Best Cash Back Credit Cards in Canada for 2025

The best cash back card for you depends on where you spend the most and whether you’re okay using traditional credit or prefer spending your own money.

1. KOHO Everything

If you want strong rewards without running a traditional credit card balance, with KOHO Everything:

• Grow your savings with 3.5% interest, one of the highest rates in Canada

• Earn a 2% cash back rate on groceries, eating, drinking, and transportation and 0.5% cash back on everything else

• There are no foreign exchange fees, so you save on international purchases and travel

• Unlimited transactions and free e-transfers

• No minimum balance required, ever

2. Scotia Momentum® Visa Infinite* Card

This card is built for people who spend heavily on groceries, recurring bills, gas, and transit:

• Typically offers higher cash back on groceries and recurring payments, a solid rate on gas and transit, and a base rate on everything else

• Comes with an annual fee

• Includes extra perks like insurance and purchase protection on eligible purchases

3. Tangerine® Money-Back World Mastercard®*

This is a no annual fee option:

• Lets you pick multiple “Money-Back Categories” (such as groceries, restaurants, gas, recurring bills, and more) where you earn a higher cash back rate

• Pays a lower base rate on everything outside your chosen categories

4.Neo World Elite® Mastercard*

Neo’s World Elite card is aimed at shoppers who like partner based rewards:

• Earns elevated cash back at Neo partner merchants, often advertised as a high average rate at select brands

• Guarantees at least a minimum base cash back so you’re still earning on non-partner spend

• Includes premium World Elite perks, like travel or purchase benefits, depending on the current offer

How to Choose the Right Cash Back Card

Ask yourself:

• Do I carry a balance?

  • If yes, rewards from a credit card can be wiped out by interest—KOHO Everything’s prepaid setup is safer.

• Where do I spend most?

  • Groceries, gas, recurring bills → category cards like Scotia Momentum or Tangerine can shine if you pay in full.

• Do I want simple, no debt rewards?

  • KOHO Everything gives you cash back + high interest + no FX fees while only spending what you’ve loaded.