Top Canadian Credit Cards with Zero Foreign Transaction Fees- Your Ultimate Guide
What Canadian Credit Cards Have No Foreign Transaction Fees?
In today’s globalized world, Canadians often find themselves traveling abroad, whether for business or leisure. One of the most common concerns for travelers is the additional fees they may incur while using their credit cards internationally. Foreign transaction fees can add up quickly, especially if you’re making multiple purchases or withdrawals. To help you avoid these extra charges, we’ve compiled a list of Canadian credit cards that offer the convenience of no foreign transaction fees.
1. American Express Platinum Card®
The American Express Platinum Card® is a premium credit card that provides numerous benefits, including no foreign transaction fees. This card is ideal for frequent travelers who want to enjoy the luxury of traveling without worrying about extra charges. With its generous rewards program, you can earn points on flights, hotels, and other travel-related expenses.
2. BMO World Elite® Mastercard®
The BMO World Elite® Mastercard® is another excellent choice for Canadians looking for a credit card with no foreign transaction fees. This card offers a comprehensive rewards program, allowing you to earn points on all your purchases. Additionally, you’ll enjoy travel insurance, concierge services, and access to airport lounges worldwide.
3. TD Aeroplan Visa Infinite Card
The TD Aeroplan Visa Infinite Card is a popular choice among Canadian travelers due to its no foreign transaction fees and a robust rewards program. This card allows you to earn Aeroplan miles on all purchases, which can be redeemed for flights, hotels, and other travel-related expenses. Plus, you’ll have access to a wide range of travel benefits, including airport lounge access and travel insurance.
4. Scotia Momentum Visa Infinite Card
The Scotia Momentum Visa Infinite Card is a great option for those who want to earn cashback on their purchases while avoiding foreign transaction fees. This card offers a 4% cashback on gas and grocery store purchases, a 2% cashback on dining and drugstore purchases, and a 1% cashback on all other purchases. With no annual fee for the first year, this card is a cost-effective choice for Canadian travelers.
5. CIBC World Elite Mastercard®
The CIBC World Elite Mastercard® is a premium credit card that offers no foreign transaction fees, along with a comprehensive rewards program. This card allows you to earn points on all purchases, which can be redeemed for travel, merchandise, and more. Additionally, you’ll enjoy travel insurance, concierge services, and access to airport lounges worldwide.
By choosing one of these credit cards, you can enjoy your travels without worrying about foreign transaction fees. Remember to always read the terms and conditions of each card to ensure that it meets your specific needs and preferences. Happy travels!
