Best No Annual Fee Credit cards

BMO

BMO^® CashBack^® Mastercard^®*

The BMO® CashBack® Mastercard®* is a cash back credit card with no annual fee. With the BMO® CashBack® Mastercard®*, you can earn 5% cash back for the first 3 months. It’s a maximum welcome bonus of $100.

Then you get:

• 3% cash back on grocery purchases, including at Walmart Supercenters
• 1% cash back on recurring bill payments

Finally, you can also get a 0.99% introductory rate on balance transfers for nine months.

CIBC

CIBC Dividend^® Visa* Card

The CIBC Dividend® Visa* Card is one of the best no-fee cash back Visa credit cards in Canada. For a limited time, earn 5% cash back (up to $100 cash back)†.

With this Card, you earn:

• 2% cash back on eligible grocery purchases
• 1% cash back on eligible gas, transportation, dining purchases and recurring payments†
• 0.5% cash back on all other purchases†

And this card has valuable insurance:

• $100,000 Common Carrier Accident Insurance
• Purchase Security and Extended Protection Insurance

HSBC

HSBC Cash Rewards Mastercard^®

With the HSBC Cash Rewards Mastercard®, you can earn $125 cash back as a welcome bonus with no minimum spending (for Quebec).

With this no annual fee credit card, you get:

• 1.5% cash back per dollar on online purchases
• 1% cash back per dollar on gas, grocery and drugstore purchases
• 0.5% cash back per dollar on all other everyday purchases

Plus, you get Mobile Device Insurance, Purchase Insurance and Extended Warranty Insurance.

MBNA

MBNA Rewards Platinum Plus^® Mastercard^®

The MBNA Smart Cash Platinum Plus® Mastercard® is one of the best cash back credit cards with no annual fee in Canada.

With this card, you can get 2% on:

• gas purchases
• grocery purchases

Until the total gas and grocery purchases in the applicable month reaches $500. And 0.5% everywhere else.

For a limited time, you can earn 5% cash back for the first six months, a $150 value. This is the best no-fee MBNA credit card with cash back.

Tangerine

Tangerine Money-Back Credit Card

The Tangerine Money-Back Credit Card has no annual fee and offers cash back.

Through January 31, 2023, you can earn an additional 15% back (up to $150) when you spend up to $1,000 on everyday purchases during the first 2 months.

You can choose two to three categories that interest you (groceries, gas, furniture, home improvement, recurring bills, pharmacy, etc.) to earn 2% cash back ! And there is no annual cash back limit. It is one of the best credit cards for renovations.

In addition, the Tangerine Mastercard offers several insurance coverages for your purchases :

• 90 days purchase insurance
• One year extended warranty

Finally, during your first 30 days, transfer balances and pay only 1.95% interest on the transferred balance for the first 6 months.