| Credit card | Why we find it irresistible |
|---|---|
| Best for cashback on gas CIBC Dividend Visa Infinite Annual Fee: $120 |
4% cashback on gas and electric vehicle charging, plus 4 other bonus categories |
| Best for cashback on gas with no fee Tangerine Money Back Mastercard Annual Fee: $0 |
2% unlimited cashback in two categories of your selection, including gas, with no annual fee |
| Best for roadside assistance TD Cash Back Visa Infinite* Annual Fee: $139 (Discount for first 12 months.) |
3% money back on gas and free roadside assistance with TD Auto Club Deluxe membership |
| Best points bank card for gas PC Financial World Elite Mastercard Annual Fee: $0 |
At least 30 PC Optimum points per liter at Esso and Mobil stations |
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MoneyDown is an award-winning magazine that has been helping Canadians manage money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To provide help to find the very best financial products, we compare offers from over 12 major institutions, including banks, credit unions and card issuers. Find out more about our promoting and trusted partners.
Canada’s best gas bank cards intimately
By Keph Senett on April 3, 2024
Estimated reading time: 6 minutes
Gasoline costs generally is a significant line item, especially for Canadians who commute each day and even in a hybrid situation – and so they are largely outside of our individual control. If you employ the right bank card when filling up, you’ll receive a refund in your fuel costs. But which card do you have to select?
Best cashback bank card for gas
CIBC Dividend Visa Infinite
- Annual fee: $120
- Earning rates: 4% money back on qualifying gasoline, electric vehicle charging and grocery purchases; 2% on dining, each day travel and recurring payments; and 1% on every part else
- Welcome bonus: You can earn a ten% cashback welcome bonus as much as $250 (first 4 settlements). Offer not valid for QC residents. Terms and conditions apply.
- Annual income requirement: Personal income of $60,000 or household income of $100,000
With the Dividend Visa Infinite, CIBC offers a robust competitor within the cashback bank card category, especially for drivers and much more so whenever you add your grocery bill to this card. With 4% back on gas, EV charging and groceries, this card is designed to place a refund in your pocket. There are other bonus categories you should use to earn money back, including 2% on each day transit (including rideshare and public transit) so you may earn rewards on all transportation, in addition to 2% on dining and recurring payments.
Best no-fee cashback bank card for gas
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Tangerine a refund bank card
- Annual fee: $0
- Earning rates: 2% in as much as 3 categories of your selection (including groceries, gas and dining) and 0.5% cashback on every part else
- Welcome bonus: Within the primary two months, you may earn a further 10% back on as much as $1,000 in on a regular basis purchases. The application have to be submitted by April 30, 2024.
- Annual income requirement: Personal or household income of $12,000
The Tangerine Money-Back Mastercard has no annual fee and offers cash-only rewards, making it very attractive to many Canadians. Credit card holders are rewarded with 2% money back on unlimited purchases in two categories of your selection, including gas, groceries, restaurants and drugstores. Choose to have your money mechanically deposited right into a Tangerine savings account to receive 2% cashback in a 3rd category. (You’ll get 0.5% on every part else.) Additionally, in the primary 30 days after card approval, you may transfer balances from higher-interest cards at a low promotional rate of interest of 1.95% for six months (plus 1.5%). % Fee). For those seeking to monetize their fuel purchases without having to pay for the privilege, this no-frills card is a winner.
Best bank card for gas with roadside assistance
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TD Cash Back Visa Infinite Card
- Annual fee: $139 (First 12 months discount.)
- Earning rate: 3% cashback on gas, grocery and recurring bill payments; 1% on all other purchases
- Welcome offer: You can earn as much as $500 in value, including 10% money back dollars in the primary three months on bonus-eligible purchases as much as a complete spend of $3,500. Conditions apply. Account have to be approved by June 3, 2024.
- Annual income requirement: Personal income of $60,000 or household income of $100,000
The TD Cash Back Visa Infinite is a robust money-back card that gives 3% back on gas, grocery, and recurring bill payments (and 1% on every part else). The gas reimbursement rate can be enough to place the cardboard on our list, nevertheless it’s actually the roadside assistance (amongst other advantages) that makes it a standout card for drivers. Cardholders receive free emergency roadside assistance with an included deluxe TD Auto Club membership. This package includes 24-hour emergency calls, towing, lockout and winching services, emergency traffic accident transportation, meals, lodging and necessities, and even reimbursement options for issues that TD Auto Club was unable to assist with. In addition, cardholders receive rental automobile loss and collision insurance in addition to discounts on Avis and Budget. For frequent commuters or road trippers, these perks can easily cover the cardboard’s annual fee.
Best points bank card for gas
PC Financial World Elite Mastercard
- Annual fee: $0
- Earning rates: 45 PC Optimum points per $1 at Shoppers Drug Mart; 30 points per $1 at Loblaw banner grocery stores (including No Frills) and 10 points per $1 on every part else
- Welcome bonus: You can earn 20,000 PC Optimum points (price $20).
- Annual income requirement: Personal income of $80,000 or household income of $150,000
The PC Optimum program is probably the most popular rewards programs in Canada, due partly to its flexibility and ease of use, allowing redemption at checkout. The no-fee PC Financial World Elite Mastercard offers accelerated earning opportunities at Shoppers Drug Mart and Loblaw family grocery stores akin to No-Frills, Real Canadian Superstore and Fortinos, in addition to greater than 4,500 Esso and Mobil gas stations across Canada. The latter earns you at the least 30 points per liter (prices vary depending on location). PC Optimum points will be redeemed to the worth of 10,000 points (akin to $10) by simply presenting your card on the checkout counter at a participating retailer. At Esso you may redeem points for gas and automobile washing.
How we determine the very best cards
The MoneyDown editorial team selects the very best bank cards by evaluating the worth they provide Canadians across various categories. Our rating of the very best gas bank cards is predicated on an intensive list of card details and features – with a give attention to those that matter to drivers – including annual fees, rates of interest, welcome offers, reward rates, annual income requirements, and perks akin to insurance coverage and roadside assistance. Our rankings are an unbiased source of knowledge for Canadians. Adding links from affiliate partners doesn’t affect results. Read more about how MoneyDown makes money.
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