Best cash back credit cards in Canada
Cash back credit cards ranked by how much you’d get back in a year, after the annual fee.
Card details updated November 10, 2026 How we rank
What’s in each?
- Light:
- Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
- Typical:
- Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
- Big:
- Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
- Yours:
- Your own amounts, saved on this device only
Not sure which kind of card you need? Help me choose
50 cash back credit cards, ranked for you
Ranked by value in year one at $2,500 a month, after fees. How we rank
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Ranked 1. CIBC Dividend® Visa Infinite Card
CIBC · Visa Expert Score 8.1 out of 10. Very good
Worth in year one $926Then each year $8064% back on groceries and gas, 1% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 first year Then $120 a year
Needs $60,000 personal or $100,000 household income
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Ranked 2. Scotia Momentum® Visa Infinite+ Card
Scotiabank · Visa Expert Score 8.5 out of 10. Excellent
Worth in year one $878Then each year $7584% back on groceries and recurring bills, 1% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 first year Then $120 a year
Needs $60,000 personal or $100,000 household income
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Ranked 3. SimplyCash® Preferred Card from American Express
American Express Expert Score 8.2 out of 10. Very good
Worth in year one $852Then each year $8524% back on groceries and gas, 2% back on everything else
- Welcome offer
- None listed
- Annual fee
- $119.88 a year
Needs $15,000 personal income
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Read the full review: SimplyCash® Preferred Card from American Express
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Ranked 4. Desjardins Cash Back World Elite Mastercard
Desjardins · Mastercard
Worth in year one $818Then each year $7184% back on groceries, 1% back on everything else
- Welcome offer
- $100 you’d get The full offer. Up to $100 back.
- Annual fee
- $100 a year
Needs $80,000 personal or $150,000 household income
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Read the full review: Desjardins Cash Back World Elite Mastercard
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Best welcome offers right now
What you’d actually get at $2,500 a month.
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Tangerine World Mastercard®
$120 you’d get
Up to $120 back.
The full offer at your spending
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CIBC Costco® Business Mastercard®
$100 you’d get
Up to $100 back.
The full offer at your spending
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Desjardins Cash Back World Elite Mastercard
$100 you’d get
Up to $100 back.
The full offer at your spending
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Simplii Financial™ Cash Back Visa* Card
$100 you’d get
Up to $100 back.
The full offer at your spending
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Rogers Red Mastercard®
$60 you’d get
Up to $60 back.
The full offer at your spending
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Rogers Red World Elite® Mastercard®
$40 you’d get
Up to $40 back.
The full offer at your spending
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Ranked 5. TD Cash Back Visa Infinite Card
TD · Visa Expert Score 8.2 out of 10. Very good
Worth in year one $782Then each year $6433% back on groceries, gas and transit, 1% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 first year Then $139 a year
Needs $60,000 personal or $100,000 household income
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Ranked 6. BMO® CashBack® World Elite® Mastercard®
BMO · Mastercard Expert Score 8.0 out of 10. Very good
Worth in year one $690Then each year $5705% back on groceries, 1% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 first year Then $120 a year
Needs $80,000 personal or $150,000 household income
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Read the full review: BMO® CashBack® World Elite® Mastercard®
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Ranked 7. CIBC Dividend Platinum® Visa Card
CIBC · Visa Expert Score 7.2 out of 10. Good
Worth in year one $690Then each year $5913% back on groceries and gas, 1% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 first year Then $99 a year
Needs $15,000 household income
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Ranked 8. Tims® Credit Card
ATB Financial · Mastercard
Worth in year one $672Then each year $6725% back on groceries and gas, 0.5% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 9. Wealthsimple Visa Infinite card
KOHO · Visa
Worth in year one $660Then each year $6602% back on everything
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Needs $80,000 personal or $150,000 household income
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Ranked 10. Quicksilver World Elite Mastercard®
Capital One · Mastercard
Worth in year one $657Then each year $6573% back on groceries and gas, 1% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Needs $80,000 personal or $150,000 household income
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Ranked 11. Quicksilver World Mastercard®
Capital One · Mastercard
Worth in year one $657Then each year $6573% back on groceries and gas, 1% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Needs $50,000 personal or $80,000 household income
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Ranked 12. Neo World Elite® Mastercard
Neo · Mastercard Expert Score 7.4 out of 10. Good
Worth in year one $631Then each year $6315% back on groceries, 1% back on everything else
- Welcome offer
- None listed
- Annual fee
- $149 a year
Needs $80,000 personal or $150,000 household income
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Ranked 13. Rogers Red World Elite® Mastercard®
Rogers Bank · Mastercard Expert Score 7.7 out of 10. Good
Worth in year one $600Then each year $5601.5% back on everything
- Welcome offer
- $40 you’d get The full offer. Up to $40 back.
- Annual fee
- $0 No annual fee
Needs $80,000 personal or $150,000 household income
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Ranked 14. Rogers Red World Elite® Business Mastercard
Rogers Bank · Mastercard
Worth in year one $560Then each year $5601.5% back on everything
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Needs $80,000 personal or $150,000 household income
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Read the full review: Rogers Red World Elite® Business Mastercard
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Ranked 15. RBC Cash Back Preferred World Elite Mastercard
RBC · Mastercard Expert Score 7.5 out of 10. Good
Worth in year one $552Then each year $5523% back on groceries, restaurants and food delivery, 1% back on everything else
- Welcome offer
- None listed
- Annual fee
- $120 a year
Needs $80,000 personal or $150,000 household income
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Read the full review: RBC Cash Back Preferred World Elite Mastercard
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Ranked 16. Scotia Momentum for business Visa
Scotiabank · Visa Expert Score 7.6 out of 10. Good
Worth in year one $511Then each year $5113% back on gas, restaurants and recurring bills, 1% back on everything else
- Welcome offer
- None listed
- Annual fee
- $79 a year
Income rule not listed
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Ranked 17. CIBC Costco® Business Mastercard®
CIBC · Mastercard
Worth in year one $505Then each year $4053% back on restaurants, 1% back on everything else
- Welcome offer
- $100 you’d get The full offer. Up to $100 back.
- Annual fee
- $0 No annual fee
Needs $15,000 personal income
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Ranked 18. Simplii Financial™ Cash Back Visa* Card
CIBC · Visa Expert Score 7.5 out of 10. Good
Worth in year one $460Then each year $3604% back on restaurants, 0.5% back on everything else
- Welcome offer
- $100 you’d get The full offer. Up to $100 back.
- Annual fee
- $0 No annual fee
Needs $15,000 household income
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Read the full review: Simplii Financial™ Cash Back Visa* Card
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Ranked 19. SimplyCash® Card from American Express
American Express Expert Score 8.2 out of 10. Very good
Worth in year one $425Then each year $4252% back on groceries and gas, 1.3% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Needs $15,000 personal income
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Read the full review: SimplyCash® Card from American Express
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Ranked 20. Home Trust Preferred Visa Card
Home Trust · Visa Expert Score 8.0 out of 10. Very good
Worth in year one $405Then each year $4051% back on everything
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Needs $15,000 personal income
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Showing 20 of 50 cards
Filters
Your spending a month
Your balance
How we rank cards
The list is math only: one set of rules, worked out for the choices you made.
What Year one and Every year mean
Year one is what a card is worth in its first year at your spending: the rewards it earns, plus any welcome offer your spending would reach, minus the first year’s annual fee.
Every year after leaves out the welcome offer and takes off the full annual fee, so a big offer can’t hide a weak earn rate.
We rank by the one you pick. When two cards come out the same, the one with the higher score goes first. Values are estimates, rounded to the dollar.
What’s in each spending choice
Each choice is an example month of spending, split across the kinds of spending cards reward differently. Pick the one closest to yours.
- Light, $1,000 a month: Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
- Typical, $2,500 a month: Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
- Big, $5,000 a month: Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
How we value points
Each points program gets one value per point, taken from the program’s own valuation. Cards in the same program use the same value, so two cards that earn the same points are judged the same way.
- Aeroplan: 2 cents a point
- American Express Membership Rewards: 1.7 cents a point
- BMO Rewards: 0.67 cents a point
- British Airways Club: 2 cents a point
- Cathay Asia Miles: 1.5 cents a point
- CIBC Aventura: 1 cents a point
- Desjardins BONUSDOLLARS: 100 cents a point
- Flying Blue: 1.9 cents a point
- Marriott Bonvoy: 0.8 cents a point
- moi Rewards: 0.8 cents a point
- More Rewards: 0.2 cents a point
- National Bank a la carte Rewards: 0.9 cents a point
- PC Optimum: 0.1 cents a point
- RBC Avion: 1.7 cents a point
- Scene+: 1 cents a point
- TD Rewards: 0.5 cents a point
- Triangle Rewards: 100 cents a point
- United MileagePlus: 1.6 cents a point
- VIPorter: 1.5 cents a point
- WestJet Rewards: 1 cents a point
A card whose points we can’t value yet shows its points and sorts after the cards we can value.
What Low interest adds up
Low interest ranks by what a year of carrying a balance would cost: interest at the card’s purchase rate, plus the annual fee. It assumes the balance stays the same all year and leaves out rewards and welcome offers.
A balance transfer offer shows on the card when it has one, but it doesn’t change the order.
Does pay change the order?
No. The order comes only from the math above. We get paid when you apply through some links, and a bank can pay to show a card in a spot marked Sponsored. Pay never moves a card in the ranked list or changes its score.
Help me choose
Four quick questions, then a list that fits. Your answers only set the list. We don’t keep them.
Show the questions as a form
Help me choose
Mr. Loonie is typing
Which kind of card fits you?
Start with what you want the card to do. Each one has its own ranked list.
- Travel points Good if you fly at least once a year and will use points for flights. Watch for higher annual fees. Points are worth less on merchandise.
- No annual fee Good if you spend under about $1,500 a month or want a backup card. Watch for lower earn rates and fewer insurance perks.
- Low interest Good if you sometimes carry a balance from month to month. Watch for little or no rewards. Paying in full each month saves more than any rate.
- Balance transfer Good if you have card debt to pay down over several months. Watch for a transfer fee and the regular rate once the promo ends.
- No foreign fee Good if you shop in US dollars or travel outside Canada. Watch for an annual fee on most of them. The fee you save abroad can cover it.
- New to Canada Good if you’ve just arrived and have no Canadian credit history yet. Watch for lower limits at first. Some need a Canadian bank account or a deposit.
- Build credit Good if you’re rebuilding your credit after missed payments. Watch for the deposit, which sets your limit. Rewards are small or none.
- Students Good if you’re in school with little or no income. Watch for low limits. Pay on time and the card builds your history.
Cards by bank
Cards by network
Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. Values are estimates for the spending you picked, rounded to the nearest dollar.
Spot something wrong? We’ll check it with the bank. Suggest a correction