Top Cash Back Credit Card Offers for February 2020
Quite a few promotions will be ending on this list (end of February or early March) before it makes it to our next list. So if you have a card in mind, now’s the time to get it.
Note that this post focuses on temporary offers. Our Top Cash Back Credit Cards page continues to list current offers that are not exclusive to limited time offers like this post.
Highlights
For this month’s list, I would look at the Scotia Momentum Visa Infinite Card, which continues to be the top credit card offer with its 10% cash back welcome offer, along with the first year fee waived. The Tangerine Money-Back Credit Card changed up its sign up bonus to $250 cash, which is very high for a no annual fee card actually.
On a minor note, Laurentian Bank Visa Dollars is offering a competitive first year fee waived and 8% cash back bonus that Laurentian Bank customers may want to consider.
Top No Annual fee cash back credit card offers for February 2020
Below is the list of the top no annual fee offers based on their upcoming expiry dates, with the most recent on top.
Tangerine Money-Back Credit Card
- No annual fee
- Earn $250 credit to your account (after spending $5,000 in the first 3 months) (if you apply before March 31, 2020)
- Earn 2% cash back on choice of 2 categories (3rd choice if you deposit the cash back into your Tangerine Savings Account)
- Earn 0.5% cash back on all other purchases
National Bank Allure MasterCard
- No annual fee
- Earn $120 cash back (earn $10 cash back for every $200 in monthly spending, up to $200) (if you apply before February 29, 2020)
- Earn 1 points for every $2 spent on all purchases
- No annual fee
- Earn $120 cash back (earn $10 cash back for every $200 in monthly spending, up to $200) (if you apply before February 29, 2020)
National Bank mycredit MasterCard
- No annual fee
- Earn $120 cash back (earn $10 cash back for every $200 in monthly spending, up to $200) (if you apply before February 29, 2020)
- Earn 1% cash back on restaurant purchases and recurring pre-authorized payments
- Earn 0.5% cash back on all other purchases
- No annual fee
- Earn 5% cash back (on first $2,000 in spending up to the first 4 months, if you add one recurring monthly bill payment and apply before March 1, 2020)
- Earn 2% cash back on grocery purchases
- Earn 0.5% cash back on all other purchases (on the first $6,000 of annual purchases)
- Earn 1% cash back on all other purchases (after the first $6,000 of annual purchases)
- Cash back awarded automatically on the December statement
CIBC Dividend Visa Card for Students
- No annual fee
- Earn 5% cash back (on first $2,000 in spending up to the first 4 months, if you add one recurring monthly bill payment and apply before March 1, 2020)
- Earn 2% cash back on grocery purchases
- Earn 0.5% cash back on all other purchases (on the first $6,000 of annual purchases)
- Earn 1% cash back on all other purchases (after the first $6,000 of annual purchases)
- Cash back awarded automatically on the December statement
- No annual fee
- Earn 5% cash back on all purchases (for the first 4 months, up to $2,000 in spending or $100 in cash back) (if you apply before March 31, 2020)
- Earn 1% cash back on all other purchases
- Receive cash back: (1) direct deposit into a BMO chequing, savings or InvestorLine account; or (2) a statement credit
- Redeem: (1) annually; (2) when a recurring amount has accumulated a minimum of $50 and in increments of $10; or (3) a one-time lump sum with a minimum of $50 and in increments of $10
Top Annual fee cash back credit card offers for February 2020
Below is the list of the top annual fee offers based on their upcoming expiry dates, with the most recent on top. Granted some of them offer first year fee waived offers.
- $65 annual fee (first year fee waived if you apply before April 15, 2020)
- No annual fee for a supplementary cardholder
- Earn $8% cash back on gas and grocery purchases (within the 3 months, up to $2,000 in spending) (if you apply before April 15, 2020)
- Earn 3% cash back on pre-authorized debits
- Earn 2% cash back on gas and grocery
- Earn 1% cash back on all other purchases
National Bank Syncro MasterCard
- $35 annual fee
- Earn $120 cash back (earn $10 cash back for every $200 in monthly spending, up to $200) (if you apply before February 29, 2020)
National Bank Platinum MasterCard
- $89 annual fee
- $35 annual fee for a supplementary card
- Earn $480 cash back (earn $40 cash back for every $500 in monthly spending, up to $480) (if you apply before February 29, 2020)
- Earn 1 point per dollar on all purchases
National Bank World MasterCard
- $119 annual fee
- $35 annual fee for a supplementary card
- Earn $480 cash back (earn $40 cash back for every $500 in monthly spending, up to $480) (if you apply before February 29, 2020)
- Earn 1.25 points per dollar in purchases (on the first $0 to $20,000 in purchases in an anniversary year)
- Earn 2 points per dollar in purchases (on the next $20,001 to $30,000 in an anniversary year)
- Earn 1.25 points per dollar in purchases (on $30,001 and more in purchases in an anniversary year)
- Have at least $60,000 in personal annual income, $100,000 household income or have $250,000 asset under management. Or $15,000 in minimum purchases per year (existing client only)
National Bank World Elite MasterCard
- $150 annual fee
- $50 annual fee for a supplementary card
- Earn $480 cash back (earn $40 cash back for every $500 in monthly spending, up to $480) (if you apply before February 29, 2020)
- Earn 1.5 points per dollar in purchases (on the first $0 to $40,000 in purchases in an anniversary year)
- Earn 2 points per dollar in purchases (on the next $40,001 to $80,000 in an anniversary year)
- Earn 1.5 points per dollar in purchases (on $80,001 and more in purchases in an anniversary year)
- Received $250 on seat selection, airport parking and baggage fees (annually)
- Have at least $80,000 in personal annual income, $150,000 household income or have $400,000 asset under management. Or $25,000 in minimum purchases per year (existing client only)
CIBC Dividend Visa Platinum Card
- $99 annual fee (first year fee waived if you apply before March 1, 2020)
- $30 annual fee for a supplementary cardholder (maximum 3 cards)
- Earn 10% cash back (on first $2,000 in spending up to the first 4 months, if you apply before March 1, 2020)
- 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
- Cash back awarded automatically on the December statement
Note, the 4% and 2% cash back are on the first $80,000 in total purchases (meaning all card purchases by all cardholders, at any type of merchant) or $20,000 on gas, grocery, TELUS or Tim Hortons purchases on your account, whichever comes first.
CIBC Dividend Visa Infinite Card
- $99 annual fee (first year fee waived if you apply before March 1, 2020)
- $30 annual fee for a supplementary cardholder (maximum 3 cards)
- Earn 10% cash back (on first $2,000 in spending up to the first 4 months, if you apply before March 1, 2020)
- 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
- Cash back awarded automatically on the December statement
Note, the 4% and 2% cash back are on the first $80,000 in total purchases (meaning all card purchases by all cardholders, at any type of merchant) or $20,000 on gas, grocery, TELUS or Tim Hortons purchases on your account, whichever comes first.
TD Cash Back Visa Infinite Card
- $120 annual fee (first year fee waived if you apply before March 2, 2020)
- $50 annual fee for supplementary cardholders
- Earn 10% cash back on all purchases (for the first 3 months, up to $2,000 in spending or $200 in cash back) (if you apply before March 2, 2020)
- Earn 3% cash back on gas, grocery and recurring bill payments thereafter (on first $15,000 in annual spending per category, including the 3 month bonus promotion)
- Earn 1% cash back on all other purchases
- Have at least $60,000 in personal annual income or $100,000 in annual household income
BMO CashBack World Elite MasterCard
- $120 annual fee (waived the first year if you apply before March 31, 2020)
- Earn 5% cash back on all purchases (for the first 4 months, up to $4,000 in spending or $200 in cash back) (if you apply before March 31, 2020)
- Earn 1.5% cash back on all purchases
- Receive cash back: (1) direct deposit into a BMO chequing, savings or InvestorLine account; or (2) a statement credit
- Redeem: (1) annually; (2) when a recurring amount has accumulated a minimum of $50 and in increments of $10; or (3) a one-time lump sum with a minimum of $50 and in increments of $10
Scotia Momentum Visa Infinite Card
- $120 annual fee (first year fee waived if you apply before April 30, 2020)
- $50 annual fee for a supplementary cardholder
- Earn 10% cash back on all purchases (for the first 3 months, up to $2,000 in spending or $200 in cash back) (if you apply before April 30, 2020)
- Earn 4% cash back for every $1 spent on grocery purchases and recurring bill payments
- Earn 2% cash back for every $1 spent on gas and daily transit
- Earn 1% cash back for every $1 spent on all other purchases
- Have at least $60,000 in personal annual income, $100,000 in annual household income or $250,000 in assets under management
Also, note that we also have two other top monthly lists ongoing:
Please let us know if you would like to see other types of monthly lists as or if we missed any credit cards in the comment section below!