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Compare the Best Gas Rewards Cards

Find the best gas credit card and start earning points or cash back when you pay at the pump.

Select your priority

Select your rewards preference

Select your annual fees

What is a gas rewards card?

Rewards credit cards offer points or cash back on spending categories like groceries, drugstore purchases, and entertainment. However, a gas rewards credit card earns points on everyday purchases while maximizing specifically on fuel purchases as well. In general, gas credit cards can be used at almost any retailer where the credit card is accepted.

So if you’re a frequent driver or you take a lot of road trips with the family, it’s a good way to capitalize on those trips to the pump.

Our top picks 

Credit card 

Great features 

Annual fee 

1. American Express CobaltTM Credit 

  • Earn two points for every $1 spent on eligible travel and transit, including stand-alone gas stations.

$156 ($12.99 per month)

2. Scotiabank®* Gold American Express® Card 

  • Earn three Scotia Rewards points for every $1 spent on eligible gas and daily transit. 

$120 (First year waived) 

3. RBC Avion®Visa Infinite Card 

  • Link your card and instantly save 3¢/L on fuel at Petro-Canada. Plus, earn 20% more Petro-Points. 

$120 

4. BMO eclipse Visa Infinite* Card 

  • Earn five BMO Rewards points for every $1 spent on gas.  
  • Plus, earn 10% more rewards with an authorized user. 

$120 (First year waived) 

5. BMO CashBack World Elite* Mastercard* 

  • Earn 3% cash back on your first $300 in vehicle fuel purchases each month, including electric vehicle charging. 
  • Get roadside assistance. 

$120 (First year waived) 

6. TD Cash Back Visa Infinite* Card 

  • Earn 3% cash back on eligible gas purchases. 
  • Get a free Deluxe TD Auto Club Membership. 

$120 (First year rebated) 

7. President’s Choice Financial® World Elite Mastercard® 

  • Earn at least 30 points per litre at Esso and Mobil gas stations. 

$0 

8. Tangerine Money-Back Credit Card 

  • Earn up to 2% cash back on gas. 

$0 

1. American Express CobaltTM Credit

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$875
+ Annual rewards
$1155
- Annual fee
$156
Total first year value
$1874
American Express CobaltTM Credit Card

card image
Welcome bonus
$875
AMEX Rewards points
Annual rewards
$1155
AMEX Rewards points
Annual fees:
$156
Interest rates:
20.99% on purchases • 21.99% on cash advances
2021 Winner – Best Overall Rewards Credit Card, Best Credit Card for Young Professionals, and Best Credit Card for Earning Travel Points.
Particularly great for individuals who live in the city, eat out often or order in.
Details at a glance Collapse details
Welcome bonus
$875
Annual rewards
$1155
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$875
+ Annual rewards
$1155
- Annual fee
$156
Total first year value
$1874
Annual fees:
$156
Interest rates:
20.99% on purchases
21.99% on cash advances
2021 Winner – Best Overall Rewards Credit Card, Best Credit Card for Young Professionals, and Best Credit Card for Earning Travel Points.
Particularly great for individuals who live in the city, eat out often or order in.
Details at a glance Collapse details

The American Express CobaltTM Credit Card offers 5X the points for every $1 spent on eligible travel and transit purchases, including stand-alone gas stations. Not only that, but as part of the Membership Rewards® program, this card has flexible redemption options. Redeem points for almost anything — from travel to statement credits; you name it.

According to our Best of Finance methodology, the average Canadian will earn around $1,874 in Membership Rewards® points in the first year.

Credit score requirement for approval:

Fair: You’ve had a credit card or loan for one or more years. For the last two years, you’ve paid back debts to creditors (with no defaults). You haven’t missed more than two payments on your credit in the last three months.

Annual fee:

$155.88 ($12.99 per month)

Annual fee for additional cardholders: $0

Limited time offer/bonus:

  • Earn up to 50,000 Membership Rewards® points. Earn 2,500 points each monthly billing period in which you spend at least $500 on your card for 12 months. This could add up to 30,000 Membership Rewards® points in the first year. Plus, you can earn a Welcome Bonus of 20,000 Membership Rewards® points when you spent at least $3,000 in the first three months.

Offer expiry date: N/A (Subject to change without notice)

Rewards:

  • Earn five points for every $1 spent on eligible restaurants and food delivery purchases in Canada.
  • Earn three points for every $1 spent on eligible streaming subscriptions in Canada.
  • Earn two points for every $1 spent on eligible travel and transit, including stand-alone gas stations.
  • Earn one point for every $1 spent on all other purchases.

Earning potential:

How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.

Rewards earned over a 12-month period = 116,000 Membership Rewards® points
Monetary value = $2,030
Annual fee = $156*
Total earned over the first year (rewards minus annual fee) = $1,874

*The American Express CobaltTM Credit Card has a $12.99 monthly fee ($155.88 per year).

You can redeem your points for:

  • Travel
  • Fixed Points Travel Program
  • Merchandise
  • Amazon.ca purchases
  • Gift cards
  • Statement credits

Insurance:

  • Out of province/country emergency medical insurance
  • Flight delay insurance
  • Baggage delay insurance
  • Lost and stolen baggage insurance
  • Hotel burglary insurance
  • Travel accident insurance
  • Car rental theft and damage insurance
  • Mobile device insurance
  • Purchase security
  • Extended warranty

Other perks:

  • Access American Express Experiences for exclusive offers and curated events.
  • Receive regular offers through the Cobalt Perks program.
  • Access The Hotel Collection for benefits at over 600 participating hotels and resorts.

2. Scotiabank®* Gold American Express® Card

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Gift card
$150
+ Welcome bonus
$500
+ Annual rewards
$744
- Annual fee (First Year Waived)
0
Total first year value
$1394
Scotiabank®* Gold American Express® Card

card image
Welcome bonus
$500
Scotia Rewards points
Annual rewards
$744
Scotia Rewards points
Annual fees:
$120 (First Year Waived)
Interest rates:
19.99% on purchases • 22.99% on cash advances
$150 Amazon e-Gift Card from RATESDOTCA
2021 Winner – Best Credit Card With No Foreign Transaction Fees for Long Stay Travellers, and Best Credit Card for Staying Home and Ordering In
Strong travel perks and 0% foreign transaction fees compliment great reward value
Details at a glance Collapse details
Welcome bonus
$500
Annual rewards
$744
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Gift card
$150
+ Welcome bonus
$500
+ Annual rewards
$744
- Annual fee (First Year Waived)
0
Total first year value
$1394
Annual fees:
$120 (First Year Waived)
Interest rates:
19.99% on purchases
22.99% on cash advances
$150 Amazon e-Gift Card from RATESDOTCA
2021 Winner – Best Credit Card With No Foreign Transaction Fees for Long Stay Travellers, and Best Credit Card for Staying Home and Ordering In
Strong travel perks and 0% foreign transaction fees compliment great reward value
Details at a glance Collapse details

The Scotiabank®* Gold American Express® Card offers 3X the Scotia Rewards points for gas and daily transit, meaning cardholders get three points for every $1 spent on these types of purchases. This card is also one of the best travel rewards credit cards on the market. Get the rewards of a gas card and the perks and benefits of a lifestyle card.

According to our Best of Finance methodology, the average Canadian will earn $1,244 in Scotia Rewards points in the first year.

Credit score requirement for approval:

Good: You’ve had a credit card or loan for at least six years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on my existing credit cards for the past three months.

Annual fee:

$120

Annual fee for additional cardholders: $29

Limited time offer/bonus:

  • Earn up to 50,000 bonus Scotia Rewards points. Get 30,000 Scotia Rewards points when you spend at least $1,000 in the first three months. Get another 20,000 Scotia Rewards points when you spend at least $7,500 in the first 12 months. Plus, Scotiabank will waive the annual fee for the first year, including on supplementary cards.

Offer expiry date: November 21, 2021

Rewards:

  • Earn five Scotia Rewards points for every $1 spent on eligible grocery, restaurant, fast food, food delivery, food subscription, and entertainment purchases.
  • Earn three Scotia Rewards points for every $1 spent on eligible gas and daily transit purchases and select streaming services.
  • Earn one Scotia Rewards point for every $1 spent on everything else.

Earning potential:

How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.

Rewards earned over a 12-month period = 124,400 Scotia Rewards points
Monetary value = $1,244
Annual fee = $0*
Total earned over the first year (rewards minus annual fee) = $1,244

*The $120 annual fee is waived for the first year.

You can redeem your points for:

  • Travel
  • Merchandise
  • Gift cards
  • Charitable donations
  • Statement credits
  • Convert to SCENE points

Insurance:

  • Travel emergency medical insurance
  • Trip cancellation/trip interruption insurance
  • Flight delay insurance
  • Delayed and lost baggage insurance
  • Travel accident insurance
  • Rental car collision/loss damage insurance
  • Hotel/motel burglary insurance
  • Purchase security
  • Extended warranty
  • Scotia Credit Card Protection (optional)

Other perks:

  • Access American Express Invites® for exclusive offers and curated events.
  • Get the Best Price Guarantee on airfare through the Scotia Rewards Travel Service.
  • Save time booking reservations or tickets with the 24/7 concierge services.
  • Pay no foreign transaction fees on foreign currency purchases made abroad and online, typically around 2.5%. Only the exchange rate applies.

3. RBC Avion® Visa Infinite Card

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$750
+ Annual rewards
$527
- Annual fee
$120
Total first year value
$1157
RBC Avion® Visa Infinite

card image
Welcome bonus
$750
RBC Rewards points
Annual rewards
$527
RBC Rewards points
Annual fees:
$120
Interest rates:
19.99% on purchases • 22.99% on cash advances
Travellers earn points redeemable on flights through various airline rewards programs
Includes comprehensive travel insurance and generous mobile device insurance
Details at a glance Collapse details
Welcome bonus
$750
Annual rewards
$527
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$750
+ Annual rewards
$527
- Annual fee
$120
Total first year value
$1157
Annual fees:
$120
Interest rates:
19.99% on purchases
22.99% on cash advances
Travellers earn points redeemable on flights through various airline rewards programs
Includes comprehensive travel insurance and generous mobile device insurance
Details at a glance Collapse details

Get instant savings on fuel with the RBC Avion® Visa Infinite Card. Link your card to save three cents a litre on fuel at Petro Canada and earn 20% more Petro-Points. Also, get 20% more RBC Rewards points for every $1 spent at Retail Petro-Canada locations.

According to our Best of Finance methodology, the average Canadian will earn around $1,157 in RBC Rewards points in the first year.

Credit score requirement for approval:

Good: You’ve had a credit card or loan for at least six years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on my existing credit cards for the past three months.

Annual fee:

$120

Annual fee for additional cardholders: $50

Limited time offer/bonus:

  • Get 35,000 welcome points upon approval. That is a travel value of up to $750.

Offer expiry date: November 15, 2021

Rewards:

  • Earn one RBC Rewards point for every $1 in purchases.
  • Earn an extra 25% on eligible travel-related purchases.

Earning potential:

How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.

Rewards earned over a 12-month period = 59,000 RBC Rewards points
Monetary value = $1,277
Annual fee = $120
Total earned over the first year (rewards minus annual fee) = $1,157

You can redeem your points for:

  • Travel
  • Merchandise
  • Gift cards
  • RBC Financial Rewards
  • Charitable donations
  • Statement credits

Insurance:

  • Emergency medical insurance
  • Travel accident insurance
  • Trip cancellation insurance
  • Trip interruption insurance
  • Flight delay insurance
  • Baggage delay insurance
  • Lost or stolen baggage insurance
  • Hotel burglary insurance
  • Mobile device insurance
  • Rental car theft and damage insurance
  • Purchase protection
  • Extended warranty

Other perks:

  • Link your card to get instant fuel savings at Petro-Canada. Plus, earn 20% more Petro-Points.
  • Link your card and earn more Be Well points at Rexall.
  • Get a 12-month complimentary DashPass subscription and pay $0 delivery fees on orders of $12 or more with DoorDash.

4. BMO eclipse Visa Infinite* Card

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$284
+ Annual rewards
$578
- Annual fee (First Year Waived)
0
Total first year value
$862
BMO eclipse Visa Infinite* Card

card image
Welcome bonus
$284
BMO Rewards points
Annual rewards
$578
BMO Rewards points
Annual fees:
$120 (First Year Waived)
Interest rates:
20.99% on purchases • 23.99% on cash advances
Designed for the lifestyle of the urban digital millennial
Redeem points for travel or cashback, including "pay with points" on any purchase
Details at a glance Collapse details
Welcome bonus
$284
Annual rewards
$578
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$284
+ Annual rewards
$578
- Annual fee (First Year Waived)
0
Total first year value
$862
Annual fees:
$120 (First Year Waived)
Interest rates:
20.99% on purchases
23.99% on cash advances
Designed for the lifestyle of the urban digital millennial
Redeem points for travel or cashback, including "pay with points" on any purchase
Details at a glance Collapse details

The BMO eclipse Visa Infinite* Card offers five BMO Rewards points for every $1 spent on gas, and if you add an authorized user, you will earn 10% more, or 1.1 points for these purchases. This card also features a $50 annual lifestyle credit to spend however you want.

According to our Best of Finance methodology, the average Canadian will earn roughly $862 in BMO Rewards points in the first year.

Credit score requirement for approval:

Good: You’ve had a credit card or loan for at least six years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on my existing credit cards for the past three months.

Annual fee:

$120

Annual fee for additional cardholders: $50

Limited time offer/bonus:

  • Earn up to 40,000 BMO Rewards points. Get 30,000 BMO Rewards points after you spend at least $3,000 in the first three months and another 15,000 points after your first anniversary. Plus, pay no annual fee for the first year.

Offer expiry date: December 6, 2022

Rewards:

  • Earn five BMO Rewards points for every $1 spent on groceries, dining, gas, and transit purchases.
  • Earn one BMO Rewards point for every $1 spent everywhere else.

Earning potential:

How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.

Rewards earned over a 12-month period = 114,400 BMO Rewards points
Monetary value = $812
Annual statement credit = $50
Annual fee = $0*
Total earned over the first year (rewards minus annual fee) = $862

*The $120 annual fee is waived for the first year.

You can redeem your points for:

  • Travel
  • Merchandise
  • Gift cards
  • Select investments
  • Statement credits

Insurance:

  • Out-of-province/country emergency medical insurance
  • Common carrier insurance
  • Car rental collision and loss damage insurance
  • Mobile device insurance
  • Purchase security
  • Extended warranty

Other perks:

  • Get Visa Infinite Benefits for exclusive offers and concierge services.
  • Earn 10% more rewards with an authorized user.
  • Receive a $50 annual lifestyle credit.

5. BMO CashBack World Elite* Mastercard*

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$213
+ Annual rewards
$391
- Annual fee (First Year Waived)
0
Total first year value
$604
BMO World Elite™ Mastercard*

card image
Welcome bonus
$213
BMO Rewards points
Annual rewards
$391
BMO Rewards points
Annual fees:
$150 (First Year Waived)
Interest rates:
20.99% on purchases • 22.99% on cash advances
Flexible rewards let you redeem for travel, cash in a BMO investment account, and even statement credtis
Very strong suite of travel insurance, plus 4 complimentary LoungeKey passes 
Details at a glance Collapse details
Welcome bonus
$213
Annual rewards
$391
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$213
+ Annual rewards
$391
- Annual fee (First Year Waived)
0
Total first year value
$604
Annual fees:
$150 (First Year Waived)
Interest rates:
20.99% on purchases
22.99% on cash advances
Flexible rewards let you redeem for travel, cash in a BMO investment account, and even statement credtis
Very strong suite of travel insurance, plus 4 complimentary LoungeKey passes 
Details at a glance Collapse details

The BMO CashBack World Elite* Mastercard* has a unique offering. Get 3% cash back on the first $300 in automobile fuelling charges monthly, including gas and electric vehicle charging. This card also features roadside assistance for towing and other vehicle services.

According to our Best of Finance methodology, the average Canadian will see around $745 in cash back in the first year.

Credit score requirement for approval:

Excellent: You’ve had a credit card or loan for at least 10 years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments for your existing credit cards for the past six months.

Annual fee:

$120

Annual fee for additional cardholders: $50

Limited time offer/bonus:

  • Earn 10% cash back in the first three months on up to $2,600 in total purchases and subject to the qualified spending caps in each category. Plus, pay no annual fee for the first year.

Offer expiry date: December 6, 2022

Rewards:

  • Earn 5% cash back on your first $500 in grocery purchases monthly.
  • Earn 4% cash back on your first $300 in ground transportation monthly.
  • Earn 3% cash back on your first $300 in automobile and vehicle fuel purchases monthly.
  • Earn 2% cash back on your first $500 in recurring bill payments monthly.
  • Earn 1% cash back on all other purchases.

Earning potential:

How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.

Rewards earned over a 12-month period = $745
Annual fee = $0*
Total earned over the first year (rewards minus annual fee) = $745

*The $120 annual fee is waived for the first year.

You can redeem your points for:

  • Deposit rewards into a BMO chequing, savings, or InvestorLine account.
  • Apply rewards as a statement credit.

Insurance:

  • Travel emergency medical insurance
  • Travel accident insurance
  • Trip interruption
  • Flight delay insurance
  • Baggage delay insurance
  • Lost or stolen baggage insurance
  • Hotel burglary insurance
  • Rental car theft insurance
  • Purchase protection
  • Extended warranty

Other perks:

  • Access roadside assistance for flat tires, battery boosts and towing.
  • Save on rental cars at participating National Car Rental and Alamo Rent a Car locations.
  • Get complimentary membership in Mastercard Airport Experiences provided by LoungeKey.

6. TD Cash Back Visa Infinite* Card

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$79
+ Annual rewards
$492
- Annual fee (First Year Rebat)
0
Total first year value
$571
TD Cash Back Visa Infinite* Card

card image
Welcome bonus
$79
TD Cash Back Dollars
Annual rewards
$492
TD Cash Back Dollars
Annual fees:
$120 (First Year Rebate)
Interest rates:
20.99% on purchases • 22.99% on cash advances
Cash back rewards will never expire
Includes complimentary travel perks and benefits
Details at a glance Collapse details
Welcome bonus
$79
Annual rewards
$492
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$79
+ Annual rewards
$492
- Annual fee (First Year Rebat)
0
Total first year value
$571
Annual fees:
$120 (First Year Rebate)
Interest rates:
20.99% on purchases
22.99% on cash advances
Cash back rewards will never expire
Includes complimentary travel perks and benefits
Details at a glance Collapse details

The TD Cash Back Visa Infinite* Card not only offers 3% cash back for every $1 spent on gas, but it also offers a free Deluxe TD Auto Club Membership for 24/7 roadside assistance. This card also provides discounts on rental cars and auto rental collision insurance for all your automotive needs.

According to our Best of Finance methodology, the average Canadian will earn roughly $571 in cash back in the first year.

Credit score requirement for approval:

Good: You’ve had a credit card or loan for at least six years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on my existing credit cards for the past three months.

Annual fee:

$120

Annual fee for additional cardholders: $50

Limited time offer/bonus:

  • Earn 6% cash back on all purchases for the first three months, up to $2,000 in total purchases. Plus, TD will rebate the annual fee for the primary and the first additional cardholder for the first year.

This offer is not available for residents of Quebec. For Quebec residents, please click here.

Offer expiry date: December 5, 2021

Rewards:

  • Earn 3% in Cash Back Dollars on eligible grocery and gas purchases and recurring bill payments.
  • Earn 1% in Cash Back Dollars on all other purchases.

Earning potential:

How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.

Rewards earned over a 12-month period = $571
Annual fee = $0*
Total earned over the first year (rewards minus annual fee) = $571

*The $120 annual fee is rebated for the first year.

You can redeem your points for:

  • Redeem Cash Back Dollars toward statement credits whenever you want.

Insurance:

  • Travel medical insurance
  • Delayed and lost baggage insurance
  • Rental car collision/loss damage insurance
  • Purchase security
  • Extended warranty

Other perks:

  • Get a free Deluxe TD Auto Club Membership for roadside assistance.
  • Save on rental cars at Avis Rent A Car and Budget Rent a Car at participating locations across the U.S. and Canada.
  • Access complimentary Visa Infinite* Concierge services.

7. President’s Choice Financial® World Elite Mastercard®

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$20
+ Annual rewards
$456
- Annual fee
$0
Total first year value
$476
President’s Choice Financial® World Elite Mastercard®

card image
Welcome bonus
$20
PC Optimum Points
Annual rewards
$456
PC Optimum Points
Annual fees:
$0
Interest rates:
20.97% on purchases • 22.97% on cash advances
2021 Winner – Best Family Credit Card for Gas and Groceries
Great card for fans of the PC Optimum reward program looking to save even more on groceries
Details at a glance Collapse details
Welcome bonus
$20
Annual rewards
$456
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$20
+ Annual rewards
$456
- Annual fee
$0
Total first year value
$476
Annual fees:
$0
Interest rates:
20.97% on purchases
22.97% on cash advances
2021 Winner – Best Family Credit Card for Gas and Groceries
Great card for fans of the PC Optimum reward program looking to save even more on groceries
Details at a glance Collapse details

The President’s Choice Financial® World Elite Mastercard® offers a great everyday value. Earn at least 30 points per litre at Esso and Mobil gas stations and at least 10 points for every $1 spent everywhere else.

According to our Best of Finance methodology, the average Canadian will earn around $476 in PC Optimum points in the first year.

Credit score requirement for approval:

Good: You’ve had a credit card or loan for at least six years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on my existing credit cards for the past three months.

Annual fee:

$0

Annual fee for additional cardholders: $0

Limited time offer/bonus:

  • Get 20,000 PC Optimum points after your first purchase using the card. That is a $20 value.
  • Access a 0.97% promotional interest rate on balance transfers for six months. Balance transfers must be made within 90 days of opening the account.

Offer expiry date: N/A (Subject to change without notice)

Rewards:

  • Earn 45 points* per dollar you spend at Shoppers Drug Mart.
  • Earn at least 30 points per litre at Esso and Mobil gas stations.
  • Earn 30 points per dollar you spend on PC Travel and at President’s Choice grocery stores.
  • Get 10 points per dollar everywhere else you shop.

*Earn 30 PC Optimum points for every $1 spent at Shoppers Drug Mart, in addition to the 15 points per dollar of eligible purchases that all PC Optimum members earn.

Earning potential:

How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.

Rewards earned over a 12-month period = 476,000 PC Optimum points
Monetary value= $476
Annual fee = $0
Total earned over the first year (rewards minus annual fee) = $476

You can redeem your points for:

Redeem points at Loblaw banner stores, including Loblaws, No Frills, Real Canadian Superstore, Valu-Mart, Zehrs, Independent, Fortinos, and Wholesale Club, as well as Shoppers Drug Mart locations for:

  • Groceries
  • Merchandise

Also redeem points online via:

  • Beautyboutique.ca
  • JoeFresh.ca
  • PC Express

Start to redeem your rewards as soon as you collect 10,000 PC Optimum points, a $10 value.

Insurance:

  • Travel emergency medical insurance
  • Car rental collision/loss damage waiver insurance
  • Identity theft assistance service
  • Extended warranty
  • Purchase protection

Other perks:

  • Use the 24/7 concierge service to reserve tickets or book reservations.
  • Add additional authorized users for free and start earning rewards faster as a household.

8. Tangerine Money-Back Credit Card

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$150
+ Annual rewards
$309
- Annual fee
$0
Total first year value
$459
Tangerine Money-Back Credit Card

card image
Welcome bonus
$150
Money-Back Rewards
Annual rewards
$309
Money-Back Rewards
Annual fees:
$0
Interest rates:
19.95% on purchases • 19.95% on cash advances
Flexible no-fee cashback card with ability to choose what categories earn you the most cash back
No limits to cash back that can be earned
Details at a glance Collapse details
Welcome bonus
$150
Annual rewards
$309
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$150
+ Annual rewards
$309
- Annual fee
$0
Total first year value
$459
Annual fees:
$0
Interest rates:
19.95% on purchases
19.95% on cash advances
Flexible no-fee cashback card with ability to choose what categories earn you the most cash back
No limits to cash back that can be earned
Details at a glance Collapse details

The Tangerine Money-Back Credit Card has a flexible rewards program, allowing cardholders to choose the accelerated earning categories that match their unique spending habits. Earn up to 2% in Money-Back Rewards for categories like gas, groceries, parking and transportation, and even furniture. Earn 0.50% back on all other purchases.

According to our Best of Finance methodology, the average Canadian will earn just over $400 in cash back in the first year.

Credit score requirement for approval:

Good: You’ve had a credit card or loan for at least six years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on my existing credit cards for the past three months.

Annual fee:

$0

Annual fee for additional cardholders: $0

Limited time offer/bonus:

  • Earn 15% cash back on up to $1,000 in total purchases. That is up to $150 cash back.

Offer expiry date: November 30, 2021

  • Access a 1.95% introductory interest rate on balance transfers made within the first 30 days of opening the account for six months. A 1% balance transfer fee applies to amounts transferred.

Offer expiry date: N/A (Subject to change without notice)

Rewards:

Earn 2% in Money-Back Rewards in up to three Money-Back Rewards Categories of your choice. Start with two categories and earn the third when depositing your rewards into a Tangerine Savings Account. Earn 0.50% back on all other purchases.

10 Money-Back Rewards Categories:

  • Grocery
  • Furniture
  • Restaurants
  • Hotel-motel
  • Gas
  • Recurring bill payments
  • Drugstore
  • Home improvement
  • Entertainment
  • Public transportation and parking

Switch your categories to suit your spending habits and maximize your cash back.

Earning potential:

How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.

Rewards earned over a 12-month period = $409
Annual fee = $0
Total earned over the first year (rewards minus annual fee) = $409*

*This calculation assumes the cardholder deposits their rewards into a Tangerine Savings Account, earning the third Money-Back Rewards Category. The Money-Back Rewards Categories selected are groceries, recurring bill payments, and gas.

You can redeem your points for:

  • Apply Money-Back Rewards as a statement credit monthly.
  • Deposit Money-Back Rewards into a Tangerine Savings Account monthly.

Insurance:

  • Purchase security
  • Extended warranty

Other perks:

  • Add a free authorized user and earn rewards faster as a family.

*Rates, product information and reward estimates are subject to change at any time and do not constitute financial advice. This post was not sponsored. RATESDOTCA may receive a referral fee from our partners or affiliate links featured on the site; however, our editorial choices are objective and free from bias. The opinions expressed in this article are purely those of RATESDOTCA; thus, the credit card issuers and partners are not responsible for any editorials or reviews that may appear. Please visit the associated website for complete and current terms and conditions on any product or service mentioned. The information in this article is accurate as of the date of this posting, July 22, 2021. Read our full disclaimer. 

Why choose a gas reward card

Usually gas reward cards offer a higher rate of rewards for gas purchasers. If you’re a frequent driver that tends to spend quite a bit of money on gas every month, a gas rewards card could help you earn cash back. Whenever you fill up your car at a gas retailer, you can collect points (usually a few points per dollar spent) to use towards rewards or get cash back (typically 1-4%) on the total litres purchased. Some of the best gas reward cards even give you points or cash back on purchases of other monthly essentials, such as for groceries, dining out, and drug store purchases.

Still have more questions? Here’s what you need to know.

Are the annual fees worth it?

Probably, as long as you’re earning enough rewards to offset the fee. The fee is put in place every year so you can remain a cardholder while still enjoying the perks of the card. Most credit card annual fees range from $99.00 up to $139.00 or more. But some cards have no annual fee. Always do your research to find which card is best for you.

Is a gas rewards credit card good for building a credit score?

Yes! In fact, a gas credit card is just another way of earning rewards on a credit card and most people will use their card for more than just buying gas.

But since a lot of people purchase gas on a regular basis, it can be used to build healthy credit, so long as you can keep up with monthly payments. But if you fall behind on payments, only pay the minimum month-to-month, or go over your credit limit, your credit score will take a hit.

The best way to build a credit score is to use your credit card responsibly by using and paying off your credit card every month.

How much money can you get back with a gas rewards card?

The percent back on gas purchases vary with each card, ranging from 1% up to 4%.

There are plenty of credit cards that offer a variety of rewards. We suggest using the credit card guide to help find your best options.

We’ll compare your spending across gas and other essential categories, such as groceries and bills, to show you card that will give you the most rewards.

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