1.Simplii Cash Back Visa
Simplii Financial
- 4%Cash back on restaurants (up to CA$5,000 annually)
- 1.5%Cash back on gas, groceries, and drugstores (up to CA$15,000 annually)
- 0.5%Cash back on all other purchases
Earn 8% cash back on restaurants, bars, and coffee shops for the first 3 months on up to CA$1,000 in spending, plus a CA$50 PRESTO voucher.
Earn 4% cash back on restaurants (up to CA$5,000 annually), 1.5% on gas, groceries, and drugstores (up to CA$15,000 annually), and 0.5% on all other purchases.
20.99%
22.99%
The Simplii Cash Back Visa stands out as the top choice because it offers a generous 4% cash back on dining and restaurants, making it ideal for food lovers. With no annual fee and a solid welcome bonus, it provides excellent value for everyday spending.
Pros:
- No annual fee
- High rewards on dining and groceries
Cons:
- Limited to specific categories for higher rewards
- Cash back resets annually
- 3%Cash back on groceries
- 1%Cash back on recurring bill payments
Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months.
Earn 3% cash back on groceries and 1% back on recurring bill payments.
21.99%
23.99%
What sets the BMO CashBack Mastercard apart is its straightforward cash back structure, offering 3% on groceries, which is particularly appealing for families. The no annual fee and welcome bonus make it a compelling choice for everyday spending.
Pros:
- No annual fee
- High cash back on groceries
Cons:
- Lower rewards on other categories
- Limited time offers may vary
- 4Points per $1 on eligible purchases for the first 90 days
- 2Points per $1 thereafter
Earn up to 10,000 bonus points (worth approximately CA$100 in travel or CA$50 in cash back).
Earn 4 points per $1 on eligible restaurant, grocery, digital media, membership, and household utility purchases for the first 90 days, then 2 points per $1 thereafter.
21.99%
22.99%
The MBNA Rewards Platinum Plus Mastercard shines for its high earning potential, offering 4 points per dollar on various categories for the first 90 days. This card is perfect for those who want to maximize their rewards on everyday purchases without an annual fee.
Pros:
- No annual fee
- Flexible rewards program
Cons:
- Points expire after a certain period
- Higher rewards limited to initial spending period
4.Tangerine Money-Back Credit Card
Tangerine
- 2%Cash back in chosen categories
- 0.5%Cash back on all other purchases
Earn 10% cash back on up to CA$1,000 in everyday purchases within the first 2 months.
Earn 2% cash back in up to three customizable categories and 0.5% on all other purchases.
20.95%
22.95%
The Tangerine Money-Back Credit Card is a standout for its flexibility, allowing cardholders to choose their 2% cash back categories every 90 days. This adaptability makes it a great option for those who want to maximize their rewards based on changing spending habits.
Pros:
- Customizable cash back categories
- No annual fee
Cons:
- Lower cash back on non-category purchases
- Categories must be managed every 90 days
5.SimplyCash from American Express
American Express
- 2%Cash back on gas and groceries (up to CA$300/year)
- 1.25%Cash back on all other purchases
Earn 5% cash back on all purchases for the first 3 months, up to CA$2,000.
Earn 2% cash back on gas and groceries (up to CA$300/year), and 1.25% on all other purchases.
21.99%
21.99%
The SimplyCash from American Express is an excellent choice for those who want a straightforward cash back card with no annual fee. Its 5% welcome bonus and 2% on groceries make it particularly appealing for new cardholders looking to maximize their rewards.
Pros:
- No annual fee
- Simple cash back structure
Cons:
- Lower rewards on non-grocery purchases
- Limited cash back on gas and groceries
- 3%Cash back on U.S. dollar purchases
- 2%Cash back on all other purchases
Get CA$40 cash back for spending CA$6,000 within 105 days and making one mobile wallet purchase within 90 days.
Earn 3% cash back on U.S. dollar purchases and 2% on all other purchases for Rogers/Fido/Shaw customers.
20.99%-25.99%
22.99%-27.99%
The Rogers Red World Elite Mastercard is a top-tier card that excels in cash back rewards, especially for those who frequently spend in U.S. dollars. Its no-fee structure and high earning potential make it a great choice for Rogers customers.
Pros:
- No annual fee
- High cash back on U.S. dollar purchases
Cons:
- High income requirement
- Limited to Rogers customers for best rewards
7.CIBC Adapta Mastercard
CIBC
- 1.5Adapta points per $1 in top 3 categories
- 1Adapta points per $1 on all other purchases
Earn up to 12,000 Adapta Points (worth up to CA$100) in your first year.
Earn 1.5 Adapta points per $1 spent in your top 3 categories and 1 point per $1 elsewhere.
21.99%
22.99%
The CIBC Adapta Mastercard is unique in its ability to adapt to your spending habits, automatically rewarding you in your top categories. This flexibility, combined with no annual fee, makes it an excellent choice for those who want a hassle-free rewards experience.
Pros:
- No annual fee
- Automatically adapts to spending habits
Cons:
- Points may expire
- Limited to top 3 categories for higher rewards
Final Words
As you explore the best no annual fee credit cards this February 2026 in Canada, remember that selecting the right card can significantly enhance your financial flexibility and rewards. Take time to compare your options carefully to ensure you make informed decisions that align with your spending habits and financial goals.
Frequently Asked Questions
Earn 8% cash back on restaurants, bars, and coffee shops for the first 3 months on up to CA$1,000 in spending, plus a CA$50 PRESTO voucher.
Earn 3% cash back on groceries and 1% back on recurring bill payments. This card offers a solid rewards structure without an annual fee.
Earn up to 10,000 bonus points (worth approximately CA$100 in travel or CA$50 in cash back). You can earn 4 points per $1 on eligible restaurant, grocery, digital media, membership, and household utility purchases for the first 90 days, then 2 points per $1 thereafter.
Yes, many credit cards in Canada offer no annual fees along with excellent rewards. Cards like the Simplii Cash Back Visa and BMO CashBack Mastercard provide attractive cash back options with no annual fees.
When selecting a no annual fee credit card, consider your spending habits and reward preferences. Look for cards that offer high rewards on categories you spend the most in, such as groceries or dining.
Yes, many no annual fee credit cards come with enticing welcome bonuses that can enhance your rewards. For example, the BMO CashBack Mastercard offers up to 5% cash back in your first 3 months.
While no annual fee cards often provide cash back on various purchases, the percentage may vary by category. For instance, the Simplii Cash Back Visa offers 4% on restaurants and 1.5% on gas, groceries, and drugstores.
