The best store credit cards in Canada right now


Creatures of habit, rejoice! Your loyal shopping behaviours may just pay off, big time. If you shop regularly at certain retailers, using a store credit card can help you to earn discounts, free goods and exclusive perks by swiping or tapping for everyday purchases. Spending with a store credit card can even give you VIP access to sales. And if you already collect loyalty points, they’ll likely accumulate even quicker with a store credit card. Considering that these cards typically have no annual fee, the reasons to switch are racking up quicker than your pumpkin spice latte charges. Read on to see which are the best store credit cards in Canada for making your daily spending work for you.

Best store credit cards in Canada

Attention foodies

PC Financial World Elite Mastercard*

This credit card brings something more to the table–get it? Arguably the best no fee card credit for groceries in Canada, the PC Financial World Elite Mastercard earns you PC Optimum Points faster when you shop at any of the Loblaws banner stores (No Frills, Superstore, Fortinos, etc.), Shoppers Drug Mart and when you fill up at Esso and Mobil gas stations. 

  • Annual fee: $0
  • Welcome bonus: None
  • Earn rate: 30 points per $1 at Loblaws stores, PC Travel and Esso; 45 points per dollar at Shoppers Drug Mart; 10 points per dollar everywhere else
  • Additional benefits: Travel emergency medical insurance and car rental collision or damage insurance
  • Income requirement: $80,000 or $150,000 as a household

Get more about details about the PC Financial World Elite Mastercard*

How it works

You rack up the equivalent of 4.5% cash back in PC Optimum Points at Shoppers Drug Mart and 3% on groceries from Loblaws banner stores. You’ll also earn 30 Optimum Points per litre of gas at Esso and Mobil stations—making it one of the best retailer credit cards for gas on the market—and 1% in PC  points everywhere else you swipe the card.

The loyalty system is easy to understand: 10,000 PC Optimum Points is equivalent to $10 redeemable in merchandise (or in other words, 10 points = $0.01 or 1%).

You can redeem your points at almost 2,500 participating retail locations including Loblaws banner stores and Shoppers Drug Mart/Pharmaprix locations. As soon as you reach over 10,000 points, you present your card at the register and the respective discount is deducted from your bill instantly. 


This card doesn’t have an annual fee, and it offers free travel emergency medical insurance for up to $1 million for trips of 10 days or less. It also comes with car rental insurance, purchase assurance in case of theft, loss or damage after you buy an item with your card and extended warranty on certain items purchased with the card. It also has a free 24/7 concierge service for dinner reservations, event tickets, gift delivery and more. You can also stack any PC Optimum points you regularly earn on the credit card with personalized offers from the PC Optimum app, in-store points offers or flyers. 


Purchases on certain items, like gift cards, tobacco, lottery tickets and prescriptions at stores, don’t earn you PC Optimum Points. Also, while you can earn points at Esso and Mobil gas stations, you cannot redeem points for free gas. 

To qualify for the PC Financial World Elite Mastercard, you need a minimum annual income of $80,000 or $150,000 as a household. However, if you don’t meet that requirement, you will automatically be considered for the PC Financial World or entry-level PC Financial Mastercard with lesser income and still earn PC Points on everyday spending.

PC Financial World Elite PC Financial World PC Mastercard
Annual fee $0 $0 $0
Shoppers Drug Mart 4.5% 3.5% 2.5%
Loblaws groceries 3% 2% 1%
Esso & Mobil 3% 3% 3%
PC Travel 3% 2% 2%
Everything else 1% 1% 1%
Income requirement $80k or $150k/household $60k or $100k/household None specified

Get more details about PC Financial credit cards*

Another thing for multitaskers

Triangle Mastercard from Canadian Tire*

If you spend a lot on items for your home, car, sports equipment and more, you could collect Canadian Tire Money with those purchases. This card rewards you with CT Money while shopping at Canadian Tire and eligible stores. It’s worth noting that Canadian Tire Money has changed: it’s not the fun, Monopoly-style paper bills of an era gone by; CT Money racks up electronically now.

  • Annual fee: $0
  • Welcome offer: Earn 15% in CT Money at affiliated stores (Canadian Tire, Sport Chek, Atmosphere and more)
  • Earn rate: 4% in CT Money at affiliated stores, $0.05 per litre at Gas+ and participating Husky gas stations
  • Rewards on everything else: 1.5% on the first $12,000 spent on groceries per calendar year (excluding Costco and Walmart); 0.5% on everything else
  • Income requirement: None specified
  • Additional benefits: No-fee financing on qualifying purchases of $150 or more at affiliated retailers, no-receipt returns, personalized offers and member-only events 

Get more details about the Triangle Mastercard*

How it works

The Triangle Mastercard lets you rack up the equivalent of 4% cash back in CT Money when you spend at Canadian Tire, Sport Chek, Atmosphere, Hockey Experts, Sports Rousseau, L’Entrepôt du Hockey, Mark’s/L’Équipeur, Party City and participating and Sports Experts stores. You also earn $0.05 per litre of gas when you fill up at Gas+ and Husky stations. And don’t forget, Canadian Tire offers auto services, so collecting (or redeeming) CT Money could be a silver lining to your next flat tire or oil change.

In terms of rewards systems, it couldn’t be simpler: $1 in Canadian Tire Money is equivalent to one redeemable dollar on Canadian Tire, Sport Chek, Atmosphere, Sports Rousseau, Hockey Experts, L’Entrepôt du Hockey and participating Mark’s/L’Équipeur and Sports Experts stores. You can use your CT Money by presenting your credit card to the cashier. 


The Triangle Mastercard boasts no annual fee and also offers a no-receipt return policy at participating stores and exclusive savings events for members. 

You can also take advantage of their no-fee, no-interest financing program on bigger purchases at Canadian Tire (and the aforementioned stores). Basically, when you spend $150 or more, you can split it into 24 equal monthly payments, as long as you pay your minimum balance due each month. It’s like layaway 2.0.


The reward points are only applied to the price of the purchased items, meaning the 4% you’ll earn on purchases at Canadian Tire doesn’t include sales tax.

For the online shopper Rewards Mastercard

If going out to the mall isn’t your thing right now (totally understandable), the Rewards Mastercard could be perfect for you. It lets you earn points to use towards discounts on your Amazon purchases (as well as for shopping at Whole Foods, grocery stores and restaurants).

  • Annual fee: $0
  • Earn rate on Amazon and Whole foods: 2.5% for Prime members and 1.5%  for non-Prime Members
  • Earn Rate on everything else: 1% on Canadian purchases and 2.5% on eligible foreign currency transactions to help cover foreign exchange fees
  • Income requirement: None specified

How it works

Amazon Prime members get 2.5% in Amazon Points on purchases at and Whole Foods Market stores. If you’re not a Prime member, you get 1.5% on eligible purchases at and Whole Foods stores. You also get 1% on eligible purchases elsewhere. 

The system is simple: Rewards are automatically loaded into your Amazon account once you’ve earned 2,000 points (equivalent to $20). You can then use those points to redeem for Amazon gift cards.


This card has no annual fee and also offers a great welcome bonus: You get 5% back at, Whole Foods Stores, grocery stores and restaurants for six months after approval or on the first $3,000 in eligible purchases, maxing out at $150 in rewards.

Cardholders also get 2.5% back on eligible foreign currency transactions, which helps to cover foreign transaction fees. If you’re not a Prime member, you get 1% back on foreign currency transactions.


Compared to cards with a large network of stores, this is really only worth it if you’re a dyed-in-the-wool Amazon shopper. Plus, the Prime membership isn’t complimentary—it’s $79 a year.

Attention frugal shoppers

Walmart Rewards World Mastercard

Walmart Rewards World MastercardIf you love a good deal, you’re probably no stranger to the aisles of Walmart. Here’s how the Walmart Rewards World Mastercard can make those (already rolled-back) dollars go further for you.

How it works

You’ll earn a hefty 3% when shopping online at and 1.25% when shopping in-store at their brick-and-mortar locations. You’ll also get 1.25% when you fill up at any gas station (a definite plus if it’s not always feasible to gas up at the same chain). You’ll also earn 1% on purchases anywhere else.


This card starts paying off right away. You can start redeeming when you collect as little as $5 in rewards. It’s also very simple: $1 Walmart Dollar = $1 in discounts.


This is another card you have to meet a minimum income requirement for ($100,000 annually as a household). If you don’t make the cut, you could still qualify for the entry-level Walmart Rewards Mastercard, but before you apply consider there are some better reward credit cards to use at Walmart

At 3%, the Walmart Rewards World Mastercard also works best if you do a lot of online shopping at But if you prefer to shop in-person, again, there are better cards available that earn more rewards when spending at brick-and-mortar Walmart locations like the American Express SimplyCash Preferred or TD First Class Visa Infinite

Walmart World Mastercard Walmart Mastercard
Annual fee $0 $0 3% 1.25%
Walmart stores 1.25% 1.25%
Gas 1.25% 1%
Everywhere else 1% 1%
Income required $100,000/household None specified
APR 19.89% 19.89%

Ready for the drivers seat

Scotiabank GM Visa Infinite

Walmart Rewards World MastercardWhile this isn’t technically a “store” credit card, the Scotiabank GM Visa Infinite credit card receives honourable mention, as it can help you save considerably if you’re shopping around for a new car from Chevrolet, Buick, GMC or Cadillac.

  • Annual fee: $79 
  • Welcome offer: Annual fee is waived 
  • Earn rate: Earn up to 5% in GM Earnings on your first $10,000 spent on everyday purchases; 2% in GM Earnings; $1 in GM Earnings = $1 off the price or lease payment of a new Chevrolet, Buick, GMC or Cadillac vehicle
  • Income requirement: $60,000 or $100,000 household
  • Additional benefits: Travel medical and trip interruption insurance and rental car insurance and discounts

How it works

You’ll earn 5% in GM Earnings on the first $10,000 in annual credit card purchases, and 2% thereafter.  The gist: $1 in GM Earnings is the equivalent of $1 off the purchase price or lease payments for any of the car brands listed above. 


This card offers comprehensive travel insurance, including medical, trip interruption and rental car insurance, to name a few.


Unlike the other cards mentioned in this article, this does have an annual fee of $79, but it is waived for the first year.

The post The best store credit cards in Canada right now appeared first on MoneySense.


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