Best Cash Back Credit Cards in Canada

Best Cards 1st Yr Free Airline Bad Credit Balance Transfer Business Cash Back Groceries

Best for: 1st Yr Fee Rebate

SponsoredScotia Momentum Visa Infinite + Card

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4.8Ratesopedia rating

The Scotia Momentum Visa Infinite + Card offers a first year annual fee rebate (regular fee $120/yr). It comes with a welcome bonus of $300. You earn 4x on groceries and 1x at restaurants. Estimated first-year value is $1,025.

Best of Month1st Yr Fee Rebate

Annual Fee: $120 $0
Rewards rate: 1x
Welcome Bonus: $300
1st Year Value: $1,025

Pros

First Year Annual Fee Rebate
Welcome bonus of $300
4x on groceries
Estimated 1st-year value of $1,025

Cons

Fewer premium perks

Best for: 1st Yr Fee Rebate

BMO CashBack Mastercard World Eliteᴹᴰ

BMO MastercardCash Back

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4.8Ratesopedia rating

The BMO CashBack Mastercard World Eliteᴹᴰ offers a first year annual fee rebate (regular fee $120/yr). It comes with a welcome bonus of $650. You earn 5x on groceries and 1x at restaurants. Estimated first-year value is $1,276.

Best of Month1st Yr Fee Rebate

Annual Fee: $120 $0
Rewards rate: 1x
Welcome Bonus: $650
1st Year Value: $1,276

Pros

First Year Annual Fee Rebate
Welcome bonus of $650
5x on groceries
Estimated 1st-year value of $1,276

Cons

Requires good credit

Best for: 1st Yr Fee Rebate

CIBC Dividend Visa Infinite Card

CIBC VisaCash Back

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4.3Ratesopedia rating

The CIBC Dividend Visa Infinite Card offers a first year annual fee rebate (regular fee $120/yr). It comes with a welcome bonus of $300. You earn 4x on groceries and 2x at restaurants. Estimated first-year value is $864.

Best of Month1st Yr Fee Rebate

Annual Fee: $120 $0
Rewards rate: 1x
Welcome Bonus: $300
1st Year Value: $864

Pros

First Year Annual Fee Rebate
Welcome bonus of $300
4x on groceries
2x at restaurants

Cons

Requires good credit

Best for: 1st Yr Fee Rebate

TD Cash Back Visa Infinite Card

TD VisaCash Back

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4.3Ratesopedia rating

The TD Cash Back Visa Infinite Card offers a first year annual fee rebate (regular fee $139/yr). It comes with a welcome bonus of $350. You earn 3x on groceries and 1x at restaurants. Estimated first-year value is $918.

Best of Month1st Yr Fee Rebate

Annual Fee: $139 $0
Rewards rate: 1x
Welcome Bonus: $350
1st Year Value: $918

Pros

First Year Annual Fee Rebate
Welcome bonus of $350
3x on groceries
Estimated 1st-year value of $918

Cons

Requires good credit

Best for: No annual fee

SponsoredPC World Elite Mastercard

PC Financial Mastercard PC Optimum

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3.8Ratesopedia rating

The PC World Elite Mastercard has no annual fee, making it risk-free to hold. It comes with a welcome bonus of 20,000 points. You earn 30x on groceries and 10x at restaurants. Estimated first-year value is $420.

Annual Fee: $0
Rewards rate: 10x
Welcome Bonus: 20,000 points
1st Year Value: $420

Pros

No annual fee
Welcome bonus of 20,000 points
30x on groceries
10x at restaurants

Cons

Requires good credit

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Complete Guide

Best Cash Back Credit Cards in Canada

Compare the top cash back credit cards. Earn 1–5% back on groceries, gas, restaurants, and everyday purchases.

Cash back credit cards are the simplest way to earn rewards — you get a percentage of every purchase back as a statement credit or cheque. No points to track, no programs to learn, no blackout dates.

How Cash Back Works

Most cards offer tiered rates: higher cash back (2–5%) on specific categories like groceries and gas, and a base rate (0.5–1%) on everything else. Some cards offer a flat rate on all purchases, which is simpler but usually lower.

Who Should Get a Cash Back Card?

Cash back is ideal if you don't travel frequently, prefer simplicity, or want guaranteed value on every dollar spent. Unlike points that fluctuate in value, cash back is always worth exactly what it says.

Cards analyzed

Jun 2026

Last updated

100%

Independent

Methodology

Our team evaluates credit cards based on overall consumer value: rewards earning rates, annual fees, welcome bonuses, insurance coverage, and additional perks. Cards are ranked by estimated first-year value. We update our picks monthly.

📊Real data

🔄Updated regularly

⚖️Unbiased review

🎯Transparent criteria

FAQ

Frequently Asked Questions

1What's the best cash back rate in Canada?

Some cards offer up to 5% on groceries (Amex Cobalt via points equivalent) or 4% on gas and groceries (Scotia Momentum Visa Infinite). Most no-fee cards offer 1–2%.

2Cash back or travel rewards — which is better?

Cash back is simpler and offers guaranteed value. Travel rewards can be worth 2–5x more per point when redeemed for flights, but require more effort to maximize.

3Are cash back cards free?

Many are. The BMO CashBack Mastercard and Tangerine Money-Back offer cash back with no annual fee. Premium cash back cards ($99–$120/yr) offer higher rates.

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Best Cash Back Credit Cards in Canada

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Best Cash Back Credit Cards in Canada

How Cash Back Works

Who Should Get a Cash Back Card?

Methodology

Frequently Asked Questions

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