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1. www.moneysense.ca › spend › credit-cardsThe best cash back credit cards in Canada for 2024

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   Sep 27, 2024 · For example, if you spend $200 per week on groceries ($800 per month), you’ll earn 3% on the first $500 and 0.5% on the other $100, for a total of $15.50 in cash back per month. How...

2. www.nerdwallet.com › best-cash-back-credit-cards12 Best Cash-Back Credit Cards in Canada for October 2024

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   • Email: CAN-legal@nerdwallet.com

   • SPECIAL OFFER: Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). No annual fee in the first year, including on supplementary cards.
   • Earn 4% for every $1 you spend on grocery store purchases, recurring bill payments, and subscription purchases.
   • Earn 2% for every $1 you spend on gas purchases and daily transit purchases.
   • Earn 1% cash back on all other purchases with no cash back limit.

3. Videos

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     How Does Cashback Work on a Credit Card? (What is Cash Back?)

     Aug 4, 2023

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     Cash Back Credit Cards: How Do They Work? | Capital One

     Apr 27, 2022

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     Cash Back Credit Cards: How Do They Work? (EXPLAINED)

     Mar 23, 2021

     63.2K Views

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4. www.rbcroyalbank.com › credit-cards › toolsCredit Card Cash Back Calculator Canada - RBC Royal Bank

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   Looking to calculate the cash back you can earn on credit cards in Canada? Try the RBC Credit Card Cash Back Calculator to know how much you can make in a year and explore the benefits of our cash back credit cards.

5. www.moneysense.ca › spend › credit-cardsHow cash back credit cards work - MoneySense

   www.moneysense.ca › spend › credit-cards

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   Jul 24, 2024 · How earn rates work. When you get a cash back card, you’ll earn a percentage of your purchases back in cash. How much you earn, and on which kind of purchases, depends on the card you have.

6. www.forbes.com › ca › credit-cardsBest Cash Back Credit Cards In Canada For October 2024 - Forbes

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   19.99% – 29.99% / 22.99% – 31.99% Best Cash Back Cards in Canada for October 2024. Best for cash back at bars and restaurants. Simplii Financial™ Cash Back Visa* 5.0. Apply Now. On Simplii...

   • The CIBC Dividend Visa Infinite card will earn you the most in net annual cash back at $537.50 and $657.50 in your first year, when the annual fee...
   • The SimplyCash Preferred Card from American Express offers a $40 statement credit for each monthly billing period in which you spend $750 for your...
   • The BMO CashBack World Elite Mastercard offers 5% cash back on grocery purchases up to $500 per billing cycle.
   • The Rogers World Elite Mastercard offers 1.5% cash back on all purchases not in U.S. dollars (that would be 3%) with no spending caps. Plus, you ge...
   • Many cash-back cards have limits on bonus cash back earnings in specified categories. That said, there is usually no limit to how much cash back yo...
   • Generally, cash back earned from personal spending is not considered taxable. It is classified as a discount and is not considered income.
   • The Scotia Momentum Visa Infinite Card gives the best cash-back rate on recurring bill payments at 4%, the highest cash-back rate offered on bills...
   • Yes. If the idea of credit cards is to post purchases to the credit card and then pay them off, any cash back you can get to reduce your balance is...

7. www.forbes.com › advisor › caHow Does Cash Back Work? – Forbes Advisor Canada

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   How much you earn with cash-back cards depends heavily on the amount you spend and your strategy to maximize rewards. Here are a few practical strategies to help you earn more cash...

8. People also ask

   How much cash back does a credit card earn?

   • Cardholders will earn 3% cash back on each of their purchases made in U.S. dollars, which nets them 0.5% after factoring out the foreign transaction fee (2.5%). If you’re a U.S. frequent traveler and cash back is your favorite credit reward, this is the only card you should have in your wallet!

   Best cash back credit cards in Canada - Money.ca

   money.ca/credit-cards/best-cash-back-credit-card-canada

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   Do you get cash back if you pay with a credit card?

   • When you do your shopping, eligible purchases will earn you cash back. You’ll earn cash back twice if you pay with your cash-back credit card. Should I choose cash-back or rewards points? Answering this question depends on what you’re looking to get out of your credit card.

   12 Best Cash-Back Credit Cards in Canada for October 2024

   www.nerdwallet.com/ca/credit-cards/best-cash-back-credit-cards

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   How much cash back does a credit card pay out of pocket?

   • Cash-back rates typically range from 1% to 5%, so you will still be paying for the majority of your purchase out of pocket. For example, if your card pays a flat cash-back rate of 1.5% and you spend $100, you’ll earn just $1.50 in cash back, meaning your total out of pocket for the purchase will be $98.50.

   How Does Cash Back Work? – Forbes Advisor Canada

   www.forbes.com/advisor/ca/credit-cards/cash-back/how-cash-back-works/

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   How does a cash back card work?

   • When you get a cash back card, you’ll earn a percentage of your purchases back in cash. How much you earn, and on which kind of purchases, depends on the card you have. Cards may offer different bonuses for different spending categories, perhaps with limitations (such as a cap on points you can earn at the accelerated earn rate).

   How cash back credit cards work - MoneySense

   www.moneysense.ca/spend/credit-cards/how-cash-back-credit-cards-work/

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   How do you earn cash-back rewards with a credit card?

   • You’ll need to make purchases to earn cash-back rewards with a credit card. For example, let’s say you have a card that offers 2% cash back on groceries. If tomorrow’s weekly run to the supermarket winds up costing you $100 and you pay with your card, you’ll earn $2 in cash-back rewards.

   12 Best Cash-Back Credit Cards in Canada for October 2024

   www.nerdwallet.com/ca/credit-cards/best-cash-back-credit-cards

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   Should you buy a cash-back credit card with a yearly fee?

   • When it comes to a cash-back credit card, you want to make sure the annual fee doesn’t negate any cash back rewards you earn. A no-annual-fee cash-back card is your safest option. But, if you crunch the numbers and have an idea of your typical spending, a credit card with a yearly fee might pay off.

   Best Cash Back Credit Cards In Canada For October 2024

   www.forbes.com/advisor/ca/credit-cards/best/cash-back/

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9. money.ca › credit-cards › best-cash-back-credit-cardBest Cash Back Credit Cards in Canada 2024 - Money.ca

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   Cash back cards vary in the percentages of cash back that you can earn, how often the cash back is paid out (ie: monthly or annually), as well as how much cash back you can...