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

[strikewfire]

@havefaith1130 Thanks for the tip! And bill payments are just like purchases with how interest is applied (grace period, etc)?

 

[itismesandy]

@strikewfire Yes

 

[kimmey]

@havefaith1130 What's the website to activate it?

 

[havefaith1130]

@kimmey https://roadsideassistance.canadian...angle-world-elite-mastercard-gold-member-plan

 

[andiesmith1234567890]

@distressedson I used it once. for a free perk it's pretty decent. biggest knock is wait time for a tow, but even caa has wait times.

 

[curtis3314]

@distressedson Same. And I was just thinking of getting CAA membership. Wonder if it's still worth it?

 

[paleochristian]

@distressedson You get a coupon for free oil change as a part of the road assistance too! It’s conventional oil but they let you pay the difference for synethic if your car takes that only.

 

[sancurry93]

@distressedson Family members and myself have used it several times in the past! Great feature for a No-Fee card!!!

 

[pebbles90]

@distressedson Don’t forget that perkopolis is a free perk of roadside assistance as well

 

[distressedson]

@pebbles90 Woot? Didn't know that as well. Will check it

 

[jeff98682]

@itismesandy This is a nice change in pace - more of these type of posts!

 

[mynameisranjit]

@itismesandy What about cards that have 1st year fees waved like the Scotia Momentum? (You get a $125 cash bonus with that one) Would you consider that?

 

[itismesandy]

@mynameisranjit This post was made to highlight no-fee cards, but you might find value in other CCs. For me, the marginal % difference isn't worth keeping a $120+ annual fee card longterm (but depending on your spend, a 4% grocery/gas or grocery/recurring-bills card may be).

Churning credit cards for welcome bonuses can be worthwhile, but that's another topic.

 

[pal_lover]

@mynameisranjit I think we need another sub for that. There are ways/offers that cover hefty annual fees year after year. For example CIBC has a card with $278 annual fee that gets waved if you have their smart account which also gets waived if you have 100K investments with them.

 

[aizxyzter]

@pal_lover r/churningcanada

 

[cmajor01]

@itismesandy Which of these can be setup on autopay from your bank account?

 

[distressedson]

@cmajor01 CTFS supports this.

 

[lovelylady35]

@cmajor01 I know at least CTFS, Simplii and CIBC allow external accounts for statement balance autopay.

 

[itismesandy]

@lovelylady35 Do you know where to find this for Simplii? The only option I can find is payment from my Simplii chequing account.

 

[lovelylady35]

@itismesandy I had to call for them to do it