Feeling disgruntled with Loblaws stores? If you have a PC Mastercard, it may be a product you're considering moving on from.
These cards are terrific companions for the frequent Loblaws shopper. But if you're cutting back or cutting out Loblaws and cancelling PC Mastercard, there are plenty of credit cards that offer bonus rewards on your shopping. Some have an annual fee – but in exchange you’ll get high rewards anywhere, not just at Loblaws stores.
We're going to break our list into two sections – cash back and travel/flex rewards – incorporating a couple of no fee cards in our top 5 lists. And as a bonus, many of them are offering GeniusCash.
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Best cash back credit cards for groceries
We'll start with the cash back cards, offering simple rewards where you'll get a statement credit on your bill.
| Credit card | Welcome bonus | Earn rates | Annual fee & income Requirements | Apply now |
|---|---|---|---|---|
| Scotia Momentum Visa Infinite Card |  $20 GeniusCash + 10% cash back for the first 3 months, first year free (terms) | * 4% cash back on groceries and recurring bill payments * 2% cash back on gas and transit * 1% cash back on all other purchases | * $120 * $60K personal/$100K household | Apply now |
| BMO CashBack World Elite Mastercard | $125 GeniusCash + Up to $480 cash back in the first year, first year free (terms) | * 5% cash back on groceries, up to $500 in monthly spend * 4% cash back on transit, up to $300 in monthly spend * 3% cash back on gas, up to $300 in monthly spend * 2% cash back on recurring bills, up to $500 in monthly spend * 1% cash back on all other purchases | * $120 * $80K personal/$150K household | Apply now |
| SimplyCash Preferred Card from American Express | 10% cash back for the first 3 months + $50 (terms) | * 4% cash back on gas and groceries * 2% cash back on all other purchases | * $119.88 * None | Apply now |
| Tangerine Money-Back Credit Card | $140 GC Boost + 10% extra cash back for the first 2 months (terms) | * 2% cash back on purchases in up to 3 Money-Back Categories * 0.5% cash back on all other purchases | * $0 * $12K personal | Apply now |
| BMO CashBack Mastercard | $20 GeniusCash + 5% cash back for the first 3 months (terms) | * 3% cash back on groceries (up to $500 per month) * 1% cash back on recurring bill payments (up to $500 per month) * 0.5% cash back on all other purchases | * $0 * $15K personal | Apply now |
1. Scotia Momentum Visa Infinite Card
The Scotia Momentum Visa Infinite Card will not only earn you plenty of cash back on groceries, but also your recurring household bills. Here's what this card will get you:
- 4% cash back on groceries and recurring bill payments
- 2% cash back on gas and transit
- 1% cash back on all other purchases
You'll receive your cash back paid as a statement credit once per year. It also includes 11 types of insurance for a $120 annual fee.
×2 Award winner 
GC: $20
2x Award winner 2. BMO CashBack World Elite Mastercard
The BMO CashBack World Elite Mastercard offers a variety of earn rates, one of which is groceries:
- 5% cash back on groceries, up to $500 in monthly spend
- 4% cash back on transit, up to $300 in monthly spend
- 3% cash back on gas, up to $300 in monthly spend
- 2% cash back on recurring bills, up to $500 in monthly spend
- 1% cash back on all other purchases
Note the monthly caps on each category. If you regularly spend more than these caps, this may not be the card for you.
The BMO CashBack World Elite Mastercard also offers roadside assistance – a very rare credit card perk – and includes 13 types of insurance for a $120 annual fee.
×1 Award winner GC: $125
1x Award winner 3. SimplyCash Preferred Card from American Express
Amex is well known for its travel cards but its cash back cards aren’t slouches, either. The SimplyCash Preferred Card from American Express offers plenty of cash back on your grocery and gas purchases:
- 4% cash back on gas and groceries
- 2% cash back on all other purchases
It includes your typical Amex benefits and 10 types of insurance for $119.88 per year.
4. Tangerine Money-Back Credit Card
In the no fee department, the Tangerine Money-Back Credit Card is an excellent card for groceries. With a Tangerine Mastercard, you get to choose which categories earn you 2% back from a list of 10 options:
You’ll be able to pick two if you apply them as a monthly statement credit and three if you send them to a Tangerine Savings account. You'll earn 0.5% back on all other purchases.
×2 Award winner GC: $120 + $20
2x Award winner 5. BMO CashBack Mastercard
The BMO CashBack Mastercard offers an excellent rate on groceries, even if it does have a monthly cap. Here's what this card will get you:
- 3% cash back on groceries (up to $500 per month)
- 1% cash back on recurring bill payments (up to $500 per month)
- 0.5% cash back on all other purchases
Other top cash back credit cards for groceries
The list of amazing cash back cards for grocery purchases doesn't end there. Here are a few more you can look at.
×1 Award winner Join and earn up to $400 in value including a first-year annual fee rebate.†
1x Award winner Join and earn up to $400 in value including a first-year annual fee rebate.†
GC: $100
Best travel credit cards for groceries
We now turn our attention to the travel credit cards that will reward you plenty on grocery purchases.
| Credit card | Welcome bonus | Earn rates | Annual fee & income requirements | Apply now |
|---|---|---|---|---|
| American Express Cobalt Card | Up to 15,000 bonus points (terms) | * 5 points per $1 spent on eligible groceries and restaurants (up to $2,500 spent per month) * 3 points per $1 spent on eligible streaming services * 2 points per $1 spent on eligible gas, transit, and ride share purchases * 1 point per $1 spent on foreign currency purchases * 1 point per $1 spent on all other purchases | * $191.88 * None | Apply now |
| Scotiabank Gold American Express Card | $100 GeniusCash + Up to 45,000 bonus points, first year free (terms) | * 6 Scene+ points per $1 spent at Sobeys, Safeway, FreshCo and more * 5 Scene+ points per $1 spent on groceries, dining, and entertainment * 3 Scene+ points per $1 spent on gas, select streaming services, and transit * 1 Scene+ point per $1 spent on foreign currency purchases * 1 Scene+ point per $1 spent on all other purchases | * $120 * $12K personal | Apply now |
| MBNA Rewards World Elite Mastercard | $20 GeniusCash + 30,000 bonus points (terms) | * 5 points for every $1 spent on restaurants, groceries, and select recurring bills (up to $50,000 spent annually per category) * 1 point per $1 spent on all other purchases | * $120 * $80K personal/$150K household | Apply now |
| Scotiabank American Express Card | 5,000 bonus points (terms) | * 3 Scene+ points per $1 spent at Sobeys, Safeway, FreshCo and more * 2 Scene+ points per $1 spent on grocery, dining and entertainment, gas, daily transit, and select streaming services * 1 Scene+ point per $1 spent on all other purchases | * $0 * $12K personal | Apply now |
| MBNA Rewards Platinum Plus Mastercard | 10,000 bonus points (terms) | * 2 points for every $1 spent on restaurants, groceries, and select recurring bills (up to $10,000 spent annually per category) * 1 point per $1 spent on all other purchases | * $0 * None | Apply now |
1. American Express Cobalt Card
The American Express Cobalt Card is our top-rated credit card when it comes to grocery shopping. An Amex Membership Rewards card, here's what it earns:
- 5 points per $1 spent on eligible groceries and restaurants (up to $2,500 spent per month)
- 3 points per $1 spent on eligible streaming services
- 2 points per $1 spent on eligible gas, transit, and ride share purchases
- 1 point per $1 spent on foreign currency purchases
- 1 point per $1 spent on all other purchases
That's a lot of points – made even better by the fact they're worth up to 2 cents each.
There are four ways to get max value for them:
- Transfer to Aeroplan: 2 cents per point
- Fixed Points Travel Program: 1.75 cents per point
- Transfer to Marriott Bonvoy: 1.164 cents per point
- Redeem towards any purchase: 1
These points can give you an incredible return of up to 10% on your purchases for an annual fee of $191.88.
2. Scotiabank Gold American Express Card
If you frequent Sobeys and Safeway stores, the Scotiabank Gold American Express Card will earn you Scene+ points on your purchases.
- 6 Scene+ points per $1 spent at Sobeys, Safeway, FreshCo and more
- 5 Scene+ points per $1 spent on groceries, dining, and entertainment
- 3 Scene+ points per $1 spent on gas, select streaming services, and transit
- 1 Scene+ point per $1 spent on foreign currency purchases
- 1 Scene+ point per $1 spent on all other purchases
Your Scene+ points are worth 1 cent each when redeemed at Sobeys, Safeway, Home Hardware, Cineplex, or on travel, giving you a return of 6% at Sobeys and 5% on all your other groceries.
It also charges no foreign exchange fees and includes 12 types of insurance for a $Scotiabank Gold American Express Card annual fee.
×3 Award winner GC: $100
3x Award winner 3. MBNA Rewards World Elite Mastercard
The MBNA Rewards World Elite Mastercard actually fits into both of our lists – it’s a top cash back credit card and offers even more when you redeem your rewards for travel or e-gift cards.
Here's what it earns:
- 5 points for every $1 spent on restaurants, groceries, and select recurring bills (up to $50,000 spent annually per category)
- 1 point per $1 spent on all other purchases
The best value for your MBNA Rewards points is redeeming for travel or e-gift cards, where they're worth 1 cent each. That gives you a return of 5% on your groceries.
Or you can redeem them for cash, where they're worth 0.83 cents each, giving a return of 4.15% on groceries.
You can toss in 12 types of insurance for a $120 annual fee.
×7 Award winner GC: $20
7x Award winner 4. Scotiabank American Express Card
Moving on to the no fee cards, we'll start with the Scotiabank American Express Card. Another Scene+ card that's terrific at Sobeys and Safeway, you'll earn:
- 3 Scene+ points per $1 spent at Sobeys, Safeway, FreshCo and more
- 2 Scene+ points per $1 spent on grocery, dining and entertainment, gas, daily transit, and select streaming services
- 1 Scene+ point per $1 spent on all other purchases
That gives you 3% back at Sobeys and 2% on all your other groceries.
5. MBNA Rewards Platinum Plus Mastercard
MBNA's no fee MBNA Rewards Platinum Plus Mastercard is also excellent when it comes to rewards on grocery purchases. This card offers you:
- 2 points for every $1 spent on restaurants, groceries, and select recurring bills (up to $10,000 spent annually per category)
- 1 point per $1 spent on all other purchases
LIke it's big brother above, you can use your points for travel and e-gift cards for a value of 1 cent per point – but the cash value is much lower at 0.5 cents per point.
Other top travel credit cards for groceries
Here are a few other cards you can take a look at.
GC: $150
GC: $20
GC: $150
A note about American Express cards
We’ve included American Express cards in our listing. Loblaws stores don’t accept Amex but most of the other major Canadian grocers do:
- Sobeys and Safeway
- Metro
- Save-On-Foods
- Walmart
If you still plan to shop at Loblaws on a regular basis, these cards won’t be good options for you.
And if you shop at Walmart Supercentre, it’s important to note that Amex and Visa do not consider it a grocery store. If this is where you do your grocery shopping, consider getting a Mastercard so that you can enjoy your grocery earn rates there.
Are you swapping out your PC Financial Mastercard?
There are plenty of choices when it comes to credit cards in Canada.
If you are thinking of tossing your PC Mastercard, what are you replacing it with? Let us know in the comments below.
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