credit card | Why I like it |
---|---|
Ideal for cash back on gas costs CIBC dividend visa unlimited Annual fee: $120 |
4% cashback on gas and EV charging, plus 4 other bonus categories |
Ideal for cash back on gas costs with no fees tangerine money back mastercard Annual fee: $0 |
No annual fee and 2% unlimited cash back on two categories of your choice, including gas. |
Ideal for road service TD Cashback Visa Infinite* Annual fee: $139 (rebate for first year) |
3% cash back on gas and free emergency roadside assistance with TD Auto Club Deluxe Membership. |
best points credit card for gas PC Financial World Elite Mastercard Annual fee: $0 |
At least 30 PC optimal points per liter at Esso and Mobil stations |
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Details about the best credit cards for gas in Canada.
Written by Kev Sennett April 3, 2024
Estimated reading time: 6 minutes
Gasoline costs are an expensive item, especially for Canadians who commute daily or live in a hybrid environment, and are largely outside of our personal control. If you use an eligible credit card when refueling, you’ll get credit back on your fuel costs. But which card should you choose?
Best cashback credit card for gas bills
CIBC Dividend Visa Unlimited
- Annual fee: $120
- Earning rate: 4% cash back on eligible gas, EV charging and grocery purchases. 2% for meals, daily transportation, and recurring payments. 1% on everything else
- Welcome bonus: Earn a 10% cashback welcome bonus of up to $250 (first 4 statements). This offer is not available to QC residents. Terms and conditions apply.
- Annual income requirements: $60,000 personal income or $100,000 household income
The Dividend Visa Infinite makes CIBC a strong contender in the cashback credit card space, especially for drivers, and adding a grocery bill to this card makes it even better. This card is designed to put money back in your pocket with 4% back on gas, EV charging, and groceries. There are other bonus categories where you can earn cashback, including 2% on everyday transportation (including rideshares and public transit), which means you’ll earn rewards on all your transportation options, as well as dining and regular transportation. Earn 2% on all payments.
No-fee cashback credit card perfect for gas costs
Features
tangerine refund credit card
- Annual fee: $0
- Earning rate: 2% cashback on up to three selected categories (including groceries, gas, food and beverages) and 0.5% on all other items
- Welcome bonus: Earn an extra 10% back on up to $1,000 in daily purchases within the first two months. Applications must be submitted by April 30, 2024.
- Annual income requirements: Individual or household income of $12,000
The Tangerine Money-Back Mastercard has no annual fee and offers straight cash rewards, making it a big draw for many Canadians. Credit cardholders receive 2% cash back on unlimited purchases in two selected categories, including gas, groceries, restaurants, and drugstores. If he chooses to have the cash automatically deposited into his Tangerine savings account, he will receive 2% cashback in the third category. Additionally, during the first 30 days after card approval, you can transfer your high-interest card balance at a promotional rate as low as 1.95% for 6 months (plus 1.95% interest applied). % commission). This no-frills card is perfect for people who want to monetize their fuel purchases without paying perks.
Best credit cards for gas with roadside assistance
Features
TD Cashback Visa Infinite Card
- Annual fee: $139 (rebate for first year)
- Acquisition rate: 3% cash back on gas, groceries and recurring bill payments. 1% on all other purchases
- Welcome offer: Earn up to $500 worth of bonus eligible purchases up to $3,500 in total, including 10% cash back dollars for the first 3 months. Terms and conditions apply. Accounts must be approved by June 3, 2024.
- Annual income requirements: $60,000 personal income or $100,000 household income
TD Cash Back Visa Infinite is a powerful money-back card that offers 3% back on gas, groceries, and recurring bill payments (1% back on everything else). While the gas rebate alone would be enough to put this card on our list, it’s the roadside assistance (among other perks) that really makes it a standout card for drivers. Cardholders receive complimentary emergency road service included with TD Auto Club Deluxe Membership. This package includes 24-hour emergency assistance call, towing, lockout and winching services, emergency transportation, meals, lodging and supplies, plus reimbursement options for issues that TD Auto Club cannot assist with. I am. In addition, cardholders receive rental car loss and collision insurance and discounts from Avis and Budget. If you commute or travel a lot, these benefits can easily cover the card’s annual fee.
best points credit card for gas
PC Financial World Elite Mastercard
- Annual fee: $0
- Earning rate: 45 PC Optimum points per dollar spent at Shoppers Drug Mart. 30 points per dollar at Loblaw Banner grocery stores (including No Frills) and 10 points per dollar at everything else
- Welcome bonus: Earn 20,000 PC Optimum points (worth $20).
- Annual income requirements: $80,000 personal income or $150,000 household income
The PC Optimum program is one of Canada’s most popular rewards programs thanks to its flexibility and ease of redemption at the register. The fee-free PC Financial World Elite Mastercard is a fast-earning option at Shoppers Drug Mart, Loblaw grocery stores such as No-Frills, Real Canadian Superstore, Fortinos, and more than 4,500 Esso and Mobil gas stations across Canada. provide an opportunity. The last is where you can earn at least 30 points per liter (rates vary by location). PC Optimum points can be redeemed at a rate of 10,000 points ($10 value) by simply presenting your card at the register at participating retailers. At Esso, you can exchange points for gas or car wash fees.
How to determine the best card
The MoneySense editorial team selects the best credit cards by evaluating the value they offer Canadians across a variety of categories. Our ranking of the best credit cards for gas includes card details and features, focusing on what’s important to drivers, including annual fees, interest rates, welcome offers, reward earning rates, annual income requirements, and benefits such as: Based on an extensive list of. As insurance coverage and roadside assistance. Our rankings are an unbiased source of information for Canadians. Adding links from affiliate partners does not affect results. Read more about how MoneySense makes money.
FAQ
Details of Canada’s best credit cards:
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