The best gas credit cards in Canada for 2024
We break down the top credit cards in the country that’ll help you save at the pump—with either cash back or rewards points.
Top gas credit cards
MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.
Canada’s best credit cards for gas in more detail
Gas costs can be a hefty line item, especially for Canadians with a daily commute or even a hybrid situation—and it’s one that is largely out of our individual control. Using the right credit card when you fill up will earn you a return on your fuel expenses. But which card should you pick?
| Credit card | Why we love it |
|---|---|
| Best for cash back on gas CIBC Dividend Visa Infinite Annual fee: $120 | 4% cash back on gas and EV charging, plus four other bonus categories |
| Best for cash back on gas with no fee Tangerine Money-Back Mastercard Annual fee: $0 | 2% unlimited cash back in two categories of your choice, including gas, with no annual fee |
| Best for roadside assistance TD Cash Back Visa Infinite Annual fee: $139 (rebated for the first year.) | 3% cash back on gas and complimentary emergency road services through the TD Auto Club Deluxe membership |
| Best points credit card for gas PC Financial World Elite Mastercard Annual fee: $0 | At least 30 PC Optimum points per litre at Esso and Mobil stations |
Advertisement
Best cash back credit card for gas
CIBC Dividend Visa Infinite
Annual fee: $120
- 4% cash back on eligible gas, EV charging and grocery purchases
- 2% on dining, daily transit and recurring payments
- 1% on everything else
Welcome offer: earn a 10% cash back welcome bonus of up to $250 (first 4 statements). Offer not available to QC residents. Terms and conditions apply.
Card details
| Interest rates | 20.99% on purchases, 22.99% on cash advances, 22.99% on balance transfers |
| Income required | Personal income of $60,000 or household income of $100,000 |
| Credit score | 725 or higher |
- With the Dividend Visa Infinite, CIBC offers a strong contender in the cash back credit card category, especially for drivers, and even more so if you add your grocery bill to this card. With a return of 4% on gas, EV charging and groceries, this card is designed to put money back in your pocket. There are other bonus categories to earn cash back, including 2% on daily transit (including rideshares and public transit), so you get rewards on all modes of transit, as well as 2% on dining and recurring payments.
Best no-fee cash back credit card for gas
Tangerine Money-Back Card
Annual fee: $0
- 2% in up to 3 categories of your choice (including groceries, gas and dining)
- 0.5% cash back on everything else
Welcome offer: earn an extra 10% back on up to $1,000 in everyday purchases within the first 2 months. Must apply by October 31, 2024.
Card details
| Interest rates | 19.95% on purchases, 19.95% on cash advances and 19.95% on balance transfers |
| Income required | Personal or household income of $12,000 |
| Credit score | 660 or higher |
- The Tangerine Money-Back Mastercard has no annual fee and it offers straight cash rewards, which gives it strong appeal to a large number of Canadians. Credit card holders are rewarded with 2% cash back on unlimited purchases in two categories of your choosing, including gas, groceries, restaurants and drugstores. Opt to have your cash automatically deposited into a Tangerine savings account to receive 2% cash back in a third category. (You’ll earn 0.5% on everything else.) Plus, in the first 30 days after being approved for the card you can transfer balances from higher-interest cards at a low promotional interest rate of 1.95% for six months (plus a 1% fee). For those who want to monetize their fuel purchases without paying for the privilege, this no-frills card is a winner.
Advertisement
Best credit card for gas with roadside assistance
TD Cash Back Visa Infinite Card
Annual fee: $139
- 3% cash back on gas, grocery and recurring bill payments
- 1% on all other purchases
Welcome offer: earn up to $500 in value, including 10% in Cash Back Dollars in the first 3 months on Bonus Eligible Purchases up to a total spend of $3,500. Conditions apply. Account must be approved by January 6, 2025.
Card details
| Interest rates | 20.99% on purchases, 22.99% on cash advances, 22.99% on balance transfers |
| Income required | Personal income of $60,000 or household income of $100,000 |
| Credit score | 725 or higher |
- The TD Cash Back Visa Infinite is a strong money back card offering a 3% return on gas, grocery and recurring bill payments (and 1% back on everything else). The return rate on gas would be enough for the card to place on our list, but it’s actually the roadside assistance (among other perks) that make it a standout card for drivers. Cardholders have complimentary emergency road services through an included Deluxe membership with TD Auto Club. This package includes 24-hour emergency assistance calls, towing, lockout and winching services, traffic accident emergency transportation, meals, accommodations and necessities, and even reimbursement options for issues TD Auto Club was unable to assist with. Plus, cardholders have auto rental loss and collision insurance and discounts at Avis and Budget. For frequent commuters or road-trippers, these perks can easily cover the card’s annual fee.
Advertisement
Best points credit card for gas
PC Financial World Elite
Annual fee: $0
- 45 PC Optimum points per $1 at Shoppers Drug Mart
- 30 points per $1 at Loblaw banner grocery stores
- 10 points per $1 on everything else
Welcome offer:
Card details
| Interest rates | 21.99% on purchases, 22.97% on cash advances (21.97% for residents of Quebec), 22.97% on balance transfers |
| Income required | Personal income of $80,000 or household income of $150,000 |
| Credit score | 560 or higher |
| Point value | 10 PC points = $0.01 at Loblaws grocery network and Shoppers Drug Mart. |
- The PC Optimum program is one of the most popular rewards programs in Canada, due in part to its flexibility and ease of use that lets you redeem at the till. The no-fee PC Financial World Elite Mastercard offers accelerated earn opportunities at Shoppers Drug Mart and Loblaw-family groceries stores like No-Frills, Real Canadian Superstore and Fortinos, and at more than 4,500 Esso and Mobil gas stations across Canada. The last of which is where you’ll get at least 30 points per litre (rates vary by location). PC Optimum points can be redeemed at a rate of 10,000 points (equal to $10) by simply showing your card at the till of a participating retailer. At Esso, you can redeem points for gas and car washes.
How we determine the best cards
The MoneySense editorial team selects the best credit cards by assessing the value they provide to Canadians across various categories. Our best credit cards for gas ranking is based on an extensive list of card details and features—with a focus on those that matter to drivers—including annual fees, interest rates, welcome offers, rewards earn rates, annual income requirements, and perks such as insurance coverage and roadside assistance. Our rankings are an unbiased source of information for Canadians. The addition of links from affiliate partners has no bearing on the results. Read more about how MoneySense makes money.
Frequently asked questions
Short answer: It’s complicated. This is the most confusing aspect of choosing a gas card option. A gas card is a type of credit card that’s associated with a retailer, like Petro-Canada or Shell, and allows you to collect points or rewards only at their pumps. Then there are credit cards associated with points programs, like Scotia Rewards, Air Miles and PC Optimum, which allow you to collect and redeem for a wide variety of rewards beyond just gas. There are plenty of different ways you can use these products together, but you typically earn more rewards by using “regular” credit cards in tandem with points programs than you do by using a gas credit card alone.
There’s not a single, straightforward answer to this question. The best credit card for gas depends on many factors, such as your personal spending habits, your membership in loyalty programs, and even what gas retailers are located closest to you. If you want cash back, the CIBC Dividend Visa Infinite offers one of the highest earn rates. Other cards, such as the TD Cash Back Visa Infinite and Scotiabank Gold American Express, come with perks that are great for long-distance drivers and frequent travellers.
More of Canada’s best credit cards:
- Canada’s best credit cards
- Canada’s best instant approval credit cards
- Canada’s best no fee credit cards
- Canada’s best cash back credit cards
What does the * mean?
Affiliate (monetized) links can sometimes result in a payment to MoneySense (owned by Ratehub Inc.), which helps our website stay free to our users. If a link has an asterisk (*) or is labelled as “Featured,” it is an affiliate link. If a link is labelled as “Sponsored,” it is a paid placement, which may or may not have an affiliate link. Our editorial content will never be influenced by these links. We are committed to looking at all available products in the market. Where a product ranks in our article, and whether or not it’s included in the first place, is never driven by compensation. For more details, read our MoneySense Monetization policy.
Table of contents
