Best Gas Credit Card + rewards program

I use pc mastercard to fill at mobil station for 9 cents/L in pc points. Turned out to be almost 15% discount when gas was 60-65 c/L range. Not so much now but still decent

winnipeger1 wrote: ↑ I use pc mastercard to fill at mobil station for 9 cents/L in pc points. Turned out to be almost 15% discount when gas was 60-65 c/L range. Not so much now but still decent

Thanks for sharing, would definitely like to hear about what everyone is doing.

I use RBC Rewards Visa (3 cents/L savings) at Petro Canada. This discount is exclusively at Petro Canada.
If you have a Fuels Savings card, 5 cents or 10 cents, potentially you can save 8 cents/L or 13 cents/L off the pump price.

i use ctfs triangle we and amex cobalt.

You need to consider your annual spending.
Gas is typically a low spending category for the average consumer.
If your spend for gas is not that high, it is not ideal to get cards specific category, but rather just get a good all rounder card.
(you may be ahead by at most $50 in a year, by choosing the "best" card for gas.)

Current good offers include:
Amex Plat 1400CAD statement credit (with referral) - 699 annual fee
CIBC infinites sign up bonus of 20k no spend required fyf
TD set of cards, sign up bonus + monthly spends fyf
BMO cashback infinite 10% cashback fyf


I would recommend any of the above.

If you really want to know how to optimize gas:

You go get petro canada gift cards, (possibly with discounts), somehow, somewhere.
Typical sources include:
RBC rewards
petro canada stores (amex business gold can choose to get 2x MR on petro canada)
in grocery stores like No frills, where they give out gas discount cards for free (with a purchase of GC)

etc.

You earn points with your credit card on the gift card purchase, best in $25 per card.

Then when you go fill up, you fill up $26, say for 26L.
You go inside, give the $25 gift card to the clerk.
Then you pay with your RBC credit card, you would get 3c off on the entire 26L, even if you paid it already with your GC.
So for the example of $26 for 26L, you would pay $25 on GC, and $0.22 on your RBC credit card, earning rbc points on the $0.22.

So by going through the GC + RBC card route, you get points for purchasing GC, and 3c off on the gas from RBC.
This may come out to be about 5%, which makes you maybe 2%-3% ahead of a standard credit card.


Compare this to CIBC dividend plat, which gives 4% gas grocery fyf. (no sign up bonus)


If you spend $2500 a year on gas, 2% of that is $50.

Meridian credit union cash back Visa infinite. 4% at supermarkets and gas stations.

Webhead wrote: ↑ I use RBC Rewards Visa (3 cents/L savings) at Petro Canada. This discount is exclusively at Petro Canada.
If you have a Fuels Savings card, 5 cents or 10 cents, potentially you can save 8 cents/L or 13 cents/L off the pump price.

I use this also.

I use either CT Triangle MC for $0.05/L back in CT Money to use for auto work (Did Combine with $0.02/L survey coupon, but now gone) or PC Financial MC (About $0.04/L back in PC Pts). Will depend on which station is cheaper when I need gas

winnipeger1 wrote: ↑ I use pc mastercard to fill at mobil station for 9 cents/L in pc points. Turned out to be almost 15% discount when gas was 60-65 c/L range. Not so much now but still decent

How does it work out to be 9 cents? Isn't it 30 points per litre = 3%?

zobi123 wrote: ↑ How does it work out to be 9 cents? Isn't it 30 points per litre = 3%?

You will get extra 7 cents per L at Mobil.
Total discount = 10pts/$ (base) + 20pts/L (PC Optimum, PC MasterCard bonus) + 10pts/L (89, 91 or 93) + 7 cents/L (Mobil)

In summary, the best card at the pump is PCF WE. You will get 11% back if it’s $1/L. No other card is better.

EdisonL299 wrote: ↑ You will get extra 7 cents per L at Mobil.
Total discount = 10pts/$ (base) + 20pts/L (PC Optimum, PC MasterCard bonus) + 10pts/L (89, 91 or 93) + 7 cents/L (Mobil)

In summary, the best card at the pump is PCF WE. You will get 11% back if it’s $1/L. No other card is better.

O wow, so all you need to do is pay with PC WE? No other membership required?
Pretty good considering there is a 100k points signup bonus going on right now. Can I redeem those points towards gas?

zobi123 wrote: ↑ O wow, so all you need to do is pay with PC WE? No other membership required?
Pretty good considering there is a 100k points signup bonus going on right now. Can I redeem those points towards gas?

Yup, all you need is PCF WE because it doubles as credit card and PC Optimum card. I think you can only redeem your points at Loblaws grocery stores and Shoppers Drug Mart.

Once many of the attached gas bars were re-branded to Mobil noticed their prices crept up, so I ditched the PCF WE myself. If you benchmark the daily Costco or evening price then not being tied to a co-brand type card provides more flexibility.

Scotiabank Gold Amex + the Triangle WE MC. Whenever I go to a CT Gas Bar, Triangle WE MC gives me 7 cents off per litre since my vehicle requires premium, the CT gas bar that I use is just down the road from Costco so there's fierce competition. Often I find CT cheaper than Costco after factoring the CT Money I get back on my Triangle WE MC and I don't need to line up. From time to time, Costco is cheaper but then there's the line and Costco is only cheaper by 1-2 cents after accounting for the cashback I get from the Rogers WE MC. Other than that, we use the Scotiabank Gold AMEX for the 3x the points at other stations.

2022 bump

I'd say mbna rwe buying esso gift cards at a grocery store. Load the gift card onto esso speed pass along with your optimum account. Pay by app at esso and Mobil stations. This gets you 5 mbna points per dollar plus the 10 optimum points for regular (you can also get the bonus points for a higher fuel grade). You can also use the mbna card to get the price privilege card for a fuel discount. You'll have to do your own napkin math on that.

Using the app in the dead of winter is nice because you get the pump ready before you even get out of the car.

CIBC at Pioneer gas

CIBC 4% cashback on any gas (Pioneer or otherwise)
If at Pioneer, then 4% cashback + 3c/L off right there at the pump.
Then, you also accumulate Journie Rewards points in addition to the 4% + 3c/L

Pioneer stations tend to have the cheapest gas to begin with, on top of everything, which works out pretty great.

Webhead wrote: ↑ I use RBC Rewards Visa (3 cents/L savings) at Petro Canada. This discount is exclusively at Petro Canada.
If you have a Fuels Savings card, 5 cents or 10 cents, potentially you can save 8 cents/L or 13 cents/L off the pump price.

By my math, using a WestJet World Elite Mastercard, the 3c RBC discount at Petro Can, plus Petro Points plus 1.5% in WJ dollars, works out to something like 5-6%, depending on gas price.

OxbridgeIvy wrote: ↑ CIBC at Pioneer gas

CIBC 4% cashback on any gas (Pioneer or otherwise)
If at Pioneer, then 4% cashback + 3c/L off right there at the pump.
Then, you also accumulate Journie Rewards points in addition to the 4% + 3c/L

Which CIBC credit card has 4% cashback on gas?
Costco Mastercard has 2% at non-Costco gas stations.