Compare Gas Rewards Credit Cards 2021 l Finder Canada

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Gas rewards credit cards 2021

Get rewarded every time you fill up your gas tank by earning accelerated cash back, rewards points or discounts.

If you’re always on the go, frequent gas station trips might be unavoidable. While gas prices seem to always be rising, you can get some relief by using the right credit card. Get rewarded each time you pay for fuel — choose between discounts per litre or earn high rates of cash back or rewards points when you purchase gas. Almost all gas stations in Canada accept credit cards, whether it’s a Mastercard, Visa or American Express branded credit card — so using plastic to pay at the pump can be a rewarding and convenient experience.

*How we chose the best gas cards

We’ve chosen the cards on this page based on the providers available through Finder. These cards are not representative of the entire market. Our top gas cards offer a high value of rewards points or cash back on gas purchases, exclusive perks such as complimentary travel insurance and roadside assistance, and a signup bonus. We’ve also considered annual fees and balance transfer fees.

No single gas card will be the best choice for everyone, so compare your options before picking your new card.

Best overall gas card: American Express Gold Rewards Card

American Express Gold Rewards Card

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The American Express Gold Rewards Card lets you earn accelerated travel rewards points that can be used towards flights or transferred to frequent flyer and other loyalty programs. Earn 2 Membership Rewards points for every $1 spent on eligible gas station, grocery store, drug store and travel purchases and on eligible hotel and car rental bookings made with American Express Travel, and earn 1 Membership Reward point for every $1 spent on all other eligible purchases

As an added bonus, the card comes with a generous incentive for new cardmembers. Earn a Welcome Bonus of 25,000 Membership Rewards points when you spend at least $1,500 on eligible purchases within the first three months Card members also get access to a suite of travel benefits including insurance coverage. However, take note that this is a charge card, not a regular credit card, which means that you must pay off your balance fully each month or a penalty interest rate of 30% will be applied.

Please note: All information about TD Cash Back Visa Infinite Card has been collected independently by Finder and this card is not available through this site.

Best for earning cash back: TD Cash Back Visa Infinite Card

TD Cash Back Visa Infinite Card

Earn 3% cash back when you make eligible purchases of up to $15,000.00 per year on each of groceries, gas and recurring bill payments on your credit card. Earn 1% for eligible purchases above $15,000.00 and for all other spending.

With the TD Cash Back Visa Infinite Card, you’ll earn % cash back on all eligible grocery store purchases, gas purchases and regularly recurring bill payments. Plus, you’ll earn 1% on all other purchases. What really makes this card stand out as one of the top cash back cards is the big welcome bonus of 6% cash back on all eligible purchases for the first three months.

If you’re a frequent traveller, the Visa Infinite perks can come in handy. Enjoy travel insurance coverage, a complimentary concierge service, roadside assistance and access to exclusive experiences and discounts.

Best for earning rewards points: American Express Cobalt Card

American Express Cobalt Card

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The American Express Cobalt Card boasts a wide suite of benefits and a powerful rewards program that lets you redeem points for travel, merchandise, Amazon.ca purchases, gift cards and statement credit. Earn 5 Membership Rewards points per $1 spent at eligible grocery stores, restaurants, bars, cafés and food delivery services, 2 points per $1 spent at eligible gas stations, and on transit and travel purchases, and 1 point per $1 spent elsewhere.

Enjoy complimentary travel insurance, car rental benefits, protection on your purchases and a generous signup bonus. Earn up to 45,000 bonus Membership Rewards points. In your first year as a new Cobalt Cardmember, earn 2,500 points for each monthly billing period in which you spend $500 on your card (for a total of 30,000 points in a year). Plus, earn 15,000 points when you spend a total of $3,000 in purchases on your Card in your first 3 months. Apply by May 5, 2021.

Best for no annual fee: Tangerine Money-Back Credit Card

Tangerine Money-Back Credit Card

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Earn 2% cash back in two categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and 0.5% cash back on everything else. Categories include groceries, restaurants, hotels, gas, recurring bill payments, drug store, home improvement and entertainment.

Best for signup bonus: Scotiabank Gold American Express Card

Scotiabank Gold American Express Card

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With a fresh new look, the Scotiabank Gold American Express Card is a powerful everyday credit card as well as a strong travel companion. Book and redeem any flight for any time through Scotia Rewards Travel Service, a full-service travel agency. Plus, take advantage of the Best Price Guarantee on airfare. Enjoy peace of mind with a broad array of travel insurance options including Emergency Medical (up to $1,000,000), Travel Accident, Trip Cancellation and Interruption, Flight Delay, Delayed or Lost Baggage and Rental Car Collision Loss/Damage.

Best for using at Shell gas stations: Shell CashBack Mastercard from BMO

Shell CashBack Mastercard from BMO

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The Shell CashBack Mastercard from BMO comes with a $0 annual fee and lets you earn cash back on gas purchases. Get 1.5% cash back at participating Shell locations in Canada (up to a maximum spending of $2,500 in any monthly billing period), and get 0.5% cash back everywhere else.

New cardholders can earn extra cash back rewards with a special welcome bonus. Get $50 in cash back bonuses once you charge your first eligible purchase to your card. Plus, earn 1% cash back for the first 6 months on all eligible purchases. Eligible items charged to your card are automatically covered against theft and damage through complimentary Purchase Protection. Plus, Extended Warranty Insurance extends the original manufacturer's warranty on eligible items by up to 1 additional year.

Two types of credit cards with benefits on gas purchases

There are typically 2 different types of credit cards with gas rewards:

  • Credit cards that provide you with perks like cash back or rewards points when you fill up your tank at almost any gas station across Canada.
  • Credit cards from providers that have partnered with gas stations, meaning you can only reap rewards when you fill up your tank at that brand of stations. One such card is the WestJet RBC World Elite Mastercard. In addition to saving 3¢/L on fuel purchased at Petro-Canada, Petro Points members can earn 20% more points by linking their membership card to their WestJet RBC World Elite Mastercard.

Rewards credit cards vs. gas station specific credit cards

Rewards credit cardGas station specific credit cards
Use:Can be used at almost every gas station across Canada, earning rewards at all stations.Can be used anywhere, although rewards or discounts will typically be affiliated with a single gas station brand.
Earn:Allows you to accumulate cash back or rewards points that you can redeem.May offer instant discounts on gas purchases or accelerated rewards.
Interest rates:Interest rates will likely be standard. Some cards may come with balance transfer offers.Interest rates will likely be standard. Some cards may come with balance transfer offers.
Credit limit:Credit limit will depend on your credit score and the specific card you choose.Credit limit will depend on your credit score and the specific card you choose.
Rewards:Earn rewards on all eligible gas purchases.Rewards and/or discounts at specific brands of gas stations.
Credit score:Usually requires good to excellent credit.Usually requires good to excellent credit.

Consider a gas credit card if …

  • You spend a lot on gas each month. If you spend several hundred dollars or more each month on gas, a gas credit card will give you a big break on gas costs. If you rarely drive and spend little each month on gas, you might get more out of another type of rewards card.
  • You buy gas from the same gas station brand. If you typically buy gas from the same brand and you can find a card that offers accelerated rewards or discounts for that brand, then the card will likely be of value to you.
  • You pay your balance in full each month. Watch out for your card’s interest rate. If you carry a balance from month to month, you’ll accrue interest charges that will likely offset any rewards you receive from your card. Paying your balance in full every month lets you avoid paying interest on your purchases and increases the value of your card’s rewards.

How to choose a gas credit card

While gas benefits are likely most important to you, other features of each card — such as fees and additional perks — should factor into your decision. Consider the following factors when comparing gas rewards credit cards:

  • Decide whether you want to be tied to a specific gas-station brand. If you get gas with one company, a card that offers rewards or discounts with a specific brand of gas station might offer more attractive benefits. If you shop for gas across a variety of different stations, consider a general card that offers cash back or rewards points across all eligible gas stations.
  • Signup bonus. Compare signup bonuses and consider any minimum spend requirements in order to receive the signup bonus.
  • APR. It’s wise to check a card’s APR before applying. Compare both purchase interest rates and cash advance interest rates.
  • Annual fee. If you want to save money, an annual fee might not be worth paying. Look for a card with a low or $0 annual fee. If a card has an annual fee, calculate what level of rewards you might earn based on your spending. You want these rewards to offset the card’s cost.
  • Other rewards and perks. While your primary goal is to find a credit card that will reward you for spending on gas, any other rewards you receive will only sweeten the deal. Other perks may include complimentary travel insurance coverage, shopping benefits, concierge services, early ticket access and more.

How to maximize your gas rewards

  • Choose a gas card based on nearby gas stations. It may not be worth burning fuel to drive to a gas station that’s out of the way. If there are no credit cards affiliated with gas stations near you, consider looking into a general rewards card that offers cash back or rewards points on all gas purchases.
  • Buy all your gas with your credit card. You’ll save the most money — and earn the most rewards points or cash back — when you make your gas purchases exclusively with your credit card.
  • If you’ve got a station specific card, try to exclusively buy gas there. If you opt for a credit card that offers discounts or accelerated rewards at a specific brand of gas station, try to exclusively purchase gas from those gas stations.

Compare gas rewards cards

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
American Express Cobalt Card
45,000 points
Up to 5 points per $1 spent
19.99%
$120
Min. recommended credit score: 700
Earn up to 45,000 bonus Membership Rewards points in your first year as a new Cobalt Cardmember. Apply by May 5, 2021.
Tangerine World Mastercard
Balance transfer offer
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 680
Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
Tangerine Money-Back Credit Card
Balance transfer offer
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 680
Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
BMO eclipse Visa Infinite
40,000 points
Up to 5 points per $1 spent
20.99%
$0 annual fee for the first year ($120 thereafter)
Min. recommended credit score: 760
Get up to 40,000 points and the $120 annual fee waived in the first year.
American Express Business Edge Card
42,000 points
Up to 3 points per $1 spent
19.99%
$99
Min. recommended credit score: 700
Earn up to 42,000 Membership Rewards points in your first year.
American Express AIR MILES Platinum Credit Card
2,000 Miles
Up to 1 Air Mile per $5 - $10 spent
20.99%
$120
Min. recommended credit score: 700
Earn a Welcome Bonus of 2,000 AIR MILES within the first three months. That’s enough to redeem for $200 towards your purchases with AIR MILES Cash.
Shell AIR MILES Mastercard from BMO
800 Miles
Up to 3x Air Miles for every $25 spent
19.99%
$0
Min. recommended credit score: 660
Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash).
BMO eclipse Visa Infinite Privilege
50,000 points
5 points per $1 spent
20.99%
$499
Min. recommended credit score: 760
Get up to 50,000 welcome points in your first year.
American Express Gold Rewards Card
25,000 points
Up to 2 points per $1 spent
30% annual interest rate applies to balances not paid in full each month
$150
Min. recommended credit score: 700
Earn a Welcome Bonus of 25,000 Membership Rewards points when you spend at least $1,500 on eligible purchases within the first three months.
Shell AIR MILES World Mastercard from BMO
Up to 5x Air Miles
1 Mile for every $15 spent
19.99%
$99
Min. recommended credit score: 760
Get up to 5x the AIR MILES Reward Miles on groceries Valid until May 31, 2021. Plus, get 1.25x Miles on card purchases at Shell locations in Canada.
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Learn more about the different types of gas credit cards

Bottom line

A gas credit card is a smart choice if you’re constantly filling up. Consider a general gas rewards card if you shop at a variety of different gas stations and look for a specific brand of gas station card if you buy fuel with one company.

If you’re not sure if a gas credit card is right for you, check out other rewards cards.

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