Best No Foreign Transaction Fee Credit Cards in Canada

Most Canadian credit cards quietly charge a 2.5% foreign transaction fee on every purchase made in a non-Canadian currency — whether you're abroad or just shopping on a US website. A no-FX-fee card eliminates that surcharge entirely. For frequent travellers or anyone who shops online from US retailers, the savings can easily exceed a card's annual fee within a few months.

Top 6 No Foreign Transaction Fee Cards in Canada

Annual fees and earn rates current as of 2026. Always confirm terms with the issuer before applying.

1

Rogers Red Mastercard

3% cash back on all USD purchases, 1.5% on everything else in Canadian dollars, and no annual fee. The 3% earn rate on US transactions exceeds the standard 2.5% FX surcharge — so not only are you not paying the fee, you're netting 0.5% on top. The best no-fee card for USD online shopping.

No annual fee
2

Scotiabank Passport Visa Infinite

No foreign transaction fee plus 3x Scene+ points on dining and entertainment, 2x on groceries and transit, 1x on all other purchases. Includes six complimentary airport lounge visits per year through Visa Airport Companion. The strongest all-around travel card with no FX surcharge.

$150/yr
3

HSBC World Elite Mastercard

No foreign transaction fee with 6x HSBC Rewards points on travel spending, 4x on dining and entertainment, and 2x on everything else. Points are transferable to airline partners. Offers a substantial annual travel credit that partially offsets the annual fee for frequent travellers.

$149/yr
4

Brim World Elite Mastercard

No foreign transaction fee and 2x Brim points on every purchase with no category restrictions. Points can be redeemed as a statement credit at any merchant, giving genuine flexibility. Includes Mastercard lounge access and comprehensive travel insurance. A strong choice for those who prefer simple, flat earn rates.

$199/yr
5

Fido Mastercard

No foreign transaction fee with 4% cash back on eligible US dollar purchases, 1.5% on Canadian dollar spending, and no annual fee. Available to Fido wireless subscribers. Competitive with the Rogers Red card — both are issued by Rogers Bank and share a similar structure, so compare based on your existing wireless provider.

No annual fee
6

TD First Class Travel Visa Infinite

No foreign transaction fee plus 8x TD points on travel booked through Expedia for TD, 6x on dining purchases, and 2x on all other spending. Includes a $100 annual TD travel credit and comprehensive travel insurance. The TD Points program offers competitive redemption values for flights and hotels.

$139/yr

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