Best Store Credit Cards for 2022

This Page's Content Was Last Updated: November 10, 2022
WOWA Trusted and Transparent

What You Should Know

  • Retail stores offer credit cards to their customers to incentivize shopping by earning rewards.
  • Retail store credit card holders often get exclusive offers, deals and access to VIP sales from the stores.
  • Retail Store credit cards typically don’t have an annual fee.
  • Most retail credit cards are relatively easier to qualify for.
store credit card infographic

Loyal customers of certain retail stores in Canada can benefit from getting a credit card offered by the store. Store credit cards offer exclusive deals, offers and perks to their credit card holders, while also offering rewards on everyday purchases at their stores.

You can apply for most store credit cards in store or online, with many of them offering instant approval. Most store credit cards are easy to qualify for and you can qualify for most of them with a fair credit score. However, some advanced credit cards that offer greater benefit or higher rewards have greater eligibility criteria such as higher income requirements.

We have picked some of the best basic and premium credit cards offered by the popular retail stores and group of stores in Canada. We have also included some credit cards offered by popular brands.

Credit CardRetail Store(s)Annual FeeTop Benefits
Basic Cards (lower income requirement)
Canadian Tire Triangle MastercardCanadian Tire, Sport Chek, Mark’s$0
  • 4% back in CT Money on purchases at Canadian Tire and other eligible stores.
  • Redeem CT mony 1:1 at eligible stores
PC Financial MastercardLoblaws, No Frills, The Real Canadian Superstore, Shoppers Drug Mart$0
  • 30 points per litre at ESSO and Mobil
  • 25 points per $1 at Shoppers Drug Mart
  • 20 points per $1 on PC Travel
Walmart Rewards MastercardWalmart$0
  • 1.25% back on shopping online at walmart.ca and at Walmart stores in Canada
Amazon.ca Rewards MastercardAmazon$0
  • 2.5% back on purchases on Amazon.ca for Prime members
  • 2.5% back on foreign currency transactions for Prime members
CIBC Costco MastercardCostco$0
  • 3% cash back at Costco gas and eligible restaurants
  • 2% cash back at other gas stations and on Costco.ca
Hudson’s Bay RewardsHudson’s Bay$0
  • Up to 4 points per $1 spent at Hudson’s Bay in-store and online
The Home Depot Consumer Credit CardThe Home Depot$0
  • Hassle-free returns for 365 days
Premium Cards (higher income requirement)
Canadian Tire Triangle World Elite MastercardCanadian Tire$0
  • 4% back at Canadian Tire and other participating stores.
  • 7¢ per litre back on fuel at Gas+ and Essence+.
  • 3% back at participating groceries.
Walmart Rewards World MastercardWalmart$0
  • 3% back on shopping online at walmart.ca
  • 1.25% back on shopping at Walmart stores in Canada and at any gas station
PC World Elite MastercardLoblaws, No Frills, The Real Canadian Superstore, Shoppers Drug Mart$0
  • 45 pts per $1 at Shoppers Drug Mart
  • 30 pts per $1 spent at Loblaws, No Frills and The Real Canadian Superstore
Brand Credit Cards
H-D MastercardHarley Davidson$0
  • Change to win a Harley Davidson every Quarter
  • 1 reward point per every $2 spent
Rogers World Elite MastercardRogers$0
  • 1.5% cash back on all eligible purchases
  • 3% cash back on purchases in U.S. dollars
Marriott Bonvoy Amex CardMarriott$120
  • 5X Marriott Bonvoy points on Marriott purchases
  • 1 free night every year

Basic Cards (Lower Income Requirements)

Rewards +

  • 4% back in CT Money at Canadian Tire and other participating stores.
  • 5¢ per litre back in CT Money on fuel at Gas+ and Essence+.
  • 1.5% back in CT Money at participating groceries.

Perks +

  • No interest financing for qualifying purchases of $150 and above.
  • This Canadian Tire credit card offers no receipt returns.
  • Pay bills using the card and earn cash back through CT Money.

Insurance +

  • Zero liability fraud protection.

Eligibility +

  • Canadian Resident having reached mature age in the province of residence.
  • No minimum income requirement specified.

Rewards +

  • 30 reward points per litre at ESSO and Mobil.
  • 25 reward points per $1 at Shoppers Drug Mart.
  • 20 reward points per $1 on PC Travel.

Perks +

  • Mastercard Global Service.

Insurance +

  • Purchase Protection for 90 days after purchase.
  • Extended warranty up to 1 year.

Eligibility +

  • Canadian Resident having reached mature age in the province of residence.
  • No minimum income requirement specified.

Rewards +

  • 1.25% back in Walmart reward dollars on shopping online at walmart.ca.
  • 1.25% back in Walmart reward dollars on shopping at Walmart stores in Canada.
  • 1% back in Walmart reward dollars everywhere else.

Perks +

  • This Walmart credit card provides a temporary shopping pass on instant approval.
  • Mastercard Global Services.

Insurance +

  • None

Eligibility +

  • Canadian Resident having reached mature age in the province of residence.
  • No minimum income requirement specified.

Rewards +

  • After the promo offer, Prime members get 2.5% and other customers get 1.5% back on purchases on Amazon.ca and Whole Foods Market.
  • 1% back on purchases everywhere else.
  • Prime members get 2.5% and other customers get 1% back on foreign currency transactions.

Perks +

  • Minimum 10% off base rate on Avis and Budget car rentals in Canada and the U.S. at participating locations. 5% off internationally.
  • The amazon credit card also offers Trip Assistance, Legal Assistance and Emergency Services.

Insurance +

  • Purchase Protection
  • Extended Warranty

Eligibility +

  • Canadian Resident having reached mature age in the province of residence.
  • No minimum income requirement specified.

Rewards +

  • 3% cash back at Costco gas and eligible restaurants.
  • 2% cash back at other gas stations and on Costco.ca.
  • 1% cash back on all other purchases (including at Costco).

Perks +

  • Credit card also acts as a Costco membership card.
  • Special rates for CIBC Pace It installment plans on purchases at Costco.

Insurance +

  • Mobile device insurance - $1,000.
  • Purchase security.
  • Extended warranty - up to 1 year.

Eligibility +

  • Canadian Resident having reached mature age in the province of residence.
  • Minimum annual income of $15,000.

Rewards +

  • Up to 4 points per $1 spent at Hudson’s Bay in-store and online.
  • 2 points per $1 spent on all other eligible purchases.
  • Redeem points anytime at Hudson’s Bay stores.

Perks +

  • Exclusive offers, events and benefits for members.
  • Virtual card to use immediately after approval.

Insurance +

  • None

Eligibility +

  • Canadian Resident having reached mature age in the province of residence.
  • No minimum income requirement specified.

Rewards +

  • None

Perks +

  • Special promotions and offers
  • Pay in interest free installments for 6 months on purchases of $299 and more.
  • Pay in interest free installments for 12 months on single-receipt installed projects or a single-receipt major appliance purchase of $299 or more.
  • Hassle-free returns for 365 days.

Insurance +

  • None

Eligibility +

  • Canadian Resident having reached mature age in the province of residence.
  • No minimum income requirement specified.

Premium Cards (Higher Income Requirement)

Rewards +

  • 4% back in CT Money at Canadian Tire and other participating stores.
  • 7¢ per litre back in CT Money on fuel at Gas+ and Essence+.
  • 3% back in CT Money at participating groceries.

Perks +

  • No fee and no interest financing for qualifying purchases of $150 and above.
  • This Canadian Tire credit card offers no receipt returns.
  • Pay bills using the card and earn cash back through CT Money.
  • 24/7 personal concierge service.

Insurance +

  • Purchase protection - up to 90 days.
  • Extended warranty.
  • Rental car collision/damage insurance.

Eligibility +

  • Canadian Resident having reached mature age in the province of residence.
  • Minimum personal income of $80,000 or annual household income of $150,000.

Rewards +

  • 3% back in Walmart reward dollars on shopping online at walmart.ca.
  • 1.25% back in Walmart reward dollars on shopping at Walmart stores in Canada.
  • 1.25% back in Walmart reward dollars at any gas station.

Perks +

  • Temporary shopping pass on instant approval.
  • Mastercard Global Services.
  • Boingo Wi-Fi for Mastercard.

Insurance +

  • Purchase protection.
  • Extended warranty.

Eligibility +

  • Canadian Resident having reached mature age in the province of residence.
  • Minimum annual household income of $100,000.

Rewards +

  • 45 reward points per $1 at Shoppers Drug Mart.
  • 30 reward points per $1 at Shoppers Drug Mart.
  • 30 reward points per $1 at Loblaws, No Frills and Real Canadian Superstore.

Perks +

  • Mastercard Global Service.
  • 24/7 Concierge Service.

Insurance +

  • Rental car collision/damage insurance.
  • Travel Emergency Medical Insurance.
  • Purchase Protection for 90 days after purchase.

Eligibility +

  • Canadian Resident having reached mature age in the province of residence.
  • Minimum personal income of $80,000 or annual household income of $150,000.

Brand Credit Cards

Rewards +

  • 1 Harley Davidson Genuine Rewards point per every $2 spent.
  • Redeem reward points for Harley Chrome Cash that can be used to purchase MotorClothes apparel, accessories and services.

Perks +

  • Chance to win a Harley Davidson Motorcycle every quarter when you make eligible purchases.

Insurance +

  • Auto rental collision/damage insurance.

Eligibility +

  • Canadian Resident having reached mature age in the province of residence.
  • No minimum income requirement specified.

Rewards +

  • 1.5% cash back on all eligible purchases.
  • 3% cash back on purchases in U.S. dollars.

Perks +

  • Free membership of the Mastercard Travel Pass provided by DragonPass (no complimentary visits).

Insurance +

  • Travel emergency medical insurance
  • Car rental collision/damage insurance
  • Trip interruption and trip cancellation insurance

Eligibility +

  • Canadian Resident having reached mature age in the province of residence.
  • Minimum personal income of $80,000 or annual household income of $150,000.

Rewards +

  • 5X Marriott Bonvoy points on Marriott purchases.
  • 2X Marriott Bonvoy points for all other purchases.
  • Redeem points for free nights or transfer to airline miles.

Perks +

  • One free night every year.
  • Complimentary Marriott Bonvoy Silver Elite Status.
  • Amex Experiences and special offers.

Insurance +

  • Travel accident insurance.
  • Flight delay insurance.
  • Lost/Delayed baggage insurance.

Eligibility +

  • Canadian Resident having reached mature age in the province of residence.
  • Have a credit file.

About Retail Store Credit Cards

What are retail store credit cards?

Retail stores and groups of retail stores offer credit cards that can earn faster rewards for you depending on your shopping habits. These credit cards offer benefits in different forms such as discounts, cash back, reward points, VIP sales and exclusive offers.

For example, if you shop at a particular grocery store every week, using the credit card offered by the store to make your purchases might earn you reward points that you can redeem against your future purchases.

Most store credit cards are co-branded with Visa or Mastercard and can be used to shop everywhere they are accepted.

What are the benefits of store credit cards?

Store credit cards can have the many benefits such as:

  • Most store credit cards have no annual fees.
  • Most store credit cards are easy to qualify for.
  • You can earn reward points on purchases at the stores and at partner stores, that can be redeemed at these stores for future purchases.
  • If you qualify for the premium cards, you can earn better rewards.
  • Store credit cards also report to credit bureaus and can help build your credit score.
  • You can get access to exclusive offers and VIP sales.
  • Few credit cards also offer benefits such as purchase insurance, free returns, extended warranty, rental car collision/damage insurance and travel emergency medical insurance.

What are the drawbacks of store credit cards?

Store credit cards can have the following drawbacks:

  • Most store credit cards have lower credit limits.
  • Most store credit cards have very limited insurance benefits.
  • Some store credit cards can have high interest rates.
  • The rewards can be limited to certain stores and you may not earn any rewards at other stores.

Other Alternatives Available to Canadians

Other Rewards and Cash Back Credit Cards

Apart from store credit cards, there are some other credit cards that offer great rewards and savings on everyday purchases. The top credit cards that you can get are:

  1. AMEX Cobalt: This popular credit card offers 5X reward points on food and drinks, 3X points on streaming services and 2X points on travel and transit. This card has a monthly fee of $12.99, but also comes with a comprehensive list of insurances.
  2. Neo Credit Card: Neo Financial offers a secured and an unsecured card, both offering an average of 5% cash back at partners and a 0.5% guaranteed cash back. Through the neo app, you can find out the merchant partners near you and the cash back they are offering.

Read more about the best cash back credit cards in Canada.

Retail Store Loan

The Home Depot Project Loan: If you are planning a home renovation or any sort of home project, and intend to shop for it at The Home Depot, you can get a credit of up to $50,000 by getting a project loan card. The card allows you to make purchases for 6 months and pay the loan off over the following 60 months. The card can be used in-store, online and for select Home Services.

Credit Cards available to Canadians in the U.S.

Some other popular credit cards that Canadian citizens residing in the U.S. can get their hands on are:

  1. Apple Card: The apple card is not launched in Canada yet but is available to Canadian citizens residing in the U.S. This free credit card offers cash back of 2% (more with partners) when you use an Apple watch or iPhone to pay. It can be used to buy apple products with a 3% cash back and allows you to pay for them in interest free installments.
  2. Best Buy Credit Cards: There are two credit cards offered by the electronics retail chain Best Buy. These cards offer 5% back in rewards when shopping at Best Buy. The ‘My Best Buy Visa Card’ also offers 3% back in rewards on gas, 2% on groceries and 1% on other purchases.

Bottom Line

If you shop at a retail store regularly that offers a credit card, you can get one and start earning rewards on your everyday purchases. Store credit cards generally offer faster rewards at their stores with easy redemption. Before applying for a store credit card, you should carefully study the rewards structure that it offers and assess if it would be beneficial for you.

The calculators and content on this page are provided for general information purposes only. WOWA does not guarantee the accuracy of information shown and is not responsible for any consequences of the use of the calculator.