Canadian consumers have a variety of cash back credit cards to choose from, each with unique rewards and benefits. Cards like the Rogers Red World Elite Mastercard and SimplyCash Card from American Express offer between 1.25% to 3% cash back on purchases, often with no annual fee. The CIBC Costco Mastercard and Triangle World Elite Mastercard provide specialized cash back for certain retailers and categories. The Neo Standard Mastercard stands out with up to 15% cash back on initial purchases at partner stores. The Tangerine Money-Back Credit Card and Tangerine World Mastercard allow cardholders to select their preferred cash back categories. RBC and Simplii Financial offer cards with more focused rewards on groceries and dining, respectively, while the BMO CashBack Mastercard is best for those with lower grocery and recurring bill expenses. Despite the benefits, potential cardholders must consider income requirements and acceptance issues with certain card networks.
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