What is the best no annual fee credit cards in Canada?

Based on our value ranking, the PC World Elite Mastercard from PC Financial currently leads this category, with a No fee annual fee and 21.99% purchase APR. Rankings update daily.

How are these cards ranked?

We rank by estimated real value for the category, computed from the welcome offer, earn rates, annual fee, and benefits. Every figure is pulled from the official issuer page, never an affiliate feed.

How current is this information?

Fees, rates, and offers are checked regularly against the official issuer pages. This page was last updated 2026-06-14. Always confirm details on the issuer's site before applying.

Ranked by value

Best No Annual Fee Credit Cards in Canada

Cards with no annual fee, ranked by earn rate and welcome value. 42 cards, ranked. Every figure cites the official issuer page. Updated 2026-06-14.

PC FinancialWorld Elite

PC World Elite Mastercard

No annual fee rewards

Welcome bonus

No current offer

Enjoy 50,000 bonus PC Optimum™ points

Fee: No fee
APR: 21.99%

Simplii Financial

Simplii Cash Back Visa

No annual fee rewards

Welcome bonus

No current offer

Earn up to 20% cash back

Fee: No fee
APR: 21.99%

PC FinancialWorld

PC World Mastercard

No annual fee rewards

Welcome bonus

No current offer

Earn 50,000 bonus PC Optimum™ Points

Fee: No fee
APR: 21.99%

BMO

BMO CashBack Mastercard

Cash back on everyday spending

Welcome bonus

No current offer

Get up to 5% cash back in your first 3 months

Fee: No fee
APR: 21.99%

CIBCWorld Mastercard

CIBC Costco Mastercard (Costco World Mastercard)

Cash back on everyday spending

Welcome bonus

No current offer

Fee: No fee
APR: 21.75%

Rogers BankWorld Elite Mastercard

Rogers Red World Elite Mastercard

Cash back on everyday spending

Welcome bonus

No current offer

Fee: No fee
APR: 20.99%

PC Financial

PC Mastercard

No annual fee rewards

Welcome bonus

No current offer

Earn 50,000 bonus PC Optimum™ points

Fee: No fee
APR: 21.99%

Neo FinancialWorld

Neo World Mastercard

Cash back on everyday spending

Welcome bonus

No current offer

Fee: No fee
APR: 19.99%

RBC Royal Bank

RBC Business Cash Back Mastercard

For business spending

Welcome bonus

No current offer

2% cash back on purchases in the first three months

Fee: No fee
APR: 19.99%

RBC Royal BankStandard

RBC Cash Back Mastercard

Cash back on everyday spending

Welcome bonus

No current offer

Get up to 7% cash back for the first 3 months on up to $1,000 in total purchases

Fee: No fee
APR: 20.99%

Rogers Bank

Rogers Red Mastercard

Cash back on everyday spending

Welcome bonus

No current offer

Fee: No fee
APR: 20.99%

Rogers BankWorld Mastercard

Rogers Red World Mastercard

Cash back on everyday spending

Welcome bonus

No current offer

Fee: No fee
APR: 20.99%

American Express

SimplyCash® Card from American Express

Cash back on everyday spending

Welcome bonus

No current offer

Earn up to $100 in bonus cash back

Fee: No fee
APR: 21.99%

TangerineStandard

Tangerine Money-Back Credit Card

Cash back on everyday spending

Welcome bonus

No current offer

Earn 10% cash back for 2 months (Up to $100)

Fee: No fee
APR: 20.95%

TangerineWorld

Tangerine Money-Back World Mastercard

Cash back on everyday spending

Welcome bonus

No current offer

Get $100 with a Money-Back World Mastercard

Fee: No fee
APR: 20.95%

TD Canada Trust

TD Business Cash Back Visa Card

For business spending

Welcome bonus

No current offer

Fee: No fee
APR: 19.99%

Neo Financial

Neo Mastercard

Cash back on everyday spending

Welcome bonus

No current offer

Fee: No fee
APR: 19.99%

Scotiabank

Scotia Momentum Mastercard

Cash back on everyday spending

Welcome bonus

No current offer

Fee: No fee
APR: 20.99%

Scotiabank

Scotia Momentum No-Fee Visa Card

Cash back on everyday spending

Welcome bonus

No current offer

5% cash back on up to $2,000 in eligible purchases for first 3 months + 0% intro balance transfer rate

Fee: No fee
APR: 20.99%

TD Canada TrustClassic

TD Cash Back Visa* Card

Cash back on everyday spending

Welcome bonus

No current offer

Earn up to $100 in Cash Back Dollars

Fee: No fee
APR: 21.99%

RBC Royal BankInfinite

More Rewards RBC Visa Infinite

No annual fee rewards

Welcome bonus

~$200

Welcome More Rewards points 20,000

Fee: No fee
APR: 20.99%

RBC Royal BankStandard

More Rewards RBC Visa

No annual fee rewards

Welcome bonus

~$200

Welcome More Rewards points 20,000

Fee: No fee
APR: 20.99%

RBC Royal BankStandard

RBC ION Visa

Travel points & miles

Welcome bonus

~$140

Get 7,000 Avion points upon approval - that's $50 of value in gift cards

Fee: No fee
APR: 20.99%

Scotiabank

Scotiabank American Express Card

No annual fee rewards

Welcome bonus

~$25

Earn 2,500 bonus Scene+ points

Fee: No fee
APR: 21.99%

American Express

American Express® Green Card

No annual fee rewards

Welcome bonus

~$200

Earn 10,000 Membership Rewards points

Fee: No fee
APR: 21.99%

Scotiabank

Scotiabank Scene+ Visa Card

No annual fee rewards

Welcome bonus

~$25

Earn 7,500 bonus Scene+ points (welcome offer includes 2,500 first-spend + 5,000 ongoing)

Fee: No fee
APR: 21.99%

TD Canada TrustClassic

TD Rewards Visa* Card

No annual fee rewards

Welcome bonus

~$152

Welcome Bonus of 30,310 TD Rewards Points plus $100 value in TD Rewards Points for Amazon.ca, no annual fee

Fee: No fee
APR: 21.99%

RBC Royal BankStandard

moi RBC Visa

No annual fee rewards

Welcome bonus

~$40

Get up to 5,000 bonus Moi points (a value of $40) by January 20, 2027

Fee: No fee
APR: 20.99%

American Express

American Express EssentialTM Credit Card

Low interest for carrying a balance

Welcome bonus

No current offer

Fee: No fee
APR: 12.99%

BMO

BMO Ascend Business Mastercard

For business spending

Welcome bonus

25k pts

Earn 25,000 BMO Rewards points when you spend $3,000 in the first 110 days

Fee: No fee
APR: 18.99%

BMO

BMO Blue Rewards Business Mastercard

For business spending

Welcome bonus

30k pts

Earn 30,000 Blue Points when you spend $3,000 in the first 110 days

Fee: No fee
APR: 20.99%

BMO

BMO CashBack Business Mastercard

For business spending

Welcome bonus

No current offer

Get 10% cash back on gas, office supplies, and recurring cell phone/internet bill payments for 3 months

Fee: No fee
APR: 20.99%

BMO

BMO eclipse rise Visa

No annual fee rewards

Welcome bonus

No current offer

25,000 bonus points for you

Fee: No fee
APR: 21.99%

CIBC

CIBC Adapta Mastercard

No annual fee rewards

Welcome bonus

6.0k pts

Get up to 6,000 Adapta points during your first year (up to $50 in value)

Fee: No fee
APR: —

CIBC

CIBC Aventura Visa Card

No annual fee rewards

Welcome bonus

13k pts

Earn up to 12,500 Aventura Points (up to $125 in travel value) for no annual fee

Fee: No fee
APR: —

CIBC

CIBC bizline Visa Card for Business

For business spending

Welcome bonus

No current offer

Fee: No fee
APR: —

CIBC

CIBC Classic Visa Card

No annual fee rewards

Welcome bonus

No current offer

Fee: No fee
APR: 21.99%

RBC Royal BankStandard

RBC RateAdvantage Visa

No annual fee rewards

Welcome bonus

No current offer

Fee: No fee
APR: —

RBC Royal Bank

RBC Visa CreditLine for Small Business

For business spending

Welcome bonus

No current offer

Fee: No fee
APR: —

RBC Royal BankPlatinum

RBC Visa Platinum (No Annual Fee)

No annual fee rewards

Welcome bonus

No current offer

Offer available

Fee: No fee
APR: 20.99%

TD Canada Trust

TD Business Select Rate Visa Card

For business spending

Welcome bonus

No current offer

Fee: No fee
APR: 11.99%

TD Canada TrustClassic

TD Green Visa* Card

No annual fee rewards

Welcome bonus

No current offer

Fee: No fee
APR: 21.99%

Frequently asked

What is the best no annual fee credit cards in Canada?: Based on our value ranking, the PC World Elite Mastercard from PC Financial currently leads this category, with a No fee annual fee and 21.99% purchase APR. Rankings update daily.
How are these cards ranked?: We rank by estimated real value for the category, computed from the welcome offer, earn rates, annual fee, and benefits. Every figure is pulled from the official issuer page, never an affiliate feed.
How current is this information?: Fees, rates, and offers are checked regularly against the official issuer pages. This page was last updated 2026-06-14. Always confirm details on the issuer's site before applying.

More categories

Cash Back Credit Cards Travel Rewards Credit Cards Low Interest Credit Cards No Foreign Transaction Fee Cards Premium Credit Cards Credit Cards for Groceries Business Credit Cards U.S. Dollar Credit Cards