6 Best Gas Credit Cards In Canada for 2024

Gas is a necessary and ongoing expense for many Canadians. If you’re going to spend money at the pumps, why not get rewarded for it? The best credit cards for gas in Canada are designed to help you maximize rewards on fuel purchases.

Best gas credit cards in Canada

Best overall gas credit card

CIBC Dividend® Visa Infinite Card

Annual Fee
$120

Interest Rates
20.99% / 22.99%

Rewards Rate
1%-4%

Intro Offer
N/A

Our Take

Why we like it

You can earn some extremely attractive rates on gas and groceries with the CIBC Dividend Visa Infinite Card — up to a $3,200 cash-back value.

Pros

• Flexible and easy redemption. You can redeem cash back anytime through CIBC Online and Mobile Banking.
• Generous cash back rates on five popular spending categories.

Cons

• You’ll only earn 1% cash back after spending $80,000 across bonus categories. Most credit cards have specific limits for each category, but the CIBC Dividend Visa Infinite collectively caps all bonus rates with an $80,000 limit.
• Insurance offerings are limited compared to what you might expect from a card with a $120 annual fee. However, you can avoid this cost every single year with a CIBC Smart Plus™ Account.

Card Details

• 4% on groceries, gas, and electric vehicle charging, and 2% on transportation, dining and recurring payments. Accelerated rates apply to the first $80,000 spent per year.
• 1% on everything else, and after spending $80,000.
• 0.25% cash back for every $1 spent on a CIBC Global Money Transfer, with no foreign transaction fees.
• Redeem a minimum of $25 cash back at any time through CIBC Online and Mobile Banking.
• $120 annual fee.
• Visa Infinite benefits, including Visa Infinite Concierge, Visa Infinite Luxury Hotel Collection, Visa Infinite Dining Series, and entertainment and lifestyle offers.
• Save up to 10 cents per litre at Chevron, Ultramar and Pioneer gas stations when you link your card with Journie Rewards.
• Access to CIBC Pace It.
• Five types of insurance provided, including 10-day out-of-province/out-of-country emergency medical benefits — up to $5 million in coverage.
• Preferred rates: 20.99% for purchases, 22.99% for cash advances.
• To be eligible, $60,000 (individual) or $100,000 (household) annual income is required. Also, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.

Best for: No annual fees

PC Financial World Mastercard

Annual Fee
$0

Interest Rates
21.99% / 21.97%

Rewards Rate
10x-35x Points

Intro Offer
20,000 Points

Our Take

Why we like it

The PC Financial World Mastercard is a solid choice for avid Loblaws customers.

Pros

• No annual fee.
• High earn rate at the pump (30 points per litre).

Cons

• No travel or car rental insurance.
• Although lower than other cards offered by PC Finanical, the minimum income requiremnet may disqualify some applicants ($50,000 for individuals, $80,000 per household).

Card Details

• No annual fee.
• 35 points per $1 at Shoppers Drug Mart stores, 30 points per litre at Esso and Mobil stations in Canada, 30 points per $1 at Loblaw banner grocery store and 10 points per $1 everywhere else.
• Mastercard Global Services replaces your card or offers a cash advance in emergencies.
• Free extended warranty.
• 24/7 concierge service.

Best for: Cash back

SimplyCash® Preferred Card from American Express

Annual Fee
$119.88

Interest Rates
21.99% / 21.99%

Rewards Rate
2%-4%

Intro Offer
Up to $400

Our Take

Why we like it

Get rewarded at the gas station and grocery store with 4% cash back, plus enjoy a high ongoing flat-rate of 2% cash back on everything else.

Pros

• The unlimited 2% cash-back earn rate is among the highest we evaluated.
• You can earn up to $400 in the first ten months.

Cons

• The bonus rewards rate on gas and groceries drops down to 2% after a $30,000 annual spend.

Card Details

• In your first 10 months as a new SimplyCash® Preferred Card from American Express Cardmember, you can earn a $40 statement credit for each monthly billing period in which you spend $750 in purchases on your Card. This could add up to $400 in statement credits in the first 10 months.
• Earn accelerated earn rates on eligible gas and grocery purchases.
• Earn 4% cash back on eligible gas station purchases in Canada, 4% cash back on eligible grocery store purchases in Canada (up to $1,200 cash back annually) and 2% cash back on all other purchases.
• Access events and special offers curated for Cardmembers with American Express® Experiences.
• Extensive insurance coverage and 24/7 Customer Service.
• 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.

Apply Now

Best for: Students

CIBC Aeroplan® Visa* Card for Students

Annual Fee
$0

Interest Rates
20.99% / 22.99%

Rewards Rate
0.67x-1x Points

Intro Offer
10,000 Points

Our Take

Why we like it

Credit card beginners can use the CIBC Aeroplan Visa Card for Students to accumulate travel rewards thanks to a solid earn rate and a generous welcome bonus.

Pros

• The welcome bonus has no strings attached or hoops to jump through — simply make a purchase a receive 10,000 Aeroplan points.
• Your Aeroplan membership will help you earn points twice as fast at Aeroplan partners and retailers in the Aeroplan eStore when you pay with your Aeroplan credit card.

Cons

• The higher 20.99% interest rate could be a problem for students learning how to use their first credit card.
• To get the best value, you’ll have to be loyal to Air Canada and the Aeroplan rewards program.

Card Details

• 1x Aeroplan points per dollar on gas, electric vehicle charging, groceries and Air Canada travel purchases, up to $40,000 annual spend.
• 1x Aeroplan points per $1.50 spent on all other purchases, including gas, electric vehicle charging, groceries and Air Canada travel purchases that exceed the $40,000 threshold.
• Earn points twice at over 150 Aeroplan partners and 170+ online retailers through the Aeroplan eStore.
• Aeroplan Points never expire and can be redeemed for a variety of travel, merchandise, gift card, and other rewards offered by Aeroplan’s participating partners and suppliers.
• $0 annual fee.
• Get three free months of Uber Pass for discounts on rides, meals and more. Offer ends September 8, 2022.
• Earn 1 Aeroplan point for every $6 spent on CIBC Global Money Transfer, with no transaction fees or interest as long as you pay your balance on time. Offer ends June 30, 2022.
• Maximize your points by adding up to three additional cards and giving them to your spouse or other family members. Points can be shared with other Aeroplan members in your household.
• Earn points by using your CIBC Aeroplan Visa to automatically make recurring bill payments.
• Receive preferred pricing when paying for flights with your Aeroplan points.
• Save up to 25% on car rentals at participating Budget and Avis locations worldwide when paying with your card.
• Save up to 10 cents per litre at participating Chevron, Ultramar and Pioneer gas stations if you link your card with Journie Rewards.
• Use the CIBC Pace It feature to make installment payments on large purchases.
• Four types of insurance are provided: auto rental collision and loss damage insurance, purchase security, extended protection insurance, and $100,000 in common carrier accident insurance.
• Preferred rates: 20.99% for purchases, 22.99% for cash advances.
• To be eligible, you must have full-time status in a college or university.

Best for: Travellers

American Express® Business Gold Rewards Card®

Annual Fee
$199

Interest Rates
Varies

Rewards Rate
1x Point

Intro Offer
40,000 Points

Our Take

Why we like it

No pre-set credit limit and an extended interest-free period make the American Express Business Gold Rewards Card a flexible card option for small businesses. It also earns American Express Membership Rewards points on every dollar spent with the opportunity to nab an extra 10,000 points each time you spend $20,000 in one calendar quarter.

Pros

• No pre-set spending limit.
• 55-day interest-free period.
• Earn bonus rewards points when you meet quarterly spending thresholds.
• Comprehensive insurance coverage.

Cons

• Travel perks are limited to hotel credits and car rental discounts — no lounge access, priority boarding or free checked bags.
• Additional cards for employees cost $50 annually.

Card Details

• Earn 40,000 bonus Membership Rewards® points:
• Earn a welcome bonus of 40,000 Membership Rewards® points after spending $7,500 in purchases within the first three months of Card membership.
• Plus, earn 10,000 bonus points in each calendar quarter when you spend $20,000 or more. That could add up to $400 in value every year.
• That’s $400 in statement credits that can be reinvested in your business.
• Earn points that you can redeem in a variety of ways.
• Earn 1 Membership Rewards point for every dollar in purchases charged to the Card and get the most out of your business expenses.
• Enjoy an exceptional line-up of rewards redemption options for you and your business, including travel, dining, entertainment, gift cards, merchandise, and more with Membership Rewards program.
• Transfer points to frequent flyer and hotel programs, including one-to-one to Aeroplan®* and Avios.
• Unlock business possibilities with a full suite of business management tools that give you more control over your business – anytime and anywhere.
• Take advantage of purchasing power that grows with your business with no pre-set spending limit on purchases. With this Card, your purchasing power adjusts dynamically with your Card usage, and can grow over time, as long as you make your payments on time and maintain a good credit history.
• Maximize your cash flow with up to 55 interest free days so you can keep more cash on hand when you need it most.
• Pay for business expenses over time with Flexible Payment Option.
• This charge card has both Due in Full and Flexible Payment Option balances. All Due in Full balances must be paid each month. Interest rate of 30% applies to each delinquent Due in Full charge. This rate is effective from the day account is opened. Interest rate of 21.99% applies to your Flexible Payment Option balance. This rate is effective from the day the Flexible Payment Option is first available on your account.
• Access comprehensive insurance coverage for your travel needs.
• Access Travel Emergency Assistance, and up to $100,000 Travel Accident Insurance when you fully charge your tickets to your Business Gold Rewards Card.
• Plus, access Lost or Stolen Baggage Insurance, Flight Delay Insurance, and Baggage Delay Insurance when you fully charge your airline tickets to your Business Gold Rewards Card.
• Save money when travelling with complimentary Car Rental Theft and Damage Insurance.
• Access coverage that can protect your business purchases when you charge the full price of eligible items to your Business Gold Rewards Card.
• Protect your eligible purchases against accidental physical damage and theft for up to 90 days with Purchase Protection® Plan.
• Double the manufacturer’s original warranty up to one additional year with Buyer’s Assurance® Protection Plan.
• Access to coverage for mobile devices purchased for business use.
• Access Mobile Device Insurance of up to $1,000 in the event of theft, loss or accidental damage, anywhere in the world, when you fully charge or finance the purchase price of an eligible mobile device on your Business Gold Rewards Card.
• 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.

Apply Now

Best secured gas credit card

Secured Neo Mastercard

Annual Fee
$60

Interest Rates
19.99%-29.99% / 22.99%-31.99%

Rewards Rate
0%-4%

Intro Offer
N/A

Our Take

Secured Neo Mastercard earns cash back rewards and offers access to high-interest savings.

Pros

• A small $50 minimum deposit makes this card accessible to consumers of all budgets.
• Cashback rate of up to 4%.

Cons

• Interest rates could be as high as 29.99% for some users.

Card Details

• Build credit history with on-time payments.
• Set your credit limit and get started with as little as $50.
• Guaranteed approval with no credit score needed to apply.
• 0.5% guaranteed monthly minimum cashback.
• Only $5 / Month
• Depending on your Required Everyday account balance, customers can earn cashback up to 4% on gas, 4% on groceries, and 1% on all other purchases (up to a yearly spend cap).
• Personalized Insights AI generates tailored information and recommendations designed specifically for you.

Apply Now

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What to know about gas credit cards in Canada

Credit cards that earn points or cash back at the pumps are ideal for those who frequently spend on fuel. If you have a long commute to the office, work for a rideshare service or own a gas-guzzler, this kind of card might make sense for your wallet.

Which credit cards offer the most valuable rewards on gas?

Plenty of credit cards earn rewards on dollars spent on fuel, but earn rates and rewards values differ — sometimes dramatically. Getting the biggest bang for your buck is a matter of determining the monetary value of different rewards points to compare the cash-back equivalent per dollar spent.

Some rewards programs publish the monetary value of their points, while others don’t. To develop monetary valuations for programs that are less transparent about the value of their points, NerdWallet Canada compared hundreds of reward redemption data points. We looked at some of the most popular gas cards in Canada to determine the potential value of different gas credit card rewards rates.

Credit cards that reward transit and EV charging

Not everyone drives a car that runs on gasoline, and others don’t drive at all. For some Canadians, transit and electric vehicle charging expenses replace traditional fuel expenditures. Some credit cards that reward gas spending also reward EV charging expenses, including the CIBC Dividend® Visa Infinite Card, BMO CashBack® World Elite®* Mastercard®*, and RBC ION+ Visa Credit Card.

It’s also not uncommon for gas credit cards to reward rideshare and public transit spending. 

How to choose a gas credit card

When comparing gas credit cards, consider the following:

• Spending habits. A gas credit card is most valuable for those who regularly spend on vehicle fuel.
• Rewards programs. When comparing credit card rewards programs, explore earn rates, redemption options, and program terms and conditions to determine whether it’s a program you want to participate in. 
• Earning caps. Some credit cards limit the rewards you can earn over specific time periods, so check the fine print for any program conditions.  
• Annual fees. Generally, the higher a credit card’s annual fee, the more luxurious its perks. Whether a card’s annual fee is worth paying depends on your budget and lifestyle.
• Welcome offers. An introductory bonus adds additional value to a credit card but read the offer’s conditions so you’re aware of any cardholder actions required to unlock the offer.
• Eligibility criteria. Some credit cards carry credit score and annual income eligibility criteria, so consider any qualification criteria before you apply. 

How to get a gas credit card

If you prefer to apply in person and the card provider you’ve selected has a bank branch that you can access, you can fill out an application during business hours. Otherwise, a credit card application can be completed online. The process typically entails:

1. Visiting the provider’s website and navigating to the credit card’s webpage to start the application.
2. Entering your personal information, including your full name, date of birth, residential address, phone number and email address.
3. Submitting any required information to the card provider about your employment status. 
4. Submitting any required information to the card provider about your finances. 
5. Reviewing the card’s insurance coverage and terms and conditions.
6. Submitting your application.

Some credit card providers offer same-day application decisions, while others may take a week or two to process your request. 

Gas credit card alternatives

While gas credit cards offer attractive rewards for road trippers, commuters and highway regulars, they won’t be practical for everyone. If gas purchases don’t comprise a sizable chunk of your everyday expenses, it may be worthwhile to explore alternative credit card options:   

• Grocery credit cards. Credit cards that offer elevated rewards on food shopping, like grocery credit cards, may be practical for those who frequently spend at the grocery store. 
• Travel credit cards. Travel credit cards cater to jet-setters and road-trippers alike with travel insurance, car rental discounts, free checked bags and more.  
• Cash back credit cards. A cash back credit card may offer elevated rewards for dollars spent on groceries, gas, dining, entertainment, public transit, recurring bill payments and more.    

Exploring different card perks and reward program options can help you find a credit card that aligns with your spending habits and financial goals

About the Author

Shannon Terrell

Shannon Terrell is a lead writer and spokesperson for NerdWallet, where she writes about credit cards and personal finance. Previously, she was a writer, editor and video host for financial…

Read more about Shannon Terrell and explore their articles

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