{"id":748712,"date":"2018-10-12T03:10:24","date_gmt":"2018-10-12T07:10:24","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?page_id=748712"},"modified":"2026-04-14T22:33:45","modified_gmt":"2026-04-15T02:33:45","slug":"interest-free-period-credit-cards","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/credit-cards\/interest-free-period-credit-cards","title":{"rendered":"Interest-free credit cards"},"content":{"rendered":"

Trying to get out of debt and looking to save on interest charges? Interest-free credit cards offer you a period of time when no interest is charged on your account balance. While some countries offer 0% purchase credit cards, these cards don\u2019t seem to be offered on the Canadian market currently. So, this leaves us with one type of interest-free credit card: the balance transfer card. This type of credit card can offer 0% interest for a specified period of time, however, there are some things to watch out for.<\/p>

<\/a>What types of credit cards offer 0% interest?<\/h3>

While 0% purchase credit cards are not available on the Canadian market, there are occasionally a few 0% interest balance transfer credit cards to choose from. These cards usually offer introductory 0% interest on balance transfers for a specific period of time \u2013 usually 3 to 10 months.<\/p>

<\/a>0% balance transfer credit cards<\/h3>

A 0% balance transfer credit card<\/a> offers an interest-free period on existing credit card debt that you move onto the new card. The 0% interest rate will typically last anywhere from 3 to 10 months, depending on the offer. This gives you the opportunity to repay your debt without collecting any additional interest, which can help you put more money towards paying off the principal balance faster. Keep in mind you will be charged interest on any new purchases you make on a balance transfer credit card.<\/p>

Compare no-fee balance transfer credit cards<\/h3>
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2 of 2 results<\/span><\/small><\/div><\/div><\/div>
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\n Balance Transfer Rate\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Balance Transfer Fee\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Purchase Interest Rate\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Annual Fee\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Min. Credit Score\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th><\/tr><\/thead>\"Scotia<\/a>
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Scotia Momentum No-Fee Visa Card<\/a><\/span><\/div><\/td>
\n 0% for the first 6 months (then 22.99%) <\/span><\/div><\/td>
\n N\/A<\/span><\/div><\/td>
\n 20.99%\n <\/div><\/td>
\n $0\n <\/div><\/td>
<\/use><\/svg>\n Earn 10% cash back on all purchases for the first 3 months (up to $2,000 spend). Plus, get a 0% introductory interest rate on balance transfers for the first 6 months. Apply by July 1, 2026.<\/b>. T&Cs apply.\n <\/span><\/div><\/td>
Min. recommended credit score: 650
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Go to site<\/a><\/use><\/svg>View details<\/span><\/a>
Compare product selection<\/legend>
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\"Scotia<\/a>
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Scotia Momentum Visa Card<\/a><\/span><\/div><\/td>
\n 2.99% for the first 6 months (then 22.99%) <\/span><\/div><\/td>
\n N\/A<\/span><\/div><\/td>
\n 20.99%\n <\/div><\/td>
\n $49\n <\/div><\/td>
<\/use><\/svg>\n Get a 2.99% introductory interest rate on balance transfers for the first 6 months. Offer ends October 31, 2026.<\/b>. T&Cs apply.\n <\/span><\/div><\/td>
Min. recommended credit score: 670
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Go to site<\/a><\/use><\/svg>View details<\/span><\/a>
Compare product selection<\/legend>
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