Although electric cars are on the rise, the majority of us car owners are still pumping gasoline into our vehicles and it continues to be a big line item in our monthly budgets.
Credit cards with gas multipliers are a great tool to get a sizeable discount on those gas purchases, whether it be through travel rewards or straight up cash back.
If such a big slice of your monthly-spending pie is going towards gas, might as well get the most out of it, right?
- Gas credit cards rankings
- Highest return on gas in Canada
- Best no annual fee gas credit card
- Gas credit card with travel rewards
- Cash back gas credit card
- Flexible gas credit card
2019 gas credit card rankings
We compared 48 credit cards that offer bonus categories on purchases spent on gas.
Using our math-based, unbiased algorithm, we took over 50 features from each of these cards and crunched the numbers, so you know you're getting the best of the best.
Note: The "Welcome Bonus" when presented as a dollar value is calculated by combining all one-time bonuses available to new cardholders within the first year. To qualify for the full bonus you may need to make purchases, meet minimum spending requirements, or complete special actions.
Here's a closer look at the best gas credit cards in Canada:
American Express Gold Rewards Card (5.0% Return)
Want the best gas card there is? You've come to the right place with the American Express Gold Rewards Card.
If you transfer your American Express Membership Rewards points 1:1 to either Aeroplan or Avios miles and redeem them for flights, you can expect up to a 5% return on spending for gas purchases.
Because Aeroplan miles are worth about 2.5 cents each. And this card gives you double points on gas purchases. Most other cards don't come close to a 2.5 cent point value, and if they do, they only give you 1 or 1.5 points per dollar spent instead of 2 like this card does.
It isn't cash, but a 5% return on spending is hard to ignore and the 25,000 points sign-up bonus worth about $625 doesn't hurt either!
And as one last bonus, it has no minimum income requirements either.
Scotiabank Gold American Express (4% Return)
The Scotiabank Gold American Express card is one of the only flexible travel cards that offer 4x points on gas purchases.
That means you'll get a 4% return on your spending that you can use to pay for any travel purchase booked using the Scotia Rewards Travel Service at the same prices you'd get anywhere else.
It's also one of the few cards that gives you 4x points on dining and entertainment purchases as well as grocery stores.
It comes with a sign-up bonus that's worth $150 in travel too. Not bad, eh?
Scotia Momentum Visa Infinite (4% Return)
There is a cap on how much you can earn in a given year, but who spends $25,000 a year on gas anyway? You'd have to run a trucking company or own a super yacht for that!
It comes with a $99 annual fee.
There's also the Scotia Momentum Visa ($39 fee - 2% on gas) and Scotia Momentum No Fee Visa (1% on gas) cards that have lower annual fees and lower rewards, but they both still offer a bonus for gas purchases.
Buts long as you have a decent amount of spending, then the Infinite card more than makes up for the annual fee difference.
TD® Aeroplan® Visa Infinite* Card (3.75% Return)
The TD Aeroplan Visa Infinite Card has a 50% bonus on gas purchases, meaning you'll earn 1.5 Aeroplan miles for every dollar you spend on the card.
This same bonus applies to the Privilege edition of this card, but the annual fee is much higher at $399.
American Express Cobalt Card (3.50% Return)
You'll earn 2 points for every $1 you spend on gas, travel, and transit. And with an incredible 5 points per $1 multiplier on groceries, bars, and restaurants – you'll be raking in points wherever you go.
With each point worth up to 1.75 cents when redeemed for flights using the Fixed Points Travel Program, you'll be getting up to a 3.50% return on your gas purchases.
Tangerine Money-Back Mastercard (2% Return)
The Tangerine Money-Back Mastercard allows YOU to choose up to 3 bonus spending categories where you can earn 2% cash back instead of the usual 0.5%. You're free to choose gas as one of your categories to boost it up to that 2% rate.
Another interesting feature of the card is that your bonus spending categories aren't locked in. You can change them as your spending habits change to make sure you're always maximizing your bonus cash.
And for a limited time, when you sign up by July 31, 2019, you can earn 4% cash back on your chosen categories for the first 3 months as well.
CIBC Aventura Visa (2.29% Return)
If you want one of the best no fee travel cards in Canada, the CIBC Aventura Visa can get you there.
With 1 point for every $1 spent on gas, groceries, and the drugstore, you could be on your next trip sooner than you think.
The best part? These points are worth more than double the usual 1 cent value when redeemed for high value flights...all for a no fee card.
And you get a nice kick start of up to 2,500 points if you spend $500 in the first 4 months.
CIBC Aventura Visa Infinite (3.4% Return)
Want a bit more rewards, and don't mind spending a little on an annual fee?
Check out the CIBC Aventura Visa Infinite, which will get you a higher return on your gas purchases – 1.5 points for every $1 spent on gas.
Both the Gold and Infinite versions of the card sport a $120 annual fee and the same rewards structure. The differences between them mostly lie in their fringe perks and income requirements.
CIBC Dividend Visa Infinite (4.00% Return)
Want an even better return? If you don't care too much about perks and insurance, the CIBC Dividend Visa Infinite can earn you more points on your gas purchases than its Aventura brother.
Earn 4% cash back on gas and groceries purchases (under $80,000 in annual card spending) – all for an annual fee of $99.
CIBC Dividend Platinum Visa Card (4.00% Return)
Looking for the same great earn rate, but don't meet the income requirements of a Visa Infinite card?
The CIBC Dividend Platinum Visa has the same earn rates as it's Visa Infinite counterpart, but loses the Visa Infinite perks.
Other than that, the cards are very similar.
Still not sure which gas credit card is best for you?
Seems like a lot to digest? We hear you – that's why we narrowed down some of the most important categories and the best cards for each.
I want the highest return possible
If you just want to make sure you're getting the most rewards out of your gas purchases, look no further than our #1 card.
The American Express Gold Rewards Card will get you 2 points per $1 spent on gas purchases, plus the same great rate on grocery, drugstore, and travel purchases too.
The best part? You can transfer your Membership Reward points to Aeroplan at a 1:1 ratio. And since we value an Aeroplan mile up to 2.5 cents, maximizing your miles while redeeming will give you an amazing return of 5% on gas purchases.
That's a whole 1% more return than the next leading card.
Want more? You'll get an easy welcome bonus of 25,000 points (worth $625) when you spend $1,500 on the card in the first 3 months…
No minimum income requirements, a reasonable annual fee of $150, and fantastic rewards. What more can you ask for?
I don't want to pay an annual fee
If you feel like you spend enough on gas already and don't want to add an annual credit card fee on top of that, we've got you covered with the Tangerine Money-Back Credit Card.
This unique little card lets you choose 2 categories to earn 2% cash back on. And, you guessed it, one of these categories is gas.
Plus if you have a Tangerine Savings Account, and deposit the rewards in there, you get to choose another category to earn this bonus rate on – bringing your total to 3, all for no annual fee.
Don't have a Tangerine bank account? No worries, you can apply right here – it's free.
I want travel rewards for my gas purchases
For an annual fee of $120 – which is waived for the first year – you'll earn 1.5 Aeroplan miles on every $1 spent on gas (and grocery, drugstore, and aircanada.com purchases). Though this is capped annually on the first $80,000 spent, that still gives you room for more than $2,000 in rewards.
You'll also be able to enjoy great Air Canada perks while travelling, plus an extensive suite of travel insurance.
I want cash back for my gas purchases
If cash back is more your cup of tea, the Scotia Momentum Visa Infinite will get you 4% cash back on all gas and grocery purchases – which, by the way, is the highest spending bonus of any cash back card.
Plus if you apply right now, you'll earn 10% cash back on all purchases for the first 3 months (up to $2,000 spent).
For a $99 annual fee, which is waived for the first year, you can get a lot with this card – no wonder it's our #1 cash back credit card for 2019.
I want flexible credit card rewards for my gas purchases
Can't decide if you'd rather cash back or travel rewards? Why not both!
The Scotiabank Gold American Express Card will get you 4 Scotia Rewards points on every $1 you spend on gas, plus the same great rate on grocery, restaurant, and entertainment purchases.
You can redeem these for any travel at 1 cent point value, or for statement credits (basically cash) at a 0.8 cent point value.
So, what credit card do you use to buy gas?
Personally, my go-to card for gas purchases is the American Express Gold Rewards Card so I can transfer my points to Aeroplan in the hopes of achieving a 6% return or more.
What about you? Which card will you use?