Fuel could be a hefty line merchandise, particularly for Canadians with a every day commute. Utilizing the fitting bank card while you replenish will earn you a return in your gasoline bills. However which card do you have to choose? We break down the highest bank cards within the nation that’ll show you how to save on the pump, both with money again or rewards factors.
Finest gasoline bank cards in Canada
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Gold: Finest gasoline bank card
CIBC Dividend Visa Infinite Card
Earn 4% money again on gasoline and groceries, and save on the pump with unique gasoline reductions.
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Curiosity Charges:
20.99% buy, 22.99% money advance, 22.99% stability switch
Welcome supply:
$250 worth
Earn a ten% money again welcome bonus of as much as $250 (first 4 statements). Provide not out there to QC residents. Phrases and circumstances apply.
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Silver: Finest gasoline bank card
SimplyCash Most well-liked Card from American Categorical
Get 4% money again on gasoline and groceries and a couple of% again on all different purchases.
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Curiosity Charges:
21.99% buy, 21.99% money advance, N/A stability switch
Welcome supply:
$250 worth
Earn a bonus 10% money again on all purchases in your first 3 months (as much as $2,000 in purchases). Plus, earn a $50 assertion credit score while you make a purchase order in month 13. This might add as much as $250 in bonus worth in your first 13 months.
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TD Money Again Visa Infinite Card
Earn 3% money again on gasoline and get free roadside help with a complimentary Deluxe TD Auto Membership membership.
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Curiosity Charges:
20.99% buy, 22.99% money advance, 22.99% stability switch
Welcome supply:
$600 worth
Earn as much as $600 in worth, together with 10% in Money Again {Dollars} within the first 3 months on Bonus Eligible Purchases as much as a complete spend of $3,500. Circumstances apply.
Evaluate the very best gasoline bank cards
Use the desk under to check gasoline bank card choices, or preserve scrolling for our editors’ prime picks.
| Finest card by class | Annual price | Rewards on gasoline purchases | Eligibility necessities | Advisable credit score rating |
|---|---|---|---|---|
|
CIBC Dividend Visa Infinite
|
$120 (rebated first yr) | 4% money again | $60,000 per yr | 725 or larger |
Amex SimplyCash Most well-liked |
$120 | 4% money again | None specificed | 725 or larger |
CIBC Costco Mastercard |
$0 | 3% money again at Costco gasoline stations
2% money again at different stations |
$15,000 per yr | 560 or larger |
Tangerine Cash-Again Mastercard |
$0 | 2% money again | $12,000 per yr | 660 or larger |
TD Money Again Visa Infinite |
$139 (rebated first yr) | 3% money again | $60,000 per yr | 680 or larger |
MoneySense award winners
Dive into the professionals and cons of our gold, silver and bronze-winning bank card picks, in addition to different bank cards with spectacular rewards on gasoline purchases.
Gold: Finest bank card for gasoline
At a look: The CIBC Dividend Visa Infinite presents unbeatable rewards for on a regular basis spending, with as much as 4% money again on gasoline, EV charging and groceries. With an extra 2% money again on eating, transit and recurring payments, plus 1% on every thing else, this card delivers constant rewards throughout classes. Plus, save as much as 10 cents per litre at choose gasoline stations with Journie Rewards. It’s the proper card for anybody in search of versatile money again choices with out sacrificing worth, particularly for frequent drivers and customers.
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CIBC Dividend Visa Infinite
Annual price: $120 (rebated first yr)
Welcome supply: Earn 10% money again (as much as $250 in money again in your first 4 statements), plus a first-year annual price rebate. Provide not out there to Quebec residents.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers |
| Earnings required | Private earnings of $60,000 or family earnings of $100,000 |
| Credit score rating | 725 or larger |
Silver: Finest bank card for gasoline
At a look: The Amex SimplyCash Most well-liked is likely one of the finest money again bank cards in Canada for individuals who spend closely on gasoline and groceries. Earn an unmatched 4% money again on gasoline and grocery purchases and a flat 2% again on every thing else. With further perks like a complete insurance coverage bundle and entry to Amex advantages, this card is a good possibility for rewards on on a regular basis spending.
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Amex SimplyCash Most well-liked
Annual price: $120
Welcome supply: Earn a bonus 10% money again on all purchases in your first three months (as much as $2,000 in purchases) and a $50 assertion credit score while you make a purchase order in month 13 (complete worth of as much as $250).
Card particulars
| Rates of interest | 21.99% on purchases, 21.99% on money advances |
| Earnings required | None specified |
| Credit score rating | 725 or larger |
Execs
- Excessive earn charges: Earn 4% money again on gasoline and groceries, and a robust base price of two% on all different purchases.
- No earnings requirement: This card is accessible to many Canadians.
- Unique Amex perks: Entry to Amex Entrance of the Line occasions, Amex Invitations, Amex Experiences, tailor-made month-to-month presents, and unique eating and retail experiences.
- Free further playing cards: Get supplementary playing cards at no additional value.
- Refer-a-friend bonus: Earn as much as $750 money again yearly for permitted referrals.
Cons
- Mediocre insurance coverage bundle: Consists of 10 various kinds of insurance coverage, like prolonged guarantee (producer’s guarantee doubled), buy safety, journey accident, rental automotive theft and injury, and extra. Nevertheless, the protection quantities and limitations usually are not as sturdy as different premium playing cards.
- Restricted Amex acceptance: Amex isn’t as extensively accepted as Visa or Mastercard.
- Yearly redemptions: Rewards are issued as a press release credit score annually in September.
Bronze: Finest bank card for gasoline
At a look: The CIBC Costco Mastercard is a no-fee money again card for Costco members. Earn a powerful 3% money again on Costco gasoline, making it a superb alternative for drivers seeking to save on the pump. The cardboard additionally doubles as your Costco membership card (although the Costco membership price nonetheless applies). When you’re a Costco common who values financial savings on gasoline and eating, this card is a sensible and rewarding alternative.
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CIBC Costco Mastercard
Annual price: $0
Welcome supply: This card doesn’t have a welcome bonus right now.
Card particulars
| Rates of interest | 20.75% on purchases and 22.49% on money advances |
| Earnings required | $15,000 per yr |
| Credit score rating | 560 or larger |
Runners up for rewards on gasoline purchases
Tangerine Cash-Again Credit score Card
At a look: With the Tangerine Cash-Again Credit score Card, you’ll be able to select as much as three out of ten spending classes to earn limitless 2% money again, whereas receiving 0.5% again on every thing else. Customise your spending classes to fit your life-style, and luxuriate in simple, automated month-to-month rewards deposits. With instruments to trace your spending, this card is ideal for these eager to monetize their on a regular basis payments with out paying for the privilege.
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Tangerine Cash-Again Credit score Card
Annual price: $0
Welcome supply: Earn an additional 10% money again throughout the first two months (as much as $100 in money again).
Card particulars
| Rates of interest | 20.95% on purchases, 22.95% on money advances and 22.95% on stability transfers |
| Earnings required | Private or family earnings of $12,000 |
| Credit score rating | 660 or larger |
TD Money Again Visa Infinite Card
At a look: The TD Money Again Visa Infinite Card is a best choice for drivers, providing 3% money again on gasoline, groceries and recurring payments. Get pleasure from complimentary 24/7 roadside help with a Deluxe TD Auto Membership membership at no further value. With added journey advantages like rental automotive financial savings at Avis and Price range, rental automotive insurance coverage, and entry to different Visa Infinite options, this card is ideal for frequent travellers.
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TD Money Again Visa Infinite Card
Annual price: $139 (rebated first yr)
Welcome supply: Earn as much as $600 in worth, together with 10% money again on eligible purchases throughout the first three months (on as much as $3,500 in purchases). Circumstances apply.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers |
| Earnings required | Private earnings of $60,000 or family earnings of $100,000 |
| Credit score rating | 680 or larger (beneficial) |
