No-Fee Cards · March 2026

Best No-Fee Credit Cards Canada 2026

Q: Can I get a no-fee credit card with no credit history in Canada?

a no-fee card is the easiest option — it's not technically a credit card but earns cashback like one, with no credit check and $20 signup bonus (code BREMO2026). For a secured credit card with no fee, Neo Financial's secured card has no annual fee and reports to Equifax/TransUnion to build your credit.

Premium credit cards charge $120–$599/year in fees. You don't need to pay a single dollar to earn great cashback — here are the best $0-annual-fee cards in Canada.

Annual fee on every card on this list

No fee everyday banking

Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.

See how it works

Best No-Fee Credit Cards in Canada

KOHO — Best no-credit-check option ($20 bonus)

No credit check · $0/month · 1% cashback everywhere · $20 bonus

KOHO isn't technically a credit card (it's a prepaid Visa) but earns 1% cashback on all purchases — no credit check, no income requirement. The $20 signup bonus (code BREMO2026) beats every no-fee credit card on this list. Plus: free credit score monitoring to help you qualify for a real credit card. Best first step for anyone with no or low credit.

🎁 $20 signup bonus — code BREMO2026 — no credit check

Get KOHO — $100 free →

Tangerine Money-Back Mastercard — Best no-fee cashback card

2% in 3 categories · No annual fee · $150 welcome bonus

Canada's best traditional no-fee cashback card. 2% cashback in up to 3 chosen categories: groceries, restaurants, gas, recurring bills, entertainment, hotel/motel, home improvement, public transit. 0.5% on everything else. $150 welcome bonus (3% cashback in first 3 months on up to $5,000). Monthly cashback credited automatically. Apply online, no branch needed.

2% in 3 categories — best no-fee cashback in Canada

Neo Financial World Mastercard — Best partner cashback rates

Up to 5% at 10,000+ Neo partners · Guaranteed minimum rates

Neo Financial earns up to 5% cashback at partner merchants (Esso, Home Depot, Booster Juice, and 10,000+ Canadian businesses). Guaranteed minimum 1% everywhere else. No annual fee. Apply entirely online. Neo uses alternative credit data for approval — good for newcomers and younger applicants. Instant virtual card on approval.

Up to 5% at Neo partner merchants

Brim World Mastercard — Best for no FX fees (no annual fee)

No FX fees · No annual fee · 1% cashback everywhere

Brim is one of the only no-fee cards in Canada with no foreign transaction fees — saving you 2.5% on every international purchase. 1% cashback on all purchases. Brim Rewards program with partner offers. Solid app with spending insights. Best for Canadians who travel occasionally but don't want to pay for a premium travel card.

Only no-fee card with no FX fees in Canada

MBNA True Line Mastercard — Best for carrying a balance

8.99% purchase APR intro · No annual fee · Low interest

If you occasionally carry a balance, MBNA True Line has a low 12.99% standard purchase APR (vs 19.99% on most cards) and introductory promotional rates. No annual fee. No cashback or rewards — purely a low-interest card. Best for Canadians paying off existing credit card debt who need a no-fee card without 20% interest.

Best low-interest no-fee option for balance carriers

Simplii Financial Cash Back Visa — Best bank-backed no-fee card

4% restaurant · 1.5% pharmacy/gas · No annual fee

Simplii (a CIBC subsidiary) offers 4% cashback at restaurants and bars, 1.5% at gas stations, pharmacies, and pre-authorized payments, 0.5% everywhere else. No annual fee. CIBC ATM access. Solid option for Canadians who eat out frequently and want a no-fee card from a bank they recognize.

4% at restaurants — no annual fee

No-Fee Card Comparison

Card	Annual Fee	Best Earn Rate	No FX Fee?	Credit Check?
KOHO	$0	1% everywhere + $20 bonus	Premium only	No
Tangerine	$0	2% in 3 categories	No	Yes
Neo Mastercard	$0	Up to 5% at partners	No	Soft check
Brim World	$0	1% everywhere	Yes	Yes
MBNA True Line	$0	No cashback	No	Yes
Simplii Visa	$0	4% restaurant	No	Yes

Frequently Asked Questions

What is the best no-fee credit card in Canada?

The Tangerine Money-Back Mastercard is Canada's best true no-fee credit card — 2% cashback in up to 3 chosen categories, no annual fee, and a $150 welcome bonus. KOHO (no credit check, $20 bonus with code BREMO2026) is the best option for those who can't qualify for a traditional credit card yet.

Is there a no-fee credit card with good cashback in Canada?

Yes. Tangerine Money-Back Mastercard: 2% in 3 categories, no fee. Neo Financial World Mastercard: up to 5% at Neo partners, no fee. Simplii Financial Cash Back Visa: 4% at restaurants, no fee. KOHO: 1% everywhere, no fee, $20 bonus.

Can I get a no-fee credit card with no credit history in Canada?

KOHO is the easiest option — it's not technically a credit card but earns cashback like one, with no credit check and $20 signup bonus (code BREMO2026). For a secured credit card with no fee, Neo Financial's secured card has no annual fee and reports to Equifax/TransUnion to build your credit. Once your score is above 650+, apply for Tangerine or Neo's regular card.

Should I get a no-fee credit card or a premium card?

Start with a no-fee card (Tangerine + KOHO for the $20 bonus). Only upgrade to a premium card if the extra rewards justify the fee. Example: Scotia Passport Visa Infinite ($150/year) saves you 2.5% on FX — you need to spend $6,000+ internationally per year to break even on the fee vs Brim (no fee, no FX). For most Canadians, no-fee cards + Scotiabank bonus is the optimal strategy.

Related guides

No credit check — $100 free — $0 fees

KOHO code BREMO2026 · 1% cashback · Free credit score · No annual fee

Get KOHO — code BREMO2026 →

Disclosure: Bremo earns referral commissions on KOHO signups. Credit card terms subject to change. Information as of March 2026.