Best No-Annual-Fee Credit Cards in Canada for August 2026

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $600 in annual rewards before fees and $525 in ongoing net value after quantified costs and benefits.

The downside: Actual value depends on your spending and redemption choices

Read our full review →

• 2% Cash back. 2% Money-Back Rewards on purchases in two categories of your choice or Deposit your Rewards into a Tangerine Savings Account and get a third 2% Money-Back Category.

• Cash back
• 2% Money-Back Rewards on purchases in two categories of your choice or Deposit your Rewards into a Tangerine Savings Account and get a third 2% Money-Back Category.
• FCAC annual-fee disclosure: First card: No fee Second card: No fee
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $600 in annual rewards before fees and $525 in ongoing net value after quantified costs and benefits.

The downside: Actual value depends on your spending and redemption choices

Read our full review →

• 2% Cash back. 2% Money-Back Rewards on purchases in two categories of your choice or Deposit your Rewards into a Tangerine Savings Account and get a third 2% Money-Back Category.

• Cash back
• 2% Money-Back Rewards on purchases in two categories of your choice or Deposit your Rewards into a Tangerine Savings Account and get a third 2% Money-Back Category.
• FCAC annual-fee disclosure: First card: No fee Second card: No fee
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $563 in annual rewards before fees and $488 in ongoing net value after quantified costs and benefits.

The downside: Actual value depends on your spending and redemption choices

Read our full review →

• 3% Earn 1.5%-3% cash back, depending on card tier, purchase currency and eligible Rogers services.

• Earn 1.5%-3% cash back, depending on card tier, purchase currency and eligible Rogers services.
• Rogers Bank issuer annual-fee disclosure: $0
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $300 in annual rewards before fees and $300 in ongoing net value after quantified costs and benefits.

The downside: Actual value depends on your spending and redemption choices

Read our full review →

• 1% 1% cash back

• 1% cash back
• Home Trust issuer annual-fee disclosure: $0
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $413 in annual rewards before fees and $338 in ongoing net value after quantified costs and benefits.

The downside: Actual value depends on your spending and redemption choices

Read our full review →

• 4% Earn up to 4% cash back on eligible purchases.

• Earn up to 4% cash back on eligible purchases.
• Simplii Financial issuer annual-fee disclosure: $0
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $876 in annual rewards before fees and $801 in ongoing net value after quantified costs and benefits.

The downside: Actual value depends on your spending and redemption choices

Read our full review →

• 8x Groceries Gas General merchandise. Earn 4 More Rewards points per $1 spent Earn 8 More Rewards points per $1 spent at More Rewards Partner Locations Earn 8 More Rewards points for every $1 spent on dining, gas and Electric Vehicle charging purchases when paying with your More Rewards RBC Visa credit card.*

• Groceries Gas General merchandise
• Earn 4 More Rewards points per $1 spent Earn 8 More Rewards points per $1 spent at More Rewards Partner Locations Earn 8 More Rewards points for every $1 spent on dining, gas and Electric Vehicle charging purchases when paying with your More Rewards RBC Visa credit card.*
• FCAC annual-fee disclosure: First card: No fee Second card: No fee
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $452 in annual rewards before fees and $377 in ongoing net value after quantified costs and benefits.

The downside: Actual value depends on your spending and redemption choices

Read our full review →

• 2% Cash back. Cash back is applied as a credit to your account annually and will appear on the statement issued in September of each year.

• Cash back
• Cash back is applied as a credit to your account annually and will appear on the statement issued in September of each year.
• FCAC annual-fee disclosure: First card: No fee Second card: No fee
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $408 in annual rewards before fees and $333 in ongoing net value after quantified costs and benefits.

The downside: Actual value depends on your spending and redemption choices

Read our full review →

• 3x Up to 4.5% back in PC Optimum points

• Up to 4.5% back in PC Optimum points
• President's Choice Financial issuer annual-fee disclosure: $0
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $408 in annual rewards before fees and $333 in ongoing net value after quantified costs and benefits.

The downside: Actual value depends on your spending and redemption choices

Read our full review →

• 3x 1x-3x Scene+ points

• 1x-3x Scene+ points
• Scotiabank issuer annual-fee disclosure: $0
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $408 in annual rewards before fees and $333 in ongoing net value after quantified costs and benefits.

The downside: Actual value depends on your spending and redemption choices

Read our full review →

• 3x 1x-3x Scene+ points

• 1x-3x Scene+ points
• Scotiabank issuer annual-fee disclosure: $0
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $750 in annual rewards before fees and $675 in ongoing net value after quantified costs and benefits.

The downside: Actual value depends on your spending and redemption choices

Read our full review →

• 5x Cash back. When you have this card, you can redeem rewards through Capital One online banking or by contacting Capital One.

• Cash back
• When you have this card, you can redeem rewards through Capital One online banking or by contacting Capital One.
• FCAC annual-fee disclosure: First card: No fee Second card: No fee
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, SK, YT

For the Toronto everyday spender ($30,000/year, pays in full); spend mix is applied consistently to every card, we estimate $375 in annual rewards before fees and $300 in ongoing net value after quantified costs and benefits.

The downside: Actual value depends on your spending and redemption choices

Read our full review →

• 2% Earn 1%-2% cash back, depending on card tier, purchase currency and eligible Rogers services.

• Earn 1%-2% cash back, depending on card tier, purchase currency and eligible Rogers services.
• Rogers Bank issuer annual-fee disclosure: $0
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT