17 Best Cash-Back Credit Cards in Canada for September 2023

• It’s rare for a credit card to offer 4% cash back on two major spending categories. It’s even rarer to set a $25,000 annual limit to that 4% — a $1,000 value — before reverting to the healthy 1% base rate.
• You can waive the $120 annual fee every single year by using the Scotiabank Ultimate Package.

• The cash back earned is hands-off. You have to wait until November, and then it’s only redeemable as a statement credit. If you have a Scotiabank account, that annual payout can be deposited into your bank account.
• The 4% rate won’t mean much to you if you don’t buy a lot of groceries or often buy your food at somewhere that Visa doesn’t classify as a grocery store or supermarket, such as Canadian Tire, FreshCo, London Drugs, Walmart and No Frills.

• SPECIAL OFFER: Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). No annual fee in the first year, including on supplementary cards. Offer ends October 31, 2023.
• Earn 4% for every $1 you spend on grocery store purchases, recurring bill payments, and subscription purchases.
• Earn 2% for every $1 you spend on gas purchases and daily transit purchases.
• Earn 1% cash back on all other purchases with no cash back limit.
• Redeem cash back as a statement credit in November.
• Visa Infinite benefits, including Visa Infinite* Concierge, Visa Infinite* Luxury Hotel Collection, Visa Infinite* Dining Series, and entertainment and lifestyle offers.
• Save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S.
• Access to Scotia SelectPay™.
• To be eligible, $60,000 (individual) or $100,000 (household) annual income is required, or $250,000 minimum assets under management. Also, you must have a Canadian credit file and be a Canadian resident that is the age of majority in the province or territory where you live.
• Terms and Conditions Apply. Click ‘Apply Now’ for complete details.

• A small $50 minimum deposit makes this card accessible to consumers of all budgets.
• Earn up to 15% cash back on purchases with select Neo partners.

• Interest rates could be as high as 29.99% for some users.

• Earn a 0.5% cash back guarantee, an average of 5% unlimited cash back at thousands of Neo partners, and up to 15% cash back on your first purchase at participating partners.
• No annual fee for the Standard rewards plan.
• $50 minimum security fund deposit required.
• $10,000 maximum security fund deposit.
• To apply, visit member.neofinancial.com and create an account. Select “Credit”, pick either the Neo Credit or the Hudson’s Bay Mastercard, and then choose “Secured Card” as the type of credit you are looking for.
• Hard credit checks are not made on applications.
• Guaranteed approval, as long as you meet eligibility requirements.
• Ability to upgrade to an unsecured rewards credit card.
• Link your account to a Neo Money™ account and earn 2.25% interest on savings.
• Purchase rates range from 19.99%-29.99%. The standard rate on purchases and cash advances is dependent on Neo Financial’s assessment of your credit application, credit profile, and your province.
• To be eligible, you must be able to provide security funds and be a Canadian resident of the age of majority in the province or territory where you live.
• Customers can get up to 4% cashback on all purchases at Shell gas stations and convenience locations when they use their Neo Credit, Neo Secured Credit or Neo Money™ card. Earn 2% cashback at the pump or convenience store locations. Earn 4% cashback on transactions made through the Shell App. Offer available in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario. Boost these offers by 50% when you add Everyday Essentials perks to your card.

Whether you’re looking to build credit from scratch or rebuild credit after a bad setback, a secured credit card can be an invaluable tool. See our selections for the best secured credit cards in Canada to find options that will help you strengthen your credit.

• Fantastic welcome offer with a $500 value.
• Up to $2 million of Travel Medical Insurance coverage for the first 10 days of your trip (four days if you or your spouse are over the age of 65).

• A $139 annual fee often comes with more perks and insurance. However, you can waive this cost every year if you’re a TD member with an All-Inclusive Chequing Account holding a minimum balance of $5,000.
• The accelerated earn rate of 3% cash back is limited to $15,000 annual spend across all categories. After that, you’ll earn a flat rate of 1% cash back on all purchases.

• Earn up to $500 in value†, including 10% in Cash Back Dollars in the first 3 months on Bonus Eligible Purchases up to a total spend of $3,500†. Conditions apply. Account must be approved by March 4, 2024.
• To receive the first-year annual fee rebate, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening and you must add your Additional Cardholders by March 5, 2024.
• Earn 3% in Cash Back Dollars on eligible grocery Purchases and gas Purchases†, and on regularly recurring bill payments† set up on your account.
• Earn 1% Cash Back Dollars on all other Purchases made with your Card.†
• Redeem your Cash Back Dollars to help pay down your Account balance whenever you please – the choice is yours!†
• Your Cash Back Dollars never expire as long as your account is open and in good standing.
• Interest Rates: 20.99% on purchases and 22.99% on cash advances.
• Travel Medical Insurance† – Up to $2 million of coverage for the first 10 days. If you or your spouse is aged 65 or older, you are covered for the first 4 days of your trip. Additional top-up coverage is available.
• Delayed and Lost Baggage Insurance† – Up to $1,000 overall coverage per insured person toward the purchase of essentials such as clothes and toiletries if your baggage is delayed more than 6 hours or lost.
• Emergency Travel Assistance Services† – Help is just a call away. Toll-free access to help in the event of a personal emergency while travelling.
• Complimentary Visa Infinite* Concierge†: On call, 24 hours a day, seven days a week, to help you get the most from life whenever you travel, shop and use your Card.
• Emergency Road Services with Deluxe TD Auto Club Membership† is included with the product.
• To be eligible, $60,000 (individual) or $100,000 (household) annual income is required. Also, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.
• †Terms and conditions apply.
• This offer is not available for residents of Quebec.
• The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please click the Apply Now button.

• Score generous cash-back rates for popular spending categories: 5% on groceries, 4% on transit, 3% on gas, 2% on recurring bills, and 1% on everything else.
• Feel protected with 13 types of insurance and fantastic travel benefits.

• Spending categories come with easily-hit spending caps, but the 1% base rate still earns you value once you hit your monthly bonus rate limits.
• The $120 annual fee is pretty steep. While we think you’ll more than make up for it through cash back savings, the no-fee BMO CashBack® Mastercard®* is a great alternative.

• Welcome offer: Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first year.*
• Earn more cash back on the categories that mean the most: 5% on groceries.* 4% on transit including ride sharing, taxis and public transportation.* 3% on gas and electric vehicle charging.* 2% on recurring bill payments like your monthly phone bill or favourite streaming service.* 1% unlimited cashback on all other purchases.*
• Get the highest cash back earn rate on groceries in Canada.†
• Get valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services.
• Extended Warranty Plus.*
• Purchase Protection Plus.*
• Complimentary membership in Mastercard Airport Experiences provided by LoungeKey.*
• Access over 1 million Wi-Fi hotspots around the world – all at no added cost, and no added fees or roaming charges.*
• Complimentary Roadside Assistance Program.*
• BMO CashBack World Elite Travel and Medical Protection.*
• BMO Concierge Service.*
• Unlock Mastercard Travel Rewards cashback offers when you travel and shop outside of Canada.
• *Terms and conditions apply.
• †Statement based on a comparison of the non-promotional grocery rewards earn rate on Canadian cash back credit cards as of January 4, 2023.
• BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.

No single rewards card is right for everyone. It’s all about how you spend money and what kind of rewards you value. See our choices for the best rewards credit cards in Canada to select the best option for you.

• No annual fees.
• Earn instant unlimited cashback at thousands of partners that you can save for later or use immediately.
• Access exclusive welcome bonuses, like up to 15% cashback on first-time purchases.
• Earn an average of 5% cashback at 10,000+ partners across the country.
• Pay with Neo Credit to earn cashback. Then split the bill in the app to send multiple Interac e-Transfer® requests instantly. The payments will be directly deposited into your Neo Money™ account.
• Cash out the cashback you’ve earned with Neo Credit to a Neo Money™ account to take advantage of one of the highest everyday interest rates.
• Customers can get up to 4% cashback on all purchases at Shell gas stations and convenience locations when they use their Neo Credit, Neo Secured Credit or Neo Money™ card. Earn 2% cashback at the pump or convenience store locations. Earn 4% cashback on transactions made through the Shell App. Offer available in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario. Boost these offers by 50% when you add Everyday Essentials perks to your card.

• You can tailor the 2% rewards to your spending by choosing up to three categories from Tangerine’s list of 10, which includes basics like gas and groceries as well as unusual picks like furniture and home improvement.
• Transfer balances within your first 30 days and pay only 1.95% interest on the transferred balance for the first six months (19.95% after that).

• 2% cash back is a competitive rate, but many cards offer double the rewards on specific categories.
• Tangerine is a virtual bank with no physical bank branches.

• 2% on two categories of your choice: grocery, furniture, restaurants, hotel-motel, gas, recurring bill payments, drug store, home improvement, entertainment, or public transportation and parking.
• Get a third cash-back category by choosing to have your rewards deposited into a Tangerine Savings Account.
• 0.50% on everything else.
• Redeem cash back monthly as a statement credit or deposited into a Tangerine Savings Account.
• No annual fee.
• Transfer balances within your first 30 days and pay only 1.95% interest on the transferred balance for the first six months (19.95% after that). 1% balance transfer fee applies to the amount transferred.
• Get free cards for any authorized users on your account.
• It only includes purchase assurance and extended protection insurance. For more insurance, consider the Tangerine World Mastercard which requires a minimum personal income of $60,000. If you meet this requirement, you will automatically be considered for the World card if you apply for the Money-Back card.
• Preferred rates: 19.95% for purchases and cash advances.
• To be eligible, a $12,000 (individual) annual income is required. Also, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.

• Attractive introductory offer, especially if you’re interested in a balance transfer.
• No minimum threshold for redeeming your cash-back rewards. Redeem as little as $1 if you want.

• Accelerated earn rates for groceries and recurring bills are capped at $500 per billing cycle, a ceiling that might be easy to hit if you have a family or higher monthly balances.
• Offers fewer travel perks and types of insurance than some other cards.

• Welcome offer: Get 5% cash back in your first 3 months.*
• Then get 3% cash back on grocery purchases, 1% cash back on recurring bill payments and 0.5% unlimited cash back on all other purchases!*
• Now earn the highest cash back on groceries in Canada without paying an annual fee!†
• Get a 0.99% introductory interest rate on Balance Transfers for 9 months, 2% fee applies to balance amounts transferred.*
• No Annual fee.*
• Want to get your cash back ASAP? Now you can redeem your cash back anytime through direct deposit, as a credit on your statement or into your BMO InvestorLine account.*
• Extended Warranty.*
• Purchase Protection.*
• Receive a discount on car rentals.*
• *Terms and conditions apply.
• †Statement based on a comparison of the non-promotional grocery rewards earn rate on Canadian cash back credit cards as of January 4, 2023.
• BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.

• Mobile device insurance.
• Earn cash back on all purchases.

• You can only earn accelerated cash back rewards for up to $6,000 in online purchases annually.

• Earn an additional 10% cashback* on up to $1,000 in purchases for the first 60 days! Must apply by September 29, 2023. Conditions apply.
• For the first 60 days, earn up to: 11.5% cash back on eligible online purchases, 11% cash back on eligible gas, grocery and drugstore, 10.5% cash back on all other everyday purchases.
• Ongoing cash back earnings as follows after the first 60 days:
• 1.5% cash back on up to $6,000 of your online purchases (including streaming services, online subscriptions and food delivery).
• 1% cash back on your gas, grocery and drugstore purchases.
• 0.5% cash back on (almost) everything else you buy with your card.
• Redeem sooner – You only need to reach $25 in cash back to redeem.
• Redeem when you want – Redeem for cash back as a statement credit online. See how easy it is at rewards.hsbc.ca.
• Redeem to pay down or save up – Use your cash back for a credit towards your residential mortgage account, or credit card, or to top up your savings account.
• Primary cardholder annual fee: $0
• Annual Interest on Purchases: 20.99%.
• Authorized User Annual Fee: $0 Per Card.
• *Terms and Conditions Apply.
• ®/TM Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Used pursuant to license.

• No annual fee.
• Rewarding intro offer.
• Automatic rebates through the Mastercard Easy Savings program.

• If you don’t frequent Shell gas stations you’ll miss out on the most savings.

• Welcome Offer: Get 10% cash back on gas, office supplies and cell phone/internet bills for 3 months.*
• 0.00% introductory interest rate on Balance Transfers for 9 months with a 3% transfer fee.*
• Get 1.5% cash back on eligible gas stations, office supplies purchases and on your cell phone and internet recurring payments.*
• Get 1.75% cash back on purchases at Shell®†† gas stations.
• 0.75% cash back on all other card purchases.*
• 25 payment grace days.*
• Optional Employee Cards – empower employees with delegated purchasing authority.*
• Use your card at Costco locations across Canada.*
• Liability Waiver Program protects your business against employee card abuse.*
• Get cash advances at any BMO Bank of Montreal branch or at more than 1 million ATMs worldwide.*
• Worldwide Acceptance.
• *Terms and conditions apply.
• BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.

From flat-rate rewards on office expenses to credit cards boasting low-interest rates, see our choices for Canada’s best business credit cards.

• Earn flexible and easy-to-redeem cash rewards on everyday purchases.
• There’s no minimum threshold for redeeming your cash-back rewards. Redeem as little as $1 if you want.

• Accelerated earn rates for groceries and recurring bills are capped at $500 per billing cycle.
• Insurance is limited to extended warranty and purchase protection.

• Welcome offer: Get 5% cash back in your first 3 months.*
• Then get 3% cash back on grocery purchases, 1% cash back on recurring bill payments and 0.5% unlimited cash back on all other purchases!*
• Now earn the highest cash back on groceries in Canada without paying an annual fee!†
• Get cash back every time you spend, plus start building a healthy credit history.
• Want to get your cash back ASAP? Now you can redeem your cash back anytime through direct deposit, as a credit on your statement or into your BMO InvestorLine account.*
• No Annual fee.*
• Extended Warranty.*
• Purchase Protection.*
• Receive a discount on car rentals.*
• *Terms and conditions apply.
• †Statement based on a comparison of the non-promotional grocery rewards earn rate on Canadian cash back credit cards as of January 4, 2023.
• BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.

Finding a student credit card with the right combination of features for your lifestyle can be daunting, especially if it’s your first time choosing a card. Compare our picks for the best student credit cards in Canada to find the best choice for you.

• An easy-to-understand rewards structure.
• Cardholders enjoy exclusive access, special offers and events, and more through American Express Experiences and Front of the Line Reserved tickets and presales.

• The accelerated 2% earn rate won’t earn you more than $300 in cash back annually.

• In your first 10 months as a new SimplyCash® Card from American Express Cardmember, you can earn a $10 statement credit for each monthly billing period in which you spend $300 in purchases on your Card. This could add up to $100 in statement credits in the first 10 months.
• Earn accelerated earn rates on eligible gas and grocery purchases.
• Earn 2% cash back on eligible gas purchases in Canada, 2% cash back on eligible grocery purchases in Canada (up to $300 cash back annually), and 1.25% cash back on all other eligible purchases.
• Access events and special offers curated for Cardmembers with American Express® Experiences.
• Insurance coverage and 24/7 Customer Service.
• American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.

• Straightforward cash back rewards.
• 24/7 KOHO customer support.

• Not a traditional credit card, so you can’t borrow money — you can only use funds already in your account.

• Earn up to 2% cash back, with KOHO Premium on dining and eating out — even when travelling abroad.
• Earn even more cash back with KOHO’s brand partners, including 4% with Altitude Sports, 5% with Contiki and 6% with Booking.com.
• No annual fee.
• 1.5% foreign transaction fee (or no foreign transaction fees with KOHO Premium).
• Mastercard’s Zero Liability Policy.
• A 24/7 support team at your fingertips.
• Low to zero FX fees.
• Use the KOHO app to earn interest on your savings.
• Start building your credit history with KOHO Credit Building for $10 per month.
• To be eligible, you must be a Canadian resident of the age of majority in the province or territory where you live.

A prepaid credit card, more accurately known as a “prepaid card, ” can be a budgeting tool or an easy way to make convenient online or in-store purchases. Many of our choices for the best prepaid cards in Canada even earn rewards.

• New cardmembers can earn a 9.99% introductory annual interest on purchases for the first six months.

• The 0.5% base rate isn’t exactly impressive, but it only applies after you hit the annual spending limits of bonus categories.
• It only includes purchase security and extended protection insurance.

• 4% on restaurant, bar and coffee shops, up to $5,000 per year.
• 1.5% on gas, groceries, drugstores and pre-authorized payments, up to $15,000 per year.
• 0.5% on everything else.
• Plus, for your first 3 months, enjoy 20% bonus cash back on eligible gas, groceries, drugstore purchases and pre-authorized payments (up to $500 spend).
• Redeem cash back as a statement credit in December.
• No annual fee.
• Cash back when you send money abroad with a Simplii Financial Global Money Transfer. No transaction fees and no interest charges.
• Purchase security and extended protection insurance provided.
• Preferred rates: 19.99% for purchases, 22.99% for cash advances.
• To be eligible, a $15,000 (individual) annual income is required. Also, you must have a Canadian credit file and be a Canadian resident (excluding Quebec) that is the age of majority in the province or territory where you live.

• Low annual fee ($39).
• Add up to nine authorized users for free.

• High cash advance rate.
• Minimal insurance coverage.

• 2% back on gas and groceries, 1% back on everything else.
• Nine free additional cards.
• Low annual fee ($39).
• 10% off base car rental rates at Avis and Budget.
• Rental car insurance.
• MBNA payment plans for large purchases (6-, 12- and 18-month terms available).
• Purchase protection and extended warranty.
• Preferred rates: 19.99% for purchases, 24.99% for cash advances.
• o be eligible, $60,000 (individual) or $100,000 (household) annual income is required.

• Flexible and easy redemption. You can redeem cash back anytime through CIBC Online and Mobile Banking.
• Generous cash back rates on five popular spending categories.

• You’ll only earn 1% cash back after spending $80,000 across bonus categories. Most credit cards have specific limits for each category, but the CIBC Dividend Visa Infinite collectively caps all bonus rates with an $80,000 limit.
• Insurance offerings are limited compared to what you might expect from a card with a $120 annual fee. However, you can avoid this cost every single year with a CIBC Smart Plus™ Account.

• 4% on groceries, gas, and electric vehicle charging, and 2% on transportation, dining and recurring payments. Accelerated rates apply to the first $80,000 spent per year.
• 1% on everything else, and after spending $80,000.
• 0.25% cash back for every $1 spent on a CIBC Global Money Transfer, with no foreign transaction fees.
• Redeem a minimum of $25 cash back at any time through CIBC Online and Mobile Banking.
• $120 annual fee.
• Visa Infinite benefits, including Visa Infinite Concierge, Visa Infinite Luxury Hotel Collection, Visa Infinite Dining Series, and entertainment and lifestyle offers.
• Save up to 10 cents per litre at Chevron, Ultramar and Pioneer gas stations when you link your card with Journie Rewards.
• Access to CIBC Pace It.
• Five types of insurance provided, including 10-day out-of-province/out-of-country emergency medical benefits — up to $5 million in coverage.
• Preferred rates: 20.99% for purchases, 22.99% for cash advances.
• To be eligible, $60,000 (individual) or $100,000 (household) annual income is required. Also, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.

• The card includes 11 different types of insurance, including $5,000,000 in emergency health care coverage for up to 48 days for up to ages 75. It even comes with Intergenerational Insurance Coverage, which covers grandchildren travelling with grandparents.
• Price protection insurance for 60 days.

• There’s no welcome bonus for additional cash back.
• Accelerated bonus rates are limited to a $25,000 annual spend.

• 4% on gas and groceries, up to $25,000 per year.
• 2% on pharmacy purchases and utility bill payments, up to $25,000 per year.
• 1% on everything else.
• Redeem cashback for statement credits, gift cards, merchandise and event tickets.
• $99 annual fee.
• Visa Infinite benefits, including Visa Infinite Concierge, Visa Infinite Luxury Hotel Collection, Visa Infinite Dining Series, and Canada’s Visa Infinite Wine Country Program.
• 11 types of insurance provided, including 48-day emergency medical benefits — up to $5 million in coverage.
• Intergenerational Insurance Coverage extends specific insurances to grandchildren travelling with grandparents.
• Preferred rates: 19.50% for purchases, 21.99% for cash advances.
• To be eligible, $60,000 (individual) or $100,000 (household) annual income is required. Also, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.

• No annual fee.
• Apply rewards to eligible Amazon.ca purchases.

• Amazon Prime membership required for higher earn rate.

• Welcome offer: Get 5% back at Amazon.ca, Whole Foods Market stores, grocery stores, and restaurants for 6 months after approval, on first $3,000 in eligible purchases.
• Earn rewards on eligible purchases at Amazon.ca — including Whole Foods Market stores in Canada.
• After the welcome offer ends, eligible Prime members get 2.5% back on eligible purchases at Amazon.ca and Whole Foods Market stores.
• Eligible Prime members always get 2.5% back on eligible foreign currency transactions to help cover foreign transaction fees.
• After the welcome offer ends, non-Prime members get 1.5% back on eligible purchases at Amazon.ca and Whole Foods Market stores. Always get 1% back on eligible foreign currency transactions to help cover foreign transaction fees.
• Receive 1% back on eligible purchases everywhere else Mastercard is accepted.
• Rewards can be redeemed at Amazon.ca and applied directly to eligible Amazon.ca items.
• No annual credit card fee.
• The MBNA Payment Plan can make it more convenient to pay for large purchases and manage a budget. Pay for eligible credit card purchases of $100 or over by making monthly payments. Choose from three Payment Plan terms: 6, 12 or 18 months. Conditions and fees apply.
• Preferred rates: 19.99% for purchases, 22.99% for cash advances.
• To be eligible, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.