Canada’s finest no overseas transaction price bank cards 2022

  • Rewards earn charge: 3 factors per $1 on purchases in a overseas forex; 1.5 factors per $1 in your on a regular basis purchases
  • Welcome provide: No annual price for the primary yr
  • Rates of interest: purchases 19.50%, money advances 21.99%
  • Earnings necessities: $60,000 particular person or $100,000 family



  • The three factors per $1 earn charge on overseas purchases means you’ll web roughly 0.5% again on something in a non-Canadian forex (after offsetting overseas transaction charges).
  • The robust base charge of 1.5% on Canadian purchases means you’ll earn an above-average return on all purchases, whatever the class.

Different perks

  • The annual price for the Meridian Visa Infinite Journey Rewards Card is just $99, which is lower than many similar to different playing cards on this listing with no overseas change charges.
  • The journey protection on the Meridian Visa Infinite Journey Rewards Card is excellent and consists of as much as $5,000,000 in emergency journey protection for as much as 48 days, which manages to beat out journey protection supplied by even one of the best journey bank cards.
  • Whereas many bank card journey insurance coverage advantages solely apply to these 65 and older, the emergency journey insurance coverage protection on the Meridian Visa Infinite Journey Rewards Card applies to those that are as much as 75 years previous.


  • This card has no bonus classes, so it will not be one of the best rewards construction for individuals who spend massive in widespread classes like groceries, fuel or recurring payments.
  • Rewards factors can’t be used to offset the price of airline taxes or surcharges.

Rogers World Elite Mastercard

At a look: With a lot greater earn charges than most no-fee playing cards, the Rogers World Elite Mastercard really nets you money again on purchases in U.S. {dollars}. Nevertheless, demanding private earnings ranges and spending necessities make this card inaccessible to some. 

  • Rewards earn charge: 3% money again on purchases made in U.S. forex; 1.5% on all different purchases charged to your card
  • Welcome provide:  $25 money again if you make your first buy inside 3 months
  • Rates of interest: purchases 19.99%, money advances 22.99%
  • Earnings necessities: $80,000 particular person or $150,000 family



  • The cardboard earns a formidable 1.5% money again on every part you purchase, a charge extra usually seen in playing cards with an annual price. 
  • It’s arguably one of the best card to make use of at Costco as a result of it’s a Mastercard and has a flat 1.5% earn charge. 
  • The Rogers World Elite Mastercard earns an accelerated 3% money again on purchases made in U.S. {dollars} which offsets the roughly 2.5% overseas transaction price, making this a super card for snowbirds or anybody who repeatedly travels to america.
  • You may redeem your money again rewards anytime, in increments of $10, utilizing the Rogers app.

Other perks

  • Regardless of being a no-fee card, the Rogers World Elite Mastercard offers you advantages like rental automobile collision injury protection and journey insurance coverage.


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 forex may not appear to be a lot, however it will probably add up shortly. To be clear: The price is utilized to each buy made in a forex thats not Canadian {dollars}—even if you store on-line. For perspective, that’s $25 in transaction charges for each $1,000 you spend in your card, and you must pay the change charge as properly.

Is the overseas transaction price affected by change charges?

No, the overseas transaction price is an extra cost added on high of the present change charge. These change charges are decided by the bank card corporations, utilizing the up-to-date worth of the Canadian greenback and the worth of whichever forex you’re changing to. 

Your price will range in line with which credit score firm you select, so it’s price it to look into the assorted choices in case you’re a frequent traveller otherwise you usually end up buying in one other forex. In the end, selecting a card with no overseas transaction price, or which affords a rebate on overseas transaction charges, is likely one of the finest methods to save cash if you spend in a overseas forex. 

Advantages of utilizing a no-foreign-transaction-fees bank card versus money

So long as bank cards are broadly accepted at your vacation spot, you may keep away from taking out massive quantities of money at forex change kiosks, airports or ATMs. Plus, buying along with your card helps you earn rewards on each greenback spent, you get buy safety and PIN safety, and you may simply cancel your card if it’s stolen whilst you’re overseas.

Our picks of one of the best no-foreign-transaction-fee bank cards in Canada are primarily based on our evaluation of every cards advantages and annual charges; overseas transaction charges and the way theyre dealt with (if rebated); and whether or not there are extra rewards incentives for utilizing the cardboard domestically and/or overseas.

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