All eligible purchases
2 Scene+ pts/$1
TRAVEL SAVINGS
Updated Jul 2026
No FX Fees
Stop paying the extra 2.5% on foreign currency purchases. Essential for travelers.
CREDIT CARD
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Compare The Best No-FX Cards
Comparing results based on your preferences.
Auto-updates
Annual Fee
$399
Purchase
9.99%
Cash Adv.
9.99%
Scotiabank
Best For
[
Travel Rewards
]
[
Low Interest
]
[
Premium
]
Est. 1st Yr Value: $2461
Scene+
Welcome Bonus: Earn up to 80,000 bonus Scene+ points in the first 14 months.
Highlights:
No Foreign Transaction Fees
•
Airport Lounge Access
•
Travel Medical Insurance
•
Mobile Device Insurance
+6 more
Purchase APR
9.99%
Cash Advance APR
9.99%
Annual Fee
$399
Foreign Tx Fee
—
Personal Income
$12,000
Household Income
—
Credit Score
—
Add. Card Fee
$99
Annual Fee
$150
Purchase
20.99%
Cash Adv.
22.99%
Scotiabank
Best For
[
Travel Rewards
]
[
Premium
]
Est. 1st Yr Value: $1674
Scene+
Welcome Bonus: Earn up to 60,000 bonus Scene+ points with minimum spend.
Highlights:
No Foreign Transaction Fees
•
Airport Lounge Access
•
Travel Medical Insurance
•
Car Rental Collision/Loss Damage Waiver
+6 more
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$150
Foreign Tx Fee
—
Personal Income
$60,000
Household Income
$100,000
Credit Score
—
Add. Card Fee
$50
Annual Fee
$120
Purchase
21.99%
Cash Adv.
22.99%
Scotiabank
Best For
[
Travel Rewards
]
[
Premium
]
[
Rewards
]
Est. 1st Yr Value: $1378
Scene+
Welcome Bonus: Earn up to 45,000 bonus Scene+ points in welcome offers and first-year rewards.
Highlights:
No Foreign Transaction Fees
•
Airport Lounge Access
•
Travel Medical Insurance
•
Mobile Device Insurance
+6 more
Purchase APR
21.99%
Cash Advance APR
22.99%
Annual Fee
$120
Foreign Tx Fee
—
Personal Income
$12,000
Household Income
—
Credit Score
—
Add. Card Fee
$29
Annual Fee
$599
Purchase
20.99%
Cash Adv.
22.99%
Scotiabank
Best For
[
Travel Rewards
]
[
Premium
]
[
Rewards
]
Est. 1st Yr Value: $635
Scene+
Welcome Bonus: Earn up to 100,000 bonus Scene+ points in your first 14 months.
Exp: Apr 30, 2026
Highlights:
No Foreign Transaction Fees
•
Airport Lounge Access
•
Travel Medical Insurance
•
Mobile Device Insurance
+6 more
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$599
Foreign Tx Fee
—
Personal Income
$150,000
Household Income
$200,000
Credit Score
—
Add. Card Fee
$199
Annual Fee
$35
Purchase
19.99%
Cash Adv.
22.99%
Scotiabank
Best For
[
Travel Rewards
]
[
US Dollar Cards
]
Highlights:
No Foreign Transaction Fees
•
Extended Warranty Insurance
•
Purchase Security Insurance
Purchase APR
19.99%
Cash Advance APR
22.99%
Annual Fee
$35
Foreign Tx Fee
—
Personal Income
—
Household Income
—
Credit Score
—
Add. Card Fee
$0
Annual Fee
$39
Purchase
21.99%
Cash Adv.
22.99%
TD Canada Trust
Best For
[
Travel Rewards
]
[
US Dollar Cards
]
Highlights:
No Foreign Transaction Fees
•
Car Rental Collision/Loss Damage Waiver
•
Trip Cancellation/Interruption Insurance
•
Extended Warranty Insurance
+3 more
Purchase APR
21.99%
Cash Advance APR
22.99%
Annual Fee
$39
Foreign Tx Fee
—
Personal Income
—
Household Income
—
Credit Score
—
Add. Card Fee
$0
Annual Fee
$19
Purchase
19.99%
Cash Adv.
22.99%
ATB Financial
Best For
[
US Dollar Cards
]
Highlights:
No Foreign Transaction Fees
•
Extended Warranty Insurance
•
Purchase Security Insurance
•
Annual fee rebate with selected account
Purchase APR
19.99%
Cash Advance APR
22.99%
Annual Fee
$19
Foreign Tx Fee
2.90%
Personal Income
—
Household Income
—
Credit Score
—
Add. Card Fee
$0
Annual Fee
$0
Purchase
21.99%
Cash Adv.
21.99%
Home Trust
Best For
[
Cash Back
]
[
No Annual Fee
]
Est. 1st Yr Value: $180
Highlights:
No Annual Fee
•
No Foreign Transaction Fees
•
Purchase Security Insurance
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$0
Foreign Tx Fee
0%
Personal Income
$15,000
Household Income
—
Credit Score
—
Annual Fee
$0
Purchase
6.99%
Cash Adv.
6.99%
Home Trust
Best For
[
Low Interest
]
[
No Annual Fee
]
Highlights:
No Annual Fee
•
No Foreign Transaction Fees
•
Purchase Security Insurance
•
Low Purchase Interest
Purchase APR
6.99%
Cash Advance APR
6.99%
Annual Fee
$0
Foreign Tx Fee
0%
Personal Income
—
Household Income
—
Credit Score
—
Annual Fee
$495
Purchase
21.99%
Cash Adv.
22.99%
Rogers Bank
Best For
[
Cash Back
]
[
Travel Rewards
]
[
Premium
]
Cash Back
Welcome Bonus: Contest Entry: Apply and get approved by May 29, 2026, for a chance to win a Priceless Experience at the McLaren Technology Centre in England.
Exp: May 29, 2026
Highlights:
No Foreign Transaction Fees
•
Airport Lounge Access
•
Travel Medical Insurance
•
Car Rental Collision/Loss Damage Waiver
+5 more
Purchase APR
21.99%
Cash Advance APR
22.99%
Annual Fee
$495
Foreign Tx Fee
0%
Personal Income
$150,000
Household Income
$200,000
Balance Transfer
22.99%
Add. Card Fee
$95
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Stop Paying to Spend Abroad
Standard credit cards charge a "Foreign Transaction Fee" of 2.5% on every non-CAD purchase. These specialized cards eliminate that hidden cost completely.
Global Savings on Every Swipe
When you spend $1,000 abroad with a regular card, the bank charges you an extra $25 in hidden fees. A No-FX fee card eliminates this surcharge, keeping that money in your pocket for your trip. Over the course of a two-week vacation, this saving can easily cover the cost of a nice dinner or an excursion. It ensures that the price you see on the tag is the price you actually pay, converted at the fair market rate. It is the smartest way to spend internationally.
Cross-Border & Online Shopping
These savings aren’t just for physical travel; they apply to your digital life as well. Many of us shop on US websites, subscribe to software billed in USD, or buy digital services from global providers. A No-FX card saves you 2.5% on all of these transactions, month after month. If you are a snowbird or a frequent cross-border shopper, the cumulative savings over a year are substantial. It effectively gives you a permanent discount on international commerce.
The Traveler’s Essential Tool
Even if it’s not your daily driver at home, many financial experts recommend keeping a No-FX card in your wallet specifically for travel. It serves as your dedicated "travel wallet," ensuring you never pay unnecessary fees while away. Many of these cards also come with travel insurance perks, making them a dual-threat for protecting your trip and your wallet. It is a low-maintenance tool that provides high-value returns whenever you leave the country.
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Cash Back
Earn money on daily spend.
Travel Rewards
Best for frequent flyers.
SPEC SHEET
Find best cards by features:
Filter our database by the specific perks and coverages that matter to you.
ISSUERS
Browse by Bank & Issuer:
Filter our database to see offers from specific Canadian financial institutions.
LOYALTY PROGRAMS
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PAYMENT NETWORKS
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Filter by Visa, Mastercard, or Amex acceptance.
CARD LEVELS
Browse Cards by Tier:
From entry-level options to exclusive black cards. Find the eligibility level that fits you.
KNOWLEDGE BASE
Frequently Asked Questions
Common questions about Compare The Best No-FX Cards Cards and financial strategy.
Disclaimer: Information is for educational purposes only and does not constitute financial or legal advice. Terms subject to change by issuers.
It can be, depending on your usage. Premium cards with annual fees often come with higher reward earn rates, comprehensive insurance, and perks like lounge access. If the value of the rewards and benefits you utilize exceeds the cost of the fee, the card may offer a positive net value.
In Canada, you will often see AIR (Annual Interest Rate) used. It represents the yearly cost of borrowing on the card. Standard cards typically have purchase interest rates around 20.99%, while Low Interest cards can be significantly lower. Cash advances often carry higher interest rates than purchases.
If a transaction pushes you over your limit, the issuer may decline the transaction or, in some cases, accept it and charge an 'Over-Limit Fee' (typically around $29). Exceeding your limit can also negatively impact your credit score. It is best to keep balances well below your limit.
Most Canadian credit cards charge a fee (typically 2.5%) on top of the exchange rate for any transaction made in a currency other than Canadian dollars. Cards marketed as 'No Foreign Transaction Fee' generally waive this 2.5% surcharge, though the exchange rate itself is still determined by the card network (Visa/Mastercard/Amex).
Credit card networks (Visa/Mastercard) set their own daily exchange rates, which are generally very close to the market rate. However, unless you have a No-FX fee card, the issuer adds a surcharge (usually 2.5%) on top of this rate, which is why the total cost is higher than the spot market rate.
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