1.SimplyCash® Preferred Card from American Express
American Express
- 4%Cash back on gas and groceries (up to CA$1,200 annually, then 1%)
- 2%Cash back on all other purchases
Earn 10% cash back on all purchases in the first 3 months, up to a maximum of CA$2,000 in purchases. Additionally, earn a CA$50 statement credit upon making a purchase in your 13th month.
Earn 4% cash back on gas and groceries (up to CA$1,200 annually, then 1%) and 2% on all other purchases.
21.99%
21.99%
The SimplyCash Preferred Card from American Express stands out as the top choice because it offers a remarkable 4% cash back on essential spending categories like groceries and gas, making it ideal for those who prioritize everyday expenses.
Pros:
- High cash back on groceries and gas
- No income requirements
Cons:
- Annual fee applies
- Cash back caps on certain categories
2.SimplyCash Card from American Express
American Express
- 2%Cash back on gas and groceries (up to CA$300 annually)
- 1.25%Cash back on all other purchases
Earn 5% cash back on all purchases (up to CA$2,000 in purchases) in your first 3 months.
Earn 2% cash back on gas and groceries (up to CA$300 annually) and 1.25% on all other purchases.
21.99%
21.99%
What sets the SimplyCash Card apart is its straightforward cash back structure, making it an excellent choice for those who want a no-fee card that rewards common spending categories like gas and groceries.
Pros:
- No annual fee
- Simple cash back structure
Cons:
- Lower cash back rates compared to premium cards
- Caps on certain categories
3.Neo World Elite Mastercard
Neo Financial
- 5%Cash back on groceries
- 4%Cash back on recurring payments
- 3%Cash back on gas
- 1%Cash back on all other purchases
No standard welcome bonus offered.
Earn up to 5% cash back on groceries, 4% on recurring payments, and 3% on gas.
19.99%-29.99%
22.99%-31.99%
The standout feature here is the Neo World Elite Mastercard's exceptional cash back rates, particularly on groceries and recurring payments, making it a top choice for those who spend heavily in these categories.
Pros:
- High cash back rates on groceries and recurring payments
- Premium travel benefits
Cons:
- High income requirements
- Annual fee applies
4.Rogers World Elite Mastercard
Rogers Bank
- 3%Cash back on US purchases
- 2%Cash back on all other purchases
No public welcome bonus available.
Earn 3% cash back on US purchases and 2% on all other purchases.
20.99%-25.99%
22.99%-27.99%
This card shines for its high cash back rate on US dollar purchases, making it an excellent option for frequent travelers or those who shop in the US.
Pros:
- No annual fee
- High cash back on US purchases
Cons:
- No welcome bonus
- Limited to Rogers customers for maximum benefits
- 4%Cash back on groceries, gas, and EV charging
- 2%Cash back on dining, transportation, and recurring payments
- 1%Cash back on all other purchases
Earn up to CA$300 cash back (10% on first CA$3,000 spend in 4 statements) plus a CA$50 bonus for setting up a pre-authorized payment.
Earn 4% on groceries, gas, and EV charging, 2% on dining, transportation, and recurring payments, and 1% on all other purchases.
21.99%
22.99%
The CIBC Dividend Visa Infinite Card is an excellent choice for those who spend heavily on groceries and gas, offering one of the highest cash-back rates in these categories.
Pros:
- High cash back on essential categories
- Comprehensive insurance benefits
Cons:
- Annual fee applies
- Income requirements
6.TD Cash Back Visa Infinite Card
TD Canada Trust
- 3%Cash back on groceries, gas, EV charging, public transit, recurring bills, streaming, and digital media
- 1%Cash back on all other purchases
Earn 10% cash back on eligible purchases in the first 3 months, up to a total of CA$600 in value.
Earn 3% cash back on groceries, gas, EV charging, public transit, recurring bills, streaming, and digital media, with 1% on everything else.
21.99%
22.99%
The TD Cash Back Visa Infinite Card excels with its high cash back rates across a variety of everyday spending categories, making it a strong contender for those looking to maximize their rewards.
Pros:
- High cash back on everyday spending
- Includes travel insurance and roadside assistance
Cons:
- Annual fee applies
- Income requirements
7.Simplii Financial Cash Back Visa Card
Simplii Financial
- 4%Cash back on restaurants, bars, and coffee shops (up to CA$5,000 annually)
- 1.5%Cash back on gas, groceries, and drugstores (up to CA$15,000 annually)
- 0.5%Cash back on all other purchases
Earn 8% cash back on restaurant, bar, and coffee shop purchases for the first 3 months, up to a maximum of CA$1,000 in spending.
Earn 4% cash back on restaurants, bars, and coffee shops (up to CA$5,000 annually), 1.5% on gas, groceries, and drugstores (up to CA$15,000 annually), and 0.5% on all other purchases.
21.99%
22.99%
The Simplii Financial Cash Back Visa Card is a great option for those who frequently dine out, offering a generous cash back rate on restaurant purchases without any annual fee.
Pros:
- No annual fee
- High cash back on dining
Cons:
- Caps on cash back categories
- Limited to specific spending categories
Final Words
As you consider the best cashback credit cards for February 2026 in Canada, remember that your choice should align with your spending habits and financial goals. Take time to compare the options available to ensure you make an informed decision that maximizes your rewards potential.
Frequently Asked Questions
Earn 10% cash back on all purchases in the first 3 months, up to a maximum of CA$2,000 in purchases. Additionally, earn a CA$50 statement credit upon making a purchase in your 13th month.
With the SimplyCash Card from American Express, you can earn 5% cash back on all purchases (up to CA$2,000 in purchases) in your first 3 months. After that, earn 2% cash back on gas and groceries (up to CA$300 annually) and 1.25% on all other purchases.
The Neo World Elite Mastercard allows you to earn up to 5% cash back on groceries, 4% on recurring payments, and 3% on gas. For all other purchases, you earn 1% cash back.
Many cashback cards have no annual fee, making them accessible for most users. However, premium cards with higher rewards rates may charge annual fees, so consider your spending level to determine if the extra rewards justify the cost.
To choose the best cashback credit card, assess your spending habits and look for cards that offer higher cashback rates on categories where you spend the most. Also, consider any annual fees and the welcome bonuses that can provide added value.
The application process for a cashback credit card typically involves filling out an online application or visiting a bank branch. You'll need to provide personal information, including income, and may need to undergo a credit check.
Yes, many cashback credit cards have limits on the amount of cash back you can earn in certain categories, such as groceries or gas. It's important to read the terms and conditions to understand any restrictions or maximum limits.
