Best Rewards Credit Cards in Canada for 2020

The MBNA Smart Cash Platinum Plus MasterCard is great for families and people want to earn cash back on gas and groceries without paying for an annual fee. With a generous accelerated cashback promotion on the first six months and 2% cash back on groceries and gas the succeeding months, it remains the best no-fee rewards credit card in Canada.

Get it if you want to apply for a credit card that has a lower personal income requirement, don?t spend more than $500 on gas and groceries per month, and want the flexibility to redeem your rewards.

• Accelerated cash back - This credit card gives 6% cash back on eligible gas and groceries for the first 6 months with a $500 cap per month.
• No annual fee - This feature gives you a chance to test this card out with no risk on your part.
• Low income requirement - A great credit card for those who are starting out, the lower income requirement makes it easier to qualify and apply for this card. It's perfect for young families.

Regarded as the best no-fee cash back credit card in Canada, Tangerine provides no annual fee, a lucrative 2% cash back in up to 3 merchant categories, and 0.5% on all other purchases with no caps, tiers or limits. It provides choice, value and convenience to beginner credit card users and even works great as a secondary credit card.

• No annual fee -The no annual fee for both primary and secondary holders means that you are not paying for your cash back.
• Unlimited rewards -Earn as much cash back rewards regardless of the category.
• Automatic monthly cash back redemption -Every month, Tangerine will either apply your cashback dollars against your credit card balance or deposit it directly into your Tangerine Savings Account.
• Flexibility - You can choose 2-3 categories for the 2% cash back and change categories once every 90 days to match your spending pattern.
• Get more rewards -Maximize your credit card rewards by choosing another cash back credit card that has bonus categories and using your Tangerine card to expand and get more bonus categories.

The CIBC Aventura Visa Infinite Card is jam-packed with benefits with an alluring starting bonus, NEXUS application rebate, travel and mobile device insurance, and perks that make travelling easier and more comfortable. Plus, with the waived annual fee on the first year, there is no reason not to get this great travelers and rewards card.

• Lucrative welcome offer ? With a special offer of up to 20,000 points and $120 credit, this travel credit card will fast track your travel plans.
• Upgraded travel experience ? Free memberships to Priority Pass airport lounges and the NEXUS program will take your airport experience to the next level. This means that you can skip line ups between the US and Canada and gain access to over 1,200 international airport lounges that commonly feature topnotch perks such as showers, free Wi-Fi and more!
• Premium travel insurance ? Get covered with emergency medical insurance, trip cancellation and bag loss insurance, rental car coverage, and hotel burglary insurance.
• Mobile device protection ? This credit card reimburses you up to $1000 for a mobile device that is lost, stolen or accidentally damaged.

With a generous rewards rate of 5 points per dollar on gas, groceries, restaurants and entertainment, the Scotiabank Gold American Express Card will help make your travel plans a reality. Plus, with a flexible points program, you can book you flights on your own schedule.

• Generous sign-up bonus -The Scotiabank Gold American Express® offers a way for new cardholders to quickly stockpile points. It lets you earn 20,000 bonus points in your first year. 
• Flexible redemption options - With the Scotia Rewards Program, you can book your travel with any airline or hotel through its full-service travel agency. You can use your points to cover the whole cost of the trip, including taxes and fees, or combine your points and a charge to your card. Points can also be used to book hotels and rental cars.
• Travel convenience - Added features such as rental car discounts and hotel room upgrades are designed to make travel as convenient and comfortable as possible.
• Additional protection - This Amex credit card provides has one of the most comprehensive travel protection benefits with insurance against flight delays and lost baggage even insurance against burglaries.

For people who love to eat and drive, the Scotia Momentum VISA Infinite Card is the best rewards credit card with a fee. It provides an unrivaled 4% cash back on food and gas along with 2% on recurring payments and drugstore purchases, and 1% on the rest. On top of that, this card also comes with comprehensive insurance benefits and concierge benefits.

• Welcome bonus  The whooping 10% cashback bonus on the first three months is a very delicious offer to refuse.
• No-nonsense rewards Rewards are clear, transparent, easy to earn and easy to redeem. Cash back rewards are paid out annually either as a deposit to eligible chequing or savings account or credited to your credit card statement.
• Enhanced insurance package The improved insurance package is comparable with other more premium cards. It provides comprehensive coverage on travel, including rental car collision loss or damage as well as purchase security and extended warranty protection.