Today we are talking about the Best No Annual Fee Credit Cards In Canada 2022. There are many different types of credit card users that benefit from this in many many different ways some people they choose to pay an annual fee but in return they get the luxuries of life such as you know lounge access hotel statuses and so on. Then there are people out there who prefer the passive approach of just earning points slowly and still reaping some of the rewards and benefits not as much as if you would pay an annual fee but then in return you don't have to deal with the stress of the high overhead and also calculate whether or not to cancel or call retention or downgrade and stuff like that.
Best No Annual Fee Credit Cards In Canada 2021
We will show you the Best No Annual Fee Credit Cards In Canada 2021 for everyone who is trying to build up their credit or even for students that's just getting started and all the way up to the premium users because there will be premium cards in here as well who that requires a high income requirement but you know in return you get some of these really amazing perks and benefits as with anything in life. There's a give and there's a take so you don't get as much sign of bonuses or if any and you don't get these amazing multipliers compared to some of the cards that you would get if you were to pay annual fee. but then in return you don't have to deal with the headaches that's associated with annual fees mentioned earlier however quite frankly these cards i'm going to be showing you today do put up a very fair fight against some of these annual fee credit cards and some of them are even better than them.
so i'll go over them and spoil alert some of these cards also offer really really good perks and benefits as well with a no annual fee policy or as a no annual fee card.
Grocery: BMO Cashback Mastercard
the first card on the Best No Annual Fee Credit Cards In Canada 2021 list for all you people who enjoy cooking instead of takeouts is the cashback massacre. this is an entry-level credit card with no annual fees that's offering a whopping three percent cash back on groceries do keep in mind though the three person is up to a maximum of five hundred dollars per billing cycle. but that's still quite a healthy amount for normal spending anyways the cashback mastercard gets you one person cash back on reading current bill payments and 0.5 percent on everything else. but then again the main selling point on this card is the three percent on groceries which is one of the highest available in canada that also has no annual fees so what i just said if it did not resonate with you whatsoever then you might be the exact opposite type of person who enjoys takeouts instead.
Dining: Simplii Cashback Visa
The next Best No Annual Fee Credit Cards In Canada 2021 is definitely for you the simply visa gives you four percent cash back on dining just like the previous card it does have a limit of the four percent that caps out at five thousand dollars per year which boils down to just over four hundred dollars a month which isn't a lot depending on how much you eat out. however this card also gets you a 1.5 cashback on gas groceries drugstores and pre-authorized payments up to 15 000 a year which is very good for no annual fee credit card and for everything else.
It's just a flat 0.5 percent these are some pretty good multipliers rivaling some of the best annual fee credit cards actually that's available to canadians with these earning ratios.
Overall: Tangerine (World) Mastercard
The next Best No Annual Fee Credit Cards In Canada 2021 on the list is the best all-around card the tangerine mastercard there are two versions of this card both with no annual fees which one have a higher income requirement but it also comes with extra perks the reason why this is flexible is because you are able to choose two categories out of all the categories listed to earn two-person cash back on if you also happen to bank with them then you get to choose three categories additionally. You may switch these categories if you say have a big furniture purchase coming up the others category will be 0.5 cashback.
Travel: CIBC Aeroplan Visa Platinum
The next Best No Annual Fee Credit Cards In Canada 2021 may come as a surprise to some of you it's actually a travel credit card this is one of the best starter travel credit cards in my opinion. the cibc aeroplan platinum this card gets you one aero plan point per dollar spent on gas groceries and air canada purchases and one point per 1.5 dollars on everything else. aero plan points have a rough evaluation of two cents per point so that makes the categories 2 and 0.75 return respectively. This current has also a pretty high signup bonus and to my knowledge almost the highest available in canada for a no annual fee credit card at ten thousand aero plan points which equals two hundred dollars. given the two cents per point evaluation additionally. this card does also get your foot in the door using aeroplanes since one of the perks that you can take advantage of is if you are an aeroplane cardholder you do get access to preferred pricing which means when you do redeem these aeroplane points you can redeem them for a discount.
Premium: Canadian Tire Triangle World Elite Mastercard
last Best No Annual Fee Credit Cards In Canada 2021 actually has a fairly high income requirement of 80 000 per year but it also comes with some interesting perks and benefits and of course carries no annual fees. this card i'm referring to is the canadian tire triangle rodely mastercard. this card earns a currency called ct money which can be redeemed at a one dollar equals one dollar ratio at canadian tire sport check and other partner stores in terms of earnings you get three percent on groceries up to twelve thousand dollars a year four person on canadian tire sports check marks atmosphere hockey experts and participating sports stores. You also get rewards on gas purchases of participating gas stations and you get one person back on all their purchases and ct money of course all that is cool although the rewards are limited to the redemption methods mentioned earlier but one of the key benefits is this card comes with roadside assistance gold plan which gets you free towing service roadside assistance. this covers almost everything from towing view delivery flat tires battery boost lock out and you name it all these are free on a free card which is pretty amazing just for reference this plan would run you a hundred dollars a year. if you were to purchase it from canadian tires themselves for this reason this is a pretty good card to keep around your wallet just year after year. because who knows when you will need it and who knows when this benefit will be a money saver.
CONCLUSION: Best No Annual Fee Credit Cards In Canada 2021
so from these cards mentioned today the list is definitely pretty diverse and there's definitely a card for everyone depending on what kind of credit card user you are anyone from the grocery shoppers with the cash back with the three percent of groceries and to people who only order takeouts and enjoys takeouts but order groceries or buy groceries. once in a while then the simply visa would be pretty good for you and then there are people who are just getting into the points and miles thing and they do want to get their feet wet on a no annual fee credit card.
I think aeroplan the cibc aeroplan platinum is one of the best ways to do that with and you know you get a pretty respectable sign of bonus along with pretty decent earning ratios and not to mention it gets your foot in the door and then there's the high income earners who just wants free roadside assistance because we can all use some roadside assistance.
just in case you never know uh when you will need it so that the canadian tire triangle world elite is very very good for that and then you may be anybody literally anybody in between because the tangerine mastercard is very very flexible.