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
72 no annual fee credit cards, ranked for you
Ranked by value in year one at $2,500 a month, after fees. How we rank
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Ranked 41. Tangerine Money-Back Credit Card
Tangerine · Mastercard Expert Score 8.5 out of 10. Excellent
Worth in year one $270Then each year $2700.5% back on everything
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Needs $12,000 personal income
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Ranked 42. RBC Cash Back Mastercard
RBC · Mastercard Expert Score 8.0 out of 10. Very good
Worth in year one $264Then each year $2642% back on groceries, 0.5% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 43. RBC® Business Cash Back Mastercard
RBC · Mastercard Expert Score 7.6 out of 10. Good
Worth in year one $255Then each year $2551% back on everything
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 44. Tims® Secured Credit Card
ATB Financial · Mastercard Expert Score 6.6 out of 10. Fair
Worth in year one $251Then each year $2512% back on groceries and gas, 0.3% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Approval is easier with a deposit
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Ranked 45. BMO CashBack® Business Mastercard®
BMO · Mastercard Expert Score 7.6 out of 10. Good
Worth in year one $225Then each year $2251.5% back on gas, recurring bills and office supplies, 0.8% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 46. Triangle™ Mastercard®
Canadian Tire · Mastercard Expert Score 6.9 out of 10. Fair
Worth in year one $201Then each year $2011.5% back on groceries, 0.5% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 47. National Bank mycredit Mastercard
National Bank · Mastercard Expert Score 7.1 out of 10. Good
Worth in year one $195Then each year $1951% back on restaurants and recurring bills, 0.5% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 48. TD Business Cash Back Visa Card
TD · Visa
Worth in year one $195Then each year $1952% back on gas, transit and recurring bills, 0.5% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 49. Scotia Momentum® Mastercard® Credit Card
Scotiabank · Mastercard Expert Score 7.3 out of 10. Good
Worth in year one $183Then each year $1831% back on groceries, gas and recurring bills, 0.5% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Needs $12,000 personal income
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Read the full review: Scotia Momentum® Mastercard® Credit Card
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Ranked 50. Scotia Momentum® No-Fee VISA Card
Scotiabank · Visa Expert Score 7.9 out of 10. Good
Worth in year one $180Then each year $1801% back on groceries, food delivery and pharmacy, 0.5% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Needs $12,000 personal income
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Ranked 51. BMO Blue Rewards Mastercard®
BMO · Mastercard
Worth in year one $152Then each year $1523.4% back on travel and brand partner, 0.3% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 52. TD Cash Back Visa Card
TD · Visa
Worth in year one $139Then each year $1391% back on groceries, gas and transit, 0.5% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 53. ManulifeMONEY+ Visa Platinum
Manulife Bank · Visa
Worth in year one $129Then each year $1291.5% back on pharmacy, 0.5% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 54. National Bank Allure Mastercard
National Bank · Mastercard Expert Score 7.2 out of 10. Good
Worth in year one $90Then each year $900.5% back on everything
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 55. Neo Mastercard®
Neo · Mastercard Expert Score 8.1 out of 10. Very good
Worth in year one $72Then each year $721% back on groceries and gas
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 56. Brim Mastercard®
Brim · Mastercard Expert Score 7.9 out of 10. Good
Earned in year one 15,000 pointsThen each year 15,000 points0.5 point per $1 on everything
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 57. CIBC Adapta™ Mastercard®
CIBC · Mastercard Expert Score 7.1 out of 10. Good
Earned in year one 34,800 pointsThen each year 31,800 points2 points per $1 on travel, 1 point per $1 on everything else
- Welcome offer
- 3,000 points you’d get The full offer. Up to 3,000 points.
- Annual fee
- $0 No annual fee
Needs $50,000 personal or $15,000 household income
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Ranked 58. Capital One® Smart Rewards™ Mastercard®
Capital One · Mastercard Expert Score 6.6 out of 10. Fair
Earned in year one 150,000 pointsThen each year 150,000 points5 points per $1 on everything
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Income rule not listed
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Read the full review: Capital One® Smart Rewards™ Mastercard®
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Ranked 59. Laurentian Bank Visa Reward Me
Laurentian Bank · Visa
Earned in year one 22,800 pointsThen each year 22,800 points1 point per $1 on groceries, gas and recurring bills, 0.5 point per $1 on everything else
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 60. Scotia® Home Hardware PRO Visa* Business Card
Scotiabank · Visa
Earned in year one 15,000 pointsThen each year 0 points1 point per $1 on home improvement
- Welcome offer
- 15,000 points you’d get The full offer. Up to 15,000 points.
- Annual fee
- $0 No annual fee
Income rule not listed
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Read the full review: Scotia® Home Hardware PRO Visa* Business Card
Showing 20 of 72 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
Mr. Loonie is typing
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