When utilizing a journey bank card overseas as a Canadian, you’d assume that you simply’d be properly geared up for all of your journey purchases.
Nonetheless, the unusual actuality is that the majority travel-focused bank cards (and, in actual fact, nearly all Canadian bank cards typically) include a further overseas alternate price on high of the imposed alternate fee.
With the price of the whole lot from airfare to accommodations to eating places going up, this extra price feels further burdensome and might actually add up over the course of a visit.
The excellent news is that there are some nice bank cards on the market that supply no overseas transaction charges as a part of their perks and advantages package deal.
On this article, we’ll share our favorite bank card with no overseas transaction charges, and spotlight a number of different notable playing cards that we predict you would possibly like.
Canada’s Finest Credit score Card with No International Transaction Charges
International transaction charges are a further price charged by your bank card that’s added to purchases made when you’re overseas or any time you pay in a world foreign money (e.g., paying US {dollars} on a web site buy).
In Canada, overseas transaction charges are usually 2.5%. That is equal to $2.50 (all figures in CAD) for each $100 you spend.
Which means if you make a purchase order abroad or in a overseas foreign money, the cost in your month-to-month assertion will embrace not solely the overseas alternate based mostly in your financial institution/bank card’s fee, however it can additionally embrace the two.5% price.
When you journey usually or end up making numerous purchases in a overseas foreign money, it could profit you to have a bank card in your pockets that doesn’t levy overseas transaction charges so that you could save the two.5% every time.
Beneath, we’ll discover the main points of our favorite bank card with no overseas transaction charges, and we’ll take a fast have a look at a number of different notable playing cards that supply no overseas transaction charges as properly.
Scotiabank Passport® Visa Infinite* Card
Our decide for the most effective Canadian bank card with no overseas transaction charges is the Scotiabank Passport® Visa Infinite* Card.
As a Visa card, the Scotiabank Passport® Visa Infinite* Card is extensively accepted, making this card appropriate for all sorts of purchases.
Not solely does this card supply no overseas transaction charges, but it surely additionally means that you can earn Scene+ factors – probably the greatest fixed-value factors applications in Canada – on all of your purchases, and it usually comes with a wholesome welcome bonus in addition.
The Scotiabank Passport® Visa Infinite* Card earns Scene+ factors on the following charges:
- 3 Scene+ factors per greenback spent at Sobeys, IGA, Safeway, FreshCo, and different Empire-affiliated grocery shops
- 2 Scene+ factors per greenback spent on transit, groceries, eating, and leisure
- 1 Scene+ level per greenback spent on all different purchases
Thankfully, the class incomes charges apply in each Canada and overseas.
We’ve additionally chosen the Scotiabank Passport Visa Infinite as our high decide because it comes with six complimentary DragonPass lounge passes every year, and it boasts robust journey insurance coverage choices, together with emergency medical insurance coverage, journey cancellation and interruption insurance coverage, flight delay insurance coverage, rental automotive collision or harm insurance coverage and extra.

The cardboard comes with an annual price of $150, which is usually waived for the primary 12 months, relying on the supply.
Plus, in the event you make $6,000 in overseas transactions every year, you’ll have successfully saved the annual price, because you’d in any other case be charged 2.5% with a card that levies overseas transaction charges.
The cardboard has a reasonably commonplace minimal revenue requirement for Visa Infinite merchandise of $60,000 (private), $100,000 (family), which can make it out of attain for some individuals.
The Scotiabank Passport Visa Infinite is a superb card for frequent travellers who can benefit from the six complimentary lounge passes and who desire a Visa with no overseas transaction charges of their pockets.
Whereas the incomes charges aren’t the most effective out there (see the Scotiabank Gold American Specific® Card under), the cardboard does benefit from the huge acceptance of a Visa.
When you’re fascinated about signing up for this card or simply studying extra about its perks and advantages, try our full information, which incorporates an Apply Now hyperlink for if you’re prepared so as to add this nice card to your journey arsenal.
Scotiabank Passport® Visa Infinite* Card
- Earn 25,000 Scene+ factors upon spending $1,000 within the first three months
- Earn a further 10,000 Scene+ factors upon spending $40,000 within the first 12 months
- Earn 2x Scene+ factors on groceries, eating, leisure, and transit
- Plus, earn 3x Scene+ factors on grocery purchases at Sobeys, IGA, Safeway, and FreshCo
- Visa Airport Companion membership with six free lounge visits per 12 months
- Redeem factors for assertion credit score for any journey expense
- Minimal revenue: $60,000 private or $100,000 family
- Annual price: $150
Different Playing cards with No International Transaction Charges
Whereas we predict the Scotiabank Passport® Visa Infinite* Card stands out amongst no overseas transaction price playing cards because of its huge acceptability, complimentary lounge passes, and powerful journey insurance coverage protection, there are a number of different bank cards that will additionally converse to some travellers.
Scotiabank Gold American Specific® Card
When you’re on the lookout for an American Specific product with no overseas transaction charges, we suggest testing the Scotiabank Gold American Specific® Card.
Not solely does this card supply no overseas transaction charges, but it surely additionally means that you can earn Scene+ factors on all of your purchases with wonderful incomes charges in Canada.
Scene+ factors could be redeemed for good worth towards journey purchases at a fee of 1 cent per level, in addition to for on a regular basis purchases like groceries and gasoline.
This card additionally usually comes with a pleasant welcome bonus to bulk up your Scene+ account.
What units aside the Scotiabank Gold American Specific® Card as a great entry-level card is that it has a low minimal revenue requirement of solely $12,000, and its annual price is a reasonably commonplace $120. Relying on the supply, it could even be waived or rebated for the primary 12 months.
Moreover, the incomes charges on this card are fairly good (higher than the Scotiabank Passport Visa Infinite above), they usually break down as follows:
- 6 Scene+ factors per greenback spent on Sobeys, IGA, Safeway, FreshCo, and different Empire-affiliated grocery shops
- 5 Scene+ factors per greenback spent on groceries, eating, and leisure
- 3 Scene+ factors per greenback spent on gasoline, transit, and streaming companies
- 1 Scene+ level per greenback spent on all different purchases
In contrast to the Scotiabank Passport® Visa Infinite* Card, overseas transaction purchases will solely earn 1 level per Canadian greenback spent no matter what spending class they fall inside.
Regardless of its decrease minimal revenue requirement, the Scotiabank Gold American Specific® Card comes with insurance coverage protection that’s worthy of a premium card. This contains emergency medical insurance coverage, journey cancellation and interruption insurance coverage, flight delay insurance coverage, automotive rental insurance coverage, and extra.
This card is nice for somebody who’s seeking to benefit from the beneficiant incomes charges (in Canada), whereas additionally having an excellent journey card available.
When you’re somebody who enjoys flexibility of Scene+ factors, and is on the lookout for a no card with no overseas transaction charges and powerful journey insurance coverage, try extra particulars in our full information and apply for the cardboard by clicking Apply Now.
Scotiabank Gold American Specific® Card
- Earn 25,000 Scene+ factors upon spending $1,000 within the first three months
- Plus, earn an further 20,000 Scene+ factors upon spending $7,500 within the first 12 months
- Earn 6x Scene+ factors at Sobeys, IGA, Safeway, FreshCo, and extra
- Plus, earn 5x Scene+ factors on groceries, eating, and leisure
- Additionally, earn 3x Scene+ factors on gasoline, transit, and choose streaming companies
- Redeem factors for a press release credit score for any journey expense
- No overseas transaction charges
- Benefit from the unique advantages of being an American Specific cardholder
- Annual price: $120 (waived for the primary 12 months)
Scotiabank Passport® Visa Infinite* Enterprise Card
When you’re a enterprise proprietor who travels lots and/or is commonly making purchases in foreign currency echange, we suggest looking on the Scotiabank Passport® Visa Infinite Enterprise* Card.
This card is sort of equivalent to the private card, in that it has no overseas transaction charges, earns Scene+ factors, comes with six lounge passes, and has robust journey insurance coverage protection.
The place it differs is that the Scotiabank Passport® Visa Infinite Enterprise* Card comes with a flat incomes fee of 1.5 Scene+ level per greenback spent.
Whereas it is a decrease earn fee than the private model of the cardboard in lots of classes, the 1.5x fee is larger than the baseline 1x fee supplied by the opposite Scene+ playing cards, and a 1.5% fee of return is taken into account pretty good for a enterprise bank card.
The Scotiabank Passport® Visa Infinite Enterprise* Card is an efficient card to contemplate for enterprise house owners who’ve appreciable bills within the US and additional overseas, and for many who could make use of the journey insurance coverage and lounge passes.
To enroll in this card or to study extra its choices, try our full information. You’ll additionally discover an Apply Now button on the web page in the event you’re prepared to enroll now.
Scotiabank Passport® Visa Infinite Enterprise* Card
- Earn 30,000 Scene+ factors upon spending $5,000 within the first three months
- Earn 10,000 Scene+ factors upon spending $60,000 within the first 12 months
- Plus, earn 1.5x Scene+ factors on all purchases
- Precedence Move membership with six free lounge visits per 12 months
- No overseas transaction charges
- Qualify on the idea of your corporation financials
- $199 annual price
Moreover, try our information on making use of for enterprise bank cards even in the event you don’t presently have a enterprise.
Dwelling Belief Most popular Visa Card
When you’re simply on the lookout for a primary card with no overseas transaction charges to have available, think about the Dwelling Belief Most popular Visa Card. With no annual price, this card is straightforward to carry onto for everytime you would possibly want it.
As a no-fee card, it doesn’t include a bevy of perks and advantages; nevertheless, it does supply 1% money again on purchases made in Canadian {dollars} for if you use the cardboard at residence.
This easy card is nice alternative for somebody who’s simply seeking to save money on overseas foreign money purchases and who doesn’t have to earn journey factors or get pleasure from journey advantages (or is keen to forego these for the sake of saving on charges.
To study extra in regards to the Dwelling Belief Most popular Visa Card, test our full bank card information, which additionally contains an “Apply Now” hyperlink for if you’re prepared to enroll.
Dwelling Belief Most popular Visa Card
- Earn 1% money again on all transactions in Canadian {dollars}
- Plus, get monetary savings overseas with no overseas transaction charges
- Minimal annual revenue: $15,000 private
- No annual price
Conclusion
When travelling, bills can shortly add up and it’s all the time good to avoid wasting money the place you possibly can.
By utilizing a bank card with no overseas transaction charges, you prevent 2.5% on all of your abroad and overseas foreign money purchases, and this will shortly add as much as an honest sum.
Whether or not you select a card like Scotiabank Passport® Visa Infinite* Card for its huge acceptability, free lounge passes, and nice journey insurance coverage protection, or a easy card just like the no-annual-fee Dwelling Belief Most popular Visa Card, having a no overseas transaction price bank card in your pockets will definitely reap advantages.
If you wish to study much more about the most effective no overseas transaction price journey playing cards, try our YouTube video, and ensure you keep updated on all of the essential Miles & Factors offers and information, join our publication!