Best Cashback Credit Cards in Canada
Last updated:
By CardFinder Editorial Team Affiliate Disclosure
Cashback credit cards give you a percentage of your spending back as cash. They're the simplest form of credit card reward: no points conversions, no blackout dates, just straightforward money back on your purchases. We've ranked the top cashback cards in Canada based on earn rates, annual fees, and overall value.
Top 26 Cards
Best No-Fee Cashback
Tangerine Money-Back Credit Card
MastercardTangerine · No annual fee
Earn 10% cashback on purchases
no-feecashbackgroceriesgas
Pros
- +No annual fee ever
- +Choose your own 2% cashback categories
- +Simple and flexible rewards structure
Cons
- –Only 0.50% on non-category spending
- –Mastercard network (fewer airport lounges)
Best Cashback Overall
Scotia Momentum Visa Infinite Card
VisaScotiabank · $120/year
Earn 10% cashback for 3 months
cashbackgroceriesgasdining
Pros
- +Excellent 4% grocery cashback rate
- +Good coverage across categories
- +Visa Infinite benefits and insurance
Cons
- –$120 annual fee
- –Need to spend enough on groceries to offset fee
Best Flat-Rate Cashback
Wealthsimple Visa Infinite Card
VisaWealthsimple · No annual fee
5% cashback for 30 days
cashbackno-feeonline-shopping
Pros
- +2% flat cashback on everything is best-in-class
- +No foreign transaction fees
- +No annual fee for qualifying clients
Cons
- –Need $100K+ assets or direct deposit to waive monthly fee
- –Visa Infinite requires $60K personal or $100K household income
Best Flat-Rate Cashback
SimplyCash Preferred Card from American Express
AmexAmerican Express · $100/year
cashbackgroceriesgas
Pros
- +Industry-leading 2% flat cashback rate
- +No category restrictions
- +Solid travel insurance
Cons
- –$99.99/year annual fee
- –Amex acceptance limitations
Best Budget Cashback
BMO CashBack Mastercard
MastercardBMO · No annual fee
no-feecashbackgroceries
Pros
- +No annual fee
- +Excellent 3% rate on groceries
- +Good for building credit
Cons
- –Only 0.5% on general purchases
- –No travel benefits
Best No-Fee for Dining
Simplii Financial Cash Back Visa Card
VisaSimplii Financial · No annual fee
Earn 10% cashback for 4 months
no-feecashbackdininggroceries
Pros
- +No annual fee
- +Excellent 4% on dining
- +Good grocery and gas earn rate
Cons
- –Low base earn rate
- –Must have a Simplii account
Best No FX Fee Card
Home Trust Preferred Visa Card
VisaHome Trust · No annual fee
no-feeno-fx-feestravelonline-shopping
Pros
- +No annual fee
- +No foreign transaction fees (saves 2.5%)
- +Flat 1% cashback on everything
Cons
- –Only 1% base cashback
- –No bonus categories
Best for Newcomers
Neo Financial Mastercard
MastercardNeo Financial · No annual fee
no-feecashbacknewcomers
Pros
- +No annual fee
- +High cashback at partner stores
- +Guaranteed approval (secured option)
Cons
- –Low earn rate outside partner network
- –Partner network still growing
Best for Students
BMO SPC CashBack Mastercard
MastercardBMO · No annual fee
studentno-feecashback
Pros
- +No annual fee
- +Free SPC student discount membership
- +3% cashback on groceries
Cons
- –Low base earn rate
- –Limited perks beyond SPC
Best for Gas
CIBC Costco Mastercard
MastercardCIBC · No annual fee
cashbackgasdininggroceries
Pros
- +No annual fee
- +Great earn rates across categories
- +3% on gas and dining
Cons
- –Requires Costco membership
- –Cashback paid as annual certificate
Best No-Fee All-Around
Rogers Red World Elite Mastercard
MastercardRogers Bank · No annual fee
Earn 3% cashback for the first 6 months
no-feecashbackno-fx-feesonline-shopping
Pros
- +No annual fee with World Elite benefits
- +Flat 1.5% cashback on everything
- +Effective 0.5% gain on foreign purchases
Cons
- –$80,000 household income requirement
- –Cashback redeemed against Rogers bills ideally
TD Cash Back Visa Infinite Card
VisaTD · $89/year
Earn up to 10% cashback
cashbackgroceriesgasrecurring-bills
Pros
- +Strong 3% on groceries, gas, and bills
- +Cashback deposited automatically
- +Visa Infinite benefits and insurance
Cons
- –$89 annual fee
- –Only 1% on non-bonus spending
CIBC Dividend Visa Infinite Card
VisaCIBC · $99/year
Earn 10% cashback for 4 months
cashbackgroceriesgasdining
Pros
- +Excellent 4% on groceries and gas
- +2% on dining and transit
- +Visa Infinite insurance and perks
Cons
- –$99 annual fee
- –Only 1% base rate
Best Grocery Cashback
BMO CashBack World Elite Mastercard
MastercardBMO · $120/year
Earn up to 10% cashback for 3 months
cashbackgroceriesgasdining
Pros
- +Top-tier 5% grocery cashback
- +Strong earn across all daily categories
- +Works at Costco (Mastercard)
Cons
- –$120 annual fee
- –$80,000 household income requirement
Triangle World Elite Mastercard
MastercardCanadian Tire · No annual fee
no-feegasgroceriescanadian-tire
Pros
- +No annual fee with World Elite benefits
- +4% at Canadian Tire family stores
- +Good gas earn at Petro-Canada/Gas+
Cons
- –CT Money has limited redemption (Canadian Tire stores)
- –$80,000 household income for WE tier
PC Financial World Elite Mastercard
MastercardPC Financial · No annual fee
no-feegroceriesgas
Pros
- +No annual fee
- +High earn rate at Shoppers Drug Mart
- +Great for Loblaws/No Frills shoppers
Cons
- –Points only redeemable at Loblaw stores
- –$80,000 household income requirement
RBC ION+ Visa Card
VisaRBC · No annual fee
no-feecashbacknewcomers
Pros
- +No annual fee
- +Automatic cashback redemption
- +No minimum redemption threshold
Cons
- –Only 1% earn rate on everything
- –No bonus categories
RBC Cash Back Mastercard
MastercardRBC · No annual fee
no-feecashbackgroceries
Pros
- +No annual fee
- +2% on groceries is competitive for a free card
- +Mastercard acceptance everywhere
Cons
- –Only 0.5% on non-grocery spending
- –No travel insurance
SimplyCash Card from American Express
AmexAmerican Express · No annual fee
cashbackno-fee
Pros
- +No annual fee
- +Higher flat rate than most free cards (1.25%)
- +No earning caps
Cons
- –Amex acceptance limitations
- –No bonus categories
Scotia Momentum No-Fee Visa Card
VisaScotiabank · No annual fee
cashbackno-feegroceries
Pros
- +No annual fee
- +Decent grocery and bills earn rate
- +Visa acceptance everywhere
Cons
- –Low base cashback rate (0.5%)
- –No travel insurance
Desjardins Cash Back Visa Card
VisaDesjardins · No annual fee
cashbackno-feequebec
Pros
- +No annual fee
- +Visa acceptance
- +Good option for Quebec residents
Cons
- –Lower earn rate than competitors
- –Primarily marketed in Quebec
National Bank Syncro Mastercard
MastercardNational Bank · No annual fee
cashbackno-fee
Pros
- +No annual fee
- +Simple 1% flat cashback
- +Auto-redemption as statement credit
Cons
- –Only 1% earn rate
- –No bonus categories
CIBC Dividend Visa Card
VisaCIBC · No annual fee
cashbackno-feegroceries
Pros
- +No annual fee
- +1% on groceries and gas
- +Visa acceptance
Cons
- –Only 0.5% on other spending
- –Lower tier than Dividend Infinite
TD Cash Back Visa Card
VisaTD · No annual fee
cashbackno-feegroceriesgas
Pros
- +No annual fee
- +1% on groceries and gas
- +TD banking integration
Cons
- –Only 0.5% on other spending
- –Outperformed by Tangerine Money-Back
Brim Financial Mastercard
MastercardBrim Financial · No annual fee
no-feeno-fx-feestravel
Pros
- +No annual fee AND no FX fees is rare
- +1% cashback on everything
- +Mastercard acceptance including Costco
Cons
- –Only 1% earn rate
- –Smaller issuer (less branch support)
RBC HSBC Mastercard
MastercardRBC · No annual fee
no-feecashbacknewcomers
Pros
- +No annual fee
- +Easy transition for former HSBC customers
- +Mastercard acceptance
Cons
- –Very low earn rate (0.5%)
- –Better free cards available
Quick Comparison
| Card | Annual Fee | Network | Groceries | Gas | Dining | Travel | Welcome Bonus | |
|---|---|---|---|---|---|---|---|---|
| Tangerine Money-Back Credit Card | No annual fee | mastercard | 2x | 2x | 2x | 0.5x | Earn 10% cashback on purchases | Apply |
| Scotia Momentum Visa Infinite Card | $120/year | visa | 4x | 2x | 1x | 1x | Earn 10% cashback for 3 months | Apply |
| Wealthsimple Visa Infinite Card | No annual fee | visa | 2x | 2x | 2x | 2x | 5% cashback for 30 days | Apply |
| SimplyCash Preferred Card from American Express | $100/year | amex | 2x | 2x | 2x | 2x | — | Apply |
| BMO CashBack Mastercard | No annual fee | mastercard | 3x | 0.5x | 0.5x | 0.5x | — | Apply |
| Simplii Financial Cash Back Visa Card | No annual fee | visa | 1.5x | 1.5x | 4x | 0.5x | Earn 10% cashback for 4 months | Apply |
| Home Trust Preferred Visa Card | No annual fee | visa | 1x | 1x | 1x | 1x | — | Apply |
| Neo Financial Mastercard | No annual fee | mastercard | 1x | 1x | 1x | 0.5x | — | Apply |
| BMO SPC CashBack Mastercard | No annual fee | mastercard | 3x | 0.5x | 0.5x | 0.5x | — | Apply |
| CIBC Costco Mastercard | No annual fee | mastercard | 2x | 3x | 3x | 2x | — | Apply |
| Rogers Red World Elite Mastercard | No annual fee | mastercard | 1.5x | 1.5x | 1.5x | 1.5x | Earn 3% cashback for the first 6 months | Apply |
| TD Cash Back Visa Infinite Card | $89/year | visa | 3x | 3x | 1x | 1x | Earn up to 10% cashback | Apply |
| CIBC Dividend Visa Infinite Card | $99/year | visa | 4x | 4x | 2x | 1x | Earn 10% cashback for 4 months | Apply |
| BMO CashBack World Elite Mastercard | $120/year | mastercard | 5x | 3x | 3x | 1x | Earn up to 10% cashback for 3 months | Apply |
| Triangle World Elite Mastercard | No annual fee | mastercard | 1.5x | 4x | 1x | 1x | — | Apply |
| PC Financial World Elite Mastercard | No annual fee | mastercard | 3x | 1x | 1x | 1x | — | Apply |
| RBC ION+ Visa Card | No annual fee | visa | 1x | 1x | 1x | 1x | — | Apply |
| RBC Cash Back Mastercard | No annual fee | mastercard | 2x | 0.5x | 0.5x | 0.5x | — | Apply |
| SimplyCash Card from American Express | No annual fee | amex | 1.25x | 1.25x | 1.25x | 1.25x | — | Apply |
| Scotia Momentum No-Fee Visa Card | No annual fee | visa | 1x | 0.5x | 0.5x | 0.5x | — | Apply |
| Desjardins Cash Back Visa Card | No annual fee | visa | 1x | 1x | 0.5x | 0.5x | — | Apply |
| National Bank Syncro Mastercard | No annual fee | mastercard | 1x | 1x | 1x | 1x | — | Apply |
| CIBC Dividend Visa Card | No annual fee | visa | 1x | 1x | 0.5x | 0.5x | — | Apply |
| TD Cash Back Visa Card | No annual fee | visa | 1x | 1x | 0.5x | 0.5x | — | Apply |
| Brim Financial Mastercard | No annual fee | mastercard | 1x | 1x | 1x | 1x | — | Apply |
| RBC HSBC Mastercard | No annual fee | mastercard | 0.5x | 0.5x | 0.5x | 0.5x | — | Apply |
How We Chose These Cards
We evaluated cashback cards based on their earn rates across popular spending categories (groceries, gas, dining), annual fees, welcome bonuses, and additional perks. Cards with higher effective cashback rates and lower fees scored better in our ranking.
We rank cards based on category fit, fees, and commonly used perks. Learn more about our methodology.
Frequently Asked Questions
Related Resources
Offers and terms can change. Always confirm details on the issuer's website before applying. We are not a bank.