Best no annual fee credit cards
Earn rewards without paying an annual fee. These cards offer strong earn rates and welcome bonuses with zero annual cost.
85 cards · Ranked by first-year value · Portal bonuses included
BMO
BMO VIPorter World Elite MC
Year 1 value
~$675
Bonus
70,000 pts + companion pass
Annual fee
FYF
Visa
TD Aeroplan Visa Infinite* Card
Year 1 value
~$837
Bonus
45,000 points ($900◊)
Annual fee
$0
CIBC
CIBC Aeroplan Platinum Student Visa
Year 1 value
~$560
Bonus
10,000 points
Annual fee
$0
CIBC
CIBC Dividend Visa Infinite
Year 1 value
~$600
Bonus
10% back (up to $3,000)
Annual fee
FYF
Mastercard
Tangerine Money-Back Credit Card
Year 1 value
~$610
Bonus
11.13% cash back ($106◊)
Annual fee
$0
Scotiabank
Scotiabank Student Scene Visa
Year 1 value
~$378
Bonus
5,000 points
Annual fee
$0
MBNA / TD
MBNA Smart Cash Platinum Plus MC
Year 1 value
~$325
Bonus
5% back (first 6 mo)
Annual fee
$0
RBC
RBC Cash Back Preferred World Elite MC
Year 1 value
~$290
Bonus
12% back (first 3 mo)
Annual fee
FYF
Manulife Bank
Manulife Money+ Visa Infinite
Year 1 value
~$200
Bonus
20,000 pts
Annual fee
FYF
PC Financial
PC Financial World Elite MC
Year 1 value
~$200
Bonus
20,000 PC Optimum pts
Annual fee
$0
Scotiabank
Scotia Momentum No-Fee Visa
Year 1 value
~$215
Bonus
10% back (first 3 mo)
Annual fee
$0
Desjardins
Desjardins No-Fee Visa
Year 1 value
~$180
Bonus
4,000 BONUSDOLLARS
Annual fee
$0
CIBC
CIBC Aeroplan Visa (No Fee)
Year 1 value
~$160
Bonus
10,000 Aeroplan
Annual fee
$0
Home Trust
Home Trust Preferred Visa
Year 1 value
~$150
Bonus
No welcome bonus
Annual fee
$0
Canadian Tire Bank
Triangle World Elite Mastercard
Year 1 value
~$150
Bonus
No welcome bonus
Annual fee
$0
MBNA
MBNA Rewards Platinum Plus Mastercard
Year 1 value
$120
Bonus
10,000 pts
Annual fee
$0
American Express
Amex SimplyCash Card
Year 1 value
~$100
Bonus
5% back (first 3 mo)
Annual fee
$0
BMO
BMO Cash Back Mastercard (Student)
Year 1 value
~$100
Bonus
5% cash back (first 3 months)
Annual fee
$0
CIBC
CIBC Costco Mastercard
Year 1 value
~$100
Bonus
$100 statement credit
Annual fee
$0
Simplii Financial
Simplii Financial Cash Back Visa
Year 1 value
~$93
Bonus
20% back (first 3 mo)
Annual fee
$0
PC Financial
PC Financial World Mastercard
Year 1 value
~$20
Bonus
20,000 PC Optimum pts
Annual fee
$0
Capital One
Capital One Smart Rewards Mastercard
Year 1 value
$0
Bonus
None
Annual fee
No fee
Neo Financial
Neo Financial Money Mastercard
Year 1 value
$0
Bonus
None
Annual fee
No fee
Neo Financial
Neo Financial Standard Mastercard
Year 1 value
$0
Bonus
None
Annual fee
No fee
Wealthsimple
Wealthsimple Cash Mastercard
Year 1 value
$0
Bonus
None
Annual fee
No fee
Rankings based on estimated first-year value including portal cash back. Individual results vary. Always verify offer terms before applying.