Whether or not you’re utilizing a public charger on the go or plugging in at house, the price of conserving your electrical automobile (EV) powered up can sneak up on you. However the suitable bank card could make up for a few of the value by money again or rewards factors. So, don’t wait: we’ve gathered the perfect bank cards in Canada to energy up your EV—and your pockets—on the similar time.
Greatest bank cards for EV charging in Canada
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Gold: Greatest for EV charging
Curiosity Charges:
20.99% buy, 22.99% money advance, 22.99% steadiness switch
Welcome provide:
$250 worth
Earn a ten% money again welcome bonus of as much as $250 (first 4 statements). Provide not obtainable to QC residents. Phrases and circumstances apply.
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Silver: Greatest for EV charging
RBC ION+ Visa
Earn 3 Avion factors per greenback spent on electrical automobile charging.
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Curiosity Charges:
20.99% buy, 22.99% money advance, 22.99% steadiness switch
Welcome provide:
$101 worth
Earn 14,000 Avion factors upon approval – that’s $100 of worth in present playing cards! Apply by Could 7, 2025.
Examine bank cards for EV drivers
Use the desk under to check EV charging bank card choices, or maintain scrolling for our editors’ high picks. Can’t see all the small print in your display screen? Merely slide the columns utilizing your fingers or trackpad, or you may hover your mouse over the desk to entry the scroll bar on the backside.
| Greatest card by class | Annual price | Rewards on EV charging | Equal return on spending | Spending cap for bonus price | Earn on the similar price for fuel purchases | Low cost on fuel purchases | Private annual revenue requirement | Advisable credit score rating | Apply now (featured playing cards solely) |
|---|---|---|---|---|---|---|---|---|---|
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CIBC Dividend Visa Infinite
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$120 (rebated first 12 months) | 4% money again | 4% | First $20,000 in purchases per 12 months | Sure | As much as $0.10 per litre at Pioneer, Fas Gasoline, Ultramar and Chevron stations | $60,000 per 12 months | 725 or greater | Go to site |
RBC ION+ Visa |
$48 | 3 Avion factors per $1 spent | 3.42% | No restrict | Sure | None | None specified | None specified | Go to site |
BMO CashBack World Elite Mastercard |
$120 | 3% money again | 3% | First $300 per assertion cycle | Sure | As much as $0.07 per litre at Shell fuel stations | $80,000 per 12 months | 760 or greater | Go to site |
Amex SimplyCash Most well-liked |
$120 | 4% money again | 4% | No restrict | Sure | None | None specificed | 725 or greater | Go to site |
CIBC Costco Mastercard |
$0 | 3% money again at Costco fuel stations
2% money again at different stations |
3% at Costco stations
2% at different stations |
First $5,000 in purchases per 12 months | Sure | As much as $0.10 per litre at Pioneer, Fas Gasoline, Ultramar and Chevron stations | $15,000 per 12 months | 560 or greater | Not obtainable |
MoneySense award winners
Dive into the professionals and cons of the highest three greatest bank cards for EV charging in Canada. We’ve additionally included choices for Canadians who would like an American Categorical or no-annual-fee card.
Gold: Greatest bank card for EV charging
At a look: The CIBC Dividend Visa Infinite is our high decide for electrical and hybrid automobile drivers in Canada, providing an unbeatable 4% money again on EV charging in addition to groceries. Plus, this card delivers constant rewards throughout classes with bonus charges on on a regular basis spending like eating, transit and recurring payments. Additionally, save as much as $0.10 per litre in your hybrid or different automotive at choose fuel stations with Journie Rewards.
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CIBC Dividend Visa Infinite
Annual price: $120 (rebated first 12 months)
Welcome provide: Earn 10% money again (as much as $250 in money again in your first 4 statements), plus a first-year annual price rebate. Provide not obtainable to Quebec residents.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers |
| Earnings required | Private revenue of $60,000 or family revenue of $100,000 |
| Credit score rating | 725 or greater |
Silver: Greatest bank card for EV charging
At a look: The RBC ION+ Visa is considered one of RBC’s latest bank cards and one other nice possibility for electrical and hybrid automobile drivers. It has a low annual price, and it presents 3 Avion factors for each $1 spent on EV charging, in addition to grocery, eating and even digital gaming. Plus, in your hybrid or different automotive, cardholders take pleasure in gasoline financial savings at Petro-Canada and earn the identical 3 factors for each $1 on fuel purchases.
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RBC ION+ Visa
Annual price: $48
Welcome provide: Get 14,000 Avion factors upon approval ($100 worth). Apply by Could 7, 2025.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers |
| Earnings required | None specified |
| Credit score rating | None specified |
| Level worth | 1 RBC Avion level = As much as $0.023 when redeemed for journey utilizing RBC’s Air Journey Redemption Schedule. |
Bronze: Greatest bank card for EV charging
At a look: The BMO CashBack World Elite Mastercard is one other nice bank card possibility, providing glorious earn charges throughout classes. Earn 3% money again on EV charging and fuel purchases. It is a nice card for frequent drivers and travellers, with complimentary roadside help and journey insurance coverage. Plus, fuel financial savings at Shell areas for drivers of hybrid and fuel vehicles.
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BMO CashBack World Elite Mastercard
Annual price: $120 (waived first 12 months)
Welcome provide: Earn as much as 10% money again throughout your first 3 months on as much as $2,600 in purchases.
Card particulars
| Rates of interest | 21.99% on purchases, 23.99% on money advances, 23.99% on steadiness transfers (21.99% in Quebec) |
| Earnings required | Private revenue of $80,000 or family revenue of $150,000 |
| Credit score rating | 760 or greater |
Execs
- Excessive earn charges: Earn as much as 5% again in 4 main spending classes, together with 3% on EV charging and fuel.
- Complete roadside help: With a free fundamental membership within the Dominion Vehicle Affiliation, get 4 free service calls per 12 months, together with towing (as much as 10 km), tire modifications, winching, battery boosts, lockout help, emergency gasoline supply and extra.
- Gasoline financial savings: Hybrid drivers will recognize the gasoline low cost of as much as $0.07 per litre at Shell areas.
- Insurance coverage choices: In depth insurance coverage for a money again card, together with protection for journey medical, rental vehicles, baggage, flight delays and extra.
- Simple redemptions: Redeem your money again any time for as little as $1.
Cons
- Incomes caps: The bonus classes have low month-to-month spending limits, starting from $300 to $500, which is restrictive for a premium card. Purchases above these month-to-month limits earn on the 1% base price.
- Excessive revenue necessities: This card could also be much less accessible.
Greatest American Categorical card for EV charging
At a look: The American Categorical SimplyCash Most well-liked is a stable possibility for electrical and hybrid automobile drivers. Although you earn the bottom price of two% on EV charging, that’s nonetheless the very best base earn price in Canada. And in the event you want fuel every so often, you’ll earn a powerful 4%. Plus, get insurance coverage protection and entry to Amex advantages.
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Amex SimplyCash Most well-liked
Annual price: $120
Welcome provide: Earn a bonus 10% money again on all purchases in your first three months (as much as $2,000 in purchases) and a $50 assertion credit score whenever you make a purchase order in month 13 (whole worth of as much as $250).
Card particulars
| Rates of interest | 21.99% on purchases, 21.99% on money advances |
| Earnings required | None specified |
| Credit score rating | 725 or greater |
Greatest no-fee card for EV charging
At a look: The CIBC Costco Mastercard is a no-fee money again card for Costco members and a superb possibility for electrical and hybrid automobile drivers. Earn 2% money again on EV charging and three% on Costco fuel. Purchases at different fuel stations earn you 2% rewards. Overlook your Costco membership card? Don’t fear—this card is all you have to present on the massive warehouse retailer.
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CIBC Costco Mastercard
Annual price: $0
Welcome provide: None right now.
Card particulars
| Rates of interest | 20.75% on purchases and 22.49% on money advances |
| Earnings required | $15,000 per 12 months |
| Credit score rating | 560 or greater |
Execs
- Excessive earn charges: Earn 2% on EV charging and fuel purchases not at Costco, and three% on Costco fuel purchases and eating.
- Cell system insurance coverage: Get protection for as much as $1,000—a rarity for no-fee playing cards.
- Accessible: There’s no annual price and a low revenue requirement. Plus, with a $50,000 private or $80,000 family revenue, you’re eligible for a complimentary improve to a World Mastercard.
- Free further playing cards: Further incomes at no added value.
- Installment cost possibility: Use the CIBC Tempo It installment program to unfold the price of massive Costco purchases over a number of months at a decrease rate of interest.
Cons
- Low incomes at Costco: Surprisingly, it’s not essentially the most rewarding card for Costco procuring, incomes only one% again on in-store purchases. (See the best credit cards for shopping at Costco.)
- Unique to Costco members: Solely obtainable to these with a Costco membership ($65).
- Restricted redemption choices: Rewards are issued yearly as a money again present certificates solely redeemable at Costco.
- Incomes caps: You’ll solely earn on the primary $5,000 spent yearly on EV charging/fuel and on the primary $8,000 on Costco.ca purchases.
FAQ about EV charging
Get solutions to incessantly requested questions on charging electrical automobiles in Canada, together with charging instances and prices, and areas of Petro-Canada charging stations.
How lengthy does it take to cost an electrical automobile?
It is a bit like asking how lengthy it takes to fill a pool. The reply is dependent upon the scale of the pool, the hose you’re utilizing and even the climate. Whereas there’s no one-size-fits-all reply, understanding a couple of key elements will allow you to estimate charging instances, whether or not you’re topping up in a single day or fuelling up on a highway journey.
Charging time is dependent upon the facility supply, the automotive’s charger and its battery dimension, and even climate circumstances:
- The facility supply: A fundamental family outlet may take days to replenish an EV—consider it as trickling water right into a barrel with a tiny spout. A quicker house setup, like a 240-volt charger you’d use for a dryer, cuts that right down to only a few hours in a single day. Public stations are fast-charging and are the speediest possibility. These can juice up your battery in lower than an hour.
- The automobile: Take a small battery, like in a Nissan Leaf—it would cost totally in seven to eight hours with a 240-volt setup, or about an hour with a quick charger. A much bigger battery, say in a GMC Hummer EV, may take nearer to 13 hours at house or round two hours with quick charging.
- Climate: Climate can nudge these instances a bit—chilly or scorching days may gradual issues down—nevertheless it’s normally a minor issue. Excessive temperatures, nonetheless, can significantly enhance cost time. Excessive chilly can cut back battery effectivity by round 20% to 40%.
So, charging may vary from a fast 20 to 120 minutes at a quick station to a leisurely 5 to 13 hours at house, relying in your setup and EV.
How a lot does it value to cost and electrical automobile?
At house, the place most EV homeowners cost, prices tie into your electrical energy invoice. In a metropolis like Toronto, charging in a single day throughout off-peak hours may run you lower than $1 per day—round $300 a 12 months for the typical driver. That’s a steal in comparison with a tank of fuel. Charges differ by location and time, although. The price may be greater throughout peak hours and in pricier areas.
Public charging stations provide comfort however typically include a price. Some cost by time (e.g., $0.30 per minute), some cost by power use (e.g., $0.40/kWh), and a few cost a flat price per session (e.g., $5 to $7 for a fast increase). Vitality-based billing remains to be growing in Canada. Free stations exist too—you might discover them close to companies or in parks—however they’re not the norm. Quick-charging spots, like superchargers, are likely to value extra for his or her velocity, although they prevent time on the go.
The make-up of your EV issues, too. A smaller battery, like in a plug-in hybrid, prices much less to fill than a giant one in a full electrical SUV. Effectivity performs a task as properly. Extra environment friendly fashions stretch every cost additional, trimming prices.
So, you may anticipate a spread of costs: roughly $0.78 each day at house in a metropolis like Toronto (throughout off-peak hours) to round $10 for a fast public top-up on the highway. In comparison with gas-powered automobiles, EVs normally win on financial savings, particularly with sensible charging habits.
EV charging stations in Canada
Petro-Canada EV charging
Petro-Canada was the primary main fuel retailer to broaden on Canada’s EV charging infrastructure. In 2019, it opened an EV charging station in Victoria, B.C., marking the completion of Canada’s Electrical Freeway, the nation’s first coast-to-coast community of quick chargers.
