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 |