Top credit cards with $0 annual fee. Earn cash back and rewards without paying a yearly charge.
The RBC ION Visa Card has no annual fee, making it risk-free to hold. It comes with a welcome bonus of 14,000 points. You earn 1.5x on groceries and 1x at restaurants. Estimated first-year value is $686.
RBC Avion Rewards
The American Express Green Card has no annual fee, making it risk-free to hold. It comes with a welcome bonus of 10,000 points. You earn 1x on groceries and 1x at restaurants. Estimated first-year value is $549.
Amex Membership Rewards
The MBNA Rewards Platinum Plus Mastercard has no annual fee, making it risk-free to hold. It comes with a welcome bonus of 10,000 points. You earn 2x on groceries and 2x at restaurants. Estimated first-year value is $534.
MBNA Rewards
The MBNA Rewards Platinum Plus Mastercard has no annual fee, making it risk-free to hold. It comes with a welcome bonus of 10,000 points. You earn 2x on groceries and 2x at restaurants. Estimated first-year value is $534.
MBNA Rewards
The Scotiabank American Express Card has no annual fee, making it risk-free to hold. It comes with a welcome bonus of 5,000 points. You earn 2x on groceries and 2x at restaurants. Estimated first-year value is $482.
Scene+
The SimplyCash Card from American Express has no annual fee, making it risk-free to hold. It comes with a welcome bonus of $100. You earn 2x on groceries and 1.25x at restaurants. Estimated first-year value is $442.
Cash Back
The BMO CashBack Business Mastercard has no annual fee, making it risk-free to hold. It comes with a welcome bonus of $125. You earn 0.75x on groceries and 0.75x at restaurants. Estimated first-year value is $427.
Cash Back
The PC World Mastercard has no annual fee, making it risk-free to hold. It comes with a welcome bonus of 20,000 points. You earn 20x on groceries and 10x at restaurants. Estimated first-year value is $426.
PC Optimum
The Simplii Financial Cash Back Visa Card has no annual fee, making it risk-free to hold. It comes with a welcome bonus of $100. You earn 1.5x on groceries and 4x at restaurants. Estimated first-year value is $426.
Cash Back
The PC World Elite Mastercard has no annual fee, making it risk-free to hold. It comes with a welcome bonus of 20,000 points. You earn 30x on groceries and 10x at restaurants. Estimated first-year value is $420.
PC Optimum
Complete Guide
Top credit cards with $0 annual fee. Earn cash back and rewards without paying a yearly charge.
No annual fee credit cards let you earn rewards without paying a yearly charge. While earn rates are typically lower than premium cards, the $0 cost means every reward is pure profit.
No-fee cards are ideal as a secondary card for specific categories, for building credit history, for students, or for anyone who wants rewards without commitment. They're also great as a "sock drawer" card to maintain credit history length.
72
Cards analyzed
Jun 2026
Last updated
100%
Independent
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.
FAQ
The Tangerine Money-Back offers 2% cash back in 2-3 categories of your choice with no annual fee — one of the best no-fee options available.
Yes. Cards like the BMO CashBack, PC Financial Mastercard, and Simplii Cash Back Visa all offer competitive rewards with $0 annual fee.
Compare the best credit cards in Canada or calculate which card's rewards actually fit your budget.
