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Credit Card Rankings – Cash Back

If you’re focused on a cash back card and spend more than $1,500 per month on your credit card, this table’s for you.

It’s the unbiased result of running thousands of spending scenarios through WhatBank’s Credit Card Engine. The top 10% are highlighted, the rest are in grey.

When we say “Cash Back” we mean traditional cash back cards, points cards that use statement credit as cash back, President’s Choice PC cards whose points are like cash at Loblaw’s affiliated stores, and points that can be used for Costco gift certificates. By doing this we can compare many different types of cards in one table.

Remember, these are averages. For a more precise and detailed credit card recommendation use WhatBank’s Credit Card Finder.

Cash Back Types
Type of Cash Back Abbreviation
Traditional Cash Back CB
Statement Credit or AIR MILES Cash Miles SC
PC Points or Costco Gift Certificates RW

Cash Back Cards
Monthly Credit Card Spend more than $1,500
Rank Card Name Type
1 American Express Cobalt SC
2 American Express SimplyCash Preferred CB
3 Scotiabank Gold American Express Card SC
4 PC Financial World Elite Mastercard RW
5 CIBC Dividend Visa Infinite CB
6 Scotia Momentum Visa Infinite CB
7 BMO eclipse Visa Infinite SC
8 PC Financial World Mastercard RW
9 CIBC Dividend Platinum Visa CB
10 TD Cash Back Visa Infinite CB
11 BMO CashBack World Elite Mastercard CB
12 TD First Class Travel Visa Infinite SC
13 American Express AIR MILES Platinum SC
14 American Express SimplyCash CB
15 PC Financial Mastercard RW
16 BMO AIR MILES World Elite Mastercard SC
17 RBC ION+ Visa SC
18 Scotiabank American Express SC
19 CIBC Costco Mastercard RW
20 Scotiabank Passport Visa Infinite SC
21 Scotia Momentum VISA CB
22 Tangerine Money-Back CB
23 Tangerine World MasterCard CB
24 RBC Cash Back Mastercard CB
25 RBC Cash Back Preferred World Elite Mastercard CB
26 BMO eclipse Visa Infinite Privilege SC
27 CIBC Dividend Student Visa CB
28 CIBC Dividend Visa CB
29 American Express Green SC
30 CIBC Aventura Visa Infinite SC
31 CIBC Aventura Gold Visa SC
32 BMO Ascend World Elite Mastercard SC
33 Scotiabank Platinum American Express SC
34 Scotiabank Scene+ Visa SC
35 American Express Platinum SC
36 BMO CashBack Mastercard CB
37 Students – BMO CashBack Mastercard CB
38 L’earn Visa CB
39 Scotiabank Scene+ Visa Card for Students SC
40 RBC ION Visa SC
41 RBC Avion Visa Infinite SC
42 Students – BMO AIR MILES Mastercard SC
43 CIBC Aventura Visa Infinite Privilege SC
44 RBC Avion Visa Platinum SC
45 Scotia Momentum No-Fee Visa CB
46 BMO AIR MILES Mastercard SC
47 TD Platinum Travel Visa SC
48 Scotia Momentum Mastercard CB
49 CIBC Aventura Visa SC
50 CIBC Aventura Student Visa SC
51 American Express AIR MILES Reserve SC
52 American Express AIR MILES SC
53 TD Cash Back Visa CB
54 BMO Rewards Mastercard SC
55 TD Rewards Visa SC
56 RBC Avion Visa Infinite Privilege SC