Canada’s finest bank cards for grocery purchases 2023

All people must put meals on the desk, so that you may as nicely earn rewards whereas doing so. And contemplating that grocery costs proceed to develop rapidly, there’s no higher time to earn helpful rewards and money again on this important family expense.

Whether or not you’re on the lookout for money again, to rack up factors or just to seek out the most effective grocery bank card in Canada, we’ve gathered the data you 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*

All people likes versatile rewards, and money is essentially the most versatile round. This card affords 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 companies like Netflix and recurring invoice funds, whereas transportation prices (together with Uber) and gasoline earn at 2% (as much as an annual complete 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 received a whole lot 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 steadiness transfers
• Welcome bonus: Earn 10% money again on all purchases for the primary 3 months (as much as $2,000 in complete purchases).
• 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 pieces 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; cell system insurance coverage
• Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000

Greatest no-fee money again bank card for groceries

BMO CashBack Mastercard*

In the event you’re on the lookout for the most effective no-fee money again grocery bank card, look no additional. The three% money again on grocery purchases, no annual charge, and stable earn charges in different classes have made this card is a standout within the class. Be mindful, 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 with the intention 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 may also 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 steadiness 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 pieces else
• Welcome bonus: earn as much as 5% money again in your first 3 months.
• Extra perks: Buy safety and prolonged guarantee; reductions at Avis and Nationwide Automotive Leases; low cost Cirque du Soleil performances; add licensed cardholders at no cost
• Annual earnings 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 complete, together with drug retailer, gasoline, lodge and motel lodging, eating places, furnishings, recurring invoice funds, residence enchancment, leisure, and public transportation and parking.) Plus, you’ll be able to 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 provide an excessive amount of in the way in which of perks, like the cardboard above, it at the moment has a sexy welcome provide.

• Annual charge: $0
• Rate of interest: 19.95% on purchases, 19.95% on money advances, 19.95% on steadiness 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 pieces 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 Might 2, 2023.
• Extra perks: Buy safety and prolonged guarantee
• Annual earnings requirement: Private or family earnings of $12,000

Greatest bank card for groceries and gasoline (tie)

In relation to can’t-avoid-it bills, gasoline and groceries prime the listing. Our decide 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 inclined to spend extra, and what perks are most helpful to you.

CIBC Dividend Visa Infinite

This bank card affords compelling earn charges on all forms 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 nicely serving to you earn on the pump whereas in your method to earn on the grocery retailer. Plus, save as much as $0.10 per litre at collaborating Chevron, Ultramar and Pioneer gasoline stations whenever 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 steadiness transfers
• Earn charge on groceries: 4% money again
• Rewards on different purchases: 4% money again on gasoline; 2% on eating, each day transit and recurring payments; 1% on all the pieces else
• Welcome bonus: earn 15% money again welcome bonus of as much as $300 (first 4 statements).
• Extra perks: Emergency medical journey insurance coverage, cell system insurance coverage, automotive rental loss and collision protection
• Annual earnings requirement: Private earnings of $60,000 or family earnings 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 pieces 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 well-liked cell system protection. 

• Annual charge: $99
• Rate of interest: 19.5% on purchases, 21.99% on money advances, 19.5% on steadiness 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 pieces 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 system insurance coverage
• Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000

Greatest 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 economic system model No-Frills, the big-box Actual Canadian Superstore and the market-style Fortinos, it’s secure 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. Gasoline purchases at Esso and Mobil earn not less than 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 collaborating shops. 

A downside 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 many who can’t meet the edge. 

• Annual charge: $0
• Rate of interest: 20.97% on purchases, 22.97% on money advances (21.97% for residents of Quebec), 22.97% on steadiness transfers
• Earn charge 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 Customers Drug Mart, 30 factors per litre at Esso/Mobil; 30 factors per $1 at PC Journey; and 10 factors per $1 on all the pieces else
• Welcome bonus: earn 20,000 PC Optimum factors ($20 worth).
• Extra perks: Journey emergency medical insurance coverage; automotive rental loss or harm protection; concierge service; identification theft help service
• Annual earnings requirement: Private earnings of $80,000 or family earnings of $150,000

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 number of standout parts of this card, beginning with the distinctive fee 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 whenever you make $500 in purchases every month for the primary 12 months. In the event you hit that focus on each month, you’ll have a cool 30,000 factors gathered by the top of the 12 months. The earn charge 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. 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 automotive rental theft and harm protection. Cardholders are additionally eligible for a credit score on facilities at collaborating inns. 

It does bear mentioning that as a result of that is an American Categorical card, it isn’t 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; 2 factors per $1 on transportation together with taxis, public transit and rideshares; and 1 level per $1 on all the pieces else
• Welcome bonus: earn 2,500 factors for every month you spend $500, as much as a most of 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 harm safety; lodge credit score as much as $100 USD on facilities like spa or eating at collaborating inns; Amex Invitations and Entrance-of-the-Line Entry
• Annual earnings requirement: None

Honourable point out: Scotiabank Gold American Categorical*

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 value noting that the American Categorical Cobalt has an edge on the Scotiabank Gold American Categorical card for the reason that former enables 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 mentioned, the Scotiabank Gold American Categorical remains to be an incredible 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 charge: $120
• Rate of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers
• Earn charge on groceries: 6 Scene+ per $1 spent at shops below the Sobeys umbrella. These embrace Safeway, FreshCo, Foodland, FreshCo, Thrifty Meals, collaborating 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, films and theatre tickers; 3 factors per $1 on gasoline, transit and rideshare expenses, in addition to streaming companies; 1 level per $1 on all the pieces else.
• Welcome bonus: earn as much as $850 in worth within the first 12 months, together with as much as 45,000 bonus Scene+ factors. Should apply by April 30, 2023.
• 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.
• Annual earnings requirement: Private or family earnings of $12,000

Ceaselessly requested questions