Best Store Credit Cards for 2022
This Page's Content Was Last Updated: November 10, 2022
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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.
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 Card | Retail Store(s) | Annual Fee | Top Benefits |
|---|---|---|---|
| Basic Cards (lower income requirement) | |||
| Canadian Tire Triangle Mastercard | Canadian Tire, Sport Chek, Mark’s | $0 |
|
| PC Financial Mastercard | Loblaws, No Frills, The Real Canadian Superstore, Shoppers Drug Mart | $0 |
|
| Walmart Rewards Mastercard | Walmart | $0 |
|
| Amazon.ca Rewards Mastercard | Amazon | $0 |
|
| CIBC Costco Mastercard | Costco | $0 |
|
| Hudson’s Bay Rewards | Hudson’s Bay | $0 |
|
| The Home Depot Consumer Credit Card | The Home Depot | $0 |
|
| Premium Cards (higher income requirement) | |||
| Canadian Tire Triangle World Elite Mastercard | Canadian Tire | $0 |
|
| Walmart Rewards World Mastercard | Walmart | $0 |
|
| PC World Elite Mastercard | Loblaws, No Frills, The Real Canadian Superstore, Shoppers Drug Mart | $0 |
|
| Brand Credit Cards | |||
| H-D Mastercard | Harley Davidson | $0 |
|
| Rogers World Elite Mastercard | Rogers | $0 |
|
| Marriott Bonvoy Amex Card | Marriott | $120 |
|
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Basic Cards (Lower Income Requirements)
Canadian Tire Triangle Mastercard
Annual Fee: $0
Interest Rate: 19.99% on purchases 22.99% on cash advances (21.99% for Quebec Residents)
Welcome Offer: None
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.
PC Financial Mastercard
Annual Fee: $0
Interest Rate: 20.97% on purchases 22.97% on cash advances (21.97% for Quebec Residents)
Welcome Offer: 100K points ($100 value)
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.
Walmart Rewards Mastercard
Annual Fee: $0
Interest Rate: 19.89% on purchases 22.97% on cash advances (21.97% for Quebec Residents)
Welcome Offer: $25 Walmart Reward Dollars
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.
Amazon.ca Rewards Mastercard
Annual Fee: $0
Interest Rate: 19.99% on purchases 22.99% on cash advances
Welcome Offer: 5% back on purchases on Amazon.ca, Whole Foods Market and other eligible purchases for 6 months (for first $3,000 spent - $150 value)
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.
CIBC Costco Mastercard
Annual Fee: $0
Interest Rate: 19.75% on purchases 21.49% on cash advances
Welcome Offer: None
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.
Hudson’s Bay Mastercard - powered by Neo
Annual Fee: $0
Interest Rate: 19.99% on purchases 21.99% on cash advances
Welcome Offer: 15% off on first-day purchases
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.
The Home Depot Consumer Credit Card
Annual Fee: $0
Interest Rate: 28.8% on purchases 2.8% cash advance fee (minimum $5)
Welcome Offer: Up to $100 discount on in-store purchases within the first 30 days. Note: This Credit Card can only be used at The Home Depot
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)
Canadian Tire Triangle World Elite Mastercard
Annual Fee: $0
Interest Rate: 19.99% on purchases 22.99% on cash advances (21.99% for Quebec Residents)
Welcome Offer: None
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.
Walmart Rewards World Mastercard
Annual Fee: $0
Interest Rate: 19.89% on purchases 22.97% on cash advances (21.97% for Quebec Residents)
Welcome Offer: $25 Walmart Reward Dollars
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.
PC World Elite Mastercard
Annual Fee: $0
Interest Rate: 20.97% on purchases 22.97% on cash advances (21.97% for Quebec Residents)
Welcome Offer: 100K points ($100 value)
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
H-D Mastercard (Harley Davidson)
Annual Fee: $0
Interest Rate: 20.97% on purchases 22.97% on cash advances (21.97% for Quebec Residents)
Welcome Offer: None
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.
Rogers World Elite Mastercard
Annual Fee: $0
Interest Rate: 19.99% on purchases 22.99% on cash advances
Welcome Offer: $25 in cash back rewards on first purchase within the first 3 months
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.
Marriott Bonvoy Amex Card
Annual Fee: $120
Interest Rate: 19.99% on purchases 21.99% on cash advances
Welcome Offer: 50,000 Marriott Bonvoy points on spending $1,500 in the first 3 months
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:
- 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.
- 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:
- 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.
- 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.