Whether or not you’re searching for money again, to rack up factors or just to seek out the very best grocery bank card in Canada, we’ve gathered the data you might want to maximize your spending. Take inventory of your buying habits, and prepare to money in on the rewards.
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The very best bank cards for grocery purchases in Canada
| Card | Greatest for | Particulars | Annual price |
|---|---|---|---|
| BMO CashBack Mastercard* | No price | • 3% money again on groceries, as much as $500 monthly • 1% on recurring payments; • 20.99% APR |
$0 |
| Scotia Momentum Visa Infinite* | Money again | • 4% money again on groceries • 4% money again on recurring invoice funds, 2% on gasoline, public transit, taxis and rideshares • 20.99% APR |
$120 (waived for the primary 12 months) |
| CIBC Dividend Visa Infinite | Groceries and gasoline (tie) | • 4% money again on groceries and gasoline • 2% on eating, day by day transit and recurring payments • 20.99% APR |
$120 (waived for the primary 12 months) |
| Meridian Visa Infinite Money Again Card | Groceries and gasoline (tie) | • 4% money again on groceries and gasoline • 2% money again on drug shops and recurring payments • 19.50% APR |
$99 (waived for the primary 12 months) |
| PC Monetary World Elite Mastercard* | Loblaw banner shops | • 30 PC factors per $1 at Loblaw banner grocery shops • 45 factors per $1 at Consumers Drug Mart, 30 factors per litre at Esso/Mobil; 30 factors per $1 at PC Journey • 20.97% APR |
$0 |
| American Categorical Cobalt* | Factors | • 5 factors per $1 on groceries • 5 factors per $1 on eating, meals supply and bars; 2 factors per $1 on transportation together with taxis, public transit and rideshares • 20.99% APR |
$155.88 ($12.99 month-to-month) |
Greatest no-fee bank card for groceries
BMO CashBack Mastercard*
In case you’re searching for the very best no-fee grocery bank card, look no additional. The three% money again on grocery purchases, no annual price, and strong earn charges in different classes have made this card is a standout within the class. Take into accout, although, that earnings are capped at $500 spent per assertion interval, so for those who spend greater than $500 monthly on groceries, you’ll need to think about one other card as a way to reap the total advantages.
Along with incomes money again on groceries, this card earns you 1% on recurring invoice funds and a limiteless 0.5% on different spending. You may select when to redeem money again, in increments as little as $1; you can too arrange automated recurring redemptions of $25 or extra.
- Annual price: $0
- Rate of interest: 20.99% on purchases, 22.99% on money advances (21.99% for residents of Quebec)
- Earn price on groceries: 3% money again on groceries, as much as $500 monthly
- Rewards on different purchases: 1% on recurring payments; 0.5% on all the things else
- Welcome bonus: You may earn 5% money again on all purchases for the primary 3 months as much as $2,500, together with as much as $500 spend on grocery, as much as $500 spend in recurring invoice funds, and as much as $1,500 certified spend on all different purchases. Get an introductory rate of interest of 0.99% on stability transfers for the primary 9 months. A 2% price applies to stability quantities transferred.
- Extra perks: Buy safety and prolonged guarantee; reductions at Avis and Nationwide Automotive Leases; low cost Cirque du Soleil performances; add approved cardholders at no cost
- Revenue required: None
Honourable point out: Tangerine Cash-Again Credit score Card*
Each cardholder is given a 2% return on spending in two classes of their alternative, of which groceries is one. (There are 10 classes in whole, together with drug retailer, gasoline, lodge and motel lodging, eating places, furnishings, recurring invoice funds, house enchancment, leisure, and public transportation and parking.) Plus, you possibly can earn 2% on a 3rd class of your alternative simply by having your rewards deposited into your Tangerine Financial savings Account.
Along with being a no-fee card, this can be a stand-out as a result of your cash-back earnings are limitless, which means that your common 2% earnings don’t have a cap. Whereas this card doesn’t supply an excessive amount of in the best way of perks, like the cardboard above, it presently has a sexy welcome supply.
- Annual price: $0
- Rate of interest: 19.95% on purchases, 19.95% on money advances, 19.95% on stability transfers
- Earn price on groceries: 2% money again
- Rewards on different purchases: 2% in as much as two different spending classes of your alternative and 0.5% money again on all the things else
- Welcome bonus: Earn 15% money again (as much as $150) while you spend $1,000 on on a regular basis purchases throughout the first two months of getting the cardboard. Switch your stability from one other bank card to obtain a low rate of interest of 1.95% for the primary six months (1% stability switch price applies). Should apply by December 29, 2022.
- Extra perks: Buy safety and prolonged guarantee
- Annual earnings required: Private or family earnings of $12,000
Greatest money again card for groceries
Everyone likes versatile rewards, and money is essentially the most versatile round. This card presents 4% money again on groceries and is a part of the Visa Infinite household, which implies cardholders obtain perks together with concierge service, and wine and eating experiences.
Scotia Momentum Visa Infinite*
You’ll earn a wholesome 4% on groceries, in addition to subscription providers like Netflix and recurring invoice funds, whereas transportation prices (together with Uber) and gasoline earn at 2% (as much as an annual whole spend of $25,000; after that the earn price drops to 1%). All different purchases earn at 1%, so for those who’re carrying this card you’ve obtained a number of money again to earn in a broad group of spending classes.
- Annual price: $120 (waived for first 12 months)
- Rate of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers
- Welcome bonus: Earn 10% money again on all eligible purchases for the primary three months (as much as $2,000). Pay no annual price for the primary 12 months. Provide ends April 30, 2023.
- Earn price on groceries: 4% money again
- Rewards on different purchases: 4% money again on recurring invoice funds, 2% on gasoline, public transit, taxis and rideshares, and 1% on all the things else
- Extra perks: Journey emergency medical protection, journey accident, journey cancellation, journey interruption, and flight delay insurance coverage, and delayed or misplaced baggage safety; automobile rental loss or harm insurance coverage; cell machine insurance coverage
- Annual earnings required: Private earnings of $60,000 or family earnings of $100,000
Greatest bank card for groceries and gasoline (tie)
On the subject of can’t-avoid-it bills, gasoline and groceries high the checklist. Our decide for the very best gasoline and grocery bank card in Canada was a draw, with every card boasting 4% money again on each filling your tank and your fridge, in addition to some fairly first rate earn charges in different classes and perks. Which card you select will actually depend upon the place you are likely to spend extra, and what perks are most helpful to you.