Best No-Fee Credit Cards in Canada: Save Money and Earn Rewards.

Are you tired of paying annual fees for your credit card? Look no further! In this article, we’ll explore the best no-fee credit cards in Canada, offering rewards, benefits, and savings.

No-fee credit cards offer a cost-effective way to earn rewards, enjoy benefits, and build credit. With various options available, choosing the right card can be overwhelming.

Top No-Fee Credit Cards:

1. PC Financial Mastercard: Earn 3% cash back on groceries.
2. TD Cash Back Visa Card: Earn 10% cash back on all purchases in the first 3 months.
3. CIBC Dividend Visa Card: Earn 4% cash back on gas and grocery purchases.
4. Scotiabank Scene Visa Card: Earn 5% cash back on entertainment purchases.
5. American Express SimplyCash Preferred Card: Earn 2% cash back on all purchases.

RBC ION Visa Card

With the RBC ION Visa card, you can get a welcome bonus of 6,000 Avion points on approval.

With this no-annual-fee RBC credit card, you can earn 1.5 Avion points per dollar for :

• Groceries
• Travel, fuel and recharging for electric vehicles
• Streaming, Digital Gaming & Subscriptions

And 1 Avion point per dollar for all other purchases. Plus, save 3¢/L on gas at Petro-Canada and earn 20% more points when you pay with a linked RBC card.

Rogers Mastercard^®

The Rogers Red Mastercard® is one of the best no-annual-fee credit cards in Canada, especially for Rogers, Fido or Shaw customers.

Right now, you can earn $60 cash back by making one purchase with your mobile wallet in the first 90 days AND 6 automatic payments from your Rogers, Fido or Shaw postpaid service in the first 8 months.

With the Rogers Red Mastercard®, by having a single qualifying service with Rogers, Fido or Shaw, you can earn 2% unlimited cash back on all your purchases. Eligible services include :

• Rogers Mobile
• Fido Mobile
• Rogers, Fido, or Shaw Home (Internet, TV, home phone, home monitoring, or satellite)

This card is now also available to Quebec residents with a mobile service with Rogers or Fido!

Plus, you get 1.5x more cash back on Rogers, Fido and Shaw purchases – that’s a 3% cash back value.

Plus, as a Rogers Red Mastercard® cardholder, you’ll get 5 days’ free access to Everywhere at Home, every year, on Rogers mobile plans (a value of up to $75).

If you’re not a Rogers, Fido or Shaw customer, you’ll earn 2% cash back on U.S. dollar purchases and 1% unlimited cash back on all other purchases.

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 categories that interest you (groceries, gas, furniture, home improvement, recurring bills, pharmacy, etc.) to earn 2% cash back! And there is 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.

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.

BMO eclipse rise Visa* Card

The new BMO eclipse rise Visa* Card is a no-annual-fee travel rewards credit card with no minimum income required.

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 bonus points for redeeming at least 12,000 points annually towards your statement balance with Pay with points
• 2,500 bonus points for paying your full credit card balance on time for 12 consecutive months

Moreover, you can get a 0.99% introductory interest rate on Balance Transfers for 9 months (a 2% fee applies to balance amounts transferred).

With the new BMO eclipse rise Visa* Card, you get :

• 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 in dining and takeout purchases
• 1 point per two dollars spent on everything else

You can use BMO Rewards points for all travel purchases made through the agency or website of your choice (flights, hotels, car rentals, all-inclusive resorts, 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

Neo Credit card

With the Neo Mastercard, you get $25 cash back as a welcome bonus.

You get unlimited cash back from thousands of partners. On average, you can earn up to 5% cash back at over 10,000 Neo partners across the country.

Benefits of No-Fee Credit Cards:

1. No Annual Fees: Save money on annual fees.
2. Reward Points: Earn cash back, travel points, or other rewards.
3. No Foreign Transaction Fees: Use your card abroad without extra charges.
4. Travel Insurance: Get protection against trip cancellations and interruptions.
5. Exclusive Benefits: Enjoy exclusive discounts and perks with partner merchants.

How to Choose the Best No-Fee Credit Card:

1. Consider Your Spending Habits: Choose a card that aligns with your spending patterns.
2. Evaluate Rewards and Benefits: Weigh the rewards against the benefits.
3. Check Interest Rates: Ensure the interest rate is competitive.
4. Read Reviews and Compare: Research and compare cards before applying.

Frequently Asked Questions (FAQs):

What is the best no-fee credit card in Canada?

PC Financial Mastercard.

Can I earn rewards on no-fee credit cards?

Yes, many no-fee cards offer rewards.

What is the minimum credit score required for no-fee credit cards?

Typically 600+.

Can I use my no-fee credit card abroad?

Yes, with no foreign transaction fees.

Conclusion:

Canada’s best no-fee credit cards offer rewarding benefits and savings. By considering your spending habits, rewards, and benefits, you can find the perfect card for your lifestyle.