The Petro-Canada Petro-Points Mastercard is a no-annual-fee co-branded credit card issued by CIBC on behalf of Petro-Canada (Suncor Energy), earning Petro-Points on gas purchases at Petro-Canada stations and on eligible everyday spending. It is a niche card with a specific value proposition: maximize rewards at Petro-Canada gas stations. For frequent Petro-Canada drivers, it provides a meaningful per-litre savings on gas — a significant benefit given Canadian gas prices.
Quick Verdict
Best for: Regular Petro-Canada customers who want to earn free gas faster — the card’s elevated per-litre Petro-Points earn rate makes it a useful card for those who routinely fuel at Petro-Canada stations.
Not ideal for: Those who don’t drive or fuel elsewhere; those who want flexible cash back redeemable on anything (not just gas); or those seeking travel rewards or airline miles.
Key Card Details
| Feature | Detail |
|---|---|
| Annual fee | $0 |
| Additional cardholder fee | Verify at petrocanada.ca |
| Purchase interest rate | Verify at petrocanada.ca |
| Cash advance rate | Verify at petrocanada.ca |
| Foreign transaction fee | 2.5% (typical) — verify at petrocanada.ca |
| Income requirement | None stated |
| Network | Mastercard |
| Rewards | Petro-Points |
| Welcome bonus | Verify current offer at petrocanada.ca |
| Issuer | CIBC on behalf of Petro-Canada |
Card terms, earn rates, and Petro-Points redemption rates are subject to change. Verify all current details at petrocanada.ca before applying.
Earn Rates
Verify all current earn rates at petrocanada.ca.
| Spending Category | Petro-Points |
|---|---|
| Petro-Canada gas (per litre) | Elevated earn — verify at petrocanada.ca |
| Groceries | Elevated — verify at petrocanada.ca |
| Restaurants | Elevated — verify at petrocanada.ca |
| All other eligible purchases | Base rate — verify at petrocanada.ca |
Annual gas savings estimate (illustrative)
For a driver fuelling 50L/week (~200L/month):
- 2,400 litres per year at Petro-Canada
- At elevated Petro-Points earn rates, verify how many points per litre and the redemption value in cents/litre
- Typical Petro-Points programmes offer 1–5 cents/litre equivalent in savings when redeemed — verify actual rate at petrocanada.ca
Petro-Points Redemption
| Redemption Type | Details |
|---|---|
| Free gasoline | Redeem at Petro-Canada pumps |
| Car wash credits | Redeem at Petro-Canada locations |
| In-store items | Some Petro-Canada convenience store items |
| Flexibility | Gas and car wash only — no travel, gift cards, or statement credits |
Important limitation: Petro-Points can only be redeemed at Petro-Canada locations. This is a significant constraint compared to cash back cards where the “reward” is a statement credit usable for any purchase. If Petro-Canada locations are accessible and you fuel there regularly, this is manageable. If your travel takes you to other gas brands, accumulated points may go unused.
Fees and Rates
| Fee | Amount |
|---|---|
| Annual fee | $0 |
| Purchase interest rate | Verify at petrocanada.ca |
| Cash advance rate | Verify at petrocanada.ca |
| Foreign transaction fee | Verify at petrocanada.ca (typically 2.5%) |
Petro-Canada Petro-Points MC vs. Competing Gas Cards
| Card | Annual Fee | Gas Rewards | Grocery | Flexibility |
|---|---|---|---|---|
| Petro-Canada Petro-Points MC | $0 | Petro-Points (Petro-Can only) | Elevated pts | Gas/car wash only |
| PC Financial World Elite MC | $0 | PC Optimum (Esso/Mobil) | 45 pts/$1 at Loblaws | PC Optimum (groceries, etc.) |
| Scotiabank Gold Amex | $120 | 3x on gas | 6x grocery (groceries) | Scene+ (flexible travel) |
| BMO CashBack World Elite MC | $120 | 1% everywhere | 5% grocery (capped) | Statement credit (any) |
| Rogers Red Mastercard | $0 | 1.5% everywhere | 1.5% everywhere | Statement credit (any) |
Key competitive context: The PC Financial World Elite Mastercard is a stronger all-around card at $0 annual fee — earning PC Optimum points at Esso/Mobil stations AND 45 pts/$ at Loblaws/No Frills/Shoppers. PC Optimum points are redeemable for groceries (not just gas), making them more flexible.
Who Is the Petro-Canada Petro-Points Mastercard Best For?
Ideal cardholders:
- High-volume drivers who fuel regularly at Petro-Canada stations and want to earn free gas faster
- Those who already have a main rewards card and want a supplementary gas station card
- Petro-Canada frequent customers who want to combine credit card Petro-Points earning with their existing Petro-Points card for accelerated earn
Less suitable if:
- You fuel at multiple gas brands or whichever is cheapest — Petro-Points are useless at Shell, Esso, or independent stations
- You want flexible cash back redeemable on anything (not limited to Petro-Canada)
- You already earn strong gas rewards through Scotiabank Gold Amex (3x Scene+) or Tangerine
Combining with Existing Petro-Points Membership
Many Canadians already have a Petro-Points card (the physical loyalty card or app). Adding the Petro-Points Mastercard typically allows you to earn both card and loyalty points simultaneously on gas purchases — effectively doubling (or adding to) your standard per-litre points earn. Verify how Mastercard Petro-Points earning stacks with existing Petro-Points loyalty card earning at petrocanada.ca.
Bottom Line
The Petro-Canada Petro-Points Mastercard is a niche no-annual-fee co-branded card best suited for regular Petro-Canada customers who want to maximize per-litre Petro-Points earning on gas purchases. The $0 annual fee makes it a risk-free addition to a card wallet for regular Petro-Canada drivers.
The primary limitation is the restricted redemption model — Petro-Points are only redeemable at Petro-Canada locations, which is a meaningful constraint versus cash back cards. For those who routinely fuel at Petro-Canada and accumulate Petro-Points, the card accelerates free gas earning at no annual cost.
Card terms, Petro-Points earn rates, and redemption values are subject to change. Verify all current details at petrocanada.ca before applying.