What is the best no foreign transaction fee cards in Canada?

Based on our value ranking, the Scotiabank Gold American Express Card from Scotiabank currently leads this category, with a $120 annual fee and 21.99% purchase APR. Rankings update daily.

How are these cards ranked?

We rank by estimated real value for the category, computed from the welcome offer, earn rates, annual fee, and benefits. Every figure is pulled from the official issuer page, never an affiliate feed.

How current is this information?

Fees, rates, and offers are checked regularly against the official issuer pages. This page was last updated 2026-07-29. Always confirm details on the issuer's site before applying.

Ranked by value

Best No Foreign Transaction Fee Cards in Canada (July 2026)

Cards that skip the ~2.5% FX fee on purchases abroad. 7 cards, ranked. Every figure cites the official issuer page. Updated 2026-07-29.

The best no foreign transaction fee cards in Canada right now is the Scotiabank Gold American Express Card from Scotiabank, which leads our value ranking of 7 cards with a $120 annual fee and 21.99% purchase APR. Cards that skip the ~2.5% FX fee on purchases abroad. We rank by the estimated real value a cardholder gets, with every figure sourced from the official issuer page and refreshed 2026-07-29. Nothing here is financial advice.

0Cards ranked

0%Sourced figures

07-29Last updated

$0Affiliate bias

1Top pick · No Foreign Transaction Fee Cards

Scotiabank Gold American Express Card

Scotiabank

Welcome value

~$450

Annual fee

$120

Purchase APR

21.99%

Big welcome bonus worth ~$450
Bonus covers 3× the annual fee
Earn 6x on grocery (sobeys/empire banners)
No foreign transaction fees

See full breakdown

Source: Scotiabank·verified 2026-06-13

Scotiabank

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Scotiabank Gold American Express Card

AMERICAN EXPRESS

Welcome value, at a glance

Estimated CAD

1. Scotiabank Gold American Express Card~$450

2. Scotiabank Passport Visa Infinite Card~$500

3. Scotiabank Passport Visa Infinite Privilege Card~$300

4. Scotiabank Platinum American Express Card~$800

Mid-market point valuations, used only to compare cards. Not issuer-guaranteed. Confirm offers on the issuer page.

The rest of the ranking

6 more cards

Frequently asked

What is the best no foreign transaction fee cards in Canada?: Based on our value ranking, the Scotiabank Gold American Express Card from Scotiabank currently leads this category, with a $120 annual fee and 21.99% purchase APR. Rankings update daily.
How are these cards ranked?: We rank by estimated real value for the category, computed from the welcome offer, earn rates, annual fee, and benefits. Every figure is pulled from the official issuer page, never an affiliate feed.
How current is this information?: Fees, rates, and offers are checked regularly against the official issuer pages. This page was last updated 2026-07-29. Always confirm details on the issuer's site before applying.