Best Cashback Credit Cards in Canada

Cashback credit cards are a smart way to earn money back on everyday purchases. In Canada, these cards can offer high returns on groceries, gas, transit, and more. With so many options, finding the right card depends on your spending habits. Some cards reward specific categories, while others give a flat rate on everything. This guide will help you compare the top cashback cards in Canada to get the most value. For a broader overview of top-performing cards, see the full list of the top Canadian credit cards.    

I. Tangerine Money-Back Credit Card

The popularity of the Tangerine Money-Back Credit Card in Canada is justified because it doesn’t charge an annual fee and offers cashback. You can choose 2% cashback in the best areas for you, such as groceries, gasoline, or dining. There is no annual fee, cashback payments arrive every month, and you can earn extra rewards by banking with Tangerine, which makes this card valuable every day. It suits flexible individuals who want to decide how and when they earn their rewards.

Annual Fee

• The card does not require an annual fee.
• There are free extra cards for authorized users (up to 5 can be added).

Availability of a Welcome Bonus

• Cashback of $100 is available on up to $1,000 in purchases in the first 2 months
• The maximum bonus you can get is $100 cashback.

Cashback in a Nutshell

• You get 2% cashback in 2 categories that you pick. (If you want the cashback credited to your Tangerine Savings, choose 3)
• You will get 0.5% cashback on all your other purchases. An example of categories is groceries, gas, dining, regular bills, drugstores, and more.
• You receive cashback every month without needing to meet any minimum (i.e., even small spending counts!).
• If you’re looking to avoid fees entirely, explore other options in this guide to the best no-fee credit cards in Canada for 2025.

Anyone who wants to get cashback on daily purchases and avoid fees should consider getting a Tangerine Money-Back Credit Card. Because it allows 2% in customized spending categories, offers monthly cashback, and is fee-free, it’s the perfect card for those who want control over their rewards. It may not have travel rewards, but it is still one of the best cashback cards that doesn’t charge an annual fee.

II. CIBC Dividend® Visa Infinite Card

The CIBC Dividend® Visa Infinite Card is made for those who like cashback on expenses like groceries, gas, eating out, and transportation. By combining everyday rewards, benefits increase each time you purchase or make payments.

Annual fee: $120

• The primary cardholder is eligible for a first-year rebate.
• There is also a $30 annual additional card fee.
• New customers get a welcome bonus.

Cashback earnings

• Get $300 cashback in the first 4 months after approval.
• Get a 10% cashback on the first $3,000 spent.

Cashback structure

• 4% on grocery store chains (major grocery stores). At most major gas stations (Gas)
• 2% on eating out (at restaurants, cafés or fast-food outlets), taking buses, taxis, Ubers or other types of transit every day.
• 1% on every other purchase.
• The 4% and 2% cashback is given on the first $20,000 each year in every category.
• As soon as you go over the cashback cap, you will still earn 1% rewards for your purchases.

Insurance Coverage

• Mobile Device Insurance of up to $1,000 is protected if your card is used to buy the device and it is damaged, stolen, or lost. Learn more about this benefit in our detailed guide to mobile device insurance on Canadian credit cards.
• Travel Coverage: Out-of-province/country emergency medical. Insurance to cover delays in flights and with baggage

Canadians who want to get strong returns on usual expenses like groceries, gas, and dining can consider the CIBC Dividend® Visa Infinite Card. Because of the excellent earning rate, easy cashback redemption, and benefits like travel and shopping insurance, this card provides value and premium features. It works well for individuals who are strategic about their purchases and wish to get both perks and protection.

III. BMO Cashback® World Elite® Mastercard

The BMO cashback® World Elite® Mastercard® is meant for people in Canada who want to earn plenty of cashback on their regular expenses. Cardholders earn 5% back on groceries, plus higher returns on transit, gas, and usual bills, making this a very valuable card for everyday shopping. Because you can redeem the points flexibly and enjoy good travel and purchase insurance, it is a top pick for those who want to save money every day.

Card Fees

• Annual Fee: $120
• A waiver is given for the initial year to the primary cardholder.
• Another $50/year will be charged for the card.
• Currently, there is a Welcome Bonus available (as of 2025).

Cashback earnings

• During the first 3 months, you will get up to 10% cashback on eligible expenses
• Earn up to $260 in cashback on spending $2,600 (equivalent to $2,600 in spending).

Cashback Structure

• Earn up to 5% back when you pay for groceries in the app (the highest cashback reward among major banks in Canada)
• You get cashback equivalent to 4% on taxi trips, ride shares, and public transport.
• You get 3% cashback when you pay for gas or EV charging.
• 2% cashback for regularly paying bills
• You obtain cashback of 1% for all your purchases outside Clear Sky.

Those who want to earn cashback on items they purchase daily, such as groceries, gas, and transit, may consider the BMO Cashback® World Elite® Mastercard®. Because it allows redemption of points, comes with valuable benefits and coverage, and is part of the World Elite collection, it is excellent for people looking for everything in one place without losing savings or protection.

IV. Scotia Momentum® Visa Infinite Card

It is a special cashback card made for Canadians who wish to earn the most rewards from their typical credit card spending. Getting up to 4% cashback on groceries and recurring bills, and 2% on gas and daily transportation, offers huge rewards on things you purchase often. It includes a substantial welcome bonus. If you’re just starting to build your credit, you may also want to consider one of the top secured credit cards in Canada, which offer an accessible path to better cards like this one.

Card fees

• Annual Fee: $120
• The cardholder’s yearly fee will be waived in the first year.
• There is an extra card fee of $50 per year.

Welcome Bonus (valid for 2025)

• For the first 3 months, you will get 10% cashback on every purchase, up to $2,000.
• The total value of the bonus cashback is up to $250.
• When the welcome rate expires, you will earn cashback at the usual rate.

Cashback Structure

• 4% on supermarkets and not wholesale or warehouse clubs. Regular bills that need to be paid each month, such as subscriptions, utilities, and phone/internet
• 2% on gas stations, public transit, taxis, or using ride-sharing apps every day
• 1% on all other purchases that are allowed

Cashback

• Offers a 4% rate for yearly purchases of up to $25,000, then 2% up to $40,000, and 1% after that.

You should aim for a credit score of good to excellent (a score over 700 is recommended) experiences Because the card gives 4% cashback on groceries and recurring bills, the Scotia Momentum® Visa Infinite Card is great for families and those who use it daily. Insurance, luxury perks, and a generous initial bonus make it a valuable card after some time, especially if your spending goes towards its highest-earning categories.

In Summary

The right cashback credit card in Canada will depend on your usual spending, lifestyle, and where you want your finances to go. You can pick between simple, no-fee cards with the Tangerine Money-Back Credit Card, cards with rich benefits such as the BMO Cashback® World Elite® Mastercard®, or balanced cards such as the Scotia Momentum® Visa Infinite* and CIBC Dividend® Visa Infinite to suit your needs. Cashback rewards can add up quickly when used wisely. With the right card, you’ll earn while you spend—all year long.

Summary Table: At a Glance

ard	Annual Fee	Grocery Cashback	Transit Cashback	Other Key Perks
Tangerine Money-Back	$0	2% (customizable)	2% (if selected)	Monthly payouts, customizable categories
CIBC Dividend Visa Infinite	$120 (1st yr free)	4%	2%	Travel & mobile insurance, strong welcome bonus
BMO Cashback World Elite	$120 (1st yr free)	5%	4%	Elite grocery rewards, flexible redemptions
Scotia Momentum Visa Infinite	$120 (1st yr free)	4%	2%	Tiered cashback, excellent for recurring bills