Gasoline generally is a hefty line merchandise, particularly for Canadians with a each day commute. Utilizing the proper bank card whenever you replenish will earn you a return in your gasoline bills. However which card must you decide? We break down the highest bank cards within the nation that’ll provide help to save on the pump, both with money again or rewards factors.
Greatest fuel bank cards in Canada
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Gold: Greatest fuel bank card
CIBC Dividend Visa Infinite Card
Earn 4% money again on fuel and groceries, and save on the pump with unique gasoline reductions.
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Curiosity Charges:
20.99% buy, 22.99% money advance, 22.99% stability switch
Welcome provide:
$250 worth
Earn a ten% money again welcome bonus of as much as $250 (first 4 statements). Supply not obtainable to QC residents. Phrases and circumstances apply.
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Silver: Greatest fuel bank card
SimplyCash Most popular Card from American Specific
Get 4% money again on fuel and groceries and a couple of% again on all different purchases.
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Curiosity Charges:
21.99% buy, 21.99% money advance, N/A stability switch
Welcome provide:
$250 worth
Earn a bonus 10% money again on all purchases to your first 3 months (as much as $2,000 in purchases). Plus, earn a $50 assertion credit score whenever you make a purchase order in month 13. This might add as much as $250 in bonus worth in your first 13 months.
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TD Money Again Visa Infinite Card
Earn 3% money again on fuel and get free roadside help with a complimentary Deluxe TD Auto Membership membership.
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Curiosity Charges:
20.99% buy, 22.99% money advance, 22.99% stability switch
Welcome provide:
$600 worth
Earn as much as $600 in worth, together with 10% in Money Again {Dollars} within the first 3 months on Bonus Eligible Purchases as much as a complete spend of $3,500. Circumstances apply.
Evaluate one of the best fuel bank cards
Use the desk beneath to check fuel bank card choices, or keep scrolling for our editors’ high picks.
| Greatest card by class | Annual price | Rewards on fuel purchases | Eligibility necessities | Beneficial credit score rating |
|---|---|---|---|---|
|
CIBC Dividend Visa Infinite
|
$120 (rebated first 12 months) | 4% money again | $60,000 per 12 months | 725 or increased |
Amex SimplyCash Most popular |
$120 | 4% money again | None specificed | 725 or increased |
CIBC Costco Mastercard |
$0 | 3% money again at Costco fuel stations
2% money again at different stations |
$15,000 per 12 months | 560 or increased |
Tangerine Cash-Again Mastercard |
$0 | 2% money again | $12,000 per 12 months | 660 or increased |
TD Money Again Visa Infinite |
$139 (rebated first 12 months) | 3% money again | $60,000 per 12 months | 680 or increased |
MoneySense award winners
Dive into the professionals and cons of our gold, silver and bronze-winning bank card picks, in addition to different bank cards with spectacular rewards on fuel purchases.
Gold: Greatest bank card for fuel
At a look: The CIBC Dividend Visa Infinite presents unbeatable rewards for on a regular basis spending, with as much as 4% money again on fuel, EV charging and groceries. With an extra 2% money again on eating, transit and recurring payments, plus 1% on every thing else, this card delivers constant rewards throughout classes. Plus, save as much as 10 cents per litre at choose fuel stations with Journie Rewards. It’s the proper card for anybody looking for versatile money again choices with out sacrificing worth, particularly for frequent drivers and customers.
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CIBC Dividend Visa Infinite
Annual price: $120 (rebated first 12 months)
Welcome provide: Earn 10% money again (as much as $250 in money again in your first 4 statements), plus a first-year annual price rebate. Supply not obtainable to Quebec residents.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers |
| Earnings required | Private revenue of $60,000 or family revenue of $100,000 |
| Credit score rating | 725 or increased |
Silver: Greatest bank card for fuel
At a look: The Amex SimplyCash Most popular is among the finest money again bank cards in Canada for individuals who spend closely on fuel and groceries. Earn an unmatched 4% money again on fuel and grocery purchases and a flat 2% again on every thing else. With extra perks like a complete insurance coverage package deal and entry to Amex advantages, this card is a superb possibility for rewards on on a regular basis spending.
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Amex SimplyCash Most popular
Annual price: $120
Welcome provide: Earn a bonus 10% money again on all purchases to your first three months (as much as $2,000 in purchases) and a $50 assertion credit score whenever you make a purchase order in month 13 (whole worth of as much as $250).
Card particulars
| Rates of interest | 21.99% on purchases, 21.99% on money advances |
| Earnings required | None specified |
| Credit score rating | 725 or increased |
Execs
- Excessive earn charges: Earn 4% money again on fuel and groceries, and a robust base price of two% on all different purchases.
- No revenue requirement: This card is accessible to many Canadians.
- Unique Amex perks: Entry to Amex Entrance of the Line occasions, Amex Invitations, Amex Experiences, tailor-made month-to-month presents, and unique eating and retail experiences.
- Free extra playing cards: Get supplementary playing cards at no additional price.
- Refer-a-friend bonus: Earn as much as $750 money again yearly for authorised referrals.
Cons
- Mediocre insurance coverage package deal: Consists of 10 various kinds of insurance coverage, like prolonged guarantee (producer’s guarantee doubled), buy safety, journey accident, rental automotive theft and harm, and extra. Nonetheless, the protection quantities and limitations should not as robust as different premium playing cards.
- Restricted Amex acceptance: Amex is just not as broadly accepted as Visa or Mastercard.
- Yearly redemptions: Rewards are issued as an announcement credit score annually in September.
Bronze: Greatest bank card for fuel
At a look: The CIBC Costco Mastercard is a no-fee money again card for Costco members. Earn a powerful 3% money again on Costco fuel, making it a superb alternative for drivers seeking to save on the pump. The cardboard additionally doubles as your Costco membership card (although the Costco membership price nonetheless applies). In case you’re a Costco common who values financial savings on fuel and eating, this card is a sensible and rewarding alternative.
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CIBC Costco Mastercard
Annual price: $0
Welcome provide: This card doesn’t have a welcome bonus right now.
Card particulars
| Rates of interest | 20.75% on purchases and 22.49% on money advances |
| Earnings required | $15,000 per 12 months |
| Credit score rating | 560 or increased |
Runners up for rewards on fuel purchases
Tangerine Cash-Again Credit score Card
At a look: With the Tangerine Cash-Again Credit score Card, you may select as much as three out of ten spending classes to earn limitless 2% money again, whereas receiving 0.5% again on every thing else. Customise your spending classes to fit your way of life, and revel in straightforward, computerized month-to-month rewards deposits. With instruments to trace your spending, this card is ideal for these eager to monetize their on a regular basis payments with out paying for the privilege.
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Tangerine Cash-Again Credit score Card
Annual price: $0
Welcome provide: Earn an additional 10% money again in the course of the first two months (as much as $100 in money again).
Card particulars
| Rates of interest | 20.95% on purchases, 22.95% on money advances and 22.95% on stability transfers |
| Earnings required | Private or family revenue of $12,000 |
| Credit score rating | 660 or increased |
TD Money Again Visa Infinite Card
At a look: The TD Money Again Visa Infinite Card is a best choice for drivers, providing 3% money again on fuel, groceries and recurring payments. Get pleasure from complimentary 24/7 roadside help with a Deluxe TD Auto Membership membership at no extra price. With added journey advantages like rental automotive financial savings at Avis and Price range, rental automotive insurance coverage, and entry to different Visa Infinite options, this card is ideal for frequent travellers.
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TD Money Again Visa Infinite Card
Annual price: $139 (rebated first 12 months)
Welcome provide: Earn as much as $600 in worth, together with 10% money again on eligible purchases in the course of the first three months (on as much as $3,500 in purchases). Circumstances apply.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers |
| Earnings required | Private revenue of $60,000 or family revenue of $100,000 |
| Credit score rating | 680 or increased (beneficial) |