Here are the best no annual fee credit card offers in Canada:
American Express
American Express® Green Card
Do you want a cash back credit card with no annual fee that earns travel points? Here is an option for you: the American Express® Green Card.
By signing up for the American Express® Green Card, you can earn 10,000 Membership Rewards Welcome Bonus Points when you charge $1,000 in purchases to your Card in the first 3 months of Cardmembership. This is a $100 value for travel or any purchase on the Card.
You can also transfer your points to airline partners (Aeroplan, British Airways Executive Club, Flying Blue, etc.) and hotel partners (Marriott Bonvoy, Hilton Honors).
For example, with this welcome offer, if you decide to transfer your Membership Rewards points to a partner loyalty program, you would have the choice of obtaining..:
- 10,000 Aeroplan points
- 10,000 Avios points
- 7,500 Flying Blue Miles
- 12,000 Marriott Bonvoy points
That’s a nice welcome bonus for a credit card with no annual fee.
You’ll also have access to online promotional offers to earn points or rebates on your purchases with this no annual fee credit card.
Like all American Express Canada Cards, there is no minimum income requirement.
BMO
BMO eclipse rise Visa* Card
The new BMO eclipse rise Visa* Card is a no-annual-fee credit card with travel points, requiring no minimum income.
With this offer, you can earn up to 25,000 points as a welcome bonus:
- 20,000 points after $1,500 in purchases in the first 3 months
- 2,500 points when you redeem 12,000 points with the Pay with Points option over a 12-month period
- 2,500 points when you pay the balance on time for 12 months
What’s more, you can benefit from an interest rate of 0.99% on balance transfers for nine months (a 2% balance transfer fee applies).
With the new BMO eclipse rise Visa* Card, you earn :
- 5 points for every two dollars spent on recurring bill payments
- 5 points for every two dollars spent at the grocery store
- 5 points for every two dollars spent at restaurant and for takeaway
- 1 point per two dollars of purchases for all other purchase categories
You can use BMO Rewards points for all travel purchases made through theagency or website of your choice (airline tickets, hotels, car rentals, all-inclusives, Airbnb, etc.) or for rewards and gift cards on the BMO Rewards platform.
The new BMO eclipse rise Visa* Card also offers:
- Mobile Device Insurance
- Purchase Protection
- Extended warranty insurance
CIBC
CIBC Dividend® Visa* Card
The CIBC Dividend® Visa* Card is one of the best no-fee cash-back Visa credit cards in Canada.
For a limited time, earn 5% cash back (up to 100 $) during the period covered by your first 4 monthly statements.
Plus, get :
- 2% cash back on eligible grocery purchases†
- 1% cash back on eligible gas, electric vehicle charging, transportation and restaurant purchases and eligible recurring payments†
- 0.5% cash back on all other purchases†
This no-annual-fee CIBC credit card offers certain insurance coverages:
- $100,000 Common Carrier Accident Insurance
- Purchase Security and Extended Protection Insurance
MBNA
MBNA Smart Cash Platinum Plus® Mastercard®
MBNA Smart Cash Platinum Plus® Mastercard® is one of the best no-annual-fee cash-back credit cards in Canada.
With this card, you can get 2% on:
- gas purchases
- grocery purchases
Up to a monthly purchase limit of $500, and 0.5% cash back everywhere else.
For a limited time, you can earn 5% cash back for the first 6 months, a value of $150. It’s the best no-annual-fee MBNA credit card with cash back.
RBC
RBC ION Visa Card
Scotiabank
Scotiabank Scene+ Visa Card
Are you looking for a Scene+ credit card with no annual fee? The Scotiabank® Scene+™ Visa Card is ideal for students or those who don’t want to pay an annual fee.
For a limited time, you can earn up to 5,000 Scene+ points after spending $1,000 in the first three months. That’s enough to buy $50 worth of travel or groceries.
With the Scotiabank® Scene+™ Visa Card, you earn 2 points per dollar spent at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés Tradition, Rachelle Béry and Co-Op.
You’ll also earn 2 points for every dollar you spend at Home Hardware stores!
And you get 1 point Scene+ on all your other purchases.
It’s a great Visa credit card with no annual fee to get Scene+ points.
Tangerine
Tangerine Money-Back Credit Card
The Tangerine Money-Back Credit Card has no annual fee and offers cash back.
With this limited-time welcome offer, you can earn an additional 10% cash back (up to $100) when you spend up to $1,000 on everyday purchases during the first 2 months.
You can choose two to three purchase categories that interest you (groceries, gas, home furnishings, renovations, recurring bills, pharmacy, etc.) to earn 2% cash back ! And there’s no annual cash-back limit. It is one of the best credit cards for renovations.
In addition, the Tangerine Mastercard offers several insurance coverages for your purchases :
- 90 days purchase insurance
- One year extended warranty
Finally, during the first 30 days you hold the card, transfer credit card balances and pay only 1.95% interest on these balances for the first 6 months.