Canada’s greatest bank cards for fuel purchases for 2023

Fuel prices is usually a hefty line merchandise, particularly for Canadians with a each day commute or perhaps a hybrid state of affairs—and it’s one that’s largely out of our particular person management. Utilizing the precise bank card while you refill will earn you a return in your gasoline bills. However which card do you have to choose? We break down the choices in our record of the perfect bank cards for fuel.

Finest money again bank card for fuel

CIBC Dividend Visa Infinite

With the Dividend Visa Infinite, CIBC gives a powerful contender within the money again bank card class, particularly for drivers, and much more so for those who add your grocery invoice to this card. With a return of 4% on fuel and groceries, this card is designed to place a reimbursement in your pocket. There are different bonus classes to earn money again, together with 2% on each day transit (together with rideshares and public transit), so that you get rewards on all modes of transit, in addition to 2% on eating and recurring funds.

• Annual payment: $120
• Rates of interest: purchases 20.99%, money advances 22.99%, (21.99% for Quebec residents), steadiness transfers 22.99%
• Earn fee on fuel: 4%
• Rewards on different purchases: 4% money again on groceries, 2% on eating, each day transit and recurring payments, and 1% again on the whole lot else
• Welcome bonus: You’ll be able to earn 15% money again welcome bonus of as much as $300 (first 4 statements).
• Extra advantages: Emergency journey medical; automotive rental collision and loss harm insurance coverage; cellular gadget insurance coverage; plus save as much as $0.10 per litre at taking part Chevron, Ultramar and Pioneer fuel stations while you hyperlink your card with the Journie Rewards program.
• Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000

Finest no-fee money again bank card for fuel

Tangerine Cash-Again Mastercard*

The Tangerine Cash-Again Mastercard has no annual payment and it gives straight money rewards, which provides it robust attraction to numerous Canadians. Bank card holders are rewarded with 2% money again on limitless purchases in two classes of your selecting, together with fuel, groceries, eating places and drugstores. Decide to have your money mechanically deposited right into a Tangerine financial savings account to obtain 2% money again in a 3rd class. (You’ll earn 0.5% on the whole lot else.) Plus, within the first 30 days after being authorised for the cardboard you may switch balances from higher-interest playing cards at a low promotional rate of interest of 1.95% for six months (plus a 1% payment). For many who wish to monetize their gasoline purchases with out paying for the privilege, this no-frills card is a winner.

• Annual payment: $0
• Rates of interest: 19.95% on purchases, 19.95% on money advances, 19.95% on steadiness transfers
• Earn fee on fuel: 2% money again
• Rewards on different purchases: 2% in as much as two different spending classes of your alternative and 0.5% money again on the whole lot else.
• Welcome bonus: You’ll be able to earn an additional 10% again on as much as $1,000 in on a regular basis purchases inside the first 2 months. Should apply by Could 2, 2023.
• Extra advantages: Buy assurance and prolonged guarantee
• Annual earnings requirement: $12,000

Finest bank card for fuel with roadside help

TD Money Again Visa Infinite*

The TD Money Again Visa Infinite is a powerful a reimbursement card providing a 3% return on fuel, grocery and recurring invoice funds (and 1% again on the whole lot else). The return fee on fuel could be sufficient for the cardboard to put on our record, nevertheless it’s really the roadside help (amongst different perks) that make it a standout card for drivers. Cardholders have complimentary emergency street companies by means of an included Deluxe membership with TD Auto Membership. This bundle contains 24-hour emergency help calls, towing, lockout and winching companies, visitors accident emergency transportation, meals, lodging and requirements, and even reimbursement choices for points TD Auto Membership was unable to help with. Plus, cardholders have auto rental loss and collision insurance coverage and reductions at Avis and Finances. For frequent commuters or road-trippers, these perks can simply cowl the cardboard’s annual payment.

• Annual payment: $139 (waived for the primary 12 months)
• Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers
• Earn fee on fuel: 3% money again (as much as $15,000 annual spend)
• Rewards on different purchases: 3% money again on groceries and recurring invoice funds (as much as $15,000 annual spend every); 1% again on the whole lot else.
• Welcome bonus: Earn 10% money again for the primary three months on as much as a complete of $2,000 in purchases. Plus, obtain a first-year annual-fee rebate for the first and extra cardholders. Should apply on-line by Could 28, 2023. Quebec residents, please click on right here.
• Extra advantages: Automotive advantages like rental insurance coverage, reductions on automotive leases and a Deluxe membership with TD Auto Membership; journey insurance coverage, together with journey medical and delayed or misplaced baggage; entry to Visa Infinite perks, similar to concierge companies and complimentary room upgrades while you journey.
• Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000

Finest journey bank card for fuel 

Scotiabank Gold American Categorical*

Should you’re trying to flip your gasoline purchases into factors, look no additional than the Scotiabank Gold American Categorical bank card. This card operates inside the Scotia Rewards program, which permits collectors to redeem their factors for journey rewards, merchandise, present playing cards and even credit score to place towards their card steadiness. Cardholders earn 3 Scotia Rewards factors on each $1 spent on eligible purchases together with fuel, public transit and streaming companies, and 5 factors per $1 on groceries, eating places and leisure. Double-dip with the fuel factors program of your alternative and earn much more.

• Annual payment: $120
• Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers
• Earn fee on fuel: 3 Scotia Rewards factors per $1
• Rewards on different purchases: 5 Scotia Rewards Factors per $1 spent on groceries, eating and leisure, 3 factors per $1 spent on public transit, rideshares, taxis and on-line streaming companies, 1 level per $1 spent on the whole lot else.
• Welcome bonus: You’ll be able to earn as much as $850 in worth within the first 12 months, together with as much as 45,000 bonus Scene+ factors. Should apply by April 30, 2023.
• Extra advantages: No international transaction charges; journey emergency medical, journey cancellation, flight delay, misplaced baggage and accident insurance coverage; rental automotive collision safety; resort or motel housebreaking insurance coverage; buy safety and prolonged guarantee; complimentary concierge service; VIP airport lounge entry with Precedence Go.
• Annual earnings requirement: $12,000

Finest bank card for fuel at Canadian Tire

Triangle Mastercard

Should you’re a loyal Canadian Tire shopper, you’re most likely already aware of Canadian Tire (CT) Cash. The storied rewards program that dates again to the Fifties. These days this system is digital, however the change fee stays the identical: $1 in CT Cash is the same as CAD$1. With the no-fee Triangle Mastercard you’ll earn 4% again on purchases at Canadian Tire and accomplice shops like Sport Chek and Mark’s/L’Équipeur, in addition to 1.5% again on groceries (besides at Walmart and Costco). Plus, you’ve got entry to different perks just like the no-fee, no-interest financing program which helps you to repay bigger purchases in installments.

• Annual payment: $0
• Rates of interest: 19.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers
• Earn fee on fuel: $0.05 per litre on fuel bought at Fuel+
• Rewards on different purchases: 4% in CT Cash on spends at Canadian Tire, Sport Chek, Mark’s/L’Équipeur, Environment, Social gathering Metropolis, Sports activities Rousseau, Hockey Specialists, L’Entrepôt du Hockey, and taking part Sports activities Specialists shops; 1.5% in CT Cash on groceries as much as $12,000 yearly. 
• Welcome bonus: None
• Extra advantages: No-fee, no-interest financing; entry to members-only occasions; customized gives
• Annual earnings requirement: None

Finest bank card for fuel at Esso

PC Monetary World Elite Mastercard*

The PC Optimum program is among the hottest rewards applications in Canada, due partially to its flexibility and ease of use that permits you to redeem on the until. The no-fee PC Monetary World Elite Mastercard gives accelerated earn alternatives at Customers Drug Mart and Loblaw-family groceries shops like No-Frills, Actual Canadian Superstore and Fortinos, and at greater than 4,500 Esso and Mobil fuel stations throughout Canada. The final of which is the place you’ll get a minimum of 30 factors per litre (charges differ by location). PC Optimum factors might be redeemed at a fee of 10,000 factors (equal to $10) by merely displaying your card on the until of a taking part retailer. At Esso, you may redeem factors for fuel and automotive washes.

Often requested questions

Extra of Canada’s greatest bank cards: