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The perfect bank cards for grocery purchases in Canada
All people must put meals on the desk, so that you would possibly as nicely earn rewards whereas doing so. Many Canadians are rewards to curb the results of grocery costs and rising inflation. In truth 44% of Canadians surveyed by American Specific 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, searching for money again, to rack up factors or just to seek out one of the best grocery bank card in Canada, we’ve gathered the data it is advisable maximize your spending. Take inventory of your procuring habits, and prepare to money in on the rewards.
Finest money again card for groceries
Scotia Momentum Visa Infinite*
All people 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 in the event you’re carrying this card you’ve acquired a number of money again to earn in a broad group of spending classes.
- Annual charge: $120
- 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 purchases for the primary 3 months (as much as $2,000 in whole purchases). No annual charge within the first 12 months, together with on extra playing cards. Supply ends October 31, 2023.
- Earn charge 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
- Further 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; cellular gadget insurance coverage
- Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000
Finest no-fee money again bank card for groceries
BMO CashBack Mastercard*
When you’re searching for one of the best no-fee money again 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 note, 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 to be able to reap the total 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’ll be able to select when to redeem money again, in increments as little as $1; you can too 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), 22.99% on stability transfers
- Earn charge 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: 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 licensed cardholders at no cost
- Annual revenue requirement: 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, dwelling 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, it is 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 beautiful welcome supply.
- Annual charge: $0
- Rate of interest: 19.95% on purchases, 19.95% on money advances, 19.95% on stability transfers
- Earn charge 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 an additional 10% again on as much as $1,000 in on a regular basis purchases throughout the first 2 months. Should apply by October thirty first, 2023.
- Further perks: Buy safety and prolonged guarantee
- Annual revenue requirement: Private or family revenue of $12,000
Finest bank card for groceries and gasoline (tie)
In the case of can’t-avoid-it bills, gasoline and groceries high the listing. Our choose for one of the 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 rely upon 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 couple of% on eating (together with take out and meals deliveries). And you’ll earn 4% on gasoline as nicely serving to you earn on the pump whereas in your technique to earn on the grocery retailer. Plus, save as much as $0.10 per litre at taking part Chevron, Ultramar and Pioneer gasoline stations if you hyperlink your card with Journie Rewards.
- Annual charge: $120
- Rate of interest: 20.99% on purchases, 22.99% on money advances (21.99% for Quebec residents), 22.99% on stability transfers
- Earn charge 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 all the things else
- Welcome bonus: Earn 10% money again welcome bonus of as much as $200 (first 4 statements). Supply not out there to QC residents. Circumstances apply.
- Further perks: Emergency medical journey insurance coverage, cellular gadget insurance coverage, automotive rental loss and collision protection
- Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000
Meridian Visa Infinite Money Again Card
Apart from 4% money again on groceries and gasoline—two highly regarded spending classes—the Meridian stays sturdy by providing 2% again on drug retailer purchases and recurring payments. The 1% common charge on all the things else is fairly normal however the annual charge 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 widespread cellular gadget protection.
- Annual charge: $
- Rate of interest: % on purchases, % on money advances, % on stability transfers
- Earn charge on groceries: 4% money again
- Rewards on different purchases: 4% money again on gasoline; 2% on drug shops and recurring payments; 1% on all the things else
- Welcome bonus: None
- Further perks: Emergency well being care, journey cancellation or interruption, and baggage insurance coverage; automotive rental loss or collision protection; cellular gadget insurance coverage
- Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000
Finest bank card for Loblaw banner grocery shops
PC Monetary World Elite Mastercard*
With about 2,500 shops working below 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. Consumers 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 Consumers Drug Mart; and 10 factors per $1 in every single place else. Gasoline purchases at Esso and Mobil earn a minimum of 30 factors per litre, making this an all-around invaluable 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 taking part shops.
A downside to this card is the $80,000 minimal annual revenue requirement (or $150,000 for the family), which is able to 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 charge: $0
- Rate of interest: 21.99% on purchases, 22.97% on money advances (21.97% for residents of Quebec), 22.97% on stability transfers
- Earn charge on groceries: 30 PC factors per $1 at Loblaw banner grocery shops (together with No Frills, Fortinos, and The Unbiased Grocer)
- Rewards on different purchases: 45 factors per $1 at Consumers Drug Mart, 30 factors per litre at Esso/Mobil; 30 factors per $1 at PC Journey; and 10 factors per $1 on all the things else
- Welcome bonus: earn 20,000 PC Optimum factors ($20 worth).
- Further perks: Journey emergency medical insurance coverage; automotive rental loss or injury protection; concierge service; id theft help service
- Annual revenue requirement: Private revenue of $80,000 or family revenue of $150,000
Finest factors playing cards for groceries
American Specific Cobalt*
For individuals who need to flip their grocery purchases into world journey, the American Specific Cobalt is right here to assist. There are a couple of standout components of this card, beginning with the distinctive cost construction that payments the annual charge in month-to-month installments of $12.99. Subsequent is the welcome bonus, encouraging new cardholders to spend by rewarding 2,500 factors if you make $500 in purchases every month for the primary 12 months. When you hit that focus on each month, you’ll have a cool 30,000 factors accrued by the tip of the 12 months. 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 part 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 automotive rental theft and injury protection. Cardholders are additionally eligible for a credit score on facilities at taking part accommodations.
It does bear mentioning that as a result of that is an American Specific card, it’s not accepted at each retailer—however in the event you’re a consumer 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 charge: $156
- Rate of interest: 20.99% on purchases, 21.99% on money advances
- Earn charge on groceries: 5 factors per $1
- Rewards on different purchases: 5 factors per $1 on eating, meals supply and bars (as much as a most of $2,500 month-to-month beginning August 15, 2023); 3 factors per $1 for streaming providers, 2 factors per $1 on transportation together with taxis, public transit and rideshares; and 1 level per $1 on all the things else
- Welcome bonus: earn 2,500 factors for every month you spend $500, as much as a most of 30,000 factors.
- Further 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 taking part accommodations; Amex Invitations and Entrance-of-the-Line Entry
- Annual revenue requirement: None
Honourable point out: Scotiabank Gold American Specific*
Wish to earn factors towards subsequent 12 months’s trip when 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 Specific Cobalt has an edge on the Scotiabank Gold American Specific card because the former helps you to get 15% to 75% extra worth out of your factors via Amex’s mounted 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 Specific remains to be a fantastic card. Plus, the Scotiabank Gold American Specific has some nice perks that the Cobalt doesn’t, like no overseas transaction charges and extra factors on leisure and streaming providers.
- Annual charge: $120
- Rate of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers
- Earn charge on groceries: 6 Scene+ per $1 spent at shops below the Sobeys umbrella. These embody Safeway, FreshCo, Foodland, FreshCo, Thrifty Meals, taking part IGAs and the Voilà by Sobeys supply service. Earn 5 factors per $1 at different eligible grocery shops
- Rewards on different purchases: 5 factors per $1 on eating, meals supply and meals subscriptions; 5 factors per $1 on leisure, motion pictures and theatre tickers; 3 factors per $1 on gasoline, transit and rideshare prices, in addition to streaming providers; 1 level per $1 on all the things 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 October 31, 2023.
- 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 revenue requirement: Private or family revenue of $12,000
Our methodology: How we decide one of the best playing cards
The MoneySense editorial crew selects one of the best bank cards by assessing the worth they supply to Canadians throughout varied classes. Our greatest grocery bank cards rating relies on an in depth listing of card particulars and options, together with annual charges, rates of interest, welcome provides, rewards earn charges and redemption choices and annual revenue 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 Specific 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 Advantageous Meals, Entire Meals and Instacart.
The American Specific Cobalt and Scotiabank Gold American Specific* supply essentially the most bonus factors for grocery purchases on our listing, however they aren’t as broadly 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 Specific 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.
When 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 test with Mastercard to seek out out if the Walmart Supercentre close to you qualifies. The perfect bank cards to make use of for groceries at Walmart Supercentres embody the BMO CashBack Mastercard and Tangerine Cash-Again Card.
When you desire to “add to cart” at Walmart.ca for grocery pickup and grocery supply, the Walmart World Mastercard is an effective card to have a look at. It earns you 3% on on-line purchases from Walmart (and 1.25% when procuring 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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