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Your Low Interest Rate Credit card search results

Your Low Interest Rate Credit card search results

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

  • The Canadian Western Bank Platinum Plus MasterCard® Credit Card
    Canadian Western Bank Platinum Plus MBNA MasterCard The Canadian Western Bank Platinum Plus MasterCard® Credit Card
    • Annual Fees: $0
    • Purchase Interest Rate: 9.99%
    • Cash Advance Interest Rate: 24.99%
    • Credit Required: Good
    Apply now
    • $2,648
      Your Interest Savings
    • $0
    • 9.99%
    • 24.99%
    • Good

    No annual fee & 9.99% on purchases & balance transfers!

    Snapshot of card features
    • Enjoy the flexibility of a major credit card and save with a lower annual interest rate and no annual fee
    • Enjoy a purchase interest rate of 9.99% on purchases and balance transfers✪
    • Around-the-clock-fraud protection
    • Immediate cash access at over 1 million ATMs worldwide
    • Enhanced security and protection with Chip & PIN technology and PayPass
    • No annual fee
  • The Alterna Platinum Plus MasterCard® Credit Card
    Alterna Platinum Plus MasterCard Low Rate The Alterna Platinum Plus MasterCard® Credit Card
    • Annual Fees: $0
    • Purchase Interest Rate: 9.99%
    • Cash Advance Interest Rate: 24.99%
    • Credit Required: Good
    Apply now
    • $2,648
      Your Interest Savings
    • $0
    • 9.99%
    • 24.99%
    • Good

    A low 9.99% fixed interest rate with no annual fee, is as good as it gets!

    Snapshot of card features
    • Enjoy a standard annual interest rate of 9.99% on purchases and balance transfers✪
    • Around-the-clock-fraud protection
    • Immediate cash access at over 1 million ATMs worldwide
    • Enhanced security and protection with Chip & PIN technology and PayPass
    • No annual fee
  • BMO Preferred Rate Mastercard (11.9%)
    bmo preferred rate low interest mastercard BMO Preferred Rate Mastercard (11.9%)
    • Annual Fees: $20
    • Purchase Interest Rate: 11.9%
    • Cash Advance Interest Rate: 11.9%
    • Credit Required: Good
    Apply now
    • $2,504
      Your Interest Savings
    • $20
    • 11.9%
    • 11.9%
    • Good

    11.9% fixed APR on purchases & cash advances! Only $20 annual fee.

    Snapshot of card features
    • $20 annual fee*
    • 11.9% rate on purchases & cash advances*
    • Free extended warranty and purchase protection*
    • Zero Dollar Liability: protects you from unauthorized use of your credit card*
    • Worldwide acceptance at over 30 million locations
    • BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information *Terms and conditions apply
  • Visa Classic Low Rate Option
    low balance transfer rate credit cards RBC Visa Classic Visa Classic Low Rate Option
    • Annual Fees: $20
    • Purchase Interest Rate: 11.99%
    • Cash Advance Interest Rate: 11.99%
    • Credit Required: Good
    • $2,498
      Your Interest Savings
    • $20
    • 11.99%
    • 11.99%
    • Good

    Vanilla low interest credit card of 11.99% with an annual fee of $20.

    Snapshot of card features
    • $20 annual fee
    • Fixed annual interest rate of 11.99% on both purchases and cash advances
    • No annual fee for additional card(s)
    • Zero Liability protection 
  • Scotia Value Visa Card
    scotiabank value visa card Scotia Value Visa Card
    • Annual Fees: $29
    • Purchase Interest Rate: 11.99%
    • Cash Advance Interest Rate: 11.99%
    • Credit Required: Good
    Apply now
    • $2,498
      Your Interest Savings
    • $29
    • 11.99%
    • 11.99%
    • Good

    .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
  • TrueLine MasterCard® credit card
    mbna trueline low rate credit card TrueLine MasterCard® credit card
    • Annual Fees: $0
    • Purchase Interest Rate: 14.99%
    • Cash Advance Interest Rate: 24.99%
    • Credit Required: Average
    • $2,272
      Your Interest Savings
    • $0
    • 14.99%
    • 24.99%
    • Average

    Interest rates from 5.99% to 14.99% depending on your credit worthiness

    Snapshot of card features
    • $0 annual fee
    • A low annual interest rate of 5.99%, 7.99%, 9.99%, 12.99% or 14.99% on all purchases, balance transfers✪ and access cheques
    • The interest rate you receive is dependent on your credit worthiness
    • The annual interest rate for cash advances (including ATM and over-the-counter transaction) is 24.99%
  • Scotiabank no-fee Value Visa Card
    Carte Visa minima Scotia sans frais annuels Scotiabank no-fee Value Visa Card
    • Annual Fees: $0
    • Purchase Interest Rate: 16.99%
    • Cash Advance Interest Rate: 16.99%
    • Credit Required: Good
    Apply now
    • $2,122
      Your Interest Savings
    • $0
    • 16.99%
    • 16.99%
    • Good

    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 
  • BMO Preferred Rate Mastercard (No annual fee)
    low interest rate credit cards bmo preferred rate mastercard no fee BMO Preferred Rate Mastercard (No annual fee)
    • Annual Fees: $0
    • Purchase Interest Rate: 17.5%
    • Cash Advance Interest Rate: 17.5%
    • Credit Required: Good
    Apply now
    • $2,083
      Your Interest Savings
    • $0
    • 17.5%
    • 17.5%
    • Good

    No annual fee. 17.5% fixed APR on purchases & balance transfers.

    Snapshot of card features
    • No annual fee*
    • Enjoy our lowest no-fee interest rate of 17.5% on purchases and cash advances*
    • Reduce interest charges even further: 11.9% rate for an additional $20 year*
    • Free extended warranty and purchase protection*
    • Zero Dollar Liability: protects you from unauthorized use of your credit card*
    • Worldwide acceptance at over 30 million locations
    • BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information *Terms and conditions apply

Low Interest Rate Credit card guide

Low interest rate credit cards either have a low interest rate or a low introductory annual interest rate (AIR). Most of the cards have an annual fee, however a few hidden gems do not. Low interest rate credit cards are perfect for people who will make a large purchase in the near future that will be paid off over time. 

There are many benefits to low interest rate credit cards, the most obvious being the low interest rate and low introductory rate which can save hundreds, if not thousands of dollars in interest charges. 

We recommend carrying a low interest rate credit card with no annual fee as a complimentary card in your wallet. There are several advantages in doing so. First, it gives you access to an additional line of credit, reducing your overall utilization if you carry a balance. This will help increase your credit score. Second, in the event you do need to carry a balance in the future, you'll be able to use your low interest credit card with an attractive interest rate, reducing your costs.

There are some cons to low interest credit cards. Most do not come with as many benefits as other cards because you’re getting the low interest rate. Also, many low interest rate credit cards are designed for people with good or excellent credit profiles.

Low interest rate credit cards not your thing? Go back to our homepage and use our credit card engine to help you find and compare the best credit cards in Canada!