2025's Best Cash Back Credit Cards for Canadians
Earn guaranteed cash back when you make everyday purchases with a cash back rewards credit card.
CashSurge
CashSurge increases the value of credit cards by introducing an additional cash bonus. We'll pay you up to $150 every time you are approved for a CashSurge credit card.

What is a cash back credit card?
A cash back credit card is a rewards credit card that allows you to earn a small percentage (usually around 1-4%) of your purchase back in cash, helping you save money on everyday purchases. Cash back rewards can be based on a flat-rate, bonus, or flexible bonus structure. Each structure has its own benefits.
Most cash back cards allow you redeem your cash reward as either a deposit into your bank account or a statement credit that reduces how much you owe on your credit card statement. Start saving money by finding the best cash back credit card today.
Best Credit Cards for 2025: Best Cash Back Credit Card
First year value* | Credit score required | Winner | |
---|---|---|---|
$832 | Excellent | CIBC Dividend® Visa Infinite* | |
$480 | Excellent | Rogers Red World Elite® Mastercard® |
*The RATESDOTCA Best of Finance methodology assumes the cardholder spends an average of $2,000 a month on their card to determine the first-year value. The calculation includes all welcome bonuses and promotional offers at the time of publishing.
Best Overall Cash Back Credit Card
It’s all right there in the name. Cash back credit cards allow cardholders to earn a small percentage of each purchase back in rewards. We compared the top cash back credit cards using our Best of Finance methodology and ranked the cards that provided the highest first-year value.
To determine our winners, our team has analyzed 80 credit cards using more than 100 data points over several weeks.
First year value* | Credit score required | Top features | |
---|---|---|---|
WINNER |
$832 | Excellent | Generous cash back earns in key spending categories (4% on gas and groceries, 2% on recurring bills, transportation, and dining, 1% on everything else). Great base travel insurance. |
Runner up |
$790 | Good | Earn 4% cash back on gas and groceries, and 2% cash back on all other purchases. |
Runner up |
$795 | Excellent | The highest cash back earn rate on groceries in Canada at 5%. |
Winner: CIBC Dividend® Visa Infinite*
The CIBC Dividend® Visa Infinite* card is all about rewarding you with cash back. For the first four statements, you can earn 10% cash back on all your purchases, up to $2,000 in spending. That’s up to $200 in your pocket just for using your card. Plus, the card comes with a $250 welcome bonus, making the first year’s value go even further—up to $832 if you spend $2,000 per month.
After the initial promotion, the ongoing cash back rates keep accumulating. You’ll earn 4% on gas, EV charging, and groceries, 2% on transport, dining, and recurring bills, and 1% on all other purchases. Redeeming your cash back is simple. Once your balance hits $25, you can apply it as a statement credit whenever you want.
The fee is rebated after the first year (a savings of $120) and up to three additional cards can have their first-year fees rebated as well. Whether you're fueling up, dining out, or stocking your fridge, the CIBC Dividend® Visa Infinite* helps you maximize your cash back while keeping things flexible and rewarding. A card designed to fit your lifestyle.

Credit score requirement for approval: Excellent (740+)
Annual fee: $120 (first year rebated)
Annual fee for additional cardholders: $30
Limited time offer/bonus: Get a first-year annual fee rebate and earn a 10% cash back welcome bonus of up to $250 (first 4 statements). After that, get 4% cash back on eligible gas and grocery purchases.
Offer expiry date: Ongoing Offer
Rewards:
4% cash back on eligible:
- Gas and EV charging
- Grocery
2% cash back on eligible
- Transportation
- Dining Purchases
- Recurring payments
Earn 1% cashback on:
- All other purchases
Earning potential: $832 the first year, $462 in following years
Insurance:
- Purchase Protection - 90 days
- Extended Warranty - 1 year
- Emergency Medical - 10 days
- Common Carrier Accident - $500,000
- Rental Car Collision and Loss Damage Insurance
- Mobile Device - $1,000
Other perks:
- Save on gas with CIBC and Journie Rewards:
- Link and use your CIBC Dividend® Visa Infinite* Card with Journie Rewards to save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.
Runners-up: Best Overall Cash Back Credit Card
SimplyCash® Card from American Express
The SimplyCash® Card from American Express offers 4% cash back on gas and grocery purchases. You earn 2% cash back on all other purchases.
The program is simple, and that's what makes it great. According to our Best of Finance methodology, you could potentially earn $790 in rewards annually with the SimplyCash® Card.
The card includes access to a decent travel insurance package and AMEX's well-known entertainment perks. You can earn more cash by way of Amex's friend referral bonus.
Annual fee: $120
Limited time offer/bonus: Earn a bonus of 10% cash back on all purchases for your first 3 months (up to $2,000 in purchases). Plus, earn a $50 statement credit when you make a purchase in month 13. This could add up to $250 in bonus value in your first 13 months
Offer expiry date: Ongoing Offer
Rewards: 4% cash back on eligible gas station and grocery store purchases in Canada (up to $1,200 cash back annually). 2% cash back on all purchases (after first 4 months)
BMO CashBack World Elite* Mastercard*
The BMO CashBack World Elite* Mastercard* allows you to earn 5% cash back on groceries, 4% on transit, and 3% on gas. The cash-back rewards and welcome bonus can help you secure $745 in the first year of card ownership, according to our Best of Finance methodology.
Additional benefits include complimentary roadside assistance, discounts at select car rental companies, and travel and medical insurance.
Annual fee
$120
Limited time offer/bonus
Get up to 10% cash back in your first three months and the $120 annual fee waived in the first year*.
Offer expiry date: Ongoing offer.
Rewards
With this card, you can earn the following:
- 5% cash back on groceries
- 4% cash back on transit
- 3% cash back spent on gas
- 2% cash back on recurring bills
- 1% cash back on other eligible purchases
Best No-Fee Cash Back Credit Card
Just because a card doesn’t charge an annual fee doesn’t mean it skimps on rewards. Many no-fee credit cards offer hundreds of dollars in cash back for making everyday purchases and feature additional benefits like shopping coverage or exclusive offers.
We compared the top no-fee cash back credit cards using our Best of Finance methodology and ranked the cards that provided the highest first-year value.
First year value* | Credit score required | Top features | |
---|---|---|---|
WINNER |
$480 | Excellent | Rogers, Fido and Shaw customers can earn 2% cash back. A 3% cashback value when redeeming points on Rogers, Fido, and Shaw purchases. |
Runner up |
$468 | Good | Earn 2% cash back on gas and grocery purchases. |
Runner up |
$425 | Fair | Up to 4% cash back on eligible restaurant, bar, and coffee shop purchases. |
Winner: Rogers Red World Elite® Mastercard®
The Rogers Red World Elite® Mastercard® offers excellent cash back benefits, especially for Rogers, Fido, or Shaw customers. If you’re one of these customers, you can still earn up to $480 annually if you maintain a $2,000 monthly balance. You’ll earn 2% cash back on all eligible purchases, and when you use your cash back rewards to pay for Rogers, Fido, or Shaw purchases, you’ll get 1.5x more value, letting you maximize your rewards.
For those who frequently pay in U.S. dollars—whether it’s traveling or shopping online—the card gives you 3% cash back on U.S. purchases. Even if you’re not a customer of Rogers, Fido, or Shaw, you can still earn unlimited 1.5% cash back on eligible non-U.S. dollar purchases. These features give all cardholders rewarding ways to save on daily spending.
According to our Best of Finance methodology, the average Canadian will have $480 within the first year.

Annual fee
$0
Welcome bonus
N/A
Rewards
Rogers, Fido and Shaw customers:
- Earn 2% cash back on eligible purchases
- 1.5x redemption bonus on Rogers, Fido and Shaw purchases
- U.S. dollar purchases
If you are not a Rogers customer:
- Earn 1.5% cash back on all eligible purchases
Earning potential
How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.
Rewards earned over a 12-month period + Cash bonus + Welcome bonus = $480 + $0 = $480
Benefits
- Complimentary membership to Mastercard Travel Pass provided by DragonPass
- Access to over 1,300 airport lounges worldwide
- Admission is USD $32 per person visit
Insurance coverage
- Purchase Protection - 90 days
- Extended Warranty - 1 Year
- Emergency Medical Term - 10 days
- Trip Cancellation - $1,000
- Trip Interruption - $1,000
- Rental Car Theft and Damage
Runners-up: Best No-Fee Cash Back Credit Card
Simplii Financial™ Cash Back Visa* Card
The Simplii Financial™ Cash Back Visa* Card is a great fit for people who love dining out and want to avoid paying an annual fee. You can earn up to 4% cash back at eligible restaurants and bars, which is the card’s top earn rate. It also offers 1.5% cash back on gas, groceries, and pre-authorized payments, helping you save on everyday expenses. For any other purchases, you’ll earn 0.5% cash back. It’s a simple and rewarding way to get more value from your spending without any added costs.
Annual fee
$0
Limited time offer/bonus
Earn up to 10% cash back† for your first 3 months up to $1,000 eligible spend
Offer expiry date:
Ongoing
Rewards:
- Up to 4% cash back on eligible restaurant, bar and coffee shop purchases
- Up to 1.5% cash back on eligible gas, grocery, and drugstore purchases and pre-authorized payments
- 0.5% cash back on all other purchases
SimplyCash® Card from American Express
Cardholders of the SimplyCash® Card from American Express earn 1.25% on all purchases, with no limit on how much cash back you can earn. As with all Amex cards, you get solid insurance and entertainment perks.
According to our Best of Finance methodology, the average Canadian would earn around $468 cash back in the first year and $368 a year thereafter.
Annual fee
$0
Annual fee for additional cardholders: $0
Limited time offer/bonus
- In your first 3 months as a new SimplyCash® Card from American Express Cardmember, you can earn a bonus 5% cash back on all purchases (up to $2,000 in purchases). That’s on top of your everyday cash back earn rates. That’s up to $100 in bonus cash back.
Offer expiry date: N/A - subject to change without notice
Rewards
- Earn 2% cash back on gas and groceries, with no limit to how much cash back you can earn.