1.Scotiabank Gold American Express Card
Scotiabank
- 5xScene+ points on groceries & dining
- 3xScene+ points on gas & transit
- 1xScene+ points on all other purchases
Earn up to $950 in welcome offers, first year rewards and savings value, including up to 50,000 bonus Scene+ points.
Earn 5x Scene+ points on groceries & dining, 3x on gas & transit, 1x elsewhere.
21.99%
22.99%
The Scotiabank Gold American Express Card stands out as the top choice because it offers exceptional rewards on everyday spending categories like groceries and dining, making it ideal for those who frequently shop in these areas.
Pros:
- High rewards on groceries and dining
- No foreign transaction fees
Cons:
- Annual fee of CA$120
- Limited to certain categories for high rewards
2.Scotiabank Passport Visa Infinite Card
Scotiabank
- 2xScene+ points on groceries, dining, entertainment
Earn up to $1,250 in first year welcome offers, rewards and savings, including up to 35,000 bonus Scene+ points.
Earn 2x Scene+ points on groceries, dining, entertainment, and daily purchases.
20.99%
22.99%
What sets the Scotiabank Passport Visa Infinite Card apart is its robust travel rewards structure, making it an excellent choice for frequent travelers who want to earn points on everyday purchases.
Pros:
- No foreign transaction fees
- Strong travel rewards
Cons:
- Annual fee of CA$150
- Higher interest rates
3.Home Trust Preferred Visa Card
Home Trust
- 1%Cash back on all eligible purchases
The Home Trust Preferred Visa Card does not offer a welcome bonus.
Earn 1% cash back on eligible domestic Canadian dollar purchases.
21.99%
21.99%
The standout feature of the Home Trust Preferred Visa Card is its no-fee structure combined with unlimited cash back on all purchases, making it a practical choice for everyday spending.
Pros:
- No annual fee
- Unlimited cash back
Cons:
- Limited to CAD purchases
- No premium perks
4.Scotiabank Platinum American Express Card
Scotiabank
- 3Scene+ points on hotel and car rental bookings
- 2Scene+ points on all other eligible purchases
The Scotiabank Platinum American Express Card offers a welcome bonus of up to 100,000 bonus Scene+ points (valued at up to $1,000).
Earn 3 Scene+ points per $1 CAD on hotel and car rental bookings made through Scene+ Travel, and 2 Scene+ points per $1 CAD on all other eligible purchases.
9.99%
9.99%
This card shines for its exceptional rewards on travel-related purchases, making it a top-tier option for frequent travelers who want to maximize their benefits.
Pros:
- High rewards on travel bookings
- Comprehensive travel insurance
Cons:
- High annual fee
- Limited to premium users
- 3%Cash back on purchases in USD
- 1.5%Cash back on all other purchases
The Rogers Red World Elite Mastercard currently features no public standard welcome bonus listed on the official website.
Earn 3% cash back on purchases in USD and 1.5% on everything else.
21.99%
22.99%
A key differentiator is the Rogers Red World Elite Mastercard's impressive cash back rate on USD purchases, making it a valuable card for those who frequently spend in US dollars.
Pros:
- No annual fee
- Strong cash back on USD purchases
Cons:
- High interest rates
- Limited rewards on CAD purchases
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 consider your options for credit cards with no foreign transaction fees, remember that the right choice can save you money and enhance your travel experience. Take time to compare the features, rewards, and fees of each card to make an informed decision that aligns with your needs.
Frequently Asked Questions
The Scotiabank Gold American Express Card offers a welcome bonus of up to $950 in welcome offers, first year rewards and savings value, including up to 50,000 bonus Scene+ points. Additionally, you earn 5x Scene+ points on groceries & dining, 3x on gas & transit, and 1x on all other purchases.
With the Scotiabank Passport Visa Infinite Card, you can earn a welcome bonus of up to $1,250 in first year welcome offers, rewards and savings, including up to 35,000 bonus Scene+ points. This card provides 2x Scene+ points on groceries, dining, entertainment, and daily purchases, making it ideal for frequent spenders in these categories.
The Home Trust Preferred Visa Card does not offer a welcome bonus. However, it provides 1% cash back on all eligible domestic Canadian dollar purchases, making it a straightforward choice for those looking for a no-fee card with cash back benefits.
When selecting a credit card with no foreign transaction fees, consider factors such as annual fees, rewards rates, and how the card aligns with your spending habits. Look for cards that offer rewards in categories you frequently spend in, such as travel, dining, or groceries.
Eligibility requirements for no foreign transaction fee credit cards typically include a good credit score, proof of income, and residency status in Canada. Each lender may have specific criteria, so it's important to review the requirements before applying.
To maximize rewards on your credit card, use it for everyday purchases in categories that earn the highest points or cash back. Additionally, take advantage of any welcome bonuses by meeting the required spending threshold within the specified time frame.
Common fees associated with credit cards include annual fees, late payment fees, and cash advance fees. It's essential to read the terms and conditions to understand any potential charges and choose a card that offers value for your spending habits.
