Best First Year Free Credit Cards in Canada | Sparks and Bloom

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Best for: 1st Yr Fee Rebate

BMO VIPorter World Elite Mastercard

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BMO VIPorter World Elite Mastercard

BMO Mastercard Porter VIPorter

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5.0Ratesopedia rating

The BMO VIPorter World Elite Mastercard offers a first year annual fee rebate (regular fee $199/yr). It comes with a welcome bonus of 70,000 points. You earn 2x on groceries and 2x at restaurants. Estimated first-year value is $1,644.

1st Yr Fee Rebate

Annual Fee: $199 $0
Rewards rate: 1x
Welcome Bonus: 70,000 points
1st Year Value: $1,644

Pros

First Year Annual Fee Rebate
Welcome bonus of 70,000 points
2x on groceries
2x at restaurants

Cons

High annual fee ($199)
Requires good credit

Best for: 1st Yr Fee Rebate

TD Aeroplan Visa Infinite Card

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SponsoredTD Aeroplan Visa Infinite Card

TD Visa Aeroplan

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4.8Ratesopedia rating

The TD Aeroplan Visa Infinite Card offers a first year annual fee rebate (regular fee $139/yr). It comes with a welcome bonus of 40,000 points. You earn 1.5x on groceries and 1x at restaurants. Estimated first-year value is $1,330.

Best of Month1st Yr Fee Rebate

Annual Fee: $139 $0
Rewards rate: 1x
Welcome Bonus: 40,000 points
1st Year Value: $1,330

Pros

First Year Annual Fee Rebate
Welcome bonus of 40,000 points
Estimated 1st-year value of $1,330

Cons

Requires good credit

Best for: 1st Yr Fee Rebate

BMO CashBack Mastercard World Eliteᴹᴰ

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BMO CashBack Mastercard World Eliteᴹᴰ

BMO MastercardCash Back

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4.8Ratesopedia rating

The BMO CashBack Mastercard World Eliteᴹᴰ offers a first year annual fee rebate (regular fee $120/yr). It comes with a welcome bonus of $650. You earn 5x on groceries and 1x at restaurants. Estimated first-year value is $1,276.

Best of Month1st Yr Fee Rebate

Annual Fee: $120 $0
Rewards rate: 1x
Welcome Bonus: $650
1st Year Value: $1,276

Pros

First Year Annual Fee Rebate
Welcome bonus of $650
5x on groceries
Estimated 1st-year value of $1,276

Cons

Requires good credit

Best for: 1st Yr Fee Rebate

TD First Class Travel Visa Infinite Card

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FeaturedTD First Class Travel Visa Infinite Card

TD Visa TD Rewards

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5.0Ratesopedia rating

The TD First Class Travel Visa Infinite Card offers a first year annual fee rebate (regular fee $139/yr). It comes with a welcome bonus of 146,000 points. You earn 6x on groceries and 6x at restaurants. Estimated first-year value is $1,210.

Best of Month1st Yr Fee Rebate

Annual Fee: $139 $0
Rewards rate: 2x
Welcome Bonus: 146,000 points
1st Year Value: $1,210

Pros

First Year Annual Fee Rebate
Welcome bonus of 146,000 points
6x on groceries
6x at restaurants

Cons

Requires good credit

Best for: Travel rewards

CIBC Aventura Visa Card for Business

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CIBC Aventura Visa Card for Business

CIBC Visa CIBC Aventura

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5.0Ratesopedia rating

The CIBC Aventura Visa Card for Business offers a first year annual fee rebate (regular fee $180/yr). It comes with a welcome bonus of 75,000 points. You earn 1x on groceries and 1x at restaurants. Estimated first-year value is $1,198.

1st Yr Fee Rebate

Annual Fee: $180 $0
Rewards rate: 1x
Welcome Bonus: 75,000 points
1st Year Value: $1,198

Pros

First Year Annual Fee Rebate
Welcome bonus of 75,000 points
Estimated 1st-year value of $1,198

Cons

High annual fee ($180)
Requires good credit

Best for: 1st Yr Fee Rebate

BMO Ascend World Elite Mastercard

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BMO Ascend World Elite Mastercard

BMO Mastercard BMO Rewards

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5.0Ratesopedia rating

The BMO Ascend World Elite Mastercard offers a first year annual fee rebate (regular fee $150/yr). It comes with a welcome bonus of 115,000 points. You earn 1x on groceries and 3x at restaurants. Estimated first-year value is $1,195.

Best of Month1st Yr Fee Rebate

Annual Fee: $150 $0
Rewards rate: 1x
Welcome Bonus: 115,000 points
1st Year Value: $1,195

Pros

First Year Annual Fee Rebate
Welcome bonus of 115,000 points
3x at restaurants
Estimated 1st-year value of $1,195

Cons

Requires good credit

Best for: 1st Yr Fee Rebate

BMO Ascend World EliteBusiness Mastercard

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BMO Ascend World EliteBusiness Mastercard

BMO Mastercard BMO Rewards

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5.0Ratesopedia rating

The BMO Ascend World EliteBusiness Mastercard offers a first year annual fee rebate (regular fee $149/yr). It comes with a welcome bonus of 100,000 points. You earn 1.5x on groceries and 1.5x at restaurants. Estimated first-year value is $1,063.

Best of Month1st Yr Fee Rebate

Annual Fee: $149 $0
Rewards rate: 1.5x
Welcome Bonus: 100,000 points
1st Year Value: $1,063

Pros

First Year Annual Fee Rebate
Welcome bonus of 100,000 points
Estimated 1st-year value of $1,063

Cons

Fewer premium perks

Best for: 1st Yr Fee Rebate

Scotia Momentum Visa Infinite + Card

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SponsoredScotia Momentum Visa Infinite + Card

Scotia VisaCash Back

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4.8Ratesopedia rating

The Scotia Momentum Visa Infinite + Card offers a first year annual fee rebate (regular fee $120/yr). It comes with a welcome bonus of $300. You earn 4x on groceries and 1x at restaurants. Estimated first-year value is $1,025.

Best of Month1st Yr Fee Rebate

Annual Fee: $120 $0
Rewards rate: 1x
Welcome Bonus: $300
1st Year Value: $1,025

Pros

First Year Annual Fee Rebate
Welcome bonus of $300
4x on groceries
Estimated 1st-year value of $1,025

Cons

Fewer premium perks

Best for: 1st Yr Fee Rebate

BMO eclipse Visa Infinite Card

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FeaturedBMO eclipse Visa Infinite Card

BMO Visa BMO Rewards

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4.6Ratesopedia rating

The BMO eclipse Visa Infinite Card offers a first year annual fee rebate (regular fee $120/yr). It comes with a welcome bonus of 70,000 points. You earn 5x on groceries and 5x at restaurants. Estimated first-year value is $951.

1st Yr Fee Rebate

Annual Fee: $120 $0
Rewards rate: 1x
Welcome Bonus: 70,000 points
1st Year Value: $951

Pros

First Year Annual Fee Rebate
Welcome bonus of 70,000 points
5x on groceries
5x at restaurants

Cons

Requires good credit

Best for: 1st Yr Fee Rebate

TD Cash Back Visa Infinite Card

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TD Cash Back Visa Infinite Card

TD VisaCash Back

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4.3Ratesopedia rating

The TD Cash Back Visa Infinite Card offers a first year annual fee rebate (regular fee $139/yr). It comes with a welcome bonus of $350. You earn 3x on groceries and 1x at restaurants. Estimated first-year value is $918.

Best of Month1st Yr Fee Rebate

Annual Fee: $139 $0
Rewards rate: 1x
Welcome Bonus: $350
1st Year Value: $918

Pros

First Year Annual Fee Rebate
Welcome bonus of $350
3x on groceries
Estimated 1st-year value of $918

Cons

Requires good credit

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Complete Guide

Best First Year Free Credit Cards in Canada

Premium cards with no fee in year one. Get welcome bonuses, insurance, and perks risk-free.

First year free cards let you experience premium benefits — welcome bonuses, travel insurance, airport lounge access — without paying the annual fee in year one. It's a risk-free way to test whether a premium card is worth it for your spending habits.

30

Cards analyzed

Jun 2026

Last updated

100%

Independent

Methodology

Our team evaluates credit cards based on overall consumer value: rewards earning rates, annual fees, welcome bonuses, insurance coverage, and additional perks. Cards are ranked by estimated first-year value. We update our picks monthly.

📊Real data

🔄Updated regularly

⚖️Unbiased review

🎯Transparent criteria

FAQ

Frequently Asked Questions

1Should I cancel after the first free year?

Calculate your annual rewards minus the fee. If rewards exceed the fee, keep it. If not, downgrade to a no-fee card from the same issuer to preserve your credit history.

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