Best Grocery Credit Cards in Canada

Save Money on Groceries by Using the Right Credit Cards

Last updated on August 28, 2018 Views: 3411 Comments: 2
In this article

After rent or mortgage payments and basic utilities, your biggest monthly expense is probably your grocery bill. This is especially true if you’re raising children who constantly complain that there’s nothing to eat in the house!

But there are ways to keep everyone sated and simultaneously make the bills easier to digest, one of which is using a rewards or cashback credit card designed for saving money on groceries.

Grocery Credit Card Canada 2018 Rankings

 Annual Cash Back/Rewards Cash Equivalent on $300 Monthly Grocery SpendSign-Up BonusAnnual FeeRead Review
BMO Sobeys Air Miles Mastercard$18.9/$37.8500 Air Miles welcome bonus $0Read review
BMO IGA Air Miles Mastercard$18.9/$37.8 500 Air Miles welcome bonus $0Read review
Scotiabank Gold American Express$144.0015,000 points when you spend $1,000 in first 3 months$99Read review
PC Financial World Elite Mastercard$108.00None $0Read review
Scotiabank Momentum Visa Infinite$144.00Annual fee waived in the first year$99Read review
Triangle World Elite Mastercard108.00 Canadian Tire MoneyNone$0Read review
SimplyCash Card from American Express$45.00Up to $150 cash back in the first 3 months$0Read review

Best Store-Specific Grocery Cards

BMO Sobeys AIR MILES MasterCard

BMO Sobeys Air Miles MasterCardBMO’s Sobeys and IGA Air Miles Mastercards are great if you love to convert your grocery bills into vacations. The main difference between the two cards concerns where you live and shop. The BMO Sobeys Air Miles Mastercard is ideal for users who live outside of Quebec and like to shop in Sobeys, Foodland and IGA stores. You’ll get 2 Air Miles for every $20 you spend in these participating stores across the country, and 1 Air Mile per $20 spent everywhere else, without any caps.

In your first year you’ll enjoy a welcome bonus of 500 Miles for making a single purchase on the card. There’s no annual fee, and you can also get pay-as-you-go  roadside assistance and a 25% discount at participating car rental companies.

Apply for the BMO Sobeys Air Miles Mastercard here

BMO IGA AIR MILES MasterCard

BMO IGA Air Miles MastercardIf you love earning Air Miles, live in Quebec, and shop at IGA, then the BMO IGA Air Miles MasterCard might be better for you than its sister Sobeys card. With this card, the 2 Air Miles per $20 spend offer applies to grocery purchases at IGA stores in Quebec only. You’ll earn 1 Air Mile per $20 spent elsewhere.

As with the Sobeys card, with the IGA card you’ll enjoy a 500-Mile welcome bonus. The card also has no annual fee and the same perks of roadside assistance, 25% car rental discounts, and extended warranties on purchases.

Apply for the BMO IGA Air Miles Mastercard here

Triangle World Elite Mastercard

ctsf_Triangle_World_Elite_MasterCardEarn Canadian Tire (CT) Money on your regular grocery bills and gas purchases and redeem it on your bill at participating Canadian Tire, Sport Chek, Mark’s/L’Equipeur, and Atmosphere stores. You’ll earn 3% on the first $12,000 you spend on the Triangle World Elite Mastercard at participating grocery stores each year, but then the earn rate drops to 1%. Purchases at Walmart, Walmart Superstore, and Costco aren’t included in the accelerated 3% earn rate, but you do get 4% for purchases at Canadian Tire, Sport Chek, Mark’s/L’Equipeur, and Atmosphere stores without caps, as well as $0.05 per litre for regular fuel and $0.07 per litre on premium fuel at Gas+ pumps.

To qualify for the card you’ll need a minimum personal income of $80,000 or household income of $150,000. Extra perks include roadside assistance, car rental damage coverage, and zero liability purchase protection.

Click here to apply for the CTFS Triangle World Elite Mastercard

PC Financial World Elite Mastercard

President's Choice Financial World MasterCardFrequent shoppers at PC stores can earn 30 PC Optimum points for every $1 spent on groceries and purchases through PC travel and PC mobile with PC Financial World Elite Mastercard. Purchases at Shoppers Drug Mart earn 45 points per $1 spent, $0.03 per litre at Esso gas stations and 10 points per $1 spent everywhere else.

10,000 PC Optimum points are equivalent to $10, which means it could take a while to earn sizable cashback amounts. However, there’s no annual fee and no cap to the amount of PC Optimum points you can earn.

To apply, you’ll need a minimum personal income of $80,000 per year, or $150,000 household income per year and a fair to good credit score. Extra perks include travel emergency medical insurance, car rental damage coverage, and identity theft assistance.

Click here to apply for the PC Financial World Elite Mastercard

Best Overall Earn Rate on Grocery Bills

Scotiabank Gold American Express

Scotiabank Gold American ExpressEarn 4 Scotia Rewards points for every $1 spent on groceries, as well as for eligible gas station, dining, and entertainment purchases. All other purchases earn 1 point per $1. There’s a cap on the accelerated 4 point/$1 earn rate, but it’s $50,000 of annual spending—very high for a rewards card. You’ll drop to the flat 1 point per $1 earn rate after that.

To apply for the Scotiabank Gold American Express, you’ll need a minimum personal income of $12,000 and a good to excellent credit score. You can redeem Scotia points for travel, SCENE movie tickets, and other merchandise. Extra perks that come with the card include access to exclusive Amex concierge events, 25% off car rentals at AVIS and Budget, car rental damage waiver coverage, and a range of travel insurance options.

Click here to apply for the Scotiabank Gold American Express

Scotiabank Momentum Visa Infinite

Carte Visa Infinite Momentum Scotia 243Earn 4% cash back on gas station and grocery purchases, as well as 2% cash back for drug store and recurring bills. These are capped at a total annual spend of $25,000 for each accelerated earn rate, e.g. gas station and grocery purchases are calculated together for the purpose of the annual cap, and drugstore and recurring bills are calculated together as well. Once you exceed these annual caps you’ll get 1% cash back until the start of the next annual cycle.

Aside from those high cash back rates the card also provides six types of travel insurance, extended warranty and purchase protection, and exclusive Visa experiences. To qualify for the Scotiabank Momentum Visa Infinite, you’ll need good to excellent credit and a personal income of at least $60,000 per year, or household income of $100,000.

Click here to apply for the Scotiabank Momentum Visa Infinite

Best Unlimited Cash Back Cards for Groceries

SimplyCash Card from American Express

The NEW SimplyCash Card from American ExpressEarn 2.5% cash back on all of your purchases, not just groceries! However, the 2.5% earn rate is capped at $150 in earned cash back, and the 2.5% rate only applies for the first 3 months. After that, you’ll earn 1.25% cash back on all of your purchases without any caps. Also, there are no restrictions on where you earn cash back, so if you frequently shop in stores that don’t earn an accelerated rate with most other credit cards—like Walmart and Costco—this could be the best card for you.

There’s no annual fee for your credit card, or for up to 9 supplementary cards. Car rental damage coverage, travel insurance, access to exclusive Amex entertainment events, and 1.99% interest on balance transfers within the first 6 months of card membership add to the attraction. You can also earn a $100 cashback bonus each time you refer a friend, up to a total of $1,500 in bonuses per year.

Approval for the SimplyCash card requires only a poor to fair credit score and there are no minimum income requirements.

Click here to apply for the SimplyCash Card from American Express

Bon Appetit!

Article comments

2 comments
Lawrence says:

Roadside assistance is not free on a BMO Sobeys card after following the link provided and getting to https://www.bmosobeys.com/en/no-fee-mastercard/roadside-assistance

Choose BMO Basic Roadside Assistance7 ($69 + tax) or BMO Enhanced Roadside Assistance ($98 + tax) to accommodate all your roadside assistance needs.

The GreedyRates Team says:

Greetings Lawrence,

You’re right! We wrote in the article above that BMO’s Roadside Assistance benefit is unfortunately not included with the BMO Air Miles Sobeys card, so you’ll need to pay as you go. However, even the Basic Roadside Assistance package from BMO is worth the price. Canadians who run out of gas, lock their keys in their car, get a flat tire, or experience a dead battery can simply call the number provided and expect help within an hour or so. This applies anywhere in Canada because most Roadside Assistance programs are provided by DAA (this one included), which is an extremely trustworthy nationwide service. Of course, if you don’t want it—you don’t have to pay for it!

GreedyRates Staff