Whether or not you’re utilizing a public charger on the go or plugging in at residence, the price of protecting your electrical car (EV) powered up can sneak up on you. However the precise bank card could make up for a few of the value by means of money again or rewards factors. So, don’t wait: we’ve gathered one of the best bank cards in Canada to energy up your EV—and your pockets—on the identical time.
Finest bank cards for EV charging in Canada
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Gold: Finest for EV charging
Curiosity Charges:
20.99% buy, 22.99% money advance, 22.99% stability switch
Welcome provide:
$250 worth
Earn a ten% money again welcome bonus of as much as $250 (first 4 statements). Supply not obtainable to QC residents. Phrases and situations apply.
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Silver: Finest for EV charging
Curiosity Charges:
20.99% buy, 22.99% money advance, 22.99% stability switch
Welcome provide:
$101 worth
Earn 14,000 Avion factors upon approval – that’s $100 of worth in reward playing cards! Apply by Might 7, 2025.
Evaluate bank cards for EV drivers
Use the desk under to check EV charging bank card choices, or preserve scrolling for our editors’ prime picks. Can’t see all the small print in your display screen? Merely slide the columns utilizing your fingers or trackpad, or you’ll be able to hover your mouse over the desk to entry the scroll bar on the backside.
| Finest card by class | Annual charge | Rewards on EV charging | Equal return on spending | Spending cap for bonus charge | Earn on the identical charge for fuel purchases | Low cost on fuel purchases | Private annual revenue requirement | Beneficial credit score rating | Apply now (featured playing cards solely) |
|---|---|---|---|---|---|---|---|---|---|
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CIBC Dividend Visa Infinite
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$120 (rebated first yr) | 4% money again | 4% | First $20,000 in purchases per yr | Sure | As much as $0.10 per litre at Pioneer, Fas Gasoline, Ultramar and Chevron stations | $60,000 per yr | 725 or greater | Go to website |
RBC ION+ Visa |
$48 | 3 Avion factors per $1 spent | 3.42% | No restrict | Sure | None | None specified | None specified | Go to website |
BMO CashBack World Elite Mastercard |
$120 | 3% money again | 3% | First $300 per assertion cycle | Sure | As much as $0.07 per litre at Shell fuel stations | $80,000 per yr | 760 or greater | Go to website |
Amex SimplyCash Most well-liked |
$120 | 4% money again | 4% | No restrict | Sure | None | None specificed | 725 or greater | Go to website |
CIBC Costco Mastercard |
$0 | 3% money again at Costco fuel stations
2% money again at different stations |
3% at Costco stations
2% at different stations |
First $5,000 in purchases per yr | Sure | As much as $0.10 per litre at Pioneer, Fas Gasoline, Ultramar and Chevron stations | $15,000 per yr | 560 or greater | Not obtainable |
MoneySense award winners
Dive into the professionals and cons of the highest three finest bank cards for EV charging in Canada. We’ve additionally included choices for Canadians who would favor an American Categorical or no-annual-fee card.
Gold: Finest bank card for EV charging
At a look: The CIBC Dividend Visa Infinite is our prime choose for electrical and hybrid car drivers in Canada, providing an unbeatable 4% money again on EV charging in addition to groceries. Plus, this card delivers constant rewards throughout classes with bonus charges on on a regular basis spending like eating, transit and recurring payments. Additionally, save as much as $0.10 per litre to your hybrid or different automotive at choose fuel stations with Journie Rewards.
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CIBC Dividend Visa Infinite
Annual charge: $120 (rebated first yr)
Welcome provide: Earn 10% money again (as much as $250 in money again in your first 4 statements), plus a first-year annual charge rebate. Supply not obtainable to Quebec residents.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers |
| Revenue required | Private revenue of $60,000 or family revenue of $100,000 |
| Credit score rating | 725 or greater |
Silver: Finest bank card for EV charging
At a look: The RBC ION+ Visa is one in every of RBC’s latest bank cards and one other nice possibility for electrical and hybrid car drivers. It has a low annual charge, and it presents 3 Avion factors for each $1 spent on EV charging, in addition to grocery, eating and even digital gaming. Plus, to your hybrid or different automotive, cardholders get pleasure from gas financial savings at Petro-Canada and earn the identical 3 factors for each $1 on fuel purchases.
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RBC ION+ Visa
Annual charge: $48
Welcome provide: Get 14,000 Avion factors upon approval ($100 worth). Apply by Might 7, 2025.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers |
| Revenue required | None specified |
| Credit score rating | None specified |
| Level worth | 1 RBC Avion level = As much as $0.023 when redeemed for journey utilizing RBC’s Air Journey Redemption Schedule. |
Bronze: Finest bank card for EV charging
At a look: The BMO CashBack World Elite Mastercard is one other nice bank card possibility, providing glorious earn charges throughout classes. Earn 3% money again on EV charging and fuel purchases. It is a nice card for frequent drivers and travellers, with complimentary roadside help and journey insurance coverage. Plus, fuel financial savings at Shell places for drivers of hybrid and fuel automobiles.
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BMO CashBack World Elite Mastercard
Annual charge: $120 (waived first yr)
Welcome provide: Earn as much as 10% money again throughout your first 3 months on as much as $2,600 in purchases.
Card particulars
| Rates of interest | 21.99% on purchases, 23.99% on money advances, 23.99% on stability transfers (21.99% in Quebec) |
| Revenue required | Private revenue of $80,000 or family revenue of $150,000 |
| Credit score rating | 760 or greater |
Professionals
- Excessive earn charges: Earn as much as 5% again in 4 main spending classes, together with 3% on EV charging and fuel.
- Complete roadside help: With a free fundamental membership within the Dominion Vehicle Affiliation, get 4 free service calls per yr, together with towing (as much as 10 km), tire modifications, winching, battery boosts, lockout help, emergency gas supply and extra.
- Gasoline financial savings: Hybrid drivers will admire the gas low cost of as much as $0.07 per litre at Shell places.
- Insurance coverage choices: In depth insurance coverage for a money again card, together with protection for journey medical, rental automobiles, baggage, flight delays and extra.
- Simple redemptions: Redeem your money again any time for as little as $1.
Cons
- Incomes caps: The bonus classes have low month-to-month spending limits, starting from $300 to $500, which is restrictive for a premium card. Purchases above these month-to-month limits earn on the 1% base charge.
- Excessive revenue necessities: This card could also be much less accessible.
Finest American Categorical card for EV charging
At a look: The American Categorical SimplyCash Most well-liked is a stable possibility for electrical and hybrid car drivers. Though you earn the bottom charge of two% on EV charging, that’s nonetheless the very best base earn charge in Canada. And for those who want fuel from time to time, you’ll earn a powerful 4%. Plus, get insurance coverage protection and entry to Amex advantages.
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Amex SimplyCash Most well-liked
Annual charge: $120
Welcome provide: Earn a bonus 10% money again on all purchases to your first three months (as much as $2,000 in purchases) and a $50 assertion credit score once 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 |
| Revenue required | None specified |
| Credit score rating | 725 or greater |
Finest no-fee card for EV charging
At a look: The CIBC Costco Mastercard is a no-fee money again card for Costco members and a great possibility for electrical and hybrid car drivers. Earn 2% money again on EV charging and three% on Costco fuel. Purchases at different fuel stations earn you 2% rewards. Overlook your Costco membership card? Don’t fear—this card is all you want to present on the huge warehouse retailer.
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CIBC Costco Mastercard
Annual charge: $0
Welcome provide: None right now.
Card particulars
| Rates of interest | 20.75% on purchases and 22.49% on money advances |
| Revenue required | $15,000 per yr |
| Credit score rating | 560 or greater |
Professionals
- Excessive earn charges: Earn 2% on EV charging and fuel purchases not at Costco, and three% on Costco fuel purchases and eating.
- Cellular machine insurance coverage: Get protection for as much as $1,000—a rarity for no-fee playing cards.
- Accessible: There’s no annual charge and a low revenue requirement. Plus, with a $50,000 private or $80,000 family revenue, you’re eligible for a complimentary improve to a World Mastercard.
- Free extra playing cards: Additional incomes at no added value.
- Installment cost possibility: Use the CIBC Tempo It installment program to unfold the price of massive Costco purchases over a number of months at a decrease rate of interest.
Cons
- Low incomes at Costco: Surprisingly, it’s not essentially the most rewarding card for Costco purchasing, incomes just one% again on in-store purchases. (See the finest bank cards for purchasing at Costco.)
- Unique to Costco members: Solely obtainable to these with a Costco membership ($65).
- Restricted redemption choices: Rewards are issued annually as a money again reward certificates solely redeemable at Costco.
- Incomes caps: You’ll solely earn on the primary $5,000 spent yearly on EV charging/fuel and on the primary $8,000 on Costco.ca purchases.
FAQ about EV charging
Get solutions to incessantly requested questions on charging electrical autos in Canada, together with charging occasions and prices, and places of Petro-Canada charging stations.
How lengthy does it take to cost an electrical car?
It is a bit like asking how lengthy it takes to fill a pool. The reply is determined by the scale of the pool, the hose you’re utilizing and even the climate. Whereas there’s no one-size-fits-all reply, understanding a couple of key components will assist you estimate charging occasions, whether or not you’re topping up in a single day or fuelling up on a highway journey.
Charging time is determined by the facility supply, the automotive’s charger and its battery dimension, and even climate situations:
- The facility supply: A fundamental family outlet might take days to refill an EV—consider it as trickling water right into a barrel with a tiny spout. A quicker residence setup, like a 240-volt charger you’d use for a dryer, cuts that all the way down to just some hours in a single day. Public stations are fast-charging and are the speediest possibility. These can juice up your battery in lower than an hour.
- The car: Take a small battery, like in a Nissan Leaf—it’d cost absolutely in seven to eight hours with a 240-volt setup, or about an hour with a quick charger. An even bigger battery, say in a GMC Hummer EV, might take nearer to 13 hours at residence or round two hours with quick charging.
- Climate: Climate can nudge these occasions a bit—chilly or scorching days may gradual issues down—however it’s often a minor issue. Excessive temperatures, nonetheless, can significantly improve cost time. Excessive chilly can cut back battery effectivity by round 20% to 40%.
So, charging might vary from a fast 20 to 120 minutes at a quick station to a leisurely 5 to 13 hours at residence, relying in your setup and EV.
How a lot does it value to cost and electrical car?
At residence, the place most EV homeowners cost, prices tie into your electrical energy invoice. In a metropolis like Toronto, charging in a single day throughout off-peak hours may run you lower than $1 per day—round $300 a yr for the common driver. That’s a steal in comparison with a tank of fuel. Charges range by location and time, although. The price could be greater throughout peak hours and in pricier areas.
Public charging stations provide comfort however usually include a charge. Some cost by time (e.g., $0.30 per minute), some cost by power use (e.g., $0.40/kWh), and a few cost a flat charge per session (e.g., $5 to $7 for a fast increase). Vitality-based billing remains to be growing in Canada. Free stations exist too—chances are you’ll discover them close to companies or in parks—however they’re not the norm. Quick-charging spots, like superchargers, are inclined to value extra for his or her pace, although they prevent time on the go.
The make-up of your EV issues, too. A smaller battery, like in a plug-in hybrid, prices much less to fill than an enormous one in a full electrical SUV. Effectivity performs a job as properly. Extra environment friendly fashions stretch every cost additional, trimming prices.
So, you’ll be able to count on a spread of costs: roughly $0.78 each day at residence in a metropolis like Toronto (throughout off-peak hours) to round $10 for a fast public top-up on the highway. In comparison with gas-powered autos, EVs often win on financial savings, particularly with sensible charging habits.
EV charging stations in Canada
Petro-Canada EV charging
Petro-Canada was the primary main fuel retailer to develop on Canada’s EV charging infrastructure. In 2019, it opened an EV charging station in Victoria, B.C., marking the completion of Canada’s Electrical Freeway, the nation’s first coast-to-coast community of quick chargers.
