Figuring out what the best cash back credit cards in Canada should be an easy process right? You take a look at what’s the earn rate for each card and then you apply for it right? Well that’s one of the factors that would help you pick a card, but you also need to think about the additional benefits such as insurance or experiences that are offered before you put in an application. To help you narrow down your choices, I’ve compiled a list of the best cash back credit cards in Canada.

best cash back credit cards in Canada

Meridian Visa Infinite Cash Back card

  • $99 annual fee – first year free
  • Earn 4% cash back on gas and grocery purchases
  • Earn 2% cash back on pharmacy and utility bill payments
  • Earn 1% cash back on all other purchases
  • Mobile device insurance up to $1,000
  • Comprehensive travel insurance included
  • Purchase protection and extended warranty
  • Price protection

In my opinion, the Meridian Visa Infinite Cash Back card is the best cash back credit card in Canada. You get an incredible 4% cash back on gas and grocery purchases, 2% cash back on pharmacy and utility bill payments, and 1% on all other purchases. What really makes this card stand out is the insurance that’s included. The mobile device insurance covers devices up to $1,000 while the travel medical insurance is good up to 48 days per trip. You also get price protection which is not a common benefit. Read my Meridian Visa Infinite Cash Back card review now and find out why it’s one of the best Meridian credit cards.

Apply Now for the Meridian Visa Infinite Cash Back card


Scotia Momentum VISA Infinite card

  • $99 annual fee – first year free
  • 4% cash-back on gas station and grocery store purchases
  • 2% cash-back on drug store purchases and recurring bill payments
  • 1% cash-back on all other purchases
  • Comprehensive travel insurance
  • Purchase protection and extended warranty

The Scotia Momentum VISA Infinite card is identical to the Meridian Visa Infinite Cash Back card but you get less insurance. To be perfectly honest, there’s no real reason to apply for the Scotiabank card when you can get the Meridian card instead, but some people aren’t familiar with Meridian which is why they choose Scotiabank. You can read my full Scotia Momentum VISA Infinite card review to find out why it’s one of the best Scotiabank credit cards in Canada.

Apply Now for the Scotiabank Passport Visa Infinite card


Tangerine money-back card

  • No annual fee
  • 2% money-back on up to 3 categories
  • 0.5% cash-back on all other purchases
  • Automatic monthly redemption with no minimum balance required
  • Instantly pause your card
  • Adjust your credit limit online
  • Automatic pay my balance feature
  • Purchase assurance and extended warranty

What makes the Tangerine money-back card unique is that you have the option to select up to three categories where you can earn 2% cash back. No other credit card in Canada allows you to pick your categories so this card be extremely valuable depending on the categories you choose. What’s also nice is how the cash back rewards can be applied immediately to your statement or deposited directly into your Tangerine account. If you want to learn more about the Tangerine money-back card, you can read my review here.

Apply Now for the Tangerine Money-Back credit card


American Express SimplyCash Preferred card

  • $99 annual fee
  • 5% cash back on purchases for the first 6 months (up to $300)
  • 2% cash back on purchases after the first 6 months (no limit)
  • 1.99% interest rate on balance transfers for the first 6 months
  • Earn $200 cash back for approved referrals (up to $3,000)
  • Extensive insurance coverage

The American Express SimplyCash Preferred card consistently ranks as one the best cash back credit cards in Canada since you’ll earn 5% cash back on purchases for the first 6 months and then 2% cash back on all purchases after the promotional period ends. Although you don’t get a higher earn rate for specific categories, the higher base earn rate is appealing to many people. One other benefit of the American Express SimplyCash Preferred card is the $200 cash back bonus for approved referral. The American Express SimplyCash Preferred card also comes with additional benefits which you can read about in my review.

Apply now for the American Express SimplyCash Preferred Card


Rogers World Elite Mastercard

  • No annual fee
  • Earn 2% cash back on Rogers products and services
  • Earn 1.75% cash back on all other purchases made in Canadian dollars
  • Earn 4% cash back on purchases made in foreign currencies
  • Comprehensive travel insurance package for 10 days (3 days for those aged 65+)
  • Purchase Protection and Extended Warranty

Rounding out the list of the best cash back credit cards in Canada is the Rogers World Elite Mastercard. This card often gets overlooked but it has no annual fee, a 1.75% cash back rate on all purchases which makes this a really attractive card. In addition, you’ll earn 4% cash back on purchases made in foreign currencies which makes this card one of the best credit cards without foreign transaction fees in Canada.