 spent annually in each category), and
- 1 point per $1 on all other purchases.
Pretty sweet for a no fee card.
You’ll be able to use your MBNA Rewards for a host of redemptions, including travel, merchandise, gift cards, and statement credits.
And what’s more, this card has no income requirements, making it available to more Canadians.
Earn a $100 cash back bonus and up to 1.5% on all purchases
Want to earn a great cash back bonus, while also earning up to 1.5% cash back on all your purchases? The
As part of signing up, you can earn a $100 cash back bonus when you spend $2,500 in the first 4 months. It’s a limited time offer, and ends August 31, 2020.
And that’s on top of the rewards you’ll earn on your purchases:
- 1.5% cash back on online purchases, gas, and groceries, and
- 1% cash back on all other purchases.
It’s the only cash back card that offers a special bonus to all online shopping (excluding online travel purchases).
And, it’s for a low annual fee of $30.
When you get your cash back: Anytime you like, as long as you have $10 accumulated.
Like the welcome bonus but not sure if you want this card? National Bank is offering the same cash back promotion with these other credit cards:
Earn bonus rewards for online shopping and pay no foreign exchange fees
For the frequent online shopper, the
On all your purchases, you’ll earn 1 point per $1 spent on every purchase – which can be directly converted to statement credits (so it’s essentially 1% cash back).
Plus when you shop online, you’ll get access to Brim Rewards, where you’ll be able to earn bonus rewards at over 100 online retailers – up to 40% more, depending on the retailer (just note that if you earn bonus rewards you forgo the regular earn rate).
Plus, the card has no foreign transaction fees and 5 types of insurance coverage.
When you get your cash back: Apply your cash back as a statement credit or towards a purchase anytime you like.
0% interest on balance transfers for 10 months, best offer in Canada
If you have some sticky debt hanging around and a good credit score, the best balance transfer offer in Canada could be your ticket to big savings.
And unlike many balance transfer offers out there, once the promotional period is over, you can still take advantage of a permanently low 12.99% purchase interest rate rather than have the interest shoot back up to 19.99% or more.
One thing to be aware of is the 3% fee you’ll be charged when doing the transfer, but that will easily pay for itself if you are using this to pay off high interest debt.
Earn 30,000 bonus bonus points and a return of up to 2% on all purchases
For flexible rewards and a high earn rate on every purchase, the
To get started, you’ll get:
- 20,000 points after spending $2,000 in the first 3 months, then
- 10,000 more when you sign up for e-statements.
On top of that, you’ll earn 2 points per $1 spent on absolutely all of your purchases. With an MBNA Rewards point worth 1 cent when redeemed for travel, that’s a flat 2% return on every purchase.
For more immediate savings, you can also get gift cards. There’s a wide range of gift cards available, including Amazon. Each gift card redemption has a value of approximately 0.89 cents per point, for a return of 1.78%.
Or, you can get statement credits or cheques mailed to you instead. Each point in this case is worth 0.83 cents, for a return of 1.67%.
And as a Mastercard, it’s a great card for Costco lovers.
Earn up to 2% cash back on every purchase and pay no foreign exchange fees
Shop online frequently? Want to earn a high flare rate on all purchases? The
For rewards on all your purchases, you’ll earn a flat 2 points per $1 spent on the first $25,000 in annual spend (1 point per $1 afterwards). With a Brim Rewards points worth 1 cent each, it’s a return of up to 2% on every purchase.
And there’s more. Shop with any of Brim’s 150+ retail partners, and you can earn up to 40% back on your purchases.
But that’s not. It has no foreign exchange fees, saving you 2.5% on your purchases not made in Canadian dollars, and a stunning 15 types of insurance, more than any other credit card.
It’s all for an annual fee of $199, that’s currently waived for the first year.
$300 cash back and get flexible rewards
To earn flexible rewards on every purchase, and get a large cash back welcome bonus, the
For a limited time, until August 31, 2020, you can earn a $300 cash back bonus when you spend $6,500 in the first 4 months.
On top of your cash back bonus, you’ll earn 1 point per $1 spent on all purchases.
Earning National Bank Reward points, you can use your points for a host of redemptions Here’s what you can use your points for, including how much each point is worth:
- travel booked through National Bank (1 cent),
- Any travel charged to the card (0.83 cents),
- National Bank investments,
- Merchandise (0.81 cents), and
- Gift cards (0.77 cents).
Want this offer, but also want to earn more points on your purchases? These 2 National Bank cards are also running this same cash back promotion:
5% cash back on all purchases and no annual fee
Want some cash back rewards, but want to skip on the annual fee? The
The welcome bonus is great for a no fee card. You’ll earn 5% cash back on all purchases, until you’ve earned $100 cash back.
The rewards structure has also been revamped. It used to earn 1% cash back on everything, but now earns:
- 3% cash back on groceries (up to $500 per month in spend),
- 1% cash back on recurring bill payments, and
- 0.5% on all other purchases.
No other no fee cash back card is offering 3% on grocery purchases.
And if that 0.5% earn rate on all other purchases bums you out, simply pair it with another top no fee cash back card to boost that earn rate.
And, with this card, you can now redeem your cash back whenever you want, with no minimum redemption requirement.
If you’re a student, there’s an
When you get your cash back: Anytime you want, with no minimum redemption.
10% cash back and an annual fee rebate for the first year
One of the top cash back cards in Canada is also running a great sign-up bonus.
Plus, you don’t have to dish any of it out on an annual fee, because you’ll be getting it waived for the first year.
After your welcome bonus has been used up, you’ll be earning 3% cash back on gas, groceries, and recurring bills – capped at $15,000 in spending per year for each category. Afterwards, and on all your other purchases, you’ll get a straightforward 1% back.
One of the best features of this card? Complimentary roadside assistance. And while you may not be driving much right now, it’s one less thing you’ll have to pay if something happens to your car.
When you get your cash back: Anytime you like, as long as you have $25 accumulated.
We want to hear from you
What deal will you take advantage of this month?
Is there one we haven’t mentioned?
Let us know in the comments below.