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No Annual Fee Credit Cards in Canada

What is a no annual fee credit card?

Many credit cards require customers to pay an annual fee to earn rewards on their day-to-day transactions and access other benefits. We offer a suite of cards in Canada for those looking to earn rewards on everyday purchases with no annual fee.

Compare the Best TD Credit Cards with No Annual Fee

Recently Viewed

TD Cash Back Visa* Card

Earn Cash Back Dollars. Redeem them to help pay down your Account balancea1.

$0

 Annual Fee

19.99%

Interest: Purchases

22.99%

Interest: Cash Advances

View Details

Apply now
Special Offer Recently Viewed

TD Rewards Visa* Card

Earn a value of $50UDINQEN14,UDINQEN14plus in TD Rewards Points to use on eligible Amazon.ca purchases plus, no Annual Fee. Conditions Apply. Account must be approved by January 6, 2025.

$0

 Annual Fee

19.99%

Interest: Purchases

22.99%

Interest: Cash Advances

View Details

Apply now
Recently Viewed

TD Business Cash Back Visa* Card

Invest back into your business with Cash Back Dollars.

$0 Annual Fee

19.99%

Interest: Purchases

22.99%

Interest: Cash Advances

View Details

Apply online
Recently Viewed

TD Business Select RateTM Visa* Card

Save on interest to grow your business with confidence

$0 Annual Fee

11.99%

Interest: Purchases

11.99%

Interest: Cash Advances

View Details

Apply online

Benefits of a no annual fee credit card

Aside from no annual fee, you also get to enjoy additional perks, such as TD Reward Points, Cash Back Dollars, travel benefits and more - depending on the card you choose.

  • Redemption flexibility

    Redeem your cash back dollars towards your statement balance1 and your TD Rewards Points towards travel, merchandise and more.

  • Travel benefits

    Travel benefits such as discounts on rentals from Avis Rent-A-Car4 and Budget Rent-A-Car5.

  • Purchase security

    Access to Purchase Security and Extended Warranty Protection including coverage for items you’ve purchased with your Card6

  • No expiry of rewards

    Your Cash Back Dollars or TD Rewards Points never expire as long as your account is open and in good standing.

Why should you choose a no annual fee credit card?

There are several reasons why you might prefer a TD no annual fee credit card in Canada.

  1. If you’re new to credit cards.
    You may find that a TD Rewards Visa Card or TD Cash Back Visa Card with no annual fee is all you need to start earning the Points or Cash Back Dollars on everyday purchases.

  2. If you want to start building your credit.
    A credit card with no annual fee is a great way to build your credit when used responsibly.

  3. If you don’t use a credit card often.
    If you know you’re not likely to use a credit card regularly then a no annual fee credit card could be perfect to suit your needs.

  4. If you don’t require the additional benefits.
    If you don't need additional benefits offered by credit cards with higher annual fees, it's makes more financial sense to go for a no annual fee card, and still receive many of the same benefits and rewards.

  5. Earn big rewards on the little things.
    Earn 50% more Stars at participating Starbucks® stores. Simply link your eligible TD Credit Card with your Starbucks® Rewards account to start earning. Conditions apply. Learn more.

Helpful questions about no annual fee credit cards

You get to enjoy the benefits of a credit card without being charged the annual fee. However, it’s worth keeping in mind that there are still other charges associated with these credit cards, such as cash advances, late payments and interest charges.

When shopping for a credit card that fits your needs, a good rule of thumb is to apply for the card that offers you the best overall value. You can compare welcome bonuses, annual fees, and ease of redemption while making the best choice to suit your needs. A TD Rewards Visa* Card or TD Cash Back Visa* Card might end up being the best no annual fee option depending on your individual requirements.

  • TD Rewards Visa* Card

    • Earn TD Rewards Points on all eligible purchases you make with your card7.
    • Redeem your TD Rewards Points on a wide variety of rewards at Expedia® For TD, Amazon.ca with Amazon Shop with Points, Starbucks® and more.
    • Mobile device insurance of up to $1000 if you lose or damage your phone.
    • Get discounts on car rentals4, 5 within Canada, and the U.S.
    • Option to purchase TD Auto Club Membership14 and be covered 24 hours a day for emergency roadside assistance services in case something goes wrong when you are out on the road.

  • TD Cash Back Visa* Card

    • Earn Cash Back Dollars on all purchases you make with your card8 and earn an even higher Cash Back rate on everyday purchases on groceries, gas9 and regularly recurring bill payments10.
    • Redeem1 your Cash Back Dollars to help pay down your Account balance, whenever you please - the choice is yours!
    • Get discounts on car rentals4, 5 within Canada and the U.S.
    • Your Cash Back Dollars never expire as long as the account is open, active and in good standing.
    • Option to purchase TD Auto Club Membership14 and be covered 24 hours a day for emergency roadside assistance services in case something goes wrong when you are out on the road.

When looking for a credit card that suits the needs of your business, every little perk can help. That’s why it’s worth taking the time to compare the cards available to you – and understanding the features on those cards. Below are two no annual fee TD Business Credit Cards worth considering.

  • TD Business Cash Back Visa* Card

    • Earn Cash Back Dollars on all purchases made with your card and earn even more cash back dollars on eligible Office Supply Purchases and Gas Purchases14
    • Shop with ease, knowing your Cash Back Dollars never expire as long as your account is open and in good standing.
    • Shop with confidence, knowing you have coverage for most of your eligible new purchases with Purchase Security and Extended Warranty Protection6.
    • Get access to the Card Management Tool: An easy way to access online reporting, review your business expenses, manage your existing credit limits and apply spend controls.

  • TD Business Select Rate Visa

    • Have option to choose no annual fee with an 11.99% interest rate, or if you often carry a balance, you can choose to pay an annual fee of $49 and receive a lower interest rate of 8.99% on purchases and cash advances.
    • Enjoy a 21-day interest-free grace period on all new Purchases, if you pay your Statement Balance in full prior to your Payment Due Date15.
    • Shop with confidence, knowing you have coverage for most of your eligible new purchases with Purchase Security and Extended Warranty Protection6.
    • Additional Auto Rental Collision/Loss Damage Insurance coverage for up to 48 consecutive days17
    • Get access to the TD Card Management Tool: An easy way to access online reporting, review your business expenses, manage your existing credit limits and apply spend controls.

More options to serve you

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