- 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 interest rate
2.CIBC Select Visa Card
CIBC
- No rewards breakdown available
Transfer your credit card balance of $100 or more — get 0% interest for up to 10 months 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 on balance transfers for up to 10 months, making it a strategic choice 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
- Limited rewards structure
- No rewards breakdown available
Get a 0% introductory interest rate on Balance Transfers for 18 months with a 2% transfer fee and we'll waive the $29 annual fee for the first year.
The BMO Preferred Rate Mastercard does not offer a cash-back or points rewards program, as it is designed as a low-interest card rather than a rewards card.
The BMO Preferred Rate Mastercard shines for its low interest rates and the ability to transfer balances at 0% for 18 months, making it a solid option for those focused on debt management.
Pros:
- 0% introductory interest rate on balance transfers
- Low annual fee
Cons:
- No rewards program
- Higher cash advance interest rate
4.Tangerine Money-Back Credit Card
Tangerine
- 2%Cash back in up to three customizable categories
- 0.5%Cash back on all other purchases
Get a 10% welcome bonus in first 2 months up to $100.
The Tangerine Money-Back Credit Card gives you unlimited 2% cash back in up to three customizable categories of your choice, and 0.5% cash back on everything else.
The standout feature of the Tangerine Money-Back Credit Card is its flexibility, allowing cardholders to earn 2% cash back in categories they choose, making it a great fit for personalized spending habits.
Pros:
- No annual fee
- Customizable cash back categories
Cons:
- Higher interest rates
- Limited cash back on non-category purchases
Did you know?
Moving a credit card balance to a lower-rate card can cut interest while you pay down debt. Compare promotional interest rates, transfer fees, and how long the intro period lasts.
Final Words
As you consider the best balance transfer credit cards this September, remember that choosing the right card can significantly impact your financial health. Take time to compare the options available to you, ensuring you select a card that aligns with your financial goals and offers the most favorable terms.
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.
Transfer your credit card balance of $100 or more — get 0% interest for up to 10 months with a 1% transfer fee and a first year annual fee rebate.
Yes, the CIBC Select Visa Card has an annual fee of CA$29, but you can receive a rebate for the first year.
Get a 0% introductory interest rate on Balance Transfers for 18 months with a 2% transfer fee and we'll waive the $29 annual fee for the first year.
Consider factors such as the length of the promotional interest rate, any transfer fees, and whether the card has an annual fee. Evaluate your balance transfer amount and repayment timeline to find a card that aligns with your financial goals.
Balance transfer fees usually range from 1% to 3% of the amount transferred. It's important to factor these fees into your calculations when deciding which card to use for a balance transfer.
Most balance transfer credit cards require applicants to have a good to excellent credit score. Additionally, you must meet the issuer's income requirements and other eligibility criteria to qualify.
