Best No Annual Fee Credit Cards in Canada
The best no annual fee credit card in Canada on this site is the SimplyCash Card from American Express because it has no annual fee and 2% cash back on Gas (eligible stations in Canada).
No annual fee credit cards provide rewards and benefits without the cost of a yearly fee. While they may have lower earn rates than premium cards, they can be excellent choices for light spenders or as secondary cards. Many offer competitive rewards in specific categories.
Last updated October 9, 2026Source: SimplyCash Card from American Express issuer page
Key facts
- Annual fee
- $0
- Purchase interest rate
- 21.99%
- Cash advance rate
- 21.99%
- Earn rates
- 2% cash back on Gas (eligible stations in Canada); 2% cash back on Grocery (Up to $300 cash back/year ($15,000 spend), then 1.25%); 1.25% cash back on All other purchases
- Welcome offer
- Up to $100 bonus cash back
- Foreign transaction fee
- Not listed
- Income requirement
- Not listed
How do we rank no annual fee cards?
No-annual-fee cards are listed by estimated net annual value on our published spend profile (rewards minus the $0 fee), highest first. Overall score is the tie-breaker.
Frequently asked questions
How We Rank
No-annual-fee cards are listed by estimated net annual value on our published spend profile (rewards minus the $0 fee), highest first. Overall score is the tie-breaker.
Read our full methodology →