Card Type: Cash back
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TD Cash Back Visa Infinite Card
3% across five categories with a separate $15,000 cap on each, rather than one shared pot. Nobody realistically exhausts $75,000 of bonus spending, so this is effectively uncapped for a normal household. $139 a year. 21.99% purchase APR.
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TD Cash Back Visa Card
The no-fee version of TD’s cash back card, and it is a third of the card. 1% on five categories capped at $5,000 each, and 0.5% on everything else. No annual fee. 21.99% purchase APR.
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RBC Cash Back Mastercard
A free card with an earn structure that runs backwards. Non-grocery spending starts at 0.5% and rises to 1% after $6,000, while groceries start at 2% and fall to 1%. No annual fee. 20.99% purchase APR.
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National Bank ECHO Cashback Mastercard
National Bank states plainly that there is no minimum income, which is rare. The cash back is modest and the bonus rate is capped against your total spending rather than your grocery spending. $30 a year. 20.99% purchase APR.
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Scotiabank Momentum Visa Infinite Card
4% on groceries and on recurring bills, which few cards pay well on. The first year is free, and it is a Visa, so it works everywhere. $120 a year. 20.99% purchase APR.
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Tangerine Money-Back Credit Card
You pick two categories to earn 2% on, there is no fee and no cap. The simplest card here to recommend, and the easiest to hold alongside something else. No annual fee. 20.95% purchase APR.
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Simplii Financial Cash Back Visa Card
4% on restaurants with no annual fee is a good headline, but the cap arrives at $5,000 of dining and the other categories share one pot. Not available in Quebec. No annual fee. 21.99% purchase APR.
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BMO CashBack World Elite Mastercard
5% on groceries is the highest rate here, but every cap is monthly rather than annual, which limits the card to roughly $672 of bonus cash back a year no matter how much you spend. $139 a year. 21.99% purchase APR.
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CIBC Dividend Visa Infinite Card
4% on both groceries and gas is a combination almost nothing else offers. Two spending caps run at once, though, and the tighter one arrives sooner than most people expect. $120 a year. 21.99% purchase APR.