Cash back is the most flexible of the reward types when compared to points and miles. It can be redeemed for just about anything and will generally be the best option if you want to use your rewards for more than just travel.
With cash back rewards, the rewards you earn are worth face value so there's no worrying about transferring rewards to partners or researching which redemptions will give you the most value. You will also never have to worry about devaluations like you would when earning points and miles.
The only real drawback to cash back rewards comes mainly from redemptions that revolve around travel. While the value of points and miles vary by program, they will typically outshine most cash back cards when it comes to redeeming rewards for airfare and hotels.
This especially holds true for travel rewards programs that allow you to transfer your rewards directly to frequent flyer and hotel loyalty programs. So if you're looking to earn rewards towards travel, you'll want to check out travel rewards credit cards.
You can click on any of the credit cards listed on this page to calculate how much cash back you can earn based on the monthly and yearly spend amounts you enter. Results can be compared side by side up to two credit cards from any issuer.
Tangerine Credit Cards
National Bank of Canada Credit Cards
Credit Card | Benefits | Annual Fee |
---|---|---|
Best For Online Purchases
|
|
$30 |
$0 |
American Express Credit Cards
Credit Card | Benefits | Annual Fee |
---|---|---|
Best For Flat-Rate Cash Back
|
|
$9.99 per month ($119.88 annually) |
Best No Fee Card For Flat-Rate Cash Back
|
|
No annual fee |
BMO Credit Cards
Credit Card | Benefits | Annual Fee |
---|---|---|
|
$120 | |
|
$0 |
Capital One Credit Cards
Credit Card | Benefits | Annual Fee |
---|---|---|
|
$0 |
CIBC
Credit Card | Benefits | Annual Fee |
---|---|---|
|
$120 (first year rebated) | |
|
$99 | |
|
$0 |
Desjardins
Credit Card | Benefits | Annual Fee |
---|---|---|
|
$295 ($395 for non-members) | |
|
$130 | |
|
$110 | |
|
$0 | |
|
$100 | |
|
$0 |
Home Trust
Credit Card | Benefits | Annual Fee |
---|---|---|
|
|
$0 |
Laurentian Bank
Credit Card | Benefits | Annual Fee |
---|---|---|
|
$65 |
MBNA
Credit Card | Benefits | Annual Fee |
---|---|---|
|
$39 | |
|
$0 |
Rogers
Credit Card | Benefits | Annual Fee |
---|---|---|
|
$0 | |
|
$0 the first year, then $29. | |
|
$0 |
Scotiabank
Credit Card | Benefits | Annual Fee |
---|---|---|
|
$120 | |
|
$39 | |
|
$0 | |
|
$79 |
Simplii Financial
Credit Card | Benefits | Annual Fee |
---|---|---|
Best For Restaurants & Dining
|
|
$0 |
TD Bank
Credit Card | Benefits | Annual Fee |
---|---|---|
|
$139 | |
|
$0 | |
|
$0 |
Specialty Calculators
Cash Back Calculator
Input your monthly and yearly spend amounts into our Canada credit card cash back calculator to find out which cards will earn you the most.
Results will be sorted by net return. This is calculated by taking the cash back earned, adding the average value of card benefits, and subtracting any annual fees the card has.
Results will consist of top-rated credit cards in Canada that earns cash back.
Find out which credit cards will offer you the most value based on the spend amounts you entered
No Results. This is usually due to:
- There's no good card options based on the spend entered.
- The calculator is having a brain-fart and is not calculating rewards properly.
Enter different values or try again later.
Results
These estimates are to help guide you towards making the best decision when it comes to picking up a rewards credit card. They should be used for illustrative purposes only. You can click on the estimated earnings to see the calculations or click on the card to learn more.
Do note that all spend amounts entered into the tool above will carry over to every credit card rewards calculator on the site, so there's no need to re-enter spend if you choose to dive deeper into calculating rewards for credit cards on the site.