Advertiser disclosure: CreditLab.ca may earn a commission when you apply through our links. It never changes how we compare products. How we make money
CreditLabCompare cards
// Cc · ELEMENT 01

Compare Canadian credit cards

105 cards from 21 issuers, compared on the two fees that apply to everyone: the annual fee and the foreign transaction fee.

Updated October 2026

0% FX

No foreign transaction fee

Cards that don’t add the usual 2.5% to purchases in foreign currencies, sorted by annual fee.

Credit cards with no foreign transaction fee
CARDANNUAL FEEFX FEE
Home Trust Preferred VisaHome Trust$00%
Wealthsimple Credit CardWealthsimple$00%
Scotiabank Gold American Express CardScotiabank$1200%
Scotiabank Passport Visa Infinite + CardScotiabank$1500%
Scotiabank Platinum American Express CardScotiabank$3990%
Scotiabank Passport Visa Infinite Privilege CardScotiabank$5990%
$0 FEE

No annual fee

38 cards that cost nothing to keep.

Credit cards with no annual fee
CARDANNUAL FEEFX FEE
American Express Green CardAmerican Express$02.5%
BMO Blue Rewards MastercardBMO$02.5%
BMO CashBack Business MastercardBMO$02.5%
BMO CashBack MastercardBMO$02.5%
BMO eclipse rise Visa CardBMO$02.5%
Brim MastercardBrim Financial$01.5%
CIBC Adapta MastercardCIBC$02.5%
CIBC Aeroplan Visa CardCIBC$02.5%
CIBC Aventura Visa CardCIBC$02.5%
CIBC Aventura Visa Card for StudentsCIBC$02.5%
CIBC Costco MastercardCIBC$02.5%
CIBC Dividend Visa CardCIBC$02.5%
CIBC Dividend Visa Card for StudentsCIBC$02.5%
Desjardins Cash Back MastercardDesjardins$02.5%
Home Trust Preferred VisaHome Trust$00%
Home Trust Secured VisaHome Trust$02.5%
MBNA Rewards Platinum Plus MastercardMBNA$02.5%
MBNA True Line MastercardMBNA$02.5%
Neo Secured CardNeo Financial$02.5%
Neo World Elite MastercardNeo Financial$02.5%
Neo World MastercardNeo Financial$02.5%
PC World Elite MastercardPC Financial$02.5%
RBC Cash Back MastercardRBC$02.5%
RBC ION VisaRBC$02.5%
Rogers Red MastercardRogers Bank$02.5%
Rogers Red World Elite MastercardRogers Bank$02.5%
Scotia Momentum No-Fee Visa CardScotiabank$02.5%
Scotiabank American Express CardScotiabank$02.5%
Scotiabank SCENE+ Visa CardScotiabank$02.5%
Simplii Financial Cash Back Visa CardSimplii Financial$02.5%
SimplyCash Card from American ExpressAmerican Express$02.5%
Tangerine Money-Back Credit CardTangerine$02.5%
Tangerine Money-Back World MastercardTangerine$02.5%
TD Cash Back Visa CardTD$02.5%
TD Rewards Visa CardTD$02.5%
Triangle World Elite MastercardCanadian Tire Bank$02.5%
Walmart Rewards MastercardFairstone Bank of Canada$0Check issuer
Wealthsimple Credit CardWealthsimple$00%
BUILDING CREDIT

Secured cards

For newcomers and anyone building or rebuilding a credit history.

Secured credit cards
CARDANNUAL FEEFX FEE
Home Trust Secured VisaHome Trust$02.5%
Neo Secured CardNeo Financial$02.5%
ALL ELEMENTS

Every card we track

Alphabetical. Fees from each issuer’s published terms.

All Canadian credit cards tracked by CreditLab
CARDANNUAL FEEFX FEE
Air France KLM World Elite MastercardBrim Financial$1322.5%
American Express Aeroplan Business Reserve CardAmerican Express$5992.5%
American Express Aeroplan CardAmerican Express$1202.5%
American Express Aeroplan Reserve CardAmerican Express$5992.5%
American Express Business Gold Rewards CardAmerican Express$1992.5%
American Express Cobalt CardAmerican Express$191.882.5%
American Express Gold Rewards CardAmerican Express$2502.5%
American Express Green CardAmerican Express$02.5%
American Express Marriott Bonvoy CardAmerican Express$1202.5%
American Express Platinum CardAmerican Express$7992.5%
BMO Ascend World Elite Business MastercardBMO$1492.5%
BMO Ascend World Elite MastercardBMO$1502.5%
BMO Blue Rewards MastercardBMO$02.5%
BMO Blue Rewards World Elite MastercardBMO$1502.5%
BMO CashBack Business MastercardBMO$02.5%
BMO CashBack MastercardBMO$02.5%
BMO CashBack World Elite MastercardBMO$1202.5%
BMO eclipse rise Visa CardBMO$02.5%
BMO eclipse Visa Infinite CardBMO$1202.5%
BMO eclipse Visa Infinite Privilege CardBMO$5992.5%
BMO Preferred Rate MastercardBMO$292.5%
BMO VIPorter MastercardBMO$892.5%
BMO VIPorter World Elite MastercardBMO$1992.5%
Brim MastercardBrim Financial$01.5%
Brim World Elite MastercardBrim Financial$891.5%
Brim World MastercardBrim Financial$991.5%
Business Platinum Card from American ExpressAmerican Express$7992.5%
Cathay World Elite Mastercard – Powered by NeoNeo Financial$1802.5%
CIBC Adapta MastercardCIBC$02.5%
CIBC Aeroplan Visa Business CardCIBC$1802.5%
CIBC Aeroplan Visa CardCIBC$02.5%
CIBC Aeroplan Visa InfiniteCIBC$1392.5%
CIBC Aeroplan Visa Infinite Privilege CardCIBC$5992.5%
CIBC Aventura Gold Visa CardCIBC$1392.5%
CIBC Aventura Visa CardCIBC$02.5%
CIBC Aventura Visa Card for BusinessCIBC$1202.5%
CIBC Aventura Visa Card for StudentsCIBC$02.5%
CIBC Aventura Visa InfiniteCIBC$1392.5%
CIBC Aventura Visa Infinite Privilege CardCIBC$4992.5%
CIBC Costco MastercardCIBC$02.5%
CIBC Dividend Platinum Visa CardCIBC$992.5%
CIBC Dividend Visa CardCIBC$02.5%
CIBC Dividend Visa Card for StudentsCIBC$02.5%
CIBC Dividend Visa Infinite CardCIBC$1202.5%
CIBC Select Visa CardCIBC$292.5%
Desjardins Cash Back MastercardDesjardins$02.5%
Desjardins Cash Back World Elite MastercardDesjardins$1002.5%
Desjardins Odyssey Gold VisaDesjardins$1102.5%
Desjardins Odyssey Visa Infinite PrivilegeDesjardins$2952.5%
Desjardins Odyssey World Elite MastercardDesjardins$1302.5%
Home Trust Preferred VisaHome Trust$00%
Home Trust Secured VisaHome Trust$02.5%
Laurentian Bank Visa Infinite CardLaurentian Bank$1302.5%
Marriott Bonvoy Business American Express CardAmerican Express$1502.5%
MBNA Rewards Platinum Plus MastercardMBNA$02.5%
MBNA Rewards World Elite MastercardMBNA$1202.5%
MBNA True Line MastercardMBNA$02.5%
Meridian Visa Infinite Cash Back CardMeridian$992.5%
Meridian Visa Infinite Travel Rewards CardMeridian$992.5%
National Bank World Elite MastercardNational Bank$1502.5%
Neo Secured CardNeo Financial$02.5%
Neo World Elite MastercardNeo Financial$02.5%
Neo World MastercardNeo Financial$02.5%
PC World Elite MastercardPC Financial$02.5%
RBC Avion Visa BusinessRBC$1202.5%
RBC Avion Visa InfiniteRBC$1202.5%
RBC Avion Visa Infinite BusinessRBC$1752.5%
RBC Avion Visa Infinite PrivilegeRBC$3992.5%
RBC Avion Visa PlatinumRBC$1202.5%
RBC British Airways Visa InfiniteRBC$1652.5%
RBC Cash Back MastercardRBC$02.5%
RBC Cash Back Preferred World Elite MastercardRBC$992.5%
RBC ION VisaRBC$02.5%
RBC ION+ VisaRBC$482.5%
Rogers Red MastercardRogers Bank$02.5%
Rogers Red World Elite MastercardRogers Bank$02.5%
Scotia Momentum No-Fee Visa CardScotiabank$02.5%
Scotia Momentum Visa cardScotiabank$492.5%
Scotia Momentum Visa Infinite + CardScotiabank$1202.5%
Scotiabank American Express CardScotiabank$02.5%
Scotiabank Gold American Express CardScotiabank$1200%
Scotiabank Passport Visa Infinite + CardScotiabank$1500%
Scotiabank Passport Visa Infinite Privilege CardScotiabank$5990%
Scotiabank Platinum American Express CardScotiabank$3990%
Scotiabank SCENE+ Visa CardScotiabank$02.5%
Simplii Financial Cash Back Visa CardSimplii Financial$02.5%
SimplyCash Card from American ExpressAmerican Express$02.5%
SimplyCash Preferred Card from American ExpressAmerican Express$119.882.5%
Tangerine Money-Back Credit CardTangerine$02.5%
Tangerine Money-Back World MastercardTangerine$02.5%
TD Aeroplan Visa InfiniteTD$1392.5%
TD Aeroplan Visa Infinite PrivilegeTD$5992.5%
TD Aeroplan Visa Platinum CardTD$892.5%
TD Cash Back Visa CardTD$02.5%
TD Cash Back Visa Infinite CardTD$1392.5%
TD First Class Travel Visa InfiniteTD$1392.5%
TD Platinum Travel Visa CardTD$892.5%
TD Rewards Visa CardTD$02.5%
Triangle World Elite MastercardCanadian Tire Bank$02.5%
United MileagePlus Neo World Elite MastercardNeo Financial$892.5%
Walmart Rewards MastercardFairstone Bank of Canada$0Check issuer
Wealthsimple Credit CardWealthsimple$00%
WestJet RBC MastercardRBC$392.5%
WestJet RBC World Elite MastercardRBC$1392.5%
WestJet RBC World Elite Mastercard for BusinessRBC$1752.5%

Questions

What is a foreign transaction fee?

A foreign transaction fee is a charge added to purchases made in a currency other than Canadian dollars, including many online purchases from foreign merchants. Most Canadian credit cards charge 2.5% on top of the exchange rate.

Which Canadian credit cards have no foreign transaction fee?

As of October 2026, the cards we track with no foreign transaction fee are: Home Trust Preferred Visa ($0 annual fee); Wealthsimple Credit Card ($0 annual fee); Scotiabank Gold American Express Card ($120 annual fee); Scotiabank Passport Visa Infinite + Card ($150 annual fee); Scotiabank Platinum American Express Card ($399 annual fee); Scotiabank Passport Visa Infinite Privilege Card ($599 annual fee).

How many Canadian credit cards have no annual fee?

38 of the 105 credit cards we track have a $0 annual fee.

What is a secured credit card?

A secured credit card requires a refundable deposit that usually sets your credit limit. It is designed for people building or rebuilding credit, such as newcomers to Canada.

Always confirm rates and fees with the issuer before applying. See our methodology.