Canada's 9 Best Grocery Credit Cards of October 2026
Published Aug 5, 2026 3:55 PM • 6 min read
Most Canadians grab groceries weekly, sometimes even daily. Regardless, it makes sense to optimize such a common expense. Before you scour the aisles for canned goods, produce or baking needs, browse our list of leading grocery credit cards, featuring some of the best credit cards on the Canadian market. With the right card in your back pocket, you'll be stocking the pantry and your wallet.
Data-driven rankings of 120+ credit cards using a proprietary algorithm
Comprehensive analysis using 25+ data points including terms and conditions, points programs, and more
Objective editorial approach - we strive for unbiased reviews following our editorial guidelines
FinlyWealth's credit cards content, including rankings and recommendations, is overseen by a team of engineers and writers who specialize in credit cards, banking, and personal finance. Our work has been featured in The Globe and Mail, GoBankingRates, and AOL. Our proprietary analysis systems evaluate product features, terms, and conditions to deliver comprehensive reviews and comparisons while maintaining strict editorial standards for accuracy and integrity.
Best Grocery Credit Cards in Canada
Our choice for: Best Overall Grocery Credit Card
on MBNA's website
Welcome Bonus
Up to 30,000 points ($245 in cash back value or $300 when redeemed for MBNA Travel)††
Annual Fee
$120
Interest Rates
21.99% / 22.99%
RECOMMENDED CREDIT SCORE
5/5
The MBNA Rewards World Elite® Mastercard® is one of the best reward credit cards in Canada, offering high rewards on frequently spent categories such as groceries and restaurant purchases. The annual birthday bonus, unique to this card, also provides a significant boost to your yearly earnings. Additionally, the card features a comprehensive list of benefits, including price protection—a rare and valuable perk not found with many other cards in Canada. These factors make this card one of the best to have in Canada.
Awards & Recognition
Best Rewards Credit Card
2026
Pros
- High grocery optimization
- High dining optimization
- Annual birthday bonus
- Solid travel insurance
- Rare price protection
- Good redemption values
Cons
- Missing key insurance categories
- Low gas optimization
- Annual fee
- High income requirements
Rewards
- Earn 5 points‡ for every $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases until $50,000 is spent annually in the applicable category.
- 1 point‡ for every $1 on all other eligible purchases.
- Each year, you will receive Birthday Bonus Points‡ equal to 10% of the total number of Points the Account earned in the 12 months before the month of the primary cardholder's birthday, to a maximum Birthday Bonus each year of 15,000 Points.
Insurance
Coverage
Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
1 year.svg)
Car Rental Damage & Theft
31 days
Flight Delay
$500/person after 4 hours
Common Carrier Travel Accident Insurance
$1,000,000
Travel Medical Insurance (64 & under)
$2M for 21 days
Lost or Stolen Baggage
$1,000/personBaggage Delay
$1,000/person
Price Protection
$500/item, $1,000/account per year
Benefits
Details
Annual Birthday Bonus
10% of the Points earned the 12 months prior to the primary cardholder's birthday month (up to a max 15,000 bonus points per year)
Car Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car in Canada and US and 5% internationally
Trip and legal Assistance
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Concierge Services
Eligibility
Credit Score
GoodAnnual Income
$80,000 personal or $150,000 household
Our choice for: Best for Cashback
on Neo Financial's website
Finly Special Offer
Welcome Bonus
$0 First-Year Annual Fee and $100 Welcome Bonus
Annual Fee
$149 $0
Interest Rates
19.99% - 26.99%□ / 22.99% - 28.99%
RECOMMENDED CREDIT SCORE
4.6/5
This card offers some of the highest cash back rates in Canada for gas, groceries, and recurring purchases, which is pretty hard to beat. While the cash back rates are very high, you need to mind the spend caps set for each category to see if your earning potential is really that high compared to most other credit cards. However, if you're the average person whose spending is generally below $12k per year in groceries, $6k per year in recurring bills and $12k per year in gas, then you'll be doing pretty well, especially with the great insurance and benefit offers.
Awards & Recognition
Best Cash Back Credit Card
2026
Pros
- High cashback rates
- Premium insurance coverage
- Airport lounge membership
- Boosted partner cashback
- Instant approval and access
Cons
- High income requirements
- Spending caps
- Annual fee
Rewards
- 5% cash back on grocery purchases up to $1,000 spending per month
- 4% cash back on recurring purchases up to $500 spending per month
- 3% cash back on gas purchases up to $1,000 spending per month
- 1% cash back on all other purchases with no spending caps
- Up to 15% boosted cashback at thousands of partners across Canada - on top of base cashback rates
Insurance
Coverage
Travel Medical Insurance (64 & under)
Up to $1,000,000
Trip Cancellation
$1,000
Trip Interruption
$1,000Flight Delay
$500Baggage Delay
$1,000
Hotel Burglary Insurance
$1,000
Car Rental Accident
$100,000 for cardholder, up to $10,000 per Spouse or Dependent ChildCar Rental Damage & Theft
Yes.svg)
Car Rental Personal Effects
$1,000Purchase Protection
90 daysExtended Warranty
1 yearLost or Stolen Baggage
$1,000
Mastercard Zero Liability Protection
Yes
Benefits
Details
Airport Lounge - Dragon Pass
Pass only - pay $32 USD per visit
No Foreign Transaction Fees1
You can get all FX fees rebated up to $10K spending per month with a Neo Grow membership ($12.99/month cost or $0 with $20K across your Neo accounts)
World Mastercard Benefits
Including discounting with participating partners and DragonPass airport lounge access.
Eligibility
Credit Score
GoodAnnual Income
$80,000 personal or $150,000 household
Our choice for: Cashback Specifically on Groceries
on Scotiabank's website
Welcome Bonus
Earn 15% Cash Back on all purchases for the first 3 months, a 0% introductory interest rate on balance transfers, and no annual card fees in the first year
Annual Fee
$120 $0
Interest Rates
20.99% / 22.99%
RECOMMENDED CREDIT SCORE
4.6/5
The 4% cashback offered on groceries and recurring purchases is the highest among all other credit cards. With the first year's annual fee waived, and with the right transactions used on this credit card, a high amount of cashback could be earned.
Pros
- High grocery optimization
- High recurring payment optimization
- High insurance coverage
- First-year fee rebate
- Car rental discounts
Cons
- Low base earn rate
- Income requirements
Rewards
- 4% for every $1 you spend on grocery store purchases, recurring bill payments and subscription purchases
- 2% for every $1 you spend on gas and daily transit purchases
- New 2% Cash Back earn category: You will earn 2% on all eligible purchases of Food Delivery4
- 1% cash back on all other purchases with no cashback limit
- New Cash Back Anytime feature: Redeem your cash back that you’ve earned whenever you need it, through the Scotia app or Scotia Online ($25.00 minimum redemption)¹
- Rates, fees and other information are effective as of July 2, 2026. Subject to change.
Insurance
Coverage
Mobile Device Insurance
$1,000Common Carrier Travel Accident Insurance
$500,000Travel Medical Insurance (64 & under)
15 daysTrip Interruption
$2,000Trip Cancellation
$1,500Flight Delay
$500Lost or Stolen Baggage
$500Baggage Delay
$500Car Rental Damage & Theft
48 daysPurchase Protection
90 daysExtended Warranty
1 year
Benefits
Details
Car Rental Discount
25% off base rate of Avis Rent A Car and Budget Rent A Car
Discount11
Yearly GigSky 1GB/15-Day plan, 20% off future purchases, and 10GB of global data for 15 days with Travel Essentials
Visa Infinite Exclusive Benefits
Yes.svg)
Gas Discount12
Get up to 7¢/L in value on fuel purchases at Shell stations
Eligibility
Credit Score
GoodAnnual Income
$60,000 personal or $100,000 household
Our choice for: Loblaws related stores
on PC Financial's website
Welcome Bonus
20,000 PC points ($20 value)
Annual Fee
$0
Interest Rates
21.99% / 22.97%
RECOMMENDED CREDIT SCORE
2.3/5
This is a great card to have in your arsenal if you frequently shop at Shoppers Drug Mart®, Loblaw's owned chains, and ESSO and Mobil gas stations, as you will earn significant rewards in these categories. The additional benefits, such as out-of-province medical insurance, car rental damage insurance, and concierge service, are impressive and typically only come with cards that have annual fees; however, you can access these benefits for free with this card. We do not recommend using this as your primary credit card but as a supplement to another primary card, especially because there are no fees. This is because the rewards on purchases outside the mentioned shops are very average, and many other cards offer much more substantial rewards for general use.
Pros
- No annual fee
- Decent insurance
- Decent rewards
Cons
- Limited rewards
- Income requirements
Rewards
- 45 points per $1 dollar spent at Shoppers Drug Mart® stores
- 30 points per $1 dollar spent at Atlantic Superstore, Extra Foods, Fortinos, Loblaws, Maxi, Maxi & cie, no frills, Provigo, Real Canadian Superstore, SaveEasy, SuperValu, valu-mart, Your Independent Grocer, Zehrs
- 20 points per $1 spent in PC travel
- 19 points per $1 dollar spent at ESSO and Mobil (it's 30 points per liter and the assumption of average gas price of $1.6 was made)
- 10 points per $1 dollar spent for everything else
Insurance
Coverage
Travel Medical Insurance (64 & under)
$1M, Up to 10 daysCar Rental Damage & Theft
Up to 31 daysPurchase Protection
90 daysExtended Warranty
Doubled up to a year
Benefits
Details
Concierge Services
Identity Theft Assistance
Eligibility
Credit Score
Very GoodAnnual Income
$80,000 personal or $150,000 household
Our choice for: Earning Points for Traveling
Welcome Bonus
Up to 15,000 Membership Rewards® points
Annual Fee
$191.88⁕
$15.99 Paid Monthly
⁕ For Quebec, $191.88/year
Interest Rates
21.99%* / 21.99%*
RECOMMENDED CREDIT SCORE
4.9/5
This card was voted one of the Best Credit Card in Canada by FinlyWealth. The rewards earned on this card for a person with average spending exceed those of other credit cards in Canada by a huge margin! In addition, this card has a good benefits coverage, a flexible amex cobalt bonus points redemption program (1:1 transfer to Aeroplan® or Avios), making it the best candidate to become the main credit card for the majority of people.
Awards & Recognition
Best Travel Rewards Credit Card
2026
Pros
- Impressive optimization
- 1:1 Aeroplan point transfer
- Generous welcome bonus
- Flexible high value redemptions
- Comprehensive coverage
- Highly ranked
- Instant decision. No credit impact.
Cons
- Limited acceptance
- Lacks valuable coverage categories
Rewards
- 5x points per $1 spent on eligible eats and drinks in Canada, including groceries and food delivery (up to 12,500 points per month)
- 3x points per $1 spent on eligible streaming subscriptions in Canada
- 2x points per $1 spent on eligible gas, transit & ride share in Canada
- 1x point per $1 spent on all other purchases
Insurance
Coverage
Travel Medical Insurance (64 & under)
15 days, up to $5M (if under age 65)Flight Delay
$500Baggage Delay
$500Hotel Burglary Insurance
$500Lost or Stolen Baggage
$500Common Carrier Travel Accident Insurance
$250,000Car Rental Damage & Theft
yesMobile Device Insurance
$1,000Purchase Protection
90 daysExtended Warranty
1 year
Benefits
Details
Amex Experiences™
Access Front Of The Line® Amex Presale & Reserved Tickets to some of your favourite concerts and theatre performances and special offers and events curated for Cardmembers with Amex Experiences™
Eligibility
Credit Score
GoodAnnual Income
N/A
Our choice for: Best for Sobeys, Safeway, and more*
on Scotiabank's website
Welcome Bonus
Earn up to $950 in welcome offers, first year rewards and savings value, and up to 50,000 bonus Scene+ points.
Annual Fee
$120
Interest Rates
21.99% / 22.99%
RECOMMENDED CREDIT SCORE
5/5
The Scotiabank Gold American Express® Card is one of our favorite cards. It has a very solid rewards program, earning one of the highest rewards among all credit cards in Canada. In addition, it offers comprehensive travel benefits, including the rare and valuable no foreign transaction fee benefit, making it a great and balanced credit card in terms of both rewards and benefits. The first-year annual fee waiver is the cherry on top, providing even greater value to cardholders.
Pros
- No foreign transaction fees
- Well-rounded rewards
- Shell Fuel Savings
- Comprehensive insurance
- Flexible redemptions
- Instant decision. No credit impact.
Cons
- Limited acceptance
- No lounge access
- Annual fee
Rewards
- Earn 6x Scene+ points on every $1 you spend at Sobeys, Safeway, Freshco, Foodland and more*
- Earn 5x Scene+ points for every $1 you spend on dining, food delivery and other eligible grocery stores. Includes popular food delivery and food subscriptions.*
- Earn 5x Scene+ points for every $1 you spend in Canada eligible entertainment purposes. Includes movies, theatre and ticket agencies stores.*
- Earn 3x Scene+ points for every $1 CAD you spend in Canada on eligible gas and daily transit options. Includes rideshares, buses, subway, taxis and more*
- Earn 3x Scene+ points for every $1 CAD you spend in Canada on eligible select streaming services*
- Plus earn 1 Scene+ point for every $1 spent on all other eligible everyday purchases
- Earn additional benefits + up to 4x Scene+ points for every dollar you spend on hotel bookings, car rentals, and things to do with Scene+ Travel, Powered by Expedia
- Rates, fees and other information are effective as of July 2, 2026. Subject to change.
Insurance
Coverage
Travel Medical Insurance (64 & under)
$1M, Up to 25 daysTravel Medical Insurance (65 to 75)
$1M, Up to 3 daysTrip Cancellation
$1,500/person, $10,000/tripTrip Interruption
$1,500/person, $10,000/tripLost or Stolen Baggage
$500/person, $1,000/tripBaggage Delay
$500/person, $1,000/trip After 4 hoursFlight Delay
$500/personCommon Carrier Travel Accident Insurance
$500K/person, $1M/occurrenceCar Rental Damage & Theft
$65K up to 48 daysHotel Burglary Insurance
$1,000/occurrenceMobile Device Insurance
$1,000Purchase Protection
90 daysExtended Warranty
Up to 1 year
Benefits
Details
No Foreign Transaction Fees
Avoid the 2.5% foreign transaction fees incurred when spending in non $CADGas Discount2
Get up to 12¢/L in value on fuel purchases at Shell stationsAmerican Express® Experiences
Concierge Services
Discount
Discount on PriorityPass Membership
Eligibility
Credit Score
GoodAnnual Income
$12,000 personal or $12,000 household
Our choice for: Best for Save On Foods and more*
on RBC's website
More Rewards is a loyalty program with over 700 participating locations primarily based in Western Canada is best suited for residents in this region. This product is not available to residents of Quebec.
Welcome Bonus
Get 20,000 bonus More Rewards points! [1]
Annual Fee
$0
Interest Rates
20.99% / 22.99%□
RECOMMENDED CREDIT SCORE
2.7/5
The More Rewards RBC Visa is a decent no annual fee entry card that can earn you More Rewards points really fast on all your purchases. Points are best used for travel, groceries or gift cards. If you frequently shop at More Rewards partner stores like Save-On-Foods, Urban Fare, etc. then you can rack up points really quickly and save a lot each year on groceries when you redeem your points.
Pros
- Impressive optimization
- No annual fee
- Generous welcome bonus
- Gas discounts
Cons
- Low point value
Rewards
- 5 points per $1 spent on qualifying purchases at over 700 participating More Rewards partner locations, including Save-On-Foods, Quality Foods, Buy-Low Foods, PriceSmart Foods, Urban Fare, Nester Market, Pure Pharmacy and more.
- 5 points per $1 spent on qualifying gas, EV charging and dining purchases
- 3 points per $1 spent on all other qualifying purchases
Insurance
Coverage
Mobile Device Insurance
$1,000Extended Warranty
1 yearPurchase Protection
90 days
Benefits
Details
Gas Discount
Save 3¢/L on fuel and earn 20% more Petro-Points when you pay with a linked RBC card
Eligibility
Credit Score
GoodAnnual Income
N/A
Our choice for: Best for Walmart
on BMO's website
Welcome Bonus
Get up to $650 in value*
Annual Fee
$139 $0
Interest Rates
21.99% / 23.99%□
RECOMMENDED CREDIT SCORE
4.1/5
If you're seeking a cashback credit card, the BMO CashBack® World Elite® Mastercard® stands out for its excellent balance between rewards and benefits. It offers a robust rewards program and a comprehensive benefits list, making it a solid choice. The high first-year value is enhanced by the annual fee waiver, and those with a BMO Premium Chequing Account can enjoy continued fee waivers. While it's highly ranked for rewards alone, it may not be the absolute top choice if benefits are less important to you.
Awards & Recognition
Best Roadside Assistance Card Credit Card
2026
Pros
- Impressive cashback rates
- Rare roadside assistance
- Comprehensive insurance and benefits
- High first-year value
Cons
- Lacks restaurant optimization
- Low monthly cashback caps
Rewards
- 5% cash back on groceries (capped at $500 spending per statement, maximum of $25 in cashback per statement cycle)*
- 4% cash back on daily transit (capped at $300 spending per statement, maximum of $12 in cashback per statement cycle)*
- 3% cash back on gas (capped at $300 spending per statement, maximum of $9 in cashback per statement cycle)*
- 2% cash back on recurring payments (capped at $500 spending per statement, maximum of $10 in cashback per statement cycle)*
- 1% cash back on all other eligible purchases*
Insurance
Coverage
Travel Medical Insurance (64 & under)
$5M up to 8 days per covered person*Common Carrier Travel Accident Insurance
$500,000Flight Delay
$500 After 4 hours delay*Lost or Stolen Baggage
$500/person, $1,000 maximum*Baggage Delay
$500/person, $1,000 maximum After 6 hours*Hotel Burglary Insurance
$1,000Car Rental Damage & Theft
$65K MSRP up to 48 days*Purchase Protection
90 daysExtended Warranty
1 year
Benefits
Details
Airport Lounge - Dragon Pass
Complimentary membership in Mastercard Travel Pass provided by DragonPass. As a member enjoy lounge access for a fee of just US$32 per person, per visit.*
Roadside Assistance
Complimentary Roadside Assistance Program*; Including battery boosts, flat-tire change, lockout service and towing – a $75/year value.*Car Rental Discount
Save up to 20% on National Car Rental® and Alamo Rent A Car® and up to 5% on Enterprise Rent-A-Car® at locations worldwide using the Car Rental Booking tool.*Discount
Enjoy six months of Instacart+ and a $10 monthly Instacart credit when you enroll your eligible BMO Credit Card.*
Eligibility
Credit Score
GoodAnnual Income
$80,000 personal or $150,000 household
Our choice for: Best for Costco
on Rogers Bank's website
Rogers, Fido, Shaw or Comwave customer?
Eligible customers unlock boosted rewards on this card
Welcome Bonus
Welcome Bonus varies
Annual Fee
$0
Interest Rates
21.99% - 25.99%* / 22.99% - 27.99%*
RECOMMENDED CREDIT SCORE
3.8/5
This card is one of our top-ranked options in terms of rewards, especially if you have 1 qualifying service with Rogers, Fido, Shaw or Comwave. With a qualifying service, you can effectively receive up to 2% cashback, which is competitive among other no-fee contenders. If you have a high income of $80K or a household income of $150K, you can apply for the World Elite® version of this card, which comes with additional insurance and benefits like a lounge pass.
Pros
- No annual fee
- Member boosting opportunities
- USD optimization
- Roam Like Home days
- Wide acceptance
Cons
- No insurance
- Low non-member rewards
- Annual spending caps
Rewards
- Earn 2% cash back on all eligible purchases if you have 1 qualifying service with Rogers, Fido, Shaw or Comwave. Otherwise, earn 1% cash back on eligible non-U.S. dollar purchases.
- Earn 2% cash back in all eligible purchases made in U.S. dollars.
Benefits
Details
Roam Like Home Days
Get 5 Roam Like Home days at no cost, every year, with an eligible Rogers mobile plan.
Eligibility
Credit Score
GoodAnnual Income
N/A
From our editors: The full list of Best Grocery Credit Cards in Canada For 2025
Best overall grocery credit card: MBNA Rewards World Elite Mastercard
The MBNA World Elite Mastercard stands out as one of the best credit cards in Canada overall, not just for groceries. It’s widely accepted at virtually all grocery stores, including those that often exclude certain networks and offers top-tier rewards thanks to Mastercard’s broad merchant coding, covering even retailers like Walmart Supercenters. These features make this card one of the best reward credt cards in Canada. With a generous cap on bonus rewards, cardholders can earn consistently without worrying about limits. Beyond groceries, it also delivers strong value through competitive earn rates in other categories, comprehensive insurance coverage, and even a birthday bonus, making it a well-rounded choice for maximizing everyday spending. Learn more in our MBNA Rewards World Elite Mastercard review.
Best for cashback: Neo World Elite Mastercard – Gas & Grocery
The Neo World Elite Mastercard – Gas & Grocery offers solid cashback on grocery purchases, with the potential for even higher returns when used at Neo’s partnered grocery retailers, such as Loblaws and the Real Canadian Superstore. This additional cashback is layered on top of initial rates. The rewards are so good they make this card one of the best cashback credit cards in Canada. While the card comes with an annual fee and notable income requirements, it could be a worthwhile option for those who shop frequently at partner stores and are willing to leverage Neo’s banking ecosystem to maximize their grocery rewards. Learn more in our Neo World Elite Mastercard – Gas & Grocery review.
Best for cashback specifically on groceries: Scotia Momentum Visa Infinite + Card
The Scotia Momentum Visa Infinite + Card is best for cashback specifically on groceries, offering strong returns at major retailers like Loblaws and the Real Canadian Superstore, thanks to Visa’s recognition of these stores as eligible grocery merchants. While it doesn’t include bonus opportunities through partnered boosts like the Neo World Elite Mastercard – Gas & Grocery, it still delivers nearly comparable cashback on grocery purchases. With a lower annual fee that’s waived in the first year and more accessible income requirements, it’s a compelling choice for those focused on maximizing grocery rewards without needing to meet premium eligibility criteria. Learn more in our Scotia Momentum Visa Infinite + Card review.
Best for Loblaws related stores: PC World Elite Mastercard
If you prefer earning points over cashback and frequently shop at Loblaws-owned stores, the PC World Elite Mastercard is a top no-fee option. It lets you earn PC Financial points at a wide range of grocery chains like No Frills, Real Canadian Superstore, Fortinos, and more, and also rewards purchases at Shoppers Drug Mart, ESSO, Mobil, and PC Travel, making it a versatile everyday and travel-friendly card. Despite having no annual fee, it carries income requirements similar to premium cards like the Neo World Elite Mastercard – Gas & Grocery. Still, for those who qualify, it’s a strong budget-friendly alternative for grocery rewards, especially within the Loblaws ecosystem.
Best for earning points for traveling: American Express Cobalt® Card
The American Express Cobalt Card is one of the best credit cards in Canada, thanks to its high points-earning potential on groceries and everyday spending like dining, gas, and transit. While it’s not accepted at Loblaws, Costco, or Walmart, it shines at eligible grocers and offers excellent value through the Membership Rewards program. It’s also one of the best cards for earning travel points, with flexible redemptions that make it easy to turn daily purchases into travel rewards. Learn more in our American Express Cobalt Card review.
Best for Sobeys, Safeway, and more: Scotiabank Gold American Express® Card
The Scotiabank Gold American Express Card is a strong option for Sobeys shoppers who want to earn generous Scene+ points on groceries at stores like Sobeys, Safeway, Freshco, and Foodland. It also offers solid rewards at non-partner grocery stores and allows points to be redeemed for future grocery purchases or entertainment. With a lower annual fee and modest income requirements, it’s an accessible and rewarding choice for those who frequently shop at Sobeys-owned chains and want to turn their spending into everyday value. Learn more in our Scotiabank Gold American Express Card review.
Best for Save On Foods and more: More Rewards RBC Visa
The More Rewards RBC Visa Card is a no-fee, no-income-requirement grocery credit card tailored for shoppers who frequent More Rewards partner grocers like Save On Foods, Buy-Low Foods, Quality Foods, Nesters Market, Urban Fare, and PriceSmart Foods. It offers strong points per dollar on grocery purchases at these stores, along with bonus rewards on gas, EV charging, and dining. Cardholders also benefit from standard purchase protection, extended warranty, and mobile device insurance. Plus, linking the card to Petro-Canada rewards unlocks additional gas discounts and Petro-Points, making it a well-rounded and budget-friendly choice for regional grocery shoppers.
Best for Walmart: BMO CashBack® World Elite® Mastercard®
The BMO Cashback World Elite Mastercard is a strong choice for Walmart grocery shoppers, offering competitive cashback on grocery purchases and a valuable welcome bonus that boosts your earnings in the first few months. It also includes bonus rewards in other everyday spending categories and provides standard benefits like extended warranty and travel insurance. With a slightly lower annual fee that’s waived in the first year and high cashback potential from the start, this card is a budget-friendly option for those looking to maximize grocery rewards at Walmart without ongoing partner programs or extra conditions. Learn more in our BMO CashBack World Elite Mastercard review.
Best for Costco: Rogers Red Mastercard®
Costco is one of the trickiest grocery retailers to earn rewards at, as it’s often classified as a department store, even when using Mastercard, the only credit card accepted at its warehouses. However, the Rogers Red Mastercard offers a clever workaround. While it doesn’t have a dedicated grocery category, it provides a high base cashback rate on all purchases, which applies to Costco grocery transactions. This makes it one of the most budget-friendly and effective options for earning strong rewards at Costco. If you’re looking to maximize your grocery spend at Costco without jumping through hoops, this card is a smart choice. Note, however, that there is an annual spending cap on optimal earnings. Learn more in our Rogers Red Mastercard review.
How we picked these cards
Many factors were considered when choosing the best grocery credit cards. The biggest factor was the amount of cashback or points earned on grocery-related purchases minus the annual fees that come with the cards. The next biggest factor was acceptability, as some networks are accepted more throughout grocery stores in Canada. And lastly, for those who regularly buy groceries at a specific chain, cards that earn the most at those specific chains are recommended.
Frequently Asked Questions
Grocery-optimizing credit cards are a great way to earn money back or rewards towards other expenses simply for purchasing your daily necessities.
Since groceries are one of the most common (and these days some of the most expensive) purchases we make on a day-to-day basis, why wouldn’t we want some extra cash or points in return?
In the long run, using a grocery credit card allows you to earn, save, and optimize money.
Many credit cards will either highlight partnered grocers in their rewards program or simply mention “grocery purchases” as a specialized earn category.
Most of the time, you can refer to your credit card network’s merchant category codes to determine which retailers are considered grocery stores under your card. The Canadian merchant code for grocery stores and supermarkets in Canada is 5411.
There are also certain stores where only some credit cards count purchases as grocery purchases. Two popular gray-area-grocery examples are Walmart and Costco. Only Mastercard recognizes Walmart as a grocery store rather than a department store. As for Costco, while Costco warehouses only accept Mastercards, Mastercard likely won’t recognize Costco purchases as grocery purchases. So, you’ll have to use a high base-rate-earning Mastercard to optimize your Costco groceries like the Rogers Red World Elite Mastercard.
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About the author
Sara Skodak
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Since graduating from the University of Western Ontario, Sara has built a diverse writing portfolio, covering topics in the travel, business, and wellness sectors. As a self-started freelance content ...
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