Skip to main content
Ratehub logo
Ratehub logo

Best Visa Credit Cards for Cash Back

Cash-back credit cards are a great addition to your wallet. Simply by using your credit card, you’ll earn a portion of your spending back.

Typically, cash-back credit cards will award you anywhere from 1% to 4% cash back on all your purchases. Some cards will provide you cash back in the form of a credit to your statement annually while others will deposit the cash into a savings account.

If you’re currently using a credit card for your purchases, you should definitely consider maximizing your benefits by earning cash back as you spend. Note that cash-back cards typically have high interest rates so you shouldn’t carry a monthly balance. It’s also common for cash back cards to have an annual fee.

In order to fully take advantage of your cash-back card, it’s important to use it often in order to maximize points and to also always pay off your monthly balance.

There are a variety of cash-back credit card options. Most Visa credit cards offer excellent cash-back rates. Here’s a look at some of the best credit cards for cash back:

  • Featured

    Scotia Momentum® VISA Card

    Get a 2.99% introductory interest rate on purchases and balance transfers for the first 6 months (19.99% on purchases/22.99% on cash advances including balance transfers after that; annual fee $39). Offer ends October 31, 2025.

    check eligibility

Card details

  • No annual fee in the first year, including on supplementary cards. Offer ends January 1, 2022.
  • Earn up to 4% cash back
  • Access to Visa Infinite privileges

The Scotia Momentum Visa Infinite card offers a number of opportunities to earn cash back. First, you can earn 4% cash back on the first $25,000 on eligible grocery and gas purchases. You’ll also earn 2% cash back on the first $25,000 on drug store purchases and recurring bills per year. Finally, you’ll receive 1% on all other purchases.

CIBC Dividend Platinum Visa Card

Apply Now Button-small

  • $99 annual fee
  • Welcome offer: Get a first-year annual fee rebate for you and up to three Authorized Users † and 10% cash back for the first 4 statements on net purchases of up to $2500.†
  • Earn up to 4% cash back
  • Includes select travel and purchase insurance benefits

If you’re looking for a cash-back card and spend most of your money on gas and groceries, the CIBC Dividend Platinum Visa Card is a great option for you. You’ll earn 4% cash back on all gas and grocery purchases, 2% cash back on Tim Hortons and Telus purchases, and 1% cash back on everything else. This card has an annual fee of $99. It also includes a number of additional benefits including travel medical insurance, rental car insurance, purchase assurance, extended warranty insurance, and zero liability protection.

Also read:

Flickr: KMR Photography