No-Fee Credit Cards in Canada: Best Options for 2025

If you’re looking for convenience and benefits without the hassle associated with annual fees, no-fee credit cards are the way to go. The cards offer access to essential financial services, rewards programs, and perks and are becoming increasingly popular among Canadians. For those looking for a no-fee credit card in Canada in 2025, there are many to choose from based on your spending habits and lifestyle.

In this article, we look at the best no-fee credit cards available in Canada and provide insight to help you choose your perfect card.

Advantages of No-Fee Credit Cards

1.      Savings on Annual Fees

No-fee credit cards remove the cost of having a credit account, and they are ideal for budget-conscious consumers. It guarantees access to financial flexibility without additional overhead costs.

2.      Rewards and Cashback Opportunities

There are many no-fee credit cards with attractive rewards programs, ranging from cash-back travel points to retail discounts. The perks here allow cardholders to get value from everyday spending.

3.      Accessibility

Often, no-fee cards have more lenient eligibility criteria, meaning many more people, including students or new Canadians to Canada, can use them.

4.      Added Perks

A few credit cards come with no fee, which offers extended warranty protection, purchase security insurance, and exclusive access to promotions.

Tip: For tips on using credit cards safely while shopping online, read “Credit Card Tips for Safe Amazon Shopping.”

Top No-Fee Credit Cards in Canada

        i.            Tangerine Money-Back Credit Card

If you want to earn the most cashback on everyday purchases, the Tangerine Money-Back Credit Card has no annual fee and works great for everyday cashback. This card is perfect for those who are budget-conscious and want their cashback to be flexible with a great welcome offer and flexible earning categories.

Features & Benefits

Annual Fee: $0

Welcome Bonus

• Get 10% cash back on up to $1,000 in everyday purchases in the first 2 months (apply by January 31, 2025.)

Earning Categories

• 2% cashback in 2 Money-Back Categories of your choice (e.g., entertainment, drug & pharmacy, restaurants, travel).
• All other purchases receive 0.5% cashback.

Special Introductory Offer:

• Cashback of up to 10% on bills, gas, and everyday purchases up to $100.

Interest Rates:

• Purchase Interest Rate: 20.95%
• Cash Advance Interest Rate: 22.95%
• Balance Transfer Interest Rate: 22.95%

This card is a great deal for consumers wanting to save on everyday spending because it offers excellent flexibility and value. Learn more about cashback opportunities in our article, “Maximize Summer Travel Savings with Cash Back.”

      ii.            PC® Mastercard®

The PC® Mastercard® is a no-annual-fee store credit card that earns PC Optimum™ points on everyday purchases like gas, groceries, and pharmacy. An attractive card for those buying from affiliated retailers like Esso™, Mobil™, and Shoppers Drug Mart® because of its broad earning potential and generous welcome bonus.

Features & Benefits

Annual Fee: $0

Welcome Bonus:

• Get 20,000 bonus PC Optimum™ points to begin your rewards journey.

Earning Categories:

• Earn 30 points for every $1 you spend on gas at Esso™ and Mobil™ stations in Canada.
• Earn 25 points per $1 spent at Shoppers Drug Mart® stores.
• For every $1 spent anywhere else you shop, you earn 10 points.

Interest Rates:

• Purchase Interest Rate: 21.99%.
• Cash Advance Interest Rate: 22.97%.
• Balance Transfer Interest Rate: N/A.

For a broader look at top credit card options, check out “Top Canadian Credit Cards.”

    iii.            BMO CashBack® Mastercard®

If you want to make the most of cashback rewards on everyday purchases, including groceries, the BMO CashBack® Mastercard® is a no-annual-fee credit card option. With competitive earning rates, flexible redemption options, and a promotional balance transfer, this card offers excellent value and convenience for budget-conscious Canadians.

Features & Benefits

Annual Fee: $0

Welcome Bonus:

• You can earn up to 5% cash back on all purchases during the first three months

Earning Categories:

• 3% cashback on groceries.
• Recurring bill payments get 1% cashback.
• Cashback of 0.5% on all other purchases.

Cashback Redemption Options:

• As little as $1 can be redeemed toward your card statement.
• Have cashback amounts of $25 or more paid automatically into any BMO bank account or BMO investment account.

Balance Transfer Offer:

• 2% balance transfer fee, 0.99% promotional interest rate for first 9 months. (goes down to 22.99% after promotional period).

Additional Perks:

• Anniversary bonus of $50.
• Cash back redemption flexible options.

Interest Rates:

• Purchase Interest Rate: 20.99%.
• Cash Advance Interest Rate: 22.99%.
• Balance Transfer Interest Rate: 0.99% for the first 9 months, then 22.99%

A card best suited for grocery shoppers and people who want the cashback reward without an annual fee. This card could complement your savings strategies for travel. Learn more about travel-focused cards in “Top Travel Credit Cards for Canadians: Save on Flights.”

    iv.            Simplii Financial™ Cash Back Visa Card*

The Simplii Financial™ Cash Back Visa* Card has a good cashback program, reasonable earning rates, and allows for flexible redemption. This is an outstanding choice for folks who want to optimize their rewards on everyday purchases, dining, and travel spending, with no annual fee and perks such as Purchase Security and Extended Protection Insurance.

Features & Benefits

Annual Fee: None.

Welcome Bonus:

• Cashback of up to 10% on your first 3 months on eligible purchases (up to $1,000 spent).

Earning Categories:

• Purchases at restaurants, bars, and coffee shops earn 4% cashback (up to $5,000 per year).
• 1.5% cash back on eligible gas, groceries, drugstore purchases, and pre-authorized payments (up to $15,000 annually)
• There is no earning limit, and 0.5% cashback on all other purchases.

Cashback Redemption:

• You automatically earn cashback on a monthly basis.

Additional Perks:

• Purchase Security and Extended Protection Insurance: Protection on purchases and extends the manufacturer’s warranty up to one additional year.
• Global Money Transfer Perk: You’ll earn cashback when you send a Global Money Transfer and pay with your Visa card.

Interest Rates:

• Purchase Interest Rate: 20.99%.
• Cash Advance Interest Rate: 22.99%.
• Balance Transfer Interest Rate: 22.99%.

Best for dining, day-to-day expenses, and people who are looking for good cashback rewards with added insurance coverage. Learn more about mobile device insurance and other card perks in “Mobile Device Insurance: Canadian Credit Cards.”

      v.            American Express® Green Card

The American Express® Green Card is a no-annual-fee credit card for people who want to earn flexible rewards on everyday purchases. You will also appreciate the robust Membership Rewards® program, plus exclusive perks and a valuable welcome bonus, making it ideal for those looking to get maximum points for travel, entertainment, or statement credits.

Features & Benefits

Annual Fee: $0

Welcome Bonus:

• Charging $1,000 in purchases to your card within 3 months of card membership will earn you 10,000 Membership Rewards® points (a $100 value).

Earning Categories:

• Get 1 Membership Rewards® point for every $1 spent on purchases made with your Card.

Rewards Redemption:

• You can also redeem points for statement credit (1,000 points = $10).
• Transfer points 1:1 to several distinct loyalty or frequent flyer programs.

Interest Rates:

• Purchase Interest Rate: 21.99%.
• Cash Advance Interest Rate: 21.99%.
• Balance Transfer Interest Rate: Not available.

Best for those who are looking for flexible rewards, access to exclusive events and have a straightforward earning structure. If you’re planning travel and want to explore premium cards, read “Top Travel Credit Cards for Canadians: Save on Flights.”

Conclusion

In 2025, Canadian no-fee credit cards will be of the best value, providing savings, rewards, and convenience. You will prefer cashback, travel perks, or even no foreign transaction fees, and you will find yourself a card designed to cater to your needs. Review the features and benefits of cards to make informed choices that will ensure you live your life with financial freedom. Take your financial planning further by exploring our guide to “Top Canadian Credit Cards.”