Best No Fee Credit Cards Canada (+Rewards Calculator)

Credit cards with no annual fee typically offer less rewards and benefits, but there are a handful of them that stand out. Review our top no annual fee credit cards for Canada and calculate which cards earn you the most rewards and best return on your spending.

Tangerine Money-Back Credit Card

Best For Unlimited 2% Money-Back

Earning Rate: Earn 2% Money-Back on up to two select categories of your choice and 0.5% on all other purchases. Choose a 3rd 2% Money-Back category if you deposit rewards into a Tangerine Savings account.
Main Highlights: Unlimited 2% Money-Back, rewards paid out monthly, and low income requirement.
Intro Bonus: Get 10% back, up to $100, when you spend up to $1,000 in your first 2 months.
Annual Fee: $0.
Summary: Being able to earn an uncapped 2% back on two select categories of your choice is the definition of flexibility. Overall, this is one of the best cash back cards in Canada.
Learn More about the Tangerine Money-Back Credit Card.
Calculate Card Value & Cash Back per dollar spent for the Tangerine Money-Back Credit Card.

Tangerine World Mastercard®

Best For Travel Benefits

Earning Rate: Earn 2% Money-Back on up to two select categories of your choice and 0.5% on all other purchases. Choose a 3rd 2% Money-Back category if you deposit rewards into a Tangerine Savings account.
Main Highlights: Airport lounge access, car rental collision/loss damage insurance, mobile device insurance, discounts, unlimited 2% Money-Back, and rewards paid out monthly.
Intro Bonus: Get 10% back, up to $100, when you spend up to $1,000 in your first 2 months.
Annual Fee: $0.
Summary: You won't find many $0 annual fee cards that offer airport lounge access, travel insurance, and unlimited 2% Money-Back. If you want everything the Tangerine Money-Back Credit Card offers plus travel benefits at the same $0 cost, grab up this card instead.
Learn More about the Tangerine World Mastercard.
Calculate Card Value & Cash Back per dollar spent for the Tangerine World Mastercard.

Simplii Financial™ Cash Back Visa Card

Best For High Cash Back On Dining

Earning Rate: Earn 4% cash back on restaurant, bar, and coffee shop purchases (on up to $5,000 per year), 1.5% back on gas, grocery, drugstore, and pre-authorized payment purchases (on up to $15,000 per year), and 0.5% back on everything else.
Main Highlights: High earnings on restaurant/dining at no annual fee.
Annual Fee: $0.
Summary: If you dine out often, you can't beat the 4% return this card offers at no annual fee. It's a great card to have and the additional 1.5% cash back categories just makes it better.
Calculate Card Value & Cash Back per dollar spent for the Simplii Financial Cash Back Visa Card.

MBNA Rewards Platinum Plus® Mastercard®

Best For Travel Rewards

Earning Rate: Earn 2X MBNA Rewards points on restaurant, grocery, digital media, membership, and household utility purchases, on up to $10,000 in annual spend for each individual category. 1X on everything else.
Main Highlights: Earn up a 10% birthday bonus, up to 10K points per year
Annual Fee: $0
Summary: Points are worth 1 cent each when means you'll be sweeping in up to a 2% return on your spend plus a little extra on top with the birthday bonus. You'll also be able to enjoy mobile device insurance and shopping coverage.
Calculate Card Value & MBNA Rewards Points per dollar spent for the MBNA Rewards Platinum Plus Mastercard.

American Express® Green Card

Best For Flexible Travel Rewards

Earning Rate: Earn 1X Membership Rewards points on all purchases and an additional 1 point per $1 on hotels and car rentals through AMEX Travel Online.
Main Highlights: Shopping coverage.
Intro Bonus: As a new American Express® Green Cardmember, you can earn a Welcome Bonus of 10,000 Membership Rewards® points when you charge $1,000 in purchases to your Card in the first 3 months of Cardmembership.
Annual Fee: $0
Summary: Membership Rewards points can be transferred to a handful of airline and hotel partners for increased value including Air Canada, British Airways, Delta Airlines, and Marriott Bonvoy. So while you're only earning 1 point on all purchases, that 1 point is can be worth anywhere from 1.5 to 2 cents or more.
Calculate Card Value & AMEX Points per dollar spent for the American Express Green Card.

SimplyCash™ Card from American Express

Best For Flat-Rate Cash Back

Earning Rate: Earn 2% cash back on gas station purchases in Canada, 2% back on grocery purchases in Canada (up to $300 cash back annually), and an unlimited 1.25% back on all other purchases.
Main Highlights: High cash back rates for a no annual fee card.
Annual Fee: $0.
Summary: High earnings on gas and grocery plus a wonderful 1.25% earning rate across all other purchases makes the SimplyCash Card one of the best no-annual fee flat-rate cash back credit cards in Canada. If you plan on spending more than $1,100 per month, don't cheat yourself out of cash back... grab up the SimplyCash Preferred Card instead.
Calculate Card Value & Cash Back per dollar spent for the SimplyCash Card from American Express.

Home Trust Preferred Visa Card

Best For No Foreign Transaction Fees

Earning Rate: 1% cash back on all purchases.
Main Highlights: No foreign transaction fee and no annual fee.
Annual Fee: $0
Summary: If you want to earn cash back worldwide without being penalized, The Home Trust Preferred Visa is the best no annual fee option. You'll also be able to enjoy purchase security which can protect your purchases against theft and damage for 90 days from the date of purchase.

Best No Fee Credit Cards Summary

Best No Fee Credit Cards Canada
Credit Card	Annual Fee	Best For
Tangerine Money-Back Credit Card	$0	Unlimited 2% Money-Back
Tangerine World Mastercard®	$0	Travel Benefits
Simplii Financial Cash Back Visa	$0	High Cash Back On Dining
MBNA Rewards Platinum Plus Mastercard	$0	Travel Rewards
American Express® Green Card	$0	Flexible Travel Rewards
SimplyCash™ Card from American Express	$0	Flat-Rate Cash Back
Home Trust Preferred Visa Card	$0	No Foreign Transaction Fees

No Annual Fee Credit Card Rewards Calculator

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These estimates are to help guide you towards making the best decision when it comes to picking up a rewards credit card. They should be used for illustrative purposes only. You can click on the estimated earnings to see the calculations or click on the card to learn more.

Do note that all spend amounts entered into the tool above will carry over to every credit card rewards calculator on the site, so there's no need to re-enter spend if you choose to dive deeper into calculating rewards for credit cards on the site.

Best Credit Cards

Listed below are up to 10 of the best rewards credit cards based on the spend amounts you entered (when applicable).

Travel Cards

Travel credit cards are great for building rewards redeemable towards a wide variety of travel including airfare, hotels, car rentals, cruises, and more. Most travel cards also offer a range of benefits that can make your trips more enjoyable and save you money.

Cash Back Cards

Cash back is one of the most flexible form of rewards and most easy to understand. Rewards earned are worth face value and they can be used towards almost anything.

Rewards Cards

If you're looking to earn a solid return on your spend, rewards credit cards are the way to go. These cards offer general rewards that can be used towards a number of different redemptions including cash back, statement credits, travel, gift cards, and more.

Airline Cards

These are the best credit cards if you're looking to use rewards towards award flights. Co-branded credit cards offer benefits such as lounge access the ability to earn qualifying miles through spending.

Hotel Cards

If you're looking to use rewards towards free nights at hotels, these are the best cards for you. Many of these cards also offer great benefits such as annual free nights, complimentary elite status, and more.

No Annual Fee Cards

If you're looking to minimize your immediate costs while still earning plenty of value, you may want to consider a credit card with no annual fee. Some of these cards also offer lower interest rates and balance transfer offers.

No Foreign Transaction Fee Cards

When you make a charge with your credit card outside of the country, many card issuers will charge you a foreign transaction fee. Luckily, there are a handful of credit cards that waive foreign transaction fees which is great if you're looking to earn rewards on international spending and travel.