Best No Foreign Transaction Fee Credit Cards in Canada for 2020

Brim MasterCard is the answer to people looking for the best no foreign transaction card. With no annual fee and lots of unique benefits, from mobile insurance to zero-interest financing plans to detailed budget tracking, this credit card leaves much to like. It’s one of the best Canadian credit cards for people who usually spend money overseas.

• No foreign transaction fee – With the foreign transaction fee in Canada averaging at 2.5%, this is a huge deal. This is equivalent to $100 savings when you spend $4000 on a trip.
• Maximum returns on your favorite shops – This card gives you more points for shopping on places you frequent most. For example, if you’re a regular at a local coffee shop, you’ll earn more points each time you visit. Same goes to restaurants, groceries, and gas stations.
• Free global Wi-Fi – Using this card gives you access to over 1 million Boingo hotspots worldwide.
• Flexible rewards – Points are exchanged as cashback or as goods in the online catalogue.
• Protection – This credit card helps you protect what’s valuable to you with its mobile phone, event ticket and travel insurance.

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.

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, including free roadside assistance in Canada.

Why We Like It:

• No annual fee – You can try it for free, and you don’t need to shell out $100 to keep it.
• No foreign transaction fee – 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 with NO limit and restriction on how much you can earn each year. The total cash back balance is credited to your account at the start of each year.
• Free roadside assist membership – 24/7 Free roadside assistance includes free 5-litre gas delivery, emergency towing services up to 5 km away, key lock-out, tire service, and battery boosting.
• Sufficient protection – Insurance covers auto rental collision and loss as well as purchase protection.