How to Save Even More With an Electric Vehicle

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Marie-Ève Leclerc
Marie-Ève Leclerc Marie-Ève Leclerc
Marie-Ève, Web Director at Milesopedia, is an expert in budget travel and a slow travel enthusiast. Specializing in Aeroplan, Scene+, and Marriott Bonvoy programs, she spends nearly six months a year abroad, making travel her way of life. Constantly seeking the best waves to surf, excellent coffee, and strategies to extend her travels, she is often found in coworking spaces with fellow digital nomads or by the sea, watching the sunset.
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Un homme s'appuie sur une voiture électrique en utilisant son téléphone
To the point We’ll show you the trick to optimize the cost of charging at public stations and save even more with your electric vehicle.

How to Save Even More With an Electric Car

With the popularity of electric vehicles, financial institutions have started to offer an incentive to their credit card customers.

I got my first electric car in 2014. Since then, I’ve seen many changes in this wonderful universe. But also, cash back or extra points for the category of public electric charging have become available.

I have also conducted an in-depth analysis of the rewards category for purchases of charging at electric stations.

borne recharge canada

Example of Savings at a Charging Station

Cash Back with a CIBC Dividend Card

CIBC also stands out in the electric vehicle charging category. Actually, CIBC credit cards are among the most generous when it comes to paying for electric vehicle recharging!

For example, the CIBC Dividend® Visa Infinite* Card 4% cash back on the cost of eligible electric vehicle charging on the road.

Recently, I used different charging station networks, and the cost was:

Network Cost
Circuit Électrique $50.00
IVY (in OnRoute stores in Ontario) $10.01
Petro-Canada $15.89
Electrify Canada $40.00
Total $115.90
cibc dividendes

So, with the CIBC Dividend® Visa Infinite* Card‘s 4% cash back, I earned $4.64. So, it’s as if my cashback allows me to drive several kilometers “for free”.

CIBC Dividend® Visa Infinite* Card

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 $250 cash back (period covered by your first 4 statements) and a rebate on your first year’s annual fees!

Plus, receive $50 cash back when you set up a pre-authorized payment within the first 4 months.

With this CIBC cash back credit card, you earn:

  • 4% cash back on gas, EV charging, and grocery purchases
  • 2% cash back on eligible transportation, dining purchases and recurring payments
  • 1% cash back on all other purchases

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:

  • Auto Rental Collision/Loss Damage Insurance
  • $500,000 Common Carrier Accident Insurance
  • Out-of-Province Emergency Travel Medical Insurance
  • Purchase Security and Extended Protection Insurance
Neuville terminal

New: Earn Aeroplan Points with Your Electric Vehicle Charging

Starting April 30, 2025, TD will add new reward categories, including electric vehicle charging!

In this way, you will earn these Aeroplan points:

Card Points per $1 spent on charging
TD® Aeroplan® Visa Infinite* Card 1.5 points
TD® Aeroplan® Visa Infinite Privilege* Credit Card 1.5 points
TD® Aeroplan® Visa Platinum* Credit Card 1 point

On the same date, TD will be adding new reward categories to its cash back cards:

card % rebate per $1 spent on electric charging
TD Cash Back Visa Infinite* Card 3 %
TD Cash Back Visa* Card 1 %

How to Pay for an Electric Vehicle Charge with a Credit Card

Electric vehicle charging is paid for with a credit card through the charging network’s mobile app. You simply need to add your credit card number to your profile in the mobile app or on the website.

Here’s an example with the Electric Circuit app:

Circuit Electrique
IVY

And here’s where to enter your credit card information to pay the cost of a charge with Electrify Canada:

Electrify canada

Bottom Line

Across the whole range of credit cards on the market at the moment, CIBC Visa credit cards are among the best for paying for electric vehicle charging at public charging stations. But TD credit cards are not far behind!

They offer the best return in points or cash back, thanks to their higher accumulation rates for top-ups. But the one that earns the most is the CIBC Dividend® Visa Infinite* Card, with its 4% cash back.

Above all, it’s very important to pay your credit card balances in full every month. Otherwise, all your savings will be wiped out by interest charges.

Come to discuss that topic in our Facebook Group!
Caroline Tremblay
Caroline Tremblay
Caroline, a loyalty program specialist, helps families maximize their points to travel more frequently and affordably. With expertise in Disney, AIR MILES, and Costco, she travels the world with her partner and two children through rewards. Passionate about the latest in loyalty programs, Caroline shares tips to help you earn more points and turn your travel dreams into reality.
All posts by Caroline Tremblay

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