- 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 a top choice for those looking to save on interest payments, offering a competitive low rate and no annual fee, making it ideal for managing existing debt.
Pros:
- No annual fee
- Low interest rate
Cons:
- No rewards program
- Higher cash advance interest rate
- No rewards breakdown available
The MBNA True Line Gold Mastercard generally does not come with a standard welcome bonus or points offer.
The MBNA True Line Gold Mastercard does not offer a rewards program or earn any points or cash back on everyday spending.
The MBNA True Line Gold Mastercard is designed for Canadians who carry a balance, offering a low standard purchase interest rate of 10.99% and a manageable annual fee, making it a strong contender for those focused on minimizing interest costs.
Pros:
- Low purchase interest rate
- Ideal for those carrying a balance
Cons:
- Annual fee applies
- No rewards on purchases
3.National Bank Syncro Mastercard
National Bank
- No rewards breakdown available
You may receive $70 as a cashback bonus to your account if a minimum of $5,000 in net purchases is charged to the credit card account within the first 12 months.
The National Bank Syncro Mastercard offers no rewards program, meaning you do not earn points, miles, or cash back on your purchases.
The National Bank Syncro Mastercard shines for its low interest rate, making it an excellent choice for those who prioritize saving on interest rather than earning rewards.
Pros:
- Low interest rate
- No rewards program
Cons:
- Annual fee applies
- No rewards on purchases
- No rewards breakdown available
The welcome offer for the BMO Preferred Rate Mastercard includes 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, as it is designed as a low-interest card rather than a rewards card.
The BMO Preferred Rate Mastercard is a solid option for those looking to save on interest charges, featuring a low annual fee and a 0% introductory rate on balance transfers, making it a practical choice for managing debt.
Pros:
- Low annual fee
- 0% introductory rate on balance transfers
Cons:
- No rewards program
- Higher cash advance interest rate
5.CIBC Select Visa Card
CIBC
- No rewards breakdown available
The CIBC Select Visa Card offers a welcome promotion featuring a first-year annual fee rebate and 0% interest for up to 10 months on balance transfers of $100 or more (with a 1% transfer fee).
The CIBC Select Visa Card is a low-interest card rather than a traditional points or cash-back rewards card, but it offers specific perks and savings benefits.
The CIBC Select Visa Card is particularly appealing for those looking to transfer balances, offering a generous 0% interest for the first 10 months, making it a strategic choice for managing debt.
Pros:
- 0% interest for balance transfers
- First-year annual fee rebate
Cons:
- No rewards program
- Higher interest rates after promotional period
6.Scotiabank Value Visa Card
Scotiabank
- No rewards breakdown available
The Scotiabank Value Visa Card offers a promotional welcome bonus of 0% interest on balance transfers for the first 9 months, subject to a 1% balance transfer fee.
The Scotiabank Value Visa Card does not offer a rewards program or cash back on everyday purchases.
The Scotiabank Value Visa Card is designed for those who prioritize low interest rates over rewards, featuring a competitive 0% interest on balance transfers for the first 9 months, making it a practical choice for managing debt.
Pros:
- 0% promotional interest rate on balance transfers
- Low annual fee
Cons:
- No rewards program
- Higher interest rates after promotional period
7.TD Low Rate Credit Card
TD Canada Trust
- No rewards breakdown available
The TD Low Rate Visa Card welcome offer includes a 0% promotional interest rate on purchases for the first 6 months and a first-year annual fee rebate.
The TD Low Rate Visa Card does not offer standard point or cash-back rewards on everyday spending.
The TD Low Rate Credit Card is an excellent choice for those looking to minimize interest payments, featuring a low annual fee and a 0% introductory rate on purchases, making it a smart option for managing debt.
Pros:
- Low annual fee
- 0% promotional interest rate on purchases
Cons:
- No rewards program
- Higher interest rates after promotional period
Did you know?
Low ongoing interest rates cards suit balances you may carry. Compare purchase and cash-advance rates, fees, and whether a balance transfer offer is better for your timeline.
Final Words
As you navigate your options for low-interest credit cards this September, remember that choosing the right card can significantly impact your financial health. Take time to compare the features and benefits of each option to ensure you make an informed decision that aligns with your 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 Gold Mastercard generally does not come with a standard welcome bonus or points offer. It does not offer a rewards program or earn any points or cash back on everyday spending.
You may receive $70 as a cashback bonus to your account if a minimum of $5,000 in net purchases is charged to the credit card account within the first 12 months.
Low-interest credit cards may have annual fees that can range from $0 to over $100. It's important to evaluate whether the benefits of the card outweigh the fees based on your spending habits.
Consider factors such as the interest rate, annual fees, and any potential rewards or bonuses. Assess how often you carry a balance and which card features will best help you manage your finances.
The application process typically involves completing an online form with your personal information and financial details. Most issuers will provide a decision within a few minutes, but it may take longer for some applications.
Yes, many low-interest credit cards offer promotional balance transfer rates that can help you save on interest. Check the terms and conditions to see if there are limits or fees associated with balance transfers.
Low-interest credit cards can save you money on interest payments, making them ideal for those who carry a balance. Additionally, some cards may offer promotional rates for balance transfers, which can further help manage debt.
