Best Grocery and Gas Credit Cards to Cut Your Everyday Costs

Groceries and fuel are the two bills that never take a month off. A card that pays back more on both can offset a real part of your monthly costs.

We compared three grocery and gas credit cards in Canada, using only the rates each issuer publishes on its official page.

Key takeaways

• Grocery rewards run from 4% at most grocery stores to 1% inside the Costco warehouse. Where you shop decides the winner.
• Two of the three cards charge a $120 annual fee, waived in the first year.
• Purchase rates run from 20.99% to 21.99%, so paying in full every month matters more than the reward rate.
• Income minimums differ widely: from $15,000 to $80,000 personal income.

Grocery and gas cards at a glance

Rates and offers as of September 2026, from each issuer’s official page. Interest rates are in each card’s section below.

1. Scotia Momentum Visa Infinite+

The broadest grocery reward in this list. It pays 4% at grocery stores in general, not at one chain.

At a glance

• Rewards: 4% cash back on groceries and recurring bill payments; 2% on gas, EV charging, transit, rideshare and food delivery; 1% on everything else. Each accelerated rate applies up to $25,000 in annual spending.
• Cost: $120 annual fee, waived for the first year on cards issued between July 2 and November 1, 2026. Purchase rate 20.99%; cash advance rate 22.99%.
• Welcome offer: 15% cash back on all purchases for the first 3 months, on up to $2,000 in purchases.
• Extras: up to 7¢/L in value at Shell stations with a linked card, and a 0% introductory rate on balance transfers for 12 months (2% fee).
• Income: Scotiabank lists income or asset minimums starting at $60,000 personal income.

Pros and cons

• 4% works at most grocery stores, so you can shop wherever prices are best.
• Recurring bills like phone and insurance also earn 4%.
• The $120 annual fee returns from year two.
• Merchant categories are set by the Visa network, so some big-box stores may not code as grocery.

How to apply

Apply online or in a branch. You’ll answer questions about your job, income and address. Check that your spending in the 4% and 2% categories covers the fee before year two.

2. PC Insiders World Elite Mastercard

A loyalty card for households that already shop the Loblaw family of stores. The rewards come as PC Optimum points.

At a glance

• Rewards: 4% back in points at Loblaw-banner grocery stores, plus 2% more on eligible pickup orders; 5% at Shoppers Drug Mart and Pharmaprix; up to 7¢/L in points at Esso and Mobil; 1% everywhere else.
• Cost: $120 annual fee, waived in the first year. Purchase rate 21.99%; cash advance rate 22.97% (21.97% in Quebec).
• Delivery perk: a PC Express Pass (valued at $99.99 a year) for $0 grocery delivery and pickup on eligible orders of $30 or more.
• Income: $80,000 personal or $150,000 household.

Pros and cons

• Strong stacked value if you buy groceries, pharmacy items and fuel inside one ecosystem.
• PC Financial lets you redeem points toward the annual fee.
• The 4% only applies at Loblaw-banner stores, not at every grocer.
• Highest income requirement in this list.

How to apply

Apply on the PC Financial site with your PC Optimum account details. If you pay for a PC Optimum Insiders subscription, it is cancelled and the unused part is refunded when the card is approved.

3. CIBC Costco Mastercard

The only $0 annual fee card of the three. It is built for Costco members who also fill up at Costco gas bars.

At a glance

• Rewards: 3% cash back at restaurants and Costco gas; 2% at other gas stations, EV charging and Costco.ca; 1% on everything else, including in-warehouse Costco purchases.
• Cost: $0 annual fee. Purchase rate 21.75%; cash advance rate 22.49% (from CIBC’s summary of rates and fees).
• Who qualifies: Costco members with a minimum annual income of $15,000.

Pros and cons

• $0 annual fee and the lowest income requirement here.
• Strong on fuel, whether at Costco or elsewhere.
• Only 1% on groceries bought in the warehouse.
• You need a paid Costco membership.

How to apply

Apply through CIBC with your Costco membership number. Keep the membership active, since the card is exclusive to members.

How to choose

• Choose the Scotia Momentum Visa Infinite+ if you shop at different grocery stores and have recurring bills to put on a card.
• Choose the PC Insiders World Elite if most of your groceries, pharmacy and fuel already go through Loblaw stores, Shoppers and Esso or Mobil.
• Choose the CIBC Costco Mastercard if you are a Costco member and want a $0 annual fee card that pays well on gas.

Do the math before paying a fee

A $120 fee needs about $3,000 a year of 4% grocery spending just to break even. Our list of budgeting apps that help tariff-proof your finances can show where your money actually goes. If you often carry a balance, a low-interest or balance transfer card will save more than any reward rate.

Grocery card checklist

• Add up 3 months of grocery and fuel receipts.
• Check which stores you use most, and which card family they belong to.
• Compare the yearly reward with the annual fee after year one.
• Set automatic payment of the full statement balance.
• Review your categories once a year.

Paying in full matters because federally regulated financial institutions must give you at least 21 days interest-free on new purchases, but not on cash advances or balance transfers, according to the Financial Consumer Agency of Canada. A new card also adds an inquiry to your file; see how to check your credit score in Canada for free. If travel is your other big expense, compare our travel credit cards for points and insurance.

How we compared these cards

• Sources: only each issuer’s official product page or rate summary. Every offer was checked on September 23, 2026.
• Criteria: grocery and gas reward rates, caps, annual fee, purchase interest rate, income requirement and welcome offer.
• Order: listed from the best fit for most households down, based on how widely the grocery reward applies.
• Left out: the Walmart Rewards World Mastercard. Its official page could not be loaded for verification on the check date, so we did not publish its numbers.
• Independence: no issuer paid for placement.

FAQ

Which credit card gives the most cash back on groceries in Canada?

Among the cards we checked, the Scotia Momentum Visa Infinite+ pays 4% at grocery stores in general, and the PC Insiders World Elite pays 4% back in points at Loblaw-banner stores. Your store mix decides which earns more.

Is a $120 annual fee worth it for groceries?

Only if you spend enough in the bonus categories. At 4%, about $3,000 a year of grocery spending covers the fee. Both $120 cards waive it in year one.

Does Costco count as a grocery store for rewards?

It depends on the card. The CIBC Costco Mastercard pays 1% on in-warehouse Costco purchases. On other cards, Costco’s merchant category may not code as grocery.

Can I use more than one card for groceries and gas?

Yes. Some households use one card for groceries and another for fuel. Just make sure you can pay every card in full each month.

Do these cards have a grace period on purchases?

Yes. Federally regulated issuers must give at least 21 days interest-free on new purchases when you pay the full balance. Cash advances and balance transfers are charged interest right away.

For the full picture, see our hub Best Credit Cards in Canada 2026, the best credit cards in Canada for 2026 and the best $0 annual fee cash back cards in Canada.

Sources

• Scotia Momentum Visa Infinite+ Card — official page
• PC Insiders World Elite Mastercard — official page
• CIBC Costco Mastercard — official page
• CIBC Costco Mastercard — summary of interest rates and fees
• FCAC — How credit cards work

Ieveera SEO is an independent publisher, not a bank or financial advisor; content is for information only and may include paid affiliate links that never affect our rankings — always confirm current rates and terms with the provider. Rates shown in CAD; verify with the issuer.