Earn 45,000 Points + First-Year Free + 4 Airport Lounge Visits
featured credit cards 1

The Best No Annual Fee Credit Card Offers – November 2022

To the point Here are the best credit card offers with no annual fee to build your credit history!

When you’re just starting or don’t have a great credit history, it’s best to apply for a credit card with no annual fee that you’ll keep from year to year! Thus, this credit card will be the basis of your credit history, a major asset in establishing your credit score!

On milesopedia, we compare nearly 180 credit cards available in Canada to show you the best offers available at this time.

To help you find your way around, we’ve created dozens of categories like Aeroplan, AIR MILES, Costco, Airbnb, Grocery, etc.

And to simplify your choice, we’ve compiled the best no-annual-fee credit card offers of the month in this article.

If you want more information about a card, click on the card’s name or image!

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.

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

Tangerine Money-Back Credit Card

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

Through December 29, 2022, you can earn an additional 15% back (up to $150) 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.

Best Western Rewards Mastercard

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.

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.

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

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.

SimplyCash® Card from American Express

Do you want a cash back credit card with no annual fee and a great earning rate for everyday purchases? Here’s an option for you: the SimplyCash® Card from American Express.

With this no-annual-fee credit card, you earn:

  • 2% cash back on gas purchases
  • 2% cash back on grocery purchases
  • 1.25% cash back on all other purchases

And with this welcome offer, you can earn a $10 statement credit for each monthly billing period in which you spend $300 in purchases on your Card in the first 10 months ( up to $100 in statement credits).

And you benefit from several coverages: $100,000 travel accident, Purchase Protection, and Buyer’s Assurance® Protection Plan.

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

BMO® AIR MILES® Mastercard®*

With this exclusive offer for the BMO® AIR MILES® Mastercard®*, you earn 1,500 AIR MILES Bonus Miles after $1,000 in Card purchases, representing a $150 cash value. Besides, it’s a no-annual-fee credit card.

With the BMO® AIR MILES® Mastercard®*, you get 3x the Miles for every $25 spent at participating AIR MILES Partners. And 1 mile for every $25 you spend, Costco included.

Also, you can get a 0.99% introductory rate on balance transfers for 9 months (a 2% fee applies to balance amount transferred).

Come to discuss that topic in our Facebook Group!

Suggested Reading