Best no annual fee credit cards in Canada
Credit cards with no annual fee, ranked by what they earn for your spending.
Card details updated November 10, 2026 How we rank
What’s in each?
- Light:
- Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
- Typical:
- Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
- Big:
- Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
- Yours:
- Your own amounts, saved on this device only
Not sure which kind of card you need? Help me choose
24 of 72 no annual fee credit cards match your filters
Ranked by value in year one at $2,500 a month, after fees. How we rank
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Ranked 1. RBC Ion Visa
RBC · Visa Expert Score 7.5 out of 10. Good
Worth in year one $691Then each year $5722.6% back on groceries, gas and rideshare, 1.7% back on everything else
- Welcome offer
- $119 you’d get The full offer. Up to 7,000 Avion points.
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 2. PC Financial® World Elite Mastercard®
PC Financial · Mastercard Expert Score 8.0 out of 10. Very good
Worth in year one $652Then each year $6024.5% back on pharmacy, 1% back on everything else
- Welcome offer
- $50 you’d get The full offer. Up to 50,000 PC Optimum points.
- Annual fee
- $0 No annual fee
Needs $80,000 personal or $150,000 household income
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Ranked 3. American Express® Green card
American Express Expert Score 7.7 out of 10. Good
Worth in year one $635Then each year $4653.4% back on hotels, 1.7% back on everything else
- Welcome offer
- $170 you’d get The full offer. Up to 10,000 Membership Rewards points.
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 4. Scotiabank American Express® Card
Scotiabank · American Express Expert Score 7.9 out of 10. Good
Worth in year one $617Then each year $5674% back on hotels, 1% back on everything else
- Welcome offer
- $50 you’d get The full offer. Up to 5,000 Scene+ points.
- Annual fee
- $0 No annual fee
Needs $12,000 personal income
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Best welcome offers right now
What you’d actually get at $2,500 a month.
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American Express® Green card
$170 you’d get
Up to 10,000 Membership Rewards points.
The full offer at your spending
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BMO eclipse rise Visa* Card
$134 you’d get
Up to 20,000 BMO Rewards points.
The full offer at your spending
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Tangerine World Mastercard®
$120 you’d get
Up to $120 back.
The full offer at your spending
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RBC Ion Visa
$119 you’d get
Up to 7,000 Avion points.
The full offer at your spending
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CIBC Aventura® Visa Card
$100 you’d get
Up to 10,000 Aventura points.
The full offer at your spending
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CIBC Costco® Business Mastercard®
$100 you’d get
Up to $100 back.
The full offer at your spending
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Ranked 5. Rogers Red World Elite® Mastercard®
Rogers Bank · Mastercard Expert Score 7.7 out of 10. Good
Worth in year one $600Then each year $5601.5% back on everything
- Welcome offer
- $40 you’d get The full offer. Up to $40 back.
- Annual fee
- $0 No annual fee
Needs $80,000 personal or $150,000 household income
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Ranked 6. CIBC Aeroplan® Visa Card
CIBC · Visa
Worth in year one $594Then each year $5442% back on groceries, gas and flights, 1.3% back on everything else
- Welcome offer
- $50 you’d get The full offer. Up to 2,500 Aeroplan points.
- Annual fee
- $0 No annual fee
Needs $15,000 household income
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Ranked 7. CIBC Costco® Business Mastercard®
CIBC · Mastercard
Worth in year one $505Then each year $4053% back on restaurants, 1% back on everything else
- Welcome offer
- $100 you’d get The full offer. Up to $100 back.
- Annual fee
- $0 No annual fee
Needs $15,000 personal income
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Ranked 8. Simplii Financial™ Cash Back Visa* Card
CIBC · Visa Expert Score 7.5 out of 10. Good
Worth in year one $460Then each year $3604% back on restaurants, 0.5% back on everything else
- Welcome offer
- $100 you’d get The full offer. Up to $100 back.
- Annual fee
- $0 No annual fee
Needs $15,000 household income
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Read the full review: Simplii Financial™ Cash Back Visa* Card
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Ranked 9. BMO eclipse rise Visa* Card
BMO · Visa
Worth in year one $459Then each year $3251.7% back on groceries, restaurants and food delivery, 0.3% back on everything else
- Welcome offer
- $134 you’d get The full offer. Up to 20,000 BMO Rewards points.
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 10. Scotiabank® Scene+™ Visa Card
Scotiabank · Visa Expert Score 8.1 out of 10. Very good
Worth in year one $451Then each year $3514% back on hotels, 1% back on everything else
- Welcome offer
- $100 you’d get The full offer. Up to 10,000 Scene+ points.
- Annual fee
- $0 No annual fee
Needs $12,000 personal income
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Ranked 11. SCENE Visa Card for Students
Scotiabank · Visa
Worth in year one $451Then each year $3514% back on hotels, 1% back on everything else
- Welcome offer
- $100 you’d get The full offer. Up to 10,000 Scene+ points.
- Annual fee
- $0 No annual fee
Needs $12,000 personal income
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Ranked 12. moi RBC Visa
RBC · Visa
Worth in year one $420Then each year $3801.6% back on groceries, gas and restaurants, 0.8% back on everything else
- Welcome offer
- $40 you’d get The full offer. Up to 5,000 moi points.
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 13. More Rewards RBC Visa Infinite
RBC · Visa
Worth in year one $420Then each year $3801.6% back on groceries, gas and restaurants, 0.8% back on everything else
- Welcome offer
- $40 you’d get The full offer. Up to 20,000 More Rewards points.
- Annual fee
- $0 No annual fee
Needs $60,000 personal or $100,000 household income
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Ranked 14. PC Financial® World Mastercard®
PC Financial · Mastercard Expert Score 8.1 out of 10. Very good
Worth in year one $401Then each year $3513.5% back on pharmacy, 1% back on everything else
- Welcome offer
- $50 you’d get The full offer. Up to 50,000 PC Optimum points.
- Annual fee
- $0 No annual fee
Needs $50,000 personal or $80,000 household income
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Ranked 15. Tangerine World Mastercard®
Tangerine · Mastercard Expert Score 8.4 out of 10. Very good
Worth in year one $390Then each year $2700.5% back on everything
- Welcome offer
- $120 you’d get The full offer. Up to $120 back.
- Annual fee
- $0 No annual fee
Needs $60,000 personal income
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Ranked 16. CIBC Aventura® Visa Card
CIBC · Visa Expert Score 8.0 out of 10. Very good
Worth in year one $382Then each year $2821% back on groceries, gas and travel, 0.5% back on everything else
- Welcome offer
- $100 you’d get The full offer. Up to 10,000 Aventura points.
- Annual fee
- $0 No annual fee
Needs $15,000 household income
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Ranked 17. TD Rewards Visa Card
TD · Visa Expert Score 7.1 out of 10. Good
Worth in year one $363Then each year $2872% back on travel, 0.5% back on everything else
- Welcome offer
- $76 you’d get The full offer. Up to 15,152 TD Rewards points.
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 18. Rogers Red Mastercard®
Rogers Bank · Mastercard Expert Score 7.1 out of 10. Good
Worth in year one $333Then each year $2732% back on foreign currency, 1% back on everything else
- Welcome offer
- $60 you’d get The full offer. Up to $60 back.
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 19. PC® Mastercard®
PC Financial · Mastercard Expert Score 7.6 out of 10. Good
Worth in year one $305Then each year $2552.5% back on pharmacy, 1% back on everything else
- Welcome offer
- $50 you’d get The full offer. Up to 50,000 PC Optimum points.
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 20. More Rewards RBC Visa
RBC · Visa
Worth in year one $297Then each year $2571% back on groceries, gas and restaurants, 0.6% back on everything else
- Welcome offer
- $40 you’d get The full offer. Up to 20,000 More Rewards points.
- Annual fee
- $0 No annual fee
Income rule not listed
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Showing 20 of 24 cards
Filters
Your spending a month
Your balance
How we rank cards
The list is math only: one set of rules, worked out for the choices you made.
What Year one and Every year mean
Year one is what a card is worth in its first year at your spending: the rewards it earns, plus any welcome offer your spending would reach, minus the first year’s annual fee.
Every year after leaves out the welcome offer and takes off the full annual fee, so a big offer can’t hide a weak earn rate.
We rank by the one you pick. When two cards come out the same, the one with the higher score goes first. Values are estimates, rounded to the dollar.
What’s in each spending choice
Each choice is an example month of spending, split across the kinds of spending cards reward differently. Pick the one closest to yours.
- Light, $1,000 a month: Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
- Typical, $2,500 a month: Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
- Big, $5,000 a month: Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
How we value points
Each points program gets one value per point, taken from the program’s own valuation. Cards in the same program use the same value, so two cards that earn the same points are judged the same way.
- Aeroplan: 2 cents a point
- American Express Membership Rewards: 1.7 cents a point
- BMO Rewards: 0.67 cents a point
- British Airways Club: 2 cents a point
- Cathay Asia Miles: 1.5 cents a point
- CIBC Aventura: 1 cents a point
- Desjardins BONUSDOLLARS: 100 cents a point
- Flying Blue: 1.9 cents a point
- Marriott Bonvoy: 0.8 cents a point
- moi Rewards: 0.8 cents a point
- More Rewards: 0.2 cents a point
- National Bank a la carte Rewards: 0.9 cents a point
- PC Optimum: 0.1 cents a point
- RBC Avion: 1.7 cents a point
- Scene+: 1 cents a point
- TD Rewards: 0.5 cents a point
- Triangle Rewards: 100 cents a point
- United MileagePlus: 1.6 cents a point
- VIPorter: 1.5 cents a point
- WestJet Rewards: 1 cents a point
A card whose points we can’t value yet shows its points and sorts after the cards we can value.
What Low interest adds up
Low interest ranks by what a year of carrying a balance would cost: interest at the card’s purchase rate, plus the annual fee. It assumes the balance stays the same all year and leaves out rewards and welcome offers.
A balance transfer offer shows on the card when it has one, but it doesn’t change the order.
Does pay change the order?
No. The order comes only from the math above. We get paid when you apply through some links, and a bank can pay to show a card in a spot marked Sponsored. Pay never moves a card in the ranked list or changes its score.
Help me choose
Four quick questions, then a list that fits. Your answers only set the list. We don’t keep them.
Show the questions as a form
Help me choose
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Which kind of card fits you?
Start with what you want the card to do. Each one has its own ranked list.
- Cash back Good if you want money off your bill with no points to learn. Watch for the top rate usually covering a few kinds of spending, often with a yearly cap.
- Travel points Good if you fly at least once a year and will use points for flights. Watch for higher annual fees. Points are worth less on merchandise.
- Low interest Good if you sometimes carry a balance from month to month. Watch for little or no rewards. Paying in full each month saves more than any rate.
- Balance transfer Good if you have card debt to pay down over several months. Watch for a transfer fee and the regular rate once the promo ends.
- No foreign fee Good if you shop in US dollars or travel outside Canada. Watch for an annual fee on most of them. The fee you save abroad can cover it.
- New to Canada Good if you’ve just arrived and have no Canadian credit history yet. Watch for lower limits at first. Some need a Canadian bank account or a deposit.
- Build credit Good if you’re rebuilding your credit after missed payments. Watch for the deposit, which sets your limit. Rewards are small or none.
- Students Good if you’re in school with little or no income. Watch for low limits. Pay on time and the card builds your history.
Cards by bank
Cards by network
Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. Values are estimates for the spending you picked, rounded to the nearest dollar.
Spot something wrong? We’ll check it with the bank. Suggest a correction