Canada’s finest bank cards for grocery purchases 2022

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Finest money again card for groceries

All people likes versatile rewards, and money is probably the most versatile round. This card gives 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 companies 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 fee drops to 1%). All different purchases earn at 1%, so should you’re carrying this card you’ve received a whole lot of money again to earn in a broad group of spending classes.

  • Annual payment: $120 (waived for first yr)
  • Rate of interest: Purchases 20.99%, money advances 22.99%, 22.99% on steadiness transfers
  • Welcome bonus: You’ll be able to earn 10% money again on all purchases for the primary 3 months (as much as $2,000); annual payment waived. Should apply by August 31, 2022.
  • Earn fee 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 every part 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 injury insurance coverage; cell machine insurance coverage
  • Earnings required: $60,000 or $100,000 as a family

Finest bank card for groceries and gasoline (tie)

Relating to can’t-avoid-it bills, gasoline and groceries high the listing. Our choose for the most effective 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 rely on the place you are likely to spend extra, and what perks are most helpful to you.

CIBC Dividend Visa Infinite

This bank card gives compelling earn charges on all varieties of meals purchases—with 4% money again on groceries and a pair of% on eating (together with take out and meals deliveries). And you’ll earn 4% on gasoline as properly serving to you earn on the pump whereas in your strategy to earn on the grocery retailer. Plus, save as much as $0.10 per litre at collaborating Chevron, Ultramar and Pioneer gasoline stations once you hyperlink your card with Journie Rewards.

  • Annual payment: $120 (rebated for the primary yr)
  • Rate of interest: Purchases 20.99%, money advances 22.99% (21.99% for Quebec residents)
  • Earn fee on groceries: 4% money again
  • Rewards on different purchases: 4% money again on gasoline; 2% on eating, every day transit and recurring payments; 1% on every part else
  • Welcome bonus: Get 10% money again for all purchases (as much as $200). After that, the earn fee turns into 4% on eligible gasoline and grocery purchases.
  • Extra perks: Emergency medical journey insurance coverage, cell machine insurance coverage, automotive rental loss and collision protection
  • Earnings required: $60,000 or $100,000 as a family

Meridian Visa Infinite Money Again Card

Meridian Visa Infinite

Except for 4% money again on groceries and gasoline—two extremely popular spending classes—the Meridian stays robust by providing 2% again on drug retailer purchases and recurring payments. The 1% common fee on every part else is fairly normal however the annual payment of $99 is pretty accessible (and it’s waived for the primary yr). The Meridian has some good included insurance coverage and carries the more and more fashionable cell machine protection. 

  • Annual payment: $99 (waived for first yr)
  • Rate of interest: Purchases 19.50%, money advances 21.99%
  • Earn fee on groceries: 4% money again
  • Rewards on different purchases: 4% money again on gasoline; 2% on drug shops and recurring payments; 1% on every part else
  • Welcome bonus: None
  • Extra perks: Emergency well being care, journey cancellation or interruption, and baggage insurance coverage; automotive rental loss or collision protection; cell machine insurance coverage
  • Earnings required: $60,000 or $100,000 as a family

Finest bank card for Loblaw banner grocery shops

PC Monetary World Elite Mastercard*

With about 2,500 shops working beneath the Loblaw firm banner, together with the economic system model No-Frills, the big-box Actual Canadian Superstore and the market-style Fortinos, it’s secure to say this can be a helpful card for a lot of Canadians. The PC Monetary World Elite Mastercard is the nation’s first no-fee elite-level card. Buyers who pay with this card will earn a whopping 30 PC Optimum factors per $1 on grocery purchases (equal to three.0%) at any Loblaw banner retailer and at PC Journey; 45 factors per $1 at Buyers Drug Mart; and 10 factors per $1 in every single place else. Fuel purchases at Esso and Mobil earn not less than 30 factors per litre, making this an all-around precious card for on a regular basis dwelling bills. PC Optimum factors are simply redeemed on the checkout counter beginning at 10,000 factors (which is the same as $10) and can be utilized on any merchandise in collaborating shops. 

A downside to this card is the $80,000 minimal annual revenue requirement (or $150,000 for the family), which can put it out of attain for some. Nevertheless, there are associated PC Monetary bank cards with barely decrease earn charges for many who can’t meet the edge. 

  • Annual payment: $0
  • Rate of interest: Purchases 20.97%, money advances 22.97% (21.97% for residents of Quebec)
  • Earn fee on groceries: 30 PC factors per $1 at Loblaw banner grocery shops (together with No Frills, Fortinos, and The Impartial Grocer)
  • Rewards on different purchases: 45 factors per $1 at Buyers Drug Mart, 30 factors per litre at Esso/Mobil; 30 factors per $1 at PC Journey; and 10 factors per $1 on every part else
  • Welcome bonus: Get 20,000 PC Optimum factors (a $20 worth).
  • Extra perks: Journey emergency medical insurance coverage; automotive rental loss or injury protection; concierge service; identification theft help service
  • Earnings required: $80,000 or $150,000 as a family

Finest factors playing cards for groceries

American Categorical Cobalt*

amex-cobalt-review

For individuals who wish to flip their grocery purchases into world journey, the American Categorical Cobalt is right here to assist. There are just a few standout components of this card, beginning with the distinctive cost construction that payments the annual payment in month-to-month installments of $12.99. Subsequent is the welcome bonus, encouraging new cardholders to spend by rewarding 2,500 factors once you make $500 in purchases every month for the primary yr. Should you hit that focus on each month, you’ll have a cool 30,000 factors accrued by the top of the yr. The earn fee on groceries in addition to eating out and meals supply companies is a really aggressive 5 factors per $1 (to a most spend of $30,000; thereafter, the earn is 1 level per $1); plus you get 2 factors per $1 on transportation. All the things else earns at a fee of 1 level per $1. 

As a result of this can be a travel-based card, it ought to come as no shock that there are some candy perks geared towards frequent flyers and drivers, like emergency medical protection and automotive rental theft and injury protection. Cardholders are additionally eligible for a credit score on facilities at collaborating resorts. 

It does bear mentioning that as a result of that is an American Categorical card, it’s not accepted at each retailer—however should you’re a client at Meals Fundamentals, Longo’s, McEwan, Metro, Pusateri’s, Rabba, Safeway, Sobeys or Entire Meals, you’re golden. Loblaw banner shops, together with No-Frills, don’t settle for Amex.

  • Annual payment: $155.88 ($12.99 month-to-month)
  • Rate of interest: Purchases 20.99%, money advances 21.99% 
  • Earn fee on groceries: 5 factors per $1
  • Rewards on different purchases: 5 factors per $1 on eating, meals supply and bars; 2 factors per $1 on transportation together with taxis, public transit and rideshares; and 1 level per $1 on every part else
  • Welcome bonus: Within the first yr, you’ll earn 2,500 factors once you spend $500 per thirty days on eligible purchases—incomes you as much as 30,000 factors.
  • Extra perks: Emergency journey medical protection, journey accident, flight and baggage delay, lodge or motel housebreaking and misplaced or stolen baggage insurance coverage; automotive rental theft and injury safety; lodge credit score as much as $100 USD on facilities like spa or eating at collaborating resorts; Amex Invitations and Entrance-of-the-Line Entry
  • Earnings required: None specified

Honourable point out: Scotiabank Gold American Categorical*

Scotiabank Gold American Express

Need to earn factors towards subsequent yr’s trip whilst you cowl this week’s grocery haul? Right here’s the way it works: For each level you earn, you get $0.01 redeemable towards journey, which is straightforward to determine and calculate. Simply consider it like a cash-back bank card with 1% earn fee towards journey financial savings. Plus, the welcome supply is fairly candy. Earn as much as 45,000 bonus Scotia Rewards factors your first yr, too—that’s about $450 in the direction of your subsequent journey. 

Whereas we’re evaluating the 2, it’s price noting that the American Categorical Cobalt has an edge on the Scotiabank Gold American Categorical card for the reason that former allows you to get 15% to 75% extra worth out of your factors by means of Amex’s fastened factors journey chart or by transferring factors to lodge loyalty applications. Neither can be found with the Scotiabank Gold. That stated, the Scotiabank Gold American Categorical remains to be an excellent card. Plus, the Scotiabank Gold American Categorical has some nice perks that the Cobalt doesn’t, like no international transaction charges and extra factors on leisure and streaming companies.  

  • Annual payment: $120
  • Rate of interest: Purchases 19.99%, money advances 22.99%, steadiness transfers 22.99% 
  • Earn fee on groceries: 5 factors per $1 on groceries
  • Rewards on different purchases: 5 factors per $1 on eating and leisure purchases; 3 factors per $1 on gasoline, transit and rideshare costs, in addition to streaming companies; 1 level per $1 on every part else
  • Welcome bonus: You’ll be able to earn a complete of 40,000 bonus Scene+ factors ($400 worth). First, you’ll earn 20,000 by spending $1,000 on on a regular basis purchases in your first 3 months then earn one other 20,000 factors once you spend not less than $7,500 in on a regular basis purchases in your first yr. Should apply by October 31, 2022.
  • Extra perks: As an Amex cardholder, you get entry to its Entrance of the Line Presale & Reserved program, together with invitations for leisure ticket pre-sales and superior film screenings and extra.
  • Earnings required: $12,000

Frequent requested questions on grocery bank cards in Canada

Which grocery shops settle for AMEX in Canada?

As we famous above, the American Categorical Cobalt and Scotiabank Gold American Categorical supply probably the most bonus factors on this bank card listing, however they simply aren’t as extensively accepted in any respect grocery shops as we’d like, like No Frills and Costco. That stated, listed below are the foremost grocery shops that each settle for American Categorical and allow you to earn bonus factors for grocery purchases. Be aware: It’s attainable that some franchise areas don’t take part in bonus gives.

  • 88 Grocery store
  • Bownesian Grocer
  • Farm Boy
  • Federated Co-op
  • Longo’s
  • Metro
  • Safeway
  • Sobeys
  • Rabba
  • Pusateri’s Superb Meals
  • Entire Meals
  • Instacart

Is Walmart a grocery retailer with regards to bank cards?

Walmart could also be synonymous with groceries for you, however not all bank cards acknowledge Walmart as a “grocery retailer.” Whereas American Categorical and Visa are accepted at Walmart, neither bank card firm categorizes Walmart on their service provider code system as a grocery retailer. As an example, whereas the TD CashBack Visa Infinite earns 3% money again on groceries, it earns simply the bottom 1% money again fee at Walmart.

In case you are a Walmart Supercentre frequent shopper, know that Mastercard does, nevertheless, acknowledge a number of Walmart Supercentre areas for grocery purchases, however not all. You’ll have to verify with Mastercard to search out out if the Walmart Supercentre close to you qualifies. One of the best bank cards to make use of for groceries at Walmart Supercentres embody the BMO CashBack Mastercard and Tangerine MoneyBack Card.

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