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Ranking · Updated May 2026

Best No Annual Fee Credit Cards in Canada

Top credit cards with $0 annual fee. Earn cash back and rewards without paying a yearly charge.

72
cards
Best for: No annual fee
American Express® Green Card
American Express® Green Card
4.3Ratesopedia rating

The American Express® Green Card has no annual fee, making it risk-free to hold. It comes with a welcome bonus of 10,000 pts. You earn 1x on groceries and 1x at restaurants. Estimated first-year value is $578.

Best of MonthAmerican Express Canada

Annual Fee

$0

Rewards rate

1x

American Express Membership Rewards

Welcome Bonus

10,000 pts

1st Year Value

$578

Pros

  • No annual fee
  • Welcome bonus of 10,000 pts
  • Estimated 1st-year value of $578

Cons

  • Fewer premium perks
Best for: No annual fee
CIBC Aeroplan® Visa* Card
CIBC Aeroplan® Visa* Card
4.3Ratesopedia rating

The CIBC Aeroplan® Visa* Card has no annual fee, making it risk-free to hold. It comes with a welcome bonus of 10,000 pts. You earn 1x on groceries and 0.67x at restaurants. Estimated first-year value is $577.

Visa

Annual Fee

$0

Rewards rate

0.67x

Aeroplan

Welcome Bonus

10,000 pts

1st Year Value

$577

Pros

  • No annual fee
  • Welcome bonus of 10,000 pts
  • Estimated 1st-year value of $577

Cons

  • Requires good credit
Best for: Students
CIBC Aeroplan® Visa* Card for Students
CIBC Aeroplan® Visa* Card for Students
4.3Ratesopedia rating

The CIBC Aeroplan® Visa* Card for Students has no annual fee, making it risk-free to hold. It comes with a welcome bonus of 10,000 pts. You earn 1x on groceries and 0.67x at restaurants. Estimated first-year value is $538.

Visa

Annual Fee

$0

Rewards rate

0.67x

Aeroplan

Welcome Bonus

10,000 pts

1st Year Value

$538

Pros

  • No annual fee
  • Welcome bonus of 10,000 pts
  • Estimated 1st-year value of $538

Cons

  • Fewer premium perks
Best for: No annual fee
SimplyCash® Card from American Express
SimplyCash® Card from American Express
3.8Ratesopedia rating

The SimplyCash® Card from American Express has no annual fee, making it risk-free to hold. It comes with a welcome bonus of 100 pts. You earn 2x on groceries and 1.25x at restaurants. Estimated first-year value is $463.

Best of MonthAmerican Express Canada

Annual Fee

$0

Rewards rate

1.25x

Cashback

Welcome Bonus

100 pts

1st Year Value

$463

Pros

  • No annual fee
  • Welcome bonus of 100 pts
  • 2x on groceries
  • Estimated 1st-year value of $463

Cons

  • Fewer premium perks
Best for: No annual fee
MBNA Rewards Platinum Plus® Mastercard®
MBNA Rewards Platinum Plus® Mastercard®
3.8Ratesopedia rating

The MBNA Rewards Platinum Plus® Mastercard® has no annual fee, making it risk-free to hold. It comes with a welcome bonus of 10,000 pts. You earn 2x on groceries and 2x at restaurants. Estimated first-year value is $407.

Best of MonthMastercard

Annual Fee

$0

Rewards rate

1x

Mbna Rewards

Welcome Bonus

10,000 pts

1st Year Value

$407

Pros

  • No annual fee
  • Welcome bonus of 10,000 pts
  • 2x on groceries
  • 2x at restaurants

Cons

  • Fewer premium perks
Best for: No annual fee
MBNA Rewards Platinum Plus® Mastercard®
MBNA Rewards Platinum Plus® Mastercard®
3.8Ratesopedia rating

The MBNA Rewards Platinum Plus® Mastercard® has no annual fee, making it risk-free to hold. It comes with a welcome bonus of 10,000 pts. You earn 2x on groceries and 2x at restaurants. Estimated first-year value is $407.

Best of MonthMastercard

Annual Fee

$0

Rewards rate

1x

Mbna Rewards

Welcome Bonus

10,000 pts

1st Year Value

$407

Pros

  • No annual fee
  • Welcome bonus of 10,000 pts
  • 2x on groceries
  • 2x at restaurants

Cons

  • Fewer premium perks
Best for: No annual fee
Simplii Financial™ Cash Back Visa* Card
Simplii Financial™ Cash Back Visa* Card
3.8Ratesopedia rating

The Simplii Financial™ Cash Back Visa* Card has no annual fee, making it risk-free to hold. It comes with a welcome bonus of 100 pts. You earn 1.5x on groceries and 4x at restaurants. Estimated first-year value is $407.

Annual Fee

$0

Rewards rate

0.5x

Cashback

Welcome Bonus

100 pts

1st Year Value

$407

Pros

  • No annual fee
  • Welcome bonus of 100 pts
  • 4x at restaurants
  • Estimated 1st-year value of $407

Cons

  • Requires good credit
Best for: No annual fee
MBNA Smart Cash Platinum Plus® Mastercard®
MBNA Smart Cash Platinum Plus® Mastercard®
3.8Ratesopedia rating

The MBNA Smart Cash Platinum Plus® Mastercard® has no annual fee, making it risk-free to hold. It comes with a welcome bonus of 150 pts. You earn 2x on groceries and 0.5x at restaurants. Estimated first-year value is $396.

Best of MonthMastercard

Annual Fee

$0

Rewards rate

0.5x

Cashback

Welcome Bonus

150 pts

1st Year Value

$396

Pros

  • No annual fee
  • Welcome bonus of 150 pts
  • 2x on groceries
  • Estimated 1st-year value of $396

Cons

  • Fewer premium perks
Best for: No annual fee
Scotiabank American Express® Card
Scotiabank American Express® Card
3.8Ratesopedia rating

The Scotiabank American Express® Card has no annual fee, making it risk-free to hold. It comes with a welcome bonus of 5,000 pts. You earn 2x on groceries and 2x at restaurants. Estimated first-year value is $393.

Best of MonthAmerican Express Canada

Annual Fee

$0

Rewards rate

1x

Sceneplus

Welcome Bonus

5,000 pts

1st Year Value

$393

Pros

  • No annual fee
  • Welcome bonus of 5,000 pts
  • 2x on groceries
  • 2x at restaurants

Cons

  • Requires good credit
Best for: No annual fee
Amazon.ca Rewards Mastercard
Amazon.ca Rewards Mastercard
3.8Ratesopedia rating

The Amazon.ca Rewards Mastercard has no annual fee, making it risk-free to hold. It comes with a welcome bonus of 150 pts. You earn 1x on groceries and 1x at restaurants. Estimated first-year value is $390.

Mastercard

Annual Fee

$0

Rewards rate

1x

Cashback

Welcome Bonus

150 pts

1st Year Value

$390

Pros

  • No annual fee
  • Welcome bonus of 150 pts
  • Estimated 1st-year value of $390

Cons

  • Fewer premium perks

Complete Guide

Best No Annual Fee Credit Cards in Canada

Top credit cards with $0 annual fee. Earn cash back and rewards without paying a yearly charge.

No annual fee credit cards let you earn rewards without paying a yearly charge. While earn rates are typically lower than premium cards, the $0 cost means every reward is pure profit.

Best Use Cases

No-fee cards are ideal as a secondary card for specific categories, for building credit history, for students, or for anyone who wants rewards without commitment. They're also great as a "sock drawer" card to maintain credit history length.

72

Cards analyzed

May 2026

Last updated

100%

Independent

Methodology

Our team evaluates credit cards based on overall consumer value: rewards earning rates, annual fees, welcome bonuses, insurance coverage, and additional perks. Cards are ranked by estimated first-year value. We update our picks monthly.

📊Real data
🔄Updated regularly
⚖️Unbiased review
🎯Transparent criteria

FAQ

Frequently Asked Questions

1What's the best no-fee credit card in Canada?

The Tangerine Money-Back offers 2% cash back in 2-3 categories of your choice with no annual fee — one of the best no-fee options available.

2Can I still earn good rewards without paying a fee?

Yes. Cards like the BMO CashBack, PC Financial Mastercard, and Simplii Cash Back Visa all offer competitive rewards with $0 annual fee.

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