The Best No Annual Fee Credit Cards – March 2023

Best No-Fee Credit Cards in Canada

HSBC Cash Rewards Mastercard^®

With the HSBC Cash Rewards Mastercard®, you can earn $125 cash back as a welcome bonus with no minimum spending (for Quebec).

With this no annual fee credit card, you get:

• 1.5% cash back per dollar on online purchases
• 1% cash back per dollar on gas, grocery and drugstore purchases
• 0.5% cash back per dollar on all other everyday purchases

Plus, you get Mobile Device Insurance, Purchase Insurance and Extended Warranty Insurance.

RBC ION Visa Card

With the RBC ION Visa card, you can earn a welcome bonus of 6,000 Avion points.

With this no-annual-fee RBC credit card, you can earn 1.5 Avion points per dollar for :

• Grocery
• Rides, Gas & EV Charging
• Streaming, Digital Gaming & Subscriptions

And 1 Avion point per dollar for all other purchases. Plus, save 3¢/L on gas at Petro-Canada and earn 20% more points when you pay with a linked RBC card

Scotiabank American Express^® Card

The Scotiabank American Express Card is one of the best no-fee credit cards in Canada.

For a limited time, you can earn up to 12,000 points in the first year, which is a $120 value for trips including Airbnb.

With the Scotiabank®* American Express® card, you earn 3X Scene+ points on every $1 you spend at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés Tradition, Rachelle Béry and Co-Op.

Also, you get 2 points per dollar for:

• grocery stores
• Restaurants
• Entertainment
• Gas stations
• Transit
• streaming services

And 1 point per dollar of purchase for all other purchases.

You can redeem your points on travel purchases (flights, hotels, all-inclusive and even Airbnb). Or with Scene+ partners for cash back.

HSBC Travel Rewards Mastercard

With the HSBC Travel Rewards Mastercard®, you can earn 25,000 points as a welcome bonus with no minimum spending (for Quebec).

With this no annual fee credit card, you get:

• 3 points per dollar on travel purchases
• 2 points per dollar on gas and everyday transportation purchases
• 1 point per dollar on all other purchases

You can use your points to pay for travel or to get many other rewards.

In addition, you will get Trip Interruption Insurance, Baggage Delay Insurance, Hotel/Motel Burglary Insurance, Extended Warranty Insurance and Purchase Insurance.

American Express^® Green Card

Do you want a cash back credit card with no annual fee that earns travel points? Here’s an option for you: the American Express® Green Card.

By signing up for the American Express® Green Card, you can earn a Welcome Bonus of 10,000 Membership Rewards points when you charge $1,000 in purchases to your Card in the first 3 months of Cardmembership. It’s a $100 value, 10,000 Aeroplan points or 12,000 Marriott Bonvoy points. That’s a nice welcome bonus for a credit card with no annual fee.

You’ll also have access to online promotional offers to earn points or rebates on your purchases with this no annual fee credit card.

Like all American Express Canada Cards, there is no minimum income requirement.

BMO^® CashBack^® Mastercard^®*

The BMO® CashBack® Mastercard®* is a cash-back credit card with no annual fee. With the BMO® CashBack® Mastercard®*, you can earn 5% cash back for the first 3 months. It’s a maximum welcome bonus of $100.

Then you get:

• 3% cash back on grocery purchases, including at Walmart Supercenters
• 1% cash back on recurring bill payments

Finally, you can also get a 0.99% introductory rate on balance transfers for nine months.

MBNA Smart Cash Platinum Plus^® Mastercard^®

The MBNA Smart Cash Platinum Plus® Mastercard® is one of the best cash back credit cards with no annual fee in Canada.

With this card, you can get 2% on:

• gas purchases
• grocery purchases

Until the total gas and grocery purchases in the applicable month reaches $500. And 0.5% everywhere else.

For a limited time, you can earn 5% cash back for the first six months, a $150 value. This is the best no-fee MBNA credit card with cash back.

CIBC Aventura^® Visa* Card

The CIBC Aventura® Visa* Card is one of the best no-fee Visa credit cards with travel rewards in Canada.

Get up to 12,000 Aventura Points (up to $120 in travel value†):

• 2,500 Aventura Points when you complete all five activities within 60 days of your CIBC Aventura® Visa* account approval.†
• 9,500 Aventura Points after you make your first purchase.

With this no annual fee CIBC Aventura Credit Card, you get:

• 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 no-annual-fee CIBC Credit Card offers some insurance coverage:

• 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

The Scotia Momentum® No-Fee Visa* Card is a great cash-back credit card in Canada. Currently, you can earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).

With the Scotia Momentum® No-Fee Visa* Card, you get :

• 1% Cash back on all eligible gas station, grocery store, drug store purchases and recurring payments.
• 0.5% on all other purchases

This is a great no-fee Visa credit card to earn cash back.

Plus, you can enjoy an introductory rate of 0.99% on balance transfers for the first six months.

CIBC Dividend^® Visa* Card

The CIBC Dividend® Visa* Card is one of the best no-fee cash back Visa credit cards in Canada. For a limited time, earn 5% cash back (up to $100 cash back)†.

With this no annual fee CIBC Credit Card, you get:

• 2% cash back on eligible grocery purchases
• 1% cash back on eligible gas, transportation, dining purchases and recurring payments†
• 0.5% cash back on all other purchases†

And this no-annual-fee CIBC Credit Card offers some insurance coverage:

• $100,000 Common Carrier Accident Insurance
• Purchase Security and Extended Protection Insurance

MBNA Rewards Platinum Plus^® Mastercard^®

The MBNA Rewards Platinum Plus® Mastercard® is one of Canada’s best no-annual-fee credit cards.

With this card, you can earn 2 points per dollar on:

• Dining purchases
• Grocery purchases
• Digital media purchases (Netflix, Spotify, etc.)
• Memberships
• Household utility purchases (electricity, etc.)

And 1 point per dollar everywhere else. This is the best MBNA credit card with no annual fee.

For a limited time, you can get 10,000 welcome bonus points, a $100 value on travel purchases charged to your Card.

Tangerine Money-Back Credit Card

The Tangerine Money-Back Credit Card has no annual fee and offers cash back.

Through May 2, 2023, you can earn an additional 10% back (up to $100) when you spend up to $1,000 on everyday purchases during the first 2 months.

You can choose two to three categories that interest you (groceries, gas, furniture, home improvement, recurring bills, pharmacy, etc.) to earn 2% cash back ! And there is no annual cash back limit. It is one of the best credit cards for renovations.

In addition, the Tangerine Mastercard offers several insurance coverages for your purchases :

• 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.