The best gas credit cards in Canada give you the highest rewards rate for all gas purchases. If you make a lot of your purchases filling up on gas, or even just making purchases at gas stations, a credit card that adds maximum points multipliers for every dollar spent is what you’re looking for. We’ve ranked the best gas credit cards currently on the market.
Best For Maximum Rewards On Gas Purchases
American Express Gold Rewards
on American Express’ website
Welcome Offer: 25,000 Points
Earn Rate: 2x points for travel, groceries, gas stations, and drugstores. 1x point on everything else.
Annual Fees: $150
Min. Income Required: $0
With the American Express Gold Rewards card, you can get the highest rewards rate of 5% back for all gas purchases, but it does come with a little bit of extra work to get there. You have to transfer your American Express Membership Rewards points 1:1 to Aeroplan, which will then convert to 5% return for every dollar spent when you redeem your converted Aeroplan Miles for flights. The card also comes with 25,000 Points as a welcome offer, great insurance coverage, and has no minimum income requirements.
Highest Earn Rate Welcome Offer
BMO CashBack World Elite Mastercard
on BMO's website
Welcome Offer: 10% cash back in your first 3 months (up to $2,000 in total purchases) + first year fee waived (offer valid until Oct. 31, 2020)
Earn Rate: Get 1.5% cash back on all purchases.
Annual Fee: $120
Min. Income Required: $80,000 personal or $150,000 household
The BMO CashBack World Elite Mastercard comes with a 10% cash back welcome offer for your first 3 months + your first year’s annual fee waived. The regular earn rate of 1.5% cash back is a little lower than other gas credit cards in Canada, but the rewards rate earned during the welcome offer period (10%) is among the highest in the market. This is a premium card and requires an annual personal income of at least $80,000 or household income of $150,000.
Best No-Fee Gas Card For Air Miles
BMO Shell AIR MILES Mastercard
on BMO's website
Welcome Offer: Get 950 AIR MILES Bonus Miles!* That’s enough for $100 towards purchases with AIR MILES Cash. Get 5x the Miles at Shell until December 31, 2020.
Earn Rate: Always get 2x the miles at participating AIR MILES Partners (2 Miles for every $20 spent). 1 Mile for every $20 in card purchases everywhere else
Annual Fee: $0
Min. Income Required $15,000
If you collect Air Miles, the BMO Shell AIR MILES Mastercard is the perfect card for you. It comes with one of the highest earn rates for Air Miles of any card, and surprisingly, it comes with no annual fees as well. To maximize your rewards on gas purchases, you’re limited to getting all your gas at Shell. If that’s not a problem for you, you’ll earn 5x the Miles at all Shell purchases, and 2x the Miles at all Air Miles partners. You’ll also get 950 Air Miles as a welcome bonus, which is equivalent to $100 in Air Miles cash.
Best Gas Credit Card With No Annual Fee
Tangerine Money-Back Credit Card
on Tangerine's website
Welcome Offer: choose up to 3 categories and receive a 4% cash back on those for the first 3 months.
Earn Rate: 2% cash back on your selected categories, and 0.5% on everything else.
Annual Fee: $0
Min. Income Required: Personal $15,000
One of the most popular no-fee credit cards in Canada is also a great card for gas puchases. The Tangerine Money-Back Credit Card is a little bit different in that you get to choose the category of purchases where you earn the most rewards. If you choose the gas category, you’ll get 2% back on every dollar spent for your gas purchases. For all other purchases, you’ll get 0.5%. It comes with a lower income requirement of $12,000, has unlimited cash back, and is one of the top cards to have in your wallet that has no annual fees.
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