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Some of the best points in life are totally free– so why should you anticipate any type of various from your credit card? Canada has an outstanding variety of no-fee credit cards that do not bill cardholders a yearly cost, while likewise providing reputable benefits like cash money back and also take a trip factors. Many of these no-fee cards likewise flaunt appealing additionals like strong welcome benefits, no international deal costs and also helpful traveling insurance policy. Individuals that do not constantly settle their equilibrium each month will certainly more than happy that a few of these cards also include a common reduced rates of interest or an eye-catching equilibrium transfer discount. Here are our choices for the best no-fee credit cards in Canada.

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Best no-fee credit card for cash money back

Tangerine Money-Back Credit Card *

At a look: The Tangerine Money-Back Mastercard is a seasonal no-fee preferred many thanks to its automated 2% cash money back on acquisitions in 2 costs classifications, with a 3rd group offered if you established an automated benefits down payment right into aTangerine Savings Account What makes this card truly attract attention is that cardholders reach individualize their extra-earn classifications from amongst a tremendous 10 alternatives.

Pros

• You reach select your very own cash-back classifications from 10 day-to-day costs classifications, and also there is no cap on revenues.
• The Tangerine Money-Back Mastercard includes a charitable welcome deal and also equilibrium transfer promo.
• The card has a reduced income-qualification limit.

Cons

• Spending beyond cash money back classifications gains a base price of just 0.5%.
• The card includes no rental auto or traveling insurance policy.

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Best no-fee credit card for base-rate cash money back

JustCash Card from American Express *

At a look: An optimal card for those that invest a lot of their spending plan on grocery stores and also gas, the JustCash American Express obtains you 2% cash money back in those 2 classifications. The card likewise has a quite charitable base price of 1.25% for all various other costs. Especially remarkable is the $100,000 in traveling crash defense, an uncommon perk for a no-fee card.

• Welcome deal: Earn a $10 declaration credit for each and every month-to-month invoicing duration in which you invest $300 on acquisitions. This can amount to $100 in your very first 10 months of having the card.
• Interest prices: 20.99% on acquisitions, 21.99% on cash loan
• Earn price: 2% cash money back on qualified gas and also grocery store acquisitions as much as $300 each year; 1.25% cash money back on every little thing else
• Additional advantages: Access to digital occasions and also special deals with American Express Experiences

Pros

• The Front of the Line and also American Express Experiences programs provide cardholders accessibility to presale tickets and also special welcomes to amusement and also eating occasions.
• Unique recommendation program uses an included possibility to gain $50 for referring authorized candidates (as much as $750 cash money back each year).
• $ 100,000 in traveling crash defense, along with purchaser’s guarantee and also acquisition defense.

Cons

• American Express cards aren’t as extensively approved at vendors as Visa and also Mastercard cards.
• JustCash American Express’ increased gain prices are each topped at $300 each year.

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Best no-fee credit card for FX costs

Brim Financial Mastercard *

At a look: Brim Mastercard has among the rarest– and also most desirable– attributes of any type of credit card in Canada: no international deal (FX) cost. When making acquisitions in a non-Canadian money, the majority of companies bill cardholders a cost of around 2.5% on every acquisition– which gets on top of the currency exchange rate. Brim totally forgoes this cost. The card likewise includes as much as $500 in smart phone insurance policy and also a totally free Boingo Wi-Fi subscription.

• Annual cost: $ 0
• Interest prices: 19.99% on acquisitions, 21.50% on cash loan, 19.99% on equilibrium transfers
• Earn price: 1 factor per $1 anywhere, and also reward factors at Brim companion vendors, like as much as 4% at Microsoft, 4% at Nike, 3% at Warby Parker, plus greater than 200 various other sellers
• Additional advantages: No FX costs, totally free Boingo Wi-Fi subscription, and also as much as $500 in smart phone insurance policy
• Annual earnings demand: None defined

Pros

• The card has no FX cost, suggesting you stay clear of paying around 2.5% on all acquisitions made in an international money.
• Brim Mastercard includes totally free Boingo Wi-Fi subscription, which supplies accessibility at over a million hotspots worldwide.
• The card has a strong choice of insurance policy, consisting of defense that’s generally difficult ahead by for no-fee cards, such as smart phone, occasion ticket repayment and also usual provider crash insurance policy.

Cons

• Brim Mastercard has a rather reduced common gain price of 1% (though greater gain prices are offered at pick vendors).
• There are no common increased gain classifications with this card.

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Best no-fee credit card for traveling factors

MBNA Rewards Platinum Plus Mastercard *

At a look: A best fellow traveler for regular fliers, the MBNA Rewards Platinum Plus Mastercard has a versatile benefits program that uses the best worth when factors are retrieved for traveling. It likewise includes a vast choice of revved-up earning classifications, consisting of dining establishments, grocery stores, electronic media, subscriptions and also family energy acquisitions. The crowning achievement is the annual Birthday Bonus, which can truly assist brighten your factor equilibrium.

• Welcome deal: For the very first 90 days, you can rise to 10,000 factors (approx. $50 in cash money back): 5,000 for signing up for paperless e-statements, 5,000 for investing $500 in acquisitions with the card. Plus, gain 4 factors for each $1 invested in qualified dining establishment, grocery store, electronic media, subscription and also family energy acquisitions. (Not offered for locals of Quebec, rather go here)
• Interest prices: 19.99% on acquisitions, 24.99% on cash loan, 22.99% on equilibrium transfers
• Earn price: Earn 2 factors for each $1 invested in qualified grocery stores and also dining establishments ($ 5,000 max yearly invest per group) and also 1 factor per $1 on every little thing else
• Additional advantages: Unexpected return residence protection; rental accident and also unexpected fatality and also dismemberment insurance policy; equilibrium defense and also expanded guarantee

Pros

• Each year, cardholders obtain Birthday Bonus factors equivalent to 10% of the overall variety of factors made in the previous twelve month, to a max of 10,000 factors.
• The MBNA Rewards Platinum Plus Mastercard has among one of the most versatile benefits programs of any type of no-fee card, enabling cardholders to retrieve factors for cash money back, product, present cards, philanthropic contributions and also traveling.
• The card likewise has charitable smart phone insurance policy of as much as $1,000, along with price cuts at Avis and also Budget rental auto firms.

Cons

• The gain price of 2 factors per $1 invested in qualified dining establishment, grocery store, electronic media, subscription and also family energy acquisitions is topped at $10,000 each year in each group. You will certainly after that just gain the base price of 1 factor per $1.
• Points are best retrieved for traveling, for which you’ll obtain a worth of 1 cent per factor, whereas factors are just worth half a cent each when retrieved for a declaration credit or philanthropic contribution.

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Best no-fee credit card for reduced rate of interest

MBNA True Line Mastercard *

At a look: This no-frills card is brief on additionals yet is a giant when it pertains to possibly conserving cardholders cash. If you often tend to bring an equilibrium, a lower-interest card can be a lifesaver for your profits. With a rates of interest of 12.99%, the MBNA True Line Mastercard bills virtually fifty percent of what the majority of credit cards in Canada cost, possibly making it much easier to capture up on financial debt.

• Interest prices: 12.99% on acquisitions, 24.99% on cash loan, 12.99% on equilibrium transfers
• Additional advantages: Add as much as 9 licensed individuals without an added cost
• Welcome deal: Get a 0% marketing yearly rates of interest (“AIR”) for twelve month on equilibrium transfers within the very first 90 days of opening up the account.
• Note: This deal is not offered for locals of Quebec

Pros

• The MBNA True Line Mastercard’s lower-than-average rates of interest of 12.99% can make it much easier to maintain financial debt at a much more workable degree.
• The 0% marketing yearly rates of interest for twelve month on equilibrium transfers will certainly likewise be a property for cardholders trying to find some breathing space while they settle gathered credit card financial debt.
• Enjoy a price cut on certifying auto services at getting involved Avis and also Budget places.

Cons

• The card has a high cash loan rates of interest of 24.99%.
• The MBNA True Line Mastercard does not provide any type of benefits, cash money back or insurance policy.

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Best no-fee credit card for trainees

BMO CashBack Mastercard *

At a look: BMO’s CashBack MasterCard is an excellent suitable for trainees trying to find a no-fee card that will certainly gain them a little added cash money as they constructcredit While the card does not featured great deals of advantages, its 3% cash money back on grocery stores is one of the most charitable gain price offered because group for a standard credit card without a yearly cost.

• Welcome deal: You can gain 5% cash money back on all acquisitions for the very first 3 months as much as $2,500, consisting of as much as $500 invest in grocery store, as much as $500 invest in persisting costs settlements, and also as much as $1,500 certified invest in all various other acquisitions. Get an initial rates of interest of 0.99% on equilibrium transfers for the very first 9 months. A 2% cost relates to stabilize quantities moved.
• Interest prices: 20.99% on acquisitions, 22.99% on cash loan, 22.99% on equilibrium transfers
• Earn price: 3% cash money back on grocery stores; 1% on persisting expenses; 0.5% on every little thing else
• Additional advantages: Members obtain 25% off at National and also Alamo rental auto firms

Pros

• BMO’s CashBack MasterCard has one of the most charitable gain price for grocery stores of any type of no-fee card in Canada.
• Get 25% off on auto services at National and also Alamo places.
• Enjoy 15% off admission to Cirque du Soleil displays in Canada and also 20% off resident programs in Las Vegas.

Cons

• The card just includes fundamental prolonged guarantee and also acquisition defense.
• The BMO CashBack MasterCard’s base gain price is just 0.5%.

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Best no-fee credit card for computer Optimum factors

COMPUTER Financial World Elite Mastercard *

At a look: For day-to-day costs on fundamentals, the no-fee COMPUTER Financial World Elite Mastercard is a preferred selection. You’ll gain computer Optimum factors, among the best- understood and also most helpful commitment programs in the nation. There are no complex incentive guidelines to browse; cardholders can merely retrieve factors immediately at the sales register anywhere computer items are marketed.

• Earn price: 45 factors per $1 at Shoppers Drug Mart; 30 factors per $1 at Esso, COMPUTER Travel or any type of Loblaw- possessed shops; 10 factors per $1 anywhere else
• Interest prices: 20.97% on acquisitions, 22.97% on cash loan, 22.97% on equilibrium transfers
• Annu al earnings demand: individual earnings of $80,000 or family earnings of $150,000, along with a minimal yearly invest of $15,000
• Additional advantages: Travel emergency situation clinical insurance policy; auto rental loss or accident protection; attendant solutions

Pros

• Easily retrieve factors in 10,000-point increments while buying– for $10 off an acquisition.
• With the COMPUTER Financial Mastercard, it’s very easy to “stack” factors by scanning your computer Optimum factors card and also paying with your computer Optimum Mastercard whenever you make a qualified acquisition.
• As Loblaw is just one of Canada’s biggest sellers, there’s no scarcity of possibilities to gain and also retrieve factors.

Cons

• You’ll require an individual earnings of $80,000 or a home earnings of $150,000 to certify.
• The COMPUTER Financial World Elite Mastercard does not featured lots of advantages.

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Best no-fee credit card for Canadian Tire

Triangle World Elite Mastercard

At a look: The Triangle World Elite Mastercard from Canadian Tire is an electronic development of the firm’s well-liked Canadian Tire bucks and also uses superb revenues for those that consistently patronize Canadian Tire and also companion shops. It’s likewise among minority no-fee cards that provide auto rental accident insurance policy and also provide you accessibility to a roadside support strategy.

Pros

• The card’s 4% gain price at getting involved shops is just one of the greatest gain prices for a no-fee card.
• The Triangle World Elite Mastercard is full with tempting additionals like roadside support, attendant solution and also rental auto insurance policy.
• You’ll obtain 7 cents back per litre of costs gas and also 5 cents back per litre on all various other gas kinds.

Cons

• The card has a high yearly earnings demand of $80,000 in individual earnings or $150,000 in family earnings.
• The Triangle World Elite Mastercard’s 4% gain price is just truly helpful for those that go shopping typically at Canadian Tire and also companion shops.
• Because you’re gaining Canadian Tire Money as opposed to cash money, you can just retrieve it at a minimal choice of getting involved vendors.

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Best no-fee credit card for structure credit

Home Trust Secured Visa *

At a look: The Home Trust Secured Visa is a superb choice for individuals that intend to construct their credit yet that may or else have actually trouble obtaining authorized due to a reduced credit rating or since they are brand-new to Canada and also do not have much of a credit background. What makes this card specifically one-of-a-kind is that it’s offered with a reduced rates of interest (which can assist you maintain your financial debt in check) for paying a little yearly cost.

• Welcome reward: None
• Interest prices: 19.99% on acquisitions, 19.99% on cash loan
• Earn price: None
• Additional attributes: None

Pros

• The Home Trust Secured Visa has actually 2 safeguarded credit card alternatives to fit a cardholder’s specific demands: a no-fee card with a 19.99% rates of interest, and also a low-interest card with a price of 14.90% and also a yearly cost of $59.
• The card is particularly developed for individuals with possibly bothersome credit backgrounds, such as independent people, trainees, beginners to Canada and also individuals with negative credit.
• The card includes a lower-than-normal international money conversion cost of 2%.

Cons

• Cardholders do not gain any type of cash money back or benefits.
• The Home Trust Secured Visa has no added advantages like insurance policy.
• You have to supply a down payment to utilize the card.

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Best no-fee card for traveling insurance policy

Rogers World Elite Mastercard

At a look: If you’re trying to find a credit card with a solid choice of traveling insurance policy and also no yearly cost, the Rogers World Elite Mastercard can not be defeated. The card includes emergency situation clinical insurance policy, insurance policy for journey termination and also disturbance, and also accident and also damages protection for auto services.

• Annual cost: $0
• Interest prices: 19.99% on acquisitions, 22.99% on cash loan, 22.99% on equilibrium transfers
• Welcome reward: Earn $25 cash money when you make your very first acquisition
• Earn price: 1.5% cash money back on all acquisitions; 3% cash money back on all U.S.-dollar acquisitions
• Annual earnings demand: individual earnings of $80,000 or family earnings of $150,000
• Additional advantages: Out- of-province/out-of-country emergency situation clinical insurance policy; journey cancellation/interruption defense; rental auto collision/damage protection; free of charge subscription to the Mastercard Travel Pass program, with accessibility to over 1,300 airport terminal lounges around the world; totally free Boingo Wi-Fi at over 1 million hotspots worldwide; and also Mastercard Travel Rewards

Pros

• While the card does bill an FX cost (usually around 2.5%) on all acquisitions made in an international money, cardholders obtain 3% unrestricted cash money back compensates on all qualified acquisitions made in united state bucks.
• Enjoy free of charge subscription to the Mastercard Travel Pass program, which offers you accessibility to over 1,300 airport terminal lounges worldwide.
• Cardholders can capitalize on totally free Boingo Wi-Fi at over 1 million hotspots worldwide.

Cons

• The card has a minimal yearly earnings demand of $80,000 in individual earnings or $150,000 in family earnings.
• You have to bill at the very least $15,000 each year to the card or your account will certainly be terminated.
• While you obtain a totally free airport terminal lounge subscription, no totally free check outs are consisted of. You have to pay USD$ 32 each per go to.

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Frequently asked concerns

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Our technique

For the best cash money back credit cards 2022 ranking, Money Feeling usedRatehub ca’s ‡ credit card device and also determined the numbers for both cost and also no-fee cash money back compensates cards based upon $2,000 in month-to-month costs. We made use of the adhering to situation: $500 on grocery stores, $200 on gas, $200 on dining establishments, $125 on costs settlements, $175 on traveling, $225 on amusement, $75 on drug store acquisitions and also $500 on every little thing else.

The endgame was a magic number– that is, the yearly web incentive in buck terms to determine the leading cash money back cards for each and every kind of spender. Our technique likewise thought about various other elements, consisting of limited-time increased gain prices, the series of costs reward classifications, annual-fee waivers, acquisition securities and also traveling insurance policy advantages.

‡Money Sense.ca and alsoRatehub ca are both possessed by moms and dad firmRatehub Inc We might be partnered with some banks, yet this does not affect the “Canada’s Best Credit Card” positions. You can learn more concerning this in our Editorial Code of Conduct.

This write-up was initially released onFeb 19, 2019, and also has actually given that been upgraded.