Best No Fee Credit Cards in Canada This November 2025
Financial flexibility is evolving rapidly for Canadian consumers seeking smart spending solutions. Travel rewards programs are becoming increasingly competitive, with strategic no-fee credit cards offering unprecedented value. According to J.D. Power, 62% of Canadian credit card holders now prioritize cards with zero annual fees. Understanding the credit card landscape can help consumers maximize their financial potential without unnecessary costs.
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Summary Table for Best No Fee Credit Cards in Canada This November 2025
| Card | Annual Fee | Welcome Bonus | Best For | Apply |
|---|---|---|---|---|
|
Scotiabank American Express® Card Travel Rewards |
$120 (first year waived) | Up to 50,000 bonus Scene+ points | Travel Rewards | Apply |
|
CIBC Dividend® Visa* Card Cash Back |
$0 | 5% cash back for first 4 statements (up to $100) | Cash Back | Apply |
|
TD Cash Back Visa* Card Cash Back |
$0 | $50 in Cash Back Dollars | Cash Back | Apply |
|
Tangerine Money-Back Credit Card Cash Back |
$0 | 10% cash back for first 2 months (up to $100) | Cash Back | Apply |
|
RBC No Fee Credit Cards Travel Rewards |
$0 | 4,000 Welcome Points | Travel Rewards | Apply |
|
BMO CashBack Mastercard Cash Back |
$0 | 5% cash back first 3 months | Cash Back | Apply |
|
Home Trust Secured Visa* Card Students |
$59 | No welcome bonus | Students | Apply |
|
MBNA Rewards World Elite® Mastercard® Travel Rewards |
$120 | 30,000 bonus MBNA Rewards Points | Travel Rewards | Apply |
|
President's Choice Financial® World Elite Mastercard® Travel Rewards |
$120 (first year waived) | 20,000 PC Optimum points | Travel Rewards | Apply |
|
Tangerine World Mastercard® Cash Back |
$0 | 10% cash back on first $1,000 spent | Cash Back | Apply |
1. Scotiabank American Express® Card
The Scotiabank American Express® Card offers an exceptional rewards program with attractive earn rates across multiple spending categories, making it an ideal choice for Canadian consumers looking to maximize their points on everyday purchases.
Scotiabank American Express® Card
- No travel restrictions on rewards
- Flexible points redemption
- Special offers and benefits
- Travel and purchase insurance
Pros
- No annual fee in first year
- High earn rates on everyday spending
- Flexible points redemption
- Travel and purchase insurance
Cons
- $120 annual fee after first year
- Requires minimum $12,000 personal income
- Limited to Scene+ rewards ecosystem
Why is it Our Top Pick?
The Scotiabank American Express® Card stands out with its impressive welcome bonus of up to 50,000 Scene+ points and strong earning potential across key spending categories. Its first-year annual fee waiver and comprehensive rewards program make it an exceptional value for consumers seeking maximum points on everyday purchases.
2. CIBC Dividend® Visa* Card
The CIBC Dividend® Visa* Card provides an attractive cash back rewards program with no annual fee, making it an excellent choice for budget-conscious consumers looking to earn rewards on everyday spending.
CIBC Dividend® Visa* Card
- No annual fee
- Cash back on everyday essentials
- Simple rewards structure
- Additional cardholder at no cost
Pros
- No annual fee
- High cash back rates on key categories
- Easy-to-understand rewards program
- Welcome bonus for new cardholders
Cons
- Limited bonus categories
- Lower earn rate on non-category spending
- Cash back has annual cap
- Higher interest rates compared to some competitors
3. TD Cash Back Visa* Card
The TD Cash Back Visa* Card offers a no-annual-fee credit card with attractive cash back rewards, making it an excellent choice for budget-conscious consumers seeking to earn money back on everyday purchases without additional costs.
TD Cash Back Visa* Card
- No annual fee
- Purchase protection
- Extended warranty insurance
- Minimum payment: Greater of 5% of balance or $10
Pros
- No annual fee
- No minimum income requirement
- Simple cash back structure
- Complimentary insurance benefits
Cons
- Limited bonus categories
- Relatively standard cash back rates
- High interest rate at 21.99%
4. Tangerine Money-Back Credit Card
The Tangerine Money-Back Credit Card provides a flexible cash back rewards system with no annual fee, allowing cardholders to customize their earning categories and maximize their savings on everyday purchases.
Tangerine Money-Back Credit Card
- No annual fee
- Customizable 2% cash back categories
- 10% welcome bonus for first two months
- No limit on cash back earnings
Pros
- Flexible reward categories
- No annual fee
- Simple cash back structure
- Welcome bonus offer
Cons
- Limited high-earn categories
- Relatively low base cash back rate
- Requires active category management
5. RBC No Fee Credit Cards
RBC offers versatile no-annual-fee credit cards designed to help Canadians earn rewards without extra costs. The RBC ION Visa stands out by allowing cardholders to earn Avion points on everyday essentials without paying an annual fee.
RBC No Fee Credit Cards
- No annual fee credit card
- Earn Avion points on everyday purchases
- Flexible rewards redemption
- Easy online account management
Pros
- Zero annual fee
- Multiple earning categories
- Welcome bonus points
- No minimum spending requirement
Cons
- Lower points earning rate compared to premium cards
- Limited travel redemption options
- Basic rewards structure
6. BMO CashBack Mastercard
BMO CashBack Mastercard offers an attractive no-annual-fee solution for Canadians seeking straightforward cash back rewards on everyday spending. With competitive cash back rates on groceries and bill payments, this card provides simple value without complex point systems.
BMO CashBack Mastercard
- No annual fee
- Introductory 0.99% balance transfer rate
- Flexible cash back redemption
- No complicated points system
Pros
- No annual fee
- High cash back on groceries
- Simple rewards structure
- Introductory balance transfer rate
Cons
- Cash back caps on bonus categories
- Relatively standard rewards
- No travel insurance benefits
7. Home Trust Secured Visa* Card
The Home Trust Secured Visa* Card is a specialized credit-building solution designed for Canadians looking to establish or rebuild their credit history. With flexible deposit options and no annual fee option, this card provides a strategic pathway to improving financial credibility.
Home Trust Secured Visa* Card
- Ideal for students, new Canadians, and those with past credit challenges
- Security deposit earns interest
- No credit history required for approval
- Option to choose between no annual fee or lower interest rate
Pros
- No annual fee option available
- Easy approval process
- Helps establish credit history
- Flexible deposit amounts
Cons
- No rewards or cashback
- Higher interest rate compared to traditional cards
- Requires security deposit
- Limited to Canadian residents
8. MBNA Rewards World Elite® Mastercard®
The MBNA Rewards World Elite® Mastercard® is a premium travel rewards card offering exceptional earning potential across multiple categories and comprehensive travel benefits. Designed for high-income earners, this card provides robust rewards and insurance protection.
MBNA Rewards World Elite® Mastercard®
- High-earning rewards structure
- Comprehensive travel insurance
- Mobile device insurance
- Airport lounge access
Pros
- Generous welcome bonus
- Multiple high-earning categories
- Comprehensive travel protection
- Flexible point redemption
Cons
- High annual income requirement
- $120 annual fee
- Additional card fee of $50
- Rewards may have redemption restrictions
9. President's Choice Financial® World Elite Mastercard®
The President's Choice Financial® World Elite Mastercard® offers a unique rewards program with high point-earning rates at PC stores, Shoppers Drug Mart, and Esso/Mobil stations. With no annual fee and a generous welcome bonus, this card provides exceptional value for frequent shoppers in the PC ecosystem.
President's Choice Financial® World Elite Mastercard®
- No annual fee for first year
- Out-of-province medical insurance
- Complimentary concierge service
- Car rental damage insurance
Pros
- No annual fee
- High point-earning rates
- Welcome bonus of 20,000 points
- Premium travel and insurance benefits
Cons
- Limited high-earn categories
- Less valuable for non-PC store shoppers
- High default interest rates
- Rewards primarily restricted to PC ecosystem
10. Tangerine World Mastercard®
The Tangerine World Mastercard® offers a flexible cash back rewards program with no annual fee, allowing cardholders to choose their top spending categories and earn up to 2% cash back. With additional perks and a generous welcome bonus, this card provides excellent value for everyday spending.
Tangerine World Mastercard®
- No annual fee
- Customizable cash back categories
- World Mastercard travel and purchase benefits
- Higher income requirement compared to basic Tangerine card
Pros
- No annual fee
- Flexible rewards program
- Easy to customize categories
- Additional insurance benefits
Cons
- Higher income requirement
- Limited to 2% in three categories
- Modest 0.5% cash back on other purchases
- Requires Tangerine banking relationship for maximum benefits
Final Words
Selecting the ideal financial product ultimately depends on your individual goals, spending patterns, and financial situation. We recommend comparing the features and benefits of our top picks, then taking action to optimize your financial strategy for the current market conditions.
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Frequently Asked Questions: Best No Fee Credit Cards in Canada This November 2025
What are the top no-fee credit cards with cash back rewards in Canada for 2025?
The Tangerine Money-Back Credit Card and TD Cash Back Visa* Card offer some of the best cash back rewards with zero annual fees in Canada this November.
Which no-fee credit card in Canada provides the most comprehensive rewards program?
The Scotiabank American Express® Card stands out as a top no-fee credit card with competitive rewards and benefits for Canadian consumers in 2025.
How can I choose the right no-fee credit card that matches my spending habits in Canada?
RBC No Fee Credit Cards offer flexible options with tailored rewards programs designed to match different spending profiles and lifestyle needs.
What are the credit score requirements for no-fee credit cards in Canada this November?
Most no-fee credit cards like CIBC Dividend® Visa* Card typically require a minimum credit score of 660 to qualify for approval.