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HomeBusinessMoney SavingCanada’s finest no overseas transaction price bank cards 2022

Canada’s finest no overseas transaction price bank cards 2022


  • Annual price: $0
  • Rates of interest: purchases 19.99%, money advances 22.99%
  • Welcome bonus: $25 in cash-back rewards whenever you use the cardboard to make a purchase order inside 3 months of receipt
  • International transaction dealing with: 2.5% commonplace, however 3% is returned on fees made in U.S. foreign money
  • Rewards earn charge: 3% money again on purchases made in U.S. foreign money; 1.5% on all different purchases charged to your card
  • Extra rewards: Out-of-province/out-of-country emergency medical insurance coverage; entry to lounges in additional than 400 airports
  • Revenue requirement: At the very least $80,000 per particular person or $150,000 as a family

Rogers Platinum Mastercard

This Mastercard from Rogers is a superb no-annual-fee choice for many who wish to earn money again whereas travelling south of the border. It provides customers 3% money again on U.S. foreign money purchases, which works out to 0.5% whenever you think about the usual 2.5% overseas transaction price. On all different card purchases, whether or not in Canadian {dollars} or a overseas foreign money, youll earn 1% again. The cardboard doesnt have a minimal earnings requirement, so those that dont qualify for the Rogers World Elite Mastercard listed above might wish to think about it.

  • Annual price: $0
  • Rates of interest: purchases 19.99%, money advances 22.99%
  • Welcome bonus: $25 in cash-back rewards whenever you use the cardboard to make a purchase order inside the first 3 months 
  • International transaction dealing with: 2.5% commonplace for overseas transaction charges, however 3% is returned on fees made in U.S. foreign money
  • Rewards earn charge: 3% money again on purchases made in U.S. foreign money; 1% on all different purchases charged to your card
  • Revenue requirement: None

Honourable mentions

Koho Premium Visa*

The Koho credit card.This distinctive high-tier, pay as you go, reloadable Visa means that you can spend your individual cash, mirroring the comfort and rewards of a bank card. This card additionally has no overseas alternate charges, making it superb for travellers. You’ll get 0.5% money again on all purchases, and as much as 2% money again whenever you spend on transportation, groceries and eating, and further money again at choose retailers. The cardboard does come at a value—an $84 annual price—however it doesn’t cost curiosity. You additionally acquire entry to free monetary teaching in case you go for it.

Get extra particulars in regards to the Koho Premium Visa*

Amazon Rewards Mastercard

Consideration Amazon customers–which suggests, pay attention as much as just about everybody. The Amazon.ca Rewards Mastercard is a no-fee retailer bank card. So in case you are a Prime member and order from amazon.ca, you possibly can earn 2.5% for Amazon rewards factors utilizing the cardboard, even when not paying in Canadian foreign money. The Amazon Prime membership prices $7.99 a month, plus tax. As for these overseas transaction purchases, as mentioned you do earn factors, and it’s simply sufficient to offset any overseas transaction charges. But it surely primarily means you received’t earn any rewards on overseas purchases. What in case you’re not a Prime member? You earn much less on overseas foreign money transactions, so making it a typical rewards bank card with a 1% earn charge. The rewards factors are redeemable for Amazon reward playing cards (with 2,000 factors value $20, or 1 level value $0.01, which is 1% in Amazon financial savings).

Earn Fee With Prime Membership With out Prime Membership
Foreign exchange purchases 2.5% 1%
Amazon.ca 2.5% 1.5%
Complete Meals 2.5% 1.5%
The whole lot else 1% 1%

What are overseas transaction charges and what do they imply for you?

The price (sometimes 2.5%) charged by many bank cards for purchases you make in a overseas foreign money may not look like a lot, however it may add up rapidly. To be clear: The price is utilized to each buy made in a foreign money thats not Canadian {dollars}—even whenever you store on-line. For perspective, that’s $25 in transaction charges for each $1,000 you spend in your card, and you need to pay the alternate charge as effectively.



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