Credit cards come with all sorts of rewards programs, whether you are earning airline loyalty points, hotel loyalty points, or bank-issued rewards points. Needless to say, there are options to suit everyone when it comes to earning rewards points.
Cash back credit cards are one option that is often chosen by many Canadians as a result of their simple earning and redeeming nature. Everyone can understand how cash back credit cards work, and for many, getting extra cash back instead of miles and points is far more attractive.
However, even for the most grizzled miles and points enthusiasts, cash back credit cards can find a purpose in their wallets for some niche uses or as a consistent daily driver. With that in mind, let’s take a look at the best cash back credit cards in Canada for June 2026.
Best Cash Back Credit Cards in Canada With Annual Fees
4% Cash Back on Popular Categories: Scotia Momentum Visa Infinite+ Card
The Scotia Momentum Visa Infinite+ Card earns 4% cash back on grocery purchases, eligible recurring bill payments, and subscription purchases.
Earn when you apply through Frugal Flyer.
$300 cash back
$2,000
$450+
$120 (FYF)
Yes
Nov 1, 2026
The Scotia Momentum Visa Infinite+ Card offers 4% cash back on popular categories, including groceries, recurring bill payments, and subscription purchases for up to $25,000 in purchases per cardholder year. Cardholders will also earn 2% cash back on gas purchases, daily transit purchases, and food delivery purchases in addition to 1% cash back on all other purchases.
One thing that we love about this card is that cash back on the Scotia Momentum Visa Infinite+ Card can be redeemed at any point once $25 in cash back is earned. This means that you don’t have to wait to access your rewards, but instead, can redeem your cash back multiple times per year once you have earned enough.
If you are interested in this card, you can earn a welcome bonus of up to $300 cash back plus an exclusive bonus cash back offer of $150 from Frugal Flyer when you apply for the Scotia Momentum Visa Infinite+ Card through Frugal Flyer Rebates.
Discover our Scotia Momentum Visa Infinite+ Card review for more details about this excellent cash back credit card.
Maximize Cash Back on Groceries: BMO CashBack World Elite Mastercard
The BMO CashBack® World Elite®* Mastercard®* earns up to 5% cash back on grocery purchases, plus elevated cash back earning rates on other popular spending categories.*
Earn when you apply through Frugal Flyer.
$480 cash back
$24,000
$605+
$139 (FYF)
Yes
Oct 31, 2026
The BMO CashBack World Elite Mastercard is an excellent choice that has high cash back bonuses on many good categories, including up to 5% cash back on groceries (on up to $500 in spend per statement period), 4% cash back on transit purchases (on up to $300 in spend per statement period), and 3% cash back on all gas and electric vehicle charging purchases (up to $300 per statement period).
If your monthly spend falls close to these spending category caps, this can be a great card to maximize your cash back. Additionally, the BMO CashBack World Elite Mastercard offers one of the most beneficial redemption structures, as cardholders only need to have a cash back balance of $1 or greater to redeem.
This card also offers additional cash back redemption flexibility, as cash back can be redeemed and used towards a statement credit on the credit card’s monthly bill, deposited into a BMO chequing or savings account, or deposited into a BMO InvestorLine account.
If you are interested in this card, you can earn a welcome bonus of up to $480 cash back plus an exclusive bonus cash back offer of $125 from Frugal Flyer when you apply for the BMO CashBack World Elite Mastercard through Frugal Flyer Rebates.
See our BMO CashBack World Elite Mastercard in-depth review for more details about this card.
High Earnings & Low Redemption Requirement: Neo World Elite Mastercard
The Neo World Elite Mastercard offers 5% cash back on groceries, 4% on recurring bills, and 3% on gas purchases.
Earn when you apply through Frugal Flyer.
$0 cash back
$0
$100+
$149
Yes
–
The Neo World Elite Mastercard offers some of the highest cash back rates across popular spending categories in Canada. Cardholders will earn a minimum of 5% cash back on groceries, 4% cash back on recurring bills, and 3% cash back on gas purchases.
Neo also makes it easy to redeem cash back on this credit card, as there is only a minimum redemption amount of $1.00, and cash back can be redeemed as a statement credit, transferred to the Neo Chequing Account, or used toward merchandise.
If you are interested in this card, you can earn an exclusive bonus cash back offer of $100 from Frugal Flyer when you apply for the Neo World Elite Mastercard through Frugal Flyer Rebates.
Read our review of the Neo World Elite Mastercard for all the details you’ll want to know about this credit card.
Cash Back With No Caps: TD Cash Back Visa Infinite Card
The TD Cash Back Visa Infinite* Card earns 3% cash back on all eligible grocery purchases, gas purchases, and regularly recurring bill payments.
$350 cash back
$3,500
$350+
$139 (FYF)
Yes
–
The TD Cash Back Visa Infinite Card is a classic cash back card, offering elevated cash back on multiple spending categories with no spending caps and the ability to easily redeem your cash back.
The TD Cash Back Visa Infinite credit card earns 3% cash back on all eligible grocery purchases, gas and electric vehicle charging purchases, transit purchases, regularly recurring bill payments, and on streaming, digital gaming, and media purchases. Cardholders will earn 1% cash back on all other purchases made on this card.
One of the best parts of this card is that you can redeem your cash back at any time, provided you have accrued a minimum of $25. The convenience of being able to cash out when desired is a major plus, as opposed to having to wait for a once-a-year cash back disbursement. There is no limit to the number of times you can redeem cash back in a calendar year.
Finally, a small perk of this card is that it offers complimentary Deluxe TD Auto Club Membership, which provides 24/7 road services in case of an emergency, making it one of the best credit cards for road trips.
4% Cash Back on Gas & Groceries: CIBC Dividend Visa Infinite Card
The CIBC Dividend Visa Infinite card earns cash back and gives cardholders the opportunity to earn 4% cash back on gas and grocery purchases.
$200 cash back
$2,000
$200+
$120 (FYF)
Yes
–
The CIBC Dividend Visa Infinite Card is another more traditional option on this list, offering elevated cash back and a once-a-year redemption system.
The CIBC Dividend Visa Infinite credit card earns 4% cash back on eligible gas and grocery purchases, 2% cash back on eligible transportation, dining, and recurring bill payments, and 1% cash back on all other eligible purchases.
As the card has a small annual fee, it is important to ensure that you expect to earn a greater amount of cash back than what the annual fee is, else it may make more sense to consider a credit card with no annual fee.
The only drawback with this card is that the cashback is paid out automatically, once per year, on the December statement. While this may be convenient for those who indulge in Christmas shopping or vacations, it does provide less flexibility than other cards in which you can redeem cash back once you reach a certain dollar threshold.
Summary of the Best Cash Back Credit Cards in Canada With Annual Fees
To summarize, we have captured all of our favorite cash back credit cards with annual fees in Canada in the table below, sorted by the value offered by the welcome bonus and the exclusive FlyerFunds Rebate available when applying through Frugal Flyer.
| Credit Card | ||
|---|---|---|
 |
$480 cash back and $125 FlyerFunds Estimated value: $605 Ends Oct 31, 2026 |
|
 |
$300 cash back and $150 FlyerFunds Estimated value: $450 Ends Nov 1, 2026 |
|
 |
$350 cash back Estimated value: $350 |
|
 |
$200 cash back Estimated value: $200 |
|
 |
None and $100 FlyerFunds Estimated value: $100 |
|
Best Cash Back Credit Cards in Canada Without Annual Fees
2% Back on All Purchases: Rogers Red World Elite Mastercard
With the Rogers Red World Elite® Mastercard, Rogers, Fido, Shaw, and Comwave postpaid consumer customers can earn 2% cash back on all eligible purchases and get a 1.5x redemption bonus on eligible Rogers, Fido, Shaw, and Comwave purchases – a 3% cash back value.
$0 cash back
$0
$0+
$0
Yes
–
The Rogers Red World Elite Mastercard is the best cash back credit card with no annual fees for Rogers, Fido, and Shaw customers.
Rogers, Fido, and Shaw customers will receive 2% cash back on all purchases, making this a universally great card to use for all spending categories. They will also earn 3% cash back on purchases in foreign currencies and 1.5% cash back on all other purchases.
It gets even better since Rogers, Fido, and Shaw can redeem their earned cash back for 1.5x value when applied towards Rogers, Fido, and Shaw purchases. Earned cash back can be redeemed at any time, provided a minimum of $10 is redeemed.
Pick Your Bonus Categories: Tangerine Money-Back World Mastercard
The Tangerine Money-Back World Mastercard offers cardholders the ability to choose up to three accelerated spending categories to increase their cash back earnings.
Earn when you apply through Frugal Flyer.
$100 cash back
$1,500
$225+
$0
Yes
Sep 30, 2026
The Tangerine Money-Back World Mastercard is a great no annual fee option if you are interested in customizing the categories that you earn bonus cash back on.
The Tangerine Money-Back World Mastercard earns 2% cash back on three cash back categories of your choice and 0.5% cash back on all other purchases. In order to select three categories, the cardholder will need to have their cash back rewards deposited into a Tangerine Savings Account or else they will only be able to select two elevated cash back categories. Tangerine Savings Accounts have no fee and have excellent interest rates, so there is no reason not to open one if you hold this card.
The spending categories that can be selected for the increased 2% cash back category include grocery, furniture, restaurants, hotel/motel, gas, recurring bill payments, drug store, home improvement, entertainment, public transport/parking, e-games, fitness and sports clubs, and foreign currency spend.
Cardholders are able to adjust their elevated 2% cash back categories whenever desired; however, it will take one billing cycle for the change to take effect. This means that if you are looking to change your spending habits or have bigger purchases coming up, plan ahead if you are looking to maximize the value of your Tangerine credit card.
Cash back rewards that are earned on the Tangerine Money-Back World Mastercard are paid monthly. The cash back will be issued either as a statement credit on the credit card account or as a deposit to a Tangerine savings account, depending on what redemption option the cardholder has specified.
If you are interested in this card, you can earn a welcome bonus of up to $100 cash back plus an exclusive bonus cash back offer of $125 from Frugal Flyer when you apply for the Tangerine Money-Back World Mastercard through Frugal Flyer Rebates.
4% on Restaurants & Bars: Simplii Financial Cash Back Visa Card
The Simplii Financial Cash Back Visa card earns 4% cash back on purchases at restaurants, bars, and coffee shops on up to $5,000 in spending per calendar year.
Earn when you apply through Frugal Flyer.
$100 cash back
$500
$160+
$0
Yes
–
The Simplii Financial Cash Back Visa Card offers amazing earning rates for a card with no annual fee, as cardholders will earn 4% cash back on restaurant, bar, and coffee shop purchases on up to $5,000 in spend per calendar year.
Cardholders will also earn 1.5% cash back on grocery store, gas station, drug store, and pre-authorized purchases (up to $15,000 in spend per calendar year) and 0.5% cash back on all other purchases with no limits.
The one drawback with this card is that cardholders cannot redeem cashback as they wish, but instead, earned cashback is automatically redeemed on the last day of the cardholder’s December statement. While a cash bonus at Christmas is nice, the redemption flexibility offered by other cards outshines this card.
If you are interested in this card, you can earn a welcome bonus of up to $100 cash back plus an exclusive bonus cash back offer of $60 from Frugal Flyer when you apply for the Simplii Financial Cash Back Visa Card through Frugal Flyer Rebates.
1% Cash Back With High Category Limits: Scotia Momentum No-Fee Visa Card
The Scotia Momentum No-Fee Visa Card earns 1% cash back on several popular spending categories, including groceries, recurring bill payments, and gas purchases.
Earn when you apply through Frugal Flyer.
$200 cash back
$2,000
$325+
$0
Yes
Jul 1, 2026
The Scotia Momentum No-Fee Visa Card is a consistent choice when it comes to no annual fee cash back credit cards, as it earns 1% cash back on groceries, food delivery, food subscription services, and drugstore purchases (up to $15,000 in purchases per calendar year).
Similar to the other Scotiabank cash back credit card in this article, cash back earned can be redeemed at a minimum balance of $25.
If you are interested in this card, you can earn a welcome bonus of up to $200 cash back plus an exclusive bonus cash back offer of $125 from Frugal Flyer when you apply for the Scotia Momentum No-Fee Visa Card through Frugal Flyer Rebates.
Summary of the Best Cash Back Credit Cards in Canada Without Annual Fees
To summarize, we have captured all of our favorite cash back credit cards without annual fees in Canada in the table below, sorted by the value offered by the welcome bonus and the exclusive FlyerFunds Rebate available when applying through Frugal Flyer.
| Credit Card | ||
|---|---|---|
 |
$200 cash back and $125 FlyerFunds Estimated value: $325 Ends Jul 1, 2026 |
|
 |
$100 cash back and $125 FlyerFunds Estimated value: $225 Ends Sep 30, 2026 |
|
 |
$100 cash back and $60 FlyerFunds Estimated value: $160 |
|
 |
None Estimated value: $0 |
|
What You Need To Know About Cash Back Credit Cards in Canada
Cash Back Credit Card Basics
Cash back credit cards have been around for ages and can be considered the traditional rewards method for consumers who swipe their credit cards. These rewards programs are easy to understand and often preferred by the average person who doesn’t want to deal with the ins and outs of rewards programs. After all, who doesn’t want to earn a few extra dollars back on their purchases for no effort?
Many cards offer a percentage cash back on all purchases; however, the cash back earning rate may vary based on the category of the purchase. Thus, there is an argument for holding multiple cash back credit cards.
For example, a credit card may offer 3% cash back on fuel purchases but only 1% cash back on all other purchases. In this case, it might make more sense to use a different cash back credit card that offers 5% cash back on grocery purchases, or else you are leaving 4% cash back on the table by using a card that would only earn 1% on that purchase.
How to Choose the Best Cash Back Credit Card For Your Life
There are a few main factors that you want to consider when applying for a new cash back credit card: the annual fee, the cash back earning structure, and the welcome bonus.
Some cash back credit cards come with annual fees, whereas others have no annual fee. Typically, credit cards with annual fees will offer higher cash back reward rates and may offer additional benefits, such as travel insurance or airport lounge access.
That being said, you will need to determine if the cost of the annual fee is less than the value you will generate from holding the card; this is a calculation only you can determine when considering your personal situation.
Each cash back credit card rewards cardholders with different earning rates depending on the purchase they are making. With that in mind, consider what the majority of your purchases would be classified as.
For example, depending on the card you use, you could earn anywhere from 1% to 6% cash back on grocery purchases, which is a massive range, and ultimately, you could be leaving money on the table if you use a credit card that isn’t the best tool for the job. You also want to be aware of any earning limits on the cash back, as you might only be able to earn on a specific dollar amount of purchases in a category during a calendar year.
Finally, consider the welcome bonus on the card. Many credit cards come with increased cash back for a period of time, and this can generate additional value when choosing a new card to sign up for. Not to mention, you should also check to see if you can earn any additional cash back from our FlyerFunds Rebates program before applying!
How Will I Receive My Cash Back?
Unfortunately, there is no universal answer to this question. Each cash back credit card or financial institution has a different process for paying out the cash back that has been earned. Some may pay it once a year on a set schedule, while others will allow you to request a payout once you reach a certain threshold, and others still award the cashback automatically on each monthly statement.
For the cards I mention in this article, I’ve shared how you can “cash out” your cash back and if there are any restrictions to be aware of. Ultimately, it is preferred to have greater flexibility as to how you can receive your cash back as opposed to having it only paid out one time per year, for example.
Conclusion
While travel credit cards are the heart and soul of Frugal Flyer, as we love our points and miles, cash back cards can absolutely have a place in your wallet and fill a unique need. If you are considering adding one to your credit card lineup, consider all aspects of the card, including the annual fee, earning rates, cash-out method, and welcome bonus, before applying for your next credit card.
Frequently Asked Questions
It depends on the card. Some may deposit the cash back at a certain time in the year, while others have a minimum cash back balance you must reach before you can redeem it as a statement credit on your credit card.
The Scotia Momentum Visa Infinite+ Card is our pick for the best cash back earning credit card in Canada, as it has high earning rates, a reasonable $120 annual fee, and the ability to redeem cash back once a minimum balance of $25 earned cash back is reached.
If you are interested in traveling, typically cards that earn miles and points in loyalty programs will offer the best value, but you will need to put the work in to receive that maximum value. Cash back credit cards, on the other hand, are more straightforward and offer easily accessible value, making them a great choice for many Canadians.
When redeeming cash back, the majority of credit cards will post the redeemed cash back as a statement credit on your credit card account. However, some may allow you to deposit the cash back into a chequing, savings, or investment account with that financial institution.
Josh Bandura
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