The Best Cash Back Credit Cards for 2021
The Motley Fool Canada’s top cash back credit card picks at a glance:
- SimplyCash Preferred Card from American Express
- Scotia Momentum Visa Infinite Card
- Tangerine Money-Back Card
- CIBC Dividend Visa Infinite Card
- Rogers World Elite Mastercard
- TD Cash Back Visa Infinite Card
- SimplyCash Card from American Express
SimplyCash Preferred Card from American Express
Good for: Earning high cash back on all spending

Cash back
2% cash back on all spending
Welcome bonus
Earn 10% cash back for the first 4 months (up to $400 cashback)
Annual fee:
$99
Eligibility:
Credit rating: Very good
Scotia Momentum Visa Infinite Card
Good for: High cash back on groceries and recurring payments
Cash back
4% at grocery stores, recurring bill payments, and subscription purchases
2% on gas and daily transit
1% on everything else
Welcome bonus
Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). No annual fee in the first year, including on supplementary cards. (worth up to $350)
Annual fee:
$120
Eligibility:
Credit rating: Very good
Minimum income: $60,000 (individual), $100,000 (household) or $250,000 assets under management
Tangerine Money-Back Card
Good for: Earning cash back on select spending with no fee
Cash back
2% Money-Back Rewards in two categories of choice
0.5% Money-Back Rewards on everything else
Welcome bonus
None
Annual fee:
$0
Eligibility:
Credit rating: Good
Minimum income: $12,000
CIBC Dividend Visa Infinite Card
Good for: High cash back on gas and groceries
Cash back
4% on gas and groceries
2% on transportation, dining, and recurring payments
1% on everything else
Welcome bonus
10% cash back on first 4 statements (up to $2,000 in purchases) and 1st year annual fee rebated
Annual fee:
$120
Eligibility:
Credit rating: Very good
Minimum income: $60,000 (individual), $100,000 (household)
Rogers World Elite Mastercard
Good for: Cash back with no fee
Cash back
1.5% on regular purchases
3% on eligible purchases made in U.S. dollars (note 2.5% foreign transaction fee)
Welcome bonus
$25 cash back on first purchase within first 3 months
Annual fee:
$0
Eligibility:
Credit rating: Very good
Minimum income: $80,000 (individual), $150,000 (household)
TD Cash Back Visa Infinite Card
Good for: Bonus cash back on gas, groceries, and recurring payments
Cash back
3% on eligible grocery, gas, and recurring bill payments
1% on all other purchases
Welcome bonus
6% cash back on all purchases for first 3 months (up to a $2,000 in spending). Plus, no annual fee 1st year for main and supplementary cards.
Annual fee:
$120
Eligibility:
Credit rating: Very good
Minimum income: $60,000 (individual), $100,000 (household)
SimplyCash Card from American Express
Good for: Cash back with no fee
Cash back
1.25% cash back on all spending
Welcome bonus
2.5% cash back for first 3 months (up to $150 cash back)
Annual fee:
$0
Eligibility:
Credit rating: Very good
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