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The 10 Best Cash Back Credit Cards in Canada for 2021

These credit cards are the best cashback credit cards in Canada.

Here is a table summarizing the different offers. For more details, read on or click on the name of a card.

SimplyCash Preferred from American Express

The SimplyCash™ Preferred from American Express is the only credit card in Canada offering 2% cash back on all purchases. And there’s no limit to how much cash back you can earn!

Besides, with this welcome offer, you earn 10% cashback in your first 4 months (up to $400 cash back).

This Card stands out for its premium insurance: Car Rental Theft and Damage, $100,000 travel accident, Emergency medical insurance (outside the province or country), Lost or Stolen Baggage, Flight delay insurance and misdirected baggage, Hotel or motel burglary, Purchase Protection® Plan, Buyer’s Assurance® Protection Plan.

BMO® AIR MILES® World Elite®* Mastercard®*

With this exclusive offer for the BMO® AIR MILES® World Elite®* Mastercard®*, you can earn 3,000 AIR MILES Bonus Miles after $3,000 in Card purchases, representing a $310 cash value. Besides, the $120 annual fee is waived in the first year!

With this card, you earn 3 miles for every $12 spent at participating AIR MILES Partners.

Everywhere else, you’ll earn 1 Mile for every $12 spent, including at Costco and Walmart.

And it’s the only AIR MILES credit card in Canada to offer a 15% discount on AIR MILES flights within North America with no blackout periods.

The BMO® AIR MILES® World Elite®* Mastercard®* card also offers:

  • Premium insurance for your travels or purchases
  • Double the miles for car rentals with National or Alamo
  • Concierge services

Scotia Momentum® VISA Infinite* card

The Scotia Momentum® VISA Infinite* card is recognized year after year as one of the best cash back credit cards in Canada.

Currently, there is no annual fee in the first year, including on additional cards. Plus, you earn 10% cash back in the first three months.

After, with the Scotia Momentum® VISA Infinite* card, you earn:

  • 4% cash back on groceries and recurring bills
  • 2% cash back on gas and transit
  • 1% cash back on everything else

And this card has outstanding insurance.

BMO® CashBack® World Elite®* Mastercard®*

The BMO® CashBack® World Elite®* Mastercard®* is one of the best Cash Back Mastercard in Canada.

Currently, you will get 10% cash back on all your purchases during the first 3 months for a limited time. Besides, the $120 annual fee is waived in the first year!

With the BMO® CashBack® World Elite®* Mastercard®*, you earn between 2% and 5% cash back on many spending categories:

  • 5% on grocery purchases (on the first $500 you spend monthly)
  • 4% on transit (on the first $300 you spend monthly)
  • 3% on gas and electric vehicle charging (on the first $300 you spend monthly)
  • 2% on recurring bill payments (on the first $500 you spend monthly)

Everywhere else, you’ll earn 1% cash back, including at Costco.

CIBC Dividend Visa Infinite Card

The CIBC Dividend Visa Infinite Card is one of the best Cash Back Visa credit cards in Canada.

For a limited time, get a first-year annual fee rebate and 10% cash back for the first 4 statements on total purchases of up to $2,000.

With the CIBC Dividend Visa Infinite Card, you earn a:

  • 4% cash back on gas and groceries
  • 2% cash back on transportation, dining and recurring payments
  • 1% cash back on everything else

And you can get your cash back anytime.

TD Cash Back Visa Infinite* Card

With the TD Cash Back Visa Infinite* Card, you earn 3% cash back on :

  • Grocery stores
  • Gas stations
  • Recurring bill payments

And 1% cash back on all other purchases. Until August 16, 2021, you could earn 6% cash back on all purchases for the first 3 months (up to a total spend of $2,000). Plus, first year no Annual Fee for the Primary and Additional Cardholders.

To receive the first-year annual fee rebate, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening and you must add your Additional Cardholders by August 17, 2021.

SimplyCash™ from American Express

Would you like a cashback credit card with no-annual-fee and a high earning rate on all your purchases? Here’s an option for you: the SimplyCash™ from American Express.

With this Card, you earn a 1.25% cashback on all purchases.

For the first 6 months, you can earn a 2.5% accelerated cash back with the SimplyCash™ from American Express (up to $150).

And you’ll get insurance with it: $100,000 travel accident insurance, Purchase Protection® Plan, Buyer’s Assurance® Protection Plan.

American Express® AIR MILES®* Platinum Credit Card

With the American Express® AIR MILES®* Platinum Credit Card, you can earn a welcome bonus of 2,000 AIR MILES Bonus Miles. That’s enough to redeem for $210 towards your purchases with AIR MILES Cash.

With this credit card, you can earn 1 Mile for every $5 in Card purchases in:

  • grocery stores
  • Gas stations
  • restaurants and bars
  • Transit

Besides, you get an annual travel credit.

MBNA Rewards Platinum Plus® Mastercard®

The MBNA Smart Cash Platinum Plus® Mastercard® is one of Canada’s best cashback credit cards with no annual fee.

With this card you can get 2% for some purchases:

  • gas
  • grocery stores

Until the total gas and grocery purchases in the applicable month reaches $500. And 0.5% everywhere else.

For a limited time, you can get 5% cash back for the first 6 months, up to $150.

BMO® AIR MILES® MasterCard®

With this exclusive offer for the BMO® AIR MILES® Mastercard®*, you earn 1,500 AIR MILES Bonus Miles after $1,000 in Card purchases, representing a $150 cash value. Besides, it’s a no-annual-fee credit card.

With the BMO® AIR MILES® Mastercard®*, you get 3x the Miles for every $25 spent at participating AIR MILES Partners. And 1 mile for every $25 you spend, Costco included.

BMO® CashBack® Mastercard®*

The BMO® CashBack® Mastercard®* is a cash back credit card with no annual fee.

With this card, you can get 5% cash back in your first 3 months. It’s a maximum welcome bonus of $100.

Then you get:

  • 3% on grocery purchases, including Walmart Supercenters
  • 1% cash back on recurring bill payments

Finally, you can also get a 1.99% introductory interest rate on Balance Transfers for 9 months.

Frequent Asked Questions about credit cards

Here are frequently asked questions in the milesopedia community about credit cards in Canada.