Best Credit Cards: Cash Back

Updated May 1, 2025
best cash back cards featured
Best Credit Cards: Cash Back

Here are the best cash back credit card offers in Canada:

BMO

BMO CashBack® World Elite®* Mastercard®* is one of Canada’s best cash back Mastercard credit cards.

Right now, you can get up to $650 in value, including $40 cash back each month in your first year. Plus, you won’t have to pay the $139 annual fee in 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 the BMO CashBack® World Elite®* Mastercard®*, you get great cash back rates in the categories that matter most:

  • 5% on groceries*
  • 4% on transit including ride sharing, taxis and public transportation*
  • 3% on gas and electric vehicle charging*
  • 2% on recurring bill payments*
  • 1% cash back on all other purchases, with no limit on the amount of cash back you can earn*

You also enjoy practical benefits like free membership in Mastercard Travel Pass provided by DragonPass, free roadside assistance services, discounts on car rentals with National, Alamo and Enterprise, as well as comprehensive travel and purchase insurance coverage.

Finally, enjoy six months of Instacart+ membership and a monthly $10 Instacart credit when you sign up with your eligible BMO credit card.

CIBC

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:

  • 4% cash back on eligible gas, electric vehicle charging, and grocery purchases†
  • 2% cash back on eligible transportation and dining purchases and on eligible recurring bill payments†
  • 1% cash back on all other purchases†

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:

  • Auto Rental Collision/Loss Damage Insurance
  • $500,000 Common Carrier Accident Insurance
  • Out-of-Province Emergency Travel Medical Insurance
  • Purchase Security and Extended Protection Insurance

Rogers

The Rogers Red World Elite® Mastercard is one of the best no annual fee cash back credit cards in Canada.

With the Rogers Red World Elite® Mastercard, you get 2% cash back on all your eligible purchases (including at Costco) if you have at least one eligible service with Rogers, Fido, Comwave, or Shaw.

Otherwise, earn 1.5% cash back on all eligible purchases in currencies other than U.S. dollars.

Receive 3% cash back on all eligible purchases in US dollars (this credit card is therefore particularly suitable for snowbirds) and 1.5 times more cash back each time you redeem it for Rogers, Fido, or Shaw eligible purchases.

Furthermore, Rogers customers get 5 Roam Like Home days at no cost, every year, with an eligible Rogers mobile plan.

As the Rogers Red World Elite® Mastercard is a World Elite Mastercard, you receive a complimentary Mastercard Travel Pass membership (powered by DragonPass) providing access to over 1,300 airport lounges worldwide (US$32 per person per visit).

Finally, you’re protected by a wide range of insurance coverages, such as :

  • Extended Warranty and Purchase Protection
  • Rental Car Collision/Damage
  • Out-of-province/country emergency medical care
  • Trip Interruption Insurance
  • Trip Cancellation Insurance

Scotiabank

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 additional cards. And you can get 15% cash back on all your purchases for the first three months (up to $2,000 in total purchases).

It also includes a new convenient benefit for travellers: enjoy 10 GB of free GigSky global mobile data for 15 days, as well as access to Travel Essentials to use essential apps like messaging, maps, and email while on the go. Cardholders also continue to receive 1 GB of free GigSky mobile data per year, plus a 20% discount on future GigSky purchases.

With the Scotia Momentum® VISA Infinite+ card, you get:

  • 4% cash back on grocery purchases and recurring payments
  • 2% cash back on gas purchases, public transit, carpooling, and food delivery
  • 1% cash back on all other purchases

For example, if you spend $1,000 per month on grocery purchases and/or recurring payments, you will get $40 cash back per month, or $480 per year, with this card, for this purchase category. And that’s not counting the other purchases you 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 get 4% cash back.

Also note that you can use your cash back at any time (the cash back balance must be at least $25).

TD

With the TD Cash Back Visa Infinite* Card, you earn 3% in Cash Back Dollars on:

  • Grocery stores
  • Gas, EV charging and public transit
  • Recurring bills, streaming services, digital media and games

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.