icon

Compare No Fee Credit Cards

Find the best credit cards with no annual fee.

Select your priority

Select your rewards preference

Select your annual fees

Today's top no fee credit card offers Jan 15, 2021

MBNA Rewards Platinum Plus® Mastercard®

card image
Welcome bonus
$160
MBNA Rewards points
Annual rewards
$350
MBNA Rewards points
Annual fee
$0

Winner – Best No Fee Card
Flexible rewards redeemable for travel or cashback
Details at a glance Collapse details
Welcome bonus
$160
Annual rewards
$350
Winner – Best No Fee Card
Flexible rewards redeemable for travel or cashback
Details at a glance Collapse details

No fee credit cards on RATESDOTCA

With the sheer volume of choices available to credit card users, trying to settle on one specific card is a tough decision. You'll be tempted to get a card with rewards, air miles, cash back or various other perks offered by credit card companies.

As you start comparing credit cards, you'll notice that many of the rewards credit cards come with annual fees, and some of these may cost you over $100 yearly. If one intends to use a credit card often, the rewards collected will often justify the fee. What if you want to use the credit card occasionally or carry it just for emergencies?

In such cases, a no annual fee credit card will make sense. As you continue to shop for the best credit card for your needs, you'll likely notice no annual fee credit cards sometimes do offer some incentives and also have competitive interest rates. It is possible to get a credit card that combines some good features such as cash back rewards without paying an annual fee.

However, be aware that some no annual fee credit cards may just waive the fee for a limited amount of time. For example, there are credit card companies that will offer you a no annual fee for a year and charge you fees after that time is up. You may also find your fee is waived annually due to a special promotion or discount offer.

It is also important to check for a suitable rate of interest. You don't necessarily want to save on the annual fee only to be charged a higher interest rate. You'll have to decide if the interest rate combined with the savings on the annual fee makes financial sense for your spending habits.

By carefully examining the terms and conditions of these no annual fee cards, and comparing them to alternatives, credit card shoppers will be able to make the right choice.

Best No-Fee Credit Card in Canada for 2020

As part of our Best of Finance campaign, our team analyzed over 150 credit cards across 13 categories for the best value, to help take the guesswork out of shopping for a new card.

Our pick for Best No-Fee Credit Card in Canada for 2020 goes to the

MBNA Rewards Platinum Plus® Mastercard®.

+ Expand
Latest credit card articles
Are Your Subscription and Streaming Services Blowing the Budget?
There are subscriptions for streaming services, video calls, activity classes, food delivery, clothing, beauty, and an endless list of other possibilities. Learn how much it costs you and how you can save.
10 Ways to Improve Your Finances in 2021
Save more money, improve your finances and kickstart your goals in 2021. Learn how to set your financial objectives for the year and the best place to start.
Best Credit Card Welcome Offers for January 2021
It’s a new year! Make sure you are using the best credit card for your lifestyle. Start by checking out the top welcome offers for this month.