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Best Gas Credit Cards in Canada

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Last updated on June 29, 2022 Comments: 4

With air travel still very much a risky proposition during the COVID-19 pandemic, we are living in the age of the road trip. With all that driving, there is no better time to save money on gas. Thankfully, there are plenty of credit cards in Canada that can provide those savings automatically.

Below you’ll find the credit cards that give you the most of either cash back or reward points for gas purchases in Canada.

The Best Credit Cards for Gas in Canada

Card NameGas RewardsAnnual Fee
CIBC Dividend® Visa Infinite* CardAfter the Welcome Offer 4% cash back on eligible gas and grocery purchasesSee terms
TD Cash Back Visa Infinite* Card3% cash back$120 (First Year Fee Rebate)
MBNA Smart Cash Platinum Plus2% cash back$0
American Express® Gold Rewards Card2 points per $1$250
Tangerine Money-Back Credit Card2% cash back on up to three selected categories, including gas$0
Triangle™ Mastercard®Collect 5 cents per litre in Canadian Tire Money at participating Gas+ Stations$0

Terms and conditions apply.

Apply Now
Who’s Eligible?
– Recommended Credit Score: Good
– Minimum Income: $60,000 individual, $100,000 household
– Age: The age of majority in your province or territory
– Residency: Canadian
– Other: No bankruptcy in the past 7 years

 

The CIBC Dividend® Visa Infinite* Card delivers the highest regular cash back rate on gas available in Canada at 4%. That means if you spend $60 on gas, you’re getting $2.40 back. Most other cards only offer 2% or 1.5% on gas. This deal is even sweeter for new cardholders with the Welcome Offer: Get a first-year annual fee rebate and earn a 10% cash back welcome bonus of up to $300!† So during the 4-month welcome period that same $60 spent on gas will give you $6 back instead of $2.40.

If you don’t meet the CIBC Dividend Visa Infinite Card’s income requirements, check out the CIBC Dividend Platinum® Visa* Card instead. It gives a strong 3% cash back rate on gas and the income requirement is a mere $15,000 per year.

Key Features

  • Welcome Offer: Get a first-year annual fee rebate and earn a 10% cash back welcome bonus of up to $300!
  • Regular Cash Back: After that 4% cash back on eligible gas and grocery purchases; 2% cash back on eligible transportation, dining purchases and recurring payments; 1% cash back on all other purchases; Get cash back on demand – redeem your cash back at any time when you have a minimum of $25 through CIBC Online and Mobile Banking®
  • Additional Perk: No limit on annual cash back
  • Annual Fee: $120 (first year rebate)
  • Interest Rates: 20.99% Purchase Annual Interest Rate, 22.99% (for non-Quebec residents only) Cash Advance Annual Interest Rate and 22.99% (for non-Quebec residents only) Balance Transfer Annual Interest Rate

Conditions apply

This is a digital-exclusive offer. To be eligible for this offer, you must apply for a new eligible card using the “Apply Now” link available on this webpage.

*Quebec Residents – Learn More about this CIBC product here

Résidents du Québec : Pour en savoir plus sur ce produit CIBC, suivez ce lien

Click here to apply for the card or learn more about it by reading our complete CIBC Dividend® Visa Infinite* Card review.

TD Cash Back Visa Infinite* Card

Apply Now
Who’s Eligible?
– Recommended Credit Score: Good-Excellent
– Minimum Income: $60,000 individual, $100,000 household
– Age: The age of majority in your province or territory
– Residency: Resident of Canada. Offer not available to residents of Quebec. Quebec residents click here.
– Other: No bankruptcy in the past 7 years

 

The cash back rate for gas on the TD Cash Back Visa Infinite* Card is only one percentage point lower than the CIBC Dividend Visa Infinite Card at 3%, which is still very respectable and much higher than the rates available for gas on most cash back cards out there. The TD Cash Back Visa Infinite* Card also features a solid sign-up bonus: Earn 10% Cash Back on all Purchases for the first 3 months up to a total spend of $2,000. After your first $2,000 in Purchases, Gas Purchases, Grocery Purchases and Pre-Authorized Payments will continue to earn 6% up to a total spend of $3,500 for the first 3 months. Plus, no Annual Fee for the first year for the Primary and Additional Cardholders. Conditions apply. Must apply online by September 5, 2022.

Key Features

  • Welcome Bonus: Apply online by September 5, 2022 and earn 10% Cash Back on all Purchases for the first 3 months up to a total spend of $2,000. After your first $2,000 in Purchases, Gas Purchases, Grocery Purchases and Pre-Authorized Payments will continue to earn 6% up to a total spend of $3,500 for the first 3 months. Plus, no Annual Fee for the first year for the Primary and Additional Cardholders. To receive the first-year annual fee rebate, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening.
  • Cash Back: Earn 3% cash back on gas, groceries and recurring bill payments, 1% on all other purchases
  • Additional Perks: Travel medical insurance and emergency roadside assistance

Click here to apply for the card or learn more by reading our complete TD Cash Back Visa Infinite* Card review.

Terms and conditions apply.

MBNA Smart Cash Platinum Plus® Mastercard®

Apply Now
Who’s Eligible?
– Recommended Credit Score: Good
– Minimum Income: N/A
– Age: The age of majority in your province or territory
– Residency: Resident of Canada. Offer not available to residents of Quebec. Quebec residents click here
– Other: No bankruptcy in the past 7 years

 

If you’re looking for the best cash back on gas for the average joe, MBNA Smart Cash Platinum Plus® Mastercard® is it. It has no annual fee, no income requirement and your credit score needs to be average. Plus, for the first six months, MBNA Smart Cash Platinum Plus competes with those slightly better cards when you can get 5% cash back on gas and groceries, which translates to $6 back from a $120 spend. The cap is also lower, as it’s up to $500 in purchases. Still, the rate switches to 2% thereafter, and remains consistent.

Key Features

  • Welcome Bonus: 5% cash back on gas and groceries in the first 6 months (spending capped at $500)
  • Cash Back: 2% cash back on gas and groceries (spending capped at $500)
  • Purchase APR: 19.99%
  • Balance Transfer APR: 22.99%
  • Cash Advance APR: 24.99%
  • Additional Perks: No annual fee for you and up to 9 authorized users, purchase assurance, extended warranty and rental car discounts

Click here to apply for the card or learn more by reading our complete MBNA Smart Cash Platinum Plus® Mastercard® review.

Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button.

American Express® Gold Rewards Card

Apply Now
Who’s Eligible?
– Recommended Credit Score: Good-Excellent
– Minimum Income: N/A
– Age: The age of majority in your province or territory
– Residency: Resident of Canada.
– Other: Must have an active credit file

 

The American Express® Gold is the best card for gas for a frequent flyer, as the points you earn can be transferred 1:1 to many travel programs, including Aeroplan.  You get 2 points per $1 spent at eligible gas stations, but the sign-up bonus ranks this card among “the best.” New cardholders earn up to 50,000 Membership Rewards® points – that’s $500 in statement credits towards your next flight or dinner out with friends that has been charged to the card.

  • New American Express® Gold Rewards Cardmembers can earn a Welcome Bonus of 40,000 points when you charge $3,000 in purchases to your Card in your first 3 months of Cardmembership
  • Plus, earn an additional 10,000 points when you make a purchase between 14 and 17 months of Cardmembership
  • Terms and conditions apply.

Key Features

  • Welcome Bonus: Up to 50,000 Membership Rewards® (conditions apply)
  • Rewards: Earn 2 points for every $1 in card purchases at eligible gas stations, grocery stores, and drugstores in Canada, and for eligible travel purchases. Earn 1 point for every $1 in Card purchases everywhere else.
  • Additional Perks: Valuable travel insurance coverage, flexible point redemption, referral bonuses and more.

Click here to apply for the card and learn more.

Tangerine Money-Back Credit Card

Apply Now
Who’s Eligible?
– Recommended Credit Score: Fair-Good
– Minimum Income: $12,000
– Age: The age of majority in your province or territory
– Residency: Resident of Canada.

 

The Tangerine Money-Back Credit Card lets you choose two categories out of ten to earn 2% cash back on your purchases, all without any annual fee. A third category may be selected if you choose to have your Rewards deposited into your Tangerine Savings Account. If you want to earn cash back on gas without dishing out a hefty annual fee, the Tangerine card can make for a great companion to your existing rewards card. If you have another card that earns a higher rate on categories like restaurants or groceries, then you can choose to earn a higher rate on gas purchases with this card, making it a great solution for bridging the gap in your cash back earnings.

Key Features

  • Welcome Bonus: Special 10% cash back rate on the first $1,000 spent with the card ($100 cash back) in the first two months*, apply by July 31, 2022.
  • Rewards: 2% on up to three select categories and 0.5% on everything else
  • Purchase APR: 19.95%
  • Balance Transfer APR: 1.95% for the first 6 months if you balance transfer within 30 days of getting your card (1% transfer fee applies) and then 19.95%
  • Additional Perks: No annual fee, free extra cards, purchase insurance, extended warranty coverage

Click here to apply for the card or learn more by reading our complete Tangerine Money-Back Credit Card review.

*Terms and Conditions apply

Triangle™ Mastercard® by Canadian Tire

Apply Now

Who’s Eligible?
– Recommended Credit Score: Fair-Good
– Minimum Income: Must be currently employed or retired
– Age: The age of majority in your province or territory
– Residency: Resident of Canada.
– Other: No bankruptcy in the past 7 years

 

The Triangle™ Mastercard® is for frequent shoppers at Canadian Tire or its participating retailers* since all its rewards come in the form of Canadian Tire Money. Canadian Tire Money has the same value as real money but can only be applied to purchases at Canadian Tire or its participating retailers* as a value discount. For example, if you buy one litre of gas at participating Gas+ stations and receive the five cents in Canadian Tire Money per litre that means you can redeem 5 cents for your next Canadian Tire purchase. Therefore, if Canadian Tire doesn’t play a significant role in your shopping habits, this isn’t the card for you. However, if you go to Canadian Tire or it’s participating retailers* a lot, you can collect Canadian Tire money.

Key Features

  • Rewards: 5 cents per litre in Canadian Tire Money at participating Gas+ stations, 4% of Canadian Tire Money at Canadian Tire, Sport Chek, Atmosphere, Sports Rousseau, Hockey Experts, L’Entrepot du Hockey, Mark’s/L’Equipeur, and participating Sports Experts stores. Collect 1.5% back in CT Money®** on almost all your grocery purchases when you pay with your Triangle Credit Card (on the first $12,000 per year; excludes Costco and Walmart).
  • Additional Perks: No fee, no interest financing on purchases of $150 or more at participating stores*
  • Annual Fee: $0

Click here to apply for the card or learn more about it by reading our complete Triangle Mastercard review.

*Terms and Conditions Apply

Best Credit Cards for Gas Compared

Credit Card Rewards on GasWelcome BonusAnnual Fee
CIBC Dividend® Visa Infinite* CardRegular earn rate of 4% cash backGet a first-year annual fee rebate and earn a 10% cash back welcome bonus of up to $300!$120 First Year Annual Fee Rebate Apply Now

20.99% Purchase Annual Interest Rate,
22.99% (for non-Quebec residents only) Cash Advance Annual Interest Rate, and 22.99% (for non-Quebec residents only) Balance Transfer Annual Interest Rate
TD Cash Back Visa Infinite* Card3% cash back on gas, groceries and recurring bill paymentsEarn 10% Cash Back on all Purchases for the first 3 months up to a total spend of $2,000. After your first $2,000 in Purchases, Gas Purchases, Grocery Purchases and Pre-Authorized Payments will continue to earn 6% up to a total spend of $3,500 for the first 3 months. Plus, no Annual Fee for the first year for the Primary and Additional Cardholders. Conditions apply. Must apply online by September 5, 2022.$120 First Year Annual Fee RebateApply Now
MBNA Smart Cash Platinum Plus2% cash back on gas and groceries5% cash back on eligible gas and grocery purchases in the first six months$0Apply Now
American Express® Gold Rewards Card2 points per $1 at gas stationsUp to 50,000 Membership Rewards® (conditions apply)$250 Apply Now
Tangerine Money-Back Credit Card2% cash back on two categories, including gas1.95% interest rate on balances transferred to Tangerine for 6 months (1% transfer fee applies). Special 10% cash back rate on the first $1,000 spent with the card ($100 cash back) in the first two months*, apply by July 31, 2022.$0Apply Now
Triangle™ Mastercard®5 cents per litre in Canadian Tire Money on gas at participating Gas+ stationsN/A$0Apply Now

Terms and conditions apply.

TD Cash Back Visa Infinite* Card offer is not available for residents of Quebec. For Quebec residents, please click here.

Power of the Pump

If you want more when paying at the pump, these credit cards will give you the most. Whether it’s cash back or reward points, you’ll cover gas for every carpool, ride out with friends or roadtrip and reap the benefits these cards have to offer. In a time when every penny counts, make each litre count as well.

American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.

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Author Bio

Aaron Broverman
Aaron Broverman is a freelance writer based in Toronto. When he’s not writing about money for publications like Yahoo Canada and GreedyRates, you’re likely to find his nose in a comic book. He likes comics so much, he hosts a podcast called Speech Bubble where he interviews those involved in the comic industry. You can follow him on Twitter: @broverman

Article comments

4 comments
Davien Reed says:

You definitely want to stay away from PC Financial MasterCard. While you might indeed earn .10 per litre in short term, if you purchase too much fuel, say you have a work truck and fill every other day, they actually will shut your card down, claim they can do so for no reason (they’re right) and your credit takes a hard knock. This is because PC Financial doesn’t want you to use the card that way and it’s in their fine print.

Another thing to keep in mind is PC Financial monitors all your transactions. Not in the sense of looking for fraud or to improve their products but rather to judge you personally and if they feel you are buying things perhaps for your business rather than home, again your account is revoked.

They are a bank geared for low income earners and those with a poor education or new immigrants. Their business model is set up to exploit this. It’s not a good card at all for those who actually read the fine print. If you’re thinking of PC Financial give their CSR a call to ask and after your one hour plus hold you can also ask yourself if this is really the right financial institution for you.

Daniel at GreedyRates says:

Hi Davien,
Thanks for sharing your experience and appreciate the warning. I’m sorry that your account was revoked- the fine print will always get you. Since the PC Financial Mastercard didn’t work in your favour, did you settle on a more favorable alternative?

Joe says:

Best Gas Car is PC MasterCard world elite with purchases at Mobil Stations. up 10 cents per litre off all the time. This card beats all on your list. I will let you do the calculations

Aaron Broverman says:

Already trolling eh Joe? Honestly, I don’t actually pick the list, I just do the write-up on each card that’s pre-picked by the Greedyrates brain trust, so we might have to wait until the next iteration of this article to include your suggestion. I will take it under advisement though. Good looking out.