SmartCanucks logo

Best Cash Back Credit Cards in Canada 2025

Compare 21 best cash back cards from Canada's top banks in 2025

Cash Back Credit Cards in Canada 2025

Cash back credit cards offer a simple and straightforward way to earn rewards on your everyday purchases. With cash back cards, you earn a percentage of your spending back as cash rewards, which can be redeemed as statement credits, direct deposits, or checks.

How Cash Back Cards Work

Most cash back cards in Canada offer between 1% to 4% cash back on purchases, with higher rates typically reserved for specific categories like groceries, gas, or recurring bills. Premium cards may offer welcome bonuses worth hundreds of dollars in cash back.

Best For

  • People who prefer simple, flexible rewards
  • Those who want to reduce their credit card balance directly
  • Shoppers who don't want to track points or miles

Best Credit Cards in Canada

The Honest Canadian Rankings

Scotia Momentum No-Fee Visa Card from Scotiabank - VISA credit card with no annual fee

Scotia Momentum No-Fee Visa Card

Scotiabank

1
VISA

Annual Fee

$0.00

Purchase APR

19.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).

✨

Key Benefits

  • •NO ANNUAL FEE
  • •Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).
  • •Plus, get a 0% introductory interest rate on balance transfers for the first 6 months (2% fee per cash advance, 22.99% after that; annual fee $0).
  • •Annual fee: $0
  • •Interest rates: 19.99% purchases / 22.99% cash advances

Card Features

Cash BackMomentumNo FeeBalance Transfer
Go to SiteLearn More
RBC Cash Back Preferred World Elite Mastercard from RBC - MASTERCARD credit card with $99.00 annual fee

RBC Cash Back Preferred World Elite Mastercard

RBC

2
MASTERCARD

Annual Fee

$99.00

Purchase APR

20.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Special Offer

✨

Key Benefits

  • •Special Offer
  • •Get 12% cash back on all purchases for the first 3 months up to $2,000 in total purchases^. That’s up to $240 in cash back!
  • •Unlimited cash back of up to 1.5% on all purchases thereafter3
  • •Premium Cash Back credit card benefits
  • •Mastercard Airport Experiences provided by DragonPass2
  • •RBC Cash Back Preferred World Elite Mastercard
  • •Annual Fee:
  • •Second Card:
  • •Purchase Rate:
  • •Cash Advance Rate:

Card Features

World EliteCash BackPremium
Go to SiteLearn More
Scotia Momentum No-Fee Visa Card (for students) from Scotiabank - VISA credit card with no annual fee

Scotia Momentum No-Fee Visa Card (for students)

Scotiabank

3
VISA

Annual Fee

$0.00

Purchase APR

19.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).

✨

Key Benefits

  • •Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).
  • •Plus, get a 0% introductory interest rate on balance transfers for the first 6 months (2% fee per cash advance, 22.99% after that; annual fee $0).
  • •Annual fee: $0
  • •Interest rates: 19.99% purchases / 22.99% cash advances

Card Features

Balance TransferStudentNo FeeCash BackMomentum
Go to SiteLearn More
CIBC Dividend Visa Infinite Card from CIBC - VISA credit card with $120.00 annual fee

CIBC Dividend Visa Infinite Card

CIBC

4
VISA

Annual Fee

$120.00

Purchase APR

21.99%

Foreign Fee

2.5%

✨

Key Benefits

  • •4% cash back on eligible gas, electric vehicle charging and groceries
  • •2% cash back on eligible transportation, dining and recurring payments
  • •Mobile Device Insurance | Save on gas | Visa concierge services

Card Features

PremiumCash BackVisa Infinite
Go to SiteLearn More
Scotia Momentum Visa Infinite Card from Scotiabank - VISA credit card with $120.00 annual fee

Scotia Momentum Visa Infinite Card

Scotiabank

5
VISA

Annual Fee

$120.00

Purchase APR

20.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).

✨

Key Benefits

  • •Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).
  • •Plus, no annual fee in the first year, including on additional cards.
  • •Annual fee: $120
  • •Interest rates: 20.99% purchases / 22.99% cash advances

Card Features

Visa InfiniteCash BackPremiumMomentum
Go to SiteLearn More
CIBC Dividend Visa Card for Students from CIBC - VISA credit card with no annual fee

CIBC Dividend Visa Card for Students

CIBC

6
VISA

Annual Fee

$0.00

Purchase APR

21.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Join and earn up to $125 cash back

✨

Key Benefits

  • •2% cash back on eligible groceries
  • •1% cash back on eligible gas, electric vehicle charging, transportation and recurring payments
  • •Free SPC+ membership | Extended warranty | Pay in installments

Card Features

StudentCash BackNo Fee
Go to SiteLearn More
RBC Business Cash Back Mastercard from RBC - MASTERCARD credit card with no annual fee

RBC Business Cash Back Mastercard

RBC

7
MASTERCARD

Annual Fee

$0.00

Purchase APR

19.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Earn 2% cash back on all your purchases* for the first three months

✨

Key Benefits

  • •Earn 2% cash back on all your purchases* for the first three months
  • •Earn 1% cash back* on all purchases thereafter
  • •No Annual Fee
  • •RBC Business Cash Back Mastercard
  • •Earn 2% cash back on all your purchases* for the first three months
  • •Earn 1% cash back* on all purchases thereafter
  • •No Annual Fee
  • •Annual Fee:
  • •Second Card:
  • •Purchase Rate:
  • •Cash Advance Rate:

Card Features

Cash BackBusinessSmall Business
Go to SiteLearn More
TD Cash Back Visa Infinite Card from TD Bank - VISA credit card with $139.00 annual fee

TD Cash Back Visa Infinite Card

TD Bank

8
VISA

Annual Fee

$139.00

Purchase APR

21.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Earn up to $600 in value, including 10% in Cash Back Dollars in the first 3 months on Bonus Eligible Purchases up to a total spend of $3,500. Conditions apply.

✨

Key Benefits

  • •Earn up to $600 in value, including 10% in Cash Back Dollars in the first 3 months on Bonus Eligible Purchases up to a total spend of $3,500. Conditions apply.
  • •$139 Annual Fee
  • •21.99% Interest: Purchases
  • •22.99% Interest: Cash Advances

Card Features

Cash BackPremiumVisa Infinite
Go to SiteLearn More
CIBC Dividend Platinum Visa Card from CIBC - VISA credit card with $99.00 annual fee

CIBC Dividend Platinum Visa Card

CIBC

9
VISA

Annual Fee

$99.00

Purchase APR

21.99%

Foreign Fee

2.5%

✨

Key Benefits

  • •3% cash back on eligible gas, electric vehicle charging and groceries
  • •2% cash back on eligible transportation, dining and recurring payments
  • •Save on gas | Auto Rental Collision Insurance | Pay in installments

Card Features

PremiumCash BackPlatinum Tier
Go to SiteLearn More
CIBC Dividend Visa Card from CIBC - VISA credit card with no annual fee

CIBC Dividend Visa Card

CIBC

10
VISA

Annual Fee

$0.00

Purchase APR

21.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Get up to 10 cents off per litre at participating gas stations with Journie Rewards.

✨

Key Benefits

  • •2% cash back on eligible groceries
  • •1% cash back on eligible gas, electric vehicle charging, transportation, dining and recurring payments
  • •Save on gas | Extended warranty | CIBC Pace It Installment Plans

Card Features

Cash BackNo Fee
Go to SiteLearn More
TD Cash Back Visa Card from TD Bank - VISA credit card with no annual fee

TD Cash Back Visa Card

TD Bank

11
VISA

Annual Fee

$0.00

Purchase APR

21.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Earn up to $50 in Cash Back Dollars with the TD Cash Back Visa Card. Conditions apply.

✨

Key Benefits

  • •Earn up to $50 in Cash Back Dollars with the TD Cash Back Visa Card. Conditions apply.
  • •$0 Annual Fee
  • •21.99% Interest: Purchases
  • •22.99% Interest: Cash Advances

Card Features

Cash BackNo FeeGeneral
Go to SiteLearn More
BMO CashBack Mastercard from BMO - MASTERCARD credit card with no annual fee

BMO CashBack Mastercard

BMO

12
MASTERCARD

Annual Fee

$0.00

Purchase APR

21.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.

✨

Key Benefits

  • •Cash Back
  • •No Fee
  • •$0annual fee
  • •21.99% for purchases
  • •23.99% for cash advances(21.99% for Quebec residents)
  • •Welcome offer: Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.
  • •for purchases
  • •for cash advances
  • •for Quebec residents

Card Features

Cash BackNo Fee
Go to SiteLearn More

Student BMO CashBack Mastercard

BMO

13
MASTERCARD

Annual Fee

$0.00

Purchase APR

21.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Get 5% cash back in your first 3 months!

✨

Key Benefits

  • •Student
  • •No Fee
  • •$0annual fee
  • •21.99% for purchases
  • •23.99% for cash advances(21.99% for Quebec residents)
  • •Welcome offer: Get 5% cash back in your first 3 months!
  • •for purchases
  • •for cash advances
  • •for Quebec residents

Card Features

Cash BackStudentNo Fee
Go to SiteLearn More
RBC Cash Back Mastercard from RBC - MASTERCARD credit card with no annual fee

RBC Cash Back Mastercard

RBC

14
MASTERCARD

Annual Fee

$0.00

Purchase APR

20.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Offer Available

✨

Key Benefits

  • •Offer Available
  • •No annual fee
  • •Unlimited cashback and up to 2% back on groceries1
  • •Purchase security and extended warranty protection***
  • •RBC Cash Back Mastercard
  • •Annual Fee:
  • •Second Card:
  • •Purchase Rate:
  • •Cash Advance Rate:

Card Features

Cash Back
Go to SiteLearn More
CIBC Costco Business Mastercard from CIBC - MASTERCARD credit card with no annual fee

CIBC Costco Business Mastercard

CIBC

15
MASTERCARD

Annual Fee

$0.00

Purchase APR

20.75%

Foreign Fee

2.5%

✨

Key Benefits

  • •3% cash back at Costco gas and restaurants
  • •2% cash back at Costcobusinesscentre.ca, at Costco.ca, on shipping, on insurance services, at other gas stations and at electric vehicle charging stations
  • •CIBC Pace It Installment Plans: Special rates on eligible Costco purchases

Card Features

CostcoCash BackStore CardNo FeeSmall Business
Go to SiteLearn More
CIBC Costco Mastercard from CIBC - MASTERCARD credit card with no annual fee

CIBC Costco Mastercard

CIBC

16
MASTERCARD

Annual Fee

$0.00

Purchase APR

21.75%

Foreign Fee

2.5%

✨

Key Benefits

  • •3% cash back at restaurants and Costco gas
  • •2% cash back at other gas stations, electric vehicle charging stations and at Costco.ca
  • •CIBC Pace It Installment Plans: Special rates on eligible Costco purchases

Card Features

CostcoCash BackStore CardNo Fee
Go to SiteLearn More
Scotia Momentum Mastercard credit card from Scotiabank - MASTERCARD credit card with no annual fee

Scotia Momentum Mastercard credit card

Scotiabank

17
MASTERCARD

Annual Fee

$0.00

Purchase APR

20.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Earn 1% cash back on all eligible gas station, grocery store, drug store purchases and recurring payments.

✨

Key Benefits

  • •Earn 1% cash back on all eligible gas station, grocery store, drug store purchases and recurring payments.
  • •7.99% introductory interest rate on purchases for the first 6 months (20.99% after that; annual fee $0).
  • •Annual fee: $0
  • •Interest rates: 20.99% purchases / 22.99% cash advances

Card Features

Cash BackMomentumNo Fee
Go to SiteLearn More
TD Business Cash Back Visa Card from TD Bank - VISA credit card with no annual fee

TD Business Cash Back Visa Card

TD Bank

18
VISA

Annual Fee

$0.00

Purchase APR

19.99%

Foreign Fee

2.5%

✨

Key Benefits

  • •Invest back into your business with Cash Back Dollars.
  • •$0 Annual Fee
  • •19.99% Interest: Purchases
  • •22.99% Interest: Cash Advances

Card Features

Cash BackNo FeeBusinessSmall Business
Go to SiteLearn More
BMO CashBack World Elite Mastercard from BMO - MASTERCARD credit card with $120.00 annual fee

BMO CashBack World Elite Mastercard

BMO

19
MASTERCARD

Annual Fee

$120.00

Purchase APR

21.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Get up to $335 in additional cash back including 10% cash back in your first 3 months. Plus, we'll waive the $120 annual fee in the first year.

✨

Key Benefits

  • •Cash Back
  • •$120annual fee
  • •21.99% for purchases
  • •23.99% for cash advances(21.99% for Quebec residents)
  • •Welcome offer: Get up to $335 in additional cash back including 10% cash back in your first 3 months. Plus, we'll waive the $120 annual fee in the first year.
  • •for purchases
  • •for cash advances
  • •for Quebec residents
  • •Minimum $80,000.00 (individual) or $150,000.00 (household) annual income required

Card Features

Cash BackPremiumWorld Elite
Go to SiteLearn More
Scotia Momentum Visa Card from Scotiabank - VISA credit card with $39.00 annual fee

Scotia Momentum Visa Card

Scotiabank

20
VISA

Annual Fee

$39.00

Purchase APR

19.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Get a 2.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $39).

✨

Key Benefits

  • •Get a 2.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $39).
  • •Annual fee: $39
  • •Interest rates: 19.99% purchases / 22.99% cash advances

Card Features

Balance TransferCash BackMomentumLow Fee
Go to SiteLearn More
Scotia Momentum Visa Card (for students) from Scotiabank - VISA credit card with $39.00 annual fee

Scotia Momentum Visa Card (for students)

Scotiabank

21
VISA

Annual Fee

$39.00

Purchase APR

19.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Get a 2.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $39).

✨

Key Benefits

  • •Get a 2.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $39).
  • •Annual fee: $39
  • •Interest rates: 19.99% purchases / 22.99% cash advances

Card Features

StudentLow FeeCash BackMomentumBalance Transfer
Go to SiteLearn More