Best No Foreign Transaction Fee Credit Cards in Canada for 2021

 
Details
Annual Fee: $129
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%
Recommended Credit Score
Average to Excellent (670-900)
Why we like it?
  • Generous sign-up bonus
  • Flexible redemption options
  • Travel convenience
  • Additional protection
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Why we like it

With a generous rewards rate of 5 points per dollar on gas, groceries, restaurants and entertainment, the Scotiabank Gold American Express Card will help make your travel plans a reality. Plus, with a flexible points program, you can book you flights on your own schedule.

  • Generous sign-up bonus -The Scotiabank Gold American Express® offers a way for new cardholders to quickly stockpile points. It lets you earn 20,000 bonus points in your first year. 
  • Flexible redemption options - With the Scotia Rewards Program, you can book your travel with any airline or hotel through its full-service travel agency. You can use your points to cover the whole cost of the trip, including taxes and fees, or combine your points and a charge to your card. Points can also be used to book hotels and rental cars.
  • Travel convenience - Added features such as rental car discounts and hotel room upgrades are designed to make travel as convenient and comfortable as possible.
  • Additional protection - This Amex credit card provides has one of the most comprehensive travel protection benefits with insurance against flight delays and lost baggage even insurance against burglaries.
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Scotiabank Gold American Express® Card review

Great reasons to get the Scotiabank Gold American Express Card for your everyday purchases.

Earn 20,000 bonus Scotia Rewards points with your first $1,000 in everyday purchases in first 3 months†

5x

eat in & eat out

Earn 5x Scotia Rewards points for every $1 CDN spent on eligible grocery stores, restaurants, fast food, and drinking establishments. Includes popular food delivery and food subscriptions.

watch & cheer

Earn 5x Scotia Rewards points for every $1 CDN spent on eligible entertainment purchases. Includes movies, theatre, and ticket agencies.


3x

ride & drive

Earn 3x Scotia Rewards points for every $1 CDN spent on eligible gas and daily transit.Includes rideshare, buses, taxis, subway, and more.

listen & stream

Earn 3x Scotia Rewards points for every $1 CDN spent on eligible select streaming services.

1x

everything else

Earn 1xScotia Rewards point for every $1 spent on every other purchase.

Details
Annual Fee: $0
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 19.99%
Recommended Credit Score
Average to Excellent (670-900)
Why we like it?
  • No annual fee
  • No foreign exchange fees
  • 1% Cash back rewards on eligible purchases
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Why we like it

With no foreign transaction fee and no annual fee in one credit card, what’s not to like about the Home Trust Preferred Visa? And because this is a no fee credit card, all benefits come free.

Why We Like It:

  • No annual fee – You can try it for free.
  • No foreign exchange fees – 0% foreign currency conversion charge when shopping abroad. It’s perfect for online and cross-border purchases – saving you 2.5% of the total cost.

  • 1% Cash back rewards – Regardless of the category, this credit card gives 1% cash back on all eligible purchases. The total cash back balance is credited to your account at the start of each year.
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Home Trust Preferred Visa Card Review

The Preferred Visa from Home Trust is a great credit card that doesn't charge a foreign transaction fee, this card helps cardholders to save 2.5% each time they make a purchase in any foreign currencies either online or in store.

This Home Trust Visa is a great cash back card that allows cardholders to earn 1% cash back1 on all eligible purchases


  • No annual fee
  • 1% CashBack on all eligible purchases
  • No foreign currency conversion surcharges2

1 CashBack Rewards are issued on all purchases made in Canadian dollars. Cash advances, balance transfers, interest, fees and foreign transactions (including online purchases in foreign currencies) are not eligible for CashBack Rewards.

This credit card product is not available in Quebec
Details
Annual Fee: $149
Purchases Interest Rate: 19.9%
Cash Advance Interest Rate: 22.9%
Recommended Credit Score
Average to Excellent (670-900)
Why we like it?

No foreign transaction fees

$100 annual travel enhancement credit

31-day insurance coverage

Mastercard Airport Experiences 

Get unlimited Wi-Fi through Boingo 

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Why we like it

Earn 3% in travel rewards on all eligible travel purchases(6 Points per $1) and 1.5% in travel rewards on all other eligible purchases(3 Points per $1).

This card comes with no foreign transaction fees, 31-day emergency travel medical insurance coverage, a 10% discount on hotel bookings, unlimited Wifi through Boingo, extended warranty, purchase assurance, and $100 travel enhancement credit.

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HSBC World Elite® Mastercard® Review 2021

Welcome Bonus of 20,000 Points (up to $100 value) PLUS apply by September 27th and get an additional 20,000 Points (up $100 value) when you spend $5,000 within 6 months of account opening*, and get a 1st Year annual fee waiver for Primary Cardholder*($149 value/$99 value), earn 10,000 Points (up to $50 value) for adding your 1st Authorized User*, and receive an additional 20,000 Points (up to $100 value) as an Anniversary Bonus*


This offer is only available to residents of Canada other than the province of Quebec (Quebec residents eligible for separate offer)


Rewards and benefits
  • No foreign transaction fees
    Save on all your foreign currency purchases (even online) with no additional foreign currency conversion charges. Only the exchange rate will apply.

  • HSBC World Elite Rewards Program
    Earn 3% in travel rewards on all eligible travel purchases(6 Points per $1) and 1.5% in travel rewards on all other eligible purchases(3 Points per $1).

    *Terms and Conditions apply

    ®/TM Mastercard and World Elite are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Used pursuant to licence

Author Bio

User
Mohamed Konate

Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook.