Credit Cards

The Top 4 Credit Cards For Gas Purchases In Canada

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Last updated on November 26, 2020

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 Card

American Express Gold Rewards Card

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on American Express' website

Welcome Offer: 25,000 Points when you charge $1,500 in purchases to your Card in your first 3 months of Card membership

Earn Rate: 2x points for travel, groceries, gas stations, and drugstores. 1x point on everything else.

Annual Fees: $150

Min. Income Required: $0

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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®*

BMO CashBack World Elite Mastercard

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on BMO's website

Welcome Offer: 10% cash back in your first 3 months (up to $2,000 in total purchases)

Earn Rate: Earn more cash back on the categories that mean the most: - 5% on groceries* - 4% on transit including ride sharing, taxis and public transportation* - 3% on gas and electric vehicle charging* - 2% on recurring bill payments like your monthly phone bill or favorite streaming service*

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

Shell AIR MILES®† MasterCard® from BMO

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on BMO's website

Welcome Offer: Get 800 AIR MILES Bonus Miles!* That’s enough for $80 towards purchases with AIR MILES Cash.*

Earn Rate: Always get 3x the miles at participating AIR MILES Partners. 1 Mile for every $25 in card purchases everywhere else. Get topped-up to 5x the AIR MILES Reward Miles on groceries until May 31, 2021. Use any BMO AIR MILES credit card with your AIR MILES Card when you shop at Sobeys, Safeway, Foodland & Participating Co-op’s, Urban Fresh, Thrifty Foods, IGA, Les Marchés Traditions and Rachelle Béry.*

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

tangerine credit card

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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 $12,000

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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