A comprehensive guide to the best no-annual fee, no-minimum spend credit cards

[itismesandy]

Often, there are posts asking about the best no-fee credit cards, so I've compiled this list. These cards are listed in alphabetical order.

ETA: Some of these cards may also come with sign-up bonuses from third party sites like Credit Card Genius, Great Canadian Rebates, Frugal Flyer, or Rates.ca. They may also have referral bonuses. Please do not solicit referrals in this thread as it goes against subreddit rules.

American Express Simply Cash

* 2% gas and groceries (not accepted at Loblaw brand grocers)

* 1.25% everything else

* Amex offers — offers may be targeted to certain users/cards

* Cash back issued on September statement

BMO CashBack Mastercard

* 3% groceries (up to $500 spend/mo.)

* 1% recurring bills (up to $500 spend/mo.)

* 0.5% everything else

* Cash back redeemed manually; $1 minimum

CIBC Costco Mastercard

* 3% restaurants and Costco Gas

* 2% Costco.ca and other gas stations

* 1% everything else

* Cash back issued as a Costco gift certificate every January

CTFS Cash Advantage Mastercard

* X% everything:

* $0-$1500 annual spend = 0.25%

* $1500-$3000 = 0.5%

* $3000-$24000 = 1%

* $24000+ = 1.5%

* CTFS bill payment system — pay your bills (e.g., property tax, Enbridge, Hydro, NSLSC, etc.) and earn cash back without incurring any fees associated with CC payments

* Cash back issued on January statement

CTFS Triangle World Elite Mastercard (minimum $80k annual income)

* 4% (Triangle Reward Points) Canadian Tire, Sport Chek, Mark's, Pro Hockey Life, Party City

* 3% (Triangle Reward Points) groceries

* 1% (Triangle Reward Points) everything else

* 5c/L at Gas+ stations
* CTFS bill payment system — pay your bills (e.g., property tax, Enbridge, Hydro, NSLSC, etc.) and earn Triangle Reward Points without incurring any fees associated with CC payments

* Canadian Tire Gold Roadside Assistance

* 31-day rental car collision/loss damage insurance

* Personal Concierge service

Rogers Mastercard

* X% everything:

* 1%

* 2% with a linked Rogers, Fido, or Shaw service (can be authorized user on account)

* +50% value (= 3%) when redeeming cash back towards your Rogers, Fido, or Shaw service

* 5 Roam Like Home days for your linked Rogers mobile service

* Cash back redeemed manually; $10 minimum

Simplii Financial Cash Back Visa

* 4% restaurants, bars, cafes, food delivery apps

* 1.5% gas, groceries, pharmacies, and recurring bills

* 0.5% everything else

* Cash back issued on December statement

Tangerine Mastercard

* 2% any two categories of your choice (three categories with a Tangerine savings account)

* 0.5% everything else

* Benefits exclusive to Tangerine World Mastercard (minimum $60k annual income):

* $1000 mobile device insurance

* 31-day rental car collision/loss damage insurance

* Boingo Wi-Fi for Mastercard

* Cash back issued monthly (against statement balance or into Tangerine savings account, if one exists)

 

[distressedson]

@itismesandy Thank you for that, as owner of CT World Elite, I just found out about the road assistance program and towing of up to 250 km! This is awesome!

 

[havefaith1130]

@distressedson I just found out about the CTFS bill payments through the card!

(For anyone with the card who is wondering - it's under "Payments" at the top on the CTFS site, then on the left side "Pay Bills" you can search for payees and set things up)

And yes, the roadside assistance program on the Triangle WE is a nice perk (you have to go to a website to register and activate it btw...).

 

[godisrael]

@havefaith1130 Same here. I don't know how I missed the bill payments for so long. Looks like I can pay my child support through that. May as well get some of that money back!

 

[zion470]

@godisrael The big one for me is property tax. It's ~$4.5K so I get $45 in points back for that, then I can also pay my water/garbage bill with the card too. Altogether $60/year in points that I couldn't get with any normal credit card.

 

[ragnar98]

@zion470 Can you pay your mortgage with it?

 

[itismesandy]

@ragnar98 No

 

[distressedson]

@havefaith1130 I just did, do I have to do it every year?

 

[havefaith1130]

@distressedson I think once you register it continues as long as you have the card.

 

[godisrael]

@havefaith1130 This is correct. They'll automatically send you a new membership card for the roadside assistance every year.

 

[homecleanncr]

@havefaith1130

the roadside assistance program on the Triangle WE is a nice perk (you have to go to a website to register and activate it btw...).

Where do you obtain the promo code? I don't see it anywhere

 

[distressedson]

@homecleanncr TRIANGLE
From the agreement book.

 

[havefaith1130]

@homecleanncr It was in one of the pamphlets that came with the card that talk about the insurance coverages etc. They might have sent an email as well.

 

[homecleanncr]

@havefaith1130 Well fuck

 

[godisrael]

@homecleanncr If you lost it, just call them and ask.

 

[cristian95]

@homecleanncr Call the roadside assistance number found on their website and navigate the menu for account help. Just explain the situation and they'll sort it out.

 

[curtis3314]

@havefaith1130 Also wondering about that. Do you have to set it up through the CTFS site, or does it still work if I've just set up auto-billing to that credit card through, for example, my Enbridge account?

 

[itismesandy]

@curtis3314 You need to do it through the CTFS site.

 

[noahsk]

@itismesandy You're forgetting a few things with CTFS World Elite. Comes with a concierge service and special invites and passes. Also grants access to 1300+ airport lounges through DragonPass. Also covers car rental insurance if entire bill paid on card. Lastly all ctfs cards can be paid via cash or debit in store and it instantly credits to your account.

 

[donica87]

@noahsk What kinda special invites and passes?