{"id":724121,"date":"2018-04-15T20:46:20","date_gmt":"2018-04-16T00:46:20","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?page_id=724121"},"modified":"2026-02-17T11:21:22","modified_gmt":"2026-02-17T16:21:22","slug":"low-interest-credit-cards","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/credit-cards\/low-interest-credit-cards","title":{"rendered":"Best low-interest credit cards"},"content":{"rendered":"

The best low-interest credit cards help you save by allowing you put more money directly towards your principal balance and less towards interest. If you\u2019re a credit card user with good credit who carries a balance from month to month rather than paying off your debt in full, a low-interest rate credit card may be the best credit card for you. Read more in our guide below.<\/p>

The 4 best low-interest credit cards in Canada<\/h3>\n
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\n <\/div>\n
\n
\n
<\/div>
\n Welcome Offer\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Rewards\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Annual Fee\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th><\/tr><\/thead>\"MBNA<\/a>
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MBNA True Line Gold Mastercard<\/a><\/span><\/div><\/td>
\n N\/A<\/span><\/div><\/td>
\n N\/A <\/span><\/div><\/td>
\n $39\n <\/div><\/td>
<\/use><\/svg>View details<\/span><\/a>
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Why we like it<\/h4>

The MBNA True Line Gold Mastercard has one of the most competitive interest rates on the Canadian market. You'll only be charged a 10.99% purchase interest rate, and a 13.99% on balance transfers (in addition to a 1% fee). This card is ideal for people who value having a lower interest rate over having credit card rewards or perks.<\/p><\/div>

\"Scotiabank<\/a>
<\/div>
Scotiabank Value Visa Card<\/a><\/span><\/div><\/td>
\n 0.99% on balance transfers for 9 months<\/span><\/div><\/td>
\n N\/A <\/span><\/div><\/td>
\n $0 annual fee for the first year ($29 thereafter)\n <\/div><\/td>
<\/use><\/svg>\n Get a 0.99% introductory interest rate on balance transfers for the first 9 months. Plus, pay no annual fee in the first year. Apply by October 31, 2026.<\/b>. T&Cs apply.\n <\/span><\/div><\/td>
Go to site<\/a><\/use><\/svg>View details<\/span><\/a>
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Why we like it<\/h4>

With no cash back or rewards points, the Scotiabank Value Visa Card doesn't come with a lot of extra perks, but it can be a great tool for saving money. Get a 0.99% introductory interest rate on balance transfers for the first 9 months. Plus, pay no annual fee in the first year. Apply by October 31, 2026.<\/b><\/p><\/div>

\"BMO<\/a>
<\/div>
BMO Preferred Rate Mastercard<\/a><\/span><\/div><\/td>
\n 0% rate on balance transfers for 9 months<\/span><\/div><\/td>
\n N\/A <\/span><\/div><\/td>
\n $0 annual fee for the first year ($29 thereafter)\n <\/div><\/td>
<\/use><\/svg>\n Get a 0% introductory interest rate on balance transfers for 9 months with a 0.99% transfer fee. Plus, get the $29 annual fee waived for the first year. T&Cs apply.\n <\/span><\/div><\/td>
Go to site<\/a><\/use><\/svg>View details<\/span><\/a>
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Why we like it<\/h4>

The BMO Preferred Rate Mastercard is a simple, no-frills credit card with a low-interest rate of 13.99% for purchases and 15.99% for cash advances. You won't earn any rewards points or cash back, but this card's low rate can help you save money and pay down your balance faster. Get a 0% introductory interest rate on balance transfers for 9 months with a 0.99% transfer fee. Plus, get the $29 annual fee waived for the first year.<\/p><\/div>

\"MBNA<\/a>
<\/div>
MBNA True Line Mastercard<\/a><\/span><\/div><\/td>
\n Balance transfer offer<\/span><\/div><\/td>
\n N\/A <\/span><\/div><\/td>
\n $0\n <\/div><\/td>
<\/use><\/svg>View details<\/span><\/a>
Compare product selection<\/legend>
<\/div>

Why we like it<\/h4>

The main draw to the MBNA True Line Mastercard is its low purchase interest rate of 12.99% and $0 annual fee. While this card doesn't come with many special perks or a rewards program, you could benefit from a balance transfer rate of 17.99% (with a 3% fee).<\/p><\/div>