Best cash back credit cards
The simplest way to earn from every purchase. These cards put real dollars back in your account — no points math required.
58 cards · Ranked by first-year value · Portal bonuses included
BMO
BMO Cash Back World Elite Mastercard
Year 1 value
~$610
Bonus
5% cash back (first 3 months)
Annual fee
$120
TD
TD Cash Back Visa Infinite
Year 1 value
~$565
Bonus
10% cash back (first 3 months)
Annual fee
$139
Scotiabank
Scotiabank Momentum Visa Infinite
Year 1 value
~$560
Bonus
10% cash back (first 3 months, up to $2,000/cat)
Annual fee
$120
MBNA
MBNA Smart Cash World Elite Mastercard
Year 1 value
~$550
Bonus
5% cash back (first 6 months)
Annual fee
$120
CIBC
CIBC Dividend Visa Infinite
Year 1 value
~$600
Bonus
10% back (up to $3,000)
Annual fee
FYF
Mastercard
Tangerine Money-Back Credit Card
Year 1 value
~$610
Bonus
11.13% cash back ($106◊)
Annual fee
$0
Desjardins
Desjardins Cash Back World Elite MC
Year 1 value
~$300
Bonus
No welcome bonus
Annual fee
$100
MBNA / TD
MBNA Smart Cash Platinum Plus MC
Year 1 value
~$325
Bonus
5% back (first 6 mo)
Annual fee
$0
Meridian Credit Union
Meridian Visa Infinite Cash Back
Year 1 value
$300
Bonus
$100 cash back
Annual fee
$99
CIBC
CIBC Dividend Platinum Visa
Year 1 value
$280
Bonus
$100 cash back
Annual fee
$99
American Express
Amex SimplyCash Preferred
Year 1 value
~$300
Bonus
10% back (first 3 mo)
Annual fee
$10/mo
RBC
RBC Cash Back Preferred World Elite MC
Year 1 value
~$290
Bonus
12% back (first 3 mo)
Annual fee
FYF
Scotiabank
Scotia Momentum No-Fee Visa
Year 1 value
~$215
Bonus
10% back (first 3 mo)
Annual fee
$0
Home Trust
Home Trust Preferred Visa
Year 1 value
~$150
Bonus
No welcome bonus
Annual fee
$0
Canadian Tire Bank
Triangle World Elite Mastercard
Year 1 value
~$150
Bonus
No welcome bonus
Annual fee
$0
American Express
Amex SimplyCash Card
Year 1 value
~$100
Bonus
5% back (first 3 mo)
Annual fee
$0
BMO
BMO Cash Back Mastercard (Student)
Year 1 value
~$100
Bonus
5% cash back (first 3 months)
Annual fee
$0
CIBC
CIBC Costco Mastercard
Year 1 value
~$100
Bonus
$100 statement credit
Annual fee
$0
Simplii Financial
Simplii Financial Cash Back Visa
Year 1 value
~$93
Bonus
20% back (first 3 mo)
Annual fee
$0
Capital One
Capital One Smart Rewards Mastercard
Year 1 value
$0
Bonus
None
Annual fee
No fee
Neo Financial
Neo Financial Money Mastercard
Year 1 value
$0
Bonus
None
Annual fee
No fee
Neo Financial
Neo Financial Standard Mastercard
Year 1 value
$0
Bonus
None
Annual fee
No fee
Wealthsimple
Wealthsimple Cash Mastercard
Year 1 value
$0
Bonus
None
Annual fee
No fee
Rankings based on estimated first-year value including portal cash back. Individual results vary. Always verify offer terms before applying.