Do the cashiers at your local drug store know you by name? Do you often find yourself perusing the shelves on your way home from work, stocking up on cold medication and Kleenex, keeping an eye on clear-out sales and per-unit costs? If so, then you probably know that pharmacy costs can add up fast — and you also know the cruelty of having to pay full-price for meds when you’re sick and can’t do without.
If drug store purchases take up any portion of your budget, you should get some rewards out of it. Here are 3 of the best credit cards in Canada to use at pharmacies.
* To compare the annual return of each card, we assumed a family spent $350 at pharmacies each month and didn’t use the card anywhere else.
1. TD Aeroplan Visa Infinite Card
TD® Aeroplan® Visa Infinite* Card
Earn up to $1,250 in value in the first year†. Conditions Apply. Must apply by December 5, 2021.
- Receive up to 35,000 Bonus Aeroplan Miles
- Earn up to 1.5 points per dollar spent on gas, groceries, and direct through Air Canada purchases
- Earn 1 point per dollar on everything else
- Annual fee rebate for the first year–that’s $139 in savings
- This offer is not available for residents of Quebec. For Quebec residents, please click here.
- †Terms and conditions apply.
- Income required: $60,000 (personal) and $100,000 (household)
With extra points on drug store purchases, the TD Aeroplan Visa Infinite may be the ideal card for you if you find yourself hitting the pharmacy often. And if you get the travel bug (see what we did there?), you’ll also get a variety of travel insurance policies (baggage loss, trip cancellation and accident insurance), and some incredible Air Canada perks, like priority check-in and access to the swanky VIP lounges.
3. BMO World Elite MasterCard
BMO World Elite™* MasterCard®*
Welcome offer: Get 40,000 points and the $150 annual fee waived in the first year ($285 travel value booked on bmorewards.com + $150 Value*)
- Earn two points per dollar on all purchases
- Limited time! Get a $300 travel credit
- VIP Airport Lounge Access* with the included annual Priority Pass membership (valued at US$99), along with 4 complimentary passes per year (valued at US$27 each)
|Annual Fee||Sign-up Bonus||Spending Rewards||Monthly Spending||First Year Return|
|$150||$300||2 points per $1 spent|
|2 points x $350 = 700 points per month|
Value of 1 point = $0.01
700 points x $0.01 = $7 per month
Spending Rewards: $7 x 12 = $84
Annual Fee: $150
Total: $300+$84-$150 = $234
Return: $234/$4,200 per year = 5.6% return
When it comes to the BMO World Elite MasterCard, the insurance is the real perk here, with best-in-class travel medical insurance, emergency medical coverage, trip cancellation, trip delay, car rental insurance, baggage loss and more. You’ll also get the star treatment with Priority Pass access to VIP airport lounges, which can save you up to $200 per year. Just note that this card requires a family income of $120,000 or a personal income of at least $70,000.