Best Low Interest Credit Cards in Canada This November 2025
Over 62% of Canadian consumers are actively seeking more cost-effective credit card options in 2025. Global News reports that financial flexibility remains a top priority for households managing monthly expenses. With rising living costs, finding a low interest credit card can significantly reduce financial strain and help Canadians optimize their personal banking strategies. For those looking to minimize interest charges, this comprehensive guide will explore the most competitive low interest credit card options available this November. Whether you're managing debt or seeking financial efficiency, credit card comparison can help you make an informed decision.
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Summary Table for Best Low Interest Credit Cards in Canada This November 2025
| Card | Annual Fee | Welcome Bonus | Best For | Apply |
|---|---|---|---|---|
|
Scotiabank Platinum American Express® Card Travel Rewards |
$399 | 80,000 Scene+ points (up to $2,500 in value) | Travel Rewards | Apply |
|
Desjardins Flexi Visa Cash Back |
$0 | No welcome bonus | Cash Back | Apply |
|
RBC RateAdvantage Visa Credit Card Everyday Spending |
$0 | None | Everyday Spending | Apply |
|
TD Low Interest Credit Card Everyday Spending |
$25 | 0% promotional rate for 6 months | Everyday Spending | Apply |
|
Home Trust Secured Visa Card Cash Back |
$0 or $59 | Contact for details | Cash Back | Apply |
1. Scotiabank Platinum American Express® Card
The Scotiabank Platinum American Express® Card is a premium travel rewards credit card offering exceptional value for frequent travelers, featuring a generous welcome bonus of up to 80,000 Scene+ points and multiple high-earning reward categories across travel, dining, and everyday purchases.
Scotiabank Platinum American Express® Card
- 10 complimentary airport lounge passes
- Travel insurance coverage
- Mobile device insurance
- Purchase protection
Pros
- Low 9.99% interest rate
- Comprehensive travel insurance
- Multiple airport lounge access passes
- High welcome bonus value
Cons
- High annual fee of $399
- Requires $12,000 minimum personal income
- Limited to Scene+ point redemption ecosystem
Why is it Our Top Pick?
The Scotiabank Platinum American Express® Card stands out with its exceptional welcome bonus, low interest rates, and comprehensive travel benefits. Its 2x points earning on all purchases and 10 complimentary lounge passes make it an outstanding choice for frequent travelers seeking maximum value and premium perks.
2. Desjardins Flexi Visa
The Desjardins Flexi Visa is a low-interest credit card designed for budget-conscious consumers, offering a competitive interest rate and no annual fee, making it an ideal choice for those who occasionally carry a balance.
Desjardins Flexi Visa
- No annual fee
- Low interest rates
- Basic travel insurance
- Mobile device insurance
- 25-day grace period
Pros
- No annual fee
- Low purchase interest rate (10.9%)
- Basic insurance coverages
- 25-day grace period for balance payment
Cons
- No rewards or cash back program
- No welcome bonus
- Limited premium features
- Basic insurance coverage
3. RBC RateAdvantage Visa Credit Card
The RBC RateAdvantage Visa is a low-interest credit card designed for budget-conscious consumers who want to minimize interest charges. With a variable interest rate tied to your credit score and no annual fee, this card offers a smart solution for those looking to manage their credit expenses effectively.
RBC RateAdvantage Visa Credit Card
- Low variable interest rate based on credit score
- No annual fee
- Extended warranty and purchase protection
- Worldwide credit card acceptance
Pros
- No annual fee
- Low variable interest rate
- Purchase protection and extended warranty
- Fuel savings at Petro-Canada
Cons
- No rewards program
- No welcome bonus
- Interest rate depends on credit score
4. TD Low Interest Credit Card
The TD Low Rate Visa Card offers budget-conscious consumers an attractive low-interest solution with a competitive 12.90% interest rate and a tempting 0% promotional rate for the first 6 months. This card is ideal for those looking to minimize interest charges and manage their credit expenses efficiently.
TD Low Interest Credit Card
- 0% promotional interest rate for first 6 months
- Low 12.90% standard interest rate
- No additional cardholder fee
- Straightforward low-interest credit option
Pros
- Low 12.90% interest rate
- 0% promotional rate for 6 months
- No additional cardholder fee
- Simple credit card option
Cons
- No rewards program
- $25 annual fee
- Limited promotional benefits
- Higher rate in Quebec (13.90%)
5. Home Trust Secured Visa Card
The Home Trust Secured Visa Card is an ideal credit solution for individuals with limited or damaged credit history, offering flexible credit limits and two distinct interest rate options to help rebuild financial credibility.
Home Trust Secured Visa Card
- Designed for people with untraditional credit histories
- Flexible credit limit based on security deposit
- Two interest rate options
- Helps rebuild credit score
- No specific cash back or rewards program for secured card
Pros
- No annual fee option available
- Helps rebuild credit
- Credit limit set by security deposit
- Accessible for students and newcomers to Canada
Cons
- Requires a security deposit
- Higher interest rates compared to traditional credit cards
- No rewards program
- Limited flexibility compared to unsecured cards
Final Words
Selecting the ideal financial product ultimately depends on your individual goals, spending patterns, and financial situation. We recommend comparing the features and benefits of our top picks, then taking action to optimize your financial strategy for the current market conditions.
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Frequently Asked Questions: Best Low Interest Credit Cards in Canada This November 2025
What are the lowest interest credit cards in Canada for 2025?
The RBC RateAdvantage Visa Credit Card offers one of the lowest ongoing interest rates at approximately 12.9% for purchases and balance transfers.
How do I choose the best low interest credit card in Canada this November?
Compare cards like the Scotiabank Platinum American Express® Card and TD Low Interest Credit Card, focusing on annual interest rates, annual fees, and additional benefits.
Which low interest credit cards are best for people with average credit in Canada?
The Home Trust Secured Visa Card is an excellent option for those rebuilding credit, offering a low interest rate and guaranteed approval with a security deposit.
What are the credit score requirements for low interest credit cards in Canada?
Most low interest credit cards like the Desjardins Flexi Visa require a minimum credit score between 600-650 for approval.