The Best Rewards Credit Cards for 2019

The Best Rewards Credit Cards of 2019

Whether it’s rebating you in points, a statement credit, or cash-back in your bank account, a good rewards card maximizes on your everyday purchases and ultimately helps you save.

To determine which card will provide you with the most in savings, you must first evaluate your spending patterns to see which card caters best to your lifestyle.

Do you have a big family and find yourself constantly at the grocery store picking up items for dinner?

Or are you living your best life at the latest Instagram-worthy brunch spots every weekend?

Do you have the travel bug and spend a lot on flights and accommodations?

Or maybe your job requires you to do a lot of driving, and you’re stuck filling up the tank multiple times per week.

Rewards cards generally offer different amounts of cash-back for particular spending categories (gas, grocery, pharmacy purchases, etc.), and cash-back usually ranges anywhere from one to five per cent (if you’re getting less than one per cent in cash-back, please do us a favour and throw that card away).

But with so many options available, it may be hard to choose the exact credit card that’s right for you. RateSupermarket.ca makes it easy with our card comparison tool. And with all things considered, from sign-up bonuses to annual fees, we used our Best of Finance methodology to rank the cards that provided the most cash value.

These are the best credit cards with an annual fee that offer points or cash-back rewards:

The Top 3 Rewards Credit Cards of 2019


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Why it’s an awesome card

The Meridian Visa Infinite* Cash Back Card is a well-rounded contender for your wallet, earning you cold-hard cash-back up to 4% on essentially all your purchases. And though it has a $99 annual fee, the fee is waived for the first year of cardmembership.

You can use your cash-back to redeem numerous items from the Meridian rewards catalogue, including merchandise, gift cards, jewelry, and event/concert/sports game tickets. Cash-back earned is automatically applied to your account and detailed on your statement each month.

Earning rate*

  • Grocery and gas: 4% cash-back
  • Pharmacy and utility bill payments: 2% cash-back
  • Other: 1% cash-back on all other eligible purchases.

Earning potential: $866.06

  • Annual fee: $0 for the first year. $99 after the first year.
  • Rewards earned over a 24-month period: $866.06**

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Why it’s an awesome card

The Scotiabank®* Gold American Express® Card earns travel rewards faster than almost any other card on the market and quickly get you to the destination of your dreams. It even won Best Card with Travel Perks at our Best of Finance awards two years in a row. Note that there is a $99 annual fee though.

Scotia Rewards points earned are automatically applied to your account and detailed on your statement each month. You can redeem your points for gift cards, merchandise from Apple, Best Buy or other brand names, a donation to charity, or even a credit towards your account so your balance is reduced. However, you get the best bang for your buck by putting your points towards travel. At its earning rate, you could essentially purchase a round-trip ticket for a medium-haul flight after two years (or even a long-haul if you happen to stumble across a sale!). 

Earning rate*

  • Grocery, gas, dining and entertainment: 4 Scotia Rewards points per $1 spent on eligible purchases.
  • Other: 1 Scotia Rewards point on all other eligible purchases.  

Earning potential: $1,099.80

  • Annual fee: $99
  • Sign-up bonus: 15,000 Scotia Rewards points (if you charge $1,000 to the account within the first three months of cardmembership)
  • Rewards earned over a 24-month period: 109,980 Scotia Rewards points**
  • Monetary worth: $1,099.80

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Why it’s an awesome card

This credit card is chock-full of features that can help you save money and make your life easier in a number of ways, making it the two-peat winner of Best Rewards Card at our Best of Finance Awards. It offers the opportunity for a lot of cash-back if used to its full potential. There is a $99 annual fee, but the fee is waived for the first year of cardmembership.

The Scotia Momentum® Visa Infinite* Card applies cash-back earned to your account as a credit on an annual basis. This way, you truly have the freedom to use your rewards however you please, and not being limited to a catalogue of pre-determined rewards.

Earning rate*

  • Grocery and gas: 4% cash-back
  • Pharmacy and recurring bill payments: 2% cash-back
  • Other: 1% cash-back on all other eligible purchases.  

Earning potential: $866.06

  • Annual fee: $0 for the first year. $99 after the first year.
  • Rewards earned over a 24-month period: $866.06**

 

 


Notes: 

*Earning rate up to card’s annual spending cap, if applicable.

**Assuming $1,222.96 is spent on the card monthly at eligible retailers, in the following categories: Pharmacy ($55.33), Food ($758.53), Gas: $155.72, Travel ($151.21), Other ($102.17).

Related Topics

Credit Card Reviews / Credit Cards / Credit Cards 101 / Personal Finance / RSM News

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