Stop paying annual fee, Here is a list of Best No Annual Fee Credit Cards in Canada

Stop paying annual fee, Here is a list of Best No Annual Fee Credit Cards in Canada

February 7, 2017 4:31 pm Published by Leave your thoughts

Possible outcomes of this article

Here, I will be talking about, some of the best No Annual Fee Credit Cards in Canada which you can effectively use to earn cash backs and reward points, or balance transfer, etc.

Everyone knows what is Credit Card Annual Fee

There is no need of any introduction about Credit Card annual Fee here, as you all know what exactly it is.

Credit Card Annual Fee is automatically charged once a year for the convenience of the Credit card.

The Majority of people who uses Credit Cards had gone through a situation, where they had to pay an annual fee to their Credit Card, at least once.

But, the fact is that no one like to loose their money, do you?

I really want to help you finding a solution for this.

How to avoid paying an annual fee for Credit Cards?

There are a couple of ways to do it, such as:

  • Get No Annual Fee Credit Cards.
  • Negotiate with the Credit Card Company for an annual fee waiver.
  • Get Premium Banking plans that cover the Credit Card Annual Fees.
  • And there is a lot more ways to do it.

I know, this is kind of overwhelming situation for you.

All these tactics work, but, what is the most effective, simple and easy way to do it?

That is – No Annual Fee Credit Cards – I know it does look like simple, but, a lot more effective than any other methods to avoid paying an annual fee for Credit Cards.

No Annual Fee Credit Cards – how to make the right choice?

This is where most of the Canadians stuck.

People have different needs, some of them might be looking to earn cash backs, or reward points, balance transfer, cash advances, etc.

So, any No Annual Fee Credit Card can’t fit into the list here.

People actually want No Annual Fee Credit Cards, which offer, exactly what they really need to do with a Credit Card such cash back, rewards and so on.

The Best way to do it: categorize all the No Annual Fee Credit Cards out there and list the best of them.

That is what exactly I did here, which makes it a lot easier for people to choose the right Credit Cards for their needs.

Summary of the Best No Annual Fee Credit Cards in Canada

#1 No Annual Fee Cash Back Credit cards

  • Tangerine Money Back Credit Card
  • BMO CashBack MasterCard
  • SimplyCash Card from American Express®

Read more about the Best Cash Back Credit Cards in Canada.

#2 No Annual Fee Rewards Credit cards

#3 No Annual Fee Balance Transfer Credit cards

  • MBNA Platinum Plus MasterCard
  • SimplyCash Card from American Express®
  • Scotiabank Value Visa Card

Read More about the Balance Transfer Credit Cards in Canada.

#4 No Annual Fee Credit Cards for Bad Credit

#5 No Annual Fee Credit Cards for Cash Advances

  • RBC Cash Back Credit Card
  • MBNA Platinum Plus MasterCard

Read more about the Best Credit Cards for Cash Advances.

#6 No Annual Fee Credit Cards for Foreign Currency Transactions

#7 No Annual Fee Student Credit Cards

  • BMO SPC CashBack MasterCard
  • MBNA Rewards Student MasterCard
  • Scotiabank Scene Visa Card
  • Tangerine Money Back Credit Card

Read more about the Student Credit Cards in Canada.

#8 No Annual Fee and Low-Interest Credit Cards

  • MBNA TrueLine Credit Card
  • Alterna Platinum Plus MasterCard

More about the Best Low Interest Credit Cards in Canada.

In Conclusion

I hope this article helped you choose the best Credit Card for you and please share your thoughts as comments.