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The most effective bank cards for grocery purchases in Canada
Everyone must put meals on the desk, so that you would possibly as effectively earn rewards whereas doing so. Many Canadians are rewards to curb the results of grocery costs and rising inflation. The truth is 44% of Canadians surveyed by American Categorical Canada use their bank card rewards on groceries. And, Gen Zs have been the most important age group to make use of bank card rewards on on a regular basis bills, particularly groceries (57%).
Whether or not you’re a Gen Z or not, on the lookout 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 you might want to maximize your spending. Take inventory of your buying habits, and prepare to money in on the rewards.
Greatest money again card for groceries
Scotia Momentum Visa Infinite*
Everyone likes versatile rewards, and money is essentially the most versatile round. This card provides 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. 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 charge drops to 1%). All different purchases earn at 1%, so if you happen to’re carrying this card you’ve acquired lots of money again to earn in a broad group of spending classes.
- Annual payment: $120
- Welcome bonus: earn 10% money again on all purchases for the primary 3 months (as much as $2,000 in whole purchases). No annual payment within the first 12 months, together with on further playing cards. Supply ends October 31, 2024.
- Earn charges: 4% again on groceries and recurring invoice funds, 2% on gasoline, public transit, taxis and rideshares, and 1% on the whole lot else
- Further 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 requirement: Private earnings of $60,000 or family earnings of $100,000
- Advisable credit score rating for approval: 660 or larger
- Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers
Greatest no-fee money again bank card for groceries
BMO CashBack Mastercard*
Should you’re on the lookout for the very best no-fee money again grocery bank card, look no additional. The three% money again on grocery purchases, no annual payment, and strong earn charges in different classes have made this card is a standout within the class. Take note, although, that earnings are capped at $500 spent per assertion interval, so if you happen to spend greater than $500 per 30 days on groceries, you’ll need to contemplate one other card with the intention to reap the complete advantages.
Along with incomes money again on groceries, this card earns you 1% on recurring invoice funds and a vast 0.5% on different spending. You possibly can select when to redeem money again, in increments as little as $1; you may as well arrange computerized recurring redemptions of $25 or extra.
- Annual payment: $0
- Earn charges: 3% money again on groceries (on the primary $500 per 30 days), 1% on recurring payments; 0.5% on the whole lot else
- Welcome bonus: earn as much as 5% money again in your first 3 months. Circumstances apply.
- Further perks: Buy safety and prolonged guarantee; reductions at Avis and Nationwide Automobile Leases; low cost Cirque du Soleil performances; add approved cardholders at no cost
- Annual earnings requirement: None
- Advisable credit score rating for approval: 660 or larger
- Rates of interest: 20.99% on purchases, 22.99% on money advances, (21.99% for residents of Quebec), 22.99% on stability transfers
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 whole, together with drug retailer, gasoline, resort 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, it is 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 supply an excessive amount of in the best way of perks, like the cardboard above, it at the moment has a lovely welcome supply.
- Annual payment: $0
- Earn charges: 2% in two different spending classes of your selection, together with groceries, and 0.5% money again on the whole lot else
- Welcome bonus: earn an additional 10% again on as much as $1,000 in on a regular basis purchases throughout the first 2 months. Should apply by January 31, 2024.
- Further perks: Buy safety and prolonged guarantee
- Annual earnings requirement: Private or family earnings of $12,000
- Advisable credit score rating for approval: 660 or larger
- Rates of interest: 19.95% on purchases, 19.95% on money advances, 19.95% on stability transfers
Greatest bank card for groceries and gasoline (tie)
In relation to 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 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.
CIBC Dividend Visa Infinite
This bank card provides compelling earn charges on all sorts 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 effectively serving to you earn on the pump whereas in your approach to earn on the grocery retailer. Plus, save as much as $0.10 per litre at taking part Chevron, Ultramar and Pioneer gasoline stations once you hyperlink your card with Journie Rewards.
- Annual payment: $120
- Earn charges: 4% money again on groceries and gasoline; 2% on eating, every day transit and recurring payments; 1% on the whole lot else
- Welcome bonus: earn 10% money again welcome bonus of as much as $200 (first 4 statements). Supply not obtainable to QC residents. Phrases and circumstances apply.
- Further perks: Emergency medical journey insurance coverage, cell machine insurance coverage, automobile rental loss and collision protection
- Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000
- Advisable credit score rating for approval: 725 or larger
- Rates of interest: 20.99% on purchases, 22.99% on money advances (21.99% for Quebec residents), 22.99% on stability transfers
Meridian Visa Infinite Money Again Card
Other than 4% money again on groceries and gasoline—two very fashionable spending classes—the Meridian stays sturdy by providing 2% again on drug retailer purchases and recurring payments. The 1% common charge on the whole lot else is fairly normal however the annual payment of $99 is pretty accessible (and it’s waived for the primary 12 months). The Meridian has some good included insurance coverage and carries the more and more common cell machine protection.
- Annual payment: $
- Earn charges: 4% money again on groceries and gasoline; 2% on drug shops and recurring payments; 1% on the whole lot else
- Welcome bonus: This card doesn’t have a welcome bonus at the moment.
- Further perks: Emergency well being care, journey cancellation or interruption, and baggage insurance coverage; automobile rental loss or collision protection; cell machine insurance coverage
- Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000
- Advisable credit score rating for approval: 725 or larger
- Rates of interest: % on purchases, % on money advances, % on stability transfers
Greatest 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 financial system model No-Frills, the big-box Actual Canadian Superstore and the market-style Fortinos, it’s protected to say it is a helpful card for a lot of Canadians. The PC Monetary World Elite Mastercard is the nation’s first no-fee elite-level card. Customers 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 Customers Drug Mart; and 10 factors per $1 in every single place else. Fuel purchases at Esso and Mobil earn at the very least 30 factors per litre, making this an all-around beneficial card for on a regular basis residing 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 taking part shops.
A disadvantage to this card is the $80,000 minimal annual earnings requirement (or $150,000 for the family), which can put it out of attain for some. Nonetheless, there are associated PC Monetary bank cards with barely decrease earn charges for individuals who can’t meet the brink.
- Annual payment: $0
- Earn charges: 45 PC Optimum factors per $1 at Customers Drug Mart; 30 factors per $1 at Loblaw banner grocery shops (together with No Frills, Fortinos, and The Impartial Grocer), and 10 factors per $1 on the whole lot else
- Welcome bonus: earn 20,000 PC Optimum factors ($20 worth).
- Further perks: Journey emergency medical insurance coverage; automobile rental loss or harm protection; concierge service; id theft help service
- Annual earnings requirement: Private earnings of $80,000 or family earnings of $150,000
- Advisable credit score rating for approval: 560 or larger
- Rates of interest: 21.99% on purchases, 22.97% on money advances (21.97% for residents of Quebec), 22.97% on stability transfers
Greatest factors playing cards for groceries
American Categorical Cobalt*
For individuals who need to flip their grocery purchases into world journey, the American Categorical Cobalt is right here to assist. There are a couple of standout parts of this card, beginning with the distinctive fee construction that payments the annual payment in month-to-month installments of $12.99. The earn charge on groceries in addition to eating out and meals supply providers is a really aggressive 5 factors per $1 (to a most spend of $30,000; thereafter, the earn is 1 level per $1); 3 factors per $1 for streaming providers, plus you get 2 factors per $1 on transportation. Every thing else earns at a charge of 1 level per $1.
As a result of it is 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 automobile rental theft and harm protection. Cardholders are additionally eligible for a credit score on facilities at taking part motels.
It does bear mentioning that as a result of that is an American Categorical card, it’s not accepted at each retailer—however if you happen to’re a consumer at Meals Fundamentals, Longo’s, McEwan, Metro, Pusateri’s, Rabba, Safeway, Sobeys or Complete Meals, you’re golden. Loblaw banner shops, together with No-Frills, don’t settle for Amex.
- Annual payment: $156
- Earn charge on groceries: 5 factors per $1 (to a month-to-month most of $2,500 after which level, earn 1 level per $1)
- Rewards on different purchases: 5 factors per $1 spent on eating out and groceries (most spend applies); 3 factors per $1 on streaming providers; 2 factors per $1 spent on transit, gasoline and experience shares; 1 level per $1 spent on resort and automobile leases booked by the American Categorical Journey On-line portal and 1 level per $1 on all different purchases
- Welcome bonus: earn 1,250 factors for every month you spend $750, as much as a most of 15,000 factors.
- Further perks: Emergency journey medical protection, journey accident, flight and baggage delay, resort or motel housebreaking and misplaced or stolen baggage insurance coverage; automobile rental theft and harm safety; resort credit score as much as $100 USD on facilities like spa or eating at taking part motels; Amex Invitations and Entrance-of-the-Line Entry
- Annual earnings requirement: None
- Advisable credit score rating for approval: 660 or larger
- Rates of interest: 20.99% on purchases, 21.99% on money advances
Honourable point out: Scotiabank Gold American Categorical*
Wish to earn factors towards subsequent 12 months’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 simple to determine and calculate. Simply consider it like a cash-back bank card with 1% earn charge towards journey financial savings.
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 because the former enables you to get 15% to 75% extra worth out of your factors by Amex’s fastened factors journey chart or by transferring factors to resort loyalty packages. Neither can be found with the Scotiabank Gold. That mentioned, the Scotiabank Gold American Categorical continues to be an incredible card. Plus, the Scotiabank Gold American Categorical has some nice perks that the Cobalt doesn’t, like no overseas transaction charges and extra factors on leisure and streaming providers.
- Annual payment: $120
- Earn charges: 6 Scene+ per $1 spent at shops beneath the Sobeys umbrella and 5 factors per $1 at different eligible grocery shops; 5 factors on eating, meals supply and meals subscriptions; 5 factors per $1 on leisure, films and theatre tickers; 3 factors per $1 on gasoline, transit and rideshare expenses, in addition to streaming providers; 1 level per $1 on the whole lot else.
- Welcome bonus: earn as much as $650 in worth within the first 12 months, together with as much as 40,000 bonus Scene+ factors. Should apply by July 1, 2024.
- Further 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.
- Annual earnings requirement: Private or family earnings of $12,000
- Advisable credit score rating for approval: 660 or larger
- Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers
Our methodology: How we decide the very best playing cards
The MoneySense editorial crew selects the very best bank cards by assessing the worth they supply to Canadians throughout numerous classes. Our greatest grocery bank cards rating is predicated on an in depth checklist of card particulars and options, together with annual charges, rates of interest, welcome provides, rewards earn charges and redemption choices and annual earnings necessities. Our rankings are an unbiased supply of knowledge for Canadians. The addition of hyperlinks from affiliate companions has no bearing on the outcomes. Learn extra about how MoneySense makes cash.
Ceaselessly requested questions
The foremost grocery shops that settle for American Categorical and allow you to earn bonus factors for grocery purchases embody: 88 Grocery store, Bownesian Grocer, Farm Boy, Federated Co-op, Longo’s, Metro, Safeway, Sobeys, Rabba, Pusateri’s Nice Meals, Complete Meals and Instacart.
The American Categorical Cobalt and Scotiabank Gold American Categorical* supply essentially the most bonus factors for grocery purchases on our checklist, however they aren’t as extensively accepted as another playing cards. For instance, they aren’t accepted at No Frills and Costco.
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 illustration, whereas the TD CashBack Visa Infinite earns 3% money again on groceries, it earns simply the bottom 1% money again charge at Walmart.
Should you frequent the Walmart Supercentre, know that Mastercard does, nonetheless, acknowledge a number of Walmart Supercentre areas for grocery purchases—however not all. You’ll have to examine with Mastercard to search out out if the Walmart Supercentre close to you qualifies. The most effective bank cards to make use of for groceries at Walmart Supercentres embody the BMO CashBack Mastercard and Tangerine Cash-Again Card.
Should you favor to “add to cart” at Walmart.ca for grocery pickup and grocery supply, the Walmart World Mastercard is an efficient card to take a look at. It earns you 3% on on-line purchases from Walmart (and 1.25% when buying in retailer and 1% in any respect different grocery shops).
Extra of Canada’s greatest bank cards:
What does the * imply?
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