- No rewards breakdown available
You could get a 0% promotional annual interest rate (“AIR”) for 12 months on balance transfers completed within 90 days of account opening.
The MBNA True Line® Mastercard® does not earn rewards or cash back on purchases.
The MBNA True Line® Mastercard stands out as the top choice because it offers a low interest rate and no annual fee, making it ideal for those looking to save on existing debt.
Pros:
- No annual fee
- Low interest rate
Cons:
- No rewards or cash back
- Higher cash advance rate
2.CIBC Select Visa Card
CIBC
- No rewards breakdown available
Get 0% interest for up to 10 months on balance transfers of $100 or more (with a 1% transfer fee) and a first year annual fee rebate.
The CIBC Select Visa Card is a low-interest card rather than a traditional points or cash-back rewards card.
What sets the CIBC Select Visa apart is its introductory offer of 0% interest for up to 10 months on balance transfers, making it a strong option for those looking to manage debt.
Pros:
- 0% interest for up to 10 months on balance transfers
- First year annual fee rebate
Cons:
- Annual fee applies after the first year
- No rewards program
- No rewards breakdown available
Get a 0% introductory interest rate on balance transfers for 18 months with a 2% transfer fee, plus the $29 annual fee waived for the first year.
The BMO Preferred Rate Mastercard does not offer a cash-back or points rewards program.
The standout feature of the BMO Preferred Rate Mastercard is its 0% introductory interest rate on balance transfers for 18 months, making it an excellent choice for those looking to pay down existing debt.
Pros:
- 0% introductory interest rate on balance transfers for 18 months
- Low annual fee
Cons:
- No rewards program
- Higher cash advance rate
Did you know?
A 0% promotional interest rate window helps finance a purchase or pay down a credit card balance if you have a payoff plan before the promotional rate ends.
Final Words
As you consider the best 0% APR credit cards available this September in Canada, remember to evaluate your financial needs and spending habits carefully. Take time to compare different options to ensure you make an informed decision that aligns with your financial goals.
Frequently Asked Questions
You could get a 0% promotional annual interest rate (“AIR”) for 12 months on balance transfers completed within 90 days of account opening.
The MBNA True Line® Mastercard® does not earn rewards or cash back on purchases.
Get 0% interest for up to 10 months on balance transfers of $100 or more (with a 1% transfer fee) and a first year annual fee rebate.
The CIBC Select Visa Card is a low-interest card rather than a traditional points or cash-back rewards card.
Get a 0% introductory interest rate on balance transfers for 18 months with a 2% transfer fee, plus the $29 annual fee waived for the first year.
The BMO Preferred Rate Mastercard does not offer a cash-back or points rewards program.
Consider factors such as the length of the 0% APR period, balance transfer fees, annual fees, and whether you need rewards. Comparing these elements can help you find a card that aligns with your financial goals.
Most credit cards charge a balance transfer fee, typically around 1% to 3% of the amount transferred. It's important to factor in these fees when calculating potential savings from transferring your balance.
