15 Best No-Fee Credit Cards in Canada
In today’s competitive financial market, many credit card providers are offering no-fee options to Canadian consumers. These credit cards provide great perks and benefits without the burden of an annual fee. The following is a list of 15 best no-fee credit cards available in Canada:
1. Tangerine Money-Back Credit Card: With unlimited cashback rewards, this card offers 2% cashback on up to three spending categories and 0.5% on all other purchases.
2. SimplyCash Card from American Express: Get 1.25% cashback on all eligible purchases with no limit to the amount you can earn.
3. PC Financial Mastercard: Earn points for every dollar spent on PC-affiliated stores, redeemable for groceries and more at Loblaws-owned stores.
4. BMO CashBack Mastercard: Earn 3% cashback on grocery purchases, 1% on recurring bills, and 0.5% on all other purchases.
5. Scotia Momentum No-Fee VISA Card: With up to 1% cashback on everyday purchases, this card offers excellent savings potential.
6. Home Trust Preferred Visa: Enjoy a solid 2% cashback on purchases in foreign currencies and a standard rate of 1% on Canadian transactions.
7. MBNA Rewards Platinum Plus Mastercard: Earn points on every dollar spent and redeem for travel, merchandise, or statement credits.
8. Rogers World Elite Mastercard: Get up to 3% cashback on USD transactions and enjoy perks like travel insurance and extended warranty protection.
9. KOHO Prepaid Visa Card: This prepaid card offers up to 2% cashback and helps users manage money by automatically allocating funds according to their budgeting goals.
10. Canadian Tire Triangle Mastercard: Earn rewards on everyday purchases at Canadian Tire stores, affiliated partners, and petrol stations.
11. Walmart Rewards Mastercard: Collect points when shopping at Walmart or anywhere else Mastercard is accepted, redeemable for purchases in-store or online.
12. Desjardins Classic Visa: Offers 1% cashback on all purchases with no annual fee.
13. RBC Cash Back Mastercard: Earn up to 2% cashback on grocery store purchases and up to 1% on all other eligible transactions.
14. CIBC Dividend Visa Card: Offering a flat rate 2% cashback on eligible grocery store purchases and 0.5% on everything else, this card provides great value for everyday spending.
15. National Bank ECHO Cashback Mastercard: Earn up to 1.5% cashback on your everyday spending.
With so many no-fee credit cards available in Canada, it’s easier than ever to enjoy excellent rewards without the stress of an annual fee. Make sure to compare the different offers and consider which card suits your spending habits best before applying for one of these top-rated options.