The Best No-Fee Credit Cards in Canada (2025)

Let’s be real—nobody wants to pay an annual fee for a credit card unless it’s packed with insane perks. But what if you could get solid rewards, decent cashback, and even travel benefits without shelling out a yearly charge? That’s where no-fee credit cards come in.

At Wealthy Swipe, we’ve dug through the fine print, compared rewards, and talked to real users to bring you the top no-fee credit cards in Canada for 2025. Whether you’re a student, a frequent shopper, or just hate unnecessary fees, there’s something here for you.

Why Go No-Fee?

Before jumping into the best cards, let’s talk about why no-fee cards are worth considering:

✔ No Hidden Costs – Why pay $120 a year when you can get similar perks for free?
✔ Great for Building Credit – Perfect if you’re new to credit or rebuilding your score.
✔ Flexibility – No pressure to “earn back” the annual fee with spending.
✔ Travel & Cashback Perks – Yes, some no-fee cards still offer travel insurance and solid rewards.

Now, let’s get into the best no-fee credit cards in Canada right now.

1. Tangerine Money-Back Credit Card – Best for Custom Rewards

If you like controlling where you earn cashback, this card is a winner.

Why It’s Great:

• 2% cashback on two or three categories of your choice (like groceries, gas, or bills).

• 0.5% back on everything else.

• No annual fee (obviously).

• Free additional cards (handy for couples or family spending).

Best For: People who want to maximize cashback in specific areas.

Downside: You need a Tangerine account to get the third 2% category.

🔗 Check Out Tangerine Money-Back Card

2. BMO CashBack® Mastercard® – Best for Groceries

If you spend a lot on food and essentials, this card is a no-brainer.

Why It’s Great:

• 3% cashback on groceries (up to $500/month).

• 1% back on recurring bills (like Netflix or phone plans).

• 0.5% on everything else.

• No annual fee and easy approval (good for fair credit).

Best For: Households that do a lot of grocery shopping.

Downside: The 3% is capped, so big spenders might want more.

🔗 Learn More About BMO CashBack Card

3. Simplii Financial™ Cash Back Visa® – Best for Foodies

Love eating out? This card pays you back every time you order in or dine out.

Why It’s Great:

• 4% cashback on restaurants, bars, and food delivery (up to $5,000/year).

• 1.5% on gas, groceries, and drugstores.

• No annual fee and no foreign transaction fees (rare for a no-fee card).

Best For: People who spend more on takeout than groceries.

Downside: The 4% has a limit—after $5K, it drops to 0.5%.

🔗 Get the Simplii Cash Back Visa

4. PC Financial® World Elite Mastercard® – Best for Shoppers

If you live at Loblaws, Shoppers, or No Frills, this card is basically free money.

Why It’s Great:

• Earn PC Optimum points (30-45 points per $1 at Loblaws/Shoppers).

• No annual fee (despite being a “World Elite” card).

• Free secondary card (great for couples).

Best For: Anyone who shops at PC-owned stores regularly.

Downside: Rewards are only useful if you shop at their stores.

🔗 Apply for PC Financial Mastercard

5. Scotiabank Value Visa – Best for Low Interest

Most no-fee cards have high interest rates—this one keeps costs low if you carry a balance.

Why It’s Great:

• 12.99% interest rate (way lower than most cards).

• No annual fee.

• Extended warranty protection.

Best For: People who sometimes carry a balance (but try not to!).

Downside: No rewards program—strictly a low-interest card.

🔗 Check Out Scotiabank Value Visa

Which No-Fee Card Should You Pick?

Here’s a quick cheat sheet:

• Want cashback on everything? → Tangerine Money-Back

• Big grocery spender? → BMO CashBack Mastercard

• Eat out all the time? → Simplii Cash Back Visa

• Shop at Loblaws/Shoppers? → PC Financial Mastercard

• Need low interest? → Scotiabank Value Visa

Final Thoughts

No-fee credit cards are not just for students or beginners—they can be powerful tools for saving money and earning rewards without the hassle of annual fees. The top no-fee credit cards in Canada in 2025 offer everything from high cashback to travel perks, so there’s no reason to overpay for plastic.

Which one fits your spending style? Let us know in the comments!

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