Fees
Canadian credit card fees explained
Know which annual, foreign-currency, cash-advance, balance-transfer and late-payment costs to compare.
Reviewed and updated August 12, 2026
Annual fees are only one line
An annual fee can be worthwhile when benefits and rewards exceed the cost for your actual spending. Include supplementary-card fees and the value of benefits you would otherwise buy, not marketing values you would never use.
Transaction fees can be easy to miss
Foreign-currency purchases, cash advances and balance transfers may add a percentage or fixed charge. Interest may also start on a different date than it does for ordinary purchases.
A $0 fee does not mean a $0 cost
Interest is usually the largest cost when a balance is carried. Compare borrowing rates first if you do not expect to pay the full statement balance each month.