Best No Foreign Transaction Fee Credit Cards in Canada (2026)

Our data has 35 cards. 2 list a 0% foreign transaction fee. They are ranked here by overall score, highest first — the same formula as How we rank, not a hand-typed travel ranking.

Net annual value is estimated rewards on the published spend profile minus the listed annual fee. It is not a trip-spend estimate.

27 of 29 cards that list an FX fee charge 2.5%. Scotiabank’s Gold Amex and Passport pages call 2.5% the typical issuer mark-up and say those two cards do not charge it — only the exchange rate applies.

The fee is a percentage of the Canadian-dollar amount after conversion. On $2,000 of foreign-currency spend: $2,000 × 2.5% = $2,000 × 0.025 = $50.

A 0% FX card still converts the currency. You avoid the issuer mark-up, not the exchange rate itself.

6 cards in our data do not list a foreign transaction fee (American Express Aeroplan Reserve Card, Marriott Bonvoy American Express Card, MBNA Rewards Platinum Plus Mastercard, MBNA Smart Cash World Mastercard, SimplyCash Card from American Express, and SimplyCash Preferred Card from American Express). We show those as “Not listed” on /data and drop the FX component from their score instead of assuming 2.5% or 0%. They are not in the 0% ranking above.

If an issuer page later lists 0%, we can add the card. Until then, missing is missing.

Scotiabank Gold American Express Card: American Express, $120 annual fee, score 4.7/5. Estimated net annual value on the published spend profile: $414 ($534 rewards − $120 fee). FX fee None. Listed minimum personal income: $12,000. Listed welcome offer: Up to 50,000 bonus Scene+ points: 30,000 for $2,000 eligible purchases in first 3 months, plus 20,000 more for $7,500 in first year

• 6 Scene+ points per $1 on Sobeys, Safeway, FreshCo, Foodland & more
• 5 Scene+ points per $1 on Dining, food delivery, food subscriptions, other eligible grocery
• 5 Scene+ points per $1 on Entertainment
• 3 Scene+ points per $1 on Gas, transit (rideshare, bus, taxi, subway)
• 3 Scene+ points per $1 on Streaming
• Up to 4 Scene+ points per $1 on Travel (1 + up to 3 extra via Scene+ Travel)
• 1 Scene+ point per $1 on All other purchases

Scotiabank Passport Visa Infinite+ Card: Visa, $150 annual fee, score 3.4/5. Estimated net annual value on the published spend profile: $42 ($192 rewards − $150 fee). FX fee None. Listed minimum personal income: $60,000, or $100,000 household. Listed welcome offer: 25,000 bonus Scene+ points (offer Aug 4 - Nov 1, 2026). Plus 10,000 annual bonus at $40,000 annual spend, with 2,000 more for each additional $10,000.

• 3 Scene+ points per $1 on Sobeys, Safeway, IGA, Foodland, participating Co-ops
• 2 Scene+ points per $1 on Dining, entertainment, transit
• 1 Scene+ point per $1 on All other purchases

Pick the Scotiabank Gold American Express Card if: You want a listed 0% FX fee (4.7/5, a $120 annual fee, American Express). Excellent for Sobeys shoppers and travellers with no FX fees and up to 6X points on groceries.

Pick the Scotiabank Passport Visa Infinite+ Card if: You want a listed 0% FX fee (3.4/5, a $150 annual fee, Visa). Premium travel card with Visa acceptance, no FX fees, 6 complimentary airport lounge passes, and free global mobile data.

Skip a 0% FX card if: You rarely pay in a foreign currency. On $1,000 of FX spend, 2.5% is $25 — less than either card’s listed annual fee.

Run your own grocery, dining, and travel mix on the spending calculator. Rankings here use the published score, not a custom trip.