What is the best cash back credit cards in Canada?

Based on our value ranking, the BMO CashBack World Elite Mastercard from BMO currently leads this category, with a $139 annual fee and 21.99% purchase APR. Rankings update daily.

How are these cards ranked?

We rank by estimated real value for the category, computed from the welcome offer, earn rates, annual fee, and benefits. Every figure is pulled from the official issuer page, never an affiliate feed.

How current is this information?

Fees, rates, and offers are checked regularly against the official issuer pages. This page was last updated 2026-06-14. Always confirm details on the issuer's site before applying.

Ranked by value

Best Cash Back Credit Cards in Canada

Cards that pay you back in cash, ranked by effective return. 30 cards, ranked. Every figure cites the official issuer page. Updated 2026-06-14.

BMOWorld Elite

BMO CashBack World Elite Mastercard

Cash back on everyday spending

Welcome bonus

No current offer

Get up to $650 in value and the annual fees waived in the first year.

Fee: $139
APR: 21.99%

Neo FinancialWorld Elite

Neo World Elite Mastercard

Cash back on everyday spending

Welcome bonus

No current offer

Fee: $149
APR: 19.99%

CIBCVisa Infinite

CIBC Dividend Visa Infinite Card

Cash back on everyday spending

Welcome bonus

No current offer

10% cash back welcome bonus up to $200 plus $50 pre-authorized payment bonus

Fee: $120
APR: —

ScotiabankInfinite

Scotia Momentum Visa Infinite Card

Cash back on everyday spending

Welcome bonus

No current offer

15% cash back on first $2,000 in everyday purchases (first 3 months) + first year annual fee waived

Fee: $120
APR: 20.99%

Simplii Financial

Simplii Cash Back Visa

No annual fee rewards

Welcome bonus

No current offer

Earn up to 20% cash back

Fee: No fee
APR: 21.99%

American Express

SimplyCash® Preferred Card from American Express

Cash back on everyday spending

Welcome bonus

No current offer

Earn up to $200 in bonus cash back

Fee: $119.88
APR: 21.99%

BMO

BMO CashBack Mastercard

Cash back on everyday spending

Welcome bonus

No current offer

Get up to 5% cash back in your first 3 months

Fee: No fee
APR: 21.99%

CIBCWorld Mastercard

CIBC Costco Mastercard (Costco World Mastercard)

Cash back on everyday spending

Welcome bonus

No current offer

Fee: No fee
APR: 21.75%

CIBCPlatinum

CIBC Dividend Platinum Visa Card

Cash back on everyday spending

Welcome bonus

No current offer

10% cash back welcome bonus up to $200 plus $50 pre-authorized payment bonus

Fee: $99
APR: 21.99%

Rogers BankWorld Elite Mastercard

Rogers Red World Elite Mastercard

Cash back on everyday spending

Welcome bonus

No current offer

Fee: No fee
APR: 20.99%

Scotiabank

Scotia Momentum for Business Visa Card

For business spending

Welcome bonus

No current offer

Get 5% cash back on up to $6,500 in purchases in the first three months

Fee: $79
APR: 20.99%

TD Canada TrustInfinite

TD Cash Back Visa Infinite* Card

Cash back on everyday spending

Welcome bonus

No current offer

Earn up to $600 in total value - 10% Cash Back in first 3 months plus first-year annual fee rebate

Fee: $139
APR: 21.99%

Neo FinancialWorld

Neo World Mastercard

Cash back on everyday spending

Welcome bonus

No current offer

Fee: No fee
APR: 19.99%

RBC Royal Bank

RBC Business Cash Back Mastercard

For business spending

Welcome bonus

No current offer

2% cash back on purchases in the first three months

Fee: No fee
APR: 19.99%

RBC Royal BankStandard

RBC Cash Back Mastercard

Cash back on everyday spending

Welcome bonus

No current offer

Get up to 7% cash back for the first 3 months on up to $1,000 in total purchases

Fee: No fee
APR: 20.99%

Rogers Bank

Rogers Red Mastercard

Cash back on everyday spending

Welcome bonus

No current offer

Fee: No fee
APR: 20.99%

Rogers BankWorld Mastercard

Rogers Red World Mastercard

Cash back on everyday spending

Welcome bonus

No current offer

Fee: No fee
APR: 20.99%

Scotiabank

Scotia Momentum Visa Card

Cash back on everyday spending

Welcome bonus

No current offer

Fee: $49
APR: 20.99%

American Express

SimplyCash® Card from American Express

Cash back on everyday spending

Welcome bonus

No current offer

Earn up to $100 in bonus cash back

Fee: No fee
APR: 21.99%

TangerineStandard

Tangerine Money-Back Credit Card

Cash back on everyday spending

Welcome bonus

No current offer

Earn 10% cash back for 2 months (Up to $100)

Fee: No fee
APR: 20.95%

TangerineWorld

Tangerine Money-Back World Mastercard

Cash back on everyday spending

Welcome bonus

No current offer

Get $100 with a Money-Back World Mastercard

Fee: No fee
APR: 20.95%

TD Canada Trust

TD Business Cash Back Visa Card

For business spending

Welcome bonus

No current offer

Fee: No fee
APR: 19.99%

WealthsimpleVisa Infinite Privilege

Wealthsimple Credit Card

Great for travel abroad

Welcome bonus

No current offer

Fee: $240
APR: 20.99%

RBC Royal BankWorld Elite

RBC Cash Back Preferred World Elite Mastercard

Cash back on everyday spending

Welcome bonus

No current offer

Receive 10.5% bonus cash back plus 1.5% standard cash back on qualifying transactions

Fee: $99
APR: 20.99%

Neo Financial

Neo Mastercard

Cash back on everyday spending

Welcome bonus

No current offer

Fee: No fee
APR: 19.99%

Scotiabank

Scotia Momentum Mastercard

Cash back on everyday spending

Welcome bonus

No current offer

Fee: No fee
APR: 20.99%

Scotiabank

Scotia Momentum No-Fee Visa Card

Cash back on everyday spending

Welcome bonus

No current offer

5% cash back on up to $2,000 in eligible purchases for first 3 months + 0% intro balance transfer rate

Fee: No fee
APR: 20.99%

TD Canada TrustClassic

TD Cash Back Visa* Card

Cash back on everyday spending

Welcome bonus

No current offer

Earn up to $100 in Cash Back Dollars

Fee: No fee
APR: 21.99%

BMO

BMO CashBack Business Mastercard

For business spending

Welcome bonus

No current offer

Get 10% cash back on gas, office supplies, and recurring cell phone/internet bill payments for 3 months

Fee: No fee
APR: 20.99%

CIBC

CIBC CashBack Visa Card for Business

For business spending

Welcome bonus

No current offer

Fee: —
APR: —

Frequently asked

What is the best cash back credit cards in Canada?: Based on our value ranking, the BMO CashBack World Elite Mastercard from BMO currently leads this category, with a $139 annual fee and 21.99% purchase APR. Rankings update daily.
How are these cards ranked?: We rank by estimated real value for the category, computed from the welcome offer, earn rates, annual fee, and benefits. Every figure is pulled from the official issuer page, never an affiliate feed.
How current is this information?: Fees, rates, and offers are checked regularly against the official issuer pages. This page was last updated 2026-06-14. Always confirm details on the issuer's site before applying.

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