The best store credit cards in Canada for 2025
May 16, 2025
Store credit cards help shoppers save in addition to other perks such as extended warranty or purchase protection. If you are a frequent shopper at the retailer, signing up may be worthwhile. Here is our round-up of the best store credit cards in Canada.
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Our methodology: how we choose the best credit cards
Natasha Macmillan, Senior Business Unit Director - Everyday Banking
Canada’s best store credit cards by category
| Store credit card | Best for | Annual fee |
| PC World Elite Mastercard | Best overall | $0 |
|---|---|---|
| Tangerine Money-back Credit Card | Cash back | $0 |
| CIBC Costco Mastercard | Costco Canada | $0 |
| Rogers Red World Elite Mastercard | USD shopping | $0 |
Best overall store credit card
based on spending $2,200/mo after $0 annual fee
- Earn rewards
10pts – 45pts / dollar spent
- Welcome bonus
20,000 points (a $20 value)
- Annual fee
$0
The PC World Elite Mastercard is a great choice if you find great value in the PC Optimum program. Not only do you earn more PC points from shopping at Loblaw-affiliated stores, but you’ll also earn bonus PC points on gas at Esso and Mobil, as well as 10 PC points on all other purchases (equivalent to 1% cash back.)
Best store credit card for cash back
Best for Flexible spending
based on spending $2,200/mo after $0 annual fee
- Earn rewards
0.5% – 10% / dollar spent
- Welcome bonus
$100
- Annual fee
$0
While the Tangerine Money-Back Credit Card isn’t a true co-branded store card, it’s one of the most flexible cards around, letting you each 2% cash back on two categories of your choice. This includes groceries, furniture, drug stores, and even home improvement — making it a great alternative to a specific store credit card.
Best Costco credit card in Canada
The CIBC Costco Mastercard is the best choice for a Costco credit card in Canada. Costco Canada exclusively accepts Mastercard credit cards, but Costco isn’t recognized as a grocery store for cards that offer bonus earn rates on groceries.
Best credit card for USD shopping
based on spending $2,200/mo after $0 annual fee
- Earn rewards
1.5% – 3% / dollar spent
- Annual fee
$0
While you may not think of Rogers as a typical retail store, it’s among the biggest telecommunications providers in Canada, meaning you can save more and enjoy additional perks like roaming service and travel insurance if you’re a Rogers, Shaw, or Fido customer and you get this card. Even if you aren’t, you’ll still enjoy great cash back on eligible US dollar purchases.
What is a store credit card?
Store credit cards or retailer credit cards are offered by a specific company, and typically offer attractive rewards — either through an in-house rewards program or a higher earn rate on generic rewards — to increase shopper loyalty.
For instance, if you prefer to shop at a specific grocery chain, using the store’s co-brand credit card for your purchases could earn you additional reward points that a generic credit card wouldn’t.
Which stores have credit cards in Canada?
Many popular retailers offer their own store credit cards. If you regularly shop at these stores, it may be worth getting a store credit card to get more rewards on your spending.
- Amazon (Amazon.ca Rewards Mastercard)
- Canadian Tire (Triangle Mastercard, Triangle World Elite Mastercard)
- Costco (CIBC Costco Mastercard)
- Home Depot (Home Depot Credit Card)
- Hudson’s Bay (Hudson's Bay Mastercard)
- Loblaw (PC Financial credit cards)
- Tim Hortons (Tims Mastercard)
- Walmart (Walmart Rewards Mastercard, Walmart Rewards World Mastercard)
Pros and cons of a store credit card
Benefits
- Easy to qualify. Many store credit cards require a fair credit score (at least 660) and have no income requirement. They often also offer instant approval whether you apply online or in-store, as long as you meet the requirements.
- No annual fee. Store credit cards usually have no annual fee, so you can keep them specifically for shopping at the store or as a backup credit card.
- Better rewards. Store branded credit cards reward loyal customers with higher earn rates for points and cash back. However, these rewards may be locked in an in-house program, meaning you can only use them for future purchases with the store.
Disadvantages
- High interest rates. Store credit cards tend to charge higher interest than regular credit cards. If you tend to overspend or carry a balance, they may hurt your debt levels and credit score in the long run.
- Few to no insurance benefits. The insurance coverage on store credit cards is usually limited to purchase protection or extended warranty. Some cards may include basic car rental or travel insurance.
-
Minimum spend requirement. Some higher-tier store credit cards require you to spend a minimum amount on the card annually. Otherwise, your card may be downgraded or cancelled.
FAQ: Store credit cards
Do store cards help to build your credit history?
Are there store credit cards with instant approval?
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