1.Scotiabank Passport Visa Infinite
Scotiabank
- 3%Scene+ points at Sobeys, Safeway, FreshCo and more
- 2%Scene+ points on groceries, restaurants, entertainment
Earn up to 60,000 bonus Scene+ points in the first year, divided across spending milestones.
Earn 3 Scene+ points per $1 spent at Sobeys, Safeway, FreshCo and more; 2 Scene+ points per $1 spent on groceries, restaurants, entertainment.
20.99%
22.99%
The Scotiabank Passport Visa Infinite stands out as the top choice because it offers a robust rewards structure with no foreign transaction fees, making it ideal for frequent travelers. With the potential to earn 60,000 bonus Scene+ points, it provides significant value for those who spend on groceries and travel.
Pros:
- No foreign transaction fees
- High rewards on travel and groceries
Cons:
- Annual fee applies
- Spending milestones for welcome bonus
2.Scotiabank Gold American Express
Scotiabank
- 5%Scene+ points on groceries, restaurants, and entertainment
Earn up to 50,000 Scene+ points, valued at roughly $500.
Earn 5 Scene+ points on every $1 spent in groceries, restaurants, and entertainment.
21.99%
22.99%
What sets the Scotiabank Gold American Express apart is its high earning potential of 5 Scene+ points on dining and groceries, making it a favorite among foodies and frequent diners. The card also waives foreign transaction fees, enhancing its appeal for travelers.
Pros:
- High rewards on dining and groceries
- No foreign transaction fees
Cons:
- Annual fee applies
- Limited to specific categories for rewards
3.Wealthsimple Visa Infinite
Wealthsimple
- 2%Cash back on all purchases
Promotional 5% cash back welcome offer available through targeted invitations.
Unlimited 2% cash back on all purchases.
20.99%
22.99%
The Wealthsimple Visa Infinite shines for its straightforward 2% cash back on all purchases, making it an excellent choice for those who prefer simplicity without category restrictions. Its lack of foreign transaction fees further enhances its value for international travelers.
Pros:
- Unlimited 2% cash back
- No foreign transaction fees
Cons:
- Annual fee applies
- Requires high income for eligibility
4.Wealthsimple Visa Infinite Privilege
Wealthsimple
- 2%Cash back on all purchases
Limited-time 5% cash back promotional offer.
Unlimited 2% cash back on all purchases.
20.99%
22.99%
The Wealthsimple Visa Infinite Privilege card stands out as the only Visa Infinite Privilege card in Canada focused on cash back rather than points, offering unlimited 2% cash back on all purchases. This unique positioning, combined with no foreign transaction fees, makes it a compelling choice for savvy spenders.
Pros:
- Unlimited 2% cash back
- No foreign transaction fees
Cons:
- Annual fee applies
- Requires high income for eligibility
Did you know?
A no-fee credit card can beat a premium card if you do not use the extras. Match the card to your spend before chasing a bonus.
Final Words
As you explore credit cards with no foreign transaction fees this August, remember that the right card can enhance your travel experience and save you money. Take time to compare your options carefully to ensure you make an informed decision that aligns with your financial goals and travel habits.
Frequently Asked Questions
Earn up to 60,000 bonus Scene+ points in the first year, divided across spending milestones.
Earn 5 Scene+ points on every $1 spent in groceries, restaurants, and entertainment.
The Wealthsimple Visa Infinite card provides a promotional 5% cash back welcome offer available through targeted invitations and unlimited 2% cash back on all purchases.
While some credit cards with no foreign transaction fees may have annual fees, others may not. It's essential to evaluate the overall value of rewards and benefits against any fees to find the best fit for your spending habits.
Consider cards that offer no foreign transaction fees, competitive rewards rates, and additional travel benefits like insurance and lounge access. Assess your typical spending categories to maximize the rewards you earn while traveling.
When applying, ensure you meet the eligibility requirements, such as minimum income or credit score. Additionally, compare different cards to find one that aligns with your spending patterns and offers the best rewards.
Yes, with a no foreign transaction fee card, you can earn rewards on purchases made abroad just like you would domestically. This makes it a great option for travelers looking to maximize their rewards while avoiding extra costs.
