Compare Credit Cards with $0s

In some cases, no-fee cards can bear many great privileges and benefits with their use such as cash-back bonuses, travel benefits, medical benefits and other privileges.

Here is an example: By owning an American Express AIR MILES Credit Card you will reap 1 bonus mile for every $15 you spend in card transactions with approved and associated AIR MILES Sponsors as well as 1 bonus mile collected for every $20 you spend in other transactions. Additionally, you will also get a reward of 500 bonus miles the first time of using your card and the best part is, there is no annual fee charged.

In case you want some cash back benefits, getting the SimplyCash Card from American Express is a great option. This card offers up to 5%  cashback that applies to all gas, supermarket, and restaurant transactions for an initial 6-month period and up to 1.25% cash back for all transactions that apply on the program after that.

A lot of no-fee credit cards come with some pretty good benefits like rental vehicle discounts and deals, theft protection, 24-hour service in case of an issue, and others. As long as you pay the balance on time and you don’t use the card recklessly, you will reap these rewards with no extra fees.

Best No Fee Credit Cards

Tangerine Money-Back Credit Card

19.95%
No Annual Fee
3% Balance Transfer & Earn 2% Money-Back Rewards on purchases
Get a $25 gift card from CompareMyRates.ca upon approval

No-Fee Scotiabank Value® VISA* card

16.99%
No Annual Fee
3.99% Introductory interest rate on Balance Transfers for the first six months†
Get a $50 gift card from CompareMyRates.ca upon approval

The American Express AIR MILES Credit Card

19.99%
No Annual Fee
Welcome Bonus 500 Air Miles & 1.99% Balance Transfer for first 6 months

 

There are many ways banks waive fees or give away no fee credit cards to their members.

Some credit card providers may waive their annual fees usually on the first year for new customers and then charge low subsequent annual fees.  Other banks may still charge annual fees but offer discounted fees or low-interest rates to their customers. 

Some credit card providers go far and beyond to lure potential members to sign up by offering zero fees or no fees on certain transactions such as foreign transaction fees.  Some banks may waive fees for foreign transactions which are truly beneficial especially to those who travel for pleasure, purchasing items along the way, and those conducting their businesses abroad who earn huge savings by not being imposed the extra fees for multiple international transactions.

As usual, additional bonuses are offered to new customers including cash back rewards and mileage points that can be converted to free airline tickets when the customers have accumulated enough points from their credit card transactions.