Cash back credit cards have been a top choice for many Canadians in recent years. Having these flexible rewards cards handy can allow you to earn free money and save on certain purchases. But it’s not that easy. Many cash back credit cards require a high annual fee to earn a decent reward. This is why I’ve compiled a list of the best no fee cash back credit cards in Canada. Check it out.

1. TD Cash Back Visa Card

Key Card Details

• No annual fee
• 19.99% purchase interest
• 22.99% cash advance interest
• Free supplementary card
• Apply through this secure link

If you’re looking to earn cash back on the things you purchase every day, the TD cash back Visa card is a great way to do so. Since it’s issued by one of Canada’s Big 5 banks, it’s easy and convenient to use. Plus, since it’s a Visa card, you can use it almost anywhere – online, at the grocery store, and even for emergencies.
It offers a 1% cash back return on eligible grocery and gas purchases and 0.5% on every other purchase.
When your Cash Back Dollars balance reaches $25, you can redeem them for credit towards your account balance. And the best part is that your Cash Back Dollars never expire as long as your account is open and in good standing.

2. MBNA Rewards Platinum Plus Mastercard

Key Card Details

• No annual fee
• Flexible point redemption
• Earn birthday bonus points
• Mobile device insurance
• Apply through this secure link for a $50 cash back rebate

The MBNA Rewards Platinum Plus Mastercard is one of Canada’s best no fee credit cards.

You’ll earn 4 points for every $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases during the first 90 days as a cardholder. After that, you’ll earn 2 points for every $1 spent on eligible purchases in those categories. In both cases, these earn rates apply until $10,000 is spent annually in the applicable category. And finally, you’ll receive 1 point for every $1 spent on all other eligible purchases.

New card holders can get 10,000 bonus points, which is detailed as follows:

• 5,000 bonus points ($25 in cash back value) after you make $500 or more in eligible purchases within the first 90 days of your account opening.
• 5,000 bonus points ($25 in cash back value) once enrolled for paperless e-statements within the first 90 days of account opening.

Each purchase is eligible for flexible rewards, which you can redeem for different perks, like travel, gift cards, and statement credits. Plus, you’ll receive Birthday Bonus Points equal to 10% of the total number of points earned in the 12 months before your birthday, to a maximum Birthday Bonus each year of 10,000 Points.

3. Tangerine Money-Back Credit card

Key Card Details

• No annual fee
• Unlimited 2% cashback on two spending categories
• Apply through this secure link for a cash back rebate of $125 (Cash back boost until June 30).

The Tangerine Money-Back Credit Card offers card holders a competitive cashback reward on two category purchases. You’ll earn 2% cash back rewards on purchases in two 2% Money-Back Categories of your choice. And 0.5% Money-Back Rewards on all other purchases. The best part is that you can change your 2% Money-Back Categories to suit your spending.
If you apply for this card today by July 31, 2022, you’ll earn 10% back on up to $1,000 in everyday purchases made within your first two months.
You earn cash back rewards automatically on your Credit Card and are paid monthly to your Savings Account or applied towards your Credit Card balance.

In conclusion

If you are looking for the best no fee cash back credit cards in Canada, look no further. All of the above credit cards offer excellent rewards with no annual fee.