Best Cash Back Credit Cards in Canada | Sparks and Bloom

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Best for: 1st Yr Fee Rebate

BMO CashBack Mastercard World Eliteᴹᴰ

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BMO CashBack Mastercard World Eliteᴹᴰ

BMO MastercardCash Back

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4.8Ratesopedia rating

The BMO CashBack Mastercard World Eliteᴹᴰ offers a first year annual fee rebate (regular fee $120/yr). It comes with a welcome bonus of $650. You earn 5x on groceries and 1x at restaurants. Estimated first-year value is $1,276.

Best of Month1st Yr Fee Rebate

Annual Fee: $120 $0
Rewards rate: 1x
Welcome Bonus: $650
1st Year Value: $1,276

Pros

First Year Annual Fee Rebate
Welcome bonus of $650
5x on groceries
Estimated 1st-year value of $1,276

Cons

Requires good credit

Best for: 1st Yr Fee Rebate

Scotia Momentum Visa Infinite + Card

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SponsoredScotia Momentum Visa Infinite + Card

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4.8Ratesopedia rating

The Scotia Momentum Visa Infinite + Card offers a first year annual fee rebate (regular fee $120/yr). It comes with a welcome bonus of $300. You earn 4x on groceries and 1x at restaurants. Estimated first-year value is $1,025.

Best of Month1st Yr Fee Rebate

Annual Fee: $120 $0
Rewards rate: 1x
Welcome Bonus: $300
1st Year Value: $1,025

Pros

First Year Annual Fee Rebate
Welcome bonus of $300
4x on groceries
Estimated 1st-year value of $1,025

Cons

Fewer premium perks

Best for: 1st Yr Fee Rebate

TD Cash Back Visa Infinite Card

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TD Cash Back Visa Infinite Card

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4.3Ratesopedia rating

The TD Cash Back Visa Infinite Card offers a first year annual fee rebate (regular fee $139/yr). It comes with a welcome bonus of $350. You earn 3x on groceries and 1x at restaurants. Estimated first-year value is $918.

Best of Month1st Yr Fee Rebate

Annual Fee: $139 $0
Rewards rate: 1x
Welcome Bonus: $350
1st Year Value: $918

Pros

First Year Annual Fee Rebate
Welcome bonus of $350
3x on groceries
Estimated 1st-year value of $918

Cons

Requires good credit

Best for: 1st Yr Fee Rebate

CIBC Dividend Visa Infinite Card

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CIBC Dividend Visa Infinite Card

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4.3Ratesopedia rating

The CIBC Dividend Visa Infinite Card offers a first year annual fee rebate (regular fee $120/yr). It comes with a welcome bonus of $300. You earn 4x on groceries and 2x at restaurants. Estimated first-year value is $864.

Best of Month1st Yr Fee Rebate

Annual Fee: $120 $0
Rewards rate: 1x
Welcome Bonus: $300
1st Year Value: $864

Pros

First Year Annual Fee Rebate
Welcome bonus of $300
4x on groceries
2x at restaurants

Cons

Requires good credit

Best for: 1st Yr Fee Rebate

CIBC Dividend Platinum Visa Card

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CIBC Dividend Platinum Visa Card

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4.3Ratesopedia rating

The CIBC Dividend Platinum Visa Card offers a first year annual fee rebate (regular fee $99/yr). It comes with a welcome bonus of $300. You earn 3x on groceries and 2x at restaurants. Estimated first-year value is $780.

Best of Month1st Yr Fee Rebate

Annual Fee: $99 $0
Rewards rate: 1x
Welcome Bonus: $300
1st Year Value: $780

Pros

First Year Annual Fee Rebate
Welcome bonus of $300
3x on groceries
2x at restaurants

Cons

Requires good credit

Best for: Overall value

SimplyCash Preferred Card from American Express

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SimplyCash Preferred Card from American Express

Amex AmexCash Back

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4.2Ratesopedia rating

It comes with a welcome bonus of $250. You earn 4x on groceries and 2x at restaurants. Estimated first-year value is $745.

Best of Month

Annual Fee: $120
Rewards rate: 2x
Welcome Bonus: $250
1st Year Value: $745

Pros

Welcome bonus of $250
4x on groceries
2x at restaurants
Estimated 1st-year value of $745

Cons

Fewer premium perks

Best for: Overall value

Neo World Elite Mastercard

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Neo World Elite Mastercard

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3.7Ratesopedia rating

You earn 5x on groceries and 1x at restaurants. Estimated first-year value is $470.

Annual Fee: $125
Rewards rate: 1x
Welcome Bonus: —
1st Year Value: $470

Pros

5x on groceries
Estimated 1st-year value of $470

Cons

No welcome bonus
Requires good credit

Best for: 1st Yr Fee Rebate

Scotia Momentum Visa Card

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Scotia Momentum Visa Card

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3.8Ratesopedia rating

The Scotia Momentum Visa Card offers a first year annual fee rebate (regular fee $49/yr). You earn 2x on groceries and 1x at restaurants. Estimated first-year value is $449.

Best of Month1st Yr Fee Rebate

Annual Fee: $49 $0
Rewards rate: 1x
Welcome Bonus: —
1st Year Value: $449

Pros

First Year Annual Fee Rebate
2x on groceries
Estimated 1st-year value of $449

Cons

No welcome bonus
Requires good credit

Best for: No annual fee

SimplyCash Card from American Express

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SimplyCash Card from American Express

Amex AmexCash Back

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3.8Ratesopedia rating

The SimplyCash Card from American Express has no annual fee, making it risk-free to hold. It comes with a welcome bonus of $100. You earn 2x on groceries and 1.25x at restaurants. Estimated first-year value is $442.

Best of Month

Annual Fee: $0
Rewards rate: 1.25x
Welcome Bonus: $100
1st Year Value: $442

Pros

No annual fee
Welcome bonus of $100
2x on groceries
Estimated 1st-year value of $442

Cons

Fewer premium perks

Best for: No annual fee

BMO CashBack Business Mastercard

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BMO CashBack Business Mastercard

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3.8Ratesopedia rating

The BMO CashBack Business Mastercard has no annual fee, making it risk-free to hold. It comes with a welcome bonus of $125. You earn 0.75x on groceries and 0.75x at restaurants. Estimated first-year value is $427.

Best of Month

Annual Fee: $0
Rewards rate: 0.75x
Welcome Bonus: $125
1st Year Value: $427

Pros

No annual fee
Welcome bonus of $125
Estimated 1st-year value of $427

Cons

Modest reward rates

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Complete Guide

Best Cash Back Credit Cards in Canada

Compare the top cash back credit cards. Earn 1–5% back on groceries, gas, restaurants, and everyday purchases.

Cash back credit cards are the simplest way to earn rewards — you get a percentage of every purchase back as a statement credit or cheque. No points to track, no programs to learn, no blackout dates.

How Cash Back Works

Most cards offer tiered rates: higher cash back (2–5%) on specific categories like groceries and gas, and a base rate (0.5–1%) on everything else. Some cards offer a flat rate on all purchases, which is simpler but usually lower.

Who Should Get a Cash Back Card?

Cash back is ideal if you don't travel frequently, prefer simplicity, or want guaranteed value on every dollar spent. Unlike points that fluctuate in value, cash back is always worth exactly what it says.

63

Cards analyzed

Jun 2026

Last updated

100%

Independent

Methodology

Our team evaluates credit cards based on overall consumer value: rewards earning rates, annual fees, welcome bonuses, insurance coverage, and additional perks. Cards are ranked by estimated first-year value. We update our picks monthly.

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🔄Updated regularly

⚖️Unbiased review

🎯Transparent criteria

FAQ

Frequently Asked Questions

1What's the best cash back rate in Canada?

Some cards offer up to 5% on groceries (Amex Cobalt via points equivalent) or 4% on gas and groceries (Scotia Momentum Visa Infinite). Most no-fee cards offer 1–2%.

2Cash back or travel rewards — which is better?

Cash back is simpler and offers guaranteed value. Travel rewards can be worth 2–5x more per point when redeemed for flights, but require more effort to maximize.

3Are cash back cards free?

Many are. The BMO CashBack Mastercard and Tangerine Money-Back offer cash back with no annual fee. Premium cash back cards ($99–$120/yr) offer higher rates.

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