The Best Cash Back Credit Cards in Canada

The CIBC Dividend® Visa Infinite* Card is one of the best Visa credit cards with cash back in Canada. The minimum annual income required for this card is $60,000 (personal) or $100,000 (household). With this Card, you earn:

• 4% cash back on eligible gas and groceries purchases
• 2% cash back on eligible transportation, dining purchases and recurring payments
• 1% on all other purchases

Currently, get 10% cash back for the first 4 statements on total purchases of up to $2,500. And you’ll get a first-year annual fee rebate!

And this card has comprehensive insurance:

• Auto Rental Collision/Loss Damage Insurance
• $500,000 Common Carrier Accident Insurance
• Flight Delay and Baggage Insurance
• Trip Interruption Insurance
• Out-of-Province Emergency Travel Medical Insurance
• Purchase Security and Extended Protection Insurance

The BMO® CashBack® World Elite®* Mastercard®* is one of the best cash back Mastercard credit card in Canada.

For a limited time, you will earn 10% cash back on all purchases for the first three months (up to $260 cash back). Besides, the 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.

Finally, it is one of the only credit cards in its category to offer an extended warranty of 2 additional years.

The Scotia Infinite Momentum Visa Card is recognized year after year as one of the best cashback credit cards in Canada.

Currently, there is no annual fee in the first year, including on additional cards. And you can earn 10% cash back on all your purchases for the first 3 months (up to $2,000 in total purchases).

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

• 4% at grocery store and on periodic payments
• 2% on gasoline and public transit
• 1% cash back on everything else

And this card has premium insurance!

The American Express Cobalt® Card is the best credit card from American Express, whether you want points for travel or cashback.

The welcome bonus is distributed monthly for the first 12 months. You earn 2,500 Membership Rewards points for every $500 in purchases charged to your card during the month (whether in the 1X, 2X, 3X or 5X category). That’s up to 30,000 Membership Rewards points.

You can easily use these points as statement credits for everyday or travel purchases. The value is the same for both: 1,000 points = $10.

Or, you can transfer your points to Aeroplan, Marriott Bonvoy, or Hilton Honors. With the American Express Cobalt® Card, you can earn between 1 and 5 points per dollar:

This is a 1 to 5% return on all these purchases.

In addition, this card provides excellent insurance coverage: rental car theft and damage, baggage delay, lost or stolen baggage, flight delay, $250,000 travel accident, hotel or motel burglary, Mobile Device Insurance, Purchase Security, Purchase Protection Insurance.

Find out in this article how to maximize the welcome bonus to get 60,000 points with your everyday spending. This offer may be withdrawn at any time.

Like all American Express Canada Cards, there is no minimum income requirement.

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 $149 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

With the HSBC Cash Rewards Mastercard®, you can earn $125 cash back as a welcome bonus with no minimum spending (for Quebec).

With this no annual fee credit card, you get:

• 1.5% cash back per dollar on online purchases
• 1% cash back per dollar on gas, grocery and drugstore purchases
• 0.5% cash back per dollar on all other everyday purchases

Plus, you get Mobile Device Insurance, Purchase Insurance and Extended Warranty Insurance.

If you don’t meet the income requirements for the CIBC Dividend® Visa Infinite* Card, you could apply for the CIBC Dividend® Platinum Visa* Card. The minimum annual income required for this card is $15,000 (household).

With the CIBC Dividend® Platinum Visa* Card, you get:

• 3% cash back on eligible gas and grocery purchases
• 2% cash back on eligible transportation, dining purchases and recurring payments
• 1% on all other purchases

Currently, you get 10% cash back (up to $250)*. And you’ll get a first-year annual fee rebate!† And this card has comprehensive insurance:

• Auto Rental Collision/Loss Damage Insurance
• $500,000 Common Carrier Accident Insurance
• Purchase Security and Extended Protection Insurance

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.

With this new welcome offer, you could earn 10% cash back on all purchases for the first 3 months (up to a total spend of $2,000). After your first $2,000 in Purchases, Gas Purchases, Grocery Purchases and Pre-Authorized Payments will continue to earn 6% up to a total spend of $3,500 for the first 3 months. That’s a total cash back of $290!

Plus, a first-year annual fee rebate for the Primary and Additional Cardholders.

The Tangerine Money-Back Credit Card has no annual fee and offers cashback.

Apply for a Tangerine Money-Back Credit Card by May 31, 2022, and earn an extra 10% back (up to $100) when you spend up to $1,000 in everyday purchases within your first 2 months.

You can choose two to three categories that interest you (groceries, gas, furniture, home improvement, recurring bills, pharmacy, etc.) to earn 2% cash back ! And there is no annual cash back limit. It is one of the best credit cards for renovations.

In addition, the Tangerine Mastercard offers several insurance coverages for your purchases :

• 90 days purchase insurance
• One year extended warranty

Finally, during your first 30 days, transfer balances and pay only 1.95% interest on the transferred balance for the first 6 months.