Best No Fee Cash Back Credit Cards in Canada 2017

Best no annual fee cash back credit cards in Canada

Canadian banks love to gouge us with fees - even raising them while raking in record profits for themselves...

It's no wonder pretty much everyone hates fees!

I'm right there with you, I normally go out of my way to avoid fees too. I've been taking advantage of no-fee virtual banking basically since it began in Canada. I hopped right from a free student account into a no-fee President's Choice Financial account and have stuck with it ever since.

But, there are actually some times when it makes sense to pay a fee.

When dealing with cash back credit cards, simple math can show you if higher cash back rewards will cover the cost of a premium card's annual fee. If so, then it's absolutely worth it to pay the fee. Not only will you end up with more money in your jeans, but you'll also benefit from better insurance coverage and perks.

Even still, there are many people who want to completely avoid fees out of principal. Fees suck and you may even be worried that paying the fee will pressure you to overspend. If that's you, then this no fee cash back card analysis is just what you need.

Best Cash Back Credit Cards With No Annual Fee

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Best Cash Back Credit Cards in Canada 2017

Best cash back credit cards in Canada

You could be earning up to 3x the cash back by choosing the best cash back credit card compared to just walking into your bank and taking whatever one they offer you.

For example, if your family spends a reasonable $25,000 annually on credit, you would net $125 in cash after fees with the worst cards. The top ranked card on my list would earn you $411 every year - big difference, eh?

But, there's more than just max cash to consider...

You also need to think about annual fees, sign up bonuses, increased cash on purchases like gas and groceries, insurance coverage, and other perks. Not to mention subtle details like how the cash back is paid to you (statement credit, cheque, direct deposit), caps and tiers on your earnings, and how often the cash is paid out.

I've taken all these things into account - and more - with my unbiased ranking system. You won't find that anywhere else.

2017 Cash Back Credit Card Rankings

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The War On Debt: Spending Blindly With Plastic

The war on debt: spending blindly with plasticWhen I was newly married in the nineties, we used a cash envelope system to control our weekly spending. We’d guess how much we needed for groceries, gas, entertainment, personal items, etc.

Each time we spent money, we replaced it with a receipt. And when the money was gone…

We had no more to spend until next pay.

Being a visual person, I liked this method. But as debit technology grew, my husband gravitated to it quickly. Because he thought cash was too easy to fritter away.

Little did we know how easy it is to fritter money away by debit, too.

Invisible Money

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Money-Saving Tips For Your Home Business

Money-saving tips for your home-business 

You might think that starting your own home-based business is a guaranteed money-maker…

After all, you’re keeping your costs low, you’re making smart decisions, and you’re disciplined about tracking your time.

But here’s the reality:

Income is often irregular which means cash-flow can be tight.

Sometimes we get too busy keeping the business afloat to realize we’re missing opportunities to correct the bottom line. So yes, small-business owners often struggle with their finances.

The good news?

We can do something about it.

Be it a full-time gig or a side hustle, here are a few tips to help cut business costs when working from home.

Save on software

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