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.

BMO Preferred Rate Mastercard®*

BMO Preferred Rate Mastercard®*

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$29
Annual Fee
13.99%
Purchases
15.99%
Cash Advances
15.99%
Balance Transfer

BMO Preferred Rate Mastercard®*

Welcome offer: Get a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee* and we’ll waive the $29 annual fee for the first year.*

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CIBC Select VISA* Card

CIBC Select VISA* Card

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$29
Annual Fee
13.99%
Purchases
13.99%
Cash Advances
13.99%
Balance Transfer

CIBC Select VISA* Card

Transfer your credit card balance and get 0% interest for up to 10 months with a 1% transfer fee and a first year annual fee rebate.

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MBNA True Line® Gold Mastercard® credit card

MBNA True Line® Gold Mastercard® credit card

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$39
Annual Fee
8.99%
Purchases
24.99%
Cash Advances
8.99%
Balance Transfer

MBNA True Line® Gold Mastercard® credit card

Standard Annual Interest Rates of 8.99% on purchases, 8.99% on balance transfers✪ and access cheques, and 24.99% on cash advances.

This offer is not available for residents of Quebec.

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MBNA True Line® Mastercard® credit card

MBNA True Line® Mastercard® credit card

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$0
Annual Fee
12.99%
Purchases
24.99%
Cash Advances
12.99%
Balance Transfer

MBNA True Line® Mastercard® credit card

You could get a 0% promotional annual interest rate (“AIR”) for 12 months on balance transfers✪ completed within 90 days of account opening.

This offer is not available for residents of Quebec.

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No-Fee Scotiabank Value® VISA* Card

No-Fee Scotiabank Value® VISA* Card

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$0
Annual Fee
16.99%
Purchases
16.99%
Cash Advances
16.99%
Balance Transfer

No-Fee Scotiabank Value® VISA* Card

A no annual fee card with a low 3.99% introductory interest rate on balance transfers for the first 6 months

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Desjardins VISA® - Modulo GOLD

Desjardins VISA® - Modulo GOLD

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$50
Annual Fee
10.90%
Purchases
10.90%
Cash Advances
10.90%
Balance Transfer

Desjardins VISA® - Modulo GOLD

Enjoy a low fixed annual interest rate on all your purchases and cash advances and earn up to 1% of your purchases in BONUSDOLLARS.

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Laurentian Bank Visa® Black Reduced Rate Card

Laurentian Bank Visa® Black Reduced Rate Card

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$25
Annual Fee
12.49%
Purchases
N/A
Cash Advances
N/A
Balance Transfer

Laurentian Bank Visa® Black Reduced Rate Card

For travellers, Laurentian Bank Visa® Black Reduced Rate Card can make sure your reservation is automatically guaranteed, regardless of your time of arrival, when you use your card to reserve a hotel room.

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RBC® VISA® Classic Low Rate Option

RBC® VISA® Classic Low Rate Option

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$20
Annual Fee
11.99%
Purchases
11.99%
Cash Advances
N/A
Balance Transfer

RBC® VISA® Classic Low Rate Option

A Classic low annual rate credit card from RBC. Permanent low interest rate helps you save money when you carry a balance on your card from purchases or cash advances

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