Best No Annual Fee Credit Cards in Canada

No FX fee

Guru Pick Tangerine

Tangerine Money-Back Credit Card

4.4·No-fee cash back with customizable bonus categories

Annual fee: No annual fee
Welcome bonus: $100
Top reward: 2% groceries (a 2% category)

Pick the 2% categories that match your spending
Truly no-fee with monthly payouts

Suggested score 660+ · Good credit

Guru Pick Canadian 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

Rogers Bank

Rogers Red World Elite Mastercard

4.4·Simple flat-rate cash back and US-dollar spending

Annual fee: No annual fee
Welcome bonus: $60
Top reward: 3% us-dollar purchases

Flat 1.5% on everything with no fee
Uniquely good for US-dollar spending

Suggested score 720+ · Excellent credit

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

Scotiabank

Scotia Momentum® No-Fee Visa* Card

4.3·First-time cardholders or balance transferrers who want a free everyday cash back card.

Annual fee: No annual fee
Welcome bonus: $100
Top reward: 1% groceries

Up to 6 cents off/litre at Shell
Solid 5% intro cash back offer for a no-fee card

Suggested score 660+ · Good credit

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

Save up to 8 cents/litre at Shell
All the Money-Back card's earning power plus real insurance and travel extras

Suggested score 660+ · Good credit

Neo Financial

Neo World Elite Mastercard

4.2·No-fee cash back with high rates at partner merchants

Annual fee: No annual fee
Welcome bonus: $75
Top reward: 1% everyday spending

No-fee with strong partner cash back
Large network of partner merchants

Suggested score 720+ · Excellent credit

Simplii Financial

Simplii Financial™ Cash Back Visa* Card

4.2·No-fee dining cash back

Annual fee: No annual fee
Welcome bonus: $100
Top reward: 4% restaurants, bars & coffee shops

Excellent no-fee dining rate
Useful 1.5% on gas, groceries and bills

Suggested score 660+ · Good credit

#10

MBNA

MBNA True Line Mastercard

4.1·Paying down debt with a low rate and a 0% balance transfer

Annual fee: No annual fee
Top reward: No rewards

Low ongoing purchase rate
0% intro balance-transfer offer

Suggested score 660+ · Good credit

#11

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

#12

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

#13

Home Trust

Home Trust Secured Visa

4.0·Building or rebuilding credit with no annual fee

Annual fee: No annual fee
Top reward: No rewards

No annual fee secured card
Approval with poor or no credit history

Suggested score 560+ · Building credit

#14

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

#15

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

#16

Scotiabank

Scotiabank®SCENE+™ Visa* Card

4.0·No-fee Scene+ points — a solid first or student card

Annual fee: No annual fee
Welcome bonus: $50
Top reward: 2x groceries (sobeys group)

Save up to 10 cents off/litre at Shell
No-fee Scene+ earning

Suggested score 600+ · Fair credit

#17

American Express

SimplyCash Card from American Express

3.9·No-fee seekers who want simple, above-average flat cash back on everyday spending.

Annual fee: No annual fee
Welcome bonus: $100
Top reward: 2% groceries

1.25% everywhere is among the best no-fee base rates in Canada
Simple, automatic cash back with no categories to activate

Suggested score 660+ · Good credit

#18

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

#19

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

No FX fee

#20

CIBC Dividend Visa Card for Students

3.7·Students who want simple cash back and credit-building with no fee.

Annual fee: No annual fee
Welcome bonus: $125
Top reward: 2% groceries

Real cash back welcome bonus on a student card
SPC+ membership included free

Suggested score 600+ · Fair credit

#21

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

#22

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

#23

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

#24

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

#25

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

#26

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

#27

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

#28

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

#29

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

#30

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

#31

CIBC Dividend Visa Card

3.4·No-fee shoppers whose spending is concentrated on groceries.

Annual fee: No annual fee
Top reward: 2% groceries

Solid no-fee grocery rate
Simple, flexible cash back redemption

Suggested score 660+ · Good credit

#32

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

#33

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

#34

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

#35

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

#36

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

#37

Fairstone Bank of Canada

Walmart Rewards Mastercard

3.0·Households who do at least half their card spending at Walmart

Annual fee: No annual fee
Welcome bonus: $25
Top reward: 3% walmart purchases

3% back at Walmart, in store and online, with no annual fee
Reward Dollars never expire and redeem instantly at the till

Suggested score 660+ · Good credit

#38

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