Show calculator

Your Low Balance Transfer Rate Credit card search results

Your Low Balance Transfer Rate Credit card search results

8 Matches

Credit cards are ranked below so you can find the best credit cards for you

  • Platinum Plus® MasterCard® credit card - 0% for 12
    low balance transfer rate credit cards mbna platinum plus Platinum Plus® MasterCard® credit card - 0% for 12
    • Balance Transfer Intro Rate: 0%
    • Length of Balance Transfer Intro Rate: 12 months
    • Balance Transfer Fee: 1%
    • Annual Fees: $0
    Apply now
    • $1,329
      Your Balance Transfer Savings
    • 0%
    • 12 months
    • 1%
    • $0

    Get 0% annual interest rate† (AIR) on balance transfers✪ for the first 12 full months

    Snapshot of card features
    • Simplify your finances while enjoying platinum services 
    • 0% promotional annual interest rate† (AIR) on balance transfers✪ for the first 12 full months
    • Access to 24/7 customer service
    • Around-the-clock-fraud protection
    • Immediate cash access at over 1 million ATMS worldwide
    • No annual fee
  • Best Western MasterCard® credit card
    best western rewards mastercard Best Western MasterCard® credit card
    • Balance Transfer Intro Rate: 1.99%
    • Length of Balance Transfer Intro Rate: 10 months
    • Balance Transfer Fee: 1%
    • Annual Fees: $0
    Apply now
    • $991
      Your Balance Transfer Savings
    • 1.99%
    • 10 months
    • 1%
    • $0

    Reward yourself with a free night's stay. You could get a FREE night with the Best Western Rewards® MasterCard® credit card‡

    Snapshot of card features
    • Earn 1 Best Western Rewards® point for every $1 in eligible purchases‡ 
    • Earn 5 Best Western Rewards® points for every $1 in eligible purchases at Best Western properties‡ 
    • Earn 20,000 Best Western Rewards® points†† on your first purchase – enough for a free night stay 
    • You will be awarded "Gold Status" upon first use of your credit card and "Diamond Status" when you spend $10,000 in eligible purchases within one year◊◊ 
    • No limit to the Best Western Rewards® points that can be earned using the credit card in a year 
    • Use your Best Western Rewards® points in many ways – hotel stays, elite status upgrades◊◊, dining, airfare, gift cards and more. 
    • 1.99% promotional annual interest rate† (AIR) on balance transfers✪ for the first 10 full months
  • The NEW SimplyCash Preferred Card from American Express
    SimplyCash Preferred The NEW SimplyCash Preferred Card from American Express
    • Balance Transfer Intro Rate: 0%
    • Length of Balance Transfer Intro Rate: 6 months
    • Balance Transfer Fee: 1%
    • Annual Fees: $79
    Apply now
    • $652
      Your Balance Transfer Savings
    • 0%
    • 6 months
    • 1%
    • $79

    Earn 5% cash back on ALL purchases in the first 6 months (up to $400 cashback)! 0% balance transfer for 6 months.

    Snapshot of card features
    • New SimplyCashTM Preferred Card from American Express. Cardmembers can earn 5% cash back on all eligible purchases (up to $400 cash back) for the first 6 months of Cardmembership1
    • Earn 1.5% cash back on all other purchases when your Welcome Rate ends (up to $100,000 anually) and 1.25% after
    • No limit to the amount of cash back you can earn
    • No annual fee for Supplementary Cards
    • Optional Balance Transfer Offer for new Cardmembers - Enjoy a 0% interest in first 6 months** if you choose to transfer your other credit card balances to this American Express at time of online application. Have the flexibility to pay your balance off in full or over time 
    • Access to memorable experiences with American Express Invites®
    • Extensive insurance coverage and 24/7 Customer Service
    • $79 annual fee
    • You can use Apple Pay on your eligible device to pay for goods and services at participating American Express contactless merchants
    • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Offer subject to change without notice.
    • Conditions apply 
  • The NEW SimplyCash Card from American Express
    The NEW SimplyCash Card from American Express Cash Back The NEW SimplyCash Card from American Express
    • Balance Transfer Intro Rate: 0%
    • Length of Balance Transfer Intro Rate: 6 months
    • Balance Transfer Fee: 1%
    • Annual Fees: $0
    Apply now
    • $652
      Your Balance Transfer Savings
    • 0%
    • 6 months
    • 1%
    • $0

    No annual fee. Earn 5% cash back on gas, grocery and restaurant purchases in first 6 months! 1.25% thereafter. 0% interest rate on balance transfers for 6 months!

    Snapshot of card features
    • With this new market leading flat rate cash back Card with no annual fee:
    • New SimplyCashTM Card from American Express Cardmembers can earn 5% cash back on all eligible purchases at gas stations, grocery stores and restaurants in Canada (up to $250 cash back) for the first 6 months of Cardmembership1 
    • Earn 1.25% cash back on all other purchases and when your Welcome Rate ends3
    • No limit to the amount of cash back you can earn
    • No annual fee for Supplementary Cards2
    • Refer a friend and you9 could earn a bonus of $100 cash back for each approved referral up to a maximum annual referral bonus of $1,500 Cash Back10.
    • Optional Balance Transfer Offer for new Cardmembers - Enjoy a 0% interest in first 6 months** if you choose to transfer your other credit card balances to this American Express card at time of online application.
    • Access to memorable experiences with American Express Invites® 
    • Insurance coverage and 24/7 Customer Service
    • You can use Apple Pay on your eligible device to pay for goods and services at participating American Express contactless merchants
    • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link.
    • Conditions apply
  • American Express Air Miles Credit Card
    air miles credit card canada american express gold no annual fee American Express Air Miles Credit Card
    • Balance Transfer Intro Rate: 0%
    • Length of Balance Transfer Intro Rate: 6 months
    • Balance Transfer Fee: 1%
    • Annual Fees: $0
    Apply now
    • $652
      Your Balance Transfer Savings
    • 0%
    • 6 months
    • 1%
    • $0

    500 Air Miles Welcome Bonus! No Annual Fee. Special 0% interest rate on balance transfers for 6 months**

    Snapshot of card features
    • New American Express® AIR MILES Credit Card Cardmembers, earn a bonus of 500 AIR MILES reward miles the first time you use an approved Card.
    • Earn 1 reward mile for every $15 in Card purchases at AIR MILES Sponsors 
    • Earn 1 reward mile for every $20 in Card purchases you charge to the Card everywhere else 
    • Optional Balance Transfer Offer for new Cardmembers - Enjoy a 0% interest in first 6 months** if you choose to transfer your other credit card balances to this American Express card at time of online application. Have the flexibility to pay your balance off in full or over time
    • Shop at participating AIR MILES Sponsors across Canada with your Card and show your AIR MILES Collector Card, and you can earn reward miles twice
    • More than 1000 rewards to choose from! Redeem for a wide range of rewards - everything from electronics to travel and more
    • You can use Apple Pay on your eligible device to pay for goods and services at participating American Express contactless merchants
    • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link.
    • Conditions apply
  • PC Mastercard
    low balance transfer rate credit cards pc bank PC Mastercard
    • Balance Transfer Intro Rate: .97%
    • Length of Balance Transfer Intro Rate: 6 months
    • Balance Transfer Fee: 1%
    • Annual Fees: $0
    • $617
      Your Balance Transfer Savings
    • .97%
    • 6 months
    • 1%
    • $0

    Balance transfer promo of .99% for 6 months

    Snapshot of card features
    • Earn 10 PC points for every $1 spent, everywhere you shop
    • Save money with no annual fee
    • Earn 20 PC points for every $1 spent on travel services at pctravel.ca†
    • New cardholders enjoy a low balance transfer rate of 0.97% for 6 months
    • Check out faster at the register with PayPass™; just tap your card and you're done. No signature required on smaller purchases
    • Accepted worldwide at more than 24 million locations in over 210 countries
    • Get a cash advance at a bank machine or MasterCard-issuing financial institution (subject to credit approval and provided you have the available credit)
    • Our† Fraud Detection Service may alert you to any sudden or unusual spending
    • MasterCard Global Service® can have a replacement for your lost or stolen card on its way to you within 2 business days and provide an emergency cash advance (provided you have the available credit)
  • Scotia Value Visa Card
    scotiabank value visa card Scotia Value Visa Card
    • Balance Transfer Intro Rate: .99%
    • Length of Balance Transfer Intro Rate: 6 months
    • Balance Transfer Fee: 1%
    • Annual Fees: $29
    Apply now
    • $616
      Your Balance Transfer Savings
    • .99%
    • 6 months
    • 1%
    • $29

    .99% balance transfer rate for 6 months. Goes to a great low rate of 11.99% thereafter!

    Snapshot of card features
    • Special Offer: 0.99% introductory interest rate on cash advances, and balance transfers for the first six months
    • $29 annual fee
    • 11.99% regular interest rate
    • Save money on interest payments with a low interest rate
    • Pay down your balances faster
    • Simplify your monthly payments and save even more by transferring balances from higher rate cards
    • Avis rental car discount
  • Scotiabank no-fee Value Visa Card
    Carte Visa minima Scotia sans frais annuels Scotiabank no-fee Value Visa Card
    • Balance Transfer Intro Rate: 3.99%
    • Length of Balance Transfer Intro Rate: 6 months
    • Balance Transfer Fee: 1%
    • Annual Fees: $0
    Apply now
    • $507
      Your Balance Transfer Savings
    • 3.99%
    • 6 months
    • 1%
    • $0

    No annual fee. 16.99% fixed APR on purchases. 3.99% balance transfer rate for 6 months.

    Snapshot of card features
    • Special Offer: 3.99% introductory interest rate on cash advances and balance transfers for the first six months
    • No annual fee
    • Regular interest rate of 16.99%
    • Simplify your monthly payments and save even more by transferring balances from higher rate cards
    • Avis Rental Car Discount 

Low Balance Transfer Rate Credit card guide

A 0% balance transfer credit card is the cheapest way to consolidate and pay down existing credit card debts. If you transfer your credit card debts on to a balance transfer card you could pay no interest for up to one year and save hundreds, sometimes thousands of dollars.

Stop Paying Interest On Your Credit Cards Now.

A 0% balance transfer credit card is used to pay off the debts on all your other credit cards. Your debt then resides on the balance transfer card without being charged any interest for a predetermined period of time. This provides you the time to pay down your credit card balance without interest charges compounding and adding to what you already owe, avoiding the dreaded snowballing effect or debt spiraling.

Let’s say the average Canadian balance transfer is around $2,500. A typical credit card charging 19.99% interest would charge about $500 in interest per year. So, you could save $500 a year by using a 0% balance transfer credit card.

How Much Will You Save?

Let’s say you have a $4,500 balance sitting on a Canadian Tire Options Mastercard with a 19.99% interest rate. On that balance you will pay around $75 in interest every month. But, if you get an MBNA Platinum Plus Mastercard with 0% interest on balance transfers for 12 months, you would save yourself $900 in interest charges for the year!

The other nice feature of a balance transfer card, is that you can move balances from many credit cards onto a single balance transfer credit card, allowing you to consolidate your high interest debts, and make only one monthly payment.

Let’s say you have $2,500 sitting on an RBC credit card at 18%, plus $1,500 on your Best Buy store card at 29.9%, and a $200 balance on your Hudson Bay card at 29.9%. Consolidating all of these balances onto a 0% balance transfer card would save you approximately $950 in annual interest.

How Much Will It Cost You?

Less than you think. There is usually a transfer fee charged when you shift your debt onto a balance transfer credit card. In Canada, credit card issuers typically charge between 1% and 3% of the debt that you are transferring. In most cases the transfer fee is more than made up for by the savings from your lowered interest rates. 

With the MBNA Platinum Plus Mastercard, there is a  balance transfer fee of 1%. As a result, you would pay $45 if you moved your $4,500 Canadian Tire Options balance over. But, even with the transfer fee, you would still save about $855 a year by transferring the balance to the Platinum Plus card.

Just punch in your credit card debt into our comparison engine and we’ll show you exactly how much you can save with each balance transfer card, taking into account the balance transfer fee for each card.

How Do You Transfer A Balance?

First: Find the balance transfer credit card that saves you the most money by using our comparison engine;

Second: Once approved, or even on your application, provide your new credit card company the details of the balances you want to transfer;

Third: Your new credit card company will then take care of paying off the old balances and put them on your new credit card;

Fourth: Selectively close your old credit card accounts (especially the high interest store cards);

Which Balance Transfer Credit Card Is Best For You?

There are four variables you need to take into account when evaluating the right balance transfer credit card for you. You will need to evaluate the length of the balance transfer promotional interest rate, the size of your balance, the size of the transfer fee and whether there are any annual fees. Obviously the 0% deal with the longest promotional rate duration and the lowest transfer fee, will allow you to save the most and give you the most amount of time to pay off your debt interest free.

It's No Longer Hard To Calculate Which Balance Transfer Offer Saves You The Most

Now our balance transfer engine does all the math for you. Just punch in your credit card balance and it will rank the results by which cards save you the most money over the promotional rate period.

Five “Unbreakable” Rules Of Balance Transfers

1. Never Transfer More Than Your Credit Limit

Oddly, some credit card companies will allow you to go over your "credit limit". If you go over your credit limit you may lose your 0% rate, and get stuck with the go to rate which can be as high as 21.99%. You can call your credit card company and tell them to put a hard stop at your limit to avoid any ensuing penalties.

2. Never Miss Your Minimum Monthly Payments

Even if you miss just one payment by an hour, you could lose your 0% balance transfer rate and it will be jacked up to the normal credit card interest rate. Our Golden Rule here is to always use automatic direct payments from your checking account to pay off the minimum payment, that way you’ll never be late.

3. Never Make Purchases on Your Balance Transfer Card

If you transfer $3,500 in debt from your previous high-rate credit card to a low-rate balance transfer card, and then buy a TV for $700 with your balance transfer card, only the transferred $3,500 will benefit from the 0% transfer rate. Your new purchases will be charged at the normal purchase interest rate.

Once the new purchase balance is on your balance transfer card, every time you make a payment, the issuer will then pay your low interest balance and high interest balance proportionately. That’s bad because you want all of your payment to pay down your highest interest balance first. If you separate your balance transfer credit card from your new purchase credit card, you will be in control of how much of each balance gets paid down and when.

5. Never Overstay Your Welcome

The 0% interest offer is only good for a limited time. Let’s not be selfish, no bank can lend at 0% forever. When the promotional 0% period is over, any balance still remaining will start to earn interest at a much higher rate of 19.99% to 21.99%. Make sure this doesn’t happen to you by either paying down your transferred balance before the end of the promotional rate period, or by moving the balance to another low interest rate card. It’s critical you don’t forget this step, so set up some reminders. 

If you do transfer your balances to yet another card, something we call “rate surfing” or "balance surfing", give yourself enough time for your new application to be processed. A good rule of thumb is to apply for a new credit card 30-45 days before your 0% deal expires. 

If balance transfer credit cards are not your thing, go back to our home page and use our search engine to help you find the best Canadian credit card for you.