These credit cards earn the most cashback on gas in Canada

Driving in Canada isn’t getting any cheaper. With gas prices continuing to rise, fueling up has become one of the hardest-hitting expenses on the household budget. And while cutting back on your daily commute isn’t always an option, changing how you pay for your fuel—and how you get rewarded for it—is. 

Upgrading your wallet with a high-yield cash back credit card can turn regular trips to the pump into regular savings. Here, we compare the best gas credit cards in Canada and how they square up against complex points programs.

Gas loyalty programs vs. cold, hard cashback

Have a gas station you’re loyal to? You’re not alone. Many Canadians lean heavily on loyalty programs to offset their costs, committing to an average of 12 loyalty programs according to a study by Bond Brand Loyalty.

When it comes to gas rewards, here’s how the major Canadian programs stack up:

• Petro-Points: Earn points on fuel and convenience store items at Petro-Canada.
• Scene+ Points: Earn points on fuel and convenience items at Shell stations.
• Journie Rewards: Earn discounts and points across Pioneer, Ultramar, and Chevron stations.

While these loyalty programs are great on paper, driving out of your way to find a specific station just to save two cents a litre can cost you more in time, effort, and idling fuel than it saves.

Research shows that 66% of Canadians will change where they shop to maximize loyalty points they’re earning, but ironically, $16 billion worth of rewards points sit completely unredeemed across Canada. Strict loyalty structures entail driving to specific stations and racking up points that can depreciate in value before you ever use them.

If you’re after flexibility and convenience, consider a cashback credit card that rewards your fuel top-ups with value you can use anywhere.

Comparing the best gas cashback cards in Canada

Many gas cashback cards in Canada also reward grocery purchases, making them a solid choice for getting more out of your essential spends. Here are some of Canada’s top cashback credit cards for gas (and groceries) at a glance:

Looking to bypass annual fees completely while maximizing your route? Read our guide on the best no-fee credit card in Canada for gas cashback.

The Top Contender: Neo World Elite® Mastercard - Gas & Grocery

The Neo World Elite Mastercard - Gas & Grocery keeps things straightforward by rewarding your most frequent household expenses. You get simple, automatic cash back on your regular essential spending without dealing with complicated rewards programs.

Here’s a closer look at the card’s reward structure:

• 3%¹ cashback on gas & EV charging up to $1,000 spend per month (1% thereafter)
• 5% cashback on groceries up to $1,000 spend per month (1% thereafter)
• 4%² cashback on recurring bill payments up to $500 spend per month (1% thereafter)
• 1% unlimited cashback on all other purchases
• Instant redemption with zero arbitrary payout delays

This Neo cashback credit card unites your major expenses under one powerhouse card, rewarding you across three core areas: gas, groceries, and recurring bills. When you look at the math, a $1,000 monthly spend cap gives you up to $12,000 of spending room for each category, every single year. Plus, you get 1% cashback—with no spend cap—on all other purchases that do not fall within those three categories. 

Need a zero-fee entry point? The Neo World Mastercard® delivers impressive cashback at no annual fee: 2%³ earn rates on gas, groceries, and recurring bills. 

Neo World Elite Mastercard vs. Scotiabank, CIBC, BMO and TD

While traditional banks may have lower annual fees, those minor savings usually come at a cost to your monthly earning potential. Here is how the competition restricts your rewards compared to Neo’s high-cap, high-yield structure.

Scotiabank Momentum Infinite Visa

• The rate: 4% on groceries and recurring payments, 2% on gas.
• The catch: While the slightly lower annual fee is appealing, it means accepting a lower 2% earn rate on your fuel runs. Unlike Neo's instant rewards, you'll need to accumulate a minimum of $25 before you can cash out your earnings.

CIBC Dividend Visa Infinite

• The rate: 4% on gas and groceries.
• The catch: Your 4% earn rate with this CIBC cashback credit card is bound by a strict $20,000 annual limit that includes your gas, grocery, and transit spending. If you charge more than $20,000 on these categories, your earnings drop to 1% for the rest of the year. Plus, unlocking your maximum pump discount requires linking your card directly to Journie Rewards.

BMO CashBack World Elite Mastercard

• The rate: 3% on gas and 5% on groceries.
• The catch: A 3% gas rate capped at a $300 monthly spend equates to a maximum of $9 money back with this BMO cashback credit card. Any spending past that monthly cap reverts to the card's 1% base rate. In comparison, the Neo World Elite Mastercard - Gas & Grocery card has a monthly spend cap of $1,000 per category. 

TD Cash Back Visa Infinite

• The rate: 3% on gas and groceries.
• The catch: Despite an impressive annual spend cap of up to $15,000 per category, the TD cashback credit card earns 2% less on groceries.

Fuel up, earn more

Stop chasing micro-discounts and upgrading your wallet with a card that delivers compounding rewards on your biggest expenses. 

With the Neo World Elite Mastercard - Gas & Grocery, you don’t have to jump through hoops to save money. It gives you great cash back rates on the things you already buy every week, and lets you use that cash to offset your bills right away. Get started with the Neo World Elite Mastercard - Gas & Grocery.

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Disclaimers:

Mastercard, World Mastercard, World Elite, and the circles design are registered trademarks of Mastercard International Incorporated.

The Neo Mastercard, Neo World Mastercard®, Neo World Elite® Mastercard and Neo Money™ card are issued by Neo Financial™ pursuant to license by Mastercard International Incorporated.

Cashback earn subject to monthly spend limit. When the monthly spend limit is reached, subsequent spending earns 1% with the Neo World Elite® Mastercard and 0.5% with the Neo World Mastercard®. Spend limit resets monthly.

¹ Cashback earned on gas & electric vehicle charging and groceries is subject to a monthly spend limit of $1,000 per category with the Neo World Elite® Mastercard and the Neo World Mastercard®. Cashback is earned on the MCC categories, which can be found here. When monthly spend limit is reached, subsequent spending in these categories earns 1% with the Neo World Elite® Mastercard, 0.5% with the Neo World Mastercard®, and 0% with the Neo Mastercard. Spend limit resets monthly. Any refunds, rebates, or similar credits will reduce or cancel the cashback earned on the original eligible purchase. Purchases on Amazon and wholesale are not eligible for retail shopping cashback.

² Cashback earned on recurring payments subject to $500 monthly spend limit. Cashback is earned on the MCC categories, which can be found here. When monthly spend limit is reached, earn rate for recurring payments decreases to 1% for Neo World Elite Mastercard and 0.5% for Neo World Mastercard. Spend limit resets monthly. Any refunds, rebates or similar credits will reduce or cancel the cashback earned on the original recurring or one time payment. See the Neo Rewards™ Policy for details on earning cashback and other terms and conditions that apply.

³ Cashback earn subject to monthly spend limit. When the monthly spend limit is reached, subsequent spending earns 0.5%. Spend limit resets monthly.