Updated June 2026 · Independently rated by the CreditCardGuru editorial team
The best no foreign transaction fee credit cards in Canada let you spend abroad and shop in U.S. dollars without the usual 2.5% surcharge that most cards add to every foreign-currency purchase. They're a must for frequent travellers and anyone who buys from international online stores.
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The Scotiabank Passport Visa Infinite and the Scotiabank Gold American Express both waive the standard 2.5% foreign transaction fee on purchases made in any currency other than Canadian dollars — including online orders from foreign retailers.
Most Canadian credit cards charge 2.5% on every purchase made in a foreign currency. On a $5,000 trip that's $125 in fees alone — which a no-FX card eliminates entirely.
Yes. Because the fee applies to any non-Canadian-dollar transaction, a no-FX card saves you 2.5% on U.S.-dollar online shopping and cross-border purchases, not just overseas travel.
Want to see how these stack up against every other card? Compare all credit cards or read how we rate cards.
Written by
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.
Cite this page
“Best No Foreign Transaction Fee Credit Cards in Canada” — CreditCardGuru, https://creditcardguru.ca/best/no-fx.
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