CreditCardGuru

Best Cash Back Credit Cards in Canada

Updated June 2026 · Independently rated by the CreditCardGuru editorial team

The best cash back credit cards in Canada return between 1% and 5% of your spending as cash, with no points to track. Top picks pair high grocery, gas and dining rates with low or no annual fees.

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Cash Back credit cards: FAQ

What is the best cash back credit card in Canada?

For grocery-heavy households, the BMO CashBack World Elite Mastercard leads with 5% on groceries. For a no-fee option, the Tangerine Money-Back Credit Card lets you choose your own 2% categories.

Is cash back better than points?

Cash back is simpler and never loses value, but points and miles can deliver more value per dollar if you redeem them for travel. If you don't want to optimize redemptions, cash back usually wins.

Do cash back cards have annual fees?

Some do and some don't. No-fee cards like Tangerine and Simplii are free forever, while premium cards like the BMO CashBack World Elite charge a fee in exchange for higher earn rates and perks.

Want to see how these stack up against every other card? Compare all credit cards or read how we rate cards.