Scotiabank® Gold American Express® Card

Scotiabank® Gold American Express® Card

Up to $950 value, including up to 50,000 bonus Scene+ points*

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.

Advertiser disclosure: we may be compensated for links on this page. Our ratings stay independent. Learn more.

#2
CIBC Dividend Visa Infinite Card
Guru PickCIBC

CIBC Dividend Visa Infinite Card

4.5·Households with heavy grocery and gas spend who want maximum cash back.
Annual fee
$120 $0
Welcome bonus
$350
Top reward
4% groceries
  • 4% on gas and groceries is among the highest in Canada
  • Strong 2% middle tier covers dining, transit and bills

Suggested score 720+ · Excellent credit

Apply nowView details
#5
Triangle World Elite Mastercard
Guru PickCanadian Tire Bank

Triangle World Elite Mastercard

4.1·Drivers and Canadian Tire/Sport Chek shoppers who want strong no-fee rewards plus free roadside assistance.
Annual fee
No annual fee
Top reward
4% canadian tire, sport chek, mark's, party city & partner stores
  • Outstanding value for a no-fee card: 4% at Canadian Tire family stores and 3% on groceries
  • Free Gold roadside assistance is a genuine $100 annual perk

Suggested score 720+ · Excellent credit

Apply nowView details
#7
TD Cash Back Visa Infinite Card
Guru PickTD Bank

TD Cash Back Visa Infinite Card

4.1·Drivers and households with big grocery, gas and bill spend who want simple cash back plus roadside assistance.
Annual fee
$139 $0
Welcome bonus
$489
Top reward
3% groceries
  • Strong 3% earn across five everyday categories
  • Free roadside assistance is a rare, genuinely useful perk

Suggested score 720+ · Excellent credit

Apply nowView details
#8
BMO CashBack World Elite Mastercard
BMO

BMO CashBack World Elite Mastercard

4.5·Big grocery spenders who want the highest cash back rate
Annual fee
$120 $0
Welcome bonus
$260
Top reward
5% groceries
  • Highest headline grocery cash-back rate in Canada
  • Strong transit and gas categories

Suggested score 720+ · Excellent credit

Apply nowView details
#11
BMO CashBack Mastercard
BMO

BMO CashBack Mastercard

4.3·No-fee grocery cash back — a great first or student card
Annual fee
No annual fee
Welcome bonus
$125
Top reward
3% groceries
  • Strong no-fee grocery rate
  • Easy approval, good for students

Suggested score 600+ · Fair credit

Apply nowView details
#12
Scotia Momentum® No-Fee Visa* Card
Scotiabank

Scotia Momentum® No-Fee Visa* Card

4.3·First-time cardholders or balance transferrers who want a free everyday cash back card.
Annual fee
No annual fee
Welcome bonus
$100
Top reward
1% groceries
  • Up to 6 cents off/litre at Shell
  • Solid 5% intro cash back offer for a no-fee card

Suggested score 660+ · Good credit

Apply nowView details
#13
Tangerine Money-Back World Mastercard
Tangerine

Tangerine Money-Back World Mastercard

4.3·Higher earners who want the Tangerine 2% category system upgraded with insurance and travel perks at no cost.
Annual fee
No annual fee
Welcome bonus
$100
Top reward
2% 2% category of your choice
  • Save up to 8 cents/litre at Shell
  • All the Money-Back card's earning power plus real insurance and travel extras

Suggested score 660+ · Good credit

Apply nowView details
#14
Neo World Elite Mastercard
Neo Financial

Neo World Elite Mastercard

4.2·No-fee cash back with high rates at partner merchants
Annual fee
No annual fee
Welcome bonus
$75
Top reward
1% everyday spending
  • No-fee with strong partner cash back
  • Large network of partner merchants

Suggested score 720+ · Excellent credit

Apply nowView details
#16
Neo Secured Card
Neo Financial

Neo Secured Card

4.1·Rebuilding credit while still earning cash back
Annual fee
No annual fee
Top reward
1% everyday spending
  • Rare secured card that earns cash back
  • No annual fee on the standard tier

Suggested score 560+ · Building credit

Apply nowView details
#17
CIBC Dividend Platinum Visa Card
CIBC

CIBC Dividend Platinum Visa Card

4.0·Cash-back seekers who don't meet Visa Infinite income requirements.
Annual fee
$99 $0
Welcome bonus
$300
Top reward
3% groceries
  • Strong cash back rates with an accessible income requirement
  • First-year fee rebate

Suggested score 720+ · Excellent credit

Apply nowView details
#18
CIBC Costco Mastercard
CIBC

CIBC Costco Mastercard

4.0·Costco members who dine out and fill up at Costco gas regularly.
Annual fee
No annual fee
Top reward
3% restaurants
  • Strong 3% on restaurants and Costco gas with no fee
  • Mobile device insurance is rare on no-fee cards

Suggested score 660+ · Good credit

Apply nowView details
#19
SimplyCash Card from American Express
American Express

SimplyCash Card from American Express

3.9·No-fee seekers who want simple, above-average flat cash back on everyday spending.
Annual fee
No annual fee
Welcome bonus
$100
Top reward
2% groceries
  • 1.25% everywhere is among the best no-fee base rates in Canada
  • Simple, automatic cash back with no categories to activate

Suggested score 660+ · Good credit

Apply nowView details
#20
Meridian Visa Infinite Cash Back Card
Meridian

Meridian Visa Infinite Cash Back Card

3.9·Ontario families who spend heavily on gas and groceries and want big-bank cash back rates at a credit union price.
Annual fee
$99 $0
Welcome bonus
$70
Top reward
4% groceries
  • Standout 4% earn rate on gas and groceries
  • First-year fee waiver and a modest $99 fee thereafter

Suggested score 720+ · Excellent credit

Apply nowView details
#21
Neo World Mastercard
Neo Financial

Neo World Mastercard

3.8·Cost-conscious spenders who want solid no-fee cashback on everyday essentials.
Annual fee
No annual fee
Top reward
2% groceries
  • 2% on groceries, gas, and bills with no annual fee
  • Flexible reward plans and instant redemption

Suggested score 660+ · Good credit

Apply nowView details
#22
Home Trust Preferred Visa
Home Trust

Home Trust Preferred Visa

3.8·Budget-conscious travellers and cross-border shoppers who want to avoid FX fees without paying an annual fee.
Annual fee
No annual fee
Top reward
1% all eligible purchases
  • One of the only no-fee cards in Canada with 0% FX fees
  • Uncapped 1% cash back with a very low $15,000 income requirement

Suggested score 660+ · Good credit

Apply nowView details

No FX fee

#23
CIBC Dividend Visa Card for Students
CIBC

CIBC Dividend Visa Card for Students

3.7·Students who want simple cash back and credit-building with no fee.
Annual fee
No annual fee
Welcome bonus
$125
Top reward
2% groceries
  • Real cash back welcome bonus on a student card
  • SPC+ membership included free

Suggested score 600+ · Fair credit

Apply nowView details
#24
Rogers Red Mastercard
Rogers Bank

Rogers Red Mastercard

3.7·Rogers or Fido customers who don't meet World Elite income requirements but still want 2% cashback.
Annual fee
No annual fee
Top reward
2% u.s. dollar purchases
  • 2% cashback everywhere for Rogers-family customers with no fee
  • Useful telecom perks like free roaming days and 0% phone financing

Suggested score 660+ · Good credit

Apply nowView details
#25
Desjardins Cash Back Mastercard
Desjardins

Desjardins Cash Back Mastercard

3.6·Desjardins members who want no-fee cash back on dining, entertainment and recurring bills with bonus short-trip insurance.
Annual fee
No annual fee
Top reward
2% restaurants
  • Solid 2% categories on a no-fee card
  • Rare no-fee card with travel medical insurance (3 days) and mobile device coverage

Suggested score 660+ · Good credit

Apply nowView details
#26
RBC Cash Back Mastercard
RBC

RBC Cash Back Mastercard

3.4·No-fee seekers and students who put most of their spending on groceries.
Annual fee
No annual fee
Welcome bonus
$70
Top reward
2% grocery store purchases
  • Strong no-fee grocery earn rate
  • Flexible on-demand cash back redemption

Suggested score 600+ · Fair credit

Apply nowView details
#27
CIBC Dividend Visa Card
CIBC

CIBC Dividend Visa Card

3.4·No-fee shoppers whose spending is concentrated on groceries.
Annual fee
No annual fee
Top reward
2% groceries
  • Solid no-fee grocery rate
  • Simple, flexible cash back redemption

Suggested score 660+ · Good credit

Apply nowView details
#28
BMO CashBack Business Mastercard
BMO

BMO CashBack Business Mastercard

3.4·Cost-conscious small businesses that want simple cash back on gas, office supplies, and telecom with no fee.
Annual fee
No annual fee
Welcome bonus
$150
Top reward
1.5% gas stations
  • Solid no-fee earn on common business expenses
  • Useful intro balance transfer offer for cash flow

Suggested score 660+ · Good credit

Apply nowView details
#29
RBC Cash Back Preferred World Elite Mastercard
RBC

RBC Cash Back Preferred World Elite Mastercard

3.3·Higher-income spenders who want simple flat-rate cash back with a few World Elite perks.
Annual fee
$99/yr
Top reward
1.5% all purchases
  • Simple flat-rate cash back with no category tracking
  • World Elite perks including lounge network access at a moderate fee

Suggested score 720+ · Excellent credit

Apply nowView details
#30
Laurentian Bank Visa Infinite Card
Laurentian Bank

Laurentian Bank Visa Infinite Card

3.3·Laurentian Bank clients who want a flexible 2% earn card with premium travel insurance.
Annual fee
$130/yr
Welcome bonus
$120
Top reward
2x groceries
  • Strong $5M travel medical insurance, including 65+ coverage
  • Flexible 2% earn on five everyday categories

Suggested score 720+ · Excellent credit

Apply nowView details
#32
Walmart Rewards Mastercard
Fairstone Bank of Canada

Walmart Rewards Mastercard

3.0·Households who do at least half their card spending at Walmart
Annual fee
No annual fee
Welcome bonus
$25
Top reward
3% walmart purchases
  • 3% back at Walmart, in store and online, with no annual fee
  • Reward Dollars never expire and redeem instantly at the till

Suggested score 660+ · Good credit

Apply nowView details
#33
TD Cash Back Visa Card
TD Bank

TD Cash Back Visa Card

2.8·TD loyalists who want a simple, no-fee cash back card for light spending.
Annual fee
No annual fee
Top reward
1% groceries
  • No fee and no income requirement
  • Cash back never expires and can be redeemed anytime

Suggested score 660+ · Good credit

Apply nowView details

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.

Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.

Written by

CreditCardGuru Editorial Team

Rewards & Cards Research

Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.

  • 200+ Canadian cards tracked
  • Transparent rating methodology
  • Updated continuously

Cite this page

“Best Cash Back Credit Cards in Canada” — CreditCardGuru, https://creditcardguru.ca/best/cash-back.

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