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.
