Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information about any information on any advertiser product, please visit their website. We have business relationships with certain partners mentioned in our communication channels. While we may receive compensation if you sign up to a product or service through our affiliate links, our analyses and content are based on objective evaluation. †Terms and conditions apply.
Discover our selection of the best cash back credit cards in Canada, offering unrivalled benefits to maximize your savings. Compare the options and choose the one that best suits your financial needs.
These are excellent cash back 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.
BMO CashBack® World Elite®* Mastercard®* is one of Canada’s best cash back Mastercard credit cards.
Currently, for a limited time, you could earn up to $480 cash back in the first year. Specifically, you will earn $40 cash back for each monthly period in which you make $2,000 in purchases on your card.
Plus, there is no annual fee for the first year!
Additionally, you benefit from a 0% introductory interest rate on balance transfers for 12 months, as well as a 2% balance transfer fee.
With BMO CashBack® World Elite®* Mastercard®*, you get between 2% and 5% cash back on many categories of purchases:
Everywhere else, you’ll earn 1% cash back, including at Costco. It is also one of the only credit cards in its category to offer a 2 additional years extended warranty.
Finally, enjoy six months of Instacart+ membership and a monthly $10 Instacart credit when you sign up with your eligible BMO credit card.
The American Express Cobalt® Card is the best credit card from American Express, whether you want points for travel or cash back.
The welcome bonus is distributed monthly for the first 12 months. You’ll earn 1,250 Membership Rewards points for every $750 in purchases charged to your card during the month (whether in the 1X, 2X, 3X or 5X category). That’s up to 15,000 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.
Alternatively, transfer them to Aeroplan points, Avios (British Airways/Qatar Airways), Flying Blue, Marriott Bonvoy, or Hilton Honors.
For example, with this welcome offer, if you decide to transfer your Membership Rewards points to a partner loyalty program, you would have the choice of earning up to:
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.
For example, if you spend $1,000 per month on groceries and/or restaurants and/or food delivery, you’ll earn $50 cash back per month, or $600 cash back per year with this card for this category of purchases!
And if you decide to transfer your points to other programs like Aeroplan, you could get even more value!
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.
Like all American Express Canada Cards, there is no minimum income requirement.
With the TD Cash Back Visa Infinite* Card, you earn 3% in Cash Back Dollars on:
And 1% cash back on all other purchases.
It’s the best TD cash back credit card, especially for gas purchases.
With this new welcome offer, you could earn 10% cash back on gas and grocery purchases and pre-authorized payments for the first three months (up to $3,500 in purchases). So you can earn up to $350 cash back!
Plus, a first-year annual fee rebate for the Primary and Additional Cardholders.
Finally, you have good insurance coverage, such as travel medical insurance, delayed or lost baggage insurance, collision/loss damage insurance for car rentals and mobile device insurance.
The CIBC Dividend® Visa Infinite* Card is one of the best Visa credit cards with cash back in Canada.
Right now, with this welcome offer, get a 10% welcome bonus in the form of up to $250 cash back (period covered by your first 4 statements) and a rebate on your first year’s annual fees†!
Plus, receive $50 cash back when you set up a pre-authorized payment within the first 4 months.
With this CIBC cash back credit card, you earn:
For example, if you spend $1,000 per month on groceries and/or gas and/or electric vehicle charging, you’ll earn $40 cash back per month or $480 cash back per year with this card for this category of purchases!
And that’s not counting the other purchases you’ll make with this card and the advantages it offers (particularly in terms of insurance).
And this CIBC Cash Back Credit Card offers many insurance coverages:
The Scotia Momentum Visa Infinite Card is recognized, year after year, as one of the best cash back credit cards in Canada. Milesopedia has even named it best cash back credit card in 2026.
Currently, thanks to this promotional offer, the Scotia Momentum Visa Infinite Card has no annual fee for the first year, including on supplementary cards. And you can earn 10% cash back on all purchases for the first three months (up to $2,000 in total purchases).
With the Scotia Momentum® VISA Infinite* card, you get:
For example, if you spend $1,000 per month on grocery purchases and/or recurring payments, you will earn $40 in cash back per month, or $480 per year, with this card, for this purchase category! And that’s not counting the other purchases you will make with this card and the benefits it offers (including its excellent insurance coverage).
If you are a renter, you could for example use the Scotia Momentum Visa Infinite Card on the Chexy site to pay your rent and earn 4% cash back!
Also note that you can use your cash back at any time (the cash back balance must be at least $25).
The PC Financial World Elite Mastercard currently offers a welcome bonus of 20,000 PC Optimum points after your first purchase, with no annual fee. With this Card:
This means you get between 1% and 4.5% back on your purchases at PC Optimum retailers. You can then use your points for discounts at the checkout or convert them into a $7 credit per 10,000 points directly toward your card balance.
Additionally, this card includes travel medical insurance, rental car collision insurance, a concierge service, and 90-day purchase assurance—rare benefits for a no-annual-fee card.
With the MBNA Rewards World Elite® Mastercard®, you can earn 5 points per dollar of purchases for:
Everywhere else, you will get 1 point per dollar.
Enough to make the MBNA Rewards World Elite Mastercard the best MBNA credit card for restaurants, groceries, digital media, subscriptions and household utilities.
Knowing that Mastercard recognizes Walmart Supercenters as grocery stores, this is the best credit card for Walmart customers!
Plus, depending on your province of residence, you’ll get a welcome bonus of between 20,000 and 30,000 points, a value of $200 to $300!
And each year, you will receive Birthday Bonus Points equal to 10% of the total number of Points the Account earned in the 12 months before the month of your birthday, to a maximum Birthday Bonus each year of 15,000 Points.
Here are some frequently asked questions in the milesopedia community about credit cards in Canada.
For every dollar you spend, your cash back credit card gives you a discount that can range from 0.5% to 10%! That’s why it’s so important to choose your cash back credit card carefully, because it could save you a lot more than one of its competitors.
Here are some great cash-back credit cards in Canada:
Depending on the financial institution, your cashback will either be deposited in your bank account or applied to your credit card statement. Different institutions, different conditions that will influence your choice.
Some banks offer annual rebates, others monthly, and still others at any time once a minimum rebate amount of $10 to $25 has been reached.
Check out this guide to get your cash back with BMO.
An annual fee comes with benefits. Depending on the offer, you’ll find: a welcome bonus, a higher percentage of discounts, no or lower limits on eligible purchases, better insurance, and specific benefits, for example, in the hotel sector. This is the case, for example, with the Scotia Momentum Visa Infinite Card or the CIBC Dividend® Visa Infinite* Card.
Compare cards to match your lifestyle.
As with other types of credit card, to take advantage of the benefits, you must reset the balance to 0 each month. No cashback could offset the interest costs incurred.
There are over 200 credit cards in Canada. There is no “one best credit card” in Canada.
Several credit cards can match your needs:
Savings are here (if you don’t see the sign-up form, please click here):
You can change your preferences or opt out at any time by clicking on one of the hyperlinks available at the bottom of each newsletter.
If you are already a subscriber and would like to unsubscribe, you can click on the link at the bottom of any of our e-mails.
