hey guys it's Adrian here the Canadian in a T-shirt and today I'll be breaking down the
best credit cards in Canada for groceries we've all seen the rising cost of groceries across the
board due to inflation and there's not much we can do but these credit cards offer four
percent cash back or higher at grocery stores that will give you a four percent discount off
your entire grocery bill just by using these cards as opposed to cash or debit plus you'll
be building your credit score along the way like most Canadians groceries are one of my biggest
expenses so racking up four percent cash back gives me hundreds or thousands of dollars every
single year before we jump in these are premium cards so they all come with an annual fee of 120
but if you spend enough the cashback will more than make up for it and all except One require
a high income and strong credit score if you're not there yet check out my entry level credit card
video for some no fee options in this video I'll only include credit cards that offer High cash
back at all grocery stores not just sobies or just Loblaws and unfortunately Costco is not considered
a grocery store when it comes to Walmart Visa and American Express don't classify them as groceries
but some MasterCards might I'll come back to this later so let's jump in starting at the top is the
Scotiabank Momentum VISA infinite this is the oldest car that I own and it's the card that I
personally use every time I go to the grocery store here's why this card offers four percent
cashback on groceries and recurring bill payments I hook up whatever monthly bill payments I can
to this card to get that four percent cash back that includes my cell phone internet Netflix car
insurance utilities and subscriptions groceries and monthly bills are my biggest expenses so
this card is perfect for me in fact I earn about a thousand dollars every year in a cashback so it's
well worth the annual fee this card also offers two percent cash back on gasoline and Transit
that includes ride shares like Uber and public transit everything else gets one percent the
main use for this card is four percent at grocery stores and recurring bills but like other cars on
this list this four percent rate is capped at an annual spend of twenty five thousand dollars
so if you spend more than 25k on groceries your cashback drops to one percent for the rest of the
year but don't worry twenty five thousand a year is over two thousand a month on groceries so you
probably won't exceed that and here's a cool hack this four percent cashback rate applies on any
purchase you make in a grocery store even things like Electronics or gift cards so if I want to buy
something on Amazon I go to my grocery store and buy an Amazon gift card with my Scotia Visa that
gift card counts as a grocery purchase so in the end I get four percent cash back at Amazon I do
this gift card trick whenever I buy things online with Amazon Apple store or Xbox Live but it works
for any gift card and this hack will work with any credit card on this list this card does come with
an annual fee of 120 dollars but the cashback more than makes up for it if you spend on groceries and
bills if you spend at least three thousand a year or 250 a month the card already pays for
itself and if you use my referral link down below you get to waive that fee for the first year even
better they'll give you 10 promotional cash back on every purchase for the first three months or
the first two thousand dollars you spend that's a total sign up bonus worth three hundred and
twenty dollars so make sure you use my link below like all Visa infinite cards it requires a strong
credit score and an income of sixty thousand or a household income of a hundred thousand before you
apply to any of these cards it's very important to know your credit score I include links below
to sign up with borowell and Credit Karma which are totally free and I use them both to check my
credit score every week that way I know I'll get approved with no surprises and check out
one of my most popular videos how to improve your credit score in seven steps with the scholarship
Visa your cashback is paid out to you once a year and in November this card comes with a great list
of benefits like insurance for car rentals flight delays cancellations and emergency travel medical
insurance but here's a really cool one free mobile device insurance if you buy a new phone using this
card you'll be covered up to a thousand dollars if your phone is lost damaged or stolen this is
my second favorite credit card in Canada I love it and if you want to sign up click my referral link
below to get that 320 signup bonus my favorite credit card of all time is the American Express
simply cash Preferred Card this is the old design that I have but now it looks like this this was
already my top card but back in October they made some big changes and made it even better this card
now offers four percent cashback on groceries and gasoline so if you drive a lot and spend a lot of
gas this is a great choice for you but here is where the AmEx truly shines all other expenses
get two percent this is the best flat rate in Canada and it's been the best for a decade this
card is so simple no guessing required gas and groceries get four percent and everything else
earns you two percent cash back I use this card more than any other sure I use my simply visa for
restaurants and there's a few more specific categories check out this video here on the
seven credit cards I carry every day but for all General purchases I use my AmEx it's a two percent
discount on everything I buy especially for big items like Furniture electronics and travel the
four percent rate on gas and groceries has a yearly cap of thirty thousand dollars that's
the most generous limit on this list if you spend more than 30k on groceries your cashback drops
to the standard two percent so still pretty good this Amex comes with a monthly fee of 9.99 or 120
a year personally I like spreading this out every month rather than a large one-time fee it's easier
to manage if you spend at least six thousand dollars a year on General purchases the two
percent cashback pays for itself plus groceries and gas will earn you double at four percent so
even more value this is is the only card here that doesn't have an income requirement so if you're
making less than 60k you probably have a better chance with this card but you still need a solid
credit score and the cashback is paid out once a year in September this is one of the few cards in
Canada that offers a referral program every time you refer this card to a friend you'll receive
50 in cashback up to 750 a year it's a great way to boost your cashback even further you get free
money and your friend gets an awesome signup bonus if you use my referral link below you'll receive
a 40 credit every month for 10 months if you spend at least 750 that's on top of the regular cashback
you earn it's a sign up bonus of 400 for you and fifty dollars for me so use my link below the
AmEx gives the same great insurance as the Scotia infinite like travel insurance and mobile device
protection but a really cool feature is front of the line access with Ticketmaster this allows you
to buy tickets for concerts and sporting events three to five days before they go on sale built
to the general public I use my American Express every time I go to a concert to avoid being sold
out but here's an important Point not all vendors in Canada accept American Express especially the
smaller shops most grocery stores will accept it like Sobe's Whole Foods Metro and Food Basics
but no frills and Loblaws do not accept Amex for those stores use Visa or Mastercard next
up we have the [ __ ] cashback World Elite MasterCard it packs a mighty punch but it
does come with some annoying limitations let's start with the good news the [ __ ] card offers
a whopping five percent cash back on groceries this is the highest cashback rate for grocery
stores in Canada it also offers four percent on Transit that's Uber taxis and public transit
three percent on gas and electric vehicle charging two percent on recurring bills and one percent on
everything else that's fantastic especially that five percent rate on groceries but here's the
catch it's limited to own only 500 a month make sure you read the fine print remember the Scotia
Visa it gave you four percent on groceries until you spent twenty five thousand dollars a year or
about two thousand a month that's a high ceiling but the [ __ ] is far more limited sure you earn
five percent cash back on groceries but only up to five hundred dollars a month above that and your
cashback drops to one percent I live by myself and even so there are months when I exceed 500
a month on groceries if you have a family and kids 500 a month won't cut it if you can stay
within that monthly limit this is a fantastic card but for me I chose the Scotia and Amex but
this is a MasterCard so it's the only one on this list that's accepted at Costco however Costco is
not a grocery store so you only get one percent cash back MasterCard might classify Walmart as
a grocery store depending on your location and only if it's a Walmart Supercenter if that's the
case then this card will get you five percent cash back at Walmart which is awesome again it's only
for the first 500 spent each month but something to consider just like the Scotia Visa the [ __ ]
MasterCard has a 120 annual fee and it's waived for the first year as a signup bonus they offer
a promotional rate of 10 cashback for three months or 2600 spent along with the first year
free that's a 380 sign up bonus not bad at all and here's a cool feature instead of waiting a
whole year to receive your cash back with [ __ ] you can redeem it anytime that extra flexibility
is pretty great but sadly this card is harder to qualify for it's a World Elite MasterCard even
more premium than the Visa infinites so you'll need a great credit score and a salary of 80
000 or a household income of a hundred and fifty thousand in terms of benefits it offers similar
travel insurance to the others on this list on top of that it offers free roadside assistance similar
to CAA at number four we have the CIBC dividend Visa infinite card it's another Visa infinite
so it has similar benefits and requirements as the Scotia infinite but it focuses on gasoline
rather than monthly bills so it overlaps with the American Express this card offers four percent
cashback on groceries and gasoline and electric vehicle charging it also offers two percent of
restaurants Transit and recurring bills then one percent everything else the main draw of this
card is the four percent cashback on gasoline and groceries but I already get that from the AmEx and
for restaurants I go with the no fee simply Visa that gives me four percent cashback on
restaurants and it's totally free I'll include a link below and check out this video to learn more
about the simply Visa don't get me wrong the CIBC is a fantastic card especially if you drive a lot
but for me I get more value with the Scotia and Amex combination this four percent cashback is
capped at an annual spend of twenty thousand dollars or about 1700 a month above that and
your cashback drops to one percent so the spending limit is lower than the AmEx and Scotia but still
three times higher higher than the [ __ ] and if you buy gas at Chevron Ultramar or Pioneer
Gas Stations you can save up to 10 cents per liter if you use this card and Link it to
the journey Rewards program that's four percent cashback plus 10 cents per liter on gas that can
definitely add up like most cards on the list the CIBC comes with a 120 annual fee but it's waived
for the first year as a signup bonus they offer a promotional rate of 10 cashback for 4 months or
two thousand dollars spent in total that's a 320 sign up bonus like the [ __ ] card you don't have
to wait a year to receive your cash back you can redeem it anytime as long as you have 25 or more
as a Visa infinite it has the same requirements as Scotia 60k income or 100K household income
and it has similar insurance benefits like travel car rental and mobile device protection so those
are the best credit cards for groceries let's take a look at this table to summarize and see
which card works best for you I won't give all the details I'll just focus on the differences
all these cards have an annual fee of 120 and they all pay at least four percent cash back on
groceries the Scotia infinite Visa also pays four percent on monthly bills and it has the
highest monthly spending limit along with the AmEx this card is great if you spend a lot on
monthly recurring bills the American Express gives you four percent cash back on gasoline
and two percent on everything you can refer a friend to earn extra money and you can buy concert
tickets a few days early this card is great to buy gasoline groceries and everything else the [ __ ]
World Elite MasterCard gives you five percent on groceries up to 500 a month four percent
on Transit up to 300 a month and three percent on gasoline spending up to 300 a month you can redeem
this cash back anytime and you get free roadside assistance this card is great for groceries if you
spend less than 500 every month the CIBC dividend Visa infinite gives you four percent on gasoline
you can redeem this cash back anytime and you can save up to 10 cents per liter at the following gas
stations this card is best if you spend a lot on gasoline so there you have it those are the best
cashback credit cards in Canada for groceries make sure you watch my Canadian credit card guide the
videos with the orange thumbnails and be sure to like comment and subscribe if you found this video
helpful I'll include links below to follow me on Instagram and Blossom at Canadian t-shirt thanks
everyone and I'll see you guys on the next episode of the Canadian in the T-shirt bye guys