What Are Some of the Best Cash-Back Credit Cards?

Top Cash-Back Credit Cards

First Published Date: August 7, 2016

ou are familiar with A Dawn Journal, you already know my take on cash-back credit cards. I prefer travel rewards credit cards over cash-back cards, as travel cards provide the maximum returns for your dollars. However, for ease and simplicity some of you may want to go with cash-back rewards credit cards.

Today, I will go through briefly some cash-back rewards credit cards that you can consider, so you can pick the one that suits your needs.

MBNA Rewards World Elite MasterCard – Although marketed as a travel rewards credit card, this card provides 2 percent cash back across the board with no strings, no limits, no caps, no tiers, no problems. Annual fee = $89.

Scotia Momentum Visa Infinite – With 4 percent cash back on groceries and gas, 2 percent on recurring bills, and 1 percent on everything else, a perfect card for those who want maximum return on selected categories. Annual fee = $99.

BMO World Elite Cash Back MasterCard – A flat 1.75 percent cash back across the board without any limits. Provides the best insurance benefits among all cash back cards.

Tangerine Money-Back Credit Card – Options to choose up to 3 categories where you can earn 2 percent unlimited cash back. Annual fee = free.

The SimplyCash Card from American Express – A flat 1.25 percent cash back on everything without limits. Annual fee = free.

In the future, I will review some of these cards on A Dawn Journal and on my YouTube channel. There are many other cash-back cards available on the market. However, I believe these I mentioned above offer most value for your dollars spent. Do your thorough research before picking any cards and stay with the one that most suits your needs.