If you are looking for Canadian no annual fee credit cards with rewards, there are various offers to look into. Among the recommended credit cards for Canadians are the Capital One Aspire Gold MasterCard, the MBNA Sony MasterCard Credit Card, and the MBNA Best Western MasterCard. American Express also offers two varieties of no annual fee credit cards – the AIR Miles Credit Card along with the AIR MILES Gold Business card. As you can see, there are plenty of offers on the Canadian market, intended for businesses and individual cardholders.
One offer to look into is the MBNA Best Western MasterCard, featured with 20,000 bonus points and no annual fee. Every dollar you spend in qualifying purchases earns 1.5 points, and you earn 50 points for cash advances over $50. You can earn more points if you choose to shop at the retail partners of MBNA. This credit card is featured with a standard rate of 19.99 percent on purchases, cash equivalents (cash advances), and cheque cash advances/ balance transfers. The standard rate increases by 5 percent to the default rate if you make late payments two or more times within twelve billing cycles. These are consecutive.
Another option for people who want to find a deal is MBNA Sony MasterCard no fee credit card. The first qualifying purchase you make brings you a welcome bonus of 2,000 BONUS Sony Points. You also get one Sony Point for every dollar spent in purchases, and double points are offered when buying Sony merchandise. You qualify for double points only if you shop at authorized Sony dealers. Rewards points can be redeemed for entertainment, games, latest electronics, and much more. The card goes with 19.99 percent interest, but the default rate is 24.99 percent.
You can check the Capital One Aspire Gold MasterCard as well, also featured with no annual fee. No annual fee applies to authorized users, too. Every dollar in purchases earns the cardholder one reward mile, and the anniversary bonus is 1,000 points. The annual interest rate on cash advances, balance transfers, and purchases stands at 19.8 percent. Benefits include purchase assurance, price protection, baggage delay insurance, and more. If your household income is $30,000 or over, you don’t carry a balance, and want to earn rewards points, this card is suitable for you. On the other hand, it may not be good for you, if you typically charge $1,000 or less a month Finally, you should have good or excellent credit to qualify.
The Delta SkyMiles Gold MasterCard is another Capital One credit card, also going with rewards and no annual fee. Every dollar spent in Delta purchases brings you one point. The first purchase earns a welcome bonus of 2,500 points. The interest rate on this card is also 19.8 percent.
A guide to obtaining an AMEX in Canada.
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