Annual fee
$399
Primary cardholder
Best No Foreign Transaction Fee Credit Cards in Canada
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.
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Compare The Best No-FX Cards
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Ready to refine
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
$2,500
Estimated rewards from spending
Based on $1,500 in monthly spending
$360
First-year annual fee
Fee charged during the first year
$399
Estimated first-year card value
Welcome value + spending rewards − first-year fee
$2,461
View spending and reward-rate details
| Spending category | Monthly spend | Rate | Annual value |
|---|---|---|---|
| Groceries | $450 | 2% | $108 |
| Dining | $300 | 2% | $72 |
| Gas and transit | $150 | 2% | $36 |
| Travel | $75 | 2% | $18 |
| Recurring bills | $75 | 2% | $18 |
| Other purchases | $450 | 2% | $108 |
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.
Purchase APR
9.99%
Regular purchase rate
Cash advance APR
9.99%
Cash transaction rate
Balance transfer APR
—
When available
Foreign transaction fee
—
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.
Annual fee
$150
Purchase APR
20.99%
Cash advance
22.99%
Scotiabank
Best for
Travel Rewards
Premium
Best for
Travel Rewards
Premium
Welcome-offer value
Advertised value estimate, subject to eligibility and provider requirements
$1,500
Estimated rewards from spending
Based on $1,500 in monthly spending
$324
First-year annual fee
Fee charged during the first year
$150
Estimated first-year card value
Welcome value + spending rewards − first-year fee
$1,674
View spending and reward-rate details
| Spending category | Monthly spend | Rate | Annual value |
|---|---|---|---|
| Groceries | $450 | 3% | $162 |
| Dining | $300 | 2% | $72 |
| 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.
Rewards program
Scene+
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
—
When available
Foreign transaction fee
—
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.
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
$850
Estimated rewards from spending
Based on $1,500 in monthly spending
$648
First-year annual fee
Fee charged during the first year
$120
Estimated first-year card value
Welcome value + spending rewards − first-year fee
$1,378
View spending and reward-rate details
| Spending category | Monthly spend | Rate | Annual value |
|---|---|---|---|
| Groceries | $450 | 6% | $324 |
| Dining | $300 | 5% | $180 |
| Gas and transit | $150 | 3% | $54 |
| Travel | $75 | 1% | $9 |
| Recurring bills | $75 | 3% | $27 |
| 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.
Rewards program
Scene+
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
—
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.
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
$35
Purchase APR
19.99%
Cash advance
22.99%
Scotiabank
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
$35
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
—
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.
Annual fee
$599
Purchase APR
20.99%
Cash advance
22.99%
Scotiabank
Best for
Travel Rewards
Premium
Rewards
Best for
Travel Rewards
Premium
Rewards
Rewards program
Scene+
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
—
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.
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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.
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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.
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).
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.
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.
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.
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