The search for Cashback credit card promotions is the starting point for anyone who wants to make their money yield more.
Cashback cards are not just payment tools. They are a mechanism to get back a part of what you spend daily. We will analyze these promotions and understand how they fit into your financial lifestyle.
The offers for cashback credit card promotions vary greatly. Some focus on initial bonuses, while others promise higher returns in specific spending categories, such as supermarkets or gas.
In this article, you will learn to compare the essential features of the main cashback credit cards, focusing on fees, bonus categories, and exclusive benefits. We will cover the available options, the nuances of each, and the best strategies for you to make the most of Cashback credit card promotions.
03 Types of Cashback Cards on the Market
Cashback credit card promotions are not uniform.
There are three main types, each catering to a different consumer profile. Let’s look at the main ones:
- Bonus Category Cards: These are the most common and offer higher rates in specific spending areas, such as supermarkets, gas stations, electric vehicle charging, public transport, or streaming services;
- Flat Rate Cards: Pay the same percentage on all purchases, without distinction of category. Rates generally range between 0.5% and 2%. They are ideal for those with a mixed spending pattern and who do not want to manage categories.
- Flexible Category Cards: Allow the cardholder to choose the bonus category or offer personalized rewards based on the user’s purchase history.
Detailed Analysis of Cards with a Focus on Cashback
To make the best decision about which Cashback credit card promotions deserves your attention, let’s analyze the details and benefits that go beyond the return rate.
1. TD Cash Back Visa Infinite (Cashback Credit Card Promotions)
This card from Toronto-Dominion Bank is a strong contender among Cashback credit card promotions for being well-balanced.
Initially, it offers 3% cashback across a wide range of categories: supermarkets, gas stations, electric vehicle charging, public transport, and recurring bills (like streaming and games). For all other purchases, the return is 1%.
Furthermore, its welcome bonus is generous, potentially reaching up to $600 in the first year, including a free annual fee and 10% cashback on the first $3,500 in purchases.
In addition to the financial return, you will have an insurance package, such as emergency medical coverage on trips of up to $2 million for 10 days. Not to mention car rental insurance and insurance for new mobile devices up to $1,000.
2. Rogers Red World Elite Mastercard
The main appeal of this card from Rogers Bank is the fact that it has zero annual fee, making it one of the most accessible Cashback credit card promotions.
Initially, the cashback is 2% for Rogers, Fido, or Shaw customers on all eligible purchases, and 1.5% for non-customers.
The differential that truly stands out is the 3% return on purchases made in US dollars. In fact, for those who travel or make many international purchases, this percentage is excellent.
3. BMO CashBack World Elite Mastercard (Cashback Credit Card Promotions)
The Bank of Montreal (BMO) presents a card with a very high focus on essential spending. It offers:
- 5% cashback on supermarkets;
- 4% on transport (public, rideshares, and taxis);
- 3% on fuel/EV charging.
This is one of the highest returns for supermarkets on the market, making it ideal for families or individuals with large weekly expenses in this sector.
The welcome bonus is attractive, with up to 10% cashback in the first three months. Plus a $75 bonus when you spend $25,000 in the first year. In addition to the $120 annual fee waiver.
4. CIBC Dividend Visa Infinite
This card from the Canadian Imperial Bank of Commerce (CIBC) is a strong option for those who prioritize mobility.
Firstly, the cashback credit card promotions offer 4% cashback on fuel, electric vehicle charging, and supermarkets.
You will also get a 2% return on restaurants, transport, and recurring bills, and 1% on other purchases. The welcome bonus exceeds $400.
5. Neo World Elite Mastercard
Neo Financial, a fintech founded in 2019, is fully digital and flexible to Cashback credit card promotions. Its rates are aggressive:
- 5% on supermarkets;
- 4% on recurring bills;
- 3% on gas.
The difference with Neo is the possibility of earning up to 2% extra cashback by adding funds to your Neo Everyday account or by joining a Premium plan.
The initial bonus is 15% on the first purchases in its network of thousands of partners, which is great for larger purchases right at the beginning.
6. Scotiabank Momentum Visa Infinite (Cashback Credit Card Promotions)
Scotiabank offers a card with an extremely robust insurance package and excellent return rates on recurring expenses.
The card gives 4% cashback on supermarket purchases and on recurring bills (such as utility bills, cable TV, or internet). The return is 2% on gas and daily transport, and 1% on other purchases.
The insurance coverage is one of the main attractions of the Scotiabank Momentum. It includes emergency medical insurance, trip cancellation/interruption insurance, flight delay insurance, and lost baggage insurance.
The welcome bonus can reach $300 or more.
Comparison of cashback credit card promotions
Below, we present a data-focused analysis of the main cashback credit cards in Canada in 2025, serving as an excellent benchmark for those looking for Cashback credit card promotions with high value.
| Card | Annual Fee (CAD) | Purchase Interest Rate | Main Cashback Categories | Welcome Bonus |
| TD Cash Back Visa Infinite * | $139 (waived in 1st year) | 22.99% | 3% on groceries, gas, transit, subscriptions; 1% on others | Up to $600 (10% on first $3,500) |
| Rogers Red World Elite Mastercard | $0 | 20.99%–25.99% | 2% on purchases (Rogers customers); 3% on US dollar purchases | No welcome bonus |
| BMO CashBack World Elite Mastercard | $120 | 21.99% | 5% on groceries, 4% on transit, 3% on fuel | 10% in first 3 months + $75 bonus (after spending $25,000) |
| CIBC Dividend Visa Infinite | $120 | 20.99% | 4% on fuel, EV charging, and groceries; 2% on restaurants | Bonus over $400 |
| Neo World Elite Mastercard | $125 | 19.99%–29.99% | 5% on groceries, 4% on recurring bills, 3% on gas | 15% on first purchases in partner network |
| Scotiabank Momentum Visa Infinite | $120 | 20.99% | 4% on groceries and recurring bills, 2% on gas and transit | Bonus of up to $300 or more |
Conclusion (Cashback Credit Card Promotions)
We have detailed the main Cashback credit card promotions, focusing on the crucial points, which are:
- Annual fees.
- Interest;
- Return percentage in your most frequent spending categories.
Firstly, the TD Cash Back Visa Infinite is strong in insurance and initial bonus. The BMO CashBack World Elite and the Neo World Elite are better for supermarket cashback, and the Rogers Red World Elite is good if you don’t want an annual fee and make purchases in US dollars.
If you have already identified your main monthly expenses (supermarket, gas, recurring bills), now is the time to act. Compare the annual cashback potential of each card with the annual fee and insurance benefits.
Apply for the card that best suits your profile and start seeing your money return, according to your life. Many of these cards are applied for online, so it’s important to know how to apply for a credit card online.