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A no-fee card costs nothing to keep, which makes it a good first card or a long-term card to protect your credit history.
Balance transfer and interest savings
Welcome offer: 0% rate on balance transfers for 12 months (3% fee applies). Not available for residents of Quebec.
+$50 extra cash back through FinlyWealth
Highest cashback for students
Welcome offer: 5% cash back for the first 3 months, up to $2,500 in spend
Welcome offer: Get $120 with a Tangerine® Money-Back World Mastercard® and a limited time promo rate on balance transfers
+$75 extra cash back through FinlyWealth
| Card | Welcome offer | Extra cash back | Annual fee | Purchase rate | Cash advance | FX fee | |
|---|---|---|---|---|---|---|---|
MBNA True Line Mastercard MBNA | 0% rate on balance transfers for 12 months (3% fee applies). Not available for residents of Quebec. | +$50 cash back | $0 | 12.99% | 24.99% | 2.5% | Apply → |
Students – BMO CashBack Mastercard BMO | 5% cash back for the first 3 months, up to $2,500 in spendEst. value $125 | — | $0 | 21.99% | 23.99% | 2.5% | Apply → |
Tangerine Money-Back World Mastercard Tangerine | Get $120 with a Tangerine® Money-Back World Mastercard® and a limited time promo rate on balance transfersEst. value $120 | +$75 cash back | $0 | 20.95% | 22.95% | 2.5% | Apply → |
 Tangerine Money-Back Mastercard Tangerine | 10% Cash Back (up to $100 value) + 1.95% balance transfer promo rate for 6 monthsEst. value $100 | +$75 cash back | $0 | 20.95% | 22.95% | 2.5% | Apply → |
 Simplii Financial Cash Back Visa Card Simplii Financial | Double your cash back on Resturants, Bars and Coffee Shops in your first 3 months.Est. value $40 | +$50 cash back | $0 | 20.99% | 22.99% | 2.5% | Apply → |
 SimplyCash Card from American Express American Express | Up to $100 in Statement CreditsEst. value $100 | — | $0 | 21.99% | 21.99% | 2.5% | Apply → |
 RBC ION Visa RBC | Get up to 7,000 Avion points - that's $50 of value in gift cards! Apply by January 12, 2027.Est. value $70 | — | $0 | 20.99% | 22.99% | 2.5% | Apply → |
 Scotiabank Scene+ Visa Card Scotiabank | Earn up to 10,000 bonus Scene+ points within your first 3 months + a 0.99% introductory interest rate on balance transfers for the first 9 monthsEst. value $100 | +$50 cash back | $0 | 21.99% | 22.99% | 2.5% | Apply → |
 BMO eclipse rise Visa Card BMO | Get up to 25,000 bonus points in your first anniversary!Est. value $167 | +$50 cash back | $0 | 21.99% | 23.99% | 2.5% | Apply → |
 Neo World Mastercard – Everywhere Neo Financial | — | +$50 cash back | $0 | 19.99% | 22.99% | 2.75% | Apply → |
 Neo World Mastercard – Shop & Dine Neo Financial | — | +$50 cash back | $0 | 19.99% | 22.99% | 2.75% | Apply → |
 Neo World Mastercard – Gas & Grocery Neo Financial | — | +$50 cash back | $0 | 19.99% | 22.99% | 2.75% | Apply → |
 Scotiabank American Express Card Scotiabank | Earn up to 5,000 bonus Scene+ points within your first 3 months (that’s up to $50 towards travel).Est. value $50 | +$50 cash back | $0 | 21.99% | 22.99% | 2.5% | Apply → |
 BMO CashBack Mastercard BMO | 5% cash back for the first 3 months, up to $2,500 in spendEst. value $125 | — | $0 | 21.99% | 23.99% | 2.5% | Apply → |
 Neo Mastercard Neo Financial | — | +$50 cash back | $0 | 19.99% | 22.99% | 3% | Apply → |
 Scotia Momentum No-Fee Visa Card Scotiabank | Earn 5% Cash Back on all purchases for the first 3 months, plus get 0.99% introductory interest rate on balance transfers for the first 9 monthsEst. value $100 | +$50 cash back | $0 | 19.99% | 22.99% | 2.5% | Apply → |
 BMO Blue Rewards Mastercard BMO | Get 20,000 Bonus Points, a 9-month 0.99% introductory interest rate on balance transfers with a 2% transfer fee, and earn rewards from over 400 brands.Est. value $134 | — | $0 | 21.99% | 23.99% | 2.5% | Apply → |
 enviro Visa Classic card Vancity | — | — | $0 | 19.5% | — | 2.5% | Apply → |
 American Express Green Card American Express | Up to 10,000 Membership Rewards® pointsEst. value $200 | — | $0 | 21.99% | 21.99% | 2.5% | Apply → |
 TD Rewards Visa Card TD | Earn a value of $50 in TD Rewards Points to use on eligible Amazon.ca purchases.Est. value $75.76 | — | $0 | 21.99% | 22.99% | 2.5% | Apply → |
 TD Cash Back Visa Card TD | — | — | $0 | 21.99% | 22.99% | 2.5% | Apply → |
 RBC Cash Back Mastercard RBC | — | — | $0 | 21.99% | — | 2.5% | Apply → |
 National Bank Allure Mastercard National Bank | — | — | $0 | 20.99% | 22.49% | 2.5% | Apply → |
 National Bank mycredit Mastercard National Bank | — | — | $0 | 20.99% | 22.49% | 2.5% | Apply → |
Offer data from FinlyWealth, updated 2026-11-08. Rates, fees and offers change often and may differ from what the issuer shows you — always confirm the current terms on the issuer's site before applying. "Extra cash back" is paid by FinlyWealth when you apply through our link and are approved; conditions are on the FinlyWealth page. Rankings use FinlyWealth's rating, then welcome-offer value. crediteasy.ca is independent and does not provide financial advice.