Canadian Rewards Credit Cards |
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A rewards card is a credit card that offers you the opportunity to earn different types of rewards based on your usage of a particular rewards card. The way you earn and accrue rewards varies and will be detailed in the card agreement. Rewards cards have become popular in recent years as people have started to realize that they are going to use their credit cards anyway, so therefore they might as well be rewarded for it. Those who know how to play this game can end up saving a lot of money. Those who don’t on the other hand, can end up in financial trouble. What types of rewards are offered on these reward cards? The most common rewards include cash-back rebates, airline frequent flyer credits, gas rewards, and discounts at specific stores and entertainment venues. With so many different rewards cards available today, choosing the right one is a difficult process. One approach is to start by determining which of the rewards being offered best suits your buying habbits. If you rarely travel by air then a card offering frequent flyer miles probably won’t be for you. If, on the other hand, you drive a lot, then a rewards card offering gas rebates might suit your needs better.
| Reward Credit Cards | Issuer | Interest Rate | Annual Fee | |
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Citi PETRO-POINTS MasterCard | Citibank Canada | 19.99%, 22.99% on cash advances | $0 |
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Canadian Tire Gas Advantage MasterCard | Canadian Tire Bank | 25.99% | $0 |
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Capital One Cash Back Plus Platinum MasterCard | Capital One | 19.8% | $79 |
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RBC Royal Bank Esso Visa Card | Royal Bank | 19.99% | $0 |
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BMO Shell Air Miles MasterCard | BMO - Bank of Montreal | Unknown | $99 |
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Canadian Tire Options MasterCard | Canadian Tire | 25.99%, can be as low as 10.99% | $0 |
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Canadian Tire Cash Advantage MasterCard | Canadian Tire | 25.99% | $0 |
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CIBC Aerogold Visa Card | CIBC | 19.5% | $120 |
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Walmart MasterCard Canada | Walmart Canada Bank | 18.99% | $0 |
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HSBC MasterCard | HSBC | 19.9% or 12.9% | $0 or $25 |
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HSBC Advanced MasterCard | HSBC | 17.9% | $25 |
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HSBC Premier MasterCard | HSBC | 12.9% | $0 |
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MBNA WorldPoints MasterCard | MBNA | 19.99% | $29 |
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Platinum Plus Rewards MasterCard | MBNA | 19.9% | $0 |
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HBC MasterCard | HBC | The greater of 19.95% or prime + 17% | $0 |
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President's choice MasterCard | President's Choice Financial | 19.97% | $0 |
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Scotiabank Cineplex Scene Visa Card | Scotiabank | 19.5% | $0 |
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Citi STAPLES easyRewards MasterCard | Citibank Canada | 19.99%, 22.99% on cash advances | $0 |
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Club Sobey's MasterCard | Bank Of Montreal | 19.99% | $0 |
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TD Rebate Rewards Visa | TD Canada Trust | 19.75%, 21.5% on Cash Advances | $0 |