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Rewards credit cards offer points or cash back on spending categories like groceries, drugstore purchases, and entertainment. On the other hand, a gas credit card earns a specific number of points for everyday spending and an accelerated rate on fuel purchases. Generally, gas credit cards can be used at almost any retailer where the credit card payment network (e.g., Mastercard, Visa, and American Express) is accepted.
If you’re a frequent driver or take a lot of road trips with the family, a gas rewards credit card is an excellent way save at the pump or capitalize on trips to the gas station.
| Credit card | Great features | Annual fee |
|
$156 ($12.99 per month) |
|
| 2. RBC Avion® Visa Infinite Card |
|
$120 |
| 3. Scotiabank®* Gold American Express® Card |
|
$120 (First year waived) |
| 4. BMO eclipse Visa Infinite* Card |
|
$120 (First year waived) |
| 5. BMO CashBack World Elite* Mastercard* |
|
$120 (First year waived) |
| 6. TD Cash Back Visa Infinite* Card |
|
$120 (First year rebated†) |
| 7. PC® World Elite Mastercard® |
|
$0 |
| 8. Tangerine Money-Back Credit Card |
|
$0 |
† Terms and conditions apply.
The RATESDOTCA Best of Finance methodology assumes the cardholder spends an average of $2,000 a month on their card to determine the first-year value. The calculation includes all welcome bonuses and promotional offers at the time of publishing. Cards are ordered from the highest first-year value to the lowest.
The American Express Cobalt® 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 $1,524 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:
$156 ($12.99 per month)
Annual fee for additional cardholders: $0
Limited time offer/bonus:
Offer expiry date: N/A (Subject to change without notice)
Rewards:
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 = 96,000 Membership Rewards® points
Monetary value = $1,680
Annual fee = $156*
Total earned over the first year (rewards minus annual fee) = $1,524
*The American Express Cobalt® Credit Card has a $12.99 monthly fee ($155.88 per year).
You can redeem your points for:
Insurance:
Other perks:
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 $1,472 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:
Offer expiry date: September 16, 2022
Rewards:
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 = 79,600 RBC Rewards points
Monetary value = $1,592
Annual fee = $120
Total earned over the first year (rewards minus annual fee) = $1,472
You can redeem your points for:
Insurance:
Other perks:
The Scotiabank®* Gold American Express® Card offers 3X the Scene+ points for gas and daily transit, meaning cardholders get three points for every $1 spent on these 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 $1,144 in Scene+ 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:
Offer expiry date: October 31, 2022
Rewards:
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 Scene+ points
Monetary value = $1,144
Annual fee = $0*
Total earned over the first year (rewards minus annual fee) = $1,144
*The $120 annual fee is waived for the first year.
You can redeem your points for:
Insurance:
Other perks:
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 every $1 spent on 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 $996 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:
Offer expiry date: December 6, 2022
Rewards:
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 = 141,830 BMO Rewards points
Monetary value = $946
Annual statement credit = $50
Annual fee = $0*
Total earned over the first year (rewards minus annual fee) = $996
*The $120 annual fee is waived for the first year.
You can redeem your points for:
Insurance:
Other perks:
The BMO CashBack World Elite* Mastercard* has a unique offering — get 3% cash back on the first $300 in automobile fuel purchases 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 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:
Offer expiry date: December 6, 2022
Rewards:
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:
Insurance:
Other perks:
The TD Cash Back Visa Infinite* Card offers 3% cash back for every $1 spent on gas and a free Deluxe TD Auto Club Membership for 24/7 roadside assistance†. Plus, access 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 $675 in Cash Back Dollars in the first year with this card.
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:
This offer is not available for residents of Quebec. For Quebec residents, please click here.
Offer expiry date: September 5, 2022
Rewards:
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 = $675
Annual fee = $0*
Total earned over the first year (rewards minus annual fee) = $675
*The $120 annual fee is rebated for the first year†.
You can redeem your points for:
Insurance:
Other perks:
† Terms and conditions apply.
The PC® 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 elsewhere.
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:
Offer expiry date: N/A (Subject to change without notice)
Rewards:
*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:
Also, redeem points online via:
Start to redeem your rewards when you collect 10,000 PC Optimum points, a $10 value.
Insurance:
Other perks:
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. Money-Back Categories include but are not limited to gas, groceries, parking and transportation, and even furniture.
Earn up to 2% in Money-Back Rewards when you spend within your selected Money-Back Categories. Earn 0.50% back on all other purchases.
According to our Best of Finance methodology, the average Canadian will earn $459 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:
Offer expiry date: October 31, 2022
Rewards:
Earn 2% cash back in up to three Money-Back 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:
Switch your categories to suit your spending habits and maximize your rewards.
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.
Annual rewards = $309
Welcome bonus = $150
Annual fee = $0
Total earned over the first year (rewards + bonus minus annual fee) = $459*
*This calculation assumes the cardholder deposits their rewards into a Tangerine Savings Account, earning the third Money-Back Category. The Money-Back Categories selected are groceries, recurring bill payments, and gas.
You can redeem your points for:
Insurance:
Other perks:
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 brand’s 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 4, 2021. Read our full disclaimer.
Usually gas credit 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 credit 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 credit cards even give you points or cash back on purchases of other monthly essentials, such as for groceries, dining out, and drug store purchases.
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.
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.
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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