Best Best Cashback Cards in Canada – 2025
Maximize your savings with high cashback earn rates on everyday purchases like groceries, gas, and more.
Top 3 Best Cashback Cards
Neo
Neo Mastercard
President's Choice Bank
PC World Elite Mastercard
Compare All Best Cashback Cards
| Card | Annual Fee | Welcome Bonus | Reward Type | FX Fee | Action |
|---|---|---|---|---|---|
| Neo Neo Mastercard | $0 |
$200 estimated value | cashback | 0% | Apply |
| President's Choice Bank PC World Elite Mastercard | $0 |
$20 estimated value | points | 2.5% | Apply |
| CIBC CIBC Dividend Visa Infinite Card | $120 |
$470 estimated value | cashback | 2.5% | Apply |
| Scotiabank Scotia Momentum Visa Infinite Card | $120 |
$370 estimated value | cashback | 2.5% | Apply |
| American Express Canada American Express Cobalt Card | $192 |
$375 estimated value | points | 2.5% | Apply |
| BMO BMO CashBack World Elite Mastercard | $120 |
$120 estimated value | cashback | 2.5% | Apply |
| TD TD Cash Back Visa Infinite Card | $139 |
$200 estimated value | cashback | 2.5% | Apply |
| Neo Financial Neo World Elite Mastercard | $125 | — | cashback | 2.5% | Apply |
| Tangerine Bank Tangerine Money-Back Credit Card | $0 |
$250 estimated value | cashback | 2.5% | Apply |
| RBC RBC Cash Back Mastercard | $0 | — | cashback | 2.5% | Apply |
How We Rank Best Cashback Cards
Our ranking algorithm evaluates cards based on multiple factors to help you find the best option:
- Welcome Bonus Value (35%): Cards with higher welcome bonuses rank higher
- Earn Rates (45%): Higher rewards in key spending categories improve rankings
- Annual Fee (15%): Lower fees result in better scores, balancing value with cost
- Foreign Transaction Fees (5%): Cards with no FX fees score higher for international use
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