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.
59 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
CIBC
CIBC Dividend Visa Infinite
Year 1 value
~$600
Bonus
10% back (up to $3,000)
Annual fee
FYF
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
~$250
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
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
American Express
Amex SimplyCash Card
Year 1 value
~$100
Bonus
5% back (first 3 mo)
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
~$153
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
Rankings based on estimated first-year value including portal cash back. Individual results vary. Always verify offer terms before applying.