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Top Credit Cards for Purchasing Gas (updated January 31, 2022)

I cannot believe that it has been almost 7 years since I last updated this post. There is no question that this post can use an update, especially considering how much gas prices have gone up over the last 12 months in Canada.

The better strategy is still to purchase gas using a credit card to meet minimum spend requirements for new promotional sign up bonuses. Since we might not spend enough on gas to meet spend requirements, the other strategy would be to buy gas gift cards ahead of time (to meet minimum spend requirements), to be used at a later date.

However, today’s post is focused on the top day-to-day credit cards to use on gas spending, ranked by annual fees (lowest first). Only credit cards that offer at least a 4% or equivalent return specifically on gas purchases will be listed. That being said, you will notice that all of the cards below still have a limit on spending to attain higher than a 4% return.

MBNA Smart Cash Platinum Plus MasterCard

  • No annual fee
  • Earn 5% cash back on gas purchases (for the first 6 months or up to $150 cash back whichever comes first, then earn 2% cash back for every $1 spent up to a maximum of $500 in monthly spending, then earn 1% cash back for every $1 thereafter)

Meridian Visa Infinite Cash Back Card

  • $99 annual fee (first year fee waived)
  • $30 annual fee for supplementary cardholders
  • Earn 4% cash back on gas purchases (on the first $25,000 in annual spending, combined with grocery purchases, then earn 1% for every $1 spent thereafter)

American Express AIR MILES Platinum Credit Card

  • $120 annual fee
  • Earn 1 mile for $5 spent on gas purchases (on the first $30,000 in annual spending, combined with food, drinks and transit, then earn 1 mile for every $10 spent thereafter)

BMO eclipse Visa Infinite Card

  • $120 annual fee (first year fee waived) (apply before December 6, 2022)
  • Earn 5 points for every $1 spent on gas purchases (on the first $50,000 in annual spending, combined with groceries, dining in and out and transit purchases, then earn 1 point for every $1 spent thereafter)

CIBC Dividend Visa Infinite Card

  • $120 annual fee for first time cardholders (first year fee waived)
  • $30 annual fee for a supplementary cardholder (maximum 3 cards)
  • Earn 4% cash back on gas purchases (on the first $20,000 in annual spending, then earn 1% for every $1 spent thereafter)

Scotiabank American Express Platinum

  • $399 annual fee
  • $99 for supplementary cardholders
  • Earn 4 Scene+ points for every $1 spent at gas stations (on the first $100,000 in annual spending, combined with grocery stores, dining and entertainment purchases, then earn 1 point for every $1 spent thereafter)

BMO eclipse Visa Infinite Privilege Card

  • $499 annual fee
  • Earn 5 points for every $1 spent on gas purchases (on the first $100,000 in annual spending, combined with  groceries, dining in and out, drugstore purchases, and travel purchases, then earn 1 point for every $1 spent thereafter)

Did I miss any credit cards? Please let us know in the comment section below! 

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Pointshogger aims to provide analysis and updates on earning loyalty reward points and maximizing the value of your points. We hope to inspire our readers to experience the joy of travel and make the most out of what they've already got!

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