Money with AndreyCash Back vs Points: Which Credit Cards Are Better?
The cash back cards and points cards I compared in my cash back vs points video.
Wealthsimple Visa Infinite
Flat 2% cash back on everything, with no foreign exchange fee.
Foreign exchange fee: None
- Cash back: 2% on everything
- Monthly fee: Waived if you qualify
Rogers Red World Elite Mastercard
A no-fee Mastercard that pays cash back on everything you buy.
Annual fee: $0
- Cash back with a Rogers, Fido, Shaw or Comwave service: 2%
- Cash back without one: 1.5%
Tangerine Money-Back Credit Card
A no-fee card where you pick your own 2% categories.
Annual fee: $0
- Two categories you choose: 2%
- Third 2% category: If cash back goes to a Tangerine savings account
- Everything else: 0.5%
American Express Cobalt Card
5x points on groceries, restaurants and food delivery.
Fee: $15.99 a month
- Groceries, restaurants, food delivery: 5x points (up to 12,500 points a month)
- Streaming: 3x points
- Gas, transit, rideshare: 2x points
RBC Avion Visa Infinite
RBC's travel points card.
Annual fee: $120
- Travel: 1.25 points per $1
- Everything else: 1 point per $1
American Express Aeroplan Card
Aeroplan points and a free checked bag on Air Canada.
Annual fee: $120 ($150 from Jan 12, 2027)
- Air Canada: 2x points
- Dining and food delivery: 1.5x points
- Everything else: 1x points
Side by Side
| Card | Annual fee | Network | Income needed |
|---|---|---|---|
| Wealthsimple Visa Infinite | None | Visa | Not listed |
| Rogers Red World Elite | $0 | Mastercard | $80K personal or $150K household |
| Tangerine Money-Back | $0 | Mastercard | Not listed |
| Amex Cobalt | $15.99 a month | Amex | Not listed |
| RBC Avion Visa Infinite | $120 | Visa | $60K personal or $100K household |
| Amex Aeroplan | $120 ($150 from Jan 12, 2027) | Amex | Not listed |