1.Neo Financial World Elite Mastercard
Neo Financial
- 7%Cash back on purchases with a Neo Everyday Account
- 5%Cash back on groceries
- 4%Cash back on recurring payments
- 3%Cash back on gas
- 1%Cash back on all other purchases
Earn a one-time CA$25 cash bonus once you get approved for the Neo Financial World Elite Mastercard.
Earn up to 7% cash back on purchases in conjunction with a Neo Everyday Account, 5% on groceries, 4% on recurring payments, and 3% on gas.
19.99%-29.99%
22.99%-28.99%
The Neo Financial World Elite Mastercard stands out as the top choice because it offers an impressive cash back rate of up to 7% on purchases when linked with a Neo Everyday Account. This card is particularly beneficial for those who frequently spend on groceries and recurring payments, making it a superior option for maximizing rewards.
Pros:
- High cash back rates on everyday spending
- No annual fee on some cards
Cons:
- Annual fee for the World Elite card
- Cash back caps on certain categories
2.National Bank ECHO Cashback Mastercard
National Bank
- 1.5%Cash back on gas, groceries, and online purchases
- 1%Cash back on all other eligible purchases
N/A
Earn 1.5% cash back on gas, groceries, and online purchases, and 1% on all other eligible purchases.
20.99%
22.49%
What sets the National Bank ECHO Cashback Mastercard apart is its straightforward cash back structure, offering 1.5% on essential purchases like gas and groceries. This card is ideal for those who want a simple rewards program without the complexity of tiered rewards.
Pros:
- Low annual fee
- Good cash back on essential spending
Cons:
- No specific welcome bonus advertised
- Cash back cap on bonus categories
3.SimplyCash Preferred Card from American Express
American Express
- 4%Cash back on eligible gas and groceries
- 2%Cash back on all other purchases
Earn up to CA$250 in bonus value over the first year, including 10% cash back on all purchases for the first 3 months.
Earn 4% cash back on eligible gas and groceries (up to CA$1,200 back annually) and 2% on all other purchases with no limit.
21.99%
21.99%
The SimplyCash Preferred Card from American Express shines for its high cash back rates, particularly 4% on gas and groceries, making it an excellent choice for those who spend heavily in these categories. Additionally, the welcome bonus offers substantial value, enhancing its appeal for new cardholders.
Pros:
- High cash back on gas and groceries
- Generous welcome bonus
Cons:
- Annual fee
- Interest rates can be high
Final Words
As you navigate your options for the best credit cards for online shopping this January, remember to assess benefits like cash back, rewards, and fees that align with your shopping habits. Take time to compare these features across different cards to make an informed decision that maximizes your savings and enhances your online shopping experience.
Frequently Asked Questions
Earn a one-time CA$25 cash bonus once you get approved for the Neo Financial World Elite Mastercard.
Earn up to 7% cash back on purchases in conjunction with a Neo Everyday Account, 5% on groceries, 4% on recurring payments, and 3% on gas.
No, the National Bank ECHO Cashback Mastercard does not offer a welcome bonus.
Earn 1.5% cash back on gas, groceries, and online purchases, and 1% on all other eligible purchases.
The annual fee for the SimplyCash Preferred Card from American Express is CA$119.88.
Earn up to CA$250 in bonus value over the first year, including 10% cash back on all purchases for the first 3 months.
To choose the best credit card for online shopping, consider the cash back rates, any welcome bonuses, and annual fees. Look for cards that offer higher rewards for online purchases and evaluate your spending habits to maximize benefits.
Many cashback credit cards have no annual fee, making them accessible to most users. However, premium cards with higher rewards rates may charge annual fees, so it's important to weigh the benefits against the cost.
