Best Cash Back Credit Cards in Canada This November 2025
The travel rewards credit card market has evolved significantly in recent years, with cash back options becoming increasingly sophisticated for Canadian consumers. Credit card choices now offer more competitive returns than ever before. According to the Canadian Bankers Association (CBA), 72% of Canadian credit card holders actively seek cards with the most attractive cash back rewards, making this guide crucial for maximizing financial benefits.
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Summary Table for Best Cash Back Credit Cards in Canada This November 2025
| Card | Annual Fee | Welcome Bonus | Best For | Apply |
|---|---|---|---|---|
|
CIBC Dividend® Visa Infinite Cash Back |
$120 (first year waived) | 10% cash back for first 4 months (up to $200) | Cash Back | Apply |
|
SimplyCash® Preferred Card from American Express Cash Back |
$119.88 | 10% cash back for first 3 months (up to $200) | Cash Back | Apply |
|
Scotiabank Momentum® VISA Infinite Cash Back |
$120 (first year waived) | 10% cash back for first 3 months (up to $200) | Cash Back | Apply |
|
TD Cash Back Visa Infinite Card Cash Back |
$139 (first year waived) | 10% cash back for first 3 months (up to $350) | Cash Back | Apply |
|
Tangerine World Mastercard® Cash Back |
$0 | 10% cash back for first 2 months (up to $100) | Cash Back | Apply |
|
Rogers Red World Elite® Mastercard® Cash Back |
$0 | No standard welcome bonus | Cash Back | Apply |
|
President's Choice Financial® World Elite Mastercard® Travel Rewards |
$120 (first year waived) | 20,000 PC Optimum points | Travel Rewards | Apply |
1. CIBC Dividend® Visa Infinite
The CIBC Dividend® Visa Infinite is a top-tier cash back credit card designed for consumers who spend heavily on gas, groceries, and everyday purchases. It offers an impressive cash back structure with exceptional rewards in key spending categories, making it an attractive option for budget-conscious cardholders.
CIBC Dividend® Visa Infinite
- No income requirements for Quebec residents
- First-year annual fee rebate
- Comprehensive cash back rewards program
- Flexible spending categories
Pros
- High cash back rates in key spending categories
- Attractive welcome bonus
- First-year annual fee rebate
- No strict income requirements
Cons
- Annual fee after first year
- Cash back may be capped in certain categories
- Requires good to excellent credit
Why is it Our Top Pick?
The CIBC Dividend® Visa Infinite stands out for its generous cash back rates, particularly in gas and grocery categories, offering up to 4% back. Its flexible rewards structure, combined with a valuable welcome bonus and first-year fee waiver, makes it an exceptional choice for everyday spending.
2. SimplyCash® Preferred Card from American Express
The SimplyCash® Preferred Card from American Express is a top-tier cash back credit card offering exceptional rewards with no complicated point systems. It provides a straightforward earning structure with competitive cash back rates across multiple spending categories.
- No income requirements
- Generous welcome bonus
- No limit on cash back earnings
- Additional $50 statement credit in 13th month
Pros
- High cash back rates
- No limit on cash back earnings
- Attractive welcome bonus
- Flexible rewards structure
Cons
- Annual fee
- Limited bonus categories
- Slightly higher interest rates
- American Express acceptance may be more limited
3. Scotiabank Momentum® VISA Infinite
The Scotiabank Momentum® VISA Infinite is a powerful cash back credit card that offers exceptional rewards for everyday spending, with an impressive 10% cash back welcome bonus and competitive ongoing rewards across key spending categories.
Scotiabank Momentum® VISA Infinite
- No annual fee in the first year
- Up to 1,200 airport lounge access
- Rental car insurance benefits
- Global travel assistance
Pros
- High cash back rates on everyday expenses
- First-year annual fee waived
- Comprehensive welcome bonus
- Flexible reward categories
Cons
- Annual spending cap on bonus categories
- High interest rates
- Requires minimum income of $60,000
- Limited travel insurance compared to some competitors
4. TD Cash Back Visa Infinite Card
The TD Cash Back Visa Infinite Card delivers robust cash back rewards across multiple spending categories, featuring an attractive welcome bonus and competitive 3% cash back on key everyday expenses like groceries, gas, and recurring payments.
TD Cash Back Visa Infinite Card
- Airport lounge access
- First-year annual fee rebate
- Visa Infinite benefits
- Additional cardholder option
Pros
- Competitive cash back rates
- Comprehensive welcome bonus
- First-year fee waived
- Versatile reward categories
Cons
- Higher annual fee compared to some competitors
- High interest rates
- Limited travel insurance
- Requires good to excellent credit
5. Tangerine World Mastercard®
The Tangerine World Mastercard offers a unique cash back rewards program with no annual fee, allowing cardholders to customize their earning categories and maximize savings on everyday purchases with flexibility and convenience.
Tangerine World Mastercard®
- No annual fee
- Customizable cash back categories
- No limit on cash back earnings
- Additional World Mastercard benefits
Pros
- No annual fee
- Flexible reward categories
- Easy to earn and redeem cash back
- Additional World Mastercard perks
Cons
- Requires $60,000 minimum personal income
- Limited travel insurance compared to premium cards
- Cash back limited to specific categories
6. Rogers Red World Elite® Mastercard®
The Rogers Red World Elite Mastercard offers an attractive no-annual-fee cash back program with higher rewards for Rogers/Fido/Shaw service customers, providing exceptional value for those within the Rogers ecosystem.
Rogers Red World Elite® Mastercard®
- No annual fee
- 5 free Roam Like Home days annually
- Complimentary Mastercard Travel Pass
- No foreign transaction fees
Pros
- Completely free credit card
- Competitive cash back rates
- No foreign transaction fees
- Additional Rogers service benefits
Cons
- Limited travel insurance coverage
- No standard welcome bonus
- Rewards primarily benefit Rogers ecosystem customers
7. President's Choice Financial® World Elite Mastercard®
The President's Choice Financial® World Elite Mastercard® offers a unique rewards program that allows cardholders to earn PC Optimum points across multiple shopping categories, with no annual fee in the first year and premium benefits for frequent shoppers.
President's Choice Financial® World Elite Mastercard®
- Out-of-province medical insurance
- Concierge service
- Car rental damage insurance
- 4 complimentary lounge visits per year
Pros
- No annual fee in first year
- High point-earning potential
- Premium travel and insurance benefits
- Versatile rewards program
Cons
- High interest rates after promotional period
- Limited value for infrequent PC store shoppers
- $120 annual fee after first year
Final Words
Selecting the ideal financial product ultimately depends on your individual goals, spending patterns, and financial situation. We recommend comparing the features and benefits of our top picks, then taking action to optimize your financial strategy for the current market conditions.
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Frequently Asked Questions: Best Cash Back Credit Cards in Canada This November 2025
What are the top cash back credit cards with highest rewards in Canada for 2025?
The CIBC Dividend® Visa Infinite and Scotiabank Momentum® VISA Infinite offer up to 4% cash back in key spending categories like groceries and gas.
How do I choose the best cash back credit card with no annual fee in Canada?
The Tangerine World Mastercard® offers customizable cash back categories with no annual fee and competitive rewards for everyday spending.
Which cash back credit card offers the highest welcome bonus in Canada this November?
The SimplyCash® Preferred Card from American Express provides new cardholders with a generous cash back bonus and up to 4% cash back on select purchases.
What are the minimum income requirements for top cash back credit cards in Canada?
Most premium cash back cards like the TD Cash Back Visa Infinite Card require a minimum household income of $60,000 to $80,000 annually.
How much can I actually save with cash back credit cards in Canada in 2025?
Depending on spending habits, Canadian cardholders can potentially save $300-$800 annually with strategic cash back credit card usage across multiple categories.