Best Gas Credit Cards in Canada for 2024
Sara Skodak
Author
Kevin Shahnazari
Editor7 min read
Everyday expenses add up, especially in this economy.
If you find yourself constantly fuelling up on gas and frustrated by the price of it, then it might be time to choose a credit card that will optimize this type of purchase.
In this blog post, we’ve rounded up the best gas credit cards in Canada across several categories. Choose between gas cards that specialize in cashback, points, no annual fees, or those that also come with some travel perks.
Best Overall Credit Card for Gas Expenses
CIBC Dividend® Visa Infinite* Card
3.5
Finly Rating
Welcome Bonus
Up to $200
Annual Fee
$120
Interest Rates
20.99% / 22.99%
Why we like it
Why we like it
The CIBC Dividend® Visa Infinite Card* is an excellent choice for those who spend heavily on gas, EV charging, and groceries, offering one of the best cash back rates in those categories. The 10% cash back welcome offer sweetens the deal for new cardholders, though the high income requirements and annual fee may not make it the best fit for everyone. If you can meet the spending and income criteria, it provides solid value, especially with no limits on the total amount of cash back you can earn.
Pros & Cons
Pros & Cons
Pros
- High Cash Back Rates: Get 4% cash back on gas, EV charging, and groceries, plus 2% on restaurants, transportation, and recurring bill payments.
- No Limit on Total Cash Back: No maximum limit on the amount of cash back you can earn annually.
- Fuel Savings: Save up to 10 cents per litre at Journie Rewards gas stations like Ultramar, Pioneer, Fas Gas, and Chevron.
Cons
- High Income Requirement: Personal income of $60,000 or household income of $100,000 is required to qualify.
- Annual Fee: The card comes with a $120 annual fee, which might reduce the overall value for some users.
- Lower Insurance Coverage: Compared to similar cards, the insurance offerings are less comprehensive.
Product Details
Product Details
Rewards
- 4% cashback on Gas and Groceries if they are in the first $80K transactions of the year and $20K of categorical spends
- 2% cashback on Transportation, Dining and Recurring payments if they are in the first $80K transactions of the year and $20K of categorical spends
- 1% cashback on all other credit card purchases.
Insurance
Coverage
Emergency Out of province Medical
$5 Million per person, per trip. 10 day coverage.svg)
Car Rental Damage & Theft
$65K
Travel Accident
$500K
Mobile Device Insurance
$1000 per person, per occurrence
Purchase Protection
90 days
Extended Warranty
Up to a year
Benefits
Details
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Gas Discount
save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations
Car Rental Discount
Get up to 25% off auto rentals at participating Avis and Budget locations worldwide.
Eligibility
Credit Score
Very GoodAnnual Income
$60,000 personal or $100,000 household
There are a few aspects of the CIBC Dividend Visa Infinite Card that make it the best gas credit card overall. First, it offers one of the highest reward rates on both gas and groceries – covering two of the most popular spend categories. Second, its gas-oriented rewards program is paired with a gas discount, saving you cents per litre on fuel at participating Pioneer, Fas Gas, Ultramar, and Chevron gas stations, all you need to do is link your card with Journie Rewards.
Journie Rewards allow you to earn points per litre at participating gas pumps and stores, all with the simple scan of the Journie app each visit. These points can be redeemed for more gas discounts later on. With the CIBC Dividend Visa Infinite Card, you'll double your cents saved each time you reach 300 Journie Points.
Aside from gas rewards, you can claim cashback on transportation, dining, and recurring payments.
Ultimately, the CIBC Dividend Visa Infinite Card is the best gas credit card because it has a high gas reward category and a gas discount. While some of the other cards in this list might include a gas discount as well, the CIBC Dividend Visa Infinite Card's discount is the most flexible, as it can be used at multiple gas stations, and it's accompanied by a higher gas reward rate than its competitors.
Best Gas Credit Cards for Particular Gas Stations
There are some credit cards that are specialized towards certain gas stations. Below, see if you can find a card that corresponds with where you get your gas.
Best Gas Credit Cards for Petro Canada Gas Stations
RBC ION+ Visa
3
Finly Rating
Welcome Bonus
12,000 points ($120 value)
Annual Fee
$48
Interest Rates
20.99% / 22.99%
Why we like it
Why we like it
This card is not by any means one of our favorite cards. For an annual fee it offers almost no notable benefits, with many no annual fee credit cards offering much more. The points earned are fine, but given the inflexibility of ION Avion points, it's very hard to get good value for the points earned, and it's much easier to earn more and do the same with some other credit card reward programs.
Pros & Cons
Pros & Cons
Pros
- Insurance coverage is very little for a card with annual fee. There are cards with no annual fee that offer even better benefits.
- Avion reward points are generally not very flexible and not as valuable if not used for WestJet travel; therefore, if that's not your plan, there are many better cards that can be used.
- The annual fee isn't justifiable based on the reward program this card offers.
Cons
- Bonus saving of 3 cents per liter on gas at Petro-Canada stations.
- 12,000 avion points welcome bonus.
Product Details
Product Details
Rewards
- 3 points for every dollar in Grocery, Dining, Food Delivery, Rides, Gas, Electric Vehicle Charging, Streaming, and Digital Gaming & Subscriptions Purchases
- 1 point for everything else
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
Up to a yearMobile Device Insurance
$1,000
Benefits
Details
Gas Discount
save 3¢/L on fuel and always earn 20% more Petro-Points at Petro-Canada
Extra points
50 Be Well points for every $1 spent on eligible products at Rexall
Eligibility
Credit Score
GoodAnnual Income
N/A
For a small annual fee, the RBC ION+ Visa Card earns you points per every dollar spent on gas, including other specialized categories (like groceries, dining, food delivery, rides, electric vehicle charging, streaming, digital gaming, and subscriptions purchases).
On top of your gas rewards, you'll also receive a gas discount that saves you cents per litre on fuel and earns you 20% more Petro Points at Petro Canada.
With limited perks and coverage, this card is an affordable, straight-forward option for those who tend to fuel up at Petro Canada, and those who want to earn competitive points on gas.
Best Gas Credit Cards for Shell Gas Stations
The best credit cards for cardholders that fuel up at Shell tend to be affiliated with BMO. Here are some of the top BMO picks in this category:
BMO CashBack® World Elite® Mastercard®
4.2
Finly Rating
Welcome Bonus
Up to $200
Annual Fee
$120
Interest Rates
20.99% / 23.99%
Why we like it
Why we like it
If you're seeking a cashback credit card, the BMO CashBack® World Elite® Mastercard® stands out for its excellent balance between rewards and benefits. It offers a robust rewards program and a comprehensive benefits list, making it a solid choice. The high first-year value is enhanced by the annual fee waiver, and those with a BMO Premium Chequing Account can enjoy continued fee waivers. While it's highly ranked for rewards alone, it may not be the absolute top choice if benefits are less important to you.
Pros & Cons
Pros & Cons
Pros
- Offers one of the highest cashbacks on groceries and gas, two of the most frequently spent categories, compared to other credit cards in Canada.
- Includes roadside assistance, a rare but valuable benefit for people on the road.
- Provides a comprehensive list of insurance coverage and benefits.
- High first-year value.
Cons
- Does not include restaurant purchases as a reward category, which is one of the most important spending categories.
Product Details
Product Details
Rewards
- 5% cashback on groceries (maximum $25 per statement)
- 4% cashback on daily transit (maximum $12 per statement)
- 3% cashback on gas (maximum $9 per statement)
- 2% cashback on recurring payments (maximum $10 per statement)
- 1% cashback on all other credit card purchases.
Insurance
Coverage
Emergency Out of province Medical
$5M up to 8 days per covered personTravel Accident
$500,000
Flight Delay
$500 After 4 hours delay
Lost or Stolen Baggage
$500/person, $1000 maximumBaggage Delay
$500/person, $1000 maximum After 6 hours
Hotel Burglary Insurance
$1000Car Rental Damage & Theft
$65,000 up to 48 daysPurchase Protection
90 daysExtended Warranty
Up to a year
Benefits
Details
Airport Lounge - Dragon Pass
Pass only, complimentary visits not included
Roadside Assistance
Includes free battery boosts, flat-tire change, lockout service and towingCar Rental Discount
25% off base rate of participating National Car Rental and Alamo Rent a CarGas Discount
Get up to seven cents off per litre on Shell® fuel
Hotel Booking Discount
Save up to 7% on your Booking.com prepaid hotel or property rental bookings
Boingo Wi-Fi hotspot
Eligibility
Credit Score
GoodAnnual Income
$80,000 personal or $150,000 household
The BMO Cashback World Elite Mastercard gets you decent cashback on gas, plus cents off per litre on Shell fuel. These gas perks are paired with respectable travel-oriented coverage and benefits including the airport lounge Dragon Pass, rare Roadside Assistance, and both a car rental and hotel booking discount.
To get this card, you will need to meet some higher income requirements.
Ultimately though, this BMO card is best suited for high-earning moderate travellers who purchase their gas from Shell.
BMO eclipse Visa Infinite* Card
3.6
Finly Rating
Welcome Bonus
Up to 60,000 points and first year fee waived
Annual Fee
$120
Interest Rates
20.99% / 23.99%, for Quebec 21.99%
Why we like it
Why we like it
This card is ideal for individuals who want to maximize rewards on everyday purchases like dining, groceries, and transit while benefiting from a generous welcome bonus and lifestyle credit. However, the point value and high income requirements may be limiting for some.
Pros & Cons
Pros & Cons
Pros
- Earn up to 60,000 BMO Rewards points.
- 5x points on dining, groceries, gas, and transit.
- $50 annual lifestyle credit.
- 10% bonus points when adding an authorized user.
- First-year annual fee waived.
Cons
- Low point value of 0.67 cents per point.
- High income requirements ($60,000 personal or $100,000 household).
- Only 6 types of insurance coverage included.
Product Details
Product Details
Rewards
- 5 points per $1 spent in restaurants, fast foods, coffee shops, food delivery, grocery, gas and daily transit (up to 250,000 points)
- 1 point per $1 spent on all other purchases
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
1 yearMobile Device Insurance
$1,000Travel Accident
$500,000Emergency Out of province Medical
15 daysCar Rental Damage & Theft
yes
Benefits
Details
Visa Infinite Exclusive Benefits
Exclusive luxury hotel collection, unique dining and wine events
Golf Benefit
Troon Rewards Golf benefits like discounts at over 95 resorts and courses around the world plus access to select private clubs across the U.SGas Discount
Up to 7 cents off per litre on Shell® fuel if you are an AirMiles member
Anniversary Credit
Get a $50 anniversary lifestyle credit
Eligibility
Credit Score
GoodAnnual Income
$60,000 personal or $100,000 household
The BMO Eclipse Visa Infinite Card comes with high points per dollar spent on gas, restaurants, fast food establishments, coffee shops, food deliveries, groceries, and daily transit. To top it all off, you'll also get cents off per litre on Shell fuel as long as you're an AirMiles member.
This card's gas advantages accompany some standard insurance coverage including mobile device insurance, and benefits like the Troon Rewards Golf benefits, plus an anniversary lifestyle credit.
Therefore, the BMO Eclipse Visa Infinite Card is best for everyday shoppers looking to optimize their gas purchases (specifically at Shell gas stations) among other high-spend categories.
Best Gas Credit Cards for Costco Gas Stations
CIBC Costco Mastercard
2.8
Finly Rating
Welcome Bonus
N/A
Annual Fee
$0
Interest Rates
20.75% / 22.49%
Why we like it
Why we like it
The CIBC Costco Mastercard offers one of the highest cashback rates on restaurant purchases in Canada, making it an excellent choice for optimizing rewards in this specific category, especially since it has no annual fees. If you use Costco Gas or shop on Costco Online, there is a decent cashback rate as well. However, for other categories, the cashback rate is average. Notably, you will be better off using other credit cards for warehouse Costco purchases, as you will only earn 1% cashback. If you are looking for no annual fee credit cards only, this is a good card to go for.
Pros & Cons
Pros & Cons
Pros
- Decent reward rate for a no annual fee credit card
- One of the highest cashback rates for restaurant purchases in Canada
- Has Mobile insurance
Cons
- Doesn't come with a lot of benefits
- Doesn't earn much on Costco Warehouse purchases!
Product Details
Product Details
Rewards
- 3% cash back on Restaurants and Costco Gas
- 2% cash back on Costco.ca purchases (Max $160 yearly)
- 2% cash back on Gas (Max $100 yearly)
- 1% on everything else
Insurance
Coverage
Mobile Device Insurance
$1000Purchase Protection
Up to 90 daysExtended Warranty
Up to a year
Eligibility
Credit Score
GoodAnnual Income
$15,000 personal
It should come as no surprise that the best credit card for Costco gas is the CIBC Costco Mastercard.
Its top earn-category gets you cashback on Costco Gas, but it also has another earn category that earns you cashback on gas in general. You'll also earn specialized cashback on restaurants and Costco.ca purchases.
Ultimately, this credit card is best for frequent Costco shoppers that collect Costco Gas.
Best Gas Credit Cards for Gas+ Gas Stations
Triangle World Elite Mastercard
3.5
Finly Rating
Welcome Bonus
N/A
Annual Fee
$0
Interest Rates
21.99% / 22.99%
Why we like it
Why we like it
This card is the only one with no annual fee that provides a roadside assistance benefit, which can be a lifesaver for people who travel on the road a lot. The main reason to apply for this card is to have free access to this benefit, given that the rewards are not great in most categories (except for Canadian Tire and grocery purchases).
Pros & Cons
Pros & Cons
Pros
- The only credit card in Canada that offers the highly valuable benefit of roadside assistance!
Cons
- This card has a very low acceptance rate based on prior user applications.
It's not a great option to have as your primary credit card, either in terms of rewards or benefits. However, it's a good card to complement your other credit cards.
Product Details
Product Details
Rewards
- 4% back in CanadianTire dollars on almost everything at Canadian Tire, Sport Chek, Mark’s, L’Équipeur, Party City, Pro Hockey Life, Atmosphere, Sports Rousseau, Hockey Experts, L’Entrepôt du Hockey, and participating Sports Experts stores
- 3% back in CanadianTire dollars on Groceries (Max 360) Except Costco and Walmart
- 1% back in CanadianTire on all other purchases
Insurance
Coverage
Purchase Protection
Up to 90 daysCar Rental Damage & Theft
31 days
Benefits
Details
Gas Discount
Save 7¢/L on premium fuel and 5¢/L on all other fuel types at Gas+ and Petro-Canada locations on gas.svg)
Concierge Services
Roadside Assistance
Roadside Assistance Gold Plan: With the Triangle World Elite Mastercard Roadside Assistance Gold Plan, you get towing distance of up to 250 km per service call to the destination of your choice (within Canada or the US)
Eligibility
Credit Score
ExcellentAnnual Income
$80,000 personal or $150,000 household
On top of fuel at the previously mentioned Petro Canada, with the Triangle World Elite Mastercard, you can also save cents per litre on premium fuel and cents per litre on all other fuel types at Gas+ gas stations. Additionally, you can take advantage of the added roadside assistance Gold Plan, yet another way to keep some peace of mind while taking road trips.
Associated with Canadian Tire, this card earns you cashback in Canadian Tire dollars at participating partners, plus cahsback in Canadian Tire dollars on groceries (excluding Costco and Walmart).
All in all, this card is great for those who are constantly on the road, fuelling up at Petro Canada or Gas+, and frequent shoppers at Canadian Tire.
Best Gas Credit Cards for Pioneer, Fas Gas, Ultramar and Chevron Gas Stations
CIBC Dividend Platinum® Visa* Card
2.8
Finly Rating
Welcome Bonus
Up to $200
Annual Fee
$99
Interest Rates
20.99% / 22.99%
Why we like it
Why we like it
The CIBC Dividend Platinum® Visa Card* offers great cash back rates, especially for gas and groceries, with a lower annual fee of $99. It's a solid option for households with lower income requirements, and the fuel savings with Journie Rewards add extra value. However, the limited insurance coverage and the annual fee might make other cards more attractive if you're looking for more benefits.
Pros & Cons
Pros & Cons
Pros
- 10% Cash Back Welcome Offer: Earn 10% cash back for the first 4 months, up to $2,500 in spending.
- Solid Cash Back Rates: Get 3% cash back on gas, groceries, and EV charging, plus 2% on restaurants, transportation, and recurring bills.
- Fuel Savings: Save up to 10 cents per litre at Journie Rewards gas stations (Ultramar, Fas Gas, Pioneer, Chevron).
- Low Income Requirement: Only a $15,000 household income requirement, making it accessible to a wider audience.
Cons
- Limited Insurance Coverage: Only includes basic insurance options, which may not be ideal for travelers or those seeking comprehensive coverage.
- Annual Fee: The $99 annual fee reduces the net rewards slightly.
Product Details
Product Details
Rewards
- 3% cashback on gas and groceries if they are in the first $80K transactions of the year and $20K of categorical spends
- 2% cashback on transportation, dining and recurring bills if they are in the first $80K transactions of the year and $20K of categorical spends
- 1% cashback on all other eligible card purchases
Insurance
Coverage
Car Rental Damage & Theft
yesTravel Accident
$500,000Purchase Protection
90 daysExtended Warranty
Up to a year
Benefits
Details
Gas Discount
save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stationsCar Rental Discount
Get up to 25% off auto rentals at participating Avis and Budget locations worldwide.
Eligibility
Credit Score
Very GoodAnnual Income
$15,000 household
Like the CIBC Dividend Visa Infinite Card, there are other CIBC credit cards that optimize your gas purchases at Pioneer, Fas Gas, Ultramar and Chevron gas stations. Another more affordable alternative is the CIBC Dividend Platinum Visa Card. This card comes with a smaller annual fee that's waived in the first year.
Notably, it offers good cashback on gas and the same savings on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations as we saw with the CIBC Dividend Visa Infinite Card which are also optimized through Journie Rewards.
It's a simple card, meaning there isn't much insurance coverage or benefits (aside from the gas discount and a car rental discount).
Regardless, this is a great option for those who want some variety in terms of where they can optimize every pump of gas, all at a lower annual cost than the leading CIBC Dividend Visa Infinite Card.
Best Points Credit Cards for Gas Expenses
For those who’d rather tap for points, we’ve still got some great gas credit card contenders.
American Express Cobalt® Card
5
Finly Rating
Welcome Bonus*
Up to 15,000 points
Annual Fee*
$155.8
Interest Rates*
21.99% / 21.99%
Why we like it
Why we like it
This card was voted the Best Credit Card in Canada by FinlyWealth. The rewards earned on this card for a person with average spending exceed those of other credit cards in Canada by a huge margin! In addition, this card has a good benefits coverage, a flexible points redemption program (1:1 transfer to Aeroplan® or Avios), making it the best candidate to become the main credit card for the majority of people.
Pros & Cons
Pros & Cons
Pros
- Points can be transferred to Air Canada Aeroplan® at a 1:1 ratio, making this card a solid Aeroplan® points earner as an alternative to Aeroplan® branded credit cards
- Generous welcome bonus of up to 15,000 points
- 4+ different ways of redeeming your points for great value
- 10 different types of insurance, including travel
- Often referred to as the Best Credit Card in Canada
Cons
- Less acceptance of American Express at different merchants across Canada
- Not all types of travel insurance are covered, especially trip cancellation and interruption insurance
Product Details
Product Details
Rewards*
- 5x points per $1 spent on eligible eats and drinks in Canada, including groceries and food delivery (up to 12,500 points per month)
- 3x points per $1 spent on eligible streaming subscriptions in Canada
- 2x points per $1 spent on eligible gas, transit & ride share in Canada
- 1x point per $1 spent on all other purchases
Insurance*
Coverage*
Emergency Out of province Medical
15 daysFlight Delay
$500Baggage Delay
$500Hotel Burglary Insurance
$500Lost or Stolen Baggage
$500Travel Accident
$250,000Car Rental Damage & Theft
yesMobile Device Insurance
$1,000Purchase Protection
90 daysExtended Warranty
Up to 1 year
Benefits*
Details*
Amex Experiences™
Access Front Of The Line® Amex Presale & Reserved Tickets to some of your favourite concerts and theatre performances and special offers and events curated for Cardmembers with Amex Experiences™.svg)
Travel Credit
Book two or more consecutive nights at participating properties through The Hotel Collection with American Express Travel to receive a $100 credit for amenities or a complimentary room upgrade, if available.
Eligibility*
Credit Score
GoodAnnual Income
N/A
At first glance, it might not seem like the American Express Cobalt Card optimizes its gas category that much. However, when you consider how much American Express Membership Reward points are worth overall, plus all the other perks that make this card “the best credit card in Canada,” you’ll see why it’s the top contender in this category.
The real top-notch earning categories on this card are its dining, groceries, and food delivery categories, followed by eligible Canadian streaming subscriptions, then a specialized category for gas, transit, and ride shares.
Unlike the CIBC Dividend Visa Infinite Card, the American Express Cobalt Card’s coverage is much more comprehensive – adding protections like flight and baggage delay, hotel burglary insurance, and lost or stolen baggage coverage.
This card is a little bit more expensive than the CIBC Dividend Visa Infinite Card, and its annual fee isn’t waived in the first year. That said, it offers a lot more annual value overall.
Ultimately, this points card earns its reputation as the best by being a card that balances value on everyday purchases including gas (through its rewards program), and travel (through its perks, coverage, and redemption options). However, if you’re looking for a card that specifically benefits your gas expenses, the CIBC Dividend Visa Infinite Card is still your top choice.
Scotiabank Gold American Express® Card
4.9
Finly Rating
Welcome Bonus*
Up to 45,000 Scene+ points ($450 value)
Annual Fee*
$120
Interest Rates*
20.99% / 22.99%
Why we like it
Why we like it
The Scotiabank Gold American Express® Card is one of our favorite cards. It has a very solid rewards program, earning one of the highest rewards among all credit cards in Canada. In addition, it offers comprehensive travel benefits, including the rare and valuable no foreign transaction fee benefit, making it a great and balanced credit card in terms of both rewards and benefits. The first-year annual fee waiver is the cherry on top, providing even greater value to cardholders.
Pros & Cons
Pros & Cons
Pros
- No foreign transaction fee saves you 2.5% on all non-CAD purchases.
- Rewards cover all high-spending categories, including food, groceries, entertainment, and gas.
- Comprehensive coverage of all travel insurance.
Cons
- The card network is American Express, which might not be widely accepted in some countries, making it a bit harder to use the no foreign transaction fee benefit.
- Having a lounge pass would have made this card even more perfect, but there is access to a discount code for lounge access pass purchases.
Product Details
Product Details
Rewards*
- 6 Points per $1 spent at Sobeys, Safeway, IGA, Foodland & Participating Co-ops
- 5 Points per $1 spent on eligible dining, other grocery stores, entertainment purchases including movies, theatre, and ticket agencies
- 3 Points per $1 spent on rides which includes rideshare, buses, taxis, subways and more
- 3 Points per $1 spent on eligible streaming service payments (Netflix, Spotify, Disney+, Crave and more)
- 1 Point per $1 spent on all other eligible purchases
Insurance*
Coverage*
Emergency Out of province Medical
$1M, Up to 25 daysEmergency Medical Over 65
$1M, Up to 3 days
Trip Cancellation
$1500/person, $10000/trip
Trip Interruption
$1500/person, $10,000/tripLost or Stolen Baggage
$500/person, $1000/tripBaggage Delay
$500/person, $1,000/trip After 4 hoursFlight Delay
$500/personTravel Accident
$500K/person, $1M/occurrenceCar Rental Damage & Theft
$65K up to 48 daysHotel Burglary Insurance
$1000/occurrenceMobile Device Insurance
$1,000Purchase Protection
90 daysExtended Warranty
Up to 1 year
Benefits*
Details*
No Foreign Transaction Fees
Avoid the 2.5% foreign transaction fees incurred when spending in non $CADAmerican Express® Experiences
Concierge Services
Discount
Discount on PriorityPass Membership
Eligibility*
Credit Score
GoodAnnual Income
$12,000 personal or $12,000 household
For a slightly lower annual fee than the American Express Cobalt Card (one that’s also waived in the first year), with the Scotiabank Gold American Express Card, you can earn solid Scene+ points on every dollar you spend on eligible gas and daily transit (including rideshare, buses, taxis, subway, and more). For even more points, this card features rewards on purchases made at partnered grocers (like Sobeys, Foodland, and Safeway), followed by points on eligible dining, other grocery stores, and entertainment. You can also earn the same amount of points as you do on gas on streaming services.
As for coverage, this card's list is more extensive than the American Express Cobalt Card. With sought-after inclusions like trip interruption, trip cancellation, and emergency medical over 65 insurance, making it a superior travel companion.
The Scotiabank Gold American Express Card’s benefits are also very travel friendly. On top of the standard American Express experiences, this card offers concierge services, a discount on a Priority Pass membership, and the rare no foreign transaction fee perk.
It’s worth mentioning that this card comes with annual income requirements, but they’re pretty minimal.
Overall, you might select this points card for your gas purchases over the American Express Cobalt Card if you’re more of a frequent traveller.
BMO eclipse Visa Infinite* Card
3.6
Finly Rating
Welcome Bonus
Up to 60,000 points and first year fee waived
Annual Fee
$120
Interest Rates
20.99% / 23.99%, for Quebec 21.99%
Why we like it
Why we like it
This card is ideal for individuals who want to maximize rewards on everyday purchases like dining, groceries, and transit while benefiting from a generous welcome bonus and lifestyle credit. However, the point value and high income requirements may be limiting for some.
Pros & Cons
Pros & Cons
Pros
- Earn up to 60,000 BMO Rewards points.
- 5x points on dining, groceries, gas, and transit.
- $50 annual lifestyle credit.
- 10% bonus points when adding an authorized user.
- First-year annual fee waived.
Cons
- Low point value of 0.67 cents per point.
- High income requirements ($60,000 personal or $100,000 household).
- Only 6 types of insurance coverage included.
Product Details
Product Details
Rewards
- 5 points per $1 spent in restaurants, fast foods, coffee shops, food delivery, grocery, gas and daily transit (up to 250,000 points)
- 1 point per $1 spent on all other purchases
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
1 yearMobile Device Insurance
$1,000Travel Accident
$500,000Emergency Out of province Medical
15 daysCar Rental Damage & Theft
yes
Benefits
Details
Visa Infinite Exclusive Benefits
Exclusive luxury hotel collection, unique dining and wine eventsGolf Benefit
Troon Rewards Golf benefits like discounts at over 95 resorts and courses around the world plus access to select private clubs across the U.SGas Discount
Up to 7 cents off per litre on Shell® fuel if you are an AirMiles memberAnniversary Credit
Get a $50 anniversary lifestyle credit
Eligibility
Credit Score
GoodAnnual Income
$60,000 personal or $100,000 household
One look at the BMO Eclipse Visa Infinite Card, and you’ll think you’ve hit the jackpot in terms of gas rewards. While this is still a great points contender for gas, BMO Reward points are overall less valuable than Scene+ points or American Express Membership Reward points.
Nevertheless, this card offers substantial BMO Reward points on gas, plus points on restaurants, fast food eateries, coffee shops, food delivery services, groceries, and daily transit.
Like the Scotiabank Gold American Express Card, the annual fee is waived in the first year, and the BMO Eclipse Visa Infinite Card also has annual income requirements (which run a bit higher than the Scotiabank Gold American Express Card).
Coverage is less extensive, with only 7 featured protections like car rental damage and theft, travel accident, and mobile device insurance.
The benefits are more so where it’s at, with a gas discount at Shell fuel if you’re an AirMiles member, followed by the standard Visa Infinite Exclusive Benefits, a Troon Rewards Golf discount, and an anniversary lifestyle credit.
So, if you’d like to earn points on gas, plus take advantage of a gas discount, and avoid American Express when possible (likely due to its lower acceptance rate), then the BMO Eclipse Visa Infinite Card could be for you.
Best Cashback Credit Cards for Gas Expenses
We’re bringing things back to cashback, presenting you with the top cashback credit cards for gas purchases – one of which you’ll definitely recognize!
CIBC Dividend® Visa Infinite* Card
3.5
Finly Rating
Welcome Bonus
Up to $200
Annual Fee
$120
Interest Rates
20.99% / 22.99%
Why we like it
Why we like it
The CIBC Dividend® Visa Infinite Card* is an excellent choice for those who spend heavily on gas, EV charging, and groceries, offering one of the best cash back rates in those categories. The 10% cash back welcome offer sweetens the deal for new cardholders, though the high income requirements and annual fee may not make it the best fit for everyone. If you can meet the spending and income criteria, it provides solid value, especially with no limits on the total amount of cash back you can earn.
Pros & Cons
Pros & Cons
Pros
- High Cash Back Rates: Get 4% cash back on gas, EV charging, and groceries, plus 2% on restaurants, transportation, and recurring bill payments.
- No Limit on Total Cash Back: No maximum limit on the amount of cash back you can earn annually.
- Fuel Savings: Save up to 10 cents per litre at Journie Rewards gas stations like Ultramar, Pioneer, Fas Gas, and Chevron.
Cons
- High Income Requirement: Personal income of $60,000 or household income of $100,000 is required to qualify.
- Annual Fee: The card comes with a $120 annual fee, which might reduce the overall value for some users.
- Lower Insurance Coverage: Compared to similar cards, the insurance offerings are less comprehensive.
Product Details
Product Details
Rewards
- 4% cashback on Gas and Groceries if they are in the first $80K transactions of the year and $20K of categorical spends
- 2% cashback on Transportation, Dining and Recurring payments if they are in the first $80K transactions of the year and $20K of categorical spends
- 1% cashback on all other credit card purchases.
Insurance
Coverage
Emergency Out of province Medical
$5 Million per person, per trip. 10 day coverageCar Rental Damage & Theft
$65KTravel Accident
$500KMobile Device Insurance
$1000 per person, per occurrencePurchase Protection
90 daysExtended Warranty
Up to a year
Benefits
Details
Gas Discount
save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stationsCar Rental Discount
Get up to 25% off auto rentals at participating Avis and Budget locations worldwide.
Eligibility
Credit Score
Very GoodAnnual Income
$60,000 personal or $100,000 household
Did you really think we could introduce this category without mentioning the CIBC Dividend Visa Infinite Card again?
Equipped with one of the highest cashback earn categories on gas, plus a fuel savings benefit at multiple participating gas stations, this credit card is the perfect gas purchase sidekick.
SimplyCash™ Preferred Card from American Express
4.6
Finly Rating
Welcome Bonus*
Up to $250 ($200 in first year)
Annual Fee*
$119.88
Interest Rates*
21.99% / 21.99%
Why we like it
Why we like it
The Simply Cash Preferred is one of the best cashback credit cards in Canada. The base cashback rate of 2% is great for all purchases, but the 4% on groceries and gas, which are two of the highest expenses for most people is the cherry on top of their great cashback program.
Pros & Cons
Pros & Cons
Pros
- Highest cashback rate on groceries and gas in Canada
- Great base cashback rate for all purchases
- 10 different insurance types included
Cons
- Cash back is only paid out to you once a year
- American Express has a lower merchant acceptance compared to Visa or Mastercard
Product Details
Product Details
Rewards*
- 4% cash back on eligible gas station purchases in Canada
- 4% cash back on eligible grocery purchases in Canada (up to $1,200 cash back annually)
- 2% cash back on all other eligible purchases
Insurance*
Coverage*
Emergency Out of province Medical
$5M/insured PersonFlight Delay
$500Baggage Delay
$500Hotel Burglary Insurance
$500Lost or Stolen Baggage
$500Travel Accident
$100,000Car Rental Damage & Theft
$85K up to 48 daysMobile Device Insurance
$1,000Purchase Protection
90 daysExtended Warranty
1 year
Benefits*
Details*
Amex Experiences™
Access events and special offers curated for Cardmembers with Amex Experiences™
Eligibility*
Credit Score
GoodAnnual Income
N/A
The SimplyCash Preferred Card from American Express is slightly more affordable annually than the CIBC Dividend Visa Infinite Card, but its annual fee unfortunately isn’t waived in the first year. Luckily though, unlike the CIBC Dividend Visa Infinite Card, this card doesn’t have any annual income requirements.
Regarding rewards, you’ll earn the same amount of cashback back on gas and groceries as the CIBC Dividend Visa Infinite Card. Not to mention a better cashback base rate on all other eligible purchases.
The SimplyCash Preferred Card’s insurance coverage is also more extensive than the CIBC Dividend Visa Infinite Card, with the addition of lost or stolen baggage, baggage delay, hotel burglary, and flight delay protections.
The real reason the CIBC Dividend Visa Infinite Card is the better credit card for gas expenses specifically is because it offers a gas discount on top of its competitive gas rewards program. For benefits, the SimplyCash Preferred Card only offers the American Express network’s standard Amex Experiences.
Regardless, if you want some of the best cashback on gas and groceries, an above average base rate on all other purchases, and better insurance coverage, then the SimplyCash Preferred Card could be a great alternative to the CIBC Dividend Visa Infinite Card. But, if you can’t seem to let go of that gas discount, or you want to avoid American Express, then the CIBC Dividend Visa Infinite Card is still superior.
Neo World Elite® Mastercard®
4.6
Finly Rating
Welcome Bonus
N/A
Annual Fee
$125
Interest Rates
19.99% - 26.99% (or 19.99% - 23.99% in Newfoundland and Quebec) / 22.99% - 28.99%
Why we like it
Why we like it
This card offers one of the highest cash back rates in Canada for gas (up to 4%), grocery (up to 7%) and recurring purchases (up to 5%) which is pretty hard to beat. While the cash back rates are very high, you need to mind the spend caps set for each category to see if your earning potential is really that high compared to most other credit cards. However, for a typical person who's spending is generally below $12k per year in grocery, $6k per year in recurring bills and $12k per year in gas then you'll be doing pretty well, especially with the great insurance and benefit offers.
Pros & Cons
Pros & Cons
Pros
- Highest cash back rates in Canada for highest spending categories like Grocery (up to 7%), especially if you keep at least $5k in a Neo everyday account
- 12 different types of insurance coverage
- Airport lounge access with DragonPass with $32 USD per visit
- Additional cash back earning at over 10,000 Neo partners
Cons
- High income requirements of $80,000 personal or $150,000 household
- Cash back spend caps can limit your rewards
- Having to keep at least $5k in an everyday account to boost your cash back tier
Product Details
Product Details
Rewards
- 5% cash back on grocery purchases up to $12,000 spending per year (6% cash back if you have $5k in a Neo everyday account, or 7% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
- 4% cash back on recurring purchases up to $6,000 spending per year (4.5% cash back if you have $5k in a Neo everyday account, or 5% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
- 3% cash back on gas purchases up to $12,000 spending per year (3.5% cash back if you have $5k in a Neo everyday account, or 4% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
- 1% cash back on all other purchases up to $40,000 spending per year
- 5% average cash back at Neo Partners
Note: our reward calculations use the base cash back rates assuming you do not hold any money in a Neo everyday account to earn the higher tier (boosted) cash back rates, otherwise the reward estimates may be higher.
In addition, the extra cash back rate from transactions made at Neo partners has been estimated to boost your overall rate by 0.7% in the calculator.
Insurance
Coverage
Emergency Out of province Medical
Up to $1,000,000Trip Cancellation
$1,000Trip Interruption
$1,000Flight Delay
$500Baggage Delay
$1,000Lost or Stolen Baggage
$1,000Hotel Burglary Insurance
$1,000
Car Rental Accident
$100,000 for cardholder, up to $10,000 per Spouse or Dependent ChildCar Rental Damage & Theft
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Car Rental Personal Effects
$1,000Purchase Protection
90 daysExtended Warranty
1 year
Benefits
Details
Airport Lounge - Dragon Pass
Pass only - pay $32 USD per visit
Eligibility
Credit Score
GoodAnnual Income
$80,000 personal or $150,000 household
It’s about time we brought a Mastercard into the mix. The Neo World Elite Mastercard operates a little differently than traditional credit cards.
Its standard cashback rate on gas is 3%, but if you maintain a balance of $10k in a Neo Everyday account, that rate gets boosted up to 4%, making it comparable to the SimplyCash Preferred Card’s gas earning category. A similar boost can be applied to other reward categories on the card.
You can also optimize your gas cashback rates by purchasing gas from a Neo Partner. Gas chain Neo Partners include Shell, Esso, and Petro Canada.
The Neo World Elite Mastercard also offers more extensive and comprehensive insurance than the SimplyCash Preferred Card.
The drawbacks of the Neo World Elite Mastercard are that it’s a bit more expensive annually than the SimplyCash Preferred Card, plus it comes with high income requirements and no welcome bonus.
In conclusion, you’ll likely only select the Neo World Elite Mastercard if you meet its stricter application requirements, and if you plan on keeping at least $10k in a Neo Everyday account to boost your gas cashback category sufficiently.
BMO CashBack® World Elite® Mastercard®
4.2
Finly Rating
Welcome Bonus
Up to $200
Annual Fee
$120
Interest Rates
20.99% / 23.99%
Why we like it
Why we like it
If you're seeking a cashback credit card, the BMO CashBack® World Elite® Mastercard® stands out for its excellent balance between rewards and benefits. It offers a robust rewards program and a comprehensive benefits list, making it a solid choice. The high first-year value is enhanced by the annual fee waiver, and those with a BMO Premium Chequing Account can enjoy continued fee waivers. While it's highly ranked for rewards alone, it may not be the absolute top choice if benefits are less important to you.
Pros & Cons
Pros & Cons
Pros
- Offers one of the highest cashbacks on groceries and gas, two of the most frequently spent categories, compared to other credit cards in Canada.
- Includes roadside assistance, a rare but valuable benefit for people on the road.
- Provides a comprehensive list of insurance coverage and benefits.
- High first-year value.
Cons
- Does not include restaurant purchases as a reward category, which is one of the most important spending categories.
Product Details
Product Details
Rewards
- 5% cashback on groceries (maximum $25 per statement)
- 4% cashback on daily transit (maximum $12 per statement)
- 3% cashback on gas (maximum $9 per statement)
- 2% cashback on recurring payments (maximum $10 per statement)
- 1% cashback on all other credit card purchases.
Insurance
Coverage
Emergency Out of province Medical
$5M up to 8 days per covered personTravel Accident
$500,000Flight Delay
$500 After 4 hours delayLost or Stolen Baggage
$500/person, $1000 maximumBaggage Delay
$500/person, $1000 maximum After 6 hoursHotel Burglary Insurance
$1000Car Rental Damage & Theft
$65,000 up to 48 daysPurchase Protection
90 daysExtended Warranty
Up to a year
Benefits
Details
Airport Lounge - Dragon Pass
Pass only, complimentary visits not includedRoadside Assistance
Includes free battery boosts, flat-tire change, lockout service and towingCar Rental Discount
25% off base rate of participating National Car Rental and Alamo Rent a CarGas Discount
Get up to seven cents off per litre on Shell® fuelHotel Booking Discount
Save up to 7% on your Booking.com prepaid hotel or property rental bookingsBoingo Wi-Fi hotspot
Eligibility
Credit Score
GoodAnnual Income
$80,000 personal or $150,000 household
Another Mastercard contender, the BMO Cashback World Elite Mastercard is slightly cheaper annually than the Neo World Elite Mastercard, plus the annual fee is waived in the first year. As far as similarities go, the two cards have the same high income requirements, seeing as they’re both part of the World Elite Mastercard tier.
Let's move on to rewards. The BMO Cashback World Elite Mastercard matches both the Neo World Elite Mastercard’s standard gas cashback rate – but as we know, the Neo World Elite Mastercard has the ability to boost this rate with an eligible Neo Everyday account balance. If done so, the Neo World Elite Mastercard's gas category becomes more valuable than the BMO Cashback World Elite Mastercard’s gas category.
As for coverage, the Neo World Elite Mastercard has more valuable insurance in both the lost or stolen baggage and baggage delay categories. It also adds important protections like trip interruption and trip cancellation insurance, plus car rental accident and car rental personal effects insurance.
The BMO Cashback World Elite Mastercard is better for benefits, featuring a gas discount on cents per litre at Shell fuel, the airport lounge Dragon Pass (like the Neo World Elite Mastercard), followed by a car rental discount, a hotel booking discount, the Boingo Wi-Fi hotspot, and rare roadside assistance.
All things considered, you’ll probably pick the BMO Cashback World Elite Mastercard over the Neo World Elite Mastercard if you want better benefits, including a gas discount to pair with your gas cashback. Otherwise, if you want better insurance, don’t mind a slightly higher annual fee, and want to hold onto a balance of at least $5k in a Neo Everyday account, then you might still opt for the Neo World Elite Mastercard as your gas credit card of choice.
CIBC Costco Mastercard
2.8
Finly Rating
Welcome Bonus
N/A
Annual Fee
$0
Interest Rates
20.75% / 22.49%
Why we like it
Why we like it
The CIBC Costco Mastercard offers one of the highest cashback rates on restaurant purchases in Canada, making it an excellent choice for optimizing rewards in this specific category, especially since it has no annual fees. If you use Costco Gas or shop on Costco Online, there is a decent cashback rate as well. However, for other categories, the cashback rate is average. Notably, you will be better off using other credit cards for warehouse Costco purchases, as you will only earn 1% cashback. If you are looking for no annual fee credit cards only, this is a good card to go for.
Pros & Cons
Pros & Cons
Pros
- Decent reward rate for a no annual fee credit card
- One of the highest cashback rates for restaurant purchases in Canada
- Has Mobile insurance
Cons
- Doesn't come with a lot of benefits
- Doesn't earn much on Costco Warehouse purchases!
Product Details
Product Details
Rewards
- 3% cash back on Restaurants and Costco Gas
- 2% cash back on Costco.ca purchases (Max $160 yearly)
- 2% cash back on Gas (Max $100 yearly)
- 1% on everything else
Insurance
Coverage
Mobile Device Insurance
$1000Purchase Protection
Up to 90 daysExtended Warranty
Up to a year
Eligibility
Credit Score
GoodAnnual Income
$15,000 personal
In this category, the CIBC Costco Mastercard will only be a contender if you’re a frequent Costco shopper, otherwise, it might not hold much value.
With this card, Costco members get solid cashback rates on Costco Gas and restaurant purchases, followed by cashback on Costco.ca purchases, and cashback on regular gas – that’s two cashback categories geared towards gas!
The insurance coverage is very low, but you do get mobile device insurance, which is always helpful.
Unfortunately, there are no benefits on this card, so the gas cashback rates will have to be enough to satisfy you.
The two above shortcomings are likely due to the fact that when you have a Costco membership (which you have to in order to apply for this card), there’s no annual fee. It’s pretty common for cards with no annual fees to have less perks.
So, Costco members who want a couple of categories to optimize their gas purchases are the target cardholders for this Mastercard.
Best No Fee Credit Cards for Gas Expenses
You came here looking to save money. So, what better way to honour that goal than by choosing a gas credit card with no annual fee?
Tangerine Money-Back Credit Card
4
Finly Rating
Welcome Bonus
10% Cash Back up to $100 value
Annual Fee
$0
Interest Rates
20.95% / 22.95%
Why we like it
Why we like it
While we think Tangerine isn't the best single credit card to own, it's still a valuable card to have in your arsenal for maximizing your rewards. It offers one of the highest cashback rates for pharmacy and recurring bill payments, areas where your other credit cards might not provide significant rewards. This card only requires a Fair credit score, making it an excellent choice for people who don't have a high credit score yet.
Pros & Cons
Pros & Cons
Pros
- Allows you to change the categories, and you get a 2% reward depending on how your spending is changing every 90 days.
- 2% cashback on recurring Transactions and pharmacy purchases. One of the highest cashback rates on these categories among credit cards in Canada.
- Has cashback on Furniture and Home Improvement categories. Two categories that are not covered by any other card in Canada.
- Easy credit score requirements needed for this card.
- Overall, it is a good no-annual-fee cashback credit card, especially if you have a Tangerine Savings account.
Cons
- Insurance coverage is the most basic.
- Very low cashback rate on the other categories not selected.
Product Details
Product Details
Rewards
- 2% on the choice of two categories chosen from the 10 offered by Tangerine
- 0.5% cashback on all other credit card purchases.
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
Up to a year
Eligibility
Credit Score
GoodAnnual Income
N/A
First up, let’s take a look at the completely customizable Tangerine Money-Back Credit Card.
When you sign up for this card, you can select 2 categories to earn unlimited cashback on out of the ten categories offered by Tangerine. One of these categories, of course, is gas. You can also change categories to suit your spending habits every 90 days. Any unpicked categories will still earn the base rate cashback value, although this rate is considered low. If you have a Tangerine Savings account, you can also select an additional category to optimize.
The focus of this card is its flexible cashback, so there aren’t any benefits, but you will have standard purchase protection and extended warranty insurance.
All in all, you’ll want this card for your gas expenses if you don’t want to pay an annual fee, and you’re looking for some control over your rewards.
Frequently Asked Questions
Is it smart to get a credit card for gas?
If you feel like you’re constantly funding your vehicle’s fuel intake, which most of us are, then opting into a credit card with gas perks (whether that be through rewards or benefits) is a good way to support this everyday expense. Just make sure that you’re ultimately selecting a credit card that complements most of your spending habits on top of your gas needs.