Best MBNA Cash Back Credit Cards in Canada

Are you tired of using cash or debit for everything and earning no rewards? With a cash back credit card, you can actually get back a percentage of every dollar you spend on your card. Use our cash back credit card comparison chart below to find/apply for one of the best cash back credit cards in Canada.

Credit Cards that are eligible for a promotional offer are marked throughout the comparison chart with a promotional offer icon such as or . Click this box to show only Credit Cards that contain free promotional offers. For gift card FAQs and Terms & Conditions click here.
Some credit cards come with an annual fee and some do not. The general rule for this is that the greater the rewards, the larger the annual fee. The annual fee is charged once per year and is added to your credit card statement. If you don't mind paying an annual fee, select I don't mind. If you'd prefer not to pay to use a credit card, select None. Some rewards credit cards have an annual income requirement. Enter either your personal or household annual income here, as it may affect which credit cards you are able to apply for.

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What type of rewards do you want to earn for every dollar you spend? Is cash back important to you? Would you prefer gift cards or store credit? What about free flights and hotels? Think about what's most important to you and what would help your budget the most, then look for the best cards to offer that reward. Do you have a preference of whether you want a Visa, MasterCard or American Express card? Select which network you'd prefer, or select "All" if you don't have a preference.
There are a number of lenders and companies that issue credit cards - and they aren't just financial institutions. If you would prefer to get a credit card from one specific credit card issuer, choose the one you want. Otherwise, select All banks. Most credit cards have a minimum credit score requirement. Select your credit score to filter your credit card results based on your credit score and which cards you are most likely to be approved for. If you aren’t sure what your credit score is, select “Not sure”, and your results will be filtered without taking your credit score in to account. There are many different credit card reward programs available. If you have a preferred reward program, such as Aeroplan Miles, select your choice using the dropdown. Note that each card only uses one reward program. Enter the dollar amount you spend each month on your credit card. Edit your monthly spend by each spending category in the 'monthly spending by category' tab below.

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Some credit cards come with an annual fee and some do not. The general rule for this is that the greater the rewards, the larger the annual fee. The annual fee is charged once per year and is added to your credit card statement. If you don't mind paying an annual fee, select I don't mind. If you'd prefer not to pay to use a credit card, select None. Some rewards credit cards have an annual income requirement. Enter either your personal or household annual income here, as it may affect which credit cards you are able to apply for.

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Do you carry a balance on your credit card each month? This isn't how much you spend on your card, but how much you typically carry over into a new month. If so, write that amount here, so we can calculate how much interest you'll be charged.

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There are a number of lenders and companies that issue credit cards - and they aren't just financial institutions. If you would prefer to get a credit card from one specific credit card issuer, choose the one you want. Otherwise, select All banks. Most credit cards have a minimum credit score requirement. Select your credit score to filter your credit card results based on your credit score and which cards you are most likely to be approved for. If you aren’t sure what your credit score is, select “Not sure”, and your results will be filtered without taking your credit score in to account. Do you have a preference of whether you want a Visa, MasterCard or American Express card? Select which network you'd prefer, or select "All" if you don't have a preference.
Some credit cards come with an annual fee and some do not. The general rule for this is that the greater the rewards, the larger the annual fee. The annual fee is charged once per year and is added to your credit card statement. If you don't mind paying an annual fee, select I don't mind. If you'd prefer not to pay to use a credit card, select None. Some rewards credit cards have an annual income requirement. Enter either your personal or household annual income here, as it may affect which credit cards you are able to apply for.

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Do you have a preference of whether you want a Visa, MasterCard or American Express card? Select which network you'd prefer, or select "All" if you don't have a preference.
There are a number of lenders and companies that issue credit cards - and they aren't just financial institutions. If you would prefer to get a credit card from one specific credit card issuer, choose the one you want. Otherwise, select All banks. Most credit cards have a minimum credit score requirement. Select your credit score to filter your credit card results based on your credit score and which cards you are most likely to be approved for. If you aren’t sure what your credit score is, select “Not sure”, and your results will be filtered without taking your credit score in to account. If you are currently carrying a balance on another credit card, you may want to take advantage of a balance transfer promotional offer with one of the credit cards listed below. Enter the amount you would transfer to the new card, to find out what the promotional interest rate and period are.

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Some credit cards come with an annual fee and some do not. The general rule for this is that the greater the rewards, the larger the annual fee. The annual fee is charged once per year and is added to your credit card statement. If you don't mind paying an annual fee, select I don't mind. If you'd prefer not to pay to use a credit card, select None. Do you have a preference of whether you want a Visa, MasterCard or American Express card? Select which network you'd prefer, or select "All" if you don't have a preference.
There are a number of lenders and companies that issue credit cards - and they aren't just financial institutions. If you would prefer to get a credit card from one specific credit card issuer, choose the one you want. Otherwise, select All banks. Most credit cards have a minimum credit score requirement. Select your credit score to filter your credit card results based on your credit score and which cards you are most likely to be approved for. If you aren’t sure what your credit score is, select “Not sure”, and your results will be filtered without taking your credit score in to account.
Monthly spending by category
Monthly spending by category

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Credit card Purchase interest rate Balance transfer rate Annual fee Net reward (1st year) Monthly interest fee Monthly interest fee Required deposit Min. required income
19.97%
Cash advance 22.97%
$ 0 $180 Get details
19.99%
Cash advance 22.99%
$ 0 $325 Get details
19.99%
Cash advance 22.99%
$ 120 $432 Get details
19.99%
Cash advance 22.99%
$ 99 $915 Get details
30% $ 250 $180 Get details
19.99%
Cash advance 22.99%
$ 30 $231 Get details
19.99%
Cash advance 24.99%
$ 0 $190 Get details
19.99%
Cash advance 22.99%
$ 99 $101 Get details
19.99%
Cash advance 21.50%
$ 0 $ Get details
19.99%
Cash advance 22.99%
$ 99 $ Get details
19.99%
Cash advance 21.99%
$ 119 $421 Get details
19.9%
Cash advance 19.99%
$ 0 $ Get details
30% $ 150 $532 Get details
19.99%
Cash advance 22.99%
$ 0 $127 Get details
30% $ 180 $-35 Get details
19.5%
Cash advance 21.99%
$ 49 $ Get details
19.99%
Cash advance 22.99%
$ 65 $357 Get details
19.99%
Cash advance 22.99%
$ 120 $ Get details
19.5%
Cash advance 21.99%
$ 0 $ Get details
19.99%
Cash advance 21.99%
$ 0 $175 Get details
19.99%
Cash advance 21.99%
$ 65 $ Get details
19.9%
Cash advance 19.90%
$ 30 $ Get details
19.99%
Cash advance 22.99%
$ 0 $ Get details
30% $ 699 $26 Get details
19.99%
Cash advance 22.99%
$ 0 $169 Get details
19.99%
Cash advance 22.99%
$ 0 $161 Get details
19.99%
Cash advance 22.99%
$ 0 $ Get details
19.99%
Cash advance 21.99%
$ 42 $ Get details
19.99%
Cash advance 24.99%
$ 0 $90 Get details
19.99%
Cash advance 22.99%
$ 125 $145 Get details
19.99%
Cash advance 21.99%
$ 39 $249 Get details
19.99%
Cash advance 21.99%
$ 39 $191 Get details
19.99%
Cash advance 22.99%
$ 0 $402 Get details
19.99%
Cash advance 22.99%
$ 399 $0 Get details
19.99%
Cash advance 21.99%
$ 120 $412 Get details
19.99%
Cash advance 22.99%
$ 120 $470 Get details
19.99%
Cash advance 22.99%
$ 89 $201 Get details
19.99%
Cash advance 22.99%
$ 120 $582 Get details
19.99%
Cash advance 22.99%
$ 120 $435 Get details
19.99%
Cash advance 22.99%
$ 120 $ Get details
19.99%
Cash advance 22.99%
$ 150 $370 Get details
19.99%
Cash advance 22.99%
$ 150 $617 Get details
19.99%
Cash advance 21.99%
$ 0 $152 Get details
19.99%
Cash advance 21.99%
$ 110 $ Get details
19.9%
Cash advance 19.90%
$ 110 $ Get details
19.99%
Cash advance 22.99%
$ 120 $727 Get details
19.97%
Cash advance 22.97%
$ 0 $180 Get details
19.99%
Cash advance 22.99%
$ 399 $190 Get details
19.99%
Cash advance 22.99%
$ 0 $ Get details
19.99%
Cash advance 22.99%
$ 99 $441 Get details
19.99%
Cash advance 21.99%
$ 130 $297 Get details
19.5%
Cash advance 21.99%
$ 65 $ Get details
19.95%
Cash advance 19.95%
$ 0 $243 Get details
19.99%
Cash advance 22.99%
$ 110 $120 Get details
14.99%
Cash advance 22.99%
$ 120 $ Get details
19.99%
Cash advance 21.99%
$ 39 $266 Get details
19.99%
Cash advance 22.99%
$ 99 $ Get details
30% $ 499 $ Get details
19.99%
Cash advance 22.99%
$ 0 $405 Get details
19.99%
Cash advance 24.99%
$ 0 $270 Get details
19.99%
Cash advance 22.99%
$ 120 $ Get details
19.99%
Cash advance 22.99%
$ 0 $ Get details
19.99%
Cash advance 19.99%
$ 0 $ Get details
19.99%
Cash advance 22.99%
$ 0 $ Get details
19.99%
Cash advance 22.99%
$ 0 $ Get details
19.5%
Cash advance 21.99%
$ 49 $ Get details
19.99%
Cash advance 22.99%
$ 139 $ Get details
19.5%
Cash advance 21.99%
$ 99 $ Get details
19.9%
Cash advance 19.99%
$ 130 $140 Get details
19.5%
Cash advance 21.99%
$ 99 $ Get details
19.99%
Cash advance 22.99%
$ 0 $90 Get details
19.99%
Cash advance 22.99%
$ 0 $299 Get details
19.99%
Cash advance 22.99%
$ 99 $246 Get details
19.99%
Cash advance 22.99%
$ 120 $262 Get details
19.99%
Cash advance 24.99%
$ 39 $ Get details
19.99%
Cash advance 22.99%
$ 0 $108 Get details
19.89%
Cash advance 21.49%
$ 0 $195 Get details
19.99%
Cash advance 22.99%
$ 0 $108 Get details
19.99%
Cash advance 22.99%
$ 99 $510 Get details
19.99%
Cash advance 22.99%
$ 0 $180 Get details
19.99%
Cash advance 22.99%
$ 0 $ Get details
19.9%
Cash advance 19.90%
$ 0 $25 Get details
19.99%
Cash advance 22.99%
$ 0 $ Get details
19.8%
Cash advance 19.80%
$ 75 $115 Get details
19.97%
Cash advance 22.97%
$ 0 $180 Get details
19.99%
Cash advance 22.99%
$ 0 $ Get details
19.99%
Cash advance 22.99%
$ 79 $ Get details
For a limited time, you will receive a promotional offer from Ratehub.ca if your application is approved. Terms and conditions apply. Click here for details.
+ prime
Cash advance
after months
Cash advance
 thereafter
after months
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If you need any help comparison shopping, read our frequently asked questions below:

How do cash back credit cards work?

As the name suggests, cash back credit cards provide a cash rebate for every dollar you spend on your credit card. The amount of cash back you can earn varies from around 1%, with some of the best Canadian cash back credit cards offering 4%, or occasionally more.


When do I get my cashback?

The cash can be returned to you in a couple ways: either as a credit on one of your monthly statements or as a cheque in the mail every time you reach a specific milestone. One thing to be aware of is when you will receive your cashback. It might be monthly, annually or when you hit a milestone. The chart below shows the redemption timeline for some of the best cashback credit cards in Canada.

Top Cash Back Credit Cards Cash Back Redemption Timeline
SimplyCash from American Express Once per year
Tangerine Money-Back Credit Card Once per month
MBNA Rewards World Elite MasterCard Milestone redemptions e.g. minimum of 3,000 points
Scotia Momentum Visa Infinite Once per year


How much cash back can I earn?

How much cash back you can earn depends on the card you choose and your spending habits. While you can earn an unlimited amount of cash back for certain cards, there are some cash back credit cards which have a maximum cash back amount that you can receive each month. For example, a card could pay 1.00% cash back on all purchases up to $2,000 spending per month, but nothing above that limit. If you spent the maximum, you would earn $20 per month or $240 per year.


Why do some cash back credit cards come with an annual fee?

The best cash back credit cards in Canada have an annual fee because they offer higher cash back rebate percentages, potentially higher spending limits than other cards and special perks like extensive purchase and/or travel insurance. Before applying for a cash back credit card, use our tool to enter your monthly spending and find the card that will offset the annual fee and give you the most cash back.


What else should I consider before applying for a cash back credit card?

While getting rewards back is awesome, being in debt isn’t. Because you earn money every time you make purchases with your card, you could be tempted to overspend and wind up in credit card debt in order to maximize your cash back rebate. But, to receive the full benefits of this type of rewards credit card, you should be in the habit of paying off your balance in full and on time each month. Otherwise, the rewards you receive from spending on your credit card are no longer “free”; you’ll be paying for them in the form of interest payments.


How do I choose the best cash back credit card?

When selecting the best cash back credit card for you, you need to look at the following: your financial preferences (i.e. do you want to pay an annual fee?), financial situation (i.e. what is your income?) and where you spend your money (i.e. do you spend more on specific things than others?). By understanding these factors, you’ll be able to receive the personalized recommendations from Ratehub.ca’s comparison tool since it will take all this information into consideration and display the best cash back cards which will maximize your net reward.


How can I maximize cash back rewards?

The best cash back credit card will vary per person because not all cash back cards offer a standard cash back return. Some cash back credit cards will offer higher cash back returns for specific purchases (e.g. Scotia Momentum Visa Infinite offers 4% on gas and groceries, 2% on recurring payments and drug store purchases and 1% on everything else). Therefore, by understanding where you spend your money while you’re searching for a new credit card, you can maximize the amount of cash back you receive.


Other Types of Credit Cards