Best Cash Back Credit Cards in Canada

Best Cards 1st Yr Free Cash Back Travel Groceries Gas & EV Business Low Interest

Best for: Cash back

Scotia Cash Back

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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 $1,044.

First-Year Annual Fee Rebate

Annual Fee: $120 $0
Rewards rate: 1x
Welcome Bonus: Up to $300
1st Year Value: $1,044

Pros

First Year Annual Fee Rebate
Welcome bonus of $300
4x on groceries
Estimated 1st-year value of $1,044

Cons

Requires good credit

Best for: Cash back

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BMO CashBack® World Elite® Mastercard®

BMO Cash Back

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The BMO CashBack® World Elite® Mastercard® offers a first year annual fee rebate (regular fee $139/yr). It comes with a welcome bonus of $650. You earn 5x on groceries and 1x at restaurants. Estimated first-year value is $1,242.

First-Year Annual Fee Rebate

Annual Fee: $139 $0
Rewards rate: 1x
Welcome Bonus: Up to $650
1st Year Value: $1,242

Pros

First Year Annual Fee Rebate
Welcome bonus of $650
5x on groceries
Estimated 1st-year value of $1,242

Cons

Requires good credit

Best for: Cash back

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CIBC Dividend® Visa Infinite Card

CIBC Cash Back

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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 $1,002.

First-Year Annual Fee Rebate

Annual Fee: $120 $0
Rewards rate: 1x
Welcome Bonus: Up to $300
1st Year Value: $1,002

Pros

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

Cons

Requires good credit

Best for: Cash back

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TD Cash Back Visa Infinite Card

TD Cash Back

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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 $974.

First-Year Annual Fee Rebate

Annual Fee: $139 $0
Rewards rate: 1x
Welcome Bonus: Up to $350
1st Year Value: $974

Pros

First Year Annual Fee Rebate
Welcome bonus of $350
3x on groceries
Estimated 1st-year value of $974

Cons

Requires good credit

Best for: No annual fee

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PC® World Elite® Mastercard®

PC Financial PC Optimum

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The PC® World Elite® Mastercard® has no annual fee, making it risk-free to hold. It comes with a welcome bonus of 20,000 points. You earn 30x on groceries and 10x at restaurants. Estimated first-year value is $509.

Annual Fee: $0
Rewards rate: 10x
Welcome Bonus: 20,000 points
1st Year Value: $509