Looking for the best No Foreign Transaction Fee Cards in Canada? The right choice depends on your spending, annual fees and the benefits you will actually use.
Compare the 5 cards in our selection below. Interested in a card? Click Read review to read our full analysis.
on TD's website
| Credit card | Annual fee | Welcome offer | |
|---|---|---|---|
| $240 | |||
| $240 | |||
| $120 | |||
| $150 | |||
| $399 |
Exclusive welcome offer: earn up to $500 cash back on your first $10,000 in purchases during the 30 days after approval, for 5% cash back (2% base + 3% boost).
| Purchases in the first 30 days | Base cash back (2%) | Boost (3%) | Total cash back (5%) |
|---|---|---|---|
| $2,500 | $50 | $75 | $125 |
| $5,000 | $100 | $150 | $250 |
| $10,000 | $200 | $300 | $500 |
The 3% boost only applies to the first $10,000 in net purchases during the 30 days after approval; beyond that, purchases earn the standard 2%. The card must stay open for 180 days after the boosted period.
With the Wealthsimple Visa Infinite + Card, earn 2% cash back on all your purchases, with no categories to track and no cap.
In addition, there are no foreign exchange fees on any purchase made in a currency other than the Canadian dollar, and no annual fee if you hold more than $100,000 in assets with Wealthsimple, or if you transfer the direct deposit of an eligible payroll to Wealthsimple.
To be eligible for this card, you must meet one of the following: a personal income of at least $80,000, a household income of at least $150,000, a minimum annual spend of $25,000, or at least $300,000 in assets with Wealthsimple.
Some travel insurance is not currently offered to Quebec residents.
on Wealthsimple's website
Exclusive welcome offer: earn up to $500 cash back on your first $10,000 in purchases during the 30 days after approval, for 5% cash back (2% base + 3% boost).
| Purchases in the first 30 days | Base cash back (2%) | Boost (3%) | Total cash back (5%) |
|---|---|---|---|
| $2,500 | $50 | $75 | $125 |
| $5,000 | $100 | $150 | $250 |
| $10,000 | $200 | $300 | $500 |
The 3% boost only applies to the first $10,000 in net purchases during the 30 days after approval; beyond that, purchases earn the standard 2%. The card must stay open for 180 days after the boosted period.
With the Wealthsimple Visa Infinite Privilege Card, get 2% cash back on all your purchases, with no annual limit.
In addition, there are no foreign exchange fees for any purchase made in a currency other than the Canadian dollar and no annual fees if you hold more than $100,000 in assets with Wealthsimple, or if you transfer direct deposit of an eligible payroll to Wealthsimple.
Some travel insurance is not currently offered to Quebec residents.
on Wealthsimple's website
The Scotiabank Gold American Express Card offers an excellent welcome bonus.
Until November 1, 2026, you can earn up to 50,000 bonus Scene+ points, broken down as follows:
This represents a value of up to $500 for travel (including Airbnb).
With the Scotiabank Gold American Express Card, you earn 6 points per dollar spent at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà par IGA, Voilà by Safeway, Chalo! grocery stores. FreshCo, Thrifty Foods, IGA West, Les Marchés Tradition, Rachelle Béry and Co-Op.
Also, you earn 5 points per dollar for:
And 3 points per dollar on gas, transit and streaming services purchases.
You can redeem your points on travel purchases (flights, hotels, all-inclusive and even Airbnb). You can also use your points as cash back rewards with Scene+.
The Scotiabank Gold American Express Card also offers no foreign transaction fees, excellent insurance for your travel or purchases, concierge service, exclusive American Express benefits like the Front of the Line program.
on Scotiabank's website
With this welcome offer for the Scotiabank Passport Visa Infinite +* Card +* CardMC, you’ll earn 25,000 welcome bonus Scene+ points after charging $2,000 in purchases to your account within the first three months.
Plus, every year, earn an annual bonus of at least 10,000 Scene+ points when you charge at least $40,000 in purchases to your account. In total, the offer represents up to 35,000 Scene+ points and a value of up to $1,250 in the first year, including rewards, savings on foreign transaction fees and airport lounge access.
With the Scotiabank Passport Visa Infinite +* Card, you earn 3 points per $1 spent at Sobeys, IGA, Safeway, Foodland and participating Co-ops, and 2 points per $1 spent at other grocery stores, restaurants, eligible entertainment and eligible daily transit. You earn 1 point per $1 on all your other everyday purchases.
These points can be redeemed against any travel purchase at a rate of 1,000 points = $10 (flights, hotels, all-inclusives and even Airbnb), or as cash back with Scene+ at the same rate.
The Scotiabank Passport Visa Infinite +* Card also offers:
We have named this credit card the Best Credit Card with No Foreign Transaction Fees in 2024, 2025, and 2026.
on Scotiabank's website
For a limited time, by signing up for the Scotiabank Platinum American Express® Card, you can earn up to 100,000 Scene+ points, worth up to $3,000 in value over the first 14 months (including about $1,000 in travel rewards from the bonus points).
With the Scotiabank Platinum American Express® Card, you earn 2 points per dollar spent on all purchases. These points can be used against any travel purchase (plane tickets, hotels, all-inclusives, and even Airbnb), and you can also use them for other rewards in the Scene+ program, like cash back.
Plus, with this card, you pay no foreign transaction fees, and you get 10 free accesses to VIP airport lounges (Priority Pass).
And you benefit from excellent insurance for your trips and purchases, premium concierge service, and exclusive American Express Invitations offers.
on Scotiabank's website
