Almost every Canadian card adds 2.5% to anything bought in another currency, including things bought online from a Canadian looking website that bills in US dollars. The cards on this page do not. It is the shortest list on the site and the easiest saving to calculate.
We track 5 credit cards with no foreign transaction fee in Canada, 0 of them with no annual fee. Every figure here comes from the issuer’s own published pages and terms, last checked 18 August 2026. Where an issuer does not publish something we leave it blank rather than guess, which is explained on how we research.
How we picked
- A foreign transaction fee the issuer publishes as 0%. Cards whose issuer does not publish the fee at all are excluded rather than assumed to be free, which is the rule the whole site runs on.
- The exchange rate itself is not included, because no issuer publishes their margin over the network rate and we will not estimate one.
- What the card is like as an everyday card, since a card used only abroad has to justify its fee on a few weeks of the year.
The 5 best credit cards with no foreign transaction fee
Scotiabank Gold American Express Card
Scotiabank$120 a year5x on groceriesNo foreign transaction fee
Best all-rounder
Five points a dollar on groceries, dining and entertainment with no foreign transaction fee, for $120. Nothing else here does all three. The catch is that it is an Amex, so it will be refused where a Visa would not.
Wealthsimple Visa Infinite + Credit Card
Wealthsimple$240 a year2% on everythingNo foreign transaction fee
Best flat rate card for Wealthsimple clients
A flat 2% on everything with no foreign transaction fee, which is the best combination on this list. The catch is that the $240 fee is billed monthly and only disappears while you keep $100,000 with Wealthsimple.
Read the full Wealthsimple Visa Infinite + Credit Card review
Scotiabank Platinum American Express Card
Scotiabank$399 a year2x on everythingNo foreign transaction fee
$399 for a flat 2 points a dollar, no foreign transaction fee, ten lounge visits and a 9.99% interest rate. An unusual combination that suits a specific reader very well.
Read the full Scotiabank Platinum American Express Card review
Wealthsimple Visa Infinite Privilege Credit Card
Wealthsimple$240 a year2% on everythingNo foreign transaction fee
The same 2% and the same $240 fee as the Infinite +, with better insurance and six lounge visits. You are paying the same money for benefits, not for a higher earn rate.
Read the full Wealthsimple Visa Infinite Privilege Credit Card review
Scotiabank Passport Visa Infinite Card
Scotiabank$150 a year2x on groceriesNo foreign transaction fee
Best for travellers who want a Visa
No foreign transaction fee and six free lounge visits a year on a Visa. The earn rates are ordinary, so this is a card you buy for the travel perks, not the points.
Questions people ask
- Which is the best of the credit cards with no foreign transaction fee in Canada?
- On our ranking it is the Scotiabank Gold American Express Card. That is our opinion rather than a fact, built from the criteria at the top of this page, and the runners up are close enough that your own spending can reorder them.
- How often is this page updated?
- It is generated from our card database every time it loads, so it reflects whatever we last verified rather than whenever somebody last edited an article. Each card carries its own verification date.
- Do you earn money from these links?
- On some cards, yes, and it is disclosed on the card page next to the button. It does not change the ranking, which is why the ranking rules are published rather than described as a proprietary score.
Other lists
- Best cash back credit cards in Canada
- Best travel credit cards in Canada
- Best student credit cards in Canada
- Best no annual fee credit cards in Canada
- Best credit cards for groceries in Canada
Comparing something other than credit cards with no foreign transaction fee? Compare every personal card on your own spending, look at business cards, or browse the full directory.