Ratesopedia
Ranking · Updated May 2026

Best No Foreign Transaction Fee Cards in Canada

Save 2.5% on every international purchase. Compare cards that waive foreign transaction fees.

6
cards
Best for: Overall value
Scotiabank Passport® Visa Infinite Privilege* Card
Scotiabank Passport® Visa Infinite Privilege* Card
4.8Ratesopedia rating

It comes with a welcome bonus of 100,000 pts. You earn 1x on groceries and 2x at restaurants. Estimated first-year value is $1,232.

Best of MonthVisa

Annual Fee

$599

Rewards rate

1x

Sceneplus

Welcome Bonus

100,000 pts

1st Year Value

$1,232

Pros

  • Welcome bonus of 100,000 pts
  • 2x at restaurants
  • Estimated 1st-year value of $1,232

Cons

  • High annual fee ($599)
  • Requires good credit
Best for: Overall value
Scotiabank Passport® Visa Infinite Business* Card
Scotiabank Passport® Visa Infinite Business* Card
4.7Ratesopedia rating

It comes with a welcome bonus of 40,000 pts. You earn 1.5x on groceries and 1.5x at restaurants. Estimated first-year value is $1,191.

Visa

Annual Fee

$199

Rewards rate

1.5x

Sceneplus

Welcome Bonus

40,000 pts

1st Year Value

$1,191

Pros

  • Welcome bonus of 40,000 pts
  • Estimated 1st-year value of $1,191

Cons

  • High annual fee ($199)
  • Requires good credit
Best for: Overall value
Scotiabank Passport® Visa Infinite +* Card
Scotiabank Passport® Visa Infinite +* Card
4.5Ratesopedia rating

It comes with a welcome bonus of 60,000 pts. You earn 2x on groceries and 2x at restaurants. Estimated first-year value is $997.

Best of MonthVisa

Annual Fee

$150

Rewards rate

1x

Scene+

Welcome Bonus

60,000 pts

1st Year Value

$997

Pros

  • Welcome bonus of 60,000 pts
  • 2x on groceries
  • 2x at restaurants
  • Estimated 1st-year value of $997

Cons

  • Requires good credit
Best for: Cash back
Brim World Elite Mastercard
Brim World Elite Mastercard
3.0Ratesopedia rating

You earn 1x on groceries and 1x at restaurants. Estimated first-year value is $151.

Mastercard

Annual Fee

$89

Rewards rate

1x

Cashback

Welcome Bonus

1st Year Value

$151

Pros

  • Simple and straightforward

Cons

  • No welcome bonus
  • Requires good credit
Best for: No annual fee
Brim Mastercard
Brim Mastercard
3.3Ratesopedia rating

The Brim Mastercard has no annual fee, making it risk-free to hold. You earn 0.5x on groceries and 0.5x at restaurants. Estimated first-year value is $120.

Mastercard

Annual Fee

$0

Rewards rate

0.5x

Cashback

Welcome Bonus

1st Year Value

$120

Pros

  • No annual fee

Cons

  • No welcome bonus
  • Modest reward rates
Best for: No annual fee
Wise Visa Card
Wise Visa Card
3.3Ratesopedia rating

The Wise Visa Card has no annual fee, making it risk-free to hold.

Visa

Annual Fee

$0

Rewards rate

Welcome Bonus

1st Year Value

Pros

  • No annual fee

Cons

  • No welcome bonus
  • Modest reward rates

Complete Guide

Best No Foreign Transaction Fee Cards in Canada

Save 2.5% on every international purchase. Compare cards that waive foreign transaction fees.

Most Canadian credit cards charge 2.5% on foreign currency purchases — that's $25 on every $1,000 spent abroad or on US-dollar online subscriptions. No-FX-fee cards eliminate this charge entirely, saving frequent travellers and online shoppers hundreds per year.

6

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

1Which Canadian cards have no foreign transaction fee?

Scotiabank Passport Visa Infinite, Brim Financial cards, and the Home Trust Preferred Visa all waive the 2.5% FX fee.

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