Best Cash Back Credit Cards in Canada (December 2025)
Cash back credit cards are the simplest way to earn rewards on your everyday purchases. Instead of dealing with points or miles, you get real money back that can be applied as a statement credit or deposited into your bank account.
The best cash back cards in Canada offer accelerated rates (2-5%) on common spending categories like groceries, gas, and recurring bills, with a base rate (0.5-1.5%) on everything else. Some cards have annual fees that can be offset by higher earn rates if you spend enough.
How We Rank These Cards
We rank cash back cards by calculating your expected annual cash back based on a $2,000/month spending profile across groceries (30%), gas (20%), dining (20%), and other purchases (30%). We subtract any annual fees to show the true first-year value you can expect.
Top Best Cash Back Credit Cards Ranked
Compare Cards
9 cards available
CIBC Dividend Visa Infinite Card
Rewards
1% cash back
Interest
21.99%
Annual Fee
$120
1st Year Value
$898
Welcome Bonus
10% cash back on first $2,500 + Annual Fee Rebate
Min. credit score: Good to Excellent (680+)
BMO CashBack World Elite Mastercard
Rewards
1% cash back
Interest
21.99%
Annual Fee
$120
1st Year Value
$932
Welcome Bonus
Up to 10% cash back in first 3 months + Annual Fee Waiver
Min. credit score: Excellent (725+)
TD Cash Back Visa Infinite Card
Rewards
1% cash back
Interest
21.99%
Annual Fee
$139
1st Year Value
$830
Welcome Bonus
10% Cash Back on all Purchases in first 3 months (up to $3,500) + Annual Fee Rebate
Min. credit score: Good to Excellent (725+)
Scotia Momentum Visa Infinite Card
Rewards
1% cash back
Interest
20.99%
Annual Fee
$120
1st Year Value
$704
Welcome Bonus
10% cash back on all purchases in first 3 months (up to $2,000 spend) + Annual Fee Waiver
Min. credit score: Good to Excellent (700+)
Simplii Financial Cash Back Visa Card
Rewards
0.5% cash back
Interest
20.99%
Annual Fee
$0
1st Year Value
$488
Welcome Bonus
Up to 8% cash back on restaurants/bars in first 3 months (up to $80)
Min. credit score: Fair to Good (620+)
BMO CashBack Mastercard
Rewards
0.5% cash back
Interest
21.99%
Annual Fee
$0
1st Year Value
$400
Welcome Bonus
Up to 5% cash back in first 3 months
Min. credit score: Good (660+)
Tangerine World Mastercard
Rewards
0.5% cash back
Interest
20.95%
Annual Fee
$0
1st Year Value
$240
Welcome Bonus
Extra 10% cash back in first 3 months (up to $120)
Min. credit score: Excellent (725+)
RBC Cash Back Preferred World Elite Mastercard
Rewards
1.5% cash back
Interest
20.99%
Annual Fee
$99
1st Year Value
$261
Welcome Bonus
None currently listed
Min. credit score: Good (660-724)
Tangerine Money-Back Credit Card
Rewards
0.5% cash back
Interest
20.95%
Annual Fee
$0
1st Year Value
$220
Welcome Bonus
Extra 10% cash back in first 2 months (up to $100)
Min. credit score: Fair to Good (600+)
Tips for Choosing Best Cash Back Credit Cards
Pro Tips
Expert advice to maximize your card benefits
- 1Calculate your break-even spending to see if a fee card is worth it
- 2Stack cash back with retailer loyalty programs for extra savings
- 3Some cards let you choose your bonus categories—pick ones matching your spending
- 4Pay attention to category caps that limit bonus earnings
Frequently Asked Questions About Best Cash Back Credit Cards
For most Canadians, the BMO CashBack World Elite Mastercard offers the best combination of earn rates (5% groceries, 4% transit, 3% gas) and perks. If you prefer no annual fee, the Tangerine Money-Back Credit Card lets you choose 2% categories with no fee.