The Best Credit Cards for Dining Out + MORE Jan 3rd

The concept behind cash back credit cards is very easy to understand. You get a small percentage back on purchases you make with the card, and the reward comes in the form of cash back, meaning money. The beauty of this system is that cash back rewards are flexible and you can spend them on anything you want.
No two cash back credit cards are identical so you need to consider the annual fee, earn rate, how much your charge to your card and any additional benefits before you apply. To help you pick the right card we’ve put together a list of what the top options have to offer based on different categories.
The best cash back credit cards in Canada 2020

Scotia Momentum Visa Infinite — Best overall cash back card
Meridian Visa Infinite Cash Back — Best for groceries and gas
The SimplyCash Preferred Card from American Express — Best flat-rate cash back
Tangerine Money-Back Card — Best no fee cash back with bonus categories
Rogers World Elite Mastercard — Best no fee cash back card
TD Cash Back Visa Infinite Card — Honourable mention
Cash back versus travel credit cards— Which rewards card makes sense for you
More on the best credit cards — View a complete list of top cards by category
Our methodology — For greater insight into our rankings

Best cash back credit card
Scotia Momentum Visa Infinite*
The Scotia Momentum Visa Infinite is a strong cash back card that offers competitive perks and rewards and comes with an excellent welcome offer…

If you’re looking for a card that delivers top rewards without an annual fee, look no further. In exchange for slightly lower earn rates, these no-annual-fee cards still get you perks on what you spend. So whether it’s cash back that you want, no foreign transaction fees or generous travel points, these no fee credit cards offer gold-plated options.
The best no fee credit cards in Canada 2020

Tangerine Money-Back Credit Card — Best for cash back
MBNA Rewards Platinum Plus — Best for travel points
Rogers World Elite Mastercard — Best earn rate on foreign purchases
Home Trust Preferred Visa — Best for no foreign transaction fees
MBNA True Line Mastercard– Best for low interest and balance transfers
BMO CashBack Mastercard – Best for students
SimplyCash from American Express – Best flat-rate cash back
PC Financial World Elite Mastercard — Best retail or store card
Advantages of a no fee card — Learn why a no fee card might work for you
Canada’s best no fee credit cards — rewards overview
More on the best credit cards — View a complete list of top cards by category
Our methodology — For greater insight into our rankings

Best card for cash back
Tangerine Money-Back*
With its competitive cash back and flexible spending categories, the Tangerine Money-Back Mastercard serves up a sweet deal…

The year 2020 may bring new resolutions, promises to hit the gym, and positive aspirations for the start of the decade. It also comes with rising housing expenses, gas costs, and food prices. But don’t let that bring you down. With a rewards credit card, you can earn points or money back just by spending how you already do. This may allow you to treat yourself to the things that you love without breaking the bank.
If you love sampling new restaurants and trying tasty treats, you can do that a little bit easier with one of our four favourite credit cards for dining out.
Our Favourite Picks

American Express CobaltTM Credit Card: This card is ideal for the person who wants to reward themselves with dining out, by dining out! Earn five times (5%) the rewards on eats and drinks and use your rewards for almost anything.
Scotiabank®* Gold American Express® Card: Earn five times rewards (5%) with your restaurant, fast food, food delivery, food subscription, drinking establishment, and grocery purchases…