Best Cashback Credit Card Canada for Travel and More

If you're a frequent traveler or just someone who loves to earn rewards, you're in luck because we've got the scoop on the best cashback credit cards in Canada. The American Express Cobalt Card offers a whopping 5% cashback on dining, takeout, and food delivery.

With so many credit cards out there, it can be overwhelming to choose the right one. But don't worry, we've got you covered. The American Express Cobalt Card also offers 3% cashback on streaming services and 2% cashback on transit.

Choosing a cashback credit card can be a smart move, especially for travelers. With cashback credit cards, you can earn a percentage of your spending back in the form of cash.

This means you can save money on flights, which can be a significant expense for many travelers. Cashback rebates can be redeemed to cover part of your travel expenses or put directly back into your pocket.

The flexibility of cashback credit cards is a major advantage, allowing you to earn cash back on your spending without being tied to a specific rewards program.

The SimplyCash Preferred Card from American Express offers an impressive cash-back earning rate of 4% on gas and groceries, plus a rare 2% rate on all other purchases, all for a monthly fee of $9.99 ($119.88 annually).

This card is ideal for savvy spenders with no income requirements, making it accessible to a wide range of consumers looking to maximize their cash-back rewards. However, keep in mind that American Express has a more limited network of merchants who accept it in Canada, compared with Visa and Mastercard.

The CIBC Dividend Visa Infinite Card offers a cashback rate of 4% on groceries and gas, 2% on dining and transportation, and 1% on everything else, making it a great option for those who spend a lot on these categories.

The CIBC Dividend Visa Infinite Card is a top contender for cashback rewards in Canada. It offers a competitive cashback rebate in the first year as a welcome bonus.

You can earn 4% cashback on groceries and gas, making it a great option for frequent shoppers and drivers. 2% cashback on dining and transportation is also a nice perk for those who dine out or use public transit regularly.

The card's annual fee is $120, but you can get a first-year rebate available.

The BMO World Master is a top-notch cashback credit card that offers a range of rewards and benefits.

You can earn 5% cashback on groceries, 4% on transit, 3% on gas, 2% on recurring bills, and 1% on everything else with this card.

One of the standout features of the BMO World Master is its travel perks, which include free roadside assistance and extended travel insurance.

The card also comes with a generous welcome bonus, where you can earn a cashback bonus in the first few months.

The annual fee for this card is $120.

The Rogers World Elite Mastercard is a solid choice for those seeking a premium cashback credit card. It offers 1.5% cashback on all purchases and 3% cashback on purchases made in U.S. dollars.

This card also includes travel insurance, airport lounge access, and no annual fee, making it a great option for frequent travelers. The competitive cashback offer for new cardholders is a nice bonus.

One of the standout features of this card is its lack of annual fee, which sets it apart from other premium credit cards.

The MBNA Smart Cash Platinum Plus Mastercard is a solid choice for those looking to earn cash back on their purchases. It offers a great introductory rate of 5% cash back on eligible gas and grocery purchases for the first 6 months, with a spending limit of $500 per month.

This card has no annual fee, which is a major plus for those who want to keep their expenses low. After the introductory period, the cash back rate drops to 2% on eligible gas and grocery purchases, and 0.5% on all other eligible purchases.

The card also has standard annual interest rates of 19.99% on eligible purchases, 22.99% on balance transfers and access cheques, and 24.99% on cash advances. This is something to keep in mind if you plan to carry a balance on your card.

Here's a breakdown of the cash back rates offered by the MBNA Smart Cash Platinum Plus Mastercard:

Overall, the MBNA Smart Cash Platinum Plus Mastercard is a great option for those who want to earn cash back on their purchases without paying an annual fee.

The TD Cash Back Visa Card is a solid option for Canadians looking to earn cash back rewards. You can earn 1% in Cash Back Dollars on eligible grocery purchases and gas purchases, as well as on regularly recurring bill payments set up on your account.

Earning cash back on everyday purchases can add up quickly. For example, if you spend $1,000 on groceries per month, you'll earn $10 in cash back rewards.

Here's a breakdown of the cash back earning rates for the TD Cash Back Visa Card:

Your cash back rewards never expire as long as your account is open and in good standing, which is a nice perk.

Consider high cashback rebates on categories like dining, gas, and groceries when choosing a cashback credit card.

Balance the cashback benefits with any annual fees to ensure you're getting the most value out of your card.

Cards with travel insurance, airport lounge access, or rental car discounts can provide additional perks for travelers.

The Tangerine Money-Back Credit Card is a great option for those who want to earn cashback on their daily purchases.

It offers flexible cashback categories, allowing you to choose where you want to earn the most cashback rebates.

With a no annual fee, you can save even more money on your trips or everyday spending.

You can earn 2% cashback in up to three categories of your choice, making it a smart choice for those who want to maximize their rewards.

The Tangerine Money-Back Credit Card also includes a welcome bonus, which often includes a limited-time cashback bonus.

It's an ideal card for individuals with no credit history, as it helps you save on everyday spending while learning how to manage your credit.

If you deposit your rewards into a Tangerine savings account, you can add a third 2% category, giving you even more opportunities to earn rewards.

Choosing the right card can be overwhelming, but it's essential to make an informed decision. Look for cards that offer high cashback rebates on categories like dining, gas, and groceries.

Consider the annual fees associated with the card. Balance the cashback benefits with any annual fees to ensure you're getting the best value.

If travel perks are important to you, check if the card offers additional benefits like travel insurance, airport lounge access, or rental car discounts. These can make a big difference in your travel experience.

Take advantage of cards with generous introductory cashback offers.