CreditCardGuru

Best No Annual Fee Credit Cards in Canada

Updated June 2026 · Independently rated by the CreditCardGuru editorial team

The best no annual fee credit cards in Canada earn cash back or rewards without ever charging you to hold the card. They're ideal as a free everyday card or a long-term keeper to maintain your credit history.

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#4
BMO CashBack Mastercard
BMO®

BMO® CashBack Mastercard®

4.3·No-fee grocery cash back — a great first or student card
Annual fee
No annual fee
Welcome bonus
~$125
Top reward
3% groceries
  • Strong no-fee grocery rate
  • Easy approval, good for students

Suggested score 600+ · Fair credit

Apply nowView details
#5
Tangerine Money-Back World Mastercard
Tangerine®

Tangerine® Money-Back World Mastercard®

4.3·Higher earners who want the Tangerine 2% category system upgraded with insurance and travel perks at no cost.
Annual fee
No annual fee
Welcome bonus
~$100
Top reward
2% 2% category of your choice
  • All the Money-Back card's earning power plus real insurance and travel extras
  • Mobile device and rental car coverage on a $0-fee card is rare

Suggested score 660+ · Good credit

Apply nowView details
#9
Neo Secured Card
Neo® Financial

Neo® Secured Card

4.1·Rebuilding credit while still earning cash back
Annual fee
No annual fee
Top reward
1% everyday spending
  • Rare secured card that earns cash back
  • No annual fee on the standard tier

Suggested score 560+ · Building credit

Apply nowView details
#10
Scotiabank American Express Card
Scotiabank®

Scotiabank® American Express® Card

4.1·Budget-conscious earners who want Gold Amex-style category earning without paying an annual fee.
Annual fee
No annual fee
Welcome bonus
~$100
Top reward
3x sobeys-family grocery stores
  • Best-in-class earn rates for a no-fee card
  • Mobile device insurance is rare at $0 annual fee

Suggested score 660+ · Good credit

Apply nowView details
#11
Triangle World Elite Mastercard
Guru PickCanadian Tire® Bank

Triangle® World Elite Mastercard®

4.1·Drivers and Canadian Tire/Sport Chek shoppers who want strong no-fee rewards plus free roadside assistance.
Annual fee
No annual fee
Top reward
4% canadian tire, sport chek, mark's, party city & partner stores
  • Outstanding value for a no-fee card: 4% at Canadian Tire family stores and 3% on groceries
  • Free Gold roadside assistance is a genuine ~$100 annual perk

Suggested score 720+ · Excellent credit

Apply nowView details
#14
CIBC Costco Mastercard
CIBC®

CIBC® Costco® Mastercard®

4.0·Costco members who dine out and fill up at Costco gas regularly.
Annual fee
No annual fee
Top reward
3% restaurants
  • Strong 3% on restaurants and Costco gas with no fee
  • Mobile device insurance is rare on no-fee cards

Suggested score 660+ · Good credit

Apply nowView details
#15
PC World Elite Mastercard
PC® Financial

PC® World Elite Mastercard®

4.0·Loyal Loblaws, No Frills, Superstore and Shoppers Drug Mart shoppers who want maximum free groceries with no fee.
Annual fee
No annual fee
Welcome bonus
~$20
Top reward
45x shoppers drug mart / pharmaprix
  • Excellent no-fee returns at Loblaw, Shoppers and Esso
  • Rare no-fee inclusions: travel medical, rental car coverage and concierge

Suggested score 720+ · Excellent credit

Apply nowView details
#17
Neo World Mastercard
Neo® Financial

Neo® World Mastercard®

3.8·Cost-conscious spenders who want solid no-fee cashback on everyday essentials.
Annual fee
No annual fee
Top reward
2% groceries
  • 2% on groceries, gas, and bills with no annual fee
  • Flexible reward plans and instant redemption

Suggested score 660+ · Good credit

Apply nowView details
#18
Home Trust Preferred Visa
Home Trust®

Home Trust® Preferred Visa®

3.8·Budget-conscious travellers and cross-border shoppers who want to avoid FX fees without paying an annual fee.
Annual fee
No annual fee
Top reward
1% all eligible purchases
  • One of the only no-fee cards in Canada with 0% FX fees
  • Uncapped 1% cash back with a very low $15,000 income requirement

Suggested score 660+ · Good credit

Apply nowView details

No FX fee

#20
MBNA Rewards Platinum Plus Mastercard
MBNA®

MBNA® Rewards Platinum Plus Mastercard®

3.7·Budget-conscious earners who want no-fee points on groceries and dining, or a downgrade path from the World Elite.
Annual fee
No annual fee
Welcome bonus
~$100
Top reward
2x groceries
  • One of the best no-fee welcome bonuses in Canada
  • Solid 2x earning on groceries, dining and household bills

Suggested score 720+ · Excellent credit

Apply nowView details
#21
Rogers Red Mastercard
Rogers® Bank

Rogers® Red Mastercard®

3.7·Rogers or Fido customers who don't meet World Elite income requirements but still want 2% cashback.
Annual fee
No annual fee
Top reward
2% u.s. dollar purchases
  • 2% cashback everywhere for Rogers-family customers with no fee
  • Useful telecom perks like free roaming days and 0% phone financing

Suggested score 660+ · Good credit

Apply nowView details
#22
American Express Green Card
American Express®

American Express® Green Card

3.6·Points beginners who want a no-fee entry into the Membership Rewards ecosystem.
Annual fee
No annual fee
Welcome bonus
~$200
Top reward
1x all purchases
  • Rare no-fee access to fully transferable Membership Rewards points
  • Decent 10,000-point welcome bonus for a no-fee card

Suggested score 660+ · Good credit

Apply nowView details
#23
CIBC Aeroplan Visa Card
CIBC®

CIBC® Aeroplan® Visa® Card

3.6·Casual Aeroplan collectors who refuse to pay an annual fee.
Annual fee
No annual fee
Welcome bonus
~$200
Top reward
1x gas & ev charging
  • No annual fee entry into the Aeroplan program
  • Includes rental car insurance, rare on a no-fee card

Suggested score 660+ · Good credit

Apply nowView details
#24
RBC ION Visa
RBC®

RBC® ION® Visa®

3.6·Students and budget-conscious spenders who want everyday rewards without an annual fee.
Annual fee
No annual fee
Welcome bonus
~$50
Top reward
1.5x groceries
  • Solid no-fee earn rates on everyday essentials
  • Good starter card for students and credit builders

Suggested score 600+ · Fair credit

Apply nowView details
#25
BMO eclipse rise Visa Card
BMO®

BMO® eclipse® rise Visa® Card

3.6·Credit builders and younger cardholders who want a no-fee card that rewards good financial habits.
Annual fee
No annual fee
Welcome bonus
~$175
Top reward
2.5x recurring bill payments
  • No annual fee with bonus categories on bills, groceries, and dining
  • Annual bonus points reward good payment habits

Suggested score 660+ · Good credit

Apply nowView details
#26
Desjardins Cash Back Mastercard
Desjardins®

Desjardins® Cash Back Mastercard®

3.6·Desjardins members who want no-fee cash back on dining, entertainment and recurring bills with bonus short-trip insurance.
Annual fee
No annual fee
Top reward
2% restaurants
  • Solid 2% categories on a no-fee card
  • Rare no-fee card with travel medical insurance (3 days) and mobile device coverage

Suggested score 660+ · Good credit

Apply nowView details
#27
CIBC Aventura Visa Card for Students
CIBC®

CIBC® Aventura® Visa® Card for Students

3.5·Post-secondary students building credit who want a first travel-rewards card.
Annual fee
No annual fee
Welcome bonus
~$125
Top reward
1x gas & ev charging
  • No income requirement makes approval accessible for students
  • Free SPC+ membership adds real student value

Suggested score 600+ · Fair credit

Apply nowView details
#28
TD Rewards Visa Card
TD® Bank

TD® Rewards Visa® Card

3.4·Budget-conscious spenders who want no-fee points on everyday categories with flexible redemption.
Annual fee
No annual fee
Welcome bonus
~$76
Top reward
4x expedia for td bookings
  • Best-in-class no-fee earn on groceries, dining and transit (3x)
  • Mobile device insurance is rare on a no-fee card

Suggested score 660+ · Good credit

Apply nowView details
#30
CIBC Adapta Mastercard
CIBC®

CIBC® Adapta® Mastercard®

3.4·Hands-off cardholders whose spending shifts month to month and drivers who value roadside assistance.
Annual fee
No annual fee
Welcome bonus
~$100
Top reward
2x travel via cibc by expedia
  • Adaptive top-category bonus requires zero planning
  • Free roadside assistance is unique for a no-fee card

Suggested score 660+ · Good credit

Apply nowView details
#31
RBC Cash Back Mastercard
RBC®

RBC® Cash Back Mastercard®

3.4·No-fee seekers and students who put most of their spending on groceries.
Annual fee
No annual fee
Welcome bonus
~$70
Top reward
2% grocery store purchases
  • Strong no-fee grocery earn rate
  • Flexible on-demand cash back redemption

Suggested score 600+ · Fair credit

Apply nowView details
#32
BMO CashBack Business Mastercard
BMO®

BMO® CashBack Business Mastercard®

3.4·Cost-conscious small businesses that want simple cash back on gas, office supplies, and telecom with no fee.
Annual fee
No annual fee
Welcome bonus
~$150
Top reward
1.5% gas stations
  • Solid no-fee earn on common business expenses
  • Useful intro balance transfer offer for cash flow

Suggested score 660+ · Good credit

Apply nowView details
#33
Brim Mastercard
Brim® Financial

Brim® Mastercard®

3.4·Light spenders who want a no-fee card with below-average FX fees and fintech app features.
Annual fee
No annual fee
Top reward
0.5x all purchases
  • Low 1.5% FX fee and mobile device coverage on a no-fee card
  • Accessible $15,000 income requirement

Suggested score 660+ · Good credit

Apply nowView details
#34
CIBC Aventura Visa Card
CIBC®

CIBC® Aventura® Visa® Card

3.3·Budget-conscious cardholders who want simple travel points without an annual fee.
Annual fee
No annual fee
Welcome bonus
~$125
Top reward
1x gas & ev charging
  • No-fee access to flexible travel rewards
  • Decent 1x earn on gas, groceries and drug stores

Suggested score 660+ · Good credit

Apply nowView details
#35
Scotia Momentum No-Fee Visa Card
Scotiabank®

Scotia Momentum® No-Fee Visa® Card

3.3·First-time cardholders or balance transferrers who want a free everyday cash back card.
Annual fee
No annual fee
Welcome bonus
~$200
Top reward
1% groceries
  • Solid 10% intro cash back offer for a no-fee card
  • Useful 0% balance transfer intro offer

Suggested score 660+ · Good credit

Apply nowView details
#36
BMO Blue Rewards Mastercard
BMO®

BMO® Blue Rewards Mastercard®

3.3·Casual Blue Rewards collectors who want a no-fee keeper card for partner spending.
Annual fee
No annual fee
Welcome bonus
~$135
Top reward
5x blue rewards partners (incl. blue rewards travel)
  • No-fee way to earn in the new Blue Rewards ecosystem
  • Easy welcome bonus with a low spend requirement

Suggested score 660+ · Good credit

Apply nowView details
#37
TD Cash Back Visa Card
TD® Bank

TD® Cash Back Visa® Card

2.8·TD loyalists who want a simple, no-fee cash back card for light spending.
Annual fee
No annual fee
Top reward
1% groceries
  • No fee and no income requirement
  • Cash back never expires and can be redeemed anytime

Suggested score 660+ · Good credit

Apply nowView details

No Annual Fee credit cards: FAQ

What is the best no annual fee credit card in Canada?

The Tangerine Money-Back Credit Card is our top no-fee pick for its customizable 2% categories. For dining, the Simplii Financial Cash Back Visa earns 4% at restaurants with no fee.

Are no annual fee cards worth it?

Yes — a good no-fee card earns real rewards at zero cost and is worth keeping open long-term to lengthen your credit history, even if you upgrade to a premium card later.

Want to see how these stack up against every other card? Compare all credit cards or read how we rate cards.

Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.

Written by

C

CreditCardGuru Editorial Team

Rewards & Cards Research

Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.

  • 200+ Canadian cards tracked
  • Transparent rating methodology
  • Updated continuously

Cite this page

“Best No Annual Fee Credit Cards in Canada” — CreditCardGuru, https://creditcardguru.ca/best/no-fee.

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