Up to 100,000 Points + First-Year Free!
best currency cards featured

The three best credit cards with no foreign transaction fees

To the point

Are you looking for a no foreign transaction fee credit card? Here are the 3 best credit cards in Canada!

Credit cards with no foreign transaction fees

Most Canadian credit cards charge a conversion fee for foreign currency transactions. It’s usually a 2.5% fee.

If you use your card to make purchases abroad or online in non-Canadian currency, it may be worthwhile to get a credit card with no foreign transaction fees!

Here are the best 3 travel credit cards with no foreign transaction fees in Canada:

HSBC World Elite® Mastercard®

The HSBC World Elite® Mastercard® is a great credit card with no foreign transaction fees, especially for travel purchases.

You can earn:

  • 6 points per dollar for travel purchases (flights, hotels, Airbnb, all-inclusive, etc)
  • 3 points per dollar for all other purchases

It’s a 1% to 3% value depending on your purchases!

You can redeem points for any travel purchase made with the card (flights, hotels, Airbnb, all-inclusive, etc.). But you can also transfer your points to three airline rewards programs: British Airways Executive Club, Asia Miles and Singapore Airlines Krisflyer.

Also, as it is a Mastercard, your can use it for all your Costco purchases!

Finally, with this card you get:

  • $100 annual travel enhancement credit (for airport lounges, for example)
  • Unlimited access to Boingo WiFi hotspots around the world
  • a 10% discount for hotel bookings on Expedia or Agoda

Check our review about this credit card.

Scotiabank Gold American Express® Card

Scotiabank Gold American Express® Card is a credit card with no foreign transaction fees, earning a lot of points for your purchases in Canada.

You can earn:

  • 5 points per dollar for groceries, restaurants, fast food or beverage outlets
  • 5 points per dollar for ready-to-cook meal subscriptions and meal delivery services
  • 5 points per dollar for entertainment (cinema, theatre, events tickets)
  • 3 points per dollar for gas
  • 3 points per dollar for public transportation, bus, subway, taxi, carsharing services like Uber
  • 3 points per dollar for streaming services like Netflix
  • 1 point per dollar everywhere else

It’s a 1% to 5% value depending on your purchases! Purchasing categories do generally not apply abroad. However, many cardholders reported in our Facebook group that they received 5 points per dollar on restaurants abroad! This is great, especially since this card does not charge any foreign transaction fees. So to be tested;)

You can redeem points for any travel purchase made with the card (flights, hotels, Airbnb, all-inclusive, etc.).

Check our review about this credit card.

The Scotiabank Passport™ Visa Infinite*

The Scotiabank Passport™ Visa Infinite* is an excellent credit card with no transaction fees, with travel benefits.

You can earn:

  • 2 points per dollar for groceries
  • 2 points per dollar for restaurants
  • 2 points per dollar for local transport (bus, subway, taxi, carsharing services)
  • 1 point per dollar for all other purchases

It’s a 1% to 2% value depending on your purchases! Purchasing categories also work abroad. For example, if you make your groceries in Florida, you’ll earn 2 points per dollar and won’t pay any foreign transaction fees!

You can redeem points for any travel purchase made with the card (flights, hotels, Airbnb, all-inclusive, etc.).

Besides, this card comes with a Priority Pass subscription and six free annual access to airport lounges.

Check our review about this credit card.

Conclusion

These three credit cards are all excellent choices for travellers: they provide travel points as well as extensive benefits and reliable insurance.

It’s up to you to make your choice!

Come to discuss that topic in our Facebook Group!

Suggested Reading