If you are new to Canada or just starting to build your credit, you might be wondering if you can get a credit card. The good news is that there are credit cards designed for people with no credit history. Even better, some of them offer cashback rebates, allowing you to save money while building your credit!
In this guide, we will share the best cashback credit cards in Canada that are perfect for beginners.
Cashback credit cards give you back a small percentage of the money you spend. For example, if you spend $100 and your card offers 1% cashback, you will earn $1 back. These savings add up over time, making cashback cards a great way to save money while spending.
For people with no credit history, cashback cards can also help you start building your credit score. By using your card responsibly and paying off your balance, you can improve your credit and earn rewards at the same time.
When you have no credit history, it can be hard to get approved for premium credit cards. However, some cards are specifically designed for beginners and newcomers. These cards often have lower requirements and are a good stepping stone toward better financial opportunities.
Benefits of beginner-friendly cashback cards:
● Earn cashback rebates on your everyday purchases.
● Build your credit history with responsible use.
● Learn how to manage credit and spending.
Now, let’s explore the best cashback credit cards in Canada for no credit history.
The BMO Cashback Mastercard is a great choice for beginners. It has no annual fee, and you can earn cashback rebates on your daily purchases.
Key Features:
● No annual fee – Perfect for first-time credit card users.
● 3% cashback on grocery purchases (up to a monthly limit).
● 1% cashback on recurring bill payments.
● 0.5% cash back on all other purchases.
● Easy approval, even with no credit history.
This card is an excellent way to start building your credit and earning rewards at the same time.
The Tangerine Money-Back Credit Card is another great option for beginners. It offers flexible cashback categories, so you can choose where you want to earn the most cashback rebates.
Key Features:
● No annual fee.
● 2% cashback in up to 2 categories of your choice (like groceries, restaurants, or gas).
● 0.5% cash back on all other purchases.
● Option to add a third 2% category if you deposit rewards into a Tangerine savings account.
● Ideal for individuals with no credit history.
This card helps you save on everyday spending while learning how to manage your credit.
If you’re struggling to get approved for a regular credit card, the Capital One Guaranteed Mastercard is a solid option. It’s designed to help you start building your credit history while earning cashback rebates.
Key Features:
● Guaranteed approval (if you meet basic income and age requirements).
● Low annual fee ($59 per year).
● Earn 0.5% cashback on all purchases.
● Helps you build credit with regular reporting to credit bureaus.
This card is a great first step for anyone who wants to establish credit and earn small cashback rewards.
For those who are unsure about traditional credit cards, the KOHO Prepaid Mastercard offers an alternative way to earn cashback rebates while managing your spending.
Key Features:
● No credit check is required.
● Earn 1% cashback on groceries, transportation, and dining.
● Budget-friendly – You can only spend what you load onto the card.
● Helps you develop good financial habits.
KOHO is perfect for anyone who wants a safe and simple way to start earning cashback without the risk of debt.
Here are a few tips to improve your chances of getting a credit card when you have no credit history:
1. Start with a secured or beginner-friendly credit card – These cards are designed for people without credit.
2. Show proof of income – Having a steady income can increase your approval chances.
3. Pay your bills on time – This will build a positive credit history over time.
4. Don’t overspend – Use your credit card wisely and pay off your balance each month.
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Getting a cashback credit card in Canada with no credit history is possible. Cards like the BMO Cashback Mastercard, Tangerine Money-Back Credit Card, and Capital One Guaranteed Mastercard are great beginner-friendly options. Not only can you earn cashback rebates, but you can also start building a strong credit history.
By using your card responsibly, you’ll open doors to better credit opportunities in the future while saving money on your everyday spending.
