Best Grocery Credit Cards in Canada

Save Money on Groceries by Using the Right Credit Cards

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Last updated on August 20, 2019 Views: 547 Comments: 2
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After rent or mortgage payments and basic utilities, your biggest monthly expense is probably your grocery bill. This is especially true if you’re raising children who constantly complain that there’s nothing to eat in the house!

But there are ways to keep everyone sated and simultaneously make the bills easier to digest, one of which is using a rewards or cashback credit card designed for saving money on groceries.

Best Overall Earn Rate on Grocery Bills

Scotiabank Gold American Express

Eligibility Criteria:
– Credit score required: good_excellent
– Min personal income required: $12000
– Annual fees: $120

Earn 5 Scotia Rewards points for every $1 spent on groceries, dining, and entertainment purchases as well as 3 points for eligible gas station, . All other purchases earn 1 point per $1. There’s a cap on the accelerated 4 point/$1 earn rate, but it’s $50,000 of annual spending—very high for a rewards card. You’ll drop to the flat 1point per $1 earn rate after that.

To apply for the Scotiabank Gold American Express, you’ll need a minimum personal income of $12000 and a good to excellent credit score. You can redeem Scotia points for travel, SCENE movie tickets, and other merchandise. Extra perks that come with the card include access to exclusive Amex concierge events, 25% off car rentals at AVIS and Budget, car rental damage waiver coverage, and a range of travel insurance options.

Click here to apply for the Scotiabank Gold American Express


Carte Visa Infinite Momentum Scotia 243Scotiabank Momentum Visa Infinite

Eligibility Criteria:
– Credit score required: good_excellent
– Min personal income required: $60000
– Annual fees: $120

Earn 4% cash back on gas station and grocery purchases, as well as % cash back for drug store and recurring bills. These are capped at a total annual spend of $25,000 for each accelerated earn rate, e.g. gas station and grocery purchases are calculated together for the purpose of the annual cap, and drugstore and recurring bills are calculated together as well. Once you exceed these annual caps you’ll get 1% cash back until the start of the next annual cycle.

Aside from those high cash back rates the card also provides six types of travel insurance, extended warranty and purchase protection, and exclusive Visa experiences. To qualify for the Scotiabank Momentum Visa Infinite, you’ll need good to excellent credit and a personal income of at least $60000 per year.

Click here to apply for the Scotiabank Momentum Visa Infinite

Best Aeroplan Users Cards for Groceries

TD Aeroplan Infinite VisaTD® Aeroplan® Visa Infinite

Eligibility Criteria:
– Credit score required: good_excellent
– Min personal income required: $60000
– Annual fees: $120 First year free

This offer is not available for residents of Quebec. For Quebec residents, please click here.

Groceries and cost-effective air travel are more interconnected than one might think. With a credit card like the TD® Aeroplan® Visa Infinite card, qualified cardholders can earn Air Canada Aeroplan Miles on their grocery and other purchases (gas, drugstore, aircanada.com) at an impressive rate of 1.5 Aeroplan Miles for every $1 spent. They’ll also collect aircanada.com purchases. Outside these categories cardholders will collect 1 Mile per $1 spent elsewhere—it’s effortless to discount the cost of an upcoming trip simply by combining regular everyday purchases with a sign-up bonus of up to 40,000 Aeroplan Miles, available in the first year.

The card also has a valuable array of other perks, including comprehensive travel insurance and Air Canada-related benefits like free checked bags, priority boarding, and one free annual pass to the luxurious Maple Leaf Lounge. Individual and household income requirements for the card are $60,000 and $100,000, respectively.

Click here to apply for the TD® Aeroplan® Visa Infinite


TD aeroplan visa infinite privilegeTD® Aeroplan® Visa Infinite Privilege*

Eligibility Criteria:
– Credit score required: good_excellent
– Min personal income required: $200000
– Annual fees: $399

TD offers an upgraded version of the card for households earning over $200,000 annually. Though the upper-tier Aeroplan® Visa Infinite Privilege* card earns Aeroplan Miles on groceries at the same 1.5 per $1 rate, the “all-encompassing” base rate on other purchases is higher—1.25 Miles per $1 spent. It also comes with better insurance, a large introductory bonus of up to 60000 Aeroplan miles, four annual passes to the VIP lounge, a 50% discounted companion flight, and accordingly, a higher annual fee ($399 versus $120 for the Aeroplan Visa Infinite).

Click here to apply for the Aeroplan® Visa Infinite Privilege* card

Best Cash Back Promotion

TD Cash Back Visa InfiniteTD Cash Back Visa Infinite*

Eligibility Criteria:
– Credit score required: 
good_excellent
– Min personal income required: $60000
– Annual fees: $120

This offer is not available for residents of Quebec. For Quebec residents, please click here.

The TD Cash Back Visa Infinite*’s earn rate always makes it a reliable credit card for everyday purchases, but its current promotion shoots it into exclusive territory. New cardholders will earn a massive 10% cash back on all purchases for their first 3 months of card ownership, up to a maximum spend of $2,000. That means you could earn $200 in cash back just in your first 3 months—vastly exceeding the card’s $120 annual fee.  And as an added bonus, you’ll pay no annual fee for the first year!  Conditions apply.  Offer ends December 1, 2019.

After the promotion period ends, cardholders still get a respectable 3% cash back on eligible gas and grocery purchases and recurring bill payments, and 1% back on all other purchases. Aside from its spectacular promotion rate and solid standard earn rates, the TD Cash Back Visa Infinite* card also comes with travel medical insurance, lost or delayed baggage insurance, and membership to the Deluxe TD Auto Club for roadside assistance.

Click here to apply for the TD Cash Back Visa Infinite* card

Best Store-Specific Grocery Cards

BMO Sobeys Air Miles MasterCardBMO Sobeys AIR MILES MasterCard

Eligibility Criteria:
– Credit score required: 
fair_good
– Min personal income required: $15000
– Annual fees: $0

BMO’s Sobeys and IGA Air Miles Mastercards are great if you love to convert your grocery bills into vacations. The main difference between the two cards concerns where you live and shop. The BMO Sobeys Air Miles Mastercard is ideal for users who live outside of Quebec and like to shop in Sobeys, Foodland and IGA stores. You’ll get 2 Air Miles for every $20 you spend in these participating stores across the country, and 1 Air Mile per $20 spent everywhere else, without any caps.

In your first year you’ll enjoy a welcome bonus of 800 Miles for making a single purchase on the card. There’s $0 annual fee, and you can also get pay-as-you-go  roadside assistance and a 25% discount at participating car rental companies.

Apply for the BMO Sobeys Air Miles Mastercard here


BMO IGA Air Miles MastercardBMO IGA AIR MILES MasterCard

Eligibility Criteria:
– Credit score required: 
fair_good
– Min personal income required: $15000
– Annual fees: $0

If you love earning Air Miles, live in Quebec, and shop at IGA, then the BMO IGA Air Miles MasterCard might be better for you than its sister Sobeys card. With this card, the 2 Air Miles per $20 spend offer applies to grocery purchases at IGA stores in Quebec only. You’ll earn 1 Air Mile per $20 spent elsewhere.

As with the Sobeys card, with the IGA card you’ll enjoy a 800-Mile welcome bonus. The card also has no annual fee and the same perks of roadside assistance, 25% car rental discounts, and extended warranties on purchases.

Apply for the BMO IGA Air Miles Mastercard here


ctsf_Triangle_World_Elite_MasterCardTriangle World Elite Mastercard

Eligibility Criteria:
– Credit score required: 
fair_good
– Min personal income required: $80000
– Annual fees: $0

Earn Canadian Tire (CT) Money on your regular grocery bills and gas purchases and redeem it on your bill at participating Canadian Tire, Sport Chek, Mark’s/L’Equipeur, and Atmosphere stores. You’ll earn 3%, up to $12,000 spend on the Triangle World Elite Mastercard at participating grocery stores each year, but then the earn rate drops to 3%. Purchases at Walmart, Walmart Superstore, and Costco aren’t included in the accelerated 3% earn rate, but you do get 4% for purchases at Canadian Tire, Sport Chek, Mark’s/L’Equipeur, and Atmosphere stores without caps, as well as $0.05 per litre for regular fuel and $0.07 per litre on premium fuel at Gas+ pumps.

To qualify for the card you’ll need a minimum personal income of $80000. Extra perks include roadside assistance, car rental damage coverage, and zero liability purchase protection.

Click here to apply for the CTFS Triangle World Elite Mastercard


President's Choice Financial World MasterCardPC Financial World Elite Mastercard

Eligibility Criteria:
– Credit score required: fair_good
– Min personal income required: $80000
– Annual fees: $0

Frequent shoppers at PC stores can earn 10 PC Optimum points for every $1 spent on groceries and purchases through PC travel and PC mobile with PC Financial World Elite Mastercard. Purchases at Shoppers Drug Mart earn 45 points per $1 spent, $0.03 per litre at Esso gas stations and 10 points per $1 spent everywhere else.

10,000 PC Optimum points are equivalent to $10, which means it could take a while to earn sizable cashback amounts. However, there’s no annual fee and no cap to the amount of PC Optimum points you can earn.

To apply, you’ll need a minimum personal income of $80000 per year and a fair to good credit score. Extra perks include travel emergency medical insurance, car rental damage coverage, and identity theft assistance.

Click here to apply for the PC Financial World Elite Mastercard

Best Unlimited Cash Back Cards for Groceries

The NEW SimplyCash Card from American ExpressSimplyCash Card from American Express

Eligibility Criteria:
– Credit score required: good_excellent
– Min personal income required: $0
– Annual fees: $0

Earn 2.5% cash back on all of your purchases, not just groceries! However, the 2.5% earn rate is capped at $150 in earned cash back, and the 2.5% rate only applies for the first 3 months. After that, you’ll earn 1.25% cash back on all of your purchases without any caps. Also, there are no restrictions on where you earn cash back, so if you frequently shop in stores that don’t earn an accelerated rate with most other credit cards—like Walmart and Costco—this could be the best card for you.

There’s no annual fee for your credit card, or for up to 9 supplementary cards. Car rental damage coverage, travel insurance, access to exclusive Amex entertainment events, and 1.99% interest on balance transfers within the first 6 months of card membership add to the attraction. You can also earn a $100 cashback bonus each time you refer a friend, up to a total of $1,500 in bonuses per year.

Approval for the SimplyCash card requires only a poor to fair credit score and there are no minimum income requirements.

Click here to apply for the SimplyCash Card from American Express

Bon Appetit!

*American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply link.

**This post was not sponsored. The views and opinions expressed in this review are purely my own.

Article comments

2 comments
Lawrence says:

Roadside assistance is not free on a BMO Sobeys card after following the link provided and getting to https://www.bmosobeys.com/en/no-fee-mastercard/roadside-assistance

Choose BMO Basic Roadside Assistance7 ($69 + tax) or BMO Enhanced Roadside Assistance ($98 + tax) to accommodate all your roadside assistance needs.

The GreedyRates Team says:

Greetings Lawrence,

You’re right! We wrote in the article above that BMO’s Roadside Assistance benefit is unfortunately not included with the BMO Air Miles Sobeys card, so you’ll need to pay as you go. However, even the Basic Roadside Assistance package from BMO is worth the price. Canadians who run out of gas, lock their keys in their car, get a flat tire, or experience a dead battery can simply call the number provided and expect help within an hour or so. This applies anywhere in Canada because most Roadside Assistance programs are provided by DAA (this one included), which is an extremely trustworthy nationwide service. Of course, if you don’t want it—you don’t have to pay for it!

GreedyRates Staff