TOP 5 BEST CASH BACK CREDIT CARDS IN CANADA 2020 Credit Card Guide Chapter 1
Hey, this is Canadian Adrian wearing a T-shirt, today I am going to break Reduce the top 5 best cashback quotas for Canada 2019 greeting cards These five credit cards come with an annual fee, but their cash back value is higher You can make up for them as long as you use them, but those of you are really For small expenses each year, I will also have videos of the first five credit cards No annual fee, I will release the video for the next few days and I will also Add a link to each of the following credit cards in the description box You want to submit an online credit card application is a considerable expense As long as you pay off monthly If you do not do this, you will be charged a higher fee of 20% to 25% Interest on the debt, no investment or cash back to the world Can make up for this huge interest.
I set very strict for your work Budget, I track and control every single purchase I make with this budget I never worry about spending more money I ca n’t afford it, so I use credit Cards account for 99% of all purchases I pay with a credit card First of all I have two benefits of my daily credit score When I try to get a help mortgage to get a car loan or move in You can give me cash after the second purchase of the new apartment It ’s basically free, the money I get every year And if I use the debit card or cash I will get You may not have money to come back and wonder why I want to use the cash back card With cards based on points or rewards for me, you cannot beat Cash back, i know i will get hundreds in a year Cash back, it is free of tangible money with a certain reputation Cards that provide a lot of travel points or redeemable airline miles Things like flight holidays and hotels but these are definitely more Complicated, they force you to spend more money you can redeem These points are whatever the cash I received is returned But with travel mileage as an example, I wo n’t receive anything unless I decide Spend an expensive holiday overall like cash back credit cards because they Providing simplicity and freedom cost me my reward, but I want us to Jump to the list of each of these five credit cards I want to compare Their cash back rate is their annual fee extra The benefits they provide and other accompanying promotional offers let us From the beginning, it is my favorite cash back credit card of all time American Express only needs cash to take the lead in this card because it It looks really cool because of its simplicity, this card offers 2% Each purchase can be cashed back.
Other cards in this list may be provided 3% to 4% cash back, but only for certain types of expenses, such as There is no other card in the grocery market that provides 2% cash Because of this, I go back in all, especially to use this card on everything Cards for resort hotels and furniture when buying large quantities of air tickets and other goods Annual fee $ 99, but cash back 2% I have this card for four years for it Every year this car gives me $ 300 to $ 500 cash back minus $ 99 annual fee $ 200 to $ 400 The free money every year lets us quickly calculate whether This card is suitable for you. The annual fee is $ 99, we round it to one If we divide 100 by 2% or 0.02 we get 100 USD if you spend at least 5000 USD on this card a year Cash back can make up for the annual fee, you will go bankrupt Even if you spend $ 10,000 per year, you will get $ 200 cash back minus $ 99 annual fee, which is $ 100 right there This credit card is recommended, but only if you spend at least $ 10,000 per year, Less than this, you will be able to live better without an annual fee American Express only needs a cash card to talk about this card and more for free Credit card in my upcoming video Another powerful feature provided by this card It is free of damage and theft insurance.
I used to rent a car every time For a few weeks and used my American Express card in the rental company, it saved me a bit Every time I rent insurance for $ 70, another great feature is As long as there is a concert or The basketball game announced that I can use my American Express to buy three tickets The public put the last cherry five days before they started selling Above if you click In the description box below, you will receive a 5% cash back promotion period First six months or $ 6,000, whichever comes first 5% rebate per order to buy the first six products Get up to $ 300 cashback plus within a few months The regular 2% cash back promotion period has just ended Not all suppliers accept U.S. express cards, especially smaller ones Loblaws, Sobeys and Walmart, they will all accept American Express but some smaller sandwiches Stores or smaller convenience stores may not accept American Express And they may accept Visa or that ’s why I always carry MasterCard with me Bring an additional Visa card with you if you do not accept American Express 2% cashback plus free car rental insurance and early Getting concert ticket sales is enough to make this credit card all my time Favorite, but this 5% cash back registration bonus really consolidated The undisputed king of cashback, my second favorite credit card is Scotiabank Momentum Visa Infinite Card This is actually the oldest credit I have this card and it was one of them when the game changer came out Rebate rate for certain types of fees for the first card offering higher cash You will notice that my choices No.
3 and No. 4 are definitely trying to copy Scotiabank Momentum is unlimited, but for me it turned out to be the best one for this card Provide up to 4% cash back groceries and recurring bill payments Any purchases you make at the grocery store such as Sobeys Loblaws or Metro will give You will get 4% cashback purchase is essentially 4% Everything in the store has discounts. Better yet, I hang it every month Payment to Scotia visa, including my mobile internet provider my Netflix Account and my 407 highway toll, I get a 4% cash back on all of them For me, grocery and bill payment are my biggest expenses, so these 4% Cash back is of great significance to me. This card also provides 2% cash back Gas and transportation including things like Uber and buses pass the card Also provide 1% cash back everything else is standard My strategy is to use a Scotia visa to get a 4% cash back at the grocery store And all my monthly bills, then use my American Express card to enjoy 2% The annual fee for returning all other cash to this credit card is quite high At $ 120 but you only need 4% cash back Spend $ 3,000 per year to make up only $ 250 per month, More cash back than groceries and bills is well worth the year This card also comes with a list as generous as Americans Courier card it provides free car rental damage as well Anti-theft protection also provides flight delay and cancellation protection Emergency travel medical insurance and this is a very cool free phone Buy new equipment insurance using Scotia visa mobile phone If your phone received a compensation of up to $ 1,000 for scratching damage or destroying them also By giving up the annual fee for the first year is It ’s worth $ 120 and this card is even better, I only I really need these two cards, American Express and Scotia visa Maximize my cash back until the next two cars on my list and some Incredible No.
3 signing offer with TD cash back Visa Infinite card This card appeared last year, it was designed to be direct Competing Scotia Visa Infinite This card offers very similar cash back The structure of the Scotia visa has been altered and adjusted to make it Some users better choose this card to provide 3% cash back Grocery store gas and recurring bills less than 4% cash back Scotia provides groceries and bills but cash back more than 2% Gasoline provided by Scotia gets everything else 1% The annual fee for cash back is also US $ 120, so you will need to spend at least US $ 4000 $ 330 a year for groceries One month, so this card will definitely make up for the annual fee if you spend money Make a lot of money with gasoline every month. Suppose you have an hour of commute Work every day, or you as a super job driver or truck driver, then this 3% Gasoline cash back will be my personal victory for you I spend more money on groceries and bills than I do with gasoline, which is why I prefer 4% cash back from Scotia exceeded TD, but TD did not give up Simple TD cashback is very unique system.
Credit card company pays a fixed annual rebate Arrange for American Express to pay their Scotia visa fee back in September It expires in November, but TD ’s cashback can be redeemed at any time At least $ 25 can be exchanged for cash when you have cash back You can return to the whole year anytime, anywhere This flexibility, you do n’t have to wait until November to receive cash Whenever you need TD Visa Infinite provides many They all provide emergency Scotia visa travel medical insurance and free cars Rent insurance, but really neat and tidy The feature provided by TD is free roadside Help, so if you have a flat tire or you need a trailer, or you need Quickly start your engine TD luxury car club will be in charge You can get this TD visa for free with CAA membership Into it, but the best thing about TD unlimited visa is its promotional bonus This is the most impressive registration bonus I have ever seen on a credit card The annual fee is waived for the first year, which is $ 120, but The best part is that this card provides 10% cash back to the first of all purchases Three months or $ 2,000, whichever is the first is essentially for you Everything is eligible for a 10% discount for the first three months after purchase After the promotion period ends, you will receive a standard 3% cash back cash Groceries and bills, plus TD cash back can be exchanged at any time, so you do n’t have to Must wait until the end of the year even if you do n’t want to get the money I will still apply and use this 10% if I keep this card Promotion cashback and use it for the first year free of annual fee The first year, as long as you cancel before the 1 year mark touches this card Won't cost you any money at all, you will have a lot of cash Consumption and ranking fourth, we have a CIBC unlimited dividend Visa card, which is The latest cards on our list are very similar to Scotia infinite and Scotia infinite This card provides 4% cash back of groceries for TD Unlimited Visa Card and Interestingly, petrol also comes.
Tim Hortons has 2% cash back And Telus, strangely, it offers 1% cash back This is the best card when the cash back is 4% of everything else It involves gasoline, so if you drive, I will definitely consider CIBC Scotia Visa and TD Visa Unfortunately, it only provides 1% Cash back on bills, and Scotia and me cash back is 4% The monthly bill is that my biggest expenditure is much more than gasoline, which is why I prefer the Scotia visa to the smaller annual fee, which is only $ 100, so You need to spend $ 2,500 per year on natural gas and groceries The breakeven is only $ 208 a month for gasoline and groceries, so this car Should be sure to pay the CIBC unlimited visa discount Basically the same insurance benefits as all three of Scotia and TD They provide emergency travel medical insurance flight delays and cancellations Protection and free car rental insurance but unfortunately, CIBC does not Provide free roadside assistance TD or free mobile insurance Provided by Scotia, but the best thing about the CIBC dividend unlimited visa is Its promotional bonus is basically the same registration bonus as the TD visa The first year is free of annual fees.
I like the value of that $ 100 Provide 10% cash TD visa to return all purchases of the first four Month or $ 2000, whichever is the higher, which comes first, so they are basically Give you a 10% discount on the first four items you purchased A few months after the end of the promotional period, the card returned to the standard 4% 4% cash back for natural gas and groceries but unlike TD, you cannot cash this cash Go back, as long as you want CIBC, you must wait until December every year The promotional offer that received your money is still incredible, even You don't want to keep this card, I will still recommend applying Maximize 10% cash back, use this card for free for the first time As long as you cancel the card before the one-year market, it will not cost You are one thing, in the fifth place, the family trust preferred visa, this is My most unique and obscure card lists this is the only one of my top 5 There is no annual fee card to pay for 1% cash back of everything No annual fee, this is already a pretty decent card that this card really shines Although it is all credit cards when you perform foreign currency transactions Charge foreign currency exchange fees to shop anytime Except for the Canadian dollar, the currency exchange fee is usually If you travel outside of your country, it ’s about 2.5%.
It ’s Canada every time you use your credit Your card will charge you an additional 2.5% fee The Canadian dollar value you buy even if you pay the 2.5% fee You are in Canada if you mistakenly shop on amazon.com Instead of amazon.ca you buy dollars etc. You will need to pay an extra 2.5% of the huge purchase price The priority visa for family trust is This card will not charge you a currency fee. There was a conversion fee, so if I purchased One hundred dollars shoes use this home trust preferred visa I only pay Canadian equivalent is approximately US $ 132 Canadian dollars, use any other credit card, they will charge me Because of the 2.5% savings, an additional $ 3.30 was paid Usually pay your 2.5% currency exchange fee The card basically gives you 2.5% cash back in any foreign currency Purchased, and this card already has 1% cash back to you It can be considered that this card provides you with a 3.5% cash back All foreign currency purchase rates I Every time I use this credit card Buy something from the US site in US dollars, no matter when I travel If it is not enough, a home trust visa outside Canada is also provided free of charge Road rescue is like TD unlimited card There are significant annual fees in the other cards in this list, if you The cost is not high enough to use these cards at home Trust visa but no annual fee to provide 3.5% cash 1% Canadian cash back for all foreign currency purchases returned There is really no reason to buy and free roadside assistance at all costs I do n’t know if I want to use this credit card to throw a lot of information to you So let ’s summarize the top five cashback credit cards first American Express only needs cash priority to provide you with 2% cash back All content comes with an annual fee of $ 99 and all standards Benefits include early promotion of concert tickets Bonus, this card will bring you 5% cash back for the first six months Scotia unlimited visa provides you 4% monthly cash back for groceries And charge 2% natural gas cash back and transportation and 1% cash back This card comes with an annual fee of $ 120 for all other features, Provide standard benefits and mobile device insurance for promotions This card will waive its annual bonus TD for the first year now Unlimited Visa Card can provide you 3% cash back of grocery bills and Gasoline and 1% cash back All other items included with this card are priced at $ 120 An annual fee of $ 120 with all standard benefits In addition, it can also exchange cash to balance the balance anytime, anywhere Provide free roadside assistance A huge 10% cashback on your purchase In the first three months, it will waive the annual fee for the first year CIBC Dividend Unlimited Visa This card provides 4% cash back 2% for grocery and gasoline fees About Tim Hortons and Telus payments, and 1% cash back The annual fee for this card is $ 100 and it only gives you the standard Benefit card as a promotional offer will give you 10% cash back For the first four purchase months, it will be free of annual fee Trust Visa Card for the first year of entering the family This card can provide you with 3.5% cash back Currency purchase and 1% cash back to everything else that this card does not Annual fee, it provides free roadside this card without any help Promotional bonus, but there is no annual fee, you really do n’t need any additional fees Since Scotia TD Bank and CIBC visas are similar You really only need one of these three cards, so let ’s try to break it down, See which card is best for maximizing cash back Express card has provided 2% cash back everything So all these 2% or lower cash back rates are meaningless, we can Just use American Express for them and basically all three cards The annual fee remains the same, so we will exempt them from tidying up the table You can see that we only care about 4% or 3% cash back The room rate Scottish visa is the only one offering 4% cash back, so If you are like me, the monthly bill is your biggest expense and I will go Scotia Visa CIBC is the only visa that provides 4% gasoline, so If you drive a lot, you should choose the CIBC visa, and finally if you Groceries, gasoline and monthly bills are probably even TD visa No matter which one is the best choice, the three cards you choose should be Still apply for TD and CIBC visa utilization 10% Promotion cash back, then cancel before the end of the first year, and This is how you make a decision between Scotia and TD and CIBC unlimited visas are coming to an end The family trust visa for this form should be in foreign currency And should use the American Express card for everything else in my next video I will discuss in more depth what you should do to maximize your total cashback The combination of these five cards and there, that's my top five Canada's best cashback credit card for 2019, please remember I have included a link Each credit card in the description if you are in the box below Want to submit an online application and if the annual fee for these credit cards Scare you away and watch my upcoming video About the top 5 best No Fee cash back to Canada credit cards thank you The guy watching, must like, comment and subscribe if you find this video Useful, please let me know if you use any or all of the following comments These credit cards, if any, I miss your card Recommend Thank you, I will see you in the next episode Canadian bye T-shirt
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