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Best No Fee Credit Cards in Canada 2025

Compare 28 best no fee cards from Canada's top banks in 2025

No Annual Fee Credit Cards in Canada 2025

No fee credit cards eliminate the annual cost of card ownership while still offering rewards and benefits. These cards are perfect for budget-conscious consumers who want to earn rewards without paying yearly fees.

What You Get

While no-fee cards typically offer lower reward rates than premium cards, many still provide 1-2% cash back or points on purchases, purchase protection, and sometimes even welcome bonuses.

Ideal For

  • Students and young professionals starting their credit journey
  • Light spenders who won't earn enough rewards to offset annual fees
  • Anyone looking for a backup card without ongoing costs

Best Credit Cards in Canada

The Honest Canadian Rankings

Scotia Momentum No-Fee Visa Card from Scotiabank - VISA credit card with no annual fee

Scotia Momentum No-Fee Visa Card

Scotiabank

1
VISA

Annual Fee

$0.00

Purchase APR

19.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).

✨

Key Benefits

  • •NO ANNUAL FEE
  • •Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).
  • •Plus, get a 0% introductory interest rate on balance transfers for the first 6 months (2% fee per cash advance, 22.99% after that; annual fee $0).
  • •Annual fee: $0
  • •Interest rates: 19.99% purchases / 22.99% cash advances

Card Features

Cash BackMomentumNo FeeBalance Transfer
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Scotia Momentum No-Fee Visa Card (for students) from Scotiabank - VISA credit card with no annual fee

Scotia Momentum No-Fee Visa Card (for students)

Scotiabank

2
VISA

Annual Fee

$0.00

Purchase APR

19.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).

✨

Key Benefits

  • •Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).
  • •Plus, get a 0% introductory interest rate on balance transfers for the first 6 months (2% fee per cash advance, 22.99% after that; annual fee $0).
  • •Annual fee: $0
  • •Interest rates: 19.99% purchases / 22.99% cash advances

Card Features

Balance TransferStudentNo FeeCash BackMomentum
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BMO eclipse rise Visa Card from BMO - VISA credit card with no annual fee

BMO eclipse rise Visa Card

BMO

3
VISA

Annual Fee

$0.00

Purchase APR

21.99%

Foreign Fee

2.5%

🎁

Welcome Offer

You deserve to be rewarded! Get 20,000 points and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee. Plus, earn up to 5,000 bonus points every year!

✨

Key Benefits

  • •Visa
  • •No Fee
  • •$0annual fee
  • •21.99% for purchases
  • •23.99% for cash advances(21.99% for Quebec residents)
  • •for purchases
  • •for cash advances
  • •for Quebec residents

Card Features

Travel RewardsNo Fee
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CIBC Dividend Visa Card for Students from CIBC - VISA credit card with no annual fee

CIBC Dividend Visa Card for Students

CIBC

4
VISA

Annual Fee

$0.00

Purchase APR

21.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Join and earn up to $125 cash back

✨

Key Benefits

  • •2% cash back on eligible groceries
  • •1% cash back on eligible gas, electric vehicle charging, transportation and recurring payments
  • •Free SPC+ membership | Extended warranty | Pay in installments

Card Features

StudentCash BackNo Fee
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CIBC Aeroplan Visa Card from CIBC - VISA credit card with no annual fee

CIBC Aeroplan Visa Card

CIBC

5
VISA

Annual Fee

$0.00

Purchase APR

21.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Apply and earn up to $200 in value, which includes up to 10,000 Aeroplan points!Conditions apply.

✨

Key Benefits

  • •1 point per $1 directly with Air Canada and Air Canada Vacations
  • •1 point per $1 on eligible gas, electric vehicle charging and groceries
  • •Preferred pricing | Earn points twice at over 170 retailers

Card Features

AeroplanTravel RewardsAirline RewardsNo Fee
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CIBC Aeroplan Visa Card for Students from CIBC - VISA credit card with no annual fee

CIBC Aeroplan Visa Card for Students

CIBC

6
VISA

Annual Fee

$0.00

Purchase APR

21.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Apply and earn up to $200 in value, which includes up to 10,000 Aeroplan points! Conditions apply.

✨

Key Benefits

  • •1 point per $1 directly with Air Canada and Air Canada Vacations
  • •1 point per $1 on eligible gas, electric vehicle charging and groceries
  • •Preferred pricing | Earn points twice at over 170 retailers

Card Features

StudentAeroplanTravel RewardsAirline RewardsNo Fee
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CIBC Dividend Visa Card from CIBC - VISA credit card with no annual fee

CIBC Dividend Visa Card

CIBC

7
VISA

Annual Fee

$0.00

Purchase APR

21.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Get up to 10 cents off per litre at participating gas stations with Journie Rewards.

✨

Key Benefits

  • •2% cash back on eligible groceries
  • •1% cash back on eligible gas, electric vehicle charging, transportation, dining and recurring payments
  • •Save on gas | Extended warranty | CIBC Pace It Installment Plans

Card Features

Cash BackNo Fee
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CIBC Adapta Mastercard for Students from CIBC - MASTERCARD credit card with no annual fee

CIBC Adapta Mastercard for Students

CIBC

8
MASTERCARD

Annual Fee

$0.00

Purchase APR

21.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Join and get up to $100 in value with no annual fee.

✨

Key Benefits

  • •1.5 Adapta points per $1 spent in your top 3 spend categories
  • •1 Adapta point per $1 on all other purchases
  • •Includes membership to roadside assistance, with access to services such as towing, battery boosting, gas delivery and much more.

Card Features

StudentAdaptaPoints RewardsFlexible RewardsNo Fee
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TD Cash Back Visa Card from TD Bank - VISA credit card with no annual fee

TD Cash Back Visa Card

TD Bank

9
VISA

Annual Fee

$0.00

Purchase APR

21.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Earn up to $50 in Cash Back Dollars with the TD Cash Back Visa Card. Conditions apply.

✨

Key Benefits

  • •Earn up to $50 in Cash Back Dollars with the TD Cash Back Visa Card. Conditions apply.
  • •$0 Annual Fee
  • •21.99% Interest: Purchases
  • •22.99% Interest: Cash Advances

Card Features

Cash BackNo FeeGeneral
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BMO AIR MILES Mastercard from BMO - MASTERCARD credit card with no annual fee

BMO AIR MILES Mastercard

BMO

10
MASTERCARD

Annual Fee

$0.00

Purchase APR

21.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Get 1,200 AIR MILES Bonus Miles (that’s enough for $120 towards purchases with AIR MILES Cash) and a 0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee.

✨

Key Benefits

  • •AIR MILES
  • •No Fee
  • •$0annual fee
  • •21.99% for purchases
  • •23.99% for cash advances(21.99% for Quebec residents)
  • •for purchases
  • •for cash advances
  • •for Quebec residents

Card Features

Air MilesTravel RewardsNo Fee
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BMO CashBack Mastercard from BMO - MASTERCARD credit card with no annual fee

BMO CashBack Mastercard

BMO

11
MASTERCARD

Annual Fee

$0.00

Purchase APR

21.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.

✨

Key Benefits

  • •Cash Back
  • •No Fee
  • •$0annual fee
  • •21.99% for purchases
  • •23.99% for cash advances(21.99% for Quebec residents)
  • •Welcome offer: Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.
  • •for purchases
  • •for cash advances
  • •for Quebec residents

Card Features

Cash BackNo Fee
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Student BMO AIR MILES Mastercard

BMO

12
MASTERCARD

Annual Fee

$0.00

Purchase APR

21.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Get 800 AIR MILES Bonus Miles (that’s enough for $80 towards purchases with AIR MILES Cash).

✨

Key Benefits

  • •Student
  • •No Fee
  • •$0annual fee
  • •21.99% for purchases
  • •23.99% for cash advances(21.99% for Quebec residents)
  • •Welcome offer: Get 800 AIR MILES Bonus Miles (that’s enough for $80 towards purchases with AIR MILES Cash).
  • •for purchases
  • •for cash advances
  • •for Quebec residents

Card Features

Air MilesTravel RewardsStudentNo Fee
Go to SiteLearn More

Student BMO CashBack Mastercard

BMO

13
MASTERCARD

Annual Fee

$0.00

Purchase APR

21.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Get 5% cash back in your first 3 months!

✨

Key Benefits

  • •Student
  • •No Fee
  • •$0annual fee
  • •21.99% for purchases
  • •23.99% for cash advances(21.99% for Quebec residents)
  • •Welcome offer: Get 5% cash back in your first 3 months!
  • •for purchases
  • •for cash advances
  • •for Quebec residents

Card Features

Cash BackStudentNo Fee
Go to SiteLearn More
Scotiabank American Express Card from Scotiabank - AMEX credit card with no annual fee

Scotiabank American Express Card

Scotiabank

14
AMEX

Annual Fee

$0.00

Purchase APR

19.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Earn up to 7,500 bonus Scene+ points within your first 3 months (that’s up to $75 towards travel).

✨

Key Benefits

  • •TRAVEL AND LIFESTYLE
  • •Earn up to 7,500 bonus Scene+ points within your first 3 months (that’s up to $75 towards travel).
  • •Earn 3 Scene+ points on every $1 you spend at Sobeys, Safeway, FreshCo, Foodland and more.
  • •Annual fee: $0
  • •Interest rates: 19.99% purchases / 22.99% cash advances

Card Features

Points RewardsAmexAmex RewardsNo FeeGrocery Rewards
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Scotiabank Scene+ Visa Card from Scotiabank - VISA credit card with no annual fee

Scotiabank Scene+ Visa Card

Scotiabank

15
VISA

Annual Fee

$0.00

Purchase APR

20.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Earn up to 5,000 bonus Scene+ points within your first 3 months.

✨

Key Benefits

  • •Earn up to 5,000 bonus Scene+ points within your first 3 months.
  • •Earn 2 Scene+ points on every $1 you spend at Sobeys, Safeway, Foodland & Participating Co-ops, FreshCo and more.
  • •Earn 2 Scene+ points on every $1 you spend at Home Hardware.
  • •Annual fee: $0
  • •Interest rates: 20.99% purchases / 22.99% cash advances

Card Features

Scene PlusPoints RewardsEntertainment RewardsNo FeeGrocery Rewards
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Scotiabank Scene+ Visa Card (for students) from Scotiabank - VISA credit card with no annual fee

Scotiabank Scene+ Visa Card (for students)

Scotiabank

16
VISA

Annual Fee

$0.00

Purchase APR

20.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Earn up to 5,000 bonus Scene+ points within your first 3 months.

✨

Key Benefits

  • •Earn up to 5,000 bonus Scene+ points within your first 3 months.
  • •Earn 2 Scene+ pointson every $1 you spend at Sobeys, Safeway, Foodland & Participating Co-ops, FreshCo and more.
  • •Earn 2 Scene+ points on every $1 you spend at Home Hardware.
  • •Annual fee: $0
  • •Interest rates: 20.99% purchases / 22.99% cash advances

Card Features

Scene PlusPoints RewardsEntertainment RewardsStudentNo FeeGrocery Rewards
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CIBC Adapta Mastercard from CIBC - MASTERCARD credit card with no annual fee

CIBC Adapta Mastercard

CIBC

17
MASTERCARD

Annual Fee

$0.00

Purchase APR

21.99%

Foreign Fee

2.5%

✨

Key Benefits

  • •1.5 Adapta points per $1 spent in your top 3 spend categories
  • •1 Adapta point per $1 on all other purchases
  • •Includes membership to roadside assistance, with access to services such as towing, battery boosting, gas delivery and much more

Card Features

AdaptaPoints RewardsFlexible RewardsNo Fee
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CIBC Aventura Visa Card from CIBC - VISA credit card with no annual fee

CIBC Aventura Visa Card

CIBC

18
VISA

Annual Fee

$0.00

Purchase APR

21.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Earn up to 12,500 Aventura Points for no annual fee.

✨

Key Benefits

  • •1 point per $1 on travel booked through the CIBC Rewards Centre
  • •1 point per $1 on eligible gas, electric vehicle charging, grocery and drugstore purchases
  • •Book travel with personalized assistance

Card Features

AventuraTravel RewardsPoints RewardsNo Fee
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CIBC Aventura Visa Card for Students from CIBC - VISA credit card with no annual fee

CIBC Aventura Visa Card for Students

CIBC

19
VISA

Annual Fee

$0.00

Purchase APR

21.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Earn up to 12,500 Aventura Points for no annual fee.

✨

Key Benefits

  • •1 point per $1 on travel booked through the CIBC Rewards Centre
  • •1 point per $1 on eligible gas, electric vehicle charging, grocery and drugstore purchases
  • •Free SPC+ membership | CIBC Pace It Installment Plans

Card Features

StudentAventuraTravel RewardsPoints RewardsNo Fee
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CIBC Classic Visa Card from CIBC - VISA credit card with no annual fee

CIBC Classic Visa Card

CIBC

20
VISA

Annual Fee

$0.00

Purchase APR

21.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Get 90-day protection on new purchases and $100,000 Common Carrier Accident Insurance.

✨

Key Benefits

  • •Send money abroad with $0 transfer fee with CIBC Global Money Transfer.
  • •Pay off large purchases with CIBC Pace It low rate Installment Plans
  • •Save up to 10 cents per litre on gas with CIBC and Journie Rewards

Card Features

No Fee
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CIBC Classic Visa Card for Students from CIBC - VISA credit card with no annual fee

CIBC Classic Visa Card for Students

CIBC

21
VISA

Annual Fee

$0.00

Purchase APR

21.99%

Foreign Fee

2.5%

✨

Key Benefits

  • •Free SPC+ membership | CIBC Pace It Installment Plans
  • •Save up to 10 cents per litre on gas with CIBC and Journie Rewards

Card Features

StudentNo Fee
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CIBC Costco Business Mastercard from CIBC - MASTERCARD credit card with no annual fee

CIBC Costco Business Mastercard

CIBC

22
MASTERCARD

Annual Fee

$0.00

Purchase APR

20.75%

Foreign Fee

2.5%

✨

Key Benefits

  • •3% cash back at Costco gas and restaurants
  • •2% cash back at Costcobusinesscentre.ca, at Costco.ca, on shipping, on insurance services, at other gas stations and at electric vehicle charging stations
  • •CIBC Pace It Installment Plans: Special rates on eligible Costco purchases

Card Features

CostcoCash BackStore CardNo FeeSmall Business
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CIBC Costco Mastercard from CIBC - MASTERCARD credit card with no annual fee

CIBC Costco Mastercard

CIBC

23
MASTERCARD

Annual Fee

$0.00

Purchase APR

21.75%

Foreign Fee

2.5%

✨

Key Benefits

  • •3% cash back at restaurants and Costco gas
  • •2% cash back at other gas stations, electric vehicle charging stations and at Costco.ca
  • •CIBC Pace It Installment Plans: Special rates on eligible Costco purchases

Card Features

CostcoCash BackStore CardNo Fee
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CIBC bizline Visa Card from CIBC - VISA credit card with no annual fee

CIBC bizline Visa Card

CIBC

24
VISA

Annual Fee

$0.00

Purchase APR

1.5%

Foreign Fee

2.5%

🎁

Welcome Offer

Interest as low as CIBC Prime plus 1.5%.

✨

Key Benefits

  • •Access high credit limit — up to $50,000
  • •Add up to 9 cardholders under one account
  • •CIBC CreditSmart helps you track your credit card activity

Card Features

No FeeBusiness Line Of Credit
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Scotia Momentum Mastercard credit card from Scotiabank - MASTERCARD credit card with no annual fee

Scotia Momentum Mastercard credit card

Scotiabank

25
MASTERCARD

Annual Fee

$0.00

Purchase APR

20.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Earn 1% cash back on all eligible gas station, grocery store, drug store purchases and recurring payments.

✨

Key Benefits

  • •Earn 1% cash back on all eligible gas station, grocery store, drug store purchases and recurring payments.
  • •7.99% introductory interest rate on purchases for the first 6 months (20.99% after that; annual fee $0).
  • •Annual fee: $0
  • •Interest rates: 20.99% purchases / 22.99% cash advances

Card Features

Cash BackMomentumNo Fee
Go to SiteLearn More
Scotiabank American Express Card (for students) from Scotiabank - AMEX credit card with no annual fee

Scotiabank American Express Card (for students)

Scotiabank

26
AMEX

Annual Fee

$0.00

Purchase APR

19.99%

Foreign Fee

2.5%

🎁

Welcome Offer

Earn up to 7,500 bonus Scene+ points within your first 3 months (that’s up to $75 towards travel).

✨

Key Benefits

  • •Earn up to 7,500 bonus Scene+ points within your first 3 months (that’s up to $75 towards travel).
  • •Earn 3 Scene+ points on every $1 you spend at Sobeys, Safeway, FreshCo, Foodland and more.
  • •Annual fee: $0
  • •Interest rates: 19.99% purchases / 22.99% cash advances

Card Features

Amex RewardsPoints RewardsStudentAmexNo FeeGrocery Rewards
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TD Business Cash Back Visa Card from TD Bank - VISA credit card with no annual fee

TD Business Cash Back Visa Card

TD Bank

27
VISA

Annual Fee

$0.00

Purchase APR

19.99%

Foreign Fee

2.5%

✨

Key Benefits

  • •Invest back into your business with Cash Back Dollars.
  • •$0 Annual Fee
  • •19.99% Interest: Purchases
  • •22.99% Interest: Cash Advances

Card Features

Cash BackNo FeeBusinessSmall Business
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TD Business Select Rate Visa Card from TD Bank - VISA credit card with no annual fee

TD Business Select Rate Visa Card

TD Bank

28
VISA

Annual Fee

$0.00

Purchase APR

11.99%

Foreign Fee

2.5%

✨

Key Benefits

  • •Save on interest to grow your business with confidence
  • •$0 Annual Fee
  • •11.99% Interest: Purchases
  • •11.99% Interest: Cash Advances

Card Features

No FeeBusinessSmall Business
Go to SiteLearn More