Top Cash Back Credit Card Offers for March 2020
Amid all the travel bans, yesterday we wrote a post about whether it makes sense to switch over to cash back credit cards instead of continuing to earn miles and points, which is a great seaway into today’s post.
All the CIBC and National Bank offers came to an end last month and they did not extend, so the list really trimmed down significantly this time around. TD switched around its offer but the next significant offer coming to an end this month is the Tangerine Money-Back Credit Card with its no annual fee, $250 sign up cash back bonus. So if you are still thinking about this card, I would go for it now. The BMO offers are also coming to an end this month.
Top No Annual fee cash back credit card offers for March 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
- 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 March 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
TD Cash Back Visa Infinite Card
- $120 annual fee (first year fee waived if you apply before May 31, 2020)
- $50 annual fee for supplementary cardholders
- Earn 6% cash back on all purchases (for the first 3 months, up to $2,000 in spending) (if you apply before May 31, 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
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.
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!
The BMO CashBack MasterCard might be more appealing to some after the new earning tiers become effective in June. Instead of earning 1% on all purchases, you will earn 3% cash back on groceries (up to $500 monthly spending), 1% cash back on recurring bills (up to $500 monthly spending), and 0.5% cash back on all other purchases.
The current welcome offer on the BMO website says it ends on Oct 31st: Get up to 5% cash back in the first three (3) billing cycles from the account open date up to a maximum of $2,000 ($100 cash back) and a 1.99% introductory interest rate on Balance Transfers for 9 months with a 1% transfer fee.
Good point JB about the BMO card, thanks for sharing your thoughts!