- 5%Cash back on takeout, groceries and more
- 0.5%Cash back on all other purchases
New applicants can earn up to 25,000 BMO Rewards points in the first year, including 20,000 welcome points for spending $1,500.
Earn 5x the points on takeout, groceries and more.
The BMO eclipse rise Visa Card stands out as the top choice because it offers a no-annual-fee structure while providing generous rewards on everyday spending, making it ideal for those looking to build financial habits.
Pros:
- No annual fee
- Flexible rewards
Cons:
- Limited high reward categories
- Minimum income requirement may apply
2.Tangerine Money-Back Credit Card
Tangerine
- 2%Cash back in up to three customizable categories
- 0.5%Cash back on all other purchases
Get a bonus 10% cash back on everyday purchases in your first 2 months, up to a maximum of $100.
Earn unlimited 2% cash back in up to three customizable spending categories.
20.95%
22.95%
What sets the Tangerine Money-Back Credit Card apart is its flexibility, allowing cardholders to choose their preferred cash back categories, making it a great option for those who want to maximize their rewards on specific spending.
Pros:
- No annual fee
- Customizable cash back categories
Cons:
- Lower cash back on non-category purchases
- Limited to three categories
- 3%Cash back on groceries
- 1%Cash back on recurring bill payments
Earn up to 5% cash back in your first 3 months.
Get 3% cash back on groceries and 1% back on recurring bill payments.
21.99%
23.99%
The standout feature here is the BMO CashBack Mastercard's ability to earn high cash back on groceries, making it an excellent choice for everyday spenders who want to maximize their rewards without an annual fee.
Pros:
- No annual fee
- High cash back on groceries
Cons:
- Limited to specific categories
- Higher interest rates
4.Scotiabank American Express Card
Scotiabank
- 2%Cash back on eligible purchases
- 1%Cash back on all other purchases
Earn up to 10,000 bonus Scene+ points.
Earn Scene+ points on everyday purchases.
21.99%
22.99%
This card shines for its no-fee structure while allowing users to earn Scene+ points on everyday spending, making it a solid choice for those who frequently shop at Scene+ partners.
Pros:
- No annual fee
- Earn Scene+ points
Cons:
- Limited rewards on non-eligible purchases
- Higher interest rates
- 5%Cash back on groceries
- 4%Cash back on transit
- 3%Cash back on gas
- 2%Cash back on recurring bills
- 1%Cash back on all other purchases
Get up to $1,150 in value including up to 70,000 Bonus points.
Earn 5% cash back on groceries, 4% on transit, and 3% on gas.
A key differentiator is the BMO eclipse Visa Infinite Card's extensive rewards structure, offering high cash back rates across various categories, making it an excellent choice for those who spend significantly in these areas.
Pros:
- High rewards on multiple categories
- First-year annual fee waived
Cons:
- High annual fee after the first year
- Requires good credit
- 15%Cash back on first-time purchases at partner brands
- 1%Cash back on gas and groceries
The Neo Secured Mastercard offers a welcome bonus of CA$25 when you fund your new card.
Earn an average of 1% cashback on gas and groceries, plus up to 15% back on first-time purchases at partner brands.
19.99%-29.99%
22.99%-31.99%
This card is particularly appealing for those looking to build or repair their credit history, as it offers guaranteed approval and a straightforward rewards structure, making it accessible to a wide range of applicants.
Pros:
- No minimum credit score required
- Guaranteed approval
Cons:
- Requires monthly membership fee
- Limited rewards structure
Did you know?
A no-fee credit card can beat a premium card if you do not use the extras. Match the card to your spend before chasing a bonus.
Final Words
When selecting the best credit card for your fair credit in Canada this September, remember to evaluate the rewards, fees, and features that align with your financial goals. Take time to compare your options to ensure you make an informed decision that supports your credit-building journey.
Frequently Asked Questions
New applicants can earn up to 25,000 BMO Rewards points in the first year, including 20,000 welcome points for spending $1,500. You'll earn 5x the points on takeout, groceries and more, with a reward breakdown of 5% cash back on those categories and 0.5% on all other purchases.
With the Tangerine Money-Back Credit Card, you can get a bonus 10% cash back on everyday purchases in your first 2 months, up to a maximum of $100. The card also offers unlimited 2% cash back in up to three customizable spending categories and 0.5% on all other purchases.
The BMO CashBack Mastercard allows you to earn up to 5% cash back in your first 3 months. You’ll receive 3% cash back on groceries and 1% back on recurring bill payments, making it a great choice for everyday expenses.
Many credit cards designed for individuals with fair credit come with no annual fee, making them more accessible. It's important to check the card's terms, as some may charge fees for added benefits or higher rewards rates.
When selecting a credit card, consider factors like the welcome bonus, reward rates, and whether the card offers cash back or points. Also, look at the fees associated with the card and any additional benefits that can enhance your experience.
To improve your chances of approval, ensure that your credit report is accurate and pay down existing debts. Additionally, applying for cards specifically tailored for fair credit can increase your likelihood of being accepted.
To use a credit card responsibly, always pay your balance in full to avoid interest charges, and keep your credit utilization low. It's also wise to monitor your spending and stay within your budget to maintain good credit health.
