Save 2.5% on every international purchase. Compare cards that waive foreign transaction fees.
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.
Annual Fee
$599
Rewards rate
1x
Sceneplus
Welcome Bonus
100,000 pts
1st Year Value
$1,232
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.
Annual Fee
$199
Rewards rate
1.5x
Sceneplus
Welcome Bonus
40,000 pts
1st Year Value
$1,191
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.
Annual Fee
$150
Rewards rate
1x
Scene+
Welcome Bonus
60,000 pts
1st Year Value
$997
You earn 1x on groceries and 1x at restaurants. Estimated first-year value is $151.
Annual Fee
$89
Rewards rate
1x
Cashback
Welcome Bonus
—
1st Year Value
$151
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.
Annual Fee
$0
Rewards rate
0.5x
Cashback
Welcome Bonus
—
1st Year Value
$120
The Wise Visa Card has no annual fee, making it risk-free to hold.
Annual Fee
$0
Rewards rate
—
Welcome Bonus
—
1st Year Value
—
Complete Guide
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
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.
FAQ
Scotiabank Passport Visa Infinite, Brim Financial cards, and the Home Trust Preferred Visa all waive the 2.5% FX fee.
Compare the best credit cards in Canada or calculate which card's rewards actually fit your budget.
Cash Back
Travel
No Fee
Students
Groceries
Restaurants
1st Yr Free
Balance Transfer
Lounges
Aeroplan
PC Optimum
Scene+
Amex Membership Rewards
CIBC Aventura
RBC Avion
BMO Rewards
TD Rewards
WestJet Rewards
Marriott Bonvoy
RBC
CIBC
Scotiabank
BMO
American Express
TD
MBNA
National Bank
Neo Financial
Capital One
Desjardins
Tangerine
Rogers Bank
Laurentian Bank
Visa
Mastercard
Amex (network)
