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Credit Card Rankings – Cash Back

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

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