When a customer opts to get the latest introduced credit card, he is also entitled to get Marriott Rewards points earnings, an annual free night stay and a new cardholder welcome bonus of 30,000 points, claims the US firm.

Currently, Canadian consumers will have to pay 2.5% foreign currency transaction charge on purchases outside of Canada, in person or online, while the new credit card does not charge single pence as currency transaction fee, according to Chase.

Chase Card Services Canada chief executive officer Martin Parizeau said the Marriott Rewards Premier Visa Card lets Canadians get more out of their travels, whether business trips and family vacations.

"As Chase Canada launches the Marriott Rewards Premier Visa Card without foreign currency transaction charges, cardholders will derive real value on every transaction they make outside of Canada," Parizeau added.