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Credit Cards
We’ve compared 11 of the top cash back credit cards available to Canadians, side by side. Star ratings shown reflect CompassNorth’s own comparison criteria, and every fee, reward rate and offer is sourced from each issuer’s own site.
The “Apply” buttons below link directly to each card issuer’s own site – these are not affiliate links, and CompassNorth earns no commission from this list. See our Affiliate Disclosure for pages where affiliate links are used.
Rewards
4% on groceries and recurring bills/subscriptions · 2% on gas, EV charging, transit, rideshare and food delivery · 1% on everything else.
Welcome Offer
15% cash back on all purchases for the first 3 months (up to $2,000 in purchases), plus the $120 annual fee waived in year one.
Income Needed
$60,000 individual or $100,000 household (or $250,000+ in assets under management).
Interest Rate
Purchases 20.99% · Cash advances 22.99% · annual fee $0 first year
Rewards
A flat 2% cash back on every purchase, no categories or spending caps to track.
Welcome Offer
5% cash back on purchases made in your first 30 days as a cardholder.
Income Needed
$80,000 individual or $150,000 household.
Interest Rate
Purchases 20.99% · Cash advances 22.99% · annual fee waived with Premium status or $4,000+ in monthly deposits
Rewards
A flat 2% cash back on every purchase, plus Wealthsimple's highest tier of airport lounge and travel perks.
Welcome Offer
5% cash back on purchases made in your first 30 days as a cardholder.
Income Needed
$150,000 individual or $200,000 household.
Interest Rate
Purchases 20.99% · Cash advances 22.99% · annual fee waived with Premium status or $4,000+ in monthly deposits
Rewards
2% cash back in 2 categories you choose (from 13 options), or a 3rd category free with a Tangerine Savings Account · 0.5% on everything else.
Welcome Offer
10% cash back for a limited time (up to $100), plus a promotional balance transfer rate.
Income Needed
$12,000 individual.
Interest Rate
Purchases 20.95% · Cash advances 22.95% · annual fee no annual fee, ever
Rewards
4% on restaurants, bars and coffee shops (up to $5,000/year in spend) · 1.5% on gas, groceries, drugstore and recurring bill payments (up to $15,000/year) · 0.5% on everything else.
Welcome Offer
20% cash back for a limited time (up to $500), plus a $50 bonus for setting up direct deposit.
Income Needed
$15,000 household.
Interest Rate
Purchases 20.99% · Cash advances 22.99% · annual fee no annual fee, ever
Rewards
5% on groceries (up to $1,000/month) · 4% on recurring bills (up to $500/month) · 3% on gas (up to $1,000/month) · 1% on everything else, plus up to 15% at Neo partner merchants.
Welcome Offer
First-year annual fee waived, plus a $100 welcome bonus.
Income Needed
$80,000 individual or $150,000 household.
Interest Rate
Purchases 19.99–26.99% · Cash advances 22.99–28.99% (based on creditworthiness) · annual fee $0 first year
Rewards
5% on food and drink (up to $1,000/month) · 3% on shopping (up to $1,000/month) · 1% on everything else, plus up to 15% at Neo partner merchants.
Welcome Offer
First-year annual fee waived, plus a $100 welcome bonus.
Income Needed
$80,000 individual or $150,000 household.
Interest Rate
Purchases 19.99–26.99% · Cash advances 22.99–28.99% (based on creditworthiness) · annual fee $0 first year
Rewards
4% on gas and groceries (groceries capped at $1,200/year in bonus spend) · 2% on everything else.
Welcome Offer
Up to $250 in bonus cash back in your first year.
Income Needed
No minimum income specified.
Interest Rate
Purchases 21.99% · Cash advances 21.99% · annual fee $9.99/month ($119/year in Quebec)
Rewards
1.5–2% cash back on everyday purchases · up to 3% on purchases in US dollars · bonus value when redeemed toward Rogers, Fido or Shaw bills.
Welcome Offer
Welcome offer varies by promotion — check Rogers Bank's site for the current offer.
Income Needed
$80,000 individual or $150,000 household.
Interest Rate
Purchases 21.99–25.99% · Cash advances 22.99–27.99% (based on creditworthiness) · annual fee no annual fee, ever
Rewards
5% on groceries (up to $500/statement period) · 4% on transit (up to $300) · 3% on gas (up to $300) · 2% on recurring bill payments (up to $500) · 1% on everything else.
Welcome Offer
Up to $650 in total value, including a cash bonus.
Income Needed
$80,000 individual or $150,000 household.
Interest Rate
Purchases 21.99% · Cash advances 23.99% · annual fee often waived with a promotional offer
Rewards
4% on gas, EV charging and groceries · 2% on transportation, dining, recurring payments and CIBC by Expedia travel · 1% on everything else (bonus rates apply to the first $80,000 in eligible annual spend).
Welcome Offer
Up to $350 in value: a 10% bonus on your first 4 statements (up to $200), a $50 pre-authorized payment bonus, and the $120 first-year fee waived.
Income Needed
$60,000 individual or $100,000 household.
Interest Rate
Purchases 20.99% · Cash advances 22.99% · annual fee $0 first year