Cash Back Credit Cards

Cash Back credit cards offer great incentives for the savvy spender. For every dollar you spend, you receive a certain portion back in the form of cash rewards – generally around 1% of your purchases. Look for cards that offer percentage bonuses in shopping categories that match your spending habits. Cash Back reward cards are best suited for people who use their credit card for everyday purchases, but pay off the balance each month.

  • Choose a cash back card if you want a simple, no hassle rewards program.
  • Take advantage of bonuses that allow you to earn more cash back in select spending categories. These bonuses can really add up!
  • Choose a low rate card if you plan on carrying a monthly balance or are financing a major purchase.
Showing 8 - 14 of 14 cards | View All
  • Promotional rate: Earn 4% Money-Back Rewards in up to 3 Categories for 3 Months* with the new Tangerine World Mastercard. (new clients only)
  • Personalized categories and unlimited money-back rewards monthly
  • Automatic earning: Money-Back Rewards are earned automatically on everyday purchases and paid monthly. These can be applied to your Credit Card balance or redeemed into your Savings Account.
  • No annual fee
  • After promotional period, 2% cashback on your choice of up to 3 categories, 0.5% money back on all other purchases
  • Change your 2% Money-back categories to suit your spending from your choice of 10 categories
  • 1.95% on Balance Transfers for six months
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Annual Fee Purchase APR Balance Transfer APR Cash Advance APR
$0 19.95% 1.95% on Balance Transfers for six months 19.95%
Tangerine World Mastercard®
  • Promotional rate: Earn 4% Money-Back Rewards in up to 3 Categories for 3 Months* with the new Tangerine World Mastercard. (new clients only)
  • Personalized categories and unlimited money-back rewards monthly
  • Automatic earning: Money-Back Rewards are earned automatically on everyday purchases and paid monthly. These can be applied to your Credit Card balance or redeemed into your Savings Account.
  • Full credit card details
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Annual Fee:
$0
APR:
19.95%
Balance Transfer:
1.95% on Balance Transfers for six months
Cash Advance:
19.95%
Apply Now
Scotiabank GM VISA Infinite Card
  • First year annual fee waived◊
  • Get closer to your new car with up to 5% in GM Earnings
  • Earn 5% in GM Earnings on the first $10,000 spent annually, and 2% thereafter
  • $1 in GM Earning = $1 off the purchase price or lease of a new Chevrolet, Buick, GMC, or Cadillac
  • No earning or redemption caps
  • Earnings do not expire
  • Enjoy the same great rewards in 5 unique designs
  • Travel with peace of mind with VISA Infinite benefits, including Travel Medical Insurance, Rental Car Insurance, Trip Interruption Insurance, and more
  • Purchase Security and Extended Warranty
  • Rates, fees and other information are effective as of August 1, 2019. Subject to change.

◊ Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank retail credit card in the past 2 years, including those that switch from an existing Scotiabank retail credit card, as well as employees of Scotiabank, are not eligible for the first year annual fee waived offer (the “Offer”). Subject to the above exclusions, Scotiabank small business credit cardholders are eligible for the Offer.

Offer Description and Conditions: We will waive the initial annual fee for the primary card and each additional supplementary card for the first year (the “Offer”). Offer applies to new Scotiabank credit card account (“Accounts”) only that are opened by March 1, 2020. Any additional supplementary cards must be issued by March 1, 2020 to qualify for the Offer.

Rates and Fees: The current annual fee is $79 for the primary card and $39 for each additional supplementary card.
The current preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). All rates, fees, features and benefits are subject to change. Offers may be changed, cancelled or extended and cannot be combined with any other offers.

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Annual Fee Purchase APR Balance Transfer APR Cash Advance APR
First year free then $79 19.99% 22.99% 22.99%
Scotiabank GM VISA Infinite Card
Scotiabank® GM®* Visa Infinite* Card
  • First year annual fee waived◊
  • Get closer to your new car with up to 5% in GM Earnings
  • Earn 5% in GM Earnings on the first $10,000 spent annually, and 2% thereafter
  • Full credit card details
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Annual Fee:
First year free then $79
APR:
19.99%
Balance Transfer:
22.99%
Cash Advance:
22.99%
Apply Now
Scotiabank GM VISA Card
  • Get closer to your new car with up to 5% in GM Earnings
  • Earn 5% in GM Earnings on the first $5,000 spent annually, and 2% thereafter
  • $1 in GM Earning = $1 off the purchase price or lease of a new Chevrolet, Buick, GMC, or Cadillac
  • Earnings do not expire
  • No earning or redemption caps
  • Enjoy the same great rewards in 5 unique designs
  • Rates, fees and other information are effective as of August 1, 2019. Subject to change.
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Annual Fee Purchase APR Balance Transfer APR Cash Advance APR
$0 19.99% 22.99% 22.99%
Scotiabank GM VISA Card
Scotiabank® GM®* VISA* Card
  • Get closer to your new car with up to 5% in GM Earnings
  • Earn 5% in GM Earnings on the first $5,000 spent annually, and 2% thereafter
  • $1 in GM Earning = $1 off the purchase price or lease of a new Chevrolet, Buick, GMC, or Cadillac
  • Full credit card details
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Annual Fee:
$0
APR:
19.99%
Balance Transfer:
22.99%
Cash Advance:
22.99%
Apply Now
Scotia Momentum VISA Infinite Card
  • First year annual fee waived1
  • 4% on eligible recurring bill payments and grocery store purchases
  • 2% on eligible gas station and daily transit purchases
  • 1% cash back on all other eligible everyday purchases
  • Complimentary Concierge Services 24/7
  • Visa Infinite Dining Series
  • Visa Infinite Music Series
  • Wine Country Wonders
  • Luxury Hotel Privileges
  • Comprehensive Travel Insurance & New Mobile Device Insurance coverage
  • Rates, fees and other information are effective as of August 1, 2019. Subject to change.

1 Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank retail credit card in the past 2 years, including those that switch from an existing Scotiabank retail credit card, as well as employees of Scotiabank, are not eligible for the first year annual fee waiver offer (the “Offer”). Subject to the above exclusions, Scotiabank small business credit cardholders are eligible for the Offer.

Offer Description and Conditions: We will waive the initial annual fee for the primary card and each additional supplementary card for the first year. Offer applies to new Scotiabank credit card accounts (“Accounts”) only that are opened by December 30, 2019. Any additional supplementary cards must be issued by December 30, 2019 to qualify.

Rates and Fees: The current annual fee is $120 for the primary card and $50 for each additional supplementary card. The current preferred annual interest rates for the Account are: 20.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). All rates, fees, features and benefits are subject to change. Offers may be changed, cancelled or extended and cannot be combined with any other offers.

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Annual Fee Purchase APR Balance Transfer APR Cash Advance APR
First year free, then $120 20.99% 22.99% 22.99%
Scotia Momentum VISA Infinite Card
Scotia Momentum® VISA Infinite* Card
  • First year annual fee waived1
  • 4% on eligible recurring bill payments and grocery store purchases
  • 2% on eligible gas station and daily transit purchases
  • Full credit card details
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Annual Fee:
First year free, then $120
APR:
20.99%
Balance Transfer:
22.99%
Cash Advance:
22.99%
Apply Now
  • New SimplyCash™ Preferred Card from American Express Cardmembers can earn 10% cash back on all eligible purchases (up to $400 cash back) for the first 4 months of Cardmembership
  • Earn 2.0% cash back when your Welcome Rate ends
  • No limit to the amount of cash back you can earn after your Welcome Rate ends
  • Access to memorable experiences with American Express Invites®
  • Extensive insurance coverage and 24/7 Customer Service
  • The preferred rate for purchases is 19.99% and funds advances is 21.99%. If you have Missed Payments, the applicable rates for your account will be 23.99% and/or 26.99%
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Offer subject to change without notice. Conditions apply.
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Annual Fee Purchase APR Balance Transfer APR Cash Advance APR
$99 19.99% N/A 21.99%
SimplyCashTM Preferred Credit Card from American Express
  • New SimplyCash™ Preferred Card from American Express Cardmembers can earn 10% cash back on all eligible purchases (up to $400 cash back) for the first 4 months of Cardmembership
  • Earn 2.0% cash back when your Welcome Rate ends
  • No limit to the amount of cash back you can earn after your Welcome Rate ends
  • Full credit card details
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Annual Fee:
$99
APR:
19.99%
Balance Transfer:
N/A
Cash Advance:
21.99%
Apply Now
Tim Hortons Rewards Visa Card
  • $20 Tim Cash™ welcome bonus
  • 1% back in Tim Cash™ on all qualifying purchases
  • No annual fee
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Annual Fee Purchase APR Balance Transfer APR Cash Advance APR
$0 19.99% 22.99% 22.99%
Tim Hortons Rewards Visa Card
Tim Hortons® Double Double™ Visa* Card
  • $20 Tim Cash™ welcome bonus
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Annual Fee:
$0
APR:
19.99%
Balance Transfer:
22.99%
Cash Advance:
22.99%
Apply Now
CIBC Dividend Visa Infinite
  • 4% cash back on gas and groceries, 2% on Tim Hortons® and TELUS® purchases and 1% on everything else
  • No limit on the cash back you can earn
  • Comprehensive insurance benefits, including Out-of-Province Emergency Travel Medical Insurance (first 15 days, age 64 or under)
  • Enjoy the benefits of the Visa Infinite program, including access to luxury worldwide travel and hotels
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Annual Fee Purchase APR Balance Transfer APR Cash Advance APR
$99 19.99% 22.99% 22.99%
CIBC Dividend Visa Infinite
CIBC Dividend® Visa Infinite* Card
  • 4% cash back on gas and groceries, 2% on Tim Hortons® and TELUS® purchases and 1% on everything else
  • No limit on the cash back you can earn
  • Comprehensive insurance benefits, including Out-of-Province Emergency Travel Medical Insurance (first 15 days, age 64 or under)
  • Full credit card details
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Annual Fee:
$99
APR:
19.99%
Balance Transfer:
22.99%
Cash Advance:
22.99%
Apply Now

How to choose the best cash back card

The key to getting the right credit card is to make sure the card works for you, not against you. For example, if you have a habit of carrying a monthly balance then it's advisable to choose a card with a low interest rate. Generally, rewards cards and cash back cards do not have low interest rates. However, if you pay off your balance every month then using a rewards card can actually add to your bottom line.

Cash back credit cards offer a no-hassle way to earn rewards on all your purchases. There's no points to keep track of and you can always get exactly what you want with cash. As the saying goes, "cash is king."

When evaluating cash back credit cards, there’s a few key points to pay attention to:

  • Introductory offers: Some cards offer additional cash back earning potential for a limited time. Plan your large purchases during these intro periods to maximize your cash back earnings.
  • Special categories: Getting a cash back card that rewards your spending habits is key. Some cards offer increased cash back earnings in select categories such as gasoline or groceries. Others allow you to choose the categories that work best for you. Analyze your spending to take advantage of thee benefits.
  • Cash back percentage: Your cash back earnings are based on a percentage of your monthly spend on the card. A 1% earnings rate is common, but can be as high as 5% for special offers or premium cards. If there's an annual fee attached, make sure the cash back (and your spending habits) will outweigh the fee.

Choosing the best cash back credit card depends on your spending habits and goals. Take advantage of special offers and spending categories. Remember rewards based cards generally do not have low interest rates so don't carry a monthly balance on them.