Best No Annual Fee Rewards Credit Cards in Canada – A 2017 Update

Best No Annual Fee Rewards Credit Cards in Canada – A 2017 Update

February 9, 2017 8:08 pm Published by Leave your thoughts

Today, I would like to list some of the best no annual fee rewards credit cards in Canada.

When I say rewards, I mean all the rewards that are available to a no annual fee credit card.

Let me keep it simple.

I’m not going to list any Travel Rewards Credit Cards here, as none of the Travel Credit Cards come without an annual fee.

Before I jump into the list of Credit Cards, I will talk about the different Rewards Programs available to Canadians, to get a better understanding.

What are the Rewards Programs available in Canada?

#1 Scene Rewards Program

The Scene is known as the first and the only entertainment reward program in Canada. They are partnered with Scotiabank and CinePlex Entertainment.

Every single dollar you spend with your Scotiabank Credit Card, you will earn Scene Reward points and you can use to watch movies at Cineplex for free.

You will get a free movie for 1000 points and also there are options available to spend it at restaurants and Sportcheck.

What is the Best Credit Card to earn Scene Points?

Scotiabank Scene Visa Credit Card is the right Credit Card to use, to earn more Scene Points.

#2 Shoppers Optimum Reward Program

As the name implies, this reward program is by Shoppers DrugMart. Once you signed up, every Dollar you spend at Shoppers DrugMart, you will earn shoppers optimum points.

 

Best No Annual Fee Rewards Credit Cards in Canada – Shoppers Optimum Point Values

Best No Annual Fee Rewards Credit Cards in Canada – Shoppers Optimum Point Values

The only thing is that you are allowed to spend it only at Shoppers DrugMart Stores, and, to get a value of $10, you will need 8,000 shoppers optimum points.

 

Look at the screenshot to see how much your Shoppers Optimum Points are worth.

What is the Best Credit Card to earn Shoppers Optimum Points?

RBC Shoppers DrugMart Credit Card.

#3 Amazon.ca Rewards Program

The online shopping platform, Amazon has their own Rewards program, which lets you earn points while you shop at Amazon.

You can redeem this rewards points, next time when you shop at Amazon and the coolest thing is that you are allowed to redeem any amount of points without any minimum requirements.

That means you will be able to cover the full amount or even partial amount of the purchase with your Amazon Rewards points.

What is the Best Credit Card to earn Amazon Rewards?

Amazon.ca Rewards Visa Credit Card.

#4 MBNA Rewards Program

I would call it, the most flexible reward program in Canada. You know why, with MBNA Rewards, you can redeem points for cash back, travel, brand-name merchandise, gift cards, etc.

There is no other Reward programs offer any of these.

With MBNA Credit Cards, you will be able to earn 1 point for every $1 eligible purchase.

What is the Best Credit Card to earn MBNA Rewards?

MBNA Rewards MasterCard

Summary of the Best No Annual Fee Rewards Credit Cards in Canada

  1. Scotiabank Scene Visa Credit Card – Scene Rewards Program.
  2. Amazon.ca Reward Visa Credit Card – Amazon Rewards Program.
  3. MBNA Rewards MasterCard – MBNA Rewards Program.
  4. RBC Shoppers DrugMart Credit Card – Shoppers Optimum.