Top Cash Back Credit Cards

Below are the top cash back credit cards in Canada (lowest annual fee at the top, then alphabetically):


  • No annual fee
  • Earn 5% cash back on all purchases (for the first 4 months, up to $2,500 in spending or $125 in cash back) (apply before May 31, 2024)
  • Earn 3% cash back on grocery purchases (up to $500 in spending per monthly cycle)
  • Earn 1% cash back on recurring bill purchases
  • Earn 0.5% cash back on all other purchases
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  • No annual fee
  • Earn 3% cash back on restaurants and Costco gas purchases (up to $5,000 in spending)
  • Earn 2% cash back at all other gas and Costco.ca purchases (up to $8,000 in spending)
  • Earn 1% cash back on all other purchases
  • Have at least $15,000 in personal annual income
  • Exclusive to Costco members
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  • No annual fee
  • Earn 1% on restaurant purchases and recurring pre-authorized payments (after the promotional period is done)
  • Earn 0.5% cash back on all other purchases
  • No minimum annual income required to apply
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Credit terms

Grace period: No interest will be charged on purchases made during the month, provided the client pays the balance in full within twenty-one (21) days of the statement date. This grace period does not apply to cash advances or balance transfers. Minimum payment: If your account balance is lower than $10, you must pay the entire balance. If you reside in the province of Quebec, your minimum payment will correspond to 5% of the credit card account balance plus any overdue payment or $10, whichever amount is higher. If you reside outside of Quebec, your minimum payment represents 2.5% of the credit card account balance plus any overdue payment or $10, whichever amount is higher. Account statement: A statement is sent monthly. 

Example of credit charges over a 30-day period 

Annual interest rate Average balance 
 $500 $3,000 
22.49% $9.24 $55.45 
20.99% $8.63 $51.76 
12.90% $5.30 $31.81 
8.9% $3.66 $21.95 

*Variable interest rate in effect on September 1, 2021 

Balance transfer and cash advance are subject to credit approval by National Bank. Each balance transfer must be at least $250. 

Details of eligible rewards points

Certain restrictions apply. For more information, consult the Rewards plan section or the Plan rules regarding how to earn points. 

The amount of points earned on grocery and restaurant purchases depends on the total gross monthly amount charged to the credit card account, regardless of the purchase category. You will earn 5 points for every dollar in eligible grocery and restaurant purchases until a total of $2,500 in gross monthly purchases is charged to the account. After that, you will earn 2 points per dollar in eligible grocery and restaurant purchases. The total gross monthly amount is calculated based on your monthly billing period. Grocery purchases include any purchase made at a store that primarily sells food, i.e., grocery store, delicatessen, supermarket, greengrocer or specialty food store. Ready-to-eat meal services and meal delivery services are eligible. This definition excludes purchases made at retail stores and big box stores whose core business is the sale of non-food items. Certain merchants may sell products and services that appear identical or similar to those sold by eligible merchants, or may be separate merchants located on the same premises as eligible merchants, but are classified in different categories by Mastercard. For purchases at other merchants, you will only earn regular rewards points. Restaurant purchases include purchases at a restaurant, fast food restaurant, bar, nightclub or pub. For a full list of Mastercard codes associated with eligible merchants, download the terms and conditions of the À la carte Rewards Plan®

 To earn 2 points per dollar in purchases, you will need to purchase gas or an electrical vehicle charge from a service station or from certain big-box stores. Certain merchants may sell products and services that appear identical or similar to those sold by eligible merchants, or may be separate merchants located on the same premises as eligible merchants, but are classified in different categories by Mastercard. For purchases at other merchants, you will only earn regular rewards points. For a full list of Mastercard codes associated with eligible merchants, download the terms and conditions of the À la carte Rewards Plan®

Recurring bill payments are defined as monthly or regular payments automatically charged by a merchant to your National Bank World Elite Mastercard credit card. Not all merchants offer recurring bill payments, and not all recurring payments are considered recurring bill payments. Certain payments therefore may not entitle you to earn more points. 

 To earn 2 points per dollar in purchases, you must make your eligible purchases via the À la carte TravelTM Agency section of our À la carte RewardsTM site. 

 For example, if each month you charge $400 in groceries, $200 in gas, $100 in recurring bill payments and $150 in other purchases to your card, your $850 in purchases will earn you 2,750 points, as follows: 2,000 points for grocery purchases (since the total gross monthly amount is $850, i.e., under $2,500), 400 points for gas purchases, 200 points for recurring bill payments and 150 points for other purchases.

National Bank Lounge conditions

 Exclusively available to World Elite Mastercard cardholders. Visitors must present their physical credit card and boarding pass to access the National Bank Lounge. The National Bank Lounge is only available to clients travelling to international destinations (excluding Canada and U.S. flights). Guests cannot spend more than three (3) hours in the Lounge. For National Bank clients who do not have free Lounge access and for additional guests, admission is around $37 for adults and $26 for children, plus tax. Admission is free for children under three years old. The entry price may change at any time without notice and at the discretion of the Lounge operator.

Travel and health insurance conditions

Clients must submit required documents within the given deadline. Certain conditions may apply. Only the primary cardholder (“Cardholder”) of National Bank World Elite Mastercard whose account is in good standing can request a refund of travel expenses. An account in good standing refers to an account linked to a credit card which complies with the Agreement governing the use of the credit card and which is not subject to any restrictions. For example, the annual fees related to the credit card must have been paid in full. The maximum amount that can be submitted for reimbursement between January 1 and December 31 of each year is $150.

Eligible expenses include: 

·   airport parking fees

·   baggage fees

·   seat selection fees

·   access to airport lounges worldwide 

·   airline ticket upgrades

The claim must be submitted within 60 days of the purchase date and accompanied by proof of purchase. The travel fees must be charged to the National Bank World Elite Mastercard credit card. The maximum reimbursement amount is $150 per account. The refund will be issued within 7 business days following the request approval date and after receiving all required information. An amount not claimed in a year cannot be carried over to the following year. For more information or to obtain the refund form, sign in to rewards.nbc.ca, click the Refund of travel expenses tab and complete the form, you can also contact us at 1-888-296-8881 (toll-free).  

This coverage applies to purchases and rentals charged in part to the card, except out-of-province medical/hospital insurance for which the travel arrangements need not be charged to the card and lost or delayed luggage insurance where all transportation costs must be charged to the card. This coverage applies to the primary cardholder, their spouse and/or dependent children when they (spouse and/or dependent children) travel with the primary cardholder. Extended warranty coverage applies to most new items purchased with the card, in Canada or abroad, as long as the manufacturer’s warranty is valid in Canada. Certain conditions and restrictions apply. For more information and for details of your insurance coverage, please consult the insurance certificate associated with your card

Mobile devices protection:

Up to $1,000 in the event of breakage, loss or theft for a maximum of 2 years after the purchase date. The device must have been purchased using your National Bank World Elite Mastercard credit card, or your phone plan must be paid via recurring payments charged to your National Bank World Elite credit card starting September 1, 2022. For complete terms and conditions, please consult the insurance certificate associated with your card


  • No fee
  • Monthly subscription available to customize your Neo Card by stacking perks that reward your spending
  • Earn $25 sign up bonus
  • Earn up 15% cash back on first time purchases
  • Earn up 5% cash back on partner purchases
  • Earn 1% cash back on all other purchases
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  • No annual fee
  • Earn 10% cash back on the first $1,000 in spending within the first 3 months (up to $100 cash back)
  • Earn 2% cash back (no limit) on all purchases (must have 2 qualifying services with Rogers)
  • Earn 2% cash back on U.S. dollar purchases
  • Earn 1% cash back on all other purchases
  • Receive 5 Roam Like Home days at no cost every year (up to $75 value)
  • Receive 30% cash back bonus when redeeming for Rogers purchases
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  • No annual fee
  • Earn 20% cash back on gas, grocery, drugstore purchases and pre-authorized payments (in the first 3 months or up to $500 in spending, whichever comes first)
  • Earn 4% cash back on restaurants and bars (after the bonus offer expires)
  • Earn 1.5% cash back on gas, groceries, drugstore purchases and pre-authorized payments
  • Earn 0.5% cash back on all other purchases
  • Have at least $15,000 in personal annual income
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  • No annual fee
  • Up to 5 supplementary cardholders
  • Earn 10% cash back on the first $1,000 in spending on all purchases or up to 2 months (apply before October 31, 2023)
  • Earn 2% cash back on choice of 2 categories (3rd choice if you deposit the cash back into your Tangerine Savings Account)
  • Earn 0.5% cash back on all other purchases
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  • No annual fee
  • Up to 5 supplementary cardholders
  • Earn 10% cash back on the first $1,000 in spending on all purchases or up to 2 months (apply before October 31, 2023)
  • Earn 2% cash back on choice of 2 categories (3rd choice if you deposit the cash back into your Tangerine Savings Account)
  • Earn 0.5% cash back on all other purchases
  • Receive Boingo Wi-Fi
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  • No annual fee
  • Earn $25 sign up bonus (earn $15 Welcome Bonus plus $10 Paperless Statement Bonus)
  • Earn 3% cash back on walmart.ca purchases
  • Earn 1.25% cash back on gas and walmart.ca purchases
  • Earn 1% cash back on all other purchases
  • Have at least $100,000 in annual household income
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  • $9.99 monthly fee
  • No annual fee for a supplementary cardholder
  • Earn 4% cash back on gas and grocery (up to $30,00 in annual spending)
  • Earn 2% cash back on all other purchases
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  • $99 annual fee (first year fee waived)
  • $30 annual fee for supplementary cardholders
  • Earn 4% cash back on gas and grocery store purchases (on the first $25,000 in purchases, then 1% for all other purchases)
  • Earn 2% pharmacy purchases and utility bill payments (on the first $25,000 in purchases, then 1% for all other purchases)
  • Earn 1% cash back on all other purchases
  • Not available to Quebec residents
  • Have at least $60,000 in personal annual income or $100,000 in annual household income
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  • $120 annual fee (waived the first year if you apply before May 31, 2024)
  • Earn 10% cash back for every $1 spent on all purchases (for the first 3 months, up to $2,600 in spending or $300 in cash back) (if you apply before May 31, 2024)
  • Earn 5% cash back for every $1 spent on the first $500 per month in grocery purchases
  • Earn 4% cash back for every $1 spent on the first $300 per month in transit purchases
  • Earn 3% cash back for every $1 spent on the first $300 per month in gas and electronic vehicle charging purchases
  • Earn 2% cash back for every $1 spent on the first $500 per month in recurring bill payments
  • Earn 1% cash back for every $1 spent on all purchases and thereafter
  • Have at least $80,000 in personal annual income or $150,000 in annual household income
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  • $120 annual fee for first time cardholders (first year fee waived)
  • $30 annual fee for a supplementary cardholder (maximum 3 cards)
  • Earn 10% cash back on the first 4 statements or up to $2,000 in spending
  • Earn 4% cash back on gas and grocery purchases
  • Earn 2% cash back on dining, recurring payments and transportation purchases
  • Earn 1% cash back on all other purchases
  • Have at least $60,000 in personal annual income or $100,000 in annual household income
Apply-Now


  • $120 annual fee (first year fee waived)
  • Earn 3% cash back on grocery store purchases (on the first $25,000 in purchases annually)
  • Earn 2% cash back on travel purchases purchases (on the first $25,000 in purchases annually, then 1% for all other purchases)
  • Earn 1% cash back on all other purchases
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  • $120 annual fee (first year fee waived for applying before October 31, 2023)
  • $50 annual fee for a supplementary cardholder
  • Earn 10% cash back on the first 3 months up to $2,000 in spending (apply before October 31, 2023)
  • Earn 4% cash back for every $1 spent on grocery purchases and recurring bill payments
  • Earn 2% cash back for every $1 spent on gas and daily transit
  • Earn 1% cash back for every $1 spent on all other purchases
  • Have at least $60,000 in personal annual income, $100,000 in annual household income or $250,000 in assets under management
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  • $139 annual fee (first year fee waived, if apply by September 5, 2023)
  • $50 annual fee for supplementary cardholders
  • Earn 10% cash back on all purchases (for the first 3 months, up to $2,000 in spending) (apply by September 5, 2023)
  • Earn 3% cash back on gas, grocery and recurring bill payments thereafter (on first $15,000 in annual spending per category, including the 3 month bonus promotion)
  • Earn 1% cash back on all other purchases
  • Have at least $60,000 in personal annual income or $100,000 in annual household income
Apply-Now