Credit Cards with Cashback for 2025
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In a country as dynamic as Canada, where residents seek to maximize the value of their daily spending on groceries, gas, restaurants, and more, cashback credit cards have become an essential financial tool.
With the growing demand for attractive rewards and low costs, Canadian banks offer competitive options that combine high cashback rates, welcome bonuses, and flexibility, without sacrificing additional benefits like travel insurance or purchase protection.
If you live in Canada and are looking for a card that gives you cash back on your purchases without any hassle, you've come to the right place.
Below, we present the five best cashback credit cards available in 2025, designed to fit different lifestyles and financial needs, from families who spend a lot on groceries to frequent travelers looking for rewards without high annual fees.
Discover the Cards That Pay You to Spend
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Imagine paying for your daily grocery shopping, filling up your gas tank, or enjoying dinner at your favorite restaurant, and receiving money back for every transaction.
Cashback credit cards do just that, turning your everyday expenses into real savings.
In Canada, banks like CIBC, Simplii Financial, BMO, Tangerine, and RBC offer cards that not only reward you with attractive percentages, but also waive annual fees or include premium benefits like travel insurance and lounge access.
For example, did you know you can earn up to 4% cashback on popular categories like grocery stores and restaurants, or even double your rewards in the first year with some offers?
Whether you're looking for a card with no annual fee or a premium option with exclusive benefits, these five cards offer the best of the Canadian market. Get ready to save while you spend!
The Best Options to Maximize Your Rewards
Canada is a country where lifestyles vary, from busy professionals in Toronto to families in Vancouver looking to stretch their budget.
The cashback credit cards featured below have been selected for their high return rates, redemption flexibility, affordability, and additional benefits, based on reviews from trusted sources such as Forbes Advisor Canada, MoneySense, and Ratehub.ca.
These cards are designed to fit your needs, whether you're a student, a newcomer, or a frequent traveler.
Below, we explore each in detail to help you choose the best option for your wallet.
1. CIBC Dividend® Visa Infinite Card
The CIBC Dividend® Visa Infinite Card is a favorite for those who spend a lot on essential categories like groceries and gas.
This card offers an impressive 4% cashback on gasoline purchases, electric vehicle charging, and supermarkets (up to $20,000 annually per category, then 1%), 2% in transportation, restaurants and recurring payments, and 1% in everything else.
With a welcome bonus that grants up to 10% cashback on all purchases for the first four months (up to $1,000 in spending, equivalent to $1,200), this card is a powerful option to maximize your rewards right from the start.
Although it has an annual fee of $120, this is eliminated in the first year, which makes it even more attractive.
Plus, you can redeem your cashback starting at $25 anytime through CIBC Online Banking or as an annual credit in January.
Additional benefits include a robust travel insurance package, including trip cancellation/interruption coverage and rental car protection.
To qualify, you need an annual income of at least £14T60,000 for individuals or £14T100,000 for families, making it ideal for families or professionals with high grocery and fuel expenses.
2. Simplii Financial™ Cash Back Visa Card*
If you are looking for a card with no annual fee with a focus on gastronomy, the Simplii Financial™ Cash Back Visa* Card is an excellent option.
This card offers 4% cashback in restaurants, bars and cafes (up to $5,000 annually, then 0.5%), 1.5% in gasoline, supermarkets, pharmacies and pre-authorized payments (up to $15,000 annually, then 0.5%), and 0.5% on all other purchases. Your welcome bonus gives you a 10% cashback on qualifying purchases during the first four months (up to $500 in spending, equivalent to $50).
With no minimum income requirements, this card is accessible to students, newcomers, and Canadian residents looking for simplicity.
Cashback is redeemed as an annual credit on your January bill, which is ideal if you don't need immediate access.
Plus, it includes insurance such as purchase protection and extended warranty, adding value at no additional cost.
It's perfect for those who love eating out or ordering takeout, as its 4% rate in restaurants is one of the highest in the market.
3. CashBack® Mastercard®
The BMO CashBack® Mastercard® is one of the best options with no annual fee, especially for those who spend a lot at supermarkets.
Offers 3% cashback on supermarket purchases (up to $500 per month, then 0.5%), 1% in recurring payments such as subscriptions and 0.5% in everything else.
Their welcome bonus is attractive: 5% cashback on all purchases during the first three months (up to $2,500 in spending, equivalent to $125).
One of the biggest advantages of this card is its redemption flexibility: you can redeem your cashback starting at just $1 as a bill credit, deposit into a BMO account, or even as an investment in BMO InvestorLine.
With no minimum income requirements, it's ideal for students, newcomers, or anyone looking for an affordable card.
It also offers a 0.99% introductory interest on balance transfers over nine months (with a 2% fee), which is helpful for those looking to consolidate debt.
Car rental discounts and purchase protection round out its benefits, making it a solid option for those on a tight budget.
4. Tangerine World Mastercard®
The Tangerine World Mastercard® It stands out for its flexibility and lack of annual fees. This card allows you to choose 2% cashback in two customizable categories (such as grocery, gas, pharmacy, furniture, subscriptions, or home improvements) or three categories if you deposit the cashback into a Tangerine savings account.
All other purchases generate 0.5%The welcome bonus offers 10% extra cashback up to $1,000 in purchases during the first two months (equivalent to $100).
Cashback is deposited monthly, either into your Tangerine account or as a bill credit, which is ideal for those who prefer immediate rewards.
With benefits like car rental insurance, mobile device protection, and lounge access through Mastercard Travel Pass, this card adds value for travelers.
It requires an annual income of £14T60,000 for individuals or £14T100,000 for families, making it suitable for professionals who want to customize their rewards without paying an annual fee.
5. RBC Cash Back Preferred World Elite Mastercard
For those looking for unlimited cashback with premium benefits, the RBC Cash Back Preferred World Elite Mastercard is a standout option.
Offers 1.5% cashback on all purchases without limit and 2% in supermarkets (up to $6,000 annually, then 1%). Your welcome bonus grants up to 5% cashback on gasoline and supermarkets during the first six months (up to $500 per month, equivalent to $150).
Although it has an annual fee of $99, additional benefits like rental car insurance, purchase protection, global Wi-Fi access via Boingo, and fuel discounts at Petro-Canada justify the cost for frequent spenders.
Cashback can be redeemed starting at $25 at any time by phone or automatically in January.
It requires an income of £14T80,000 for individuals or £150,000 for families, making it ideal for those looking for a premium card with consistent rewards.
Why These Cards Will Change the Way You Spend
Imagine the freedom to spend knowing that every purchase gives you money back, whether it's to cover your next bill, save for a trip, or simply indulge in a guilt-free treat.
Cards like the CIBC Dividend® Visa Infinite They offer you up to 4% in essential categories, while the Simplii Financial™ Cash Back Visa* rewards food lovers with a 4% in restaurants.
If you prefer not to pay annuity, the BMO CashBack® Mastercard® and the Tangerine World Mastercard® They give you flexibility and rewards at no cost.
For those looking for a premium experience, the RBC Cash Back Preferred combine unlimited cashback with travel benefits.
These cards not only help you save, but also offer tools like credit monitoring, insurance, and intuitive mobile apps to manage your spending.
With more than 12 million Canadians using rewards credit cards, according to Statistics Canada, joining this trend is a smart move to optimize your finances.
Act Now and Start Earning Cashback
Don't let your daily spending go unnoticed without rewards. The best cashback credit cards in Canada are just a few clicks away. Follow these steps to get started:
- Evaluate your expenses: Identify where you spend the most (supermarkets, gas, restaurants) to choose the card that maximizes your cashback.
- Apply online: Visit the banks' official websites to apply:
- Take advantage of the bonuses: Use your card for initial purchases in bonus categories to earn maximum welcome cashback.
- Contact the bank: If you have any questions, please call the customer service numbers:
- CIBC: 1-800-465-4653
- Simplii Financial: 1-888-723-8881
- BMO: 1-800-263-2263
- Tangerine: 1-888-826-4374
- RBC: 1-800-769-2512
Take action today and turn your spending into savings with the best cashback credit cards in Canada!
If you need help choosing the ideal card for your profile, contact us or check out the official pages for more details.
