Top 2024 credit cards for gas in Canada

Natasha Macmillan, Business Unit Director - Everyday Banking

March 5, 2024

With gas prices reaching unprecedented levels in 2022, and despite some relief this year, the overall cost of fuel can still be a significant expense for consumers. It's not surprising that many Canadians are seeking ways to cut back on their gas expenses and save more money at the pumps.

We look at the best gas credit cards in Canada so that you can minimize your car’s impact on your bottom line.

Best credit cards for gas in Canada

Featured
Tangerine Money-Back Credit Card
Earn an extra 10% back on up to $1,000 in everyday purchases within the first 2 months. Must apply by January 31, 2025.
Featured
CIBC Dividend® Visa Infinite* Card
Get a first-year annual fee rebate and earn a 10% cash back welcome bonus of up to $300 (first 4 statements)!†
Featured
American Express® Gold Rewards Card
Earn up to 60,000 Membership Rewards® points

Best no annual fee cash back credit card for gas

Featured

4.5 Ratehub rated

Best for Flexible spending

First year reward

$756/yr

based on spending $2,200/mo after $0 annual fee

Earn rewards: 0.5% – 10% / dollar spent
Welcome bonus: $100
Annual fee: $0

Perks of the Tangerine Money-Back Credit Card

Perks	Details
Lounge access	Not included
Waived foreign transaction fees	Not included
Travel accident insurance	Not included
Travel emergency medical	Not included
Car rental insurance	Not included
Trip cancellation	Not included
Trip interruption	Not included
Flight delay insurance	Not included
Baggage loss insurance	Not included
Baggage delay insurance	Not included
Hotel/motel burglary	Not included
Mobile insurance	Not included
Purchase assurance	Not included
Extended warranty	Not included
Price protection	Not included

Other perks

Ratehub.ca’s 2023 Award Winner – Best No Fee Cash Back Credit Card
Life’s back in session. Enjoy it with an extra 10% back.*
Apply for a Tangerine Money-Back Credit Card by January 31, 2025 and earn an extra 10% back (up to $100) when you spend up to $1,000 in everyday purchases within your first 2 months.*
Earn 2% Money-Back Rewards on purchases in two 2% Money-Back Categories of your choice, and 0.50% Money-Back Rewards on all other purchases.
Earn extra rewards – have your Money-Back Rewards deposited into a Tangerine Savings Account, and get a 3rd 2% Money-Back Category.
No limit on the amount of Money-Back Rewards you can earn.
Change your 2% Money-Back Categories to suit your spending.

Ratehub’s take

While the Tangerine Money-Back Credit Card is a no annual fee card, what really sets it apart is the ability to customize your rewards. With this card, you can choose your own bonus categories (which will earn you a strong cash back rate of 2% per dollar spent). This is rare in the credit card market and means you can avoid being locked into a bonus category that you can’t take full advantage of, or that doesn’t align with your spending habits.

Pros

Customizable bonus categories: Flexibility to pick up to three bonus categories to earn 2% cash back on (out of a total of 10 options), which is in sharp contrast to most other cards where you have fixed bonus categories that you have no control over. Users are also given the freedom to change the bonus categories at any time (changes will take up to 90 days to come into effect)
High cash back earning rate: 2% cash back per dollar on bonus categories is one of the richest earn rates for a no-fee card, plus your rewards are unlimited and don’t have monthly or annual maximums
Wide acceptance: Widely accepted almost everywhere including No Frills and Costco
Additional cards at no cost: Free supplementary cards for authorized users
Frequent cash back reimbursement: Cash back is refunded on a monthly basis, instead of the standard annual reimbursement

Cons

Limited cash back for non-bonus categories: For all purchases that aren’t categorized under one of your chosen bonus categories, you’ll earn just 0.5% cash back
Limited travel insurance and perks: No travel medical insurance or any substantial side perks

Ratehub.ca's take

While the fact that the Tangerine Money-Back Credit Card is a no annual fee card is a big reason behind its popularity, what really sets this card apart is the customizability. With this card, you can choose your own bonus categories including gas, groceries, and restaurants (which will earn you a strong cash back rate of 2% per dollar spent). On top of that, your cash back is refunded on a monthly basis (instead of the standard annual reimbursement).

Pros

Flexibility to pick up to three bonus categories to earn 2% cash back on (out of a total of 10 options), which is in sharp contrast to most other cards where you have fixed bonus categories that you have no control over
2% cash back per dollar on bonus categories is one of the richest earn rates for a no-fee card
Freedom to change up your bonus categories at any time (changes will take up to 90 days to come into effect)
Widely accepted almost everywhere including No Frills and Costco as it is a Mastercard credit card
Extended warranty and purchase protection
Free supplementary cards for authorized users

Cons

For all purchases that aren’t categorized under one of your chosen bonus categories, you’ll earn just 0.5% cash back
No travel medical insurance or any substantial side perks

Best cash back credit card for gas

Featured

4.5 Ratehub rated

Best for Groceries & gas

First year reward

$735/yr

based on spending $2,200/mo after the annual fee

Earn rewards: 1% – 4% / dollar spent
Welcome bonus: $300
Annual fee: see Details

Perks of the CIBC Dividend® Visa Infinite* Card

Perks	Details
Lounge access	Not included
Waived foreign transaction fees	Not included
Travel accident insurance	$500,000 per person
Travel emergency medical	$5,000,000 for 10 days (under 65)
Car rental insurance	MSRP of up to $65,000, for 48 days
Trip cancellation	Not included
Trip interruption	Not included
Flight delay insurance	Not included
Baggage loss insurance	Not included
Baggage delay insurance	Not included
Hotel/motel burglary	Not included
Mobile insurance	Up to $1,000 per occurence
Purchase assurance	Replacement/repair within 90 days
Extended warranty	Up to one additional year
Price protection	Included

Other perks

Ratehub.ca’s 2023 Award Winner – Best Cash Back Credit Card

Welcome Offer: Get a first-year annual fee rebate and earn a 10% cash back welcome bonus of up to $300 (first 4 statements)!†

After that, get 4% cash back on eligible gas, EV charging and grocery purchases.†
2% cash back on eligible transportation, dining purchases and recurring payments†
1% cash back on all other purchases†
Get cash back on demand – redeem your cash back at any time when you have a minimum of $25 through CIBC Online and Mobile Banking®†
Save on gas with CIBC and Journie Rewards
Link and use your CIBC Dividend® Visa Infinite* Card with Journie Rewards to save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
This is a digital-exclusive offer. To be eligible for this offer: 1) this offer must have been directly communicated to you from CIBC or from a partner/affiliate; and 2) you must apply for the eligible card through the link provided in the CIBC or partner/affiliate communication to you.† This offer is reserved for you. Please do not forward it to anyone else.
CIBC may approve your application, but you are not eligible to receive this Offer if you have opened, transferred or cancelled another Dividend card within the last 12 months.†
This offer is not available for the residents of Quebec.
†Terms and Conditions Apply. Select Apply Now to learn more.

Ratehub’s take

The biggest selling point of the CIBC Dividend Visa Infinite is its impressive rewards on everyday essentials. On top of the 1% earn rate for all purchases, this card earns 4% cash back on both groceries and gas purchases – the best on the market, for two of the most common spending categories for Canadian households.

Pros

High earn rates on specific categories: Significantly higher earn rates on groceries, EV charging, and gas than most other cards (4% cash back)
Redeem any time: Users can redeem rewards at any time as a statement credit starting in increments of $25
Convenient payment option for large purchases: Access to CIBC’s Pace It program, allowing you to pay off large purchases in monthly increments
Exclusive program access: Access to the Visa Infinite Program, entitling you to attend special dining events and hotel perks at participating hotels and restaurants

Cons

Income requirement: The annual fee ($120) and personal income requirements ($60,000) may be prohibitive
Limited insurance coverage: Insurance coverage isn’t as comprehensive as other similar rewards cards (if insurance is a priority for you, consider the cards featured on our list of best credit cards for travel insurance)
Annual cash back is limited: While the points earnings rate is impressive, annual rewards at 4% and 2% are capped at $80,000 total, then you’ll earn at the base rate

Ratehub.ca's take

The biggest selling point of the CIBC Dividend® Visa Infinite* is its impressive rewards on everyday essentials making it the best credit card in Canada for gas and groceries. On top of the 1% earn rate for all purchases, this card earns an industry-leading 4% cash back on both groceries and gas purchases – two of the most common spending categories for Canadian households. Thanks to CIBC’s new Cash Back on demand feature, cardholders can choose to redeem rewards at any time as a statement credit starting in increments of $25.

Pros

Significantly higher earn rates on groceries and gas than most other cards (4% cash back)
Flexible cash back redemption option allowing users to redeem their cash back at any time in increments of $25
Access to CIBC’s Pace It program, allowing you to pay off large purchases in monthly increments
Features an excellent digital-only welcome bonus, where new users who apply online can earn a 10% cash back welcome bonus of up to $300 (first 4 statements). Offer not available to QC residents. Terms and conditions apply.
Access to the Visa Infinite Program, entitling you to attend special dining events and hotel perks at participating hotels and restaurants

Cons

Annual fee ($120) and personal income requirements ($60,000) may be prohibitive
Insurance coverage isn’t as comprehensive as other similar rewards cards (if insurance is a priority for you, consider the cards featured on our list of Best credit cards for travel insurance)

Best credit card for roadside assistance

Featured

Best for Household spending

First year reward

$1,255/yr

based on spending $2,200/mo after $139 annual fee

Earn rewards: 1% – 3% / dollar spent
Welcome bonus: $500
Annual fee: $139 $0 first year waived

Perks of the TD Cash Back Visa Infinite* Card

Perks	Details
Lounge access	Not included
Waived foreign transaction fees	Not included
Travel accident insurance	Not included
Travel emergency medical	Included
Car rental insurance	Included
Trip cancellation	Not included
Trip interruption	Not included
Flight delay insurance	Not included
Baggage loss insurance	Included
Baggage delay insurance	Included
Hotel/motel burglary	Not included
Mobile insurance	Included
Purchase assurance	Included
Extended warranty	Included
Price protection	Not included

Other perks

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.
- Bonus Eligible Purchases are Gas Purchases, Grocery Purchases & Pre-authorized payments, until a total collective spend of $3,500 of such purchases have been made^†.
- Get an Annual Fee Rebate for the first year^†.
To receive the first-year annual fee rebate, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening and you must add your Additional Cardholders by January 6, 2025.
Earn Cash Back Dollars on every eligible purchase.
Emergency Road Services with Deluxe TD Auto Club Membership^†
Complimentary Visa Infinite* Concierge service^† available 24/7
Mobile Device Insurance^†
Earn 3% in Cash Back Dollars on eligible grocery Purchases and gas Purchases^†, and on regularly recurring bill payments^† set up on your account
Earn 1% Cash Back Dollars on all other Purchases made with your Card^†
Redeem your Cash Back Dollars to help pay down your Account balance whenever you please – the choice is yours!^†
Your Cash Back Dollars never expire as long as your account is open and in good standing
^†Terms and conditions apply.
Financial institutions pay us for connecting them with customers, including by paying for advertisements, clicks, or when someone applies for/is approved for a product. Terms and conditions apply between you and the provider of the product – please be sure to review them. Product information and details vary for Quebec. The content provided on our site is for information only; it is not meant to be relied on or used in lieu of advice from a professional. Partners/Advertisers are not responsible for the accuracy of information on our site. However, not all products we list are tied to compensation for us. Our industry-leading education centres and calculators are available 24/7, free of charge, and with no obligation to purchase. To learn more, visit our About us page.

Ratehub’s take

The TD Cash Back Visa Infinite offers a strong earn rate on rewards and the option to redeem your cash back at any time (minimum $25). Plus, the card packs a punch with added benefits like travel insurance coverage – which is rare for a cash back card.

Pros

High earn rate: Strong earn rate of 3% cash back on gas, groceries and recurring bills and 1% on all other purchases
Additional perks: Complimentary roadside assistance through Deluxe TD Auto Club membership, discounts at Avis and Budget Rent-A-Car locations
Travel insurance: This card includes travel medical and delayed/lost baggage insurance, which is quite uncommon for non-travel cards. Additional insurance includes purchase security and extended warranty protection.

Cons

Cap on key spending categories: $15,000 yearly spending cap for gas, groceries and recurring bills – after which the rate drops to 1%. Big spenders in these categories may want to consider partnering this card with one that offers non-capped rates
Income requirements: $60,000 minimum personal income requirement may pose a hurdle for some users

The TD Cash Back Visa Infinite is also a top contender for best credit card for gas as it also includes roadside assistance. Cardholders have complimentary 24/7 emergency road services through an included Deluxe membership with TD Auto Club. This package includes emergency assistance calls, towing, lockout and winching services, traffic accident emergency transportation, meals, and accommodations and necessities. For frequent commuters or road-trippers, these are great perks that bring peace of mind when travelling.

Also consider

Featured

4.0 Ratehub rated

Best for Groceries & gas

First year reward

$705/yr

based on spending $2,200/mo after $250 annual fee

Earn rewards: 1pt – 2pts / dollar spent
Welcome bonus: 60,000 points (a $600 value)
Annual fee: $250

Perks of the American Express® Gold Rewards Card

Perks	Details
Lounge access	Not included
Waived foreign transaction fees	Not included
Travel accident insurance	Included
Travel emergency medical	Included
Car rental insurance	Included
Trip cancellation	Not included
Trip interruption	Included
Flight delay insurance	Included
Baggage loss insurance	Included
Baggage delay insurance	Included
Hotel/motel burglary	Not included
Mobile insurance	Not included
Purchase assurance	Included
Extended warranty	Included
Price protection	Not included

Other perks

Earn up to 60,000 Membership Rewards® points:
New American Express® Gold Rewards Cardmembers, earn 5,000 Membership Rewards® points for each monthly billing period in which you spend $1,000 in net purchases on your Card
This could add up to 60,000 points in a year. That’s up to $600 towards your next vacation
Earn 2 points for every $1 in Card purchases for eligible travel purchases, including flights, hotels, car rentals, cruises, and more
Earn 2 points for every $1 in Card purchases at eligible gas stations, grocery stores and drugstores in Canada, and 1 point for every $1 in Card purchases everywhere else
The Card is now available in your choice of Gold or Rose Gold metal options
Receive a $50 CAD statement credit when a NEXUS application or renewal fee is charged to your American Express Gold Rewards Card
You have access to an annual $100 CAD Travel Credit, compliments of your American Express Gold Rewards Card. Use the credit once annually towards any single travel booking of $100 or more charged to your Gold Rewards Card through American Express Travel Online
As a Gold Rewards Cardmember, you can receive complimentary membership in Priority PassTM – one of the world’s largest independent airport lounge programs. Escape the chaos of airports and relax in an oasis of calm and simply enjoy the fact that the travel experience has begun before your plane has even left the ground. Enrollment is required and entry fees apply
Enjoy four (4) complimentary visits per Calendar year to Plaza Premium Lounges across Canada. Entry fees apply once complimentary visits have been used
Charge any eligible purchase to your credit Card then log in to redeem your earned points for a statement credit
Transfer points 1:1 to several frequent flyer and other loyalty programs
1 Free Additional Gold Rewards Card (a $50 value) to help you earn points faster
Subject to approval. The preferred rate for purchases is 21.99% and funds advances is 21.99%. If you have Missed Payments, the applicable rates for your account will be 25.99% and/or 28.99%. See the information box included with the application for the definition of Missed Payment and which rates apply to charges on your account and other details
American Express is not responsible for maintaining of monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.

The bottom line

You can maximize your fuel spending rewards by using theTangerine Money-Back Credit Card or the CIBC Dividend Visa Infinite at the pumps. For roadside assistance, the TD Cashback Visa Infinite offers high-level roadside assistance while maintaining a strong cash back rewards scheme.

*This blog is for educational purposes and isn’t legal insurance advice. Check credit card roadside assistance policies for details.

Categories	Credit Cards
Tags	best credit cards Canada credit card rewards credit cards rewards roadside assistance

Tangerine Money-Back Credit Card

Best for Flexible spending

Ratehub.ca's take

Pros

Cons

CIBC Dividend® Visa Infinite* Card

Best for Groceries & gas

Ratehub.ca's take

Pros

Cons

TD Cash Back Visa Infinite* Card

Best for Household spending

American Express® Gold Rewards Card

Best for Groceries & gas

The bottom line

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