Best No Foreign Transaction Fee Credit Cards | January 2025

Best No Foreign Transaction Fee Credit Cards – January 2025

These credit cards are among the only credit cards in Canada that do not charge a conversion fee for foreign currency transactions. You’ll save 2.5% on each foreign transaction!

Here is a table summarizing the different offers. For more details, read on or click on the name of a card.

Scotiabank Gold American Express^® Card

The Scotiabank Gold American Express® Card only requires a minimum income of $12,000, making it accessible to the greatest number of people.

Until July 1, 2025, you can earn up to 40 000 Scene+ points in welcome bonus, broken down as follows:

20,000 Scene+ points with $2,000 in net purchases in the first 3 months
20,000 Scene+ points by making $7,500 in purchases on the card in the first year

That’s $400 worth of 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 by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés Tradition, Rachelle Béry and Co-Op.

Also, you earn 5 points per dollar for:

Grocery stores
Restaurants
Entertainment centers

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 currency transaction fees, excellent travel and purchase insurance, concierge service and exclusive American Express benefits (Front of the Line Program).

Scotiabank Passport™ Visa Infinite* Card

With this welcome offer for the Scotiabank Passport Visa Infinite Card, you’ll receive up to 40,000 Scene+ points in welcome bonus (a $400 value):

30,000 points after $2,000 in purchases in the first three months
10,000 points after $40,000 in purchases in the first year

Then, each year, if you make at least $40,000 in purchases on the card, you’ll earn an annual bonus of at least 10,000 points, a value of $100.

With the Scotiabank Passport Visa Infinite Card, you earn 3 points per dollar spent at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, and Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés Tradition, Rachelle Béry and Co-Op.

You’ll also earn 2 points for every dollar you spend, including on foreign purchases, in the following categories:

Grocery shopping
Restaurants
Entertainment centers
Transit

The Scotiabank Visa Infinite Passport is an excellent Visa credit card for this type of purchase.

These points can be used against any travel purchase at the rate of1,000 points = $10 (flights, hotels, all-inclusives and even Airbnb). You can also redeem your points for cash back at Scene+, for example, at your local grocery store checkout at the same rate of 1,000 points = $10.

The Scotiabank Visa Infinite Passport also offers :

No fees for foreign currency transactions
6 access to VIP airport lounges
Excellent insurance for your travels and purchases
Concierge service

We voted this credit card the Best No-FX Fee Credit Card of 2024.

Scotiabank Platinum American Express^® Card

For a limited time, by subscribing to Scotiabank Platinum American Express® Card, you can earn up to 80,000 points. That’s a value of $800 for trips including Airbnb.

With Scotiabank Platinum American Express® Card, you earn 2 points per dollar spent on all your purchases. You can redeem your points on travel purchases (flights, hotels, all-inclusive and even Airbnb). And you can also use them for other rewards in the Scene+ program, such as cash back.

What’s more, with this card you pay no fees for foreign currency transactions, and you get 10 free accesses to airport VIP lounges like Priority Pass and Premium Plaza.

And you get excellent insurance for your travels or purchases, concierge service, and exclusive American Express Offers (American Express Invites Program).

KOHO Premium Mastercard Prepaid Card

Special offer:

Enter the code KOHOMILES when applying for your card.
Get 3 months of the Extra Plan for free (a $9 discount per month) and $20 cash back

The features of KOHO Extra Prepaid Mastercard (formerly known as KOHO Premium Mastercard Prepaid Card) are as follows:

Earn an extra 1.5% cashback on eating & drinking, billing & services, and groceries on top of minimum 0.25% cash back on all purchases. Plus, up to 50% extra cashback from select merchants.
Accepted at Costco.
Earn 4% interest on both your spending and savings account. Your funds will also be eligible for CDIC insurance. Interest rates are per year, calculated daily, paid monthly, and can change at any time without notice.
$9/month or $84/year to access Extra Plan features.
No Foreign Exchange fees on any purchases.
Also get access to 1 free international ATM withdrawal per month.

Frequent Asked Questions about credit cards

Here are frequently asked questions in the milesopedia community about credit cards in Canada.

What is the best Visa credit card in Canada with no foreign transaction fee?

There are several credit cards with no conversion fees:

What is the best Visa credit card with no foreign transaction fee?

The best no foreign transaction fee VISA credit card is the Scotiabank Passport™ Visa Infinite* Card.

What is the best American Express credit card with no foreign transaction fee?

The best American Express credit card with no FX-fee is the Scotiabank Gold American Express^® Card.

What is the best-prepaid card with no foreign transaction fee?

The best-prepaid card with no foreign transaction fee is the KOHO Extra Mastercard. With this prepaid card, you can earn up to 1% cash back on your purchases. And you pay no conversion fees for your foreign currency transactions.

Read all about the KOHO Mastercard prepaid card.