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
- Transit
Besides, you get an annual travel credit.
BMO® CashBack® World Elite®* Mastercard®*
The BMO® CashBack® World Elite®* Mastercard®* is one of the best Mastercard credit cards with cash back in Canada.
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®
The MBNA Rewards Platinum Plus® Mastercard® is one of the best cashback credit cards with no annual fee in Canada.
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 CashBack® Business Mastercard®*
The BMO CashBack® Business Mastercard®* is one of the best Business Mastercard credit cards for cash back in Canada.
You can get 10% cash back for three months on:
- Gas
- office supplies
- cell phone/internet payments
After that, you’ll get 1.5% on these purchases and 1.75% at Shell.
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
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% on all other purchases
And this card has outstanding insurance.