1.Scotiabank Passport Visa Infinite Card
Scotiabank
- 3%Scene+ points on groceries, dining, entertainment, and transit
- 1%Scene+ points on general purchases
Get up to $1,500 in value in the first year, including a 60,000 bonus Scene+ point offer with minimum spend and no annual fee on your first year.
Earn 3x Scene+ points on groceries, dining, entertainment, and transit, and 1x on general purchases.
20.99%
22.99%
The Scotiabank Passport Visa Infinite Card stands out as the top choice because it offers exceptional travel benefits, including no foreign transaction fees and complimentary airport lounge access. With a robust rewards structure that earns 3x points on essential spending categories, it provides significant value for frequent travelers.
Pros:
- No foreign transaction fees
- Complimentary airport lounge access
Cons:
- Annual fee may apply
- Higher income requirement
2.Scotiabank Gold American Express Card
Scotiabank
- 6%Scene+ points at select grocers
- 5%Scene+ points on dining and entertainment
- 3%Scene+ points on gas, transit, and streaming
Earn up to $450 in travel rewards (45,000 bonus Scene+ points) for new clients who spend $2,000 within the first 3 months.
Earn 6x Scene+ points at select grocers, 5x on dining and entertainment, and 3x on gas, transit, and streaming.
20.99%
22.99%
What sets the Scotiabank Gold American Express Card apart is its impressive rewards structure, offering 6x points at select grocery stores and 5x on dining. This card is particularly appealing for those who frequently spend in these categories, making it a strong contender for maximizing rewards.
Pros:
- High rewards on groceries and dining
- No foreign transaction fees
Cons:
- Annual fee applies
- Limited acceptance compared to Visa
3.Home Trust Preferred Visa
Home Trust
- 1%Cash back on all eligible purchases
N/A
Earn 1% cash back on all eligible purchases.
21.99%
21.99%
The standout feature here is the Home Trust Preferred Visa's lack of an annual fee combined with its straightforward 1% cash back on all purchases. This card is ideal for those seeking a simple rewards card without the complexities of tiered rewards.
Pros:
- No annual fee
- No foreign transaction fees
Cons:
- Low cash back rate
- Limited rewards structure
4.Scotiabank Platinum American Express Card
Scotiabank
- 2%Scene+ points on all purchases
Earn up to 80,000 bonus Scene+ points for new applicants, valued at up to $800 toward travel.
Earn 2x Scene+ points on all purchases.
9.99%
9.99%
This card shines for its low interest rate of 9.99% on purchases and cash advances, making it a great option for those who may carry a balance. Additionally, the generous welcome bonus of up to 80,000 points provides significant value for new cardholders.
Pros:
- Low interest rates
- High welcome bonus
Cons:
- High annual fee
- Limited to American Express acceptance
5.KOHO Extra
KOHO
- 1.5%Cash back on groceries, dining, and transportation
- 0.25%Cash back on all other purchases
New users can receive a $20 cash bonus upon making their first purchase within 30 days of registration.
Earn 1.5% cash back on groceries, dining, and transportation, plus 0.25% on all other purchases.
A key differentiator is the KOHO Extra's ability to offer 1.5% cash back on essential spending categories like groceries and dining, making it a valuable tool for everyday purchases. Coupled with a competitive interest rate on balances, it provides a unique blend of rewards and financial management.
Pros:
- No foreign transaction fees
- High interest on balance
Cons:
- Monthly fee applies
- Limited cash back categories
6.Wealthsimple Prepaid Mastercard
Wealthsimple
- No rewards breakdown available
New clients can receive a $25 cash bonus upon signing up and funding a new account with at least $1 within 30 days.
No cash back rewards after October 1, 2025.
The Wealthsimple Prepaid Mastercard is designed for budgeting, allowing users to spend only what they load onto the card. While it no longer offers cash back rewards, its no-fee structure and ease of use make it a practical choice for those looking to manage their spending effectively.
Pros:
- No annual fees
- No foreign transaction fees
Cons:
- No cash back rewards post-October 2025
- Limited features compared to credit cards
Final Words
As you explore the best credit cards with no foreign transaction fees this February 2026 in Canada, remember that choosing the right card can significantly enhance your travel experience and save you money. Take time to compare your options, weigh the benefits, and make informed decisions that align with your spending habits and travel goals.
Frequently Asked Questions
The Scotiabank Passport Visa Infinite Card offers a welcome bonus of up to $1,500 in value in the first year, including a 60,000 bonus Scene+ point offer with minimum spend and no annual fee on your first year. You can earn 3x Scene+ points on groceries, dining, entertainment, and transit, and 1x on general purchases.
The Scotiabank Gold American Express Card provides a welcome bonus of up to $450 in travel rewards (45,000 bonus Scene+ points) for new clients who spend $2,000 within the first 3 months. You can earn 6x Scene+ points at select grocers, 5x on dining and entertainment, and 3x on gas, transit, and streaming.
The Home Trust Preferred Visa offers a straightforward reward system with no welcome bonus. You earn 1% cash back on all eligible purchases, making it a simple option for those looking to earn rewards without an annual fee.
A foreign transaction fee is a charge imposed by credit card issuers for purchases made in a foreign currency or processed outside your country. Avoiding these fees can save you money while traveling or shopping internationally, making no foreign transaction fee cards a popular choice for frequent travelers.
When choosing a credit card with no foreign transaction fees, consider factors like annual fees, rewards rates, and welcome bonuses. Compare the benefits of different cards based on your spending habits, especially in categories like travel, dining, and groceries.
Yes, most credit cards with no foreign transaction fees have specific eligibility requirements, including minimum income levels and credit scores. It's essential to check these criteria before applying to ensure you qualify for the card.
When applying for a credit card, be prepared to provide personal information, including your income and employment details. Additionally, it's wise to check your credit score beforehand, as this can influence your approval chances and the terms of your card.
