Credit Cards

Is there a Cash back NO Annual Fee VISA card ?

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  • Mar 28th, 2018 11:12 am
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Mar 22, 2018
30 posts
12 upvotes

Is there a Cash back NO Annual Fee VISA card ?

As the title says : Is there a Cash back NO Annual Fee VISA card ?

Even if its 1 % cash back that's fine, as long as there is NO Annual fee.

I see lot of NO annual fee cash back Mastercards , like the Tangerine MC etc , but I am yet to see a NO fee cash back VISA.

Some cash back VISA have first year fee waived etc, but I am looking for long term.

I am only seeing some rewards /loyalty points type NO annual fee VISA cards, but nothing for pure $$$ cash back NO annual fee VISA cards .
53 replies
Deal Guru
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May 8, 2009
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Leask
Home Trust. 1% CB, no-fx fee, no-AF.

Use cards to your advantage. I have grandfathered MBNA SC Infinite no-AF and don't use it (2% G&G, 1% everywhere else). I find no-AF cards simply aren't worth it unless it's a backup or for a specific infrequent purchase or expense. Even card benefits are crippled on most no-AF cards.
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Newbie
Feb 15, 2018
25 posts
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TD cashback visa

Although the earn rate is pretty bad lol
Newbie
May 8, 2016
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CIBC Dividend Visa Card, 2% cash back on grocery ($6000 max), 0.5% on others ($6000), 1% on others (over $6000)
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Jan 16, 2016
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Hamilton, ON
Literally google “no fee cashback Visa” ...
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Dec 3, 2017
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DUCA and many other credit unions offer a 1%cb Visa with no annual fee. I'd check out the credit unions near you and see what they offer.
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titaniumtux wrote: Home Trust. 1% CB, no-fx fee, no-AF.

Use cards to your advantage. I have grandfathered MBNA SC Infinite no-AF and don't use it (2% G&G, 1% everywhere else). I find no-AF cards simply aren't worth it unless it's a backup or for a specific infrequent purchase or expense. Even card benefits are crippled on most no-AF cards.
For me I just don't spend enough to justify a card with an annual fee. Also since most cards with cash back rewards with an annual fee only offer like .5% more at times I don't think it's worth it :/.
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Here 'n There
Why do it have to be VISA?
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Mar 21, 2017
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YWG
eonibm wrote: Why do it have to be VISA?
Because amazon visa just ended and I dont have any VISA cards atm.
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Nov 24, 2013
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cmacc16 wrote: Because amazon visa just ended and I dont have any VISA cards atm.
HomeTrust is a good fit as an Amazon replacement (it's also 0% FX fees), but there are probably dozens of no-fee cashback Visas. Bank ones (TD Cashback, Scotia Momentum No-Fee, etc.) can have some bad earn rates (0.5%, for example). Home Trust is good at 1%. Even the CIBC Tim Horton's Visa gets you 1% back redeemable at Tim's.
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YWG
Mike15 wrote: HomeTrust is a good fit as an Amazon replacement (it's also 0% FX fees), but there are probably dozens of no-fee cashback Visas. Bank ones (TD Cashback, Scotia Momentum No-Fee, etc.) can have some bad earn rates (0.5%, for example). Home Trust is good at 1%. Even the CIBC Tim Horton's Visa gets you 1% back redeemable at Tim's.
Haha I applied on Jan. 15 and haven't had a response. Called on the 5th week and the guy said he'd "email" me but no. lol Grinning Face With Smiling Eyes :facepalm:
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Poutinesauce wrote: Why do you want to get a Visa? I don't see a use for it actually.
Maybe for different benefits (concierge, etc.) which are *usually* non-existent with no-AF cards.
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Aug 29, 2012
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Yes but the thing is that usually the Visas which have benefits are tied to banks or big financial institutions and have an annual fee.

I wonder why that is. I have now 7 MasterCards and 2 Amexes. I'm going to cancel a couple of them eventually, but Visas just look so uninteresting. There isn't a single no-fee one I want.

Perhaps it is because traditionally, Visa has been more successful at establishing a relationship with banks (dating back to the Barclays days), whereas MasterCard courted retailers and other smaller players, who had more of an interest to offer more rewards in order to incite customers to get a card that was not from their bank.

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