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The three best credit cards with no foreign transaction fees

To the point Are you looking for a no foreign transaction fee credit card? Here are the 3 best credit cards in Canada!

Credit cards with no foreign transaction fees

Most Canadian credit cards charge a conversion fee for foreign currency transactions. It’s usually a 2.5% fee.

If you use your card to make purchases abroad or online in non-Canadian currency, it may be worthwhile to get a credit card with no foreign transaction fees!

Here are the best 3 travel credit cards with no foreign transaction fees in Canada:

Scotiabank Gold American Express® Card

Scotiabank Gold American Express® Card is a credit card with no foreign transaction fees, earning a lot of points for your purchases in Canada.

You can earn:

  • 5 points per dollar for groceries, restaurants, fast food or beverage outlets
  • 5 points per dollar for ready-to-cook meal subscriptions and meal delivery services
  • 5 points per dollar for entertainment (cinema, theatre, events tickets)
  • 3 points per dollar for gas
  • 3 points per dollar for public transportation, bus, subway, taxi, carsharing services like Uber
  • 3 points per dollar for streaming services like Netflix
  • 1 point per dollar everywhere else

It’s a 1% to 5% value depending on your purchases! Purchasing categories do generally not apply abroad. However, many cardholders reported in our Facebook group that they received 5 points per dollar on restaurants abroad! This is great, especially since this card does not charge any foreign transaction fees. So to be tested;)

You can redeem points for any travel purchase made with the card (flights, hotels, Airbnb, all-inclusive, etc.).

Check our review about this credit card.

HSBC World Elite® Mastercard®

The HSBC World Elite® Mastercard® is a great credit card with no foreign transaction fees, especially for travel purchases.

You can earn:

  • 6 points per dollar for travel purchases (flights, hotels, Airbnb, all-inclusive, etc)
  • 3 points per dollar for all other purchases

It’s a 1% to 3% value depending on your purchases!

You can redeem points for any travel purchase made with the card (flights, hotels, Airbnb, all-inclusive, etc.). But you can also transfer your points to three airline rewards programs: British Airways Executive Club, Asia Miles and Singapore Airlines Krisflyer.

Also, as it is a Mastercard, your can use it for all your Costco purchases!

Finally, with this card you get:

  • $100 annual travel enhancement credit (for airport lounges, for example)
  • Unlimited access to Boingo WiFi hotspots around the world
  • a 10% discount for hotel bookings on Expedia or Agoda

Check our review about this credit card.

The Scotiabank Passport™ Visa Infinite*

The Scotiabank Passport™ Visa Infinite* is an excellent credit card with no transaction fees, with travel benefits.

You can earn:

  • 2 points per dollar for groceries
  • 2 points per dollar for restaurants
  • 2 points per dollar for local transport (bus, subway, taxi, carsharing services)
  • 1 point per dollar for all other purchases

It’s a 1% to 2% value depending on your purchases! Purchasing categories also work abroad. For example, if you make your groceries in Florida, you’ll earn 2 points per dollar and won’t pay any foreign transaction fees!

You can redeem points for any travel purchase made with the card (flights, hotels, Airbnb, all-inclusive, etc.).

Besides, this card comes with a Priority Pass subscription and six free annual access to airport lounges.

Check our review about this credit card.

Conclusion

These three credit cards are all excellent choices for travellers: they provide travel points as well as extensive benefits and reliable insurance.

It’s up to you to make your choice!

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