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11 Best Gas Credit Cards in Canada for January 2023

The best credit cards for gas in Canada help reduce the monetary impact of gas purchases on your wallet.

Since they offer points you can redeem for travel rewards or pay you real cash back at the pump, a good gas card is valuable if driving is part of your everyday life.

Many of the cards listed below are also on my list of the best credit cards in Canada, and some offer exceptional rental car insurance.

Let’s dig in.

Best Gas Credit Cards in Canada for January 2023

Featured Gas Credit Card Offer

Neo Everyday Essentials Card – Gas

Rewards and Perks: Earn up to 5% real cash back on purchases, 1.5x more cash back at Walmart and Costco, 1.5x more cash back when you buy gas at select gas stations, access to discounts at gas station chains like Husky, Irving Oil, and Chevron, access to life insurance protection for credit card balance.

Welcome offer: 15% cashback on your first purchases, plus a $25 welcome bonus.

Interest rates: 19.99% – 26.99% for purchases.

Annual fee: $4.99 monthly subscription (cancel anytime)

Credit score required: Poor or bad credit score.

Best Gas Credit Cards With No Annual Fees

If you don’t like paying the annual fees on credit cards, we have got you covered with no-annual-fee credit cards below.

Pro tip: These cards offer returns on gas purchases that are competitive even when compared to premium credit cards.

1. Tangerine Money-Back Credit Card

Tangerine Money-Back Credit Card

Best no-fee cash back credit card

Annual fee: $0

Rewards: Earn up to 2% unlimited cash back in up to 3 spending categories and 0.50% on all other purchases.

Welcome offer: Get an extra 15% cash back on up to $1,000 in spending in the first 2 months ($150 value).

Interest rates: 19.95% for purchases, balance transfers, and cash advances.

Minimum income requirement: $12,000

Recommended credit score:
600
900

Fair to Good

Tangerine Cash Back Credit Card

On Tangerine’s website

  • No annual fee.
  • Unlimited 2% cash back in two spending categories. Get an extra 2% cash back spending category when you deposit your rewards in a free Tangerine savings account.
  • Unlimited 0.50% cash back on all other purchases.
  • Cash back earned is paid out monthly.
  • 1.95% promotional balance transfer for first 6 months; 3% balance transfer fee applies ($5 minimum).
  • Purchase assurance to cover loss, theft or damage of new items purchased using the card for up to 90 days.
  • Works with Apple Pay, Google Pay, and Samsung Pay.
  • Extended warranty for up to one extra year.

No annual fee

High cash back rates

Low-income requirement

Cash back paid monthly

Low-interest balance transfer

No travel insurance coverage

3% balance transfer fee

The Tangerine Money-Back Credit Card is one of the best cash back credit cards in Canada. It’s great for students and those who have a limited credit history. Cardholders can also enjoy no-fee chequing and a high interest savings account.

  • Gas rewards: Up to 2% cash back (15% promo cash back)

The Tangerine Money-Back Credit Card is one of the best cash back cards in Canada for gas purchases.

It offers unlimited 2% cash back rewards when you spend in up to three of your chosen categories and 0.5% cash back on everything else.

The purchase categories you can choose from include gas, grocery, restaurants, drug store, recurring bill payments, entertainment, public transportation and parking, and hotels.

The cash back earned is paid out every month, so you don’t need to wait until the end of the year before gaining access to it.

Extra perks offered by this card include a 1.95% balance transfer for 6 months, purchase protection, and extended warranty coverage.

For a limited time, new Tangerine credit cardholders get up to a $150 bonus when they spend $1,000 within the first 2 months.

If you have a personal income of $60,000 or higher, you can also apply for the premium version of this card – Tangerine World Mastercard.

It also has no annual fees, pays up to 2% cash back, and includes rental car insurance, free global Wi-Fi, mobile device insurance, and airport lounge access.

2. Triangle World Elite Mastercard

Triangle World Elite Mastercard

Best for Triangle rewards

Annual fee: $0

Rewards: Earn 4% cash back in Canadian Tire money at eligible stores. Earn 3% cash back in Canadian Tire money at grocery stores. Earn up to 7 cents per litre in Canadian Tire money. Earn 1% cash back in Canadian Tire money everywhere else.

Welcome offer: N/A

Interest rates: 19.99% on purchases, 22.99% on cash advances

Minimum income requirement: $80,000 personal income and $150,000 household income.

Recommended credit score:
760
900

Very Good

Triangle World Elite Mastercard

On Triangle’s website

  • Earn 4% cash back at Canadian Tire stores, including Canadian Tire, Sport Chek, and Mark’s.
  • Earn 7 cents per litre cashback on premium fuel and 5 cents per litre on other fuel at Gas+ and Essence+ gas stations.
  • Earn 3% cash back on groceries (up to $12,000 a year).
  • Earn 1% cash back everywhere else.
  • Roadside Assistance Gold Plan, which includes service calls and towing within Canada and the US.
  • Minimum income requirements of $80,000 personal income and $150,000 household income.

Roadside assistance saves on the cost of CAA membership

No annual fee

Purchase security and extended warranty

Excludes Walmart and Costco from grocery earning rates

High minimum income requirements

Redemption options are limited to retailers that accept Canadian Tire Money

The Triangle World Elite Mastercard is a great no-fee option. Combined with perks such as roadside assistance and extended warranty protection, this card is worth keeping in your wallet for everyday use. 

  • Gas rewards: 5-7 cents per litre at Gas+ stations

The Triangle World Elite Mastercard is a hidden gem, especially if you regularly shop at Canadian Tire stores.

It offers 5-7 cents per litre of gas you purchase at Gas+ and participating Husky stations, making it one of the best gas loyalty rewards programs in Canada.

In addition, you earn 4% Canadian Tire Money when you shop at Canadian Tire, Sport Chek, Mark’s, and Atmosphere stores.

Also, you earn 3% on the first $12,000 you spend on grocery purchases per year (excludes purchases at Costco and Walmart).

Lastly, this card offers a free roadside assistance plan. Learn more in this review of Triangle credit cards.

Best Premium Gas Credit Cards

The best premium credit cards have annual fees; however, they also amplify your rewards and offer VIP perks.

The ones listed below offer a mix of cash back or rewards points on gas purchases, comprehensive insurance coverage, and more.

3. Scotia Momentum Visa Infinite Card

Scotiabank Momentum Visa Infinite Card

Best for cash back rewards and premium perks

Annual fee: $120

Rewards: Earn between 1% and 4% cash back on purchases.

Welcome offer: Earn 10% cash back on purchases for the first 3 months up to $2,000 in purchases. Annual fee waiver for the first year.

Interest rates: 20.99% for purchases, 22.99% for cash advances.

Minimum income requirement: $60,000

Recommended credit score:
760
900

Very Good

Scotiabank Momentum Visa Infinite Card

On Scotiabank’s website

  • Earn 4% cash back on groceries, subscriptions, and recurring bill payments.
  • Earn 2% cash back on gas and daily transit.
  • Earn 1% cashback.
  • Comprehensive travel insurance benefits are included when you use your card for 75% or more of trip costs.
  • New mobile device insurance included.
  • Access to Visa Infinite Hotel Collection with the best hotel rates and automatic room upgrades.
  • Enjoy savings on car rentals with AVIS and Budget in Canada and the United States.
  • $60,000 annual income or $100,000 minimum household income required.

Earn up to 4% cashback

Travel insurance included

Comes with several premium perks

High annual fee

High-income requirement

The Scotiabank Momentum Visa Infinite Card is a good option for anyone who wants to earn cashback on their everyday purchases. It also includes travel insurance and new device insurance coverage plus additional perks like access to the Visa Infinite Hotel Collection.

  • Gas rewards: 2% cash back (10% promo cash back)

The Scotia Momentum Visa Infinite Card is also one of the best grocery cash back cards in Canada.

After the 10% cash back promotional period ends, you earn 4% cash back on groceries and recurring payments, 2% cash back on gas and daily transit, and 1% on everything else.

Its insurance benefits package included mobile device insurance, travel medical, flight delay, trip cancellation, rental car, travel accident insurance, and more.

4. Neo Everyday Essentials Card

Neo Everyday Essentials Card

Rewards and Perks: Earn up to 5% real cash back on purchases, 1.5x more cash back at Walmart and Costco, 1.5x more cash back when you buy gas at select gas stations, access to discounts at gas station chains like Husky, Irving Oil, and Chevron, access to life insurance protection for credit card balance.

Welcome offer: 15% cashback on your first purchases, plus a $25 welcome bonus.

Interest rates: 19.99% – 26.99% for purchases.

Annual fee: $8.99 monthly subscription (cancel anytime)

Credit score required: Poor or bad credit score.

  • Gas rewards: 1.5x cash back at participating gas stations
  • Minimum income required: N/A

The Neo Card™ plus Everyday Essentials perks converts this card into one of the best gas cards you can use. It also works well as an excellent grocery rewards card.

While the Neo Card™ has no annual fees, the optional Everyday Essentials perk costs $8.99 monthly and provides a value estimated at $30 monthly and over $170 each year.

Cardholders generally earn an average of 5% unlimited cash back when they shop at over 10,000 locations in Canada. With the Everyday Essentials perk, you get 1.5x more cash back at gas station partners, and exclusive access to offers at gas station chains like Husky and Chevron.

Not to forget is the enhanced cash back rate (1.5x) on grocery purchases at wholesale retailers like Costco and Walmart, and specialty food and liquor partner stores.

Lastly, you enjoy life insurance protection that covers your credit card balances.

5. Scotiabank Gold American Express Card

Scotiabank Gold American Express Card

Best travel credit card in Canada

Annual fee: $120

Rewards: Earn up to 6x Scene+ points on groceries, 5x pts. on dining, food delivery, & entertainment, 3x pts. on gas, and 1x pts. on everything else.

Welcome offer: Get up to 45,000 bonus Scene+ points in the first 12 months and no annual fee for the first year.

Interest rates: 20.99% for purchases, 22.99% for cash advances.

Minimum income requirement: $12,000

Recommended credit score:
660
900

Good

Scotiabank Gold American Express Card

On Scotiabank’s website

  • Zero foreign transaction fees when travelling overseas or shopping abroad.
  • Earn 6x Scene+ points at select grocery stores, including Sobeys and Safeway.
  • Earn 5x points on dining or food delivery at select stores and restaurants as well as select movies, theatres and ticket agencies.
  • Earn 3x points on eligible gas and transit purchases.
  • Earn 1 point for every $1 CAD spent on eligible purchases.
  • Comprehensive travel insurance benefits and extended warranty protection are included.
  • Priority Pass™ membership discount to access VIP lounges.
  • Amex Offers® including deals on shopping, travel and dining.
  • Access to Front Of The Line® presale tickets to concerts, restaurants and events.
  • Minimum annual income of $12,000 required.

Earn up to 6x Scene+ point

Lots of premium perks included

No foreign transaction fees

Low income eligibility at $12,000

Expensive annual fee

$29 fee for each additional card

Scotiabank Gold American Express Card provides a great opportunity to earn Scene+ points on all purchases and extra points on select purchases. Its zero foreign transaction fees and travel insurance coverage make it a good choice for travellers.

  • Gas rewards: 3 points per $1 spent

The Scotiabank Gold American Express Card is a premium card that is easy to apply for.

It offers 20,000 bonus points to new cardholders who spend $1,000 in the first 3 months, plus an extra 20,000 points when you spend $7,500 in the first year (for a total of $400 value).

You earn 5 points per $1 spent on groceries, dining, and entertainment; 3 points per $1 spent on gas and daily transit; and 1 point per dollar on everything else.

This card is one of a few credit cards in Canada that waives the 2.5% fee on foreign currency purchases.

It offers a comprehensive suite of travel insurance coverage (8 types), and users get a discount on a Priority Pass membership with access to over 1200 airport lounges worldwide.

6. American Express Cobalt Card

American Express Cobalt Card

Best for travel rewards and perks

Annual fee: $155.88 (in monthly payments of $12.99)

Rewards: Earn up to 5X points on high-spend categories.

Welcome offer: Earn as many as 30,000 bonus Membership Rewards points in the first year.

Interest rates: 20.99% on purchases and 21.99% on cash advances.

Minimum income requirement: No minimum income or credit limit requirements.

Recommended credit score:
660
900

Good

amex cobalt new card

On Amex’s website

  • Earn 5X points on food and drink purchases, including delivery.
  • Earn 3X points on streaming subscription bills.
  • Earn 2X points on travel and transit purchases.
  • Earn 1X points on all other eligible purchases.
  • Get 1 additional point for every dollar you spend on hotel or rental car bookings through American Express Travel.
  • Redeem points on travel with 1:1 transfers to several frequent flyer programs.
  • Enjoy exclusive access to tickets, virtual events, live performances, and more through American Express Experiences.
  • Access various travel insurance benefits, including emergency medical ($5M), travel accident ($250K), flight delay, baggage delay, hotel burglary, and rental car insurance.
  • No minimum income or credit limit requirements.

Attractive point redemption options

Comprehensive travel coverages

No minimum income requirement

5x points category is limited

High purchase APR at 20.99%

The American Express Cobalt Card offers a competitive points system with attractive point redemption options. With no minimum income requirement, it is an accessible option for those interested in a strong rewards system with comprehensive travel benefits.

  • Gas rewards: 2 points per $1 spent

The American Express Cobalt Card is one of the best-rated credit cards in the country for travel cash back and rewards.

It offers 5 points per $1 spent on eligible food purchases; 3 points per $1 spent on streaming services; 2 points per $1 spent on gas and transit, and 1 point per dollar spent on everything else.

You can redeem your points for various rewards, including travel, merchandise credit card statement balances, purchases on Amazon.ca, and more.

This premium card offers 9 types of insurance and Front Of The Line access to various VIP experiences.

This AMEX Cobalt review covers what you need to know about it.

7. SimplyCash Card from Amex

SimplyCash Card from American Express

Excellent credit card for students

Annual fee: $0

Rewards: Earn up to 2% cash back on eligible purchases and 1.25% unlimited cashback on other purchases.

Welcome offer: Earn up to $100 in statement credits over the first 10 months

Interest rates: 20.99% for purchases, 21.99% for cash advances.

Minimum income requirement: None

Recommended credit score:
660
900

Fair to Good

New SimplyCash_Card-img

On Amex’s website

  • Earn 2% cash back on gas.
  • Earn 2% cash back on groceries up to $300 annually.
  • Earn 1.25% unlimited cashback on other purchases.
  • Earn bonus cashback of up to $750 per year for referring a friend.
  • No annual fee for a primary card or additional cards.
  • Access to American Express® Experiences that provides exclusive bonuses for events, performances, dining, and shopping.
  • Coverage up to $100,000 for Accidental Death and Dismemberment Insurance.

Earn up to 2% cashback

No annual fee

Earn bonus cashback for referring a friend

Access to American Express® Experiences

Lower cashback than some other cards

$300 annual limit on 2% cashback rate for groceries

The SimplyCash Card from American Express provides you with the option to earn up to 2% cash back on gas and groceries plus 1.25% cash back on other purchases. It has no annual fee and comes with a few perks like access to American Express® Experiences.

  • Gas rewards: 1.25% unlimited cash back

With this card, you can earn 2% cash back on gas at eligible stations in Canada, and you can use it anywhere that Amex is accepted.

You can also get 2% cash back on groceries up to $300 annually and 1.25% on all other spendings with no limit.

You may even get travel coverage if you use your card to book a trip, and there are several benefits you can enjoy with American Express Experiences.

It is a no-fee card, and there is also no annual fee for additional cards. The APR is 20.99% for purchases and 21.99% for cash advances.

8. MBNA Rewards Platinum Plus Mastercard

MBNA Rewards Platinum Plus Mastercard

Good no-annual-fee cash back card

Annual fee: $0

Rewards: Earn 2 points per $1 spent on groceries, restaurants, and bill payments. Earn 1 point per $1 spent on all other purchases.

Interest rates: Purchases 19.99, cash advances 24.99.

Minimum income requirement: No minimum income is advertised.

Recommended credit score:
725
900

Good to Very Good

MBNA Rewards Platinum Plus Mastercard

On MBNA’s website

  • Earn 2 points per $1 spent on groceries, restaurants, digital media, and household utility bills.
  • Earn 1 point per $1 spent on all other purchases.
  • Annual birthday bonus equivalent to 10% of points earned in the previous 12 months.
  • Redeem for merchandise, travel, gift cards, statement balances, or charitable donations.
  • Mobile Device insurance of up to $1,000.
  • Extended warranty and purchase assurance on items purchased through the credit card.

No annual fee

Wide variety of redemption options

Good insurance options for a no-fee card

Earn rates on the categories are capped annually at $10,000

Point redemption values are higher on other cards

Cash redemption rates are poor (200 points per $1)

This card works well as an entry-level cash back credit card without annual fees. Points earned can be easily redeemed for various rewards.

  • Gas rewards: 2 points per $1

The MBNA Rewards Platinum Plus Mastercard is a top credit card for gas purchases and travel rewards.

It offers 2 points for every dollar spent on eligible gas, grocery, and restaurant purchases. Note that there is a $5,000 annual cap for each of these categories.

All other spending earns at a 1% rate, and you can redeem your points as a statement credit or use it for travel, gift cards, and merchandise.

This card also offers purchase protection and extended warranty coverage.

9. Triangle Mastercard

Canadian Tire Triangle Mastercard

Rewards: Collect 1.5% back in CT Money on grocery purchases; 4% on purchases at Canadian Tire (and affiliated stores); and more.

Welcome offer: N/A

Interest rates: 19.99% on purchases and 22.99% on cash advances.

Annual fee: $0

  • Gas rewards: 5-7 cents per litre at Gas+ stations

The Triangle Mastercard does not have an annual fee. You can use this card to earn Canadian Tire (CT) Money, where $1 in CT Money equals $1.

You can get $0.05 per litre back at Gas+ and Essence+ locations in CT Money. You can also earn 4% when you spend at Canadian Tire and partner stores like Sport Chek and Party City, 1.5% back on groceries and 0.5% on everything else.

The APR is 19.99% for purchases and 22.99% for cash advances, and there is no annual income requirement.

10. PC Financial Mastercard

PC Financial Mastercard

Rewards: 25 points/$1 at Shoppers Drug Mart, 10 points/$1 at Loblaw-banner grocery stores; 30 points/litre of gas at Esso/Mobil, etc.

Welcome offer: N/A.

Interest rates: 20.97% on purchases; 22.97% on cash advances.

Annual fee: $0

  • Gas rewards: 30 points/litre of gas at Esso/Mobil stations

The PC Mastercard has no annual fee and lets you earn PC Optimum points, which you can redeem at over 4,500 locations. It is a popular rewards program that makes earning and redeeming points easy.

You can make savings at both Esso and Mobil stations, where you can earn 30 points per litre or more.

There are also lots of other ways to earn points. For example, you can earn 10 points for every $1 you spend on groceries at Loblaws and partner stores.

It has a minimum personal income requirement of $80,000 or a minimum household income of $150,000. The APR is 20.97% on purchases and 22.97% on cash advances.

11. BMO CashBack World Elite Mastercard

BMO CashBack World Elite Mastercard

Good for travel rewards

Annual fee: $120 (first year free)

Rewards: Earn 5% cash back on groceries. Earn 4% cash back on transit. Earn 3% cash back on gas. Earn 2% cash back on recurring bills. Earn 1% cash back on all other purchases.

Interest rates: 20.99% for purchases and 23.99% for cash advances

Minimum income requirement: $80,000 minimum personal annual income and $150,000 for household income

Recommended credit score:
660
900

Good

On BMO’s website

  • Earn 5% cash back on groceries (up to $500 monthly spending).
  • Earn 4% cash back on ride-sharing, taxis, or public transportation (up to $300 monthly spending).
  • Earn 3% cash back on gas and EV charging (up to $300 monthly spending).
  • Earn 2% cash back on recurring bills (up to $300 monthly spending).
  • Earn 1% cash back on all other purchases.
  • Redeem cash back by paying off statement credits, direct deposits into your BMO account, or depositing to your Investorline account.
  • Free access to Wi-Fi hotspots worldwide when travelling through Boingo Wi–Fi.
  • Free roadside assistance.
  • Various travel insurance benefits, including medical and trip cancellation.

Comprehensive travel insurance

Access to a 24/7 concierge

Free roadside assistance (valued at approximately $69 per year)

High income requirements

Caps on spending in every category

The BMO Cashback World Elite Mastercard is an excellent card that keeps things simple. Rather than figuring out complicated conversion rates and being restricted to redeeming only on specific categories, this cash back card gives users more control over how their rewards are being spent.

  • Gas rewards: 3% cash back on gas ($300 maximum monthly spending)

With the BMO CashBack World Elite Mastercard, you get 3% cash back on your gas purchases and vehicle charging.

In addition, you can earn 5% cash back on grocery purchases, 4% on transit, 2% on recurring bills and 1% on everything else.

You can redeem your cash back anytime if you have earned $1 or more. It also comes with additional benefits like roadside assistance and travel insurance coverage.

This card requires a minimum personal income of $80,000 or a minimum household income of $150,000. The annual fee is $120, and the APR is 20.99% for purchases and 23.99% for cash advances.

Methodology:

We have used several factors to determine which are the best gas credit cards in Canada. These include the cash back or rewards points you can earn, earning limits, if there are any, and factors like the APR, fees, and additional rewards you can enjoy.

Best Credit Cards for Gas in Canada Summary

Credit CardsAnnual FeeIncome RequirementGas Rewards
Tangerine Money-Back Credit Card$0$12,000Up to 2% cash back
Triangle World Elite Mastercard$0$80,0005-7 cents per litre at Gas+ stations
Scotia Momentum Visa Infinite Card$120$60,0002% cash back
Neo Everyday Essentials Card$0; $8.99 monthly subscription for perksN/AAverage 5% cash back, pay extra for 1.5x cash back boost
Scotiabank Gold American Express Card$120$12,0003 points per $1 spent
American Express Cobalt Card$155.88N/A2 points per $1 spent
SimplyCash Card from Amex$0N/A2% cash back
MBNA Rewards Platinum Plus Mastercard$0N/A2 points per $1 spent
Triangle Mastercard$0N/A$0.05 per litre back at Gas+ and Essence+ locations
PC Financial Mastercard$0$80,00030 PC Optimum points per litre at Esso and Mobil stations
BMO Cash Back World Elite Mastercard$120$80,0003% cash back

What Is a Gas Credit Card?

If you spend a lot of money on gas, it’s understandable that you want to save as much as possible. You might have a daily commute or drive long distances regularly, and there is not much you can do about gas prices.

But choosing the right credit card can make a big difference.

Gas credit cards are like normal credit cards, and you use them for daily spending. However, they provide additional benefits when you make gas purchases.

This can come in the form of cash back or rewards points that you can use for discounts and other benefits.

Some credit cards are also directly associated with gas companies, so you can only get points or cash back at their pumps.

Benefits and Downsides of Gas Credit Cards

There are several pros and cons to consider when it comes to using a gas credit card in Canada:

Pros:

  • Save money on your gas purchases, either through cash back or rewards points.
  • Enjoy other benefits like cash back or rewards points for your purchases in other categories at the same time.
  • You may find good sign-up bonuses like a higher cash back rate or additional points.

Cons:

  • You may find better rewards with another type of credit card. General credit cards may have better cash back rates even if they are not considered gas credit cards.
  • Some cards may have earning caps, limiting how much cash back or rewards you can earn.
  • Gas cards may limit how you use your rewards. You might want to use rewards on other things instead of gas, in which case a general rewards program may be more suitable.

How to Choose a Gas Credit Card

When choosing a gas credit card in Canada, there are several factors to consider to make the best choice.

First, find out about the rewards. Do you want cash back or rewards points? Compare the different amounts offered by different cards. For example, while some may have better cash back rates on gas, look at other rewards too.

Find out about the rewards caps on cash back. For example, some cards may offer a higher cash back rate but have a lower annual limit on the amount you can earn.

Check the annual fee. Some may be free to use, while some may have a high fee. Work out how much you can expect to save by making gas purchases taking the fee into account.

Do you only get rewards for paying at the pump? Most offer points for all gas station purchases, so you should know which option your card provides.

Don’t forget to look at the other features, including the other rewards you can earn, APR on purchases and cash advances, and any other perks like no foreign exchange fees and insurance coverage.

How to Apply for a Gas Credit Card

Applying for a gas credit card is a straightforward process in most cases. Once you have gone over the cards’ details and made your choice, you can usually apply via the credit card website.

There may also be an option to apply over the phone or even in person at your local branch.

Before you start the application process, check the requirements. There will usually be age and residency requirements, but the most important is the minimum annual individual or family income requirements.

Most gas credit cards will require you to have a good credit score to be accepted. If you do not have a good score, be careful about applying. Instead, you may want to apply for a secured credit card first and build your credit score.

Once you have applied, you may find that your application is accepted or declined almost immediately. If it is accepted, the provider will then send you the card, and you can activate it and start using it.

Frequently Asked Questions

What credit card is best for gas stations in Canada?

There are several good credit cards for gas stations in Canada. In our opinion, the American Express Cobalt Card is the best premium gas credit card, and the Tangerine Money-Back Credit Card is the best no-fee gas credit card.

What is the best transit credit card?

The best transit credit card depends on your requirements, such as whether you want to earn cash back or reward points. We think the American Express Cobalt Card is a good option, but explore the cards in this guide to find which one is best for you.

What are the best credit cards for EV drivers?

Several credit cards provide benefits for charging at EV stations, including the BMO Cash Back World Elite Mastercard.

What gas station has the best rewards in Canada?

The Petro Points program by Petro-Canada is popular, but Esso and Shell also have good programs.

Is paying for gas with a credit card a good idea?

Yes, if you have a credit card that offers rewards for your gas purchases.

What Amex credit card is best for fuel?

We recommend the American Express Cobalt Card if you want an Amex credit card to spend on fuel purchases.

Do gas credit cards build credit?

Yes, all credit cards, including gas credit cards, build credit as long as you make the monthly payments on time.

What is the best business credit card for gas?

If you want a business credit card for gas, you may want to consider the Esso and Mobil Business Card or the CIBC Aeroplan Visa Business Card, but other options exist.

Best Credit Offers in January 2023

Earn up to 5% cash back at over 10,000 retail locations ($25 Bonus)

Get a $25 bonus when you are approved for the Card.

No annual account fees.

Earn up to 5% unlimited cash back at 10,000+ participating stores.

Guaranteed instant approval credit card.

Get up to 5% cashback and grow your savings ($20 bonus)

Best free prepaid reloadable Mastercard plus a $20 welcome bonus.

Free budgeting app with automatic savings features.

Increase your credit score with optional credit building add-on.

Earn up to 2.00% interest on your entire balance.*

Get one of the no-fee cash back credit cards in Canada ($150 bonus)

Earn 2% unlimited cash back in up to 3 spending categories.

Get a $150 welcome bonus after spending $1,000 in the first two months.

1.95% low-rate balance transfer, airport lounge access, and insurance benefits.

No annual fees to use the card and cashback is paid out monthly.

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Author

Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch is passionate about helping others win with their finances and has been writing about money matters for over a decade. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, CBC News, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, and many other personal finance publications. You can learn more about him on the About Page.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

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*Limited time offer. Terms and conditions apply.
Best No Annual Fee Prepaid Cash Back Card
Best No Annual Fee Prepaid Cash Back Card
No monthly fees. Get up to 5% cash back on purchases. $20 bonus with CASHBACK code.
*Limited time offer. Terms and conditions apply.