Best credit cards by category
Best Cashback Credit cards
These credit cards are the best cashback credit cards in Canada.
Note that there is also an excellent 10% cashback offer for four months on this card.
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
SimplyCash™ Preferred from American Express is one of the only credit cards in Canada to earn a 2% cashback 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.
American Express® AIR MILES®* Platinum Credit Card
With the American Express® AIR MILES®* Platinum Credit Card, you can earn a Welcome Bonus of 3,000 AIR MILES Bonus Miles. That’s enough to redeem for $310 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
Besides, you get an annual travel credit.
BMO® CashBack® World Elite®* Mastercard®*
With the BMO® CashBack® World Elite®* Mastercard®*, you get 1.5% on all your purchases, Costco included, with no annual limit.
Currently, for a limited time, you will get 10% cash back on all your purchases during the first 3 months.
In addition, the $120 annual fee is waived in the first year!
And this card has premium insurance.
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 is an option for you: SimplyCash™ from American Express.
With this Card, you earn a 1.25% cashback on all purchases.
Besides, during the first 6 months, you can get a 2.5% cash back, up to $150, with the SimplyCash™ from American Express.
And you’ll get insurance with it: $100,000 travel accident insurance, Purchase Protection® Plan, Buyer’s Assurance® Protection Plan.
MBNA Rewards Platinum Plus® Mastercard®
With this card you can get 2% for some purchases:
- 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 CashBack® Business Mastercard®*
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.
Scotia Momentum® VISA Infinite* card
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% on all other purchases
And this card has outstanding insurance.