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Canada’s finest bank cards for grocery purchases 2022


Whether or not you’re searching for money again, to rack up factors or just to search out the very best grocery bank card in Canada, we’ve gathered the knowledge it is advisable to maximize your spending. Take inventory of your purchasing habits, and prepare to money in on the rewards.

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The perfect bank cards for grocery purchases in Canada

Card Greatest for Particulars Annual charge
BMO CashBack Mastercard* No charge • 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 fuel, public transit, taxis and rideshares
• 20.99% APR
$120 (waived for the primary 12 months)
CIBC Dividend Visa Infinite Groceries and fuel (tie) • 4% money again on groceries and fuel
• 2% on eating, every day transit and recurring payments
• 20.99% APR
$120 (waived for the primary 12 months)
Meridian Visa Infinite Money Again Card Groceries and fuel (tie) • 4% money again on groceries and fuel
• 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 Customers 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*

BMO-Cash-Back-Mastercard

Should you’re searching for the very best no-fee grocery bank card, look no additional. The three% money again on grocery purchases, no annual charge, 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 in the event you spend greater than $500 monthly on groceries, you’ll need to take into account one other card as a way to reap the complete advantages.

Along with incomes money again on groceries, this card earns you 1% on recurring invoice funds and an infinite 0.5% on different spending. You may select when to redeem money again, in increments as little as $1; it’s also possible to arrange computerized recurring redemptions of $25 or extra.

  • Annual charge: $0
  • Rate of interest: 20.99% on purchases, 22.99% on money advances (21.99% for residents of Quebec)
  • Earn fee on groceries: 3% money again on groceries, as much as $500 monthly
  • Rewards on different purchases: 1% on recurring payments; 0.5% on the whole lot 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% charge applies to stability quantities transferred.
  • Extra perks: Buy safety and prolonged guarantee; reductions at Avis and Nationwide Automobile Leases; low cost Cirque du Soleil performances; add licensed cardholders at no cost
  • Earnings 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 selection, of which groceries is one. (There are 10 classes in complete, together with drug retailer, fuel, lodge and motel lodging, eating places, furnishings, recurring invoice funds, dwelling enchancment, leisure, and public transportation and parking.) Plus, you possibly can earn 2% on a 3rd class of your selection 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, that means that your common 2% earnings don’t have a cap. Whereas this card doesn’t provide an excessive amount of in the way in which of perks, like the cardboard above, it presently has a sexy welcome provide.

  • Annual charge: $0
  • Rate of interest: 19.95% on purchases, 19.95% on money advances, 19.95% on stability transfers
  • Earn fee on groceries: 2% money again
  • Rewards on different purchases: 2% in as much as two different spending classes of your selection and 0.5% money again on the whole lot else
  • Welcome bonus: Earn 15% money again (as much as $150) once 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 charge applies). Should apply by November 18, 2022.
  • Extra perks: Buy safety and prolonged guarantee
  • Annual revenue required: Private or family revenue of $12,000

Greatest money again card for groceries

Everyone likes versatile rewards, and money is probably the most versatile round. This card presents 4% money again on groceries and is a part of the Visa Infinite household, which suggests 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 fuel earn at 2% (as much as an annual complete spend of $25,000; after that the earn fee drops to 1%). All different purchases earn at 1%, so in the event you’re carrying this card you’ve acquired numerous money again to earn in a broad group of spending classes.

  • Annual charge: $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 charge for the primary 12 months. Supply ends April 30, 2023.
  • Earn fee on groceries: 4% money again
  • Rewards on different purchases: 4% money again on recurring invoice funds, 2% on fuel, public transit, taxis and rideshares, and 1% on the whole lot else
  • Extra perks: Journey emergency medical protection, journey accident, journey cancellation, journey interruption, and flight delay insurance coverage, and delayed or misplaced baggage safety; automotive rental loss or harm insurance coverage; cellular machine insurance coverage
  • Annual revenue required: Private revenue of $60,000 or family revenue of $100,000

Greatest bank card for groceries and fuel (tie)

On the subject of can’t-avoid-it bills, fuel and groceries high the record. Our choose for the very best fuel 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 respectable earn charges in different classes and perks. Which card you select will actually rely on the place you are inclined to spend extra, and what perks are most helpful to you.

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