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Ranking · Updated September 2026

Best First Year Free Credit Cards in Canada

Premium cards with no fee in year one. Get welcome bonuses, insurance, and perks risk-free.

5
cards
Best Cards1st Yr FreeCash BackTravelGroceriesGas & EVBusinessLow Interest
TD First Class Travel Visa Infinite Card
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TD First Class Travel® Visa Infinite* Card
TDTD RewardsFirst-Year Annual Fee Rebate
Annual fee
$139 $0
Base Rewards Rate
2x

TD Rewards

Our valuation
$1,039

Milesopedia estimatePlus the advantages you get from year one: rebated annual fee and annual credits. Rewards on your spending are not counted here — set your profile in the calculator below to add them.

Welcome Bonus
160,000 points

† + First Year Annual Fee Rebate

(Up to)

BMO eclipse Visa Infinite Card
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BMO eclipse Visa Infinite* Card
BMOBMO RewardsFirst-Year Annual Fee Rebate
Annual fee
$120 $0
Base Rewards Rate
1x

BMO Rewards

Our valuation
$589

Milesopedia estimatePlus the advantages you get from year one: rebated annual fee and annual credits. Rewards on your spending are not counted here — set your profile in the calculator below to add them.

Welcome Bonus
70,000 points

+ First Year Annual Fee Rebate*

(Up to)

BMO Ascend World Elite Mastercard
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BMO Ascend™ World Elite®* Mastercard®*
BMOBMO RewardsFirst-Year Annual Fee Rebate
Annual fee
$150 $0
Base Rewards Rate
1x

BMO Rewards

Our valuation
$820

Milesopedia estimatePlus the advantages you get from year one: rebated annual fee and annual credits. Rewards on your spending are not counted here — set your profile in the calculator below to add them.

Welcome Bonus
100,000 points

+ First Year Annual Fee Rebate*

(Up to)

Scotia Momentum Visa Infinite + Card
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Scotia Momentum® Visa Infinite +* Card
ScotiaCash BackFirst-Year Annual Fee Rebate
Annual fee
$120 $0
Base Rewards Rate
1x

Cash Back

Our valuation
$420

Milesopedia estimatePlus the advantages you get from year one: rebated annual fee and annual credits. Rewards on your spending are not counted here — set your profile in the calculator below to add them.

Welcome Bonus
$300

Cash Back + First Year Annual Fee Rebate

(Up to)

Ends Nov 1, 2026

CIBC Aventura Visa Infinite Card
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CIBC Aventura® Visa Infinite* Card
CIBCCIBC AventuraFirst-Year Annual Fee Rebate
Annual fee
$139 $0
Base Rewards Rate
1x

CIBC Aventura

Our valuation
$839

Milesopedia estimatePlus the advantages you get from year one: rebated annual fee and annual credits. Rewards on your spending are not counted here — set your profile in the calculator below to add them.

Welcome Bonus
45,000 points

† + First Year Annual Fee Rebate

(Up to)

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