No Annual Fee Credit Cards
No Annual Fee credit cards, No Annual Fee credit card reviews and credit card application details.
No annual fee credit cards are a good solution for those who want to save on hefty fees when using a
credit card. Most big banks in Canada such as RBC Royal Bank and Toronto Dominion, as well as many chartered banks offer no annual fee credit cards.
RBC Rewards Visa Gold by the RBC Royal Bank is offered with no interest rate of 19.99 percent, annual fee, and free additional cards. The card is featured with zero cardholder liability, minimum credit limit of $1,000, and guaranteed hotel reservations. Chip and PIN technology and Visa pasWave are also available. As the name suggests, the card earns rewards points which can be redeemed for travel, gift cards and certificates, merchandise, and more. One bonus point is equal to one dollar charged to the card.
TD Canada Trust offers another no fee credit card, the Rebate Rewards Visa. The card is featured with a minimum credit limit of $1,500, no annual fee, 19.99 percent interest rate, and free additional cards. Likely applicants have a minimum household income of $12,000. The card earns between 0.5 and 1 percent in annual cash rebates. The
Rebate Rewards Visa comes with many beneficial options, including 24-hour account and cash access, no fee balance transfers, checking cashing privileges, budget rent-a-car preferred rates, and more.
A no fee credit card is offered by Scotiabank as well. The
No-Fee Scotiabank Value Visa Card goes with a minimum credit limit of $500, grace period of 21 days or over, interest rate of 16.99 percent, and zero annual fee. For a limited time, the bank offers interest rate of 1.99 percent for the first 6 months. Applicants have to be of legal age and show a minimum monthly income of $1,000 a month. Only Canadian citizens and landed immigrants can apply for this card. They should not have filed for bankruptcies during the last 7 years. To apply, clients of Scotiabank should provide their contact and personal details, together with monthly housing costs, employment information, monthly obligations, and gross monthly income.
Capital One features the SmartLine Platinum MasterCard which goes with no annual fee, interest rate of just 5.99 percent, and APR of 19.8 percent on cash advances. Only applicants with excellent credit rating are considered. This card is a good choice for persons who carry a balance, have minimum monthly income of $40,000 and moderate monthly spending. The card comes with plenty of additional benefits such as extended warranty, baggage delay insurance, travel accident insurance, zero fraud liability, and more. Master Global Services are also featured with the card, including emergency cash advances, emergency card replacement, and 24/7 telephone access. The Cash Back Gold MasterCard is another offer by Capital One, which comes with no annual fee, interest rate of 19.8 percent on cash advances and purchases, and up to 1 percent cash back on purchases charged to the card. Likely applicants are persons with good credit and minimum household income of $30,000. It is a good choice for people who do not carry a balance.