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What are the Best Canadian Credit Cards with No Foreign Transaction Fees?

Oliver KahnVerified
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Summary：Looking for Canadian credit cards with no foreign transaction fees? The Scotiabank Passport Visa Infinite Card, Home Trust Preferred Visa, and Brim Financial World Elite Mastercard are great choices. Remember to pay your balance in full each month, be aware of exchange rates, and notify your credit card company of your travel plans.

Best Canadian Credit Cards with No Foreign Transaction Fees

As a credit card expert, I understand the importance of finding a credit card withno foreign transaction fees, especially for frequent travelers. These fees can add up quickly, making it important to choose a credit card that doesn't charge them. In this article, I will detail the best Canadian credit cards with no foreign transaction fees and provide some tips and tricks for using them to your advantage.

Scotiabank Passport Visa Infinite Card

The Scotiabank Passport Visa Infinite Card is an excellent choice for travelers who want a credit card with no foreign transaction fees. This card also offers six free airport lounge visits per year, making it a great value for frequent travelers. Additionally, the card offerstravel insurance, including emergency medical coverage, trip cancellation, and trip interruption insurance.

Home Trust Preferred Visa

The Home Trust Preferred Visa is another great option for those looking for a credit card with no foreign transaction fees. The card also offerscashback rewards, making it an excellent choice for everyday purchases. Additionally, the Home Trust Preferred Visa does not charge an annual fee, making it a cost-effective choice for those on a budget.

Brim Financial World Elite Mastercard

The Brim Financial World Elite Mastercard is a newer credit card on the market, but it offers a lot of value for travelers. The card has no foreign transaction fees, and it also offers travel insurance, including trip cancellation and interruption insurance, as well as baggage delay insurance. Additionally, the Brim Financial World Elite Mastercard offers rewards points that can be redeemed for travel, merchandise, or cashback.

Tips and Tricks for Using Credit Cards with No Foreign Transaction Fees

When using a credit card with no foreign transaction fees, it's important to keep a few things in mind. First, always pay your balance in full each month to avoid interest charges. Second, be aware of exchange rates and make purchases in the local currency whenever possible to avoid additional fees. Finally, always notify your credit card company of your travel plans to avoid any issues with fraud prevention measures.

Annual Fees and Risk Avoidance

When choosing a credit card, it's important to consider the annual fee and any potential risks. Some credit cards charge high annual fees, which can offset any savings from not paying foreign transaction fees. Additionally, it's important to read the fine print and understand any potential risks, such as high-interest rates or penalties for missed payments.

Credit Card Company Recommendations

When it comes to credit card companies, it's important to choose a reputable company with excellent customer service. Some of the top credit card companies in Canada include American Express, TD Bank, and Scotiabank. However, it's important to do your research and choose a credit card company that meets your individual needs and preferences.

In conclusion, choosing a credit card with no foreign transaction fees can save you money and provide valuable benefits for travelers. The Scotiabank Passport Visa Infinite Card, Home Trust Preferred Visa, and Brim Financial World Elite Mastercard are all excellent choices for those looking for a credit card with no foreign transaction fees. When using these credit cards, it's important to pay your balance in full each month, be aware of exchange rates, and notify your credit card company of your travel plans. Additionally, it's important to consider annual fees and potential risks when choosing a credit card, and to choose areputable credit card companythat meets your individual needs.

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Canadian credit cardsno foreign transaction feestravel insurancecashback rewardsreputable credit card company
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