Looking for the best No Annual Fee Credit Cards in Canada? The right choice depends on your spending, annual fees and the benefits you will actually use.
Compare the 8 cards in our selection below. Interested in a card? Click Read review to read our full analysis.
on TD's website
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The BMO CashBack Mastercard is a no-annual-fee, cash-back credit card. With the BMO CashBack Mastercard, you can earn 5% cash back for the first three months. This represents a maximum welcome bonus of $125 :
Then you get a cash back rate of:
You can also get a 0.99% welcome interest rate on balance transfers for nine months.
Finally, enjoy three months of Instacart+ membership and a $5 monthly Instacart credit when you sign up with your eligible BMO credit card.
on BMO's website
To choose the Tangerine® Money-Back World Mastercard®*, you must meet one of the following criteria: a gross annual income of at least $50,000, a gross annual household income of at least $80,000, or combined balances of $250,000 or more in Tangerine bank accounts, Tangerine Investment Funds accounts, or a combination of the two.
This credit card has no annual fee and allows you to earn cash back on your everyday purchases. With the current offer, you can get $120 when you spend $1,500 within your first three months††.
You get 2% unlimited cash back in 2 categories of your choice and 0.5% on all your other purchases. Plus, you can unlock a third 2% category when your cash back is deposited into a Tangerine Savings Account.
Choose from 13 spending categories (groceries, gas, restaurants, and more) and change them every 90 days to match your habits◊.
The card also includes useful protections, including purchase assurance and extended warranty5, as well as mobile device insurance and coverage for rental vehicles5.
Finally, you can transfer high-interest credit card balances and enjoy a promotional rate of 1.95% for 6 months (a 1% transfer fee applies)11.
Save on fuel with Shell
All Tangerine cardholders can get savings and rewards on fuel with Shell and Scene+ when you link your cards to your Shell Go+ account. Get up to 8¢/L in value with a linked Money-Back World Mastercard or Money-Back Credit Card:
on Tangerine's website
With the RBC ION Visa card, earn up to 14,000 Avion points^, a value of up to $100 in gift cards†.
This RBC credit card with no annual fee lets you earn 1.5X Avion points per dollar in the following categories1:
You also earn 1 Avion point per dollar on all other eligible purchases1.
Plus, save 3¢ per litre on fuel at Petro-Canada and earn 20% more Petro-Points and Avion points when you pay with an eligible linked RBC card4.
on RBC's website
The MBNA True Line® Mastercard® credit card is one of Canada’s best options for a low-cost balance transfer. It’s ideal for reducing interest charges and consolidating your debts onto one card.
With this card, you benefit from a 0% interest rate for 12 months on balance transfers made within 90 days of account opening. Transfer fees are a competitive 3%.
This card offers fraud protection, guaranteeing the security of your transactions.
If you want to transfer balances from high-rate cards, the MBNA True Line® Mastercard® credit card allows you to benefit from a 0% rate and pay off your debts at your own pace without high-interest charges during the promotional period.
In short, the MBNA True Line® Mastercard® credit card is an excellent choice for reducing debt and optimizing balance transfers.
The PC World Elite Mastercard currently offers a 50,000 PC Optimum points welcome bonus after spending $100 at participating stores within 60 days of approval, with no annual fee. With this Card:
This means you get between 1% and 4.5% back on your purchases made at PC Optimum stores. You can then use your points for discounts at checkout or convert them into $7 credit per 10,000 points directly on your card balance.
Additionally, this card includes travel medical insurance, rental car collision insurance, a concierge service, and 90-day purchase assurance—rare benefits for a no-annual-fee card.
on PC Financial's website
Looking for a Scene+ credit card with no annual fee? The Scotiabank Scene+ Visa Card is ideal for students or those who don’t want to pay annual fees.
For a limited time, you can earn up to 5,000 bonus Scene+ points within your first 3 months (2,500 points after $250 and an additional 2,500 points after $1,000 in spending). Enough to get you about $50 towards a trip or your grocery purchases.
With the Scotiabank Scene+ Visa Card, you earn 2 points for every dollar spent at Sobeys, Safeway, IGA, Foodland, participating Co-ops, FreshCo and more.
You also earn 2 points for every dollar spent at Home Hardware and at Cineplex.
And you get 1 point Scene+ on all your other purchases.
It’s a great Visa credit card with no annual fee to get Scene+ points.
on Scotiabank's website
Do you want a cash back credit card with no annual fee that earns travel points? Here’s an option for you: American Express® Green Card.
By signing up for the American Express® Green Card, you can earn 10,000 Membership Rewards Welcome Bonus Points when you charge $1,000 in purchases to your Card in the first 3 months of Cardmembership. This is a $100 value for travel or any purchase on the Card.
You can also transfer your points to airline partners (Aeroplan, British Airways Executive Club, Flying Blue, etc.) and hotel partners (Marriott Bonvoy, Hilton Honors).
For example, with this welcome offer, if you decide to transfer your Membership Rewards points to a partner loyalty program, you would have the choice of earning:
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.
on American Express's website
Apply with confidenceCheck whether your application will be approved before you submit it, with no impact on your credit score*When you apply for a personal American Express Credit Card, we will tell you whether you are eligible without affecting your credit score. So you can apply with confidence.*Instant decisions are only available for consumer Card applications (also called “personal Cards”).
The Neo World Mastercard® – Everywhere is designed for those who want simple and consistent cash back, without tracking categories. One single rate, 1% on every purchase, with no cap.
With no annual fee, it’s a « set it and forget it » card: no optimization required, no categories to activate. You also benefit from additional cash back at over 10,000 Neo partner merchants, and the cash back is deposited directly into your Neo wallet.
With an instant credit limit of up to $30,000, it’s a hassle-free option to earn rewards on every expense.
