Best No-Fee Credit Cards in Canada
Are you looking for a no-fee credit card? These credit cards have no annual fee.
It is therefore advised to keep a card like that, year after year, to improve your credit history.
Here is a table summarizing the different offers. For more details, read on or click on the name of a card.
NBC Allure Mastercard
Support the Quebec Breast Cancer Foundation’s cause by becoming an NBC Allure Mastercard credit cardholder with this exclusive offer!
For a limited time, National Bank is running an exclusive offer for milesopedia readers: $150 cash back after $1,500 in Card purchases during the first three months for this no-fee credit card. That’s a 10% return on your first $1,500 in purchases!
For every $2 in purchases charged to your NBC Allure Mastercard account, you earn 1 point. Once a year, in January, you earn a $10 cash back for every 1,000 points you’ve earned.
And for every $10 you spend with your card, the National Bank of Canada donates 10 cents to the Quebec Breast Cancer Foundation! It can be as much as $750,000 per year for all cardholders!
For example, if you charge $1,000/month to your card, National Bank will donate $10/month to the foundation, or $120/year. Take advantage of this exclusive offer and help support the Foundation’s actions!
SimplyCash™ from American Express
Would you like a cashback credit card with no-annual-fee and a high earning rate on all your purchases? Here’s an option for you: the SimplyCash™ from American Express.
With this Card, you earn a 1.25% cashback on all purchases.
For the first 6 months, you can earn 4% cash back with the SimplyCash™ from American Express (up to $200 cash back).
And you’ll get insurance with it: $100,000 travel accident insurance, Purchase Protection® Plan, Buyer’s Assurance® Protection Plan.
Best Western Rewards Mastercard
If you’re looking for a credit card with no annual fee but with a welcome bonus, the Best Western Rewards® Mastercard is the card for you!
You earn 20,000 Best Western points after your first purchase! It can get you at least one free hotel night.
With this card you earn:
- 5 points per dollar at Best Western properties
- 1 point per dollar anywhere else, including Costco
Choice Card from American Express™
Would you like a travel rewards credit card with no annual fee? Here is an option for you: the Choice Card from American Express™.
By applying for the Choice Card from American Express™, you could earn a welcome bonus of 12,500 Membership Rewards points after $1,250 in Card purchases in the first three months. That’s a $125 value for travel or 15,000 Marriott Bonvoy points.
With this no-fee Credit Card, you will also have access to online promotional offers to get points or rebates on your purchases.
BMO® AIR MILES® MasterCard®
MBNA Rewards Platinum Plus® Mastercard®
The MBNA Smart Cash Platinum Plus® Mastercard® is one of Canada’s best no-fee cash back credit cards.
With this card you can get 2% for some purchases:
- grocery stores
Until the total gas and grocery purchases in the applicable month reaches $500. And 0.5% everywhere else.
For a limited time, you can get 5% cash back for the first 6 months, up to $150.
CIBC Aventura® Visa* Card
The CIBC Aventura® Visa* Card is one of the best no-fee Visa credit cards with travel rewards in Canada.
You can get 7,500 bonus Aventura Points when you make your first purchase. Plus, earn up to 2,500 additional Aventura Points for a total of 10,000 points.
With this Card, you earn:
- 1 point for every $1 spent at eligible gas stations, grocery stores and drug stores
- 1 point for every $1 spent on travel purchased through the CIBC Rewards Centre
- 1 point for every $2 spent on all other purchases
And this card has valuable insurance:
- Auto Rental Collision and Loss Damage Insurance
- $100,000 Common Carrier Accident Insurance
- Purchase Security and Extended Protection Insurance
Scotia Momentum® No-Fee VISA* Card
With the Scotia Momentum® No-Fee VISA* Card, you earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases)
With this no-fee credit card you earn:
- 1% cash back on gas station, grocery store and drug store purchases and recurring bill payments
- 0.5% cash back on everything else
MBNA Rewards Platinum Plus® Mastercard®
The MBNA Rewards Platinum Plus® Mastercard® is one of the best no-fee credit cards in Canada.
With this card, you earn 2 points per dollar on some purchases:
- grocery stores
One caveat: there is a $5,000 max annual spend per category. And 1 point per dollar everywhere else.
For a limited time, you can get 10,000 welcome bonus points, a $100 value on travel purchases charged to your Card.
NBC mycredit Mastercard
For a limited time, as a new NBC mycredit Mastercard credit cardholder, you get:
- 8% cashback on restaurant and food delivery purchases
- 8% cashback on recurring pre-authorized payments
All this up to $1,500 charged to the card during the first three months (a $120 value).
With the NBC mycredit Mastercard, you earn:
- 1% cash back on restaurant purchases and recurring pre-authorized payments
- 0.5% cash back on all other purchases, including at Costco
Cash back is automatically applied to your credit card statement every billing cycle.
We recommend this credit card for those who are new to credit cards and want a credit card with no annual fee. Especially since this credit card comes with some insurance for your purchases, including mobile device insurance (which is rare for a no annual fee credit card ).
Tangerine Money-Back Credit Card
The Tangerine Money-Back Credit Card has no annual fee and offers cashback.
Until August 16, 2021, you can earn an extra 10% cash back (up to $100) when you spend up to $1,000 in everyday purchases within your first 2 months.
You can choose two to three categories of purchases (grocery, gas, furniture, home improvement, recurring bill payments, drug store, etc.) to earn 2% cashback! And with unlimited annual cashback!
Besides, the Tangerine Money-Back Credit Card comes with additional benefits:
- 90 days purchase insurance
- One year extended warranty
Finally, during your first 30 days, transfer balances and pay only 1.95% interest on the transferred balance for the first 6 months.