Compare Credit Cards for October 2020

Compare rewards, cash back, low interest, balance transfer, secured cards and more.


NameRewardPurchase Interest RateCash Advance RateAnnual Fee
Earn 3 TD Rewards Points per $1 spent on travel booking via ExpediaForTD.com, 2 points when you book via phone, 2 points on grocery dining and bill payments and 1 point on all other spend.

19.99%

22.99%

$0

Details
Receive 1% cash back on payments made at gas stations, supermarkets, pharmacies and recurring bill payments.

7.99%

22.99%

$0

Details
Earn 1.5% cash back per $1 spent at Shell stations in Canada and 0.5% on everything else.

19.99%

22.99%

$0

Details
Earn 4% Money-Back Rewards in three categories of your choice such as groceries, dining, petrol and more. Ends January 31, 2020.

19.95%

19.95%

$0

Details
Get 1% cash back on purchases made at gas stations, grocery stores and drug stores, and on recurring bill payments, plus an additional 0.5% cash back on all other spend.

7.99%

22.99%

$0

Details
Earn 1 Scotia Rewards point per $1 spent on eligible purchases.

19.99%

22.99%

$0

Details
Earn 4% Money-Back Rewards in up to 3 categories of your choice. Offer ends January 31, 2020.

19.95%

19.95%

$0

Details
Earn 1% cash back on all other purchases. No caps, no limit.

19.99%

22.99%

$0

Details
Earn 2x AIR MILES reward miles per $20 spent at eligible partners and 1 mile per $20 spent for all other purchases.

19.99%

22.99%

$0

Details
Get up to 5% in GM Earnings on your initial spend of $5,000 in the first year, and 2% thereafter.

19.99%

22.99%

$0

Details
Earn 1% cash back on all other purchases. No caps, no limit.

19.99%

22.99%

$0

Details
Earn 1.5% cash back on all purchases. No cap and no limit.

19.99%

22.99%

$0

Details
Save with a low interest rate and no annual fee

16.99%

16.99%

$0

Details
Earn 1 BMO Rewards point for every $1 spent.

19.99%

22.99%

$0

Details
Earn 1% in cash back on eligible groceries, gas, and bill payments and 0.5% in cash back on all other purchases.

19.99%

22.99%

$0

Details
Earn 2 AIR MILES reward miles per $20 spent at Sobeys, Foodland and eligible AIR MILES partners, and 1 AIR MILE for every $20 spent elsewhere.

19.99%

22.99%

$0

Details
Get up to 5% in GM Earnings upon initial spend of $10,000 in the first year and 2% subsequently.

19.99%

22.99%

$0

Details
Earn 1 SCENE point per $1 spent on all eligible purchases, plus 5 SCENE points for every $1 spent at Cineplex Entertainment theatres or cineplex.com.

19.99%

22.99%

$0

Details
Earn 1 mile per $10 spend in purchases.

19.99%

22.99%

$0

Details
Earn 3 BMO Rewards points per $1 spent on dining, travel and entertainment purchases and 2 points for all other purchases.

19.99%

22.99%

$0

Details
Earn 2x AIR MILES reward miles per $20 spend at eligible AIR MILES partners and and 1 miles per $20 spend in credit card purchases.

19.99%

22.99%

$0

Details
Earn 2x the Miles for every $20 spent at eligible AIR MILES partners, and 1 Mile per $20 spent elsewhere.

19.99%

22.99%

$0

Details
Earn 2x AIR MILES reward miles per $20 spent at eligible partners and IGA stores and 1 mile per $20 spent for all other purchases.

19.99%

22.99%

$0

Details
Get 3% cash back on eligible groceries, gas and bill payments and 1% cash back on all other purchases.

20.99%

22.99%

$0

Details
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.

19.99%

22.99%

$0

Details
1.25% cash back rate on all purchases when your welcome offer ends. No cap.

19.99%

22.99%

$0

Details
Other purchases 1% Cash Back Welcome Offer: Get 5% cash back on every purchase in your first 3 months*.

19.99%

22.99%

$0

Details

12.99%

24.99%

$0

Details

16.99%

16.99%

$0

Details
Other purchases 0.5% Cash Back Earn 0.5 points per $1 on all of your spending

20.99%

22.99%

$0

Details
Other purchases 1 point per dollar 1 BMO Rewards point for every $1 spent

19.99%

22.99%

$0

Details

8.99%

8.99%

$0

Details
Other purchases 0.05 points per dollar Get 2x the Miles for every $20 spent at participating AIR MILES Partners. Get 1 Mile for every $20 spent everywhere else.

19.99%

22.99%

$0

Details
Other purchases 2% Cash Back in chosen 2% Money-Back Categories. 0.5% on all other purchases.

19.95%

19.95%

$0

Details
Gas Groceries Restaurants Travel Pharmacy Bills Entertainment Other purchases 2.5% Cash Back Earn 2.5% cash back on purchases (up to $150 cash back) for the first 3 months. Earn 1.25% cash back thereafter. Other purchases 1.25% Cash Back

19.99%

22.99%

$0

Details
Other purchases 0.05 points per dollar Get 2x the Miles for every $20 spent at participating AIR MILES Partners. Get 1 Mile for every $20 spent everywhere else.

19.99%

22.99%

$0

Details
Other purchases 1 point per dollar 1 AIR MILE for every $20 in card purchases everywhere else

19.99%

22.99%

$0

Details
Gas Groceries Restaurants 2 points per dollar 2 points‡ for every $1 spent on eligible gas, groceries and restaurant purchases ($5,000 annual cap on each category) Other purchases 1 point per dollar 1 point‡ for every $1 in eligible purchases

19.99%

24.99%

$0

Details
Gas Groceries Pharmacy Travel 1 point per dollar Earn 1 point for every $1 spent at gas stations, grocery stores and drugstores, and on travel purchased through the CIBC Rewards Centre. Other purchases 0.5 points per dollar Earn 1 point for every $2 on al

19.99%

22.99%

$0

Details
Other purchases 1 point per dollar Earn one Scotia Rewards point on all eligible everyday purchases.

19.99%

22.99%

$0

Details
Other purchases 1% Cash Back Earn 1% cashback on eligible purchases1 in Canada, with no caps on cashback earn

19.99%

19.99%

$0

Details
Travel 3 points per dollar Earn 3 TD Rewards Points for every $1 when you book travel online through ExpediaForTD.com4 Groceries Restaurants Bills 2 points per dollar Earn 2 TD Rewards Points for every $1 in grocery, restaurant and fast food purchases2, a

19.99%

22.99%

$0

Details
Other purchases 1 point per dollar Earn 1 reward mile for every $20 in Card purchases everywhere else.

19.99%

22.99%

$0

Details
Other purchases 1 point per dollar Earn 1 AIR MILES Reward Mile for every $20 in credit card purchases* Gas 1.25 points per dollar Earn 1.25x the Miles for every $20 you spend at participating Shell stations.

19.99%

22.99%

$0

Details
Other purchases 4% Cash Back Earn 4%† back in Canadian Tire Money® when you shop at Canadian Tire, Sport Chek®, and participating Marks®/L’Équipeur and Atmosphere® locations Other purchases 0.8% Cash Back Earn 0.8%† back in Canadian Tire Money® on all oth

19.99%

22.99%

$0

Details
Groceries Gas Bills 1% Cash Back Earn 1% in Cash Back Dollars on eligible grocery Purchases and gas Purchases and on regularly recurring bill payments set up on your Account Other purchases 0.5% Cash Back Earn 0.5% in Cash Back Dollars on all other Purcha

19.99%

22.99%

$0

Details
Gas Groceries Pharmacy Bills 1% Cash Back Earn 1% cash back on gas, grocery and pharmacy store purchases and utility bill payments Other purchases 0.5% Cash Back Earn 0.5% cash back on all other eligible purchases

19.5%

21.99%

$0

Details
Restaurants Bills 1% Cash Back Earn 1% cashback on restaurants purchases and recurring pre-authorized payments Other purchases 0.5% Cash Back Earn 0.5% cashback on all other purchases.

20.99%

22.99%

$0

Details
Groceries 2% Cash Back Earn 2% cash back on your first $6,000 in net annual grocery purchases Other purchases 0.5% Cash Back 0.5% cash back on first $6,000 in net annual purchases, 1% everything over $6,000

19.99%

22.99%

$0

Details
Gas Groceries Pharmacy Bills 1% Cash Back Other purchases 0.5% Cash Back

19.99%

21.99%

$0

Details
Gas Groceries 2% Cash Back Welcome Offer: Get 5% Cash Back†† on eligible gas and grocery purchases for the first 6 months (until the total gas and grocery purchases in the applicable month reaches $500). Earn 2%‡ thereafter. Other purchases 0.5% Cash Back

19.99%

24.99%

$0

Details
Gas Groceries Pharmacy Bills 1% Cash Back 1% cash back on eligible gas station, grocery store and drug store purchases, and recurring bill payments Other purchases 0.5% Cash Back 0.5% cash back on all other eligible everyday purchases

19.99%

22.99%

$0

Details
Gas 1.5% Cash Back 1.5% CashBack for every dollar you spend on purchases at Shell locations in Canada Other purchases 0.5% Cash Back 0.5% CashBack on every dollar you spend on purchases everywhere else

19.99%

22.99%

$0

Details
Other purchases 1% Cash Back Welcome Offer: Get 5% cash back on every purchase in your first 3 months*.

19.99%

22.99%

$0

Details
Other purchases 0.5% Cash Back Earn 1% cash back on contactless and preathorized payments, 0.5% cash back on all purchases

19.9%

19.9%

$0

Details
Other purchases 0.5% Cash Back Earn 1% cash back on contactless and preauthorized payments, 0.5% cash back on all other purchases.

19.9%

19.99%

$0

Details
Other purchases 4% Cash Back Earn 4%† back in Canadian Tire Money® when you shop at Canadian Tire, Sport Chek®, and participating Marks®/L’Équipeur and Atmosphere® locations Groceries 3% Cash Back Earn 3% (1) back in Canadian Tire Money® when you shop at

19.99%

22.99%

$0

Details
Other purchases 1.25% Cash Back Earn 1.25% in Walmart Reward Dollars on your purchases at Walmart stores in Canada or at Walmart.ca Other purchases 1% Cash Back Earn 1% everywhere else Mastercard is accepted.

19.89%

21.49%

$0

Details
Travel 3% Cash Back 3% unlimited cash back rewards on all eligible purchases made in a foreign currency Other purchases 2% Cash Back 2% unlimited cash back rewards on Rogers™ products and services charged to your card Other purchases 1.25% Cash Back 1.25%

19.99%

21.5%

$0

Details

LET’S GET TO KNOW SOME BEST NO ANNUAL FEE CREDIT CARDS IN CANADA

It is always efficient and convenient to have a credit card in your wallet, but there are some issues with the credit cards that hamper such desires. The annual advance fees, like the premium credit cards that have several benefits but come with a hefty annual fee and the same, implies for most of the credit cards. Those who use the credit cards in most transactions and have a huge number of transactions, the annual fee doesn’t matter but suppose you are not spending heavily, the overall returns of the credit card are minimal resulting in a loss. There is another option here, that is a no-fee credit card that comes along with the benefits but lacks the hefty annual amounts and thus you generate more rewards and returns on your transactions. 

WHAT IS NO-FEE CREDIT CARD?

In a no-fee credit card, there is no annual fee that has to be paid for card maintenance, but as expected in return they typically have fewer rewards or benefits. But the regular card interest charges and other fees are applicable for no-fee credit cards even though the annual rental is waived off. These are great options for those who don’t have much credit card transactions but use them once in a while. But if you use your credit card for everyday purchases, then it might not be beneficial for you, as the rewards are very less for no –fee credit cards. Some no-fee credit cards offer rewards, but the rewards are less sand fewer as compared to other normal fee credit cards. 

BEST NO FEE CREDIT CARDS IN CANADA

Out of all the types of no-fee credit cards we have compiled a list that offers unlimited cash back and travel rewards along with interesting balance transfers, extended warranty, low purchase rates, fraud protection,cash advance rates, zero percent foreign exchange fees and many more such attractive benefits.

Tangerine Money-Back Credit Card

This card had zero annual fees but also provides some benefits such as 2 percent cash back for up to three categories of spending such as groceries, entertainment, home improvement, gas, bill payments, pharmaceutical purchases, etc. which can be changed at any point of time to suit your spending habits and provides 0.5 percent cash back on other purchases that are not of the three selected categories. You also get $250 cash bonus when you use the card for a total $5000 transaction within the first three months, and the cashback is paid automatically each month with a year extended warranty.

American Express Simply Cash Card

This card is popular for its fixed-rate cashback rewards which give you a 2.5 % cashback in your first three months, 1.25% cashback on all other purchases after the first three months along with $1000,000 travel accident insurance. Another benefit is that it provides special entertainment invites, a year extended warranty, free purchase protection plan and 1.99% balance transfer for 6 months after the first balance transfer ta account opening.

Tangerine World Master-card

Out of other credit cards available, this is definitely one of the best no-fee credit cards in Canada as it has 2 % unlimited cash back on three categories as Tangerine Money back Card, and $250 cash bonus on a payment of $5000 spending in the first three months and an extra 0.50 % cash back for all other transactions. It also covered Car Rental Collision and Loss Damage Insurance for 21 consecutive days as well as Mobile service Insurance coverage with $1000. It provides you access to exclusive dining, retail and spa offers for more than 1000 lounges around 400 airports worldwide.

Triangle World Elite Master-card

This card comes with special benefits and excellent rewards if you shop at Canadian Tire or sports check or pay for Roadside Assistance. Except that it has a 3% payback on groceries payments, 4% payback on Roadside assistance, 7cents cashback per liter when you refuel your vehicle from Gas+ locations. It also has extended warranty, purchase protection, car rental or loss damage waiver insurance, no-fee financing on certain purchases of $200.

MBNA Rewards Platinum Plus Master Card

Similar as the previous it has many benefits like 2MBNA points for every $1 spent on groceries, gas, and restaurants, 1 MBNA point for every other $1 eligible purchases, 5000 introductory bonus points in the first three months, 1 year extended warranty, car rental insurance coverage, three months purchase protection and $1 million travel insurance.

BMO Cashback Master-card

BMO offers are competitive in nature as it includes a welcome bonus of 5% cashback for every purchase for three months, 1% unlimited cashback for all other purchases, a 1.99% balance transfer rate for 9months, 25% off on car rentals as well as purchase protection and extended warranty.

Home Trust Preferred Visa Card

Not only does this card have 0% annual fees but also 0% foreign currency transfer fees, 1% cashback on all purchases which are limitless, free roadside assistance, Visa Auto rental collision/loss damage insurance and purchase protection.

Blue Sky Credit Card

This card comes with a welcome bonus of an amazing rate of 5% cashback for each and every purchase for first three months, 1% unlimited cash back continuously lifetime for every purchase, 1.99% transfer rates for first 9months, purchase protection, extended warranty, and 25% off at all participating car rentals.

One can also combine the cards to reap the maximum benefit with there no-fee credit cards in Canada, as you don’t have to keep paying an annual fee on a regular basis. Depending on your requirements one can select one of the cards or more, after going through all the detailed terms and conditions along with the bonus and benefits available here for no-fee credit cards available.

These options are ideal to help you make a certain great choice to get a credit card with no fee in Canada. Study and get to know the features of each and every card in the list and make your selection accordingly.