With the constant increases in gas prices over the past few months, it’s only natural to find ways to save money at the pump. One of the best credit cards in Canada for gas purchases is the SimplyCash® Preferred Card from American Express Card. With this card, you get 4% cash back on gas.
The credit cards below are the best ones to help you lower the bill if you have a lot of expenses for local transportation or gas. Use one of our favorite tricks: buy gift cards.
If your credit card offers more points for grocery store purchases, buy gift cards from your favourite gas station.
For example, with the American Express Cobalt® Card, you can earn 5 points for grocery store purchases and 2 points at the gas station. You can buy Esso, Petro-Canada and even Uber gift cards at Metro or Super C and use them to pay for gas.
With this trick, a $100 grocery store gift card purchase will earn you 500 points ($100 X 5), instead of 200 points for direct purchase at Esso, Petro-Canada or Uber.
The same applies to the BMO® CashBack® World Elite®* Mastercard®* (up to 5% on groceries and 3% on gas) and Scotia Momentum® VISA Infinite* card(4% on groceries and 2% on gas).
Also, another trick is to combine the gas station’s loyalty program with your credit card.
With its CIBC Dividend® Visa Infinite* Card, CIBC offers gas discounts at Ultramar with the Journie program.
Finally, if you use local transport like Société de Transport de Montréal (STM), Réseau Express Métropolitain (REM), Réseau de Transport de la Capitale (RTC), Toronto Transit Commission (TTC), consider a credit card like the Scotiabank Passport™ Visa Infinite* Card, which offers 2 points per dollar for local transport.
Here is a table summarizing the different offers. For more details, read on or click on the name of a card.
The SimplyCash® Preferred Card from American Express is the only credit card in Canada to earn 2% cash back on all purchases. Plus, you can get:
And with this welcome offer, you can earn a $40 statement credit for every $750 in purchases charged to your Card in your first 10 months (up to $400 in statement credits).
The SimplyCash® Preferred Card from American Express Card is especially popular with those who have significant purchases to make: home improvement, furniture or appliance purchases since it offers 2% cash back at all stores.
This Card stands out for its numerous coverages offered: Theft and damage to rental cars, $100,000 travel accident, emergency medical expenses (out-of-province or out-of-country), lost or stolen baggage, flight delay and misdirected baggage, hotel/motel burglary, Purchase Security, Purchase Protection.
Like all American Express Canada Cards, there is no minimum income requirement.
With this welcome offer for the Scotiabank Passport™ Visa Infinite* Card, you earn up to 35,000 Scene+ points as a welcome bonus (a $350 value) :
Then, each year, if you make at least $40,000 in purchases on the card, you’ll earn an annual bonus of 10,000 points, a $100 value.
With the Scotiabank Passport™ Visa Infinite* Card, you earn 3 points per dollar spent at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés Tradition, Rachelle Béry and Co-Op.
You’ll also earn 2 points for every dollar you spend, including on foreign transactions, in the following categories:
The Scotiabank Passport™ Visa Infinite* Card is an excellent Visa credit card for this type of purchase.
You can redeem your points for any travel purchase at the rate of 1,000 points = $10 (flights, hotels, all-inclusive properties and even Airbnb). You can also use your points as cash back with Scene+, such as at your grocery store checkout at the same rate of 1,000 points = $10.
The Scotiabank Passport™ Visa Infinite* Card also offers:
We voted this credit card the Best No-FX Fee Credit Card of 2024.
The BMO® CashBack® World Elite®* Mastercard®* is one of the best cash back Mastercard credit card in Canada.
For a limited time, you will earn up to 10% cash back on select purchases for the first 3 months (that’s up to $260 cash back). Besides, the annual fee is waived in the first year!
With the BMO® CashBack® World Elite®* Mastercard®*, you earn between 2% and 5% cash back on many spending categories:
Everywhere else, you’ll earn 1% cash back, including at Costco.
Finally, it is one of the only credit cards in its category to offer an extended warranty of 2 additional years.
The American Express Cobalt® Card is the best credit card from American Express, whether you want points for travel or cash back.
The welcome bonus is distributed monthly for the first 12 months. You’ll earn 1,250 Membership Rewards points for every $750 in purchases charged to your card during the month (whether in the 1X, 2X, 3X or 5X category). That’s up to 15,000 Membership Rewards points.
You can easily use these points as statement credits for everyday or travel purchases. The value is the same for both: 1,000 points = $10.
Or you can transfer them into Aeroplan points, Avios (British Airways/Qatar Airways), Flying Blue, Marriott Bonvoy or Hilton Honors.
With the American Express Cobalt® Card, you can earn between 1 and 5 points per dollar:
This is a 1 to 5% return on all these purchases.
For example, if you spend $1,000 per month on groceries and/or restaurants and/or food delivery, you’ll earn $50 cash back per month, or $600 cash back per year with this card for this category of purchases!
And if you decide to transfer your points to other programs like Aeroplan, you could get even more value!
In addition, this card provides excellent insurance coverage: rental car theft and damage, baggage delay, lost or stolen baggage, flight delay, $250,000 travel accident, hotel or motel burglary, Mobile Device Insurance, Purchase Security, Purchase Protection Insurance.
The CIBC Dividend® Visa Infinite* Card is one of the best Visa credit cards with cash back in Canada.
Right now, with this welcome offer, get a 10% welcome bonus in the form of up to $300 cash back (period covered by your first 4 statements) and a first-year annual fee rebate†!
With this CIBC Cash Back Credit Card, you get:
For example, if you spend $1,000 per month on groceries and/or gas and/or electric vehicle charging, you’ll earn $40 cash back per month or $480 cash back per year with this card for this category of purchases!
And that’s not counting the other purchases you’ll make with this card and the advantages it offers (particularly in terms of insurance).
And this CIBC Cash Back Credit Card offers many insurance coverages:
The Scotiabank Gold American Express® Card only requires a $12,000 minimum income, making it accessible to as many people as possible.
For a limited time, you can earn up to 45,000 Scene+ points in the first year, representing a $450 travel value (including Airbnb). Plus, there is an annual fee rebate for the first year!
With the Scotiabank Gold American Express® Card, you earn 6 points per dollar spent at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés Tradition, Rachelle Béry and Co-Op.
Also, you earn 5 points per dollar for:
And 3 points per dollar on gas, transit and streaming services purchases.
You can redeem your points on travel purchases (flights, hotels, all-inclusive and even Airbnb). You can also use your points as cash back rewards with Scene+.
The Scotiabank Gold American Express® Card also offers no foreign currency transaction fees, excellent travel and purchase insurance, concierge service and exclusive American Express benefits (Front of the Line Program).
With the RBC ION+ Visa card, you can earn 12,000 Avion points as a welcome bonus.
With this RBC credit card, you can earn 3 Avion points per dollar for :
And 1 Avion point per dollar for all other purchases. Plus, save 3¢/L on gas at Petro-Canada and earn 20% more points when you pay with a linked RBC card
Finally, you get two years of Mobile Device Insurance up to $1,000 if your mobile device, such as your cell phone, is lost, stolen, accidentally damaged or experiences mechanical failure when you purchase your mobile device with the RBC ION+ Visa card.
When you sign up for our exclusive offer on the BMO eclipse Visa Infinite* Card, you can earn up to 70,000 BMO Rewards points as well as a$120 annual fee waiver for the first year:
What’s more, you’ll receive a $50 anniversary credit to use as you wish!
With the BMO eclipse Visa Infinite* Card, you can earn 5 BMO Rewards points per dollar spent on:
And 1 BMO Rewards point for every $1 spent on everything else. Plus, if you add an authorized user to your account, you’ll earn 10% more points.
You can use BMO Rewards points for all travel purchases made through the agency or website of your choice (flights, hotels, car rentals, all-inclusive resorts, Airbnb, etc.) or for rewards and gift cards on the BMO Rewards platform.
With the TD Cash Back Visa Infinite* Card, you earn 3% cash back on:
And 1% cash back on all other purchases.
It’s the best TD cash back credit card, especially for gas purchases.
With this new welcome offer, you could earn 10% cash back on gas and grocery purchases and pre-authorized payments for the first three months (up to $3,500 in purchases). So you can earn up to $350 cash back!
Plus, a first-year annual fee rebate for the Primary and Additional Cardholders.
Finally, you have good insurance coverage, such as travel medical insurance, delayed or lost baggage insurance, collision/loss damage insurance for car rentals and mobile device insurance.
Earn up to 60,000 Membership Rewards points with this welcome offer for the American Express® Gold Rewards Card. That’s a $600 value for travel or any purchase on the Card.
You can also transfer your points to airline partners such as Aeroplan, Avios (British Airways / Qatar Airways), Flying Blue, and hotel partners (Marriott Bonvoy, Hilton Honors).
With this Card, you get many benefits like:
You earn 2 points per dollar for travel purchases, and at:
And 1 point per dollar everywhere else.
The Scotia Momentum® VISA Infinite* card is recognized year after year as one of the best cash-back credit cards in Canada.
Currently, there is no annual fee in the first year, including on additional cards. And you can earn 10% cash back on all purchases for the first three months (up to $2,000 in total purchases).
With the Scotia Momentum® VISA Infinite* card, you get:
For example, if you spend $1,000 per month on groceries and/or recurring payments, you’ll earn $40 cash back per month, or $480 cash back per year with this card for this category of purchases! And that’s not counting the other purchases you’ll make with this card and the advantages it offers (particularly in terms of insurance).
The Scotia Momentum® VISA Infinite* card is an excellent Visa credit card for cash back.
And its insurance benefits are excellent!
The best credit cards for gas and transportation are:
