The Scotiabank Platinum American Express Card delivers a premium combination of travel rewards, lounge access, no foreign transaction fees, extensive insurance and a low 9.99% interest rate. Cardholders earn 2 Scene+ points per $1 on all eligible purchases and up to 5 points through eligible Scene+ Travel bookings. The advertised offer of up to $3,000 in value during the first 14 months adds substantial potential value for eligible new cardholders who can use its travel and lifestyle benefits.
RateBuddyCredit card guide
FX SAVINGS
Best No Foreign Transaction Fee Credit Cards in Canada
- Fact checked
- Travel perks
- Rewards & coverage
No-FX cards can make travel and foreign purchases feel simpler
Foreign transaction fees can quietly add to the cost of travel and international purchases. RateBuddy helps compare no-FX and low-FX card options by annual fee, rewards, travel benefits, insurance, and everyday usefulness.
What to compare
- Foreign transaction fee structure
- Annual fee and reward value
- Travel benefits and insurance
- Currency and issuer terms
Smart Card Filter
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Compare The Best No-FX Cards — October 2026
Last updated
Use the filters to shape the card results below. Adjust your monthly spend, narrow by provider, or highlight no-fee and welcome-bonus options — RateBuddy will quietly refresh the list so the results stay connected to your choices.
Ready to refine
Earn up to $3,000 in value in 14 months, including 100,000 bonus Scene+ points.*
Get Ratebuddy Cash Rebate:
$200
Annual fee
$399
Purchase APR
9.99%
Cash advance
9.99%
Scotiabank®
Best for
Travel Rewards
Low Interest
Premium
Best for
Travel Rewards
Low Interest
Premium
Welcome-offer value
Advertised value estimate, subject to eligibility and provider requirements
$3,000
Estimated rewards from spending
Based on $1,500 in monthly spending
$0
First-year annual fee
Fee charged during the first year
$399
Estimated first-year card value
Welcome value + spending rewards − first-year fee
$2,601
View spending and reward-rate details
| Spending category | Monthly spend | Rate | Annual value |
|---|---|---|---|
| Groceries | $450 | 0% | $0 |
| Dining | $300 | 0% | $0 |
| Gas and transit | $150 | 0% | $0 |
| Travel | $75 | 0% | $0 |
| Recurring bills | $75 | 0% | $0 |
| Other purchases | $450 | 0% | $0 |
RateBuddy cash rebate
This separate rebate is not included in the card value or ranking above.
+$200
Potential first-year value with RateBuddy rebate
$2,801
Estimate notes
- No usable reward rate is configured, so spending rewards were not estimated.
This is an estimate, not a guaranteed cash return. Actual value depends on spending, eligibility, redemption choices and meeting the provider’s offer terms. Reward rates are treated as estimated cash-equivalent percentages.
Rewards program
Scene+
Card essentials
Rates, fees and requirements
The important numbers, organized so they are easy to scan and compare.
Annual fee
$399
Primary cardholder
Purchase APR
9.99%
Regular purchase rate
Cash advance APR
9.99%
Cash transaction rate
Balance transfer APR
—
When available
Foreign transaction fee
0%
Foreign-currency purchases
Additional card fee
$99
Supplementary cardholder
Before you apply
Eligibility snapshot
Recommended credit score
—
Minimum personal income
$12,000
Minimum household income
—
Approval, rates and credit limits are determined by the card provider.
Get up to $2,600 in first-year value, including up to 40,000 bonus Scene+ points. Conditions apply.
Annual fee
$199
Purchase APR
20.99%
Cash advance
22.99%
Scotiabank®
Best for
Travel Rewards
Business
Premium
Best for
Travel Rewards
Business
Premium
Welcome-offer value
Advertised value estimate, subject to eligibility and provider requirements
$2,600
Estimated rewards from spending
Based on $1,500 in monthly spending
$0
First-year annual fee
Fee charged during the first year
$199
Estimated first-year card value
Welcome value + spending rewards − first-year fee
$2,401
View spending and reward-rate details
| Spending category | Monthly spend | Rate | Annual value |
|---|---|---|---|
| Groceries | $450 | 0% | $0 |
| Dining | $300 | 0% | $0 |
| Gas and transit | $150 | 0% | $0 |
| Travel | $75 | 0% | $0 |
| Recurring bills | $75 | 0% | $0 |
| Other purchases | $450 | 0% | $0 |
Estimate notes
- No usable reward rate is configured, so spending rewards were not estimated.
This is an estimate, not a guaranteed cash return. Actual value depends on spending, eligibility, redemption choices and meeting the provider’s offer terms. Reward rates are treated as estimated cash-equivalent percentages.
Rewards program
Scene+
The Scotiabank Passport Visa Infinite Business Card is a compelling option for business owners who want straightforward rewards alongside useful travel benefits. Its flat 1.5 Scene+ points per dollar on eligible purchases makes everyday business spending easy to manage without tracking different category rates. No foreign transaction fees, six complimentary lounge visits and a broad selection of travel insurance benefits give the card particular appeal for owners who travel or regularly make foreign-currency purchases. Beyond travel, Visa Spend Clarity and Visa SavingsEdge add practical tools and savings opportunities. The $199 annual fee is easiest to justify when these benefits become part of your regular business routine. Owners who rarely travel, carry an ongoing balance or would struggle to meet the welcome offer’s spending requirements should weigh those costs carefully. Overall, this is a well-rounded business rewards card for owners who value simplicity, travel convenience and expense-management support.
Card essentials
Rates, fees and requirements
The important numbers, organized so they are easy to scan and compare.
Annual fee
$199
Primary cardholder
Purchase APR
20.99%
Regular purchase rate
Cash advance APR
22.99%
Cash transaction rate
Balance transfer APR
22.99%
When available
Foreign transaction fee
0%
Foreign-currency purchases
Additional card fee
$50
Supplementary cardholder
Before you apply
Eligibility snapshot
Recommended credit score
—
Minimum personal income
$60,000
Minimum household income
$100,000
Approval, rates and credit limits are determined by the card provider.
Earn up to $1,250 in first year welcome offers, rewards and savings*
Get Ratebuddy Cash Rebate:
$125
Annual fee
$150
Purchase APR
20.99%
Cash advance
22.99%
Scotiabank®
Best for
Travel Rewards
Premium
Rewards
Best for
Travel Rewards
Premium
Rewards
Welcome-offer value
Advertised value estimate, subject to eligibility and provider requirements
$1,250
Estimated rewards from spending
Based on $1,500 in monthly spending
$0
First-year annual fee
Fee charged during the first year
$150
Estimated first-year card value
Welcome value + spending rewards − first-year fee
$1,100
View spending and reward-rate details
| Spending category | Monthly spend | Rate | Annual value |
|---|---|---|---|
| Groceries | $450 | 0% | $0 |
| Dining | $300 | 0% | $0 |
| Gas and transit | $150 | 0% | $0 |
| Travel | $75 | 0% | $0 |
| Recurring bills | $75 | 0% | $0 |
| Other purchases | $450 | 0% | $0 |
RateBuddy cash rebate
This separate rebate is not included in the card value or ranking above.
+$125
Potential first-year value with RateBuddy rebate
$1,225
Estimate notes
- No usable reward rate is configured, so spending rewards were not estimated.
This is an estimate, not a guaranteed cash return. Actual value depends on spending, eligibility, redemption choices and meeting the provider’s offer terms. Reward rates are treated as estimated cash-equivalent percentages.
Rewards program
Scene+
The Scotiabank Passport® Visa Infinite +* Card is a compelling premium travel card for Canadians looking for meaningful travel benefits and flexible Scene+ rewards. With no foreign transaction fees, six complimentary airport lounge visits, extensive travel insurance and strong earning opportunities in popular spending categories, the card offers a well-rounded combination of everyday rewards and travel value. The current offer of up to $1,250 in first-year welcome offers, rewards and savings adds even more potential value for eligible new cardholders.*
Card essentials
Rates, fees and requirements
The important numbers, organized so they are easy to scan and compare.
Annual fee
$150
Primary cardholder
Purchase APR
20.99%
Regular purchase rate
Cash advance APR
22.99%
Cash transaction rate
Balance transfer APR
22.99%
When available
Foreign transaction fee
0%
Foreign-currency purchases
Additional card fee
$0
Supplementary cardholder
Before you apply
Eligibility snapshot
Recommended credit score
—
Minimum personal income
$60,000
Minimum household income
$100,000
Approval, rates and credit limits are determined by the card provider.
Go for Gold: Earn up to $950 in First-Year Value, including up to 50,000 bonus Scene+ points.**
Get Ratebuddy Cash Rebate:
$200
Annual fee
$120
Purchase APR
21.99%
Cash advance
22.99%
Scotiabank®
Best for
Travel Rewards
Premium
Rewards
Best for
Travel Rewards
Premium
Rewards
Welcome-offer value
Advertised value estimate, subject to eligibility and provider requirements
$950
Estimated rewards from spending
Based on $1,500 in monthly spending
$0
First-year annual fee
Fee charged during the first year
$120
Estimated first-year card value
Welcome value + spending rewards − first-year fee
$830
View spending and reward-rate details
| Spending category | Monthly spend | Rate | Annual value |
|---|---|---|---|
| Groceries | $450 | 0% | $0 |
| Dining | $300 | 0% | $0 |
| Gas and transit | $150 | 0% | $0 |
| Travel | $75 | 0% | $0 |
| Recurring bills | $75 | 0% | $0 |
| Other purchases | $450 | 0% | $0 |
RateBuddy cash rebate
This separate rebate is not included in the card value or ranking above.
+$200
Potential first-year value with RateBuddy rebate
$1,030
Estimate notes
- No usable reward rate is configured, so spending rewards were not estimated.
This is an estimate, not a guaranteed cash return. Actual value depends on spending, eligibility, redemption choices and meeting the provider’s offer terms. Reward rates are treated as estimated cash-equivalent percentages.
Rewards program
Scene+
The Scotiabank Gold American Express Card is a feature-rich choice for Canadians who want strong everyday rewards alongside useful travel benefits. It earns up to 6 Scene+ points per $1 at participating grocery partners, 5 points on dining and entertainment, and 3 points on gas, transit and streaming. No foreign transaction fees, Amex Experiences and airport-lounge access add further value, while the $120 annual fee can be waived with an eligible Scotiabank bank account.
Card essentials
Rates, fees and requirements
The important numbers, organized so they are easy to scan and compare.
Annual fee
$120
Primary cardholder
Purchase APR
21.99%
Regular purchase rate
Cash advance APR
22.99%
Cash transaction rate
Balance transfer APR
—
When available
Foreign transaction fee
0%
Foreign-currency purchases
Additional card fee
$29
Supplementary cardholder
Before you apply
Eligibility snapshot
Recommended credit score
—
Minimum personal income
$12,000
Minimum household income
—
Approval, rates and credit limits are determined by the card provider.
Earn up to 80,000 bonus Scene+ points—up to $800 in value.*
Get Ratebuddy Cash Rebate:
$150
Annual fee
$599
Purchase APR
20.99%
Cash advance
22.99%
Scotiabank®
Best for
Travel Rewards
Premium
Rewards
Best for
Travel Rewards
Premium
Rewards
Welcome-offer value
Advertised value estimate, subject to eligibility and provider requirements
$800
Estimated rewards from spending
Based on $1,500 in monthly spending
$0
First-year annual fee
Fee charged during the first year
$599
Estimated first-year card value
Welcome value + spending rewards − first-year fee
$201
View spending and reward-rate details
| Spending category | Monthly spend | Rate | Annual value |
|---|---|---|---|
| Groceries | $450 | 0% | $0 |
| Dining | $300 | 0% | $0 |
| Gas and transit | $150 | 0% | $0 |
| Travel | $75 | 0% | $0 |
| Recurring bills | $75 | 0% | $0 |
| Other purchases | $450 | 0% | $0 |
RateBuddy cash rebate
This separate rebate is not included in the card value or ranking above.
+$150
Potential first-year value with RateBuddy rebate
$351
Estimate notes
- No usable reward rate is configured, so spending rewards were not estimated.
This is an estimate, not a guaranteed cash return. Actual value depends on spending, eligibility, redemption choices and meeting the provider’s offer terms. Reward rates are treated as estimated cash-equivalent percentages.
Rewards program
Scene+
The Scotiabank Passport Visa Infinite Privilege Card offers an extensive premium travel package for frequent travellers who can make full use of its rewards and benefits. Cardholders receive a $250 annual Scene+ Travel credit, 10 complimentary lounge visits per cardholder, no foreign transaction fees and access to premium airport, hotel, dining and lifestyle experiences. Strong Scene+ earning and comprehensive travel insurance further support its premium positioning.
Card essentials
Rates, fees and requirements
The important numbers, organized so they are easy to scan and compare.
Annual fee
$599
Primary cardholder
Purchase APR
20.99%
Regular purchase rate
Cash advance APR
22.99%
Cash transaction rate
Balance transfer APR
—
When available
Foreign transaction fee
0%
Foreign-currency purchases
Additional card fee
$199
Supplementary cardholder
Before you apply
Eligibility snapshot
Recommended credit score
—
Minimum personal income
$150,000
Minimum household income
$200,000
Approval, rates and credit limits are determined by the card provider.
Annual fee
$0
Purchase APR
21.99%
Cash advance
21.99%
Home Trust
Best for
Cash Back
No Annual Fee
Best for
Cash Back
No Annual Fee
Welcome-offer value
No current monetary welcome-offer estimate was included
$0
Estimated rewards from spending
Based on $1,500 in monthly spending
$180
First-year annual fee
No annual fee
$0
Estimated first-year card value
Welcome value + spending rewards − first-year fee
$180
View spending and reward-rate details
| Spending category | Monthly spend | Rate | Annual value |
|---|---|---|---|
| Groceries | $450 | 1% | $54 |
| Dining | $300 | 1% | $36 |
| Gas and transit | $150 | 1% | $18 |
| Travel | $75 | 1% | $9 |
| Recurring bills | $75 | 1% | $9 |
| Other purchases | $450 | 1% | $54 |
This is an estimate, not a guaranteed cash return. Actual value depends on spending, eligibility, redemption choices and meeting the provider’s offer terms. Reward rates are treated as estimated cash-equivalent percentages.
Card essentials
Rates, fees and requirements
The important numbers, organized so they are easy to scan and compare.
Annual fee
$0
Primary cardholder
Purchase APR
21.99%
Regular purchase rate
Cash advance APR
21.99%
Cash transaction rate
Balance transfer APR
—
When available
Foreign transaction fee
0%
Foreign-currency purchases
Additional card fee
—
Supplementary cardholder
Before you apply
Eligibility snapshot
Recommended credit score
—
Minimum personal income
$15,000
Minimum household income
—
Approval, rates and credit limits are determined by the card provider.
Annual fee
$0
Purchase APR
6.99%
Cash advance
6.99%
Home Trust
Best for
Low Interest
No Annual Fee
Best for
Low Interest
No Annual Fee
Card essentials
Rates, fees and requirements
The important numbers, organized so they are easy to scan and compare.
Annual fee
$0
Primary cardholder
Purchase APR
6.99%
Regular purchase rate
Cash advance APR
6.99%
Cash transaction rate
Balance transfer APR
—
When available
Foreign transaction fee
0%
Foreign-currency purchases
Additional card fee
—
Supplementary cardholder
Before you apply
Eligibility snapshot
Recommended credit score
—
Minimum personal income
—
Minimum household income
—
Approval, rates and credit limits are determined by the card provider.
Annual fee
$19
Purchase APR
19.99%
Cash advance
22.99%
Card essentials
Rates, fees and requirements
The important numbers, organized so they are easy to scan and compare.
Annual fee
$19
Primary cardholder
Purchase APR
19.99%
Regular purchase rate
Cash advance APR
22.99%
Cash transaction rate
Balance transfer APR
—
When available
Foreign transaction fee
2.90%
Foreign-currency purchases
Additional card fee
$0
Supplementary cardholder
Before you apply
Eligibility snapshot
Recommended credit score
—
Minimum personal income
—
Minimum household income
—
Approval, rates and credit limits are determined by the card provider.
Annual fee
$39
Purchase APR
21.99%
Cash advance
22.99%
TD Canada Trust
Best for
Travel Rewards
US Dollar Cards
Best for
Travel Rewards
US Dollar Cards
Card essentials
Rates, fees and requirements
The important numbers, organized so they are easy to scan and compare.
Annual fee
$39
Primary cardholder
Purchase APR
21.99%
Regular purchase rate
Cash advance APR
22.99%
Cash transaction rate
Balance transfer APR
—
When available
Foreign transaction fee
—
Foreign-currency purchases
Additional card fee
$0
Supplementary cardholder
Before you apply
Eligibility snapshot
Recommended credit score
—
Minimum personal income
—
Minimum household income
—
Approval, rates and credit limits are determined by the card provider.
Annual fee
$495
Purchase APR
21.99%
Cash advance
22.99%
Rogers Bank
Best for
Cash Back
Travel Rewards
Premium
Best for
Cash Back
Travel Rewards
Premium
Rewards program
Cash Back
Card essentials
Rates, fees and requirements
The important numbers, organized so they are easy to scan and compare.
Annual fee
$495
Primary cardholder
Purchase APR
21.99%
Regular purchase rate
Cash advance APR
22.99%
Cash transaction rate
Balance transfer APR
22.99%
When available
Foreign transaction fee
0%
Foreign-currency purchases
Additional card fee
$95
Supplementary cardholder
Before you apply
Eligibility snapshot
Recommended credit score
—
Minimum personal income
$150,000
Minimum household income
$200,000
Approval, rates and credit limits are determined by the card provider.
RateBuddy
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We calculate the true value to save you every penny.
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Rankings based on hard numbers (fees vs rewards), not advertising budgets.
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We highlight the "gotchas" and fees just as clearly as the perks.
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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.
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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.
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.
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.
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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