For the past year or two, one of the top cash back credit cards in Canada (with no annual fee) was the Capital One Aspire Cash World card which gave a 1.5% cash back reward on spending in addition to top of the line insurance coverage. Unfortunately, Capital One has recently removed this card from their line up. Existing cardholders will be grandfathered, which means they will continue to receive benefits and will even be renewed once their card expires.
Capital One still offers a good Platinum cash back card which gives 1.25% cash back but with less insurance coverage. Still a decent no fee card, but not as competitive as the World card.
In light of this news, I have updated my list of the top cash back credit cards in Canada. For those who currently have the World card, hang on to it!
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Canadian Investing with Mr. Frugal Toque: Part 1 @ Mr. Money Mustache
My 3 Biggest Money Mistakes and How You Can Avoid Them @ Money Smart Life