Gasoline is usually a hefty line merchandise, particularly for Canadians with a each day commute. Utilizing the appropriate bank card while you replenish will earn you a return in your gasoline bills. However which card must you choose? We break down the highest bank cards within the nation that’ll enable you 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 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 circumstances apply.
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Silver: Finest gasoline bank card
SimplyCash Most well-liked Card from American Specific
Get 4% money again on gasoline and groceries and a pair of% again on all different purchases.
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Curiosity Charges:
21.99% buy, 21.99% money advance, N/A stability switch
Welcome provide:
$250 worth
Earn a bonus 10% money again on all purchases on 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 provide:
$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. Situations apply.
Evaluate the perfect gasoline bank cards
Use the desk beneath to match gasoline bank card choices, or maintain scrolling for our editors’ prime picks.
| Finest card by class | Annual charge | Rewards on gasoline purchases | Eligibility necessities | Really helpful credit score rating |
|---|---|---|---|---|
|
CIBC Dividend Visa Infinite
|
$120 (rebated first 12 months) | 4% money again | $60,000 per 12 months | 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 12 months | 560 or larger |
Tangerine Cash-Again Mastercard |
$0 | 2% money again | $12,000 per 12 months | 660 or larger |
TD Money Again Visa Infinite |
$139 (rebated first 12 months) | 3% money again | $60,000 per 12 months | 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 all the pieces 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 looking for versatile money again choices with out sacrificing worth, particularly for frequent drivers and customers.Â
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CIBC Dividend Visa Infinite
Annual charge: $120 (rebated first 12 months)
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 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 among the greatest 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 all the pieces else. With extra perks like a complete insurance coverage bundle and entry to Amex advantages, this card is a superb possibility for rewards on on a regular basis spending.
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Amex SimplyCash Most well-liked
Annual charge: $120
Welcome provide: Earn a bonus 10% money again on all purchases on 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 |
| Revenue 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 fee of two% on all different purchases.
- No earnings requirement: This card is accessible to many Canadians.Â
- 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 extra playing cards: Get supplementary playing cards at no additional price.
- Refer-a-friend bonus: Earn as much as $750 money again yearly for accredited referrals.
Cons
- Mediocre insurance coverage bundle: Consists of 10 several types of insurance coverage, like prolonged guarantee (producer’s guarantee doubled), buy safety, journey accident, rental automotive theft and injury, and extra. Nonetheless, the protection quantities and limitations are usually not as robust as different premium playing cards.
- Restricted Amex acceptance: Amex just isn’t as extensively accepted as Visa or Mastercard.Â
- Yearly redemptions: Rewards are issued as a press release credit score yearly 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 formidable 3% money again on Costco gasoline, making it a superb alternative for drivers trying to save on the pump. The cardboard additionally doubles as your Costco membership card (although the Costco membership charge nonetheless applies). In case 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 charge: $0
Welcome provide: This card doesn’t have a welcome bonus at the moment.
Card particulars
| Rates of interest | 20.75% on purchases and 22.49% on money advances |
| Revenue required | $15,000 per 12 months |
| 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 all the pieces else. Customise your spending classes to fit your way of life, and revel in simple, computerized month-to-month rewards deposits. With instruments to trace your spending, this card is ideal for these desirous 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 charge: $0
Welcome provide: Earn an additional 10% money again in the course of 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 |
| Revenue 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 extra price. With added journey advantages like rental automotive financial savings at Avis and Funds, 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 charge: $139 (rebated first 12 months)
Welcome provide: Earn as much as $600 in worth, together with 10% money again on eligible purchases in the course of the first three months (on as much as $3,500 in purchases). Situations apply.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers |
| Revenue required | Private earnings of $60,000 or family earnings of $100,000 |
| Credit score rating | 680 or larger (beneficial) |
