Top Cash Back Credit Card Offers for April 2017
Personally, I am still not a big fan of cash backs (mostly because of the lack of significant sign up bonuses), but it seems to be a big trend in Canada. Either way, there are still some decent options to look out for.
By the way, thank you Greg, for some feedback last time. I updated the posts accordingly this time around.  Keep in mind that in most cases, the emphasis is really more on the promotional offer.
Also, you can always check out my Top Cash Back Credit Cards page, which is frequently updated. Unlike that page, which includes permanent bonus offers, this post only lists temporary promotional offers, which I have listed by annual fees:
- No annual fee
- Earn 4% cash back, up to $125 in the first 4 months (if you apply before August 31, 2017)
- Earn 1% cash back on all other purchases
- No annual fee
- Earn $60 cash back (if you apply before August 31, 2017) (earn $30 cash back after the first purchase and earn an additional $30 cash back after spending $1,000 in the first 3 months)
- Earn 1% cash back on all purchases
Scotia Momentum Visa Card
- $39 annual fee (first year fee waived if you apply before July 31, 2017)
- $15 annual fee for a supplementary cardholder
- Earn 2% cash back for every $1 spent on gas, grocery and drug store purchases, as well as recurring bill payments
- Earn 1% cash back for every $1 spent on all other purchases
Scotia Momentum Visa Infinite Card
- $99 annual fee
- $30 annual fee for a supplementary cardholder
- Earn 5% cash back in the first 3 months or the first $3,000 in purchases (if you apply before April 30, 2017)Â
- Earn 4% cash back for every $1 spent on gas and grocery purchases
- Earn 2% cash back for every $1 spent on drug store purchases and recurring bill payments
- Earn 1% cash back for every $1 spent on all other purchases
CIBC Dividend Visa Platinum Card
- $99 annual fee (first year fee waived if you apply before June 30, 2017)
- $30 annual fee for a supplementary cardholder (maximum 3 cards)
- Earn 4% cash back on gas and grocery purchases
- Earn 2% cash back on Tim Hortons and TELUS purchases
- Earn 1% cash back on all other purchases
CIBC Dividend Visa Infinite Card
- $99 annual fee (first year fee waived if you apply before June 30, 2017)
- $30 annual fee for a supplementary cardholder (maximum 3 cards)
- Earn 4% cash back on gas and grocery purchases
- Earn 2% cash back on Tim Hortons and TELUS purchases
- Earn 1% cash back on all other purchases
BMO CashBack World Elite MasterCard
- $120 annual fee
- Earn 4% cash back on all purchases (up to $250 cash back or $6,250 in spending) in the first 4 months (if you apply before August 31, 2017)
- Earn 1.75% cash back on all purchases
Hello Matt,
Can you share some insights about your current strategy portfolio?
Sure, I can look into a post about that.
For the cards with an annual fee, it would be nice to note how and when the cash is paid (once on the anniversary date as a statement credit, any time as a cheque, etc) so that I know if I’ll be able to get the cash before paying the annual fee 🙂
Good suggestion, I will add the method of payment into next month’s list!
I think I’ve seen that the AMEX cards give you the statement credit in September of every year
Sounds about right!
From the footnotes of AMEX:
“Provided your account is in good standing, cash back can be earned on purchases less returns and other credits. Cash back is applied as a credit to your account annually and will appear on the statement issued in September of each year.”