![]() ![]() Minimum Income Eligibility: You must have a minimum annual income of $60,000 or a minimum household income of $100,000 or a minimum assets under management of $250,000.Of course, the no foreign exchange fee markup on purchases made in foreign currency at home or abroad also has major appeal. Offer ends October 31, 2023.Īnother perk of this credit card is complimentary Visa Airport Companion Program membership that includes six complimentary lounge visits per year from the date of enrollment, providing you with access to 1,200+ airport lounges globally, including participating Plaza Premium Lounge Plus, as a Scotiabank Passport Visa Infinite cardholder, you are eligible to earn an annual 10,000 Scene+ point bonus when you spend at least $40,000 in everyday net eligible purchases annually. Here’s how it works:Įarn up to $1,100* in value in the first 12 months, including up to 35,000 bonus Scene+ points and first year annual fee waived on your first supplementary card.¹ Earn 25,000 bonus Scene+ points by making at least $1,000 in everyday eligible purchases in your first 3 months. ![]() There is also the Welcome Bonus to consider. Earn 2 Scene+ points on every $1 you spend on other eligible grocery stores, dining, entertainment purchases, and daily transit purchases (including buses, subways, taxis and more), and earn 1 Scene point on every $1 you spend on all other eligible purchases. Earn 3X Scene+ points on every $1 you spend on all eligible purchases¹ at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés TradItIon, Rachelle Béry and Co-Op. With this credit card, you’ll pocket Scene+ points from eligible purchases. This credit card wins big points because, on top of charging no foreign transaction fees, it’s also one of the best travel rewards credit cards in Canada. Our top pick is the Scotiabank Passport® Visa Infinite* Card. The Best No Foreign Transaction Fee Credit Cards in Canada Scotiabank Passport® Visa Infinite* Card While a few percentage points here and there may not sound like much, if you’re a power traveller or small business owner who regularly makes purchases in foreign currency, those few points could add up to hundreds of dollars. The fees are charged as a percentage of your purchase and are usually baked into the exchange rate, so you may not even notice that you are paying a few percentage points on every purchase you make in foreign currency. ![]() ![]() Foreign transaction fees are applied to purchases that you make in a foreign currency, whether you are out of the country or not. Why Use a No Foreign Transaction Fee Credit Cardįoreign transaction fees are a fee charged by your credit card company when you make purchases at a non-Canadian retailer. Plus, you have to pay the exchange rate as well. It might not seem like a lot, but these charges can accumulate quickly and really cost you in the long run. That means you get dinged every time you buy something that’s not in Canadian dollars, even if you’re shopping online from the comfort of your couch. The Best No Foreign Transaction Fee Credit Cards in 2023Ĭash Back earning potential with no annual feeįoreign transaction fees are that annoying 2.5% charge you get on your credit card every time you make a purchase in a foreign currency. One of the biggest travel expenses that often gets missed is the foreign transaction fees on your credit card.įortunately, there are several no foreign transaction fee credit cards in Canada, and today we’re reviewing our top picks. You’ve got to pay for your airline tickets, hotel room, car rentals, food purchases, and not to mention, pricey tickets to local attractions.īut even if you’ve done your research and correctly budgeted for all of these amounts, you’re bound to forget about a few extra charges. Travelling to a foreign country gets expensive. For complete and current information on any advertiser product, please visit their Web site.ĭid you know that most Canadian credit card companies add a 2.5% to 3% foreign transaction fee to each purchase you make outside the country? Keep your travel costs to a minimum by choosing the best no foreign transaction fee credit card in Canada. Advertisers are not responsible for the contents of this site including any editorials or reviews that may appear on this site. ![]()
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