The best cash back credit card depends on your spending habits and which categories you use most often. There is no objective “best” cash back credit card, but you can find the right one for you by analyzing your buying habits and determining which categories you spend the most money in. At Ratehub, we like the CIBC Dividend Visa Infinite. This card offers the best rewards for everyday essentials, with a 1% earn rate for all purchases and an industry-leading 4% cash back on both groceries and gas purchases – two of the most common spending categories for Canadian households. Thanks to CIBC’s new Cash Back on demand feature, you can choose to redeem rewards any time, starting at just $10. 

The best cash back credit card with no annual fee is the SimplyCash Card from American Express. It’s a great option for users who want to earn cash back without paying an annual fee, offering competitive earn rates on everyday purchases and access to helpful Amex perks at no added cost.

Cash back credit cards are worth it when the rewards you earn outweigh any fees or interest you might pay. Cash back credit cards, especially those with a higher percentage, can earn you a significant sum over time, especially if you use your card regularly to pay for specific items or recurring bills. It’s important to pay off your bill in full every month, however, as growing debt can quickly overtake any benefits the card offers.