Best Cash Back Credit Cards in Canada for August 2026

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $708 in annual rewards before fees and $513 in ongoing net value after quantified costs and benefits.

The downside: $120 annual fee; actual value depends on your spending and redemption choices

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• 4% Groceries and recurring payments
• 2% Gas, EV charging, transit and food delivery
• 1% Other purchases

• Earn 4% cash back on groceries and recurring payments, 2% on gas, EV charging, transit and food delivery, and 1% on other purchases.
• Scotiabank issuer annual-fee disclosure: $120
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $786 in annual rewards before fees and $611 in ongoing net value after quantified costs and benefits.

The downside: $100 annual fee; actual value depends on your spending and redemption choices

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• 4% Cash back Travel Groceries Gas General merchandise. Up to 4% cash back on purchases: 4% for groceries, 3% for restaurants, entertainment and alternative transportation, and 1% for all other purchases. The account is automatically credited when it accumulates $100 cash back. Conditions apply.

• Cash back Travel Groceries Gas General merchandise
• Up to 4% cash back on purchases: 4% for groceries, 3% for restaurants, entertainment and alternative transportation, and 1% for all other purchases. The account is automatically credited when it accumulates $100 cash back. Conditions apply.
• FCAC annual-fee disclosure: First card: $100.00 Second card: $30.00
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $600 in annual rewards before fees and $525 in ongoing net value after quantified costs and benefits.

The downside: Actual value depends on your spending and redemption choices

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• 2% Cash back. 2% Money-Back Rewards on purchases in two categories of your choice or Deposit your Rewards into a Tangerine Savings Account and get a third 2% Money-Back Category.

• Cash back
• 2% Money-Back Rewards on purchases in two categories of your choice or Deposit your Rewards into a Tangerine Savings Account and get a third 2% Money-Back Category.
• FCAC annual-fee disclosure: First card: No fee Second card: No fee
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $600 in annual rewards before fees and $525 in ongoing net value after quantified costs and benefits.

The downside: Actual value depends on your spending and redemption choices

Read our full review →

• 2% Cash back. 2% Money-Back Rewards on purchases in two categories of your choice or Deposit your Rewards into a Tangerine Savings Account and get a third 2% Money-Back Category.

• Cash back
• 2% Money-Back Rewards on purchases in two categories of your choice or Deposit your Rewards into a Tangerine Savings Account and get a third 2% Money-Back Category.
• FCAC annual-fee disclosure: First card: No fee Second card: No fee
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $804 in annual rewards before fees and $609 in ongoing net value after quantified costs and benefits.

The downside: $120 annual fee; actual value depends on your spending and redemption choices

Read our full review →

• 4% Cash back. Cash back is applied as a credit to your account annually and will appear on the statement issued in September of each year.

• Cash back
• Cash back is applied as a credit to your account annually and will appear on the statement issued in September of each year.
• FCAC annual-fee disclosure: First card: $119.88 Second card: No fee
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $563 in annual rewards before fees and $488 in ongoing net value after quantified costs and benefits.

The downside: Actual value depends on your spending and redemption choices

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• 3% Earn 1.5%-3% cash back, depending on card tier, purchase currency and eligible Rogers services.

• Earn 1.5%-3% cash back, depending on card tier, purchase currency and eligible Rogers services.
• Rogers Bank issuer annual-fee disclosure: $0
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $600 in annual rewards before fees and $405 in ongoing net value after quantified costs and benefits.

The downside: $495 annual fee; actual value depends on your spending and redemption choices

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• 2% Earn 2% cash back on eligible purchases globally, with no foreign transaction fee.

• Earn 2% cash back on eligible purchases globally, with no foreign transaction fee.
• Rogers Bank issuer annual-fee disclosure: $495
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $588 in annual rewards before fees and $374 in ongoing net value after quantified costs and benefits.

The downside: $139 annual fee; actual value depends on your spending and redemption choices

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• 3% Groceries, gas, EV charging, public transit, recurring bills and streaming
• 1% Other purchases

• Earn 3% cash back on groceries, gas, EV charging, public transit, recurring bills and streaming, and 1% on other purchases.
• TD Bank issuer annual-fee disclosure: $139
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $600 in annual rewards before fees and $360 in ongoing net value after quantified costs and benefits.

The downside: $240 annual fee; actual value depends on your spending and redemption choices

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• 2% Earn 2% cash back on eligible purchases.

• Earn 2% cash back on eligible purchases.
• Wealthsimple issuer annual-fee disclosure: $240 per year ($20 monthly outside Quebec); waived for eligible clients
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $600 in annual rewards before fees and $360 in ongoing net value after quantified costs and benefits.

The downside: $240 annual fee; actual value depends on your spending and redemption choices

Read our full review →

• 2% Earn 2% cash back on eligible purchases.

• Earn 2% cash back on eligible purchases.
• Wealthsimple issuer annual-fee disclosure: $240 per year ($20 monthly outside Quebec); waived for eligible clients
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $890 in annual rewards before fees and $420 in ongoing net value after quantified costs and benefits.

The downside: $395 annual fee; actual value depends on your spending and redemption choices

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• 4% Cash back Travel Groceries Gas General merchandise. Up to 4% of purchases redeemed for BONUSDOLLARS rewards: 4% for restaurants, entertainment and alternative transportation, 3% for groceries and travel and 1.75% for all other purchases. Accumulated BONUSDOLLARS can be redeemed for cash back on the account or in eligible categories (travel, alternative transportation, restaurants, entertainment, donations, gift cards, Desjardins financial products and services). Conditions apply.

• Cash back Travel Groceries Gas General merchandise
• Up to 4% of purchases redeemed for BONUSDOLLARS rewards: 4% for restaurants, entertainment and alternative transportation, 3% for groceries and travel and 1.75% for all other purchases. Accumulated BONUSDOLLARS can be redeemed for cash back on the account or in eligible categories (travel, alternative transportation, restaurants, entertainment, donations, gift cards, Desjardins financial products and services). Conditions apply.
• FCAC annual-fee disclosure: First card: $395.00 Second card: $95.00
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $300 in annual rewards before fees and $300 in ongoing net value after quantified costs and benefits.

The downside: Actual value depends on your spending and redemption choices

Read our full review →

• 1% 1% cash back

• 1% cash back
• Home Trust issuer annual-fee disclosure: $0
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT