- 4%Cash back on groceries, gas, and electric vehicle charging
- 2%Cash back on dining, transportation, and recurring payments
- 1%Cash back on all other purchases
Earn 10% cash back on up to CA$2,500 in purchases within the first four statements.
Earn 4% cash back on groceries, gas, and electric vehicle charging, 2% on dining, transportation, and recurring payments, and 1% on all other purchases.
The CIBC Dividend Visa Infinite Card stands out as the top choice because it offers exceptional cash back rates on essential spending categories like groceries and gas, making it ideal for everyday use. With comprehensive travel insurance and a generous welcome bonus, it provides significant value for those who meet the income requirements.
Pros:
- High cash back rates on essential categories
- Comprehensive travel insurance included
Cons:
- Annual fee may be a deterrent for some
- Income requirement may limit eligibility
2.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 traditional welcome bonus, but third-party offers may exist.
Earn 5% cash back on groceries, 4% on recurring payments, 3% on gas, and 1% on everything else.
What sets the Neo World Elite Mastercard apart is its impressive cash back rates, particularly on groceries and recurring payments, making it a strong contender for those who prioritize everyday spending rewards. Additionally, the lack of a traditional welcome bonus is offset by the potential for high ongoing rewards.
Pros:
- High cash back rates on essential categories
- No annual fee for supplementary cards
Cons:
- No traditional welcome bonus
- Higher interest rates may apply
3.SimplyCash Card from American Express
American Express
- 2%Cash back on gas and groceries
- 1.25%Cash back on all other purchases
Earn a bonus 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.
The SimplyCash Card from American Express shines for its straightforward cash back structure, making it easy for users to understand their rewards. With no annual fee and a solid welcome bonus, it is an excellent choice for those looking to maximize their cash back without the burden of high fees.
Pros:
- No annual fee
- Simple cash back structure
Cons:
- Limited cash back on gas and groceries
- Lower rewards on other purchases
4.Rogers World Elite Mastercard
Rogers Bank
- 3%Cash back on U.S. dollar purchases
- 1.5%Cash back on all other purchases
No widely advertised welcome bonus.
Earn 3% cash back on U.S. dollar purchases and 1.5% on other purchases.
The standout feature here is the Rogers World Elite Mastercard's high cash back rate on U.S. dollar purchases, making it particularly appealing for frequent travelers. While it lacks a traditional welcome bonus, the ongoing rewards structure offers significant value for those who spend in U.S. dollars.
Pros:
- No annual fee
- High cash back on U.S. dollar purchases
Cons:
- No traditional welcome bonus
- Limited cash back on non-U.S. purchases
- 5%Cash back on groceries
- 4%Cash back on transit
- 3%Cash back on gas
- 2%Cash back on recurring bills
- 1%Cash back on all other purchases
Get up to CA$650 in value, including a first-year annual fee waiver and 10% cash back on up to CA$2,600 in purchases within the first 3 months.
Earn 5% cash back on groceries (up to CA$500/month), 4% on transit, 3% on gas, and 2% on recurring bills.
The BMO CashBack World Elite Mastercard earns its place among the top contenders due to its exceptional cash back rates across essential spending categories, particularly groceries and transit. With a generous welcome bonus and first-year fee waiver, it provides substantial value for eligible cardholders.
Pros:
- High cash back rates on essential categories
- First-year fee waiver
Cons:
- Annual fee after the first year
- Income requirement may limit eligibility
6.American Express Cobalt Card
American Express
- 5%Points on eats/drinks/groceries
- 3%Points on streaming
- 2%Points on travel/transit
- 1%Points on all other purchases
Earn up to 15,000 Membership Rewards points in the first year.
Earn 5x points on eats/drinks/groceries (up to CA$2,500/month), 3x on streaming, 2x on travel/transit, and 1x on other purchases.
This card shines for its exceptional rewards structure, particularly for those who frequently dine out or purchase groceries. With the ability to earn 5x points on eligible spending and flexible redemption options, the American Express Cobalt Card is a top-tier choice for rewards enthusiasts.
Pros:
- High rewards on dining and groceries
- Flexible points redemption options
Cons:
- Monthly fee can add up
- Higher spending required for maximum rewards
7.TD Cash Back Visa Infinite Card
TD Bank
- 3%Cash back on groceries, gas, and recurring bills
- 1%Cash back on all other purchases
Earn 10% cash back on eligible purchases for the first 3 months, up to CA$3,500.
Earn 3% cash back on groceries, gas, and recurring bills (up to CA$15,000 annually per category) and 1% on all other purchases.
The TD Cash Back Visa Infinite Card is a strong contender in the cash back category, offering high rewards on essential spending like groceries and gas. With a substantial welcome bonus and first-year fee rebate, it provides excellent value for those who meet the income requirements.
Pros:
- High cash back on essential categories
- First-year fee rebate
Cons:
- Annual fee after the first year
- Income requirement may limit eligibility
Final Words
As you explore the best cashback credit cards this March 2026 in Canada, remember that the right choice hinges on aligning your spending habits with the rewards offered. Take time to compare different options available to you, ensuring you make an informed decision that maximizes your cashback potential.
Frequently Asked Questions
Earn 10% cash back on up to CA$2,500 in purchases within the first four statements.
Earn 5% cash back on groceries, 4% on recurring payments, 3% on gas, and 1% on everything else.
Earn a bonus 5% cash back on all purchases (up to CA$2,000 in purchases) in your first 3 months, along with 2% on gas and groceries (up to CA$300 annually) and 1.25% on all other purchases.
Yes, many cashback credit cards come with annual fees. For example, the CIBC Dividend Visa Infinite Card has an annual fee of CA$120, while the SimplyCash Card from American Express has no annual fee.
Consider your spending habits and where you spend the most money, such as groceries or gas. Look for cards that offer higher cash back rates in those categories, and compare welcome bonuses and annual fees.
Eligibility typically requires a minimum income level, which can vary by card. For instance, the CIBC Dividend Visa Infinite Card requires an individual income of CA$60K or a household income of CA$100K.
Yes, many cashback cards provide added benefits, such as travel insurance, purchase protection, and mobile device insurance. For example, the CIBC Dividend Visa Infinite Card includes comprehensive travel insurance and mobile device insurance.
