Top United States Credit Cards Offered in Canada (updated March 23, 2016)

It has been a while since we last updated this list. With the weak Canadian dollar, apparently slowly recovering, I thought I’d update the list of United States affiliated credit cards offered by Canadian financial institutions.

The benefits of having such a credit card is that you can convert your Canadian dollars into American dollars when the Canadian dollar is strong to lock in a more favourable rate ahead of time to be used pay these credit card bills later on. Unfortunately, now is not the best time to convert Canadian into US dollars (USD), so this option is more favourable for people who already have USD sitting around.

At the very last, you will not have to pay the foreign transaction fees for USD purchases. Just keep in mind that the foreign transaction fees are not waived for other purchases.

Below is the updated list of credit cards, which I have ranked according to the annual fees. You will notice that I have added the business cards as well:

BMO U.S. Dollar MasterCard for Business

• $25 USD annual fee
• $5 USD annual fee for supplementary cardholders (for employees)
• No rewards

Desjardins U.S Visa Card

• $30 USD annual fee
• No annual fee for supplementary cardholders (for spouse and other family members)
• No rewards

Desjardins U.S Business Visa Card

• $30 USD annual fee
• No annual fee for supplementary cardholders
• No rewards

BMO U.S. Dollar MasterCard

• $35 USD annual fee (next year’s fee waived if you spend $1,000 per year, based on your anniversary date)
• No annual fee for supplementary cardholders (no limit mentioned)
• No rewards

Scotiabank U.S. Dollar Visa Card

• $35 USD annual fee
• No annual fee for supplementary cardholders (no limit mentioned)
• No rewards

CIBC U.S. Dollar Visa Card

• $35 USD annual fee
• No annual fee for supplementary cardholders (to a maximum of 3)
• No rewards

National Bank U.S. Dollar MasterCard

• $35 USD annual fee
• No annual fee for supplementary cardholders (to a maximum of 3)
• No rewards

National Bank U.S. Dollar MasterCard Business

• $35 USD annual fee
• No annual fee for supplementary cardholders (to a maximum of 3)
• No rewards

TD U.S. Dollar Visa Card

• $39 USD annual fee
• No annual fee for supplementary cardholders (up to 3 limit)
• No rewards

RBC U.S. Dollar Visa Gold

• $65 USD annual fee
• $30 USD for supplementary cardholders
• Earn 1 RBC Rewards point for every $1 spend on all purchases