×
COVID-19 Update: We’re Here for You. These are uncertain times but one thing that is certain is our commitment to you. As an online business, we’re set up to help you remotely so you can still take care of your insurance, mortgage and money decisions.

Compare No Fee Credit Cards

Find the best credit cards with no annual fee.

No Fee Credit Cards on Rates.ca

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.

Latest Articles

How to Protect Your Home from Spring Flooding

The cost and intensity of natural disasters in Canada such as flooding are on the rise. Does your home insurance ... Read more

Refinancing a Mortgage During COVID-19

With job losses imminent and anxiety over the mortgage process grinding to a halt, thousands of Canadians are rushing to ... Read more

IIHS Warns Driving Automation Systems May Lead to Driver Complacency

Research from the Insurance Institute of Highway Safety suggests motorists who rely on driver-assisted technologies may be lulled into a ... Read more

Miss a Payment on Home or Auto Insurance? Here’s What to Do

If you find yourself in an uncomfortable financial position because of COVID-19 and can’t pay your monthly insurance bill, here ... Read more