Best No Fee Credit Cards Canada

  1. Home
  2. /
  3. Spending
  4. /
  5. Best No Fee Credit Cards...
Our Most Recommended Credit Cards

What we most recommend for your next credit card.

Best No-Fee Rewards – Neo Secured Mastercard

Best for Travel Points – National Bank World Elite Mastercard

Best for Bad Credit – Neo Rewards Card

No Fee Credit Cards Canada

If you have been looking for a new credit card while traveling the world for years, here is what I have found to be one of the best free credit cards in Canada at the moment. After a long search this card is the only one I have found, which is free of charge and is a good alternative to many other cards on the market. Sources: 12

This card is one of the most underrated credit cards and is also the best free credit card in Canada with no fees and annual fees. No fee-based credit card offers more benefits than the annual fee-based cards, in fact these cards offer more perks than most people think, including cash bonuses, excellent rewards and more. This card is also a good alternative to many other cards on the market, such as Visa and MasterCard. Sources: 2, 4, 7

The Tangerine Money Back credit card is unique in that it allows cardholders to choose which categories of spending they want to make money again. You can be selective and choose fees that do not charge you for purchases in non-Canadian currency, or you can use a card that offers rewards that offer a higher return than foreign transaction fees. This credit card has an annual fee, so you are likely to have to open a new account and pay your monthly credit card bill with an additional fee. There are a number of cards that will return cash without charge, but you will avoid foreign transaction fees and you will probably also have to pay a monthly credit card bill for the extra fees. Sources: 3, 9, 13

This is the perfect choice if you want to travel with an annual pass, but your balance is not particularly good and you may have to pay annual fees. If you frequently use a credit card and collect enough cashback points or bonus points to clear the annual fees, it may be beneficial for you to pay the annual fees. No fee credit cards are a good option for those who would save on annual fees and not need the extra perks. There is a widespread misconception that in Canada, no fee cards charge no fees at all, but that is not always the case, and there are many other options for people with low credit ratings and low spending habits. Sources: 2, 6, 11

Canadians who want to consolidate their credit card balances can do so with these cards without the annual fees, but they do not always have to. Sources: 13

If you start with a fee-free credit card and use it a lot, keep it active until you decide to switch to a premium credit card line. If you do not use your credit cards regularly or do not believe that you can take advantage of the additional benefits, it may not make sense for you to get a fee-free credit card. Sources: 4, 8

Credit cards without a fee may work well for people who do not plan to use the additional features of cards that charge an annual fee. If your credit card or credit card system has or has had annual fees, you cannot receive a fee – free card with the same benefits as the other cards on the list. Sources: 0, 11

Chase Freedom Unlimited is also one of the best credit cards currently paying no annual fees. Card-rating experts have chosen the card because it is offered in a revolving category managed by Chase’s own credit rating agency, Chase Credit Ratings. You can get 0.5% cash back each year on your Chase Freedom unlimited credit card, so this is a good no-fee credit card. Best of all, Chase Free Credit Card Canada’s annual fee – free – is that cardholders can choose whether they want to earn 2% or not. Sources: 1, 4, 10, 14

No – credit cards with fees are great for occasional users, but the earning rate is often much lower than with cards with annual fees. There is a wide range of no-fee credit card options in Canada without an annual fee, which means for people with good credit. Choices range from $1,000 to $3,500 for a $10,200 credit card or $2,300 to a maximum of $4,400 for an $8,800 credit card. Sources: 4, 6, 14

It’s nice to get money back and rewards from your credit card spending, but the top cash-back credit cards come with annual fees that can take a bite out of your earnings. Sources: 5

If you have a credit card with an annual fee, you are responsible for paying the fee even if you do not use the card. The reality is that annual fees on credit cards don’t necessarily mean you get a free card if you agree to pay them. If you have an annual fee-free credit card with a cashback feature, you’ll pay it, even though it offers more rewards for spending than a fee-free card such as a Visa or MasterCard. Even if your credit card has an annual fee And you have a balance, it’s not a “free” credit card, as you may incur interest. Sources: 0, 8, 10

Cited Sources

EnglishFrenchChinese (Simplified)GermanSpanish