Compare the best cash rewards credit cards in Canada. Cheers to that.

 

Find the right credit card.

Get Started

Focus On

Comparing cash back credit cards.

When you compare cash back credit cards, look at the rewards rates they offer relative to their annual fees. Some cards have great rewards rates that let you earn at least 2% cash back but then charge a big annual fee. You'd have to spend a lot of money on a card like that to make the premium rewards rate worthwhile.

Savvy shoppers should estimate how much money they'll spend with their cash back credit card each year and choose a card accordingly. Big spenders will benefit from premium cash back cards offering high rewards rates. Lower to middle-income consumers will find that standard cash back cards make more sense.

You should also think about the kind of items you spend money on each month. Many cash back cards offer higher rewards rates for certain categories of purchases, like gas, groceries, and recurring bills. If you spend a lot of money on one type of item, look for a cash back card that gives you an optimal rewards rate on it.

Check out our table below to see the rewards rates and benefits on some of our most popular cash back cards:

We put a selection of cash back credit cards head-to-head in the graph below so you can see which one comes out ahead based on the amount of money you spend annually.

A note on methodology: Because cash back rewards rates vary based on what you're buying, we used a weighted basket to represent the average cardholder's monthly spending:

This basket represents up to $60,000 of spending, beyond which all purchases are categorized as 'other'. After all, most families only spend so much money per year on gas, groceries, and recurring bills, no matter how big their budget is. We also included the annual fees on each card and stripped out introductory or promotional offers. Now you can get a better idea of how each card will reward you over the long term.

Cash Back Rewards Comparison

The graph is clear: premium cash back offerings come out ahead if you spend more than $20,000 per year on your card. If you spend less, lower-tier cards with no annual fee are a better option.

Why choose LowestRates.ca?

50+ trusted partners (and growing) on our site to compare mortgage rates, insurance and credit cards

$1 billion+ saved in interest and fees

14+ million Canadians helped per year

High praise for LowestRates.ca

May 17
Very good customer service!!!
Very good customer service!!!
Rozarene Sagum
May 16
Friendly helpful associate made my…
Friendly helpful associate made my experience stress free
shawn rhude
May 16
My agent
My agent, Cassie was terrific. She was quick, friendly, helpful, and knowledgeab...
Shaun Medoff
May 16
Very helpful
Very helpful
John Balayon
May 12
very nice and helpful
very nice and helpful
GIANPIERO GIORNO
May 12
Agent are courteous and transparent…
Agent are courteous and transparent they going to help you as much as they can.
Jessie Mangabay
May 9
He was straightforward and to the…
He was straightforward and to the point. Told me what to expect. And gave me an...
Adrian
May 9
Searched for my best option
Searched for my best option
Barry Hewitt
May 9
It’s so easy to use
It’s so easy to use. People are so friendly.
Gordon Richard
May 9
Amazing
Amazing, she was very helpful
Trent Lastname
May 9
Customer service was fantastic
Customer service was fantastic. She was knowledable, personable, and curtesous. ...
Amanda Murphy
May 8
Excellent fast and efficient.
Excellent fast and efficient.
Wayne Hunter
May 8
Fast
Fast, easy, and friendly.
Daniel Castro
May 6
acted very fast in replying
acted very fast in replying
Harold Fowler
May 5
Fast Friendly service
Fast Friendly service
Nelson Currie

Your cash back rewards credit card questions, answered.

Looking for more credit card info? Check out our Help Centre.

Why would I want a cash back rewards credit card?

The appeal of a cash back rewards card is easy to understand. Who doesn't like earning cash as they spend money on their credit card? With better cash back credit cards available today than ever before, it's easy to find the perfect card — especially if you compare your options right here at LowestRates.ca.

Credit card news

Read More Like This