Best no annual fee cash back credit card in Canada for 2019 award seal

You know that old saying, "you can’t get something for nothing"? Well, no fee cash back credit cards seem to shatter that theory.

Cash back with no strings attached.

And assuming you’re paying your bill on time, and avoiding any pricey interest fees, you’re getting that cash completely free.

When it comes to perks and benefits, you usually get what you pay for: higher annual fee = more perks and rewards.

But not everyone can stomach annual fees. And in some cases, it makes the most sense to stick to no fees, i.e.:

  • when you rarely use a credit card,
  • when simple math shows projected rewards won’t cover the annual fee,
  • when you prefer NOT to track the cost against benefits, or
  • when you already have a premium card and you’re looking for a card to pair with it.

Plus, sometimes free is just a straight-up no-brainer.

Best no fee cash back credit cards for 2019

Here are a few no fee cards you should take a closer look at:

Best no fee cash back card Rogers World Elite Mastercard
Best flexible no fee cash back card Tangerine Money-Back Credit Card
Best no fee cash back American Express SimplyCash™ Card from American Express
Best no fee cash back Visa Home Trust Preferred Visa

Review all 10 top no fee cash back cards here.

No fee credit card perks

Just because you’re opting for a no fee credit card, you don't need to forgo all the fancy perks that premium credit cards offer.

In fact, some no fee credit cards still come with:

  • insurance,
  • referral bonuses,
  • low interest rates,
  • sign up bonuses,
  • 0% foreign exchange fees, and
  • discounts on purchases.

So, when looking for a no fee credit card, it pays to shop around – no need to settle for just any card.

Best no fee cash back credit card

The best no fee cash back credit card award goes to the .

Why? It's all in the earn rates. Get 1.75% cash back on all of your purchases. No other no fee card can come close. Plus, earn 2% cash back on Rogers products, and get 4% cash back on any purchases you make in a foreign currency. And, redeem your cash back against any purchase you make that's over $20.

Add it all up, and Rogers has a winner.

The downside to this card? It has high income requirements – $80,000 personal or $150,000 household, something no other card on this list has. If you can't meet them, one of the other cards will be better suited for you.

Best flexible no fee cash back credit card

The definitely stands out amongst its competitors because it works a little differently than other cards. It allows cardholders to choose which categories they can earn higher cash back rates based on their spending habits.

Here’s how it works: You get 2% cash back on up to 3 spending categories you choose. That means if the biggest chunk of your budget goes towards gas and groceries, you can earn 2% cash back on gas and groceries.

And one of the best parts? You are able to change your categories if your spending habits change. So, if you buy a bike, and gas is no longer one of your expenses, you can easily change that category to restaurants, or entertainment, or something else.

Best no fee cash back American Express credit card

The best American Express cash back card in Canada right now, coming in as a really close second, is the .

You’ll earn a solid 1.25% cash back on all purchases. Plus, for the first 3 months, you will get 2.5% cash back (up to $150 earned) – that’s $75 more than you’d normally get. And, as an added bonus, this Amex card will also give you a referral bonus of $100 for any approved referrals you send their way (up to $1,500 annually).

On top of all that, cardholders are given:

  • 3 types of insurance,
  • American Express Invites and Front of the Line access, and even
  • an introductory balance transfer rate of 1.99% for 6 months.

Best no fee cash back Visa credit card

The best Visa card on our list, the , has a lot of things going for it. This card offers cardholders 1% cash back on all purchases – no limits, no restrictions.

And while that's pretty nice for a no fee card, that isn’t even where this card really shines. Not only does it offer cardholders complimentary (though slightly limited) roadside assistance, but it also has no foreign currency exchange fee – and for the world-traveler and online-shopper alike…that 2.5% in savings is a pretty great deal.

Check out our complete list of the top 10 best no fee cash back credit cards, so you get the best of free there is.

Compare No Fee Cash Back Credit Cards

The creditcardGenius algorithm calculates an estimated dollar value for all rewards and bonuses by using a typical point value a person can realistically achieve by redeeming their rewards in a reasonably optimized way. The "Welcome Bonus" is the dollar value obtained by combining of all one-time bonuses available to new cardholders within the first year. To qualify for the full bonus you may need to make purchases, meet minimum spending requirements, or complete special actions. Terms and conditions apply.

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