Low Interest Credit Cards

The following credit cards offer a lower interest rate on purchases than most credit cards. You can save money each month if you carry a balance and pay off your credit card debt faster by using these low interest rate cards. You can apply for these credit cards online by following the Apply Now link. All of these cards are available in Canada.

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Desjardins VISA® - Modulo GOLD Apply Now

Desjardins VISA® - Modulo GOLD

Interest on:

Annual Fee

$50

Purchases

9.90%

Cash Advances

9.90%

Balance Transfers

9.90%

  • The country’s lowest annual fixed interest rate: 9.9%
  • Earn up to 1% of your purchases in BONUSDOLLARS
  • Rewards program allows you to accumulate BONUSDOLLARS and exchange them against travel, gifts, tickets to shows and Desjardins products and services
  • Payment holiday feature where you can skip the minimum payment twice a year
  • Accord D Desjardins financing, a second, separate credit limit
  • Cash advances up to $5,000 a day, anywhere in the world

More information about the Desjardins VISA® - Modulo GOLD

The Canadian Western Bank Platinum Plus Mastercard® Credit Card Apply Now

The Canadian Western Bank Platinum Plus Mastercard® Credit Card

Interest on:

Annual Fee

$0

Purchases

9.99%

Cash Advances

24.99%1

Balance Transfers

9.99%2

Enjoy the flexibility of a major credit card and save with a lower annual interest rate and no annual fee

  • Enjoy a standard annual interest rate of 9.99% on purchases and balance transfers
  • Around-the-clock-fraud protection
  • Immediate cash access at over 1 million ATMs worldwide
  • No annual fee

  • Notes:
    1. 1% of amount advanced (minimum fee $7.50)
    2. 1% of amount advanced (minimum fee $7.50)

    Scotiabank Value® VISA* card Apply Now

    Scotiabank Value® VISA* card

    Interest on:

    Annual Fee

    $29

    Purchases

    11.99%

    Cash Advances

    11.99%

    Balance Transfers

    11.99%1

    • 0.99% introductory interest rate on balance transfers for the first 6 months*
    • Save hundreds of dollars in interest a year
    • Low 11.99% interest rate
    • Pay down balances faster
    • Simplify your monthly payments
    • Rates, fees and other information are effective as of February 1, 2018. Subject to change.

    The introductory 0.99% interest rate applies to cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) only. This rate applies when the new Scotiabank credit card account (“Account”) is opened and will continue for 6 months from that date (“the Promotional Period”). This offer cannot be used to transfer a balance from another Scotiabank Account, or to make a payment or deposit to another Scotiabank Account. After the Promotional Period, the 0.99% interest rate on any promotional balances (including that remain unpaid after the Promotional Period ends) will increase to the preferred interest rate on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) on your Account. Offer applies to new Accounts only that are opened by February 28, 2018. Offer may be changed or extended and cannot be combined with any other offer.

    The preferred annual interest rates for the Account are: 11.99% on purchases and 11.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). Rates and fees are subject to change.

    Notes:
    1. 0.99% for the first 6 months*
    More information about the Scotiabank Value® VISA* card

    No-Fee Scotiabank Value® VISA* card Apply Now

    No-Fee Scotiabank Value® VISA* card

    Interest on:

    Annual Fee

    $0

    Purchases

    16.99%

    Cash Advances

    16.99%

    Balance Transfers

    16.99%1

    • 3.99% introductory interest rate on balance transfers for the first 6 months*
    • A great low rate with no annual fee
    • Pay down balances faster
    • Simplify your monthly payments
    • Rates, fees and other information are effective as of February 1, 2018. Subject to change.

    The introductory 3.99% interest rate applies to cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) only. This rate applies when the new Scotiabank credit card account (“Account”) is opened and will continue for 6 months from that date (“the Promotional Period”). This offer cannot be used to transfer a balance from another Scotiabank Account, or to make a payment or deposit to another Scotiabank Account. After the Promotional Period, the 3.99% interest rate on any promotional balances (including that remain unpaid after the Promotional Period ends) will increase to the preferred interest rate on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) on your Account. Offer applies to new Accounts only that are opened by February 28, 2018. Offer may be changed or extended and cannot be combined with any other offer.

    The preferred annual interest rates for the Account are: 16.99% on purchases and 16.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). Rates and fees are subject to change.

    Notes:
    1. 3.99% for the first 6 months*
    More information about the No-Fee Scotiabank Value® VISA* card

    Harley-Davidson® Mastercard® credit card Apply Now

    Harley-Davidson® Mastercard® credit card

    Interest on:

    Annual Fee

    $0

    Purchases

    19.99%

    Cash Advances

    24.99%1

    Balance Transfers

    21.99%2

    You could be one purchase away from winning a Harley-Davidson® motorcycle††

    • You could get a 1.99% promotional annual interest rate (“AIR”) for 10 months on balance transfers [completed within 90 days of account opening], with a fee of 1% of the amount advanced (minimum fee of $7.50)
    • Earn 1 Genuine Rewards Point or every $2 in eligible purchases
    • Redeem your points for Harley Chrome® Cash to be used at participating Harley-Davidson Canadian retailers
    • Use your card for eligible purchases and you may be entered in a quarterly Harley-Davidson motorcycle draw
    • No annual fee

    Notes:
    1. 1% of amount advanced (minimum fee $7.50)
    2. 1% of amount advanced (minimum fee $7.50)
    More information about the Harley-Davidson® Mastercard® credit card

    Platinum Plus® Mastercard® credit card - 0% for 12 Apply Now

    Platinum Plus® Mastercard® credit card - 0% for 12

    Interest on:

    Annual Fee

    $0

    Purchases

    19.99%

    Cash Advances

    24.99%1

    Balance Transfers

    21.99%2

    Simplify your finances while enjoying platinum services.

    • 0% promotional annual interest rate† (AIR) on balance transfers✪ for the first 12 full months
    • Access to 24/7 customer service
    • Around-the-clock-fraud protection
    • Immediate cash access at over 1 million ATMS worldwide
    • No annual fee

    Notes:
    1. 1% of amount advanced (minimum fee $7.50)
    2. 1% of amount advanced (minimum fee $7.50)

    CIBC Select VISA® Card Apply Now

    CIBC Select VISA® Card

    Interest on:

    Annual Fee

    $29

    Purchases

    13.99%

    Cash Advances

    13.99%1

    Balance Transfers

    n/a2

    • Enjoy our lowest interest rate card
    • CIBC CreditSmart®, a revolutionary array of smart credit management features

    Notes:
    1. Interest rate not mentioned on website.
    2. Interest rate not mentioned on website.
    More information about the CIBC Select VISA® Card

    Laurentian Bank Visa® Black Reduced Rate Card Apply Now

    Laurentian Bank Visa® Black Reduced Rate Card

    Interest on:

    Annual Fee

    $25

    Purchases

    12.49%

    Cash Advances

    n/a1

    Balance Transfers

    n/a2

    • Benefit all year long from a low interest rate of 12.49%
    • Easily access extra cash with your credit card PIN

    Notes:
    1. Interest rate not mentioned on website.
    2. Interest rate not mentioned on website.

    RBC® VISA® Classic Low Rate Option Apply Now

    RBC® VISA® Classic Low Rate Option

    Interest on:

    Annual Fee

    $20

    Purchases

    11.90%

    Cash Advances

    11.90%

    Balance Transfers

    n/a1

    • Permanent low interest rate helps you save money when you carry a balance on your card
    • Purchase Security & Extended Warranty Insurance

    Notes:
    1. Interest rate not mentioned on website.
    More information about the RBC® VISA® Classic Low Rate Option

    TD Emerald VISA® Card Apply Now

    TD Emerald VISA® Card

    Interest on:

    Annual Fee

    $25

    Purchases

    n/a1

    Cash Advances

    n/a2

    Balance Transfers

    n/a3

    • Great value with a competitive low rate
    • Preferred variable annual interest rate is TD Prime + 1.75%, TD Prime + 3.75%, TD Prime + 5.75%, TD Prime + 6.75%, TD Prime + 7.75%, or TD Prime + 9.75%, depending on your credit assessment
    • As of April 2010, TD Prime is 2.250% current preferred rates range from 4.00% to 12.00%
    • Standard Rate of 21.0% applies if your minimum payment is more that 30 days past due

    Notes:
    1. Varies depending on TD Prime Rate and your credit assessment.
    2. Interest rate not mentioned on website.
    3. Interest rate not mentioned on website.
    More information about the TD Emerald VISA® Card

    TD Venture Line of Credit VISA® Card Apply Now

    TD Venture Line of Credit VISA® Card

    Interest on:

    Annual Fee

    $0

    Purchases

    n/a1

    Cash Advances

    n/a2

    Balance Transfers

    n/a3

    • Line of credit with Visa Card convenience
    • Low interest rates based on TD Prime
    • Apply only once! Once you're approved, yearly renewal is automatic, with no business plan review or interview (as long as your Account is in good standing throughout the year)
    • Approved based primarily on your personal creditworthiness
    • No interest-free grace period

    Notes:
    1. Based on TD Prime.
    2. Interest rate not mentioned on website.
    3. Interest rate not mentioned on website.
    More information about the TD Venture Line of Credit VISA® Card

    BMO Preferred Rate MasterCard Apply Now

    BMO Preferred Rate MasterCard

    Interest on:

    Annual Fee

    $20

    Purchases

    11.90%

    Cash Advances

    11.90%

    Balance Transfers

    n/a

    Welcome Offer: Get a 3.99% introductory interest rate on Balance Transfers for 9 months*

  • Enjoy our lowest interest rate of 17.5% on purchases and cash advances
  • Reduce interest charges even further: 11.9% rate for an additional $20 year
  • Free extended warranty and purchase protection
  • Zero dollar Liability: protects you from unauthorized use of your credit card
  • Worldwide acceptance at over 30 million locations

  • BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information. *Terms and conditions apply

    More information about the BMO Preferred Rate MasterCard
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