Top 10 No-Fee Mastercards in Canada for October 2026
Published Oct 9, 2026 4:45 PM • 6 min read
Among the big three —Visa, American Express, and Mastercard—Mastercard is the most widely accepted credit card network in Canada. In this post, we'll look at the best no-annual-fee Mastercards on the market and discuss why they're some of the best Mastercard credit cards in Canada.
Data-driven rankings of 120+ credit cards using a proprietary algorithm
Comprehensive analysis using 25+ data points including terms and conditions, points programs, and more
Objective editorial approach - we strive for unbiased reviews following our editorial guidelines
FinlyWealth's credit cards content, including rankings and recommendations, is overseen by a team of engineers and writers who specialize in credit cards, banking, and personal finance. Our work has been featured in The Globe and Mail, GoBankingRates, and AOL. Our proprietary analysis systems evaluate product features, terms, and conditions to deliver comprehensive reviews and comparisons while maintaining strict editorial standards for accuracy and integrity.
Earn 10% cash back on up to $1,500 in purchases for the first 3 months
A $0 annual fee card which earns 1% cash back on eligible purchases, plus you get up to $150 in value in the first 3 months when you spend $1,500 in eligible purchases!
on Scotiabank's website
This is a paid advertisement. FinlyWealth may be compensated when you apply for or are approved for this product, and paid placements like this can affect where and how prominently offers appear. This compensation does not influence our editorial ratings or recommendations.
Our choice for: Best Overall
on Rogers Bank's website
Rogers, Fido, Shaw or Comwave customer?
Eligible customers unlock boosted rewards on this card
Welcome Bonus
Welcome Bonus varies
Annual Fee
$0
Interest Rates
21.99% - 25.99%* / 22.99% - 27.99%*
RECOMMENDED CREDIT SCORE
4.5/5
This card is one of the best in Canada, especially if you have 1 qualifying service with Rogers, Fido, Shaw or Comwave. With a qualifying service, you can effectively receive up to 2% cashback rate, which competitive against other no-fee contenders. Additionally, for a no-fee card, you gain access to an extensive list of travel benefits, many of which are typically offered only with cards that have annual fees. Therefore, we recommend this card to anyone who meets the income requirements, even if you are not a Rogers customer!
Awards & Recognition
Best No Fee Cash Back Credit Card
2026
Pros
- Top no-fee contender
- Member earning boosts
- USD optimization
- Comprehensive coverage
- Airport lounge membership
- Roam Like Home days
Cons
- High income requirements
- Annual spending caps
Rewards
- Earn 2% cash back on all eligible non-U.S. dollar purchases if you have 1 qualifying service with Rogers, Fido, Shaw or Comwave. Otherwise, earn 1.5% cash back on eligible non-U.S. dollar purchases.
- Plus, earn up to 3% cash back on eligible U.S. dollar purchases.
Insurance
Coverage
Travel Medical Insurance (64 & under)
Up to 10 daysTravel Medical Insurance (65 to 75)
Up to 3 days
Trip Cancellation
$1,000/person, $5,000 maximum
Trip Interruption
$1,000/person, $5,000 maximum.svg)
Car Rental Damage & Theft
31 days, $65,000 car MSRP
Purchase Protection
90 days
Extended Warranty
1 year
Benefits
Details
Airport Lounge - Dragon Pass
Discounted access to over 1300 airport lounges with Mastercard Travel Pass. Pass only, complimentary visits not included.
Roam Like Home Days
Get 5 Roam Like Home days at no cost, every year, with an eligible Rogers mobile plan.
Eligibility
Credit Score
GoodAnnual Income
$80,000 personal or $150,000 household
Our choice for: Best for Balance Transfers
on MBNA's website
Welcome Bonus
0% rate on balance transfers for 12 months (3% fee applies). Not available for residents of Quebec.†
Rewards Rate
0%
Annual Fee
$0
Interest Rates
12.99%* / 24.99%*
RECOMMENDED CREDIT SCORE
5/5
Voted the Best Balance Transfer Credit Card by FinlyWealth, the MBNA True Line offers a 0 percent introductory balance transfer rate, a feature that very few credit cards in Canada provide, along with a very competitive transfer fee. Beyond the promotional period, it continues to stand out with one of the lowest ongoing purchase interest rates in Canada. With no annual fee, this card is an excellent choice for Canadians looking to reduce interest costs.
Awards & Recognition
Best Balance Transfer Credit Card
2026
Pros
- No annual fee
- Balance transfer intro offer
- Low purchase interest rates
- Credit transfers
- Fraud protection
- Car rental discounts
Cons
- Flat transfer fee
- No rewards
Rewards
- No rewards earned on purchases.
- Standard Annual Interest Rates of 12.99% on eligible purchases, 17.99% on balance transfers✪, and 24.99% on cash advances.
- You could get a 0% promotional annual interest rate (“AIR”)† for 12 months on balance transfers✪ completed within 90 days of account opening, with a 3% transfer fee. This offer is not available for residents of Quebec.
- Use available credit on your credit card to transfer funds right to your chequing account.
- Around-the-clock fraud protection.
Benefits
Details
Car Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car in Canada and US and 5% internationally
Eligibility
Credit Score
GoodAnnual Income
N/A
Our choice for: Best for Groceries
on RBC's website
Welcome Bonus
Get 5% extra cash back on your first $2,000 in spend for 6 months. Apply by February 2, 2027.^
Annual Fee
$0
Interest Rates
21.99% / 22.99%□
RECOMMENDED CREDIT SCORE
2.5/5
The RBC Cash Back Mastercard is a solid no-fee option for those looking to earn 2% cash back on groceries and save on gas at Petro-Canada. However, the lower cash back rate on other purchases and limited insurance coverage make it a basic rewards card for everyday use. It’s great for those who prefer a no-annual-fee card with flexible cash back redemption options.
Pros
- Decent grocery optimization
- No annual fee
- Petro Canada perks
- Flexible redemptions
Cons
- Lower reward rates
- Limited insurance
Rewards
- Earn 2% cash back on groceries10
- Earn 1% cash back on gas, EV charging, transit, and rideshare10
- Earn 0.5% cash back on all your other everyday purchases10
- Earn UNLIMITED cash back12
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
Up to a year
Benefits
Details
.svg)
Gas Discount3
save 3¢/L on fuel and always earn 20% more Petro-Points at Petro-Canada
Extra points4
Get 3x Canadian Tire Money when you link your eligible RBC card to your Triangle Rewards account, scan your Triangle Rewards card and pay with your linked RBC CardExtra points5
Link your RBC Credit Card and earn 50 Be Well™ points on every $1 spent on eligible purchases at Rexall
Discount6
Add your credit card to your DoorDash account and get a 6-month complimentary DashPass subscription
Eligibility
Credit Score
GoodAnnual Income
N/A
Our choice for: Best for Customizable Cashback
on Tangerine's website
Welcome Bonus
Get $120 with a Tangerine® Money-Back World Mastercard®* and a limited time promo rate on balance transfers
Annual Fee
$0
Interest Rates
20.95%* / 22.95%*
RECOMMENDED CREDIT SCORE
4.6/5
While we think Tangerine World Mastercard isn't the best single credit card to own, it's still a valuable card to have in your arsenal for maximizing your rewards. It offers one of the highest cashback rates for pharmacy and recurring bill payments, areas where your other credit cards might not provide significant rewards. For no annual fees
Pros
- Customizable cashback
- No annual fee
- Unique cashback categories available
- High recurring transactions optimization
- High pharmacy purchase optimization
- Airport lounge membership
Cons
- Income requirements
- Low base earn rate
Rewards
- 2% Money-Back Rewards on your choice of two categories from the 13 offered by Tangerine (Grocery, Restaurants, Gas, Entertainment, Furniture, Hotel-Motel, Drug Store, Reccurring Bill Payments, Home Improvement, Public Transportation and Parking and more). Change them up every 90 days to match spending habits.
- Have your Money-Back Rewards deposited into a Tangerine Savings Account and get a third 2% Money-Back Category.
- 0.5% cashback on all other eligible purchases.
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
1 year
Mobile Device Insurance
$1,000Car Rental Damage & Theft
31 days
Benefits
Details
Airport Lounge - Dragon Pass
Pass only. No Complimentary visits!Wireless Credit
FlexiRoam 1GB Global Data Roaming Plan and 15% off on purchase of Data Plans.
Mastercard On-Demand and Subscription Services
Access 50+ live-stream sports channels and save $30 on your first three months of Fubo (excludes Quebec)
Eligibility
Credit Score
GoodAnnual Income
$50,000 personal or $80,000 household
Our choice for: Best Accessible Card for Rogers Customers
on Rogers Bank's website
Rogers, Fido, Shaw or Comwave customer?
Eligible customers unlock boosted rewards on this card
Welcome Bonus
Welcome Bonus varies
Annual Fee
$0
Interest Rates
21.99% - 25.99%* / 22.99% - 27.99%*
RECOMMENDED CREDIT SCORE
3.8/5
This card is one of our top-ranked options in terms of rewards, especially if you have 1 qualifying service with Rogers, Fido, Shaw or Comwave. With a qualifying service, you can effectively receive up to 2% cashback, which is competitive among other no-fee contenders. If you have a high income of $80K or a household income of $150K, you can apply for the World Elite® version of this card, which comes with additional insurance and benefits like a lounge pass.
Pros
- No annual fee
- Member boosting opportunities
- USD optimization
- Roam Like Home days
- Wide acceptance
Cons
- No insurance
- Low non-member rewards
- Annual spending caps
Rewards
- Earn 2% cash back on all eligible purchases if you have 1 qualifying service with Rogers, Fido, Shaw or Comwave. Otherwise, earn 1% cash back on eligible non-U.S. dollar purchases.
- Earn 2% cash back in all eligible purchases made in U.S. dollars.
Benefits
Details
Roam Like Home Days
Get 5 Roam Like Home days at no cost, every year, with an eligible Rogers mobile plan.
Eligibility
Credit Score
GoodAnnual Income
N/A
Our choice for: Best Accessible Card for Customizable Cashback
on Tangerine's website
Welcome Bonus
10% Cash Back (up to $100 value) + 1.95% balance transfer promo rate for 6 months
Annual Fee
$0
Interest Rates
20.95%* / 22.95%*
RECOMMENDED CREDIT SCORE
4.4/5
While we think Tangerine isn't the best single credit card to own, it's still a valuable card to have in your arsenal for maximizing your rewards. It offers one of the highest cashback rates for pharmacy and recurring bill payments, areas where your other credit cards might not provide significant rewards. This card only requires a Fair credit score, making it an excellent choice for people who don't have a high credit score yet.
Awards & Recognition
Best Starter Credit Card
2026
Pros
- Customizable cashback
- Unique categories available
- High recurring transaction optimization
- High pharmacy purchase optimization
- Bonus category available
- No annual fee
Cons
- Basic insurance
- Low base earn rate
Rewards
- 2% Money-Back Rewards on your choice of two categories from the 13 offered by Tangerine (Grocery, Restaurants, Gas, Entertainment, Furniture, Hotel-Motel, Drug Store, Reccurring Bill Payments, Home Improvement, Public Transportation and Parking and more). Change them up every 90 days to match your spending habits.
- Have your Money-Back Rewards deposited into a Tangerine Savings Account and get a third 2% Money-Back Category.
- 0.5% cashback on all other credit card purchases.
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
Up to a year
Eligibility
Credit Score
FairAnnual Income
$12,000 personal
Our choice for: Best for Food
on MBNA's website
Welcome Bonus
Up to 10,000 bonus points†† + 4x points on restaurant, grocery, digital media, membership and household utility purchases††
Annual Fee
$0
Interest Rates
21.99% / 22.99%
RECOMMENDED CREDIT SCORE
3.4/5
The MBNA Rewards Platinum Plus MasterCard is a solid no-annual-fee card choice with high returns on restaurant and grocery purchases, which are the most common spending categories for most people. Additionally, it offers one of the highest signup bonuses for a no-annual-fee card. However, there are two main considerations before choosing this card. If you are open to a card with an annual fee, many other cards offer better rewards. Furthermore, the points earned need to be used for travel to fully benefit from this card; otherwise, if you are not planning to use the points for travel, you are better off with a cashback or another type of card.
Pros
- Top no-fee contender
- Impressive optimization
- Generous welcome bonus
- Annual birthday bonus
Cons
- Low non-travel value
- Relatively weaker reward rates
Rewards
- Earn 4 points†† for every $1 spent on eligible restaurant, grocery, digital media, membership and household utility purchases during the first 90 days (these earn rates apply until $10,000 is spent annually in the applicable category)
- 2 points‡ for every $1 spent on restaurant, grocery, digital media, membership and household utility purchases (these earn rates apply until $10,000 is spent annually in the applicable category)
- 1 point‡ for every $1 spent on all other eligible purchases
- Each year, you will receive Birthday Bonus Points‡ equal to 10% of the total number of Points earned in the 12 months before the month of your birthday, to a maximum Birthday Bonus each year of 10,000 Points
Insurance
Coverage
Mobile Device Insurance
$1000Purchase Protection
Up to 90 daysExtended Warranty
Up to a year
Benefits
Details
Annual Birthday Bonus
10% of the Points earned the 12 months prior to the primary cardholder's birthday month (up to a max 10,000 bonus points per year)Car Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car in Canada and US and 5% internationally
Eligibility
Credit Score
GoodAnnual Income
N/A
Our choice for: Best for Flexible Benefits and Partner Rewards
on Neo Financial's website
Welcome Bonus
N/A
Annual Fee
$0
Interest Rates
19.99% - 29.99%□ / 22.99% - 31.99%
RECOMMENDED CREDIT SCORE
3.4/5
This card offers balanced rewards for everyday purchases. There's a secured version of this card too, which would be beneficial for those wanting to build credit and earn cash back at the same time at only $7.99/month.
Pros
- No annual fee
- Boosted partner cashback
- Instant approval and access
Cons
- Basic insurance coverage
- Spending caps
- Income requirements
Rewards
- 2% cash back on grocery purchases up to $1,000 spending per month
- 2% cash back on gas purchases up to $1,000 spending per month
- 2% cash back on recurring purchases up to $500 spending per month
- 0.5% cash back on all other purchases up to $2,500 spending per month
- Up to 15% boosted cashback at thousands of partners across Canada - on top of base cashback rates
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
1 year
Mastercard Zero Liability Protection
Yes
Benefits
Details
No Foreign Transaction Fees1
You can get all FX fees rebated up to $10K spending per month with a Neo Grow membership ($12.99/month cost or $0 with $20K across your Neo accounts)
World Mastercard Benefits
Including discounting with participating partners and DragonPass airport lounge access.
Eligibility
Credit Score
FairAnnual Income
$50,000 personal or $80,000 household
Our choice for: Best for Encouraging Positive Payment Habits
on Capital One's website
Welcome Bonus
N/A
Annual Fee
$0
Interest Rates
29.9%□ / 29.9%□
RECOMMENDED CREDIT SCORE
3.9/5
The Capital One Smart Rewards™ Mastercard® takes a completely unique approach to credit card rewards by rewarding payment behavior rather than spending. This Canadian card earns 5 points per dollar paid toward your balance instead of rewarding purchases, which encourages responsible financial habits and consistent payment behavior. At a 1.25% return on payments (with points worth 0.25 cents each), the rewards value is actually quite competitive for a no-annual-fee card, making it both a financial discipline tool and a legitimate rewards earner. This card is particularly appealing to those who want to avoid spending-based reward temptations while still earning meaningful returns, though it requires a different mindset than traditional rewards cards.
Pros
- Solid balance payment return
- Unique rewards structure
- No annual fee
- Encourages consistent payment behaviour
- Some travel coverage
- Enhanced insurance coverage
Cons
- Lower earning potential
- No purchase optimization
- No welcome offer
- Confusing rewards program
- Limited redemption options
Rewards
- 5 points per $1 paid towards your balance
Insurance
Coverage
Common Carrier Travel Accident Insurance
$250,000
Baggage Delay
$100/day up to 3 daysCar Rental Damage & Theft
Up to 31 daysPurchase Protection
120 daysExtended Warranty
double up to 2 years
Benefits
Details
Price Protection
60 days, Up to $100 per item, $500 per year
Eligibility
Credit Score
PoorAnnual Income
N/A
Our choice for: Best for Students
on BMO's website
Welcome Bonus
5% cash back for the first 3 months, up to $2,500 in spend
Annual Fee
$0
Interest Rates
21.99% / 23.99%□
RECOMMENDED CREDIT SCORE
4.8/5
We consider this card to be the best student credit card in Canada for it's competitive cashback rewards (3% on groceries, 1% on recurring bills), no annual fee and a generous welcome bonus. Plus, cashback redemption is flexible so no need to wait a year each time you want to get your cashback paid out.
Pros
- No annual fee
- Solid cashback optimization
- Shell fuel discounts
- Hotel booking discounts
- Entertainment discounts
Cons
- Low base earn rate
- Limited insurance
Rewards
- 3% cash back on grocery purchases (maximum $15 per statement)
- 1% cash back on recurring payments like bills or subscriptions (maximum $5 per statement)
- 0.5% cash back on all other purchases
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
1 year
Benefits
Details
Car Rental Discount
Save up to 20% on National Car Rental® and Alamo Rent A Car® and up to 5% on Enterprise Rent-A-Car® at locations worldwide using the Car Rental Booking tool.Discount
Get 20% off admission to Cirque du Soleil shows touring Canada, and 15% off resident shows in Las Vegas.Hotel Booking Discount
Save up to 7% on your Booking.com prepaid hotel or property rental bookings at booking.com/mastercardcanada.Discount
Enjoy three months of Instacart+ and a $5 monthly Instacart credit when you enroll your eligible BMO Credit Card. Terms apply.
Eligibility
Credit Score
PoorAnnual Income
N/A
From our editors: The full list of Best No-Annual-Fee Mastercard credit cards in Canada
Best overall: The Rogers Red World Elite Mastercard
The Rogers Red World Elite Mastercard is not only one of the best no-fee credit cards in Canada, but it's also one of the top credit cards in Canada. If you have a qualifying Rogers, Fido, Comwave or Shaw service, you can boost your cashback earnings. Another valuable feature of this card is its inclusion of travel insurance like trip interruption, trip cancellation, and emergency medical coverage, all of which are rare for a no-fee card!
The catch? The cashback on this card is primarily impressive for eligible members, plus you're required to have a high annual income to qualify. You'll also want to look out for annual spending caps. Read more in our Rogers Red World Elite Mastercard Review.
Best for Balance Transfers: MBNA True Line Mastercard
If you're looking to consolidate your debt into a balance transfer credit card, then the MBNA True Line Mastercard, one of the best balance transfer credit cards in Canada, is your best bet. This contender offers a 0% promotional interest rate on balance transfers for an entire year. Sure, the card lacks a rewards program and coverage, but it does provide car rental discounts. Read more in our MBNA True Line Mastercard Review.
Best for Groceries: RBC Cash Back Mastercard
The RBC Cash Back Mastercard earns unlimited cashback on groceries, plus decent unlimited cash back on gas, EV charging, transit, and rideshare. While coverage is pretty standard, cardholders can expect added perks like discounts on gas and DoorDash, and extra Be Well points and Canadian Tire Money. Not only does this contender avoid annual fees, it also dodges any annual income requirements. Learn more in our RBC Cash Back Mastercard Review.
Best for Customizable Earning: Tangerine World Mastercard
Maybe you'd like a little control over how you earn cashback. In that case, consider the Tangerine World Mastercard, a contender that lets you choose 2 cashback categories out of the 10 offered by Tangerine, plus a third when you deposit your earnings into a Tangerine Savings Account. Pick from common categories like gas, grocery, and restaurant purchases, select an uncommonly high-value category like pharmacy purchases or recurring bill payments, or choose a unique earning opportunity like furniture or home improvement.
This card also includes a couple of perks like car rental damage and theft insurance, mobile device insurance, and an airport lounge Dragon Pass membership. Just be sure to meet the annual income requirements to qualify. More details are available in our Tangerine World Mastercard Review.
Best Accessible Card for Rogers Customers: Rogers Red Mastercard
Let's say you're a qualifying Rogers, Fido, Comwave, or Shaw customer but you don't meet the high annual income requirements of the Rogers Red World Elite Mastercard. If so, apply for the Rogers Red Mastercard instead. This card receives nearly as much cashback on USD and non-USD purchases. Unlike the World Elite version, however, you'll miss out on valuable travel insurance, but you'll still have access to 5-day no cost roaming opportunities. Discover more in our Rogers Red Mastercard Review.
Best Accessible Card for Customizable Cashback: Tangerine Money-Back Credit Card
Similar to the Tangerine World Mastercard, but without the annual income requirements, this card also lets you select 2 cashback categories out of the 10 offered by Tangerine, plus a third when you deposit your rewards into a Tangerine Savings Account. The best part about these cards is that they give you the opportunity to optimize uncommon categories like home improvement or furniture purchases, and they have some of the highest no-fee cashback rates on recurring transactions and pharmacy purchases.
Learn more about this card by reading the Tangerine Money-Back Credit Card Review.
Best for Food: MBNA Rewards Platinum Plus Mastercard
For the best no-fee Mastercard for stocking the fridge and covering the restaurant bill, consider the MBNA Rewards Platinum Plus Mastercard. This card earns you solid points per dollar spent on eligible restaurant and grocery purchases, plus points on membership and household utility purchases.
The card also features mobile device insurance, car rental discounts, and an annual birthday bonus of extra points based on the previous year's earnings. Uncover more when you read our MBNA Rewards Platinum Plus Mastercard Review.
Best for Flexible Benefits and Partner Rewards: Neo World Mastercard – Gas & Grocery
The Neo World Mastercard – Gas & Grocery has a couple of unique features. For one, on top of the initial cashback rates on grocery, gas, and recurring purchases, cardholders can boost rewards even further by purchasing from Neo Partners. Secondly, spenders can to opt in and out of premium, travel, and wellness perks, subscribing only to what they need, when they need it. See more in our Neo World Mastercard – Gas & Grocery Review.
Best for Encouraging Positive Payment Habits: Capital One Smart Rewards Mastercard
The Capital One Smart Rewards Mastercard has one of the rarest reward systems on this list. Instead of earning points on every dollar spent, collect points per dollar paid towards your balance. In short, this system rewards positive payment behaviour rather than spending, making it an effective and lucrative financial discipline tool designed to help you build or improve credit.
This card also boasts coverage like travel accident, baggage delay, and car rental damage and theft insurance, plus rare price protection. Find out more in our Capital One Smart Rewards Mastercard Review.
Best for Students: Student BMO CashBack Mastercard
Still studying? BMO has your back with one of the best student credit cards in Canada. The Student BMO CashBack Mastercard earns you competitive cashback on groceries, plus decent cashback on recurring payments. The card also comes with a few benefits like discounts on car rentals, Cirque du Soleil shows, and prepaid hotel or property rental bookings made through Booking.com. Get the full breakdown in our Student BMO CashBack Mastercard Review.
Why Mastercard is a Preferred Choice in Canada
Mastercard's growing popularity among Canadians can be attributed to two key factors:
- Costco's partnership with Mastercard means that it's the only credit card they accept. Being exclusive to Mastercard holders, Costco allows cardholders to make bulk purchases at discounted rates while earning cash back!
- Walmart transactions using a Mastercard are classified as "grocery" at Walmart Supercenters while using Visa or Amex would be considered as "other." Essentially, the strategic classification of Walmart transactions amplifies your grocery rewards, giving Mastercard users an upper hand over other card types.
How to choose the best no-annual-fee Mastercard credit cards for you
Every credit card has its own unique rewards and benefits, so there is no single card that's one-size-fits-all. Ultimately, you'll want to select a no-fee Mastercard that complements your spending habits.
For example, if you're a Rogers customer, you may want to apply for the Rogers Red World Elite Mastercard or the Rogers Red Mastercard. Alternatively, if you're looking for more customizable cashback in rare categories or high optimization for pharmacy or recurring purchases, then you might want to get your hands on the Tangerine World Mastercard or the Tangerine Money-Back Credit Card (depending on your yearly income).
Frequently Asked Questions
The Rogers Red World Elite Mastercard is a top pick for overall value, offering generous cashback rewards, especially for qualifying Rogers, Fido, Comwave, and Shaw customers. The addition of valuable travel insurance also makes this contender a rare no-fee find. That said, the card comes with some high annual income requirements and may not be accessible to all.
The Tangerine World Mastercard allows cardholders to pick 2 spending categories out of the 10 offered by Tangerine, including everything from gas and groceries to recurring bill and pharmacy payments to home improvement and furniture purchases. This card also includes perks like mobile device insurance and an airport lounge Dragon Pass membership, just mind the annual income requirements!
The best credit-building no-fee Mastercard is the Zolve Classic Credit Card. This card offers easy approval for those with low to no credit, plus plenty of cashback on groceries, and the rare inclusion of digital wallet payment optimization.
If you don't need any premium perks or reward programs and you shop at Costco or purchase groceries from Walmart, then a no-annual-fee Mastercard is great choice.
For starters, why pay an annual fee for perks you don't need? Paid cards tend to have annual fees to account for luxury benefits that won't suit modest spenders. It's easy to find a solid everyday earner at no extra cost.
Secondly, as mentioned, Mastercards are accepted as payment at Costco warehouses and Walmart grocery purchases are counted towards grocery earnings.
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Abid Salahi
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Co-founder
Kevin started FinlyWealth and juggles a bit of everything—digging into data, running our marketing, and keeping the finances on track. Before this, he spent years as a data scientist at tech companies...
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