The best cashback credit cards in Canada earn 1–4% back on everyday spending — saving the average household $500–$1,200 per year. Here are the top picks for 2026.
Best Cashback Cards at a Glance
| Card | Annual Fee | Best Rate | Best For |
|---|---|---|---|
| Tangerine Money-Back | $0 | 2% (3 categories) | No-fee everyday |
| SimplyCash Card from Amex | $0 | 2% gas/grocery | No-fee simplicity |
| Scotiabank Momentum Visa Infinite | $120 | 4% grocery/recurring | Families, high spenders |
| BMO CashBack Mastercard | $0 | 3% grocery | Groceries on a budget |
| CIBC Dividend Visa Infinite | $99 | 4% grocery/gas | Premium cashback |
| President’s Choice Financial World Elite | $0 | 3% at Loblaws stores | PC Optimum users |
| Rogers World Elite Mastercard | $0 | 1.5% everywhere | Flat-rate, foreign purchases |
Best No-Fee Cashback Cards
| Card | Cashback Structure | Min. Income |
|---|---|---|
| Tangerine Money-Back | 2% on 3 chosen categories, 0.5% everything else | None |
| SimplyCash from Amex | 2% gas/grocery, 1.25% everything else | None |
| BMO CashBack Mastercard | 3% grocery, 1% everything else | None |
| PC Financial World Elite | 3% at Shoppers/Loblaws, 1% everywhere | $80,000 |
| Rogers World Elite | 1.5% everywhere, 3% foreign currency | $80,000 |
Best Premium Cashback Cards
| Card | Annual Fee | Top Categories | Break-Even Spend |
|---|---|---|---|
| Scotiabank Momentum Visa Infinite | $120 | 4% grocery/recurring, 2% gas/transit | $6,000/yr grocery |
| CIBC Dividend Visa Infinite | $99 | 4% grocery/gas, 2% dining/telecom | $5,000/yr grocery |
| BMO World Elite Mastercard | $150 | 3% travel/dining, 2% everything else | $15,000/yr spend |
How Much You’ll Earn
| Monthly Spending | No-Fee Card (avg 1.5%) | Premium Card (avg 2.5%) |
|---|---|---|
| $1,500/month | $270/year | $450/year |
| $3,000/month | $540/year | $900/year |
| $5,000/month | $900/year | $1,500/year |
Bottom Line
For most Canadians, a no-fee card earning 2%+ on key categories is the sweet spot — the Tangerine Money-Back and SimplyCash from Amex are hard to beat. Families spending $500+/month on groceries should consider a premium card like the Scotiabank Momentum to maximize the 4% grocery rate.
See our guide to best credit cards in Canada or how to build credit in Canada for more.
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