Annual fee
$399
Primary cardholder
Best Low Interest Credit Cards in Canada
Lower interest can matter more than flashy rewards
If you carry a balance, the interest rate can quickly outweigh rewards or perks. RateBuddy helps compare low-rate cards by purchase APR, annual fee, cash advance rate, balance transfer options, and everyday usability so you can focus on cost control first.
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Ready to refine
Annual fee
$399
Purchase APR
9.99%
Cash advance
9.99%
Scotiabank
Best for
Travel Rewards
Low Interest
Premium
Best for
Travel Rewards
Low Interest
Premium
Welcome-offer value
Advertised value estimate, subject to eligibility and provider requirements
$2,500
Estimated rewards from spending
Based on $1,500 in monthly spending
$360
First-year annual fee
Fee charged during the first year
$399
Estimated first-year card value
Welcome value + spending rewards − first-year fee
$2,461
View spending and reward-rate details
| Spending category | Monthly spend | Rate | Annual value |
|---|---|---|---|
| Groceries | $450 | 2% | $108 |
| Dining | $300 | 2% | $72 |
| Gas and transit | $150 | 2% | $36 |
| Travel | $75 | 2% | $18 |
| Recurring bills | $75 | 2% | $18 |
| Other purchases | $450 | 2% | $108 |
This is an estimate, not a guaranteed cash return. Actual value depends on spending, eligibility, redemption choices and meeting the provider’s offer terms. Reward rates are treated as estimated cash-equivalent percentages.
Rewards program
Scene+
Card essentials
Rates, fees and requirements
The important numbers, organized so they are easy to scan and compare.
Purchase APR
9.99%
Regular purchase rate
Cash advance APR
9.99%
Cash transaction rate
Balance transfer APR
—
When available
Foreign transaction fee
—
Foreign-currency purchases
Additional card fee
$99
Supplementary cardholder
Before you apply
Eligibility snapshot
Recommended credit score
—
Minimum personal income
$12,000
Minimum household income
—
Approval, rates and credit limits are determined by the card provider.
featured
Our Choice: Best Prepaid Card
Annual fee
$177
Purchase APR
0%
KOHO
Best for
Cash Back
Low Interest
Secured Cards
Best for
Cash Back
Low Interest
Secured Cards
Welcome-offer value
No current monetary welcome-offer estimate was included
$0
Estimated rewards from spending
Based on $1,500 in monthly spending
$360
First-year annual fee
Fee charged during the first year
$177
Estimated first-year card value
Welcome value + spending rewards − first-year fee
$183
View spending and reward-rate details
| Spending category | Monthly spend | Rate | Annual value |
|---|---|---|---|
| Groceries | $450 | 2% | $108 |
| Dining | $300 | 2% | $72 |
| Gas and transit | $150 | 2% | $36 |
| Travel | $75 | 2% | $18 |
| Recurring bills | $75 | 2% | $18 |
| Other purchases | $450 | 2% | $108 |
This is an estimate, not a guaranteed cash return. Actual value depends on spending, eligibility, redemption choices and meeting the provider’s offer terms. Reward rates are treated as estimated cash-equivalent percentages.
Rewards program
Cash Back
Card essentials
Rates, fees and requirements
The important numbers, organized so they are easy to scan and compare.
Annual fee
$177
Primary cardholder
Purchase APR
0%
Regular purchase rate
Cash advance APR
—
Cash transaction rate
Balance transfer APR
—
When available
Foreign transaction fee
0%
Foreign-currency purchases
Additional card fee
—
Supplementary cardholder
Before you apply
Eligibility snapshot
Recommended credit score
Poor
Minimum personal income
—
Minimum household income
—
Approval, rates and credit limits are determined by the card provider.
Annual fee
$295
Purchase APR
11.90%
Cash advance
12.90%
Desjardins Group
Best for
Travel Rewards
Low Interest
Balance Transfer
Best for
Travel Rewards
Low Interest
Balance Transfer
Welcome-offer value
No current monetary welcome-offer estimate was included
$0
Estimated rewards from spending
Based on $1,500 in monthly spending
$454.50
First-year annual fee
Fee charged during the first year
$295
Estimated first-year card value
Welcome value + spending rewards − first-year fee
$159.50
View spending and reward-rate details
| Spending category | Monthly spend | Rate | Annual value |
|---|---|---|---|
| Groceries | $450 | 3% | $162 |
| Dining | $300 | 4% | $144 |
| Gas and transit | $150 | 1.5% | $27 |
| Travel | $75 | 3% | $27 |
| Recurring bills | $75 | 1.5% | $13.50 |
| Other purchases | $450 | 1.5% | $81 |
This is an estimate, not a guaranteed cash return. Actual value depends on spending, eligibility, redemption choices and meeting the provider’s offer terms. Reward rates are treated as estimated cash-equivalent percentages.
Card essentials
Rates, fees and requirements
The important numbers, organized so they are easy to scan and compare.
Annual fee
$295
Primary cardholder
Purchase APR
11.90%
Regular purchase rate
Cash advance APR
12.90%
Cash transaction rate
Balance transfer APR
—
When available
Foreign transaction fee
—
Foreign-currency purchases
Additional card fee
$95
Supplementary cardholder
Before you apply
Eligibility snapshot
Recommended credit score
—
Minimum personal income
$150,000
Minimum household income
$200,000
Approval, rates and credit limits are determined by the card provider.
featured
Guaranteed, instant approvals*. Access to virtual credit card immediately
Annual fee
$0
Purchase APR
19.99%
Cash advance
22.99%
Neo Financial
Best for
Cash Back
Low Interest
No Annual Fee
Best for
Cash Back
Low Interest
No Annual Fee
Welcome-offer value
No current monetary welcome-offer estimate was included
$0
Estimated rewards from spending
Based on $1,500 in monthly spending
$72
First-year annual fee
No annual fee
$0
Estimated first-year card value
Welcome value + spending rewards − first-year fee
$72
View spending and reward-rate details
| Spending category | Monthly spend | Rate | Annual value |
|---|---|---|---|
| Groceries | $450 | 1% | $54 |
| Dining | $300 | 0% | $0 |
| Gas and transit | $150 | 1% | $18 |
| Travel | $75 | 0% | $0 |
| Recurring bills | $75 | 0% | $0 |
| Other purchases | $450 | 0% | $0 |
This is an estimate, not a guaranteed cash return. Actual value depends on spending, eligibility, redemption choices and meeting the provider’s offer terms. Reward rates are treated as estimated cash-equivalent percentages.
Card essentials
Rates, fees and requirements
The important numbers, organized so they are easy to scan and compare.
Annual fee
$0
Primary cardholder
Purchase APR
19.99%
Regular purchase rate
Cash advance APR
22.99%
Cash transaction rate
Balance transfer APR
—
When available
Foreign transaction fee
3%
Foreign-currency purchases
Additional card fee
$10
Supplementary cardholder
Before you apply
Eligibility snapshot
Recommended credit score
Fair
Minimum personal income
—
Minimum household income
—
Approval, rates and credit limits are determined by the card provider.
featured
Our Choice: Best for Building Credit. Guaranteed Approval.
Annual fee
$48
Purchase APR
0%
KOHO
Best for
Cash Back
Low Interest
Student
Best for
Cash Back
Low Interest
Student
Welcome-offer value
No current monetary welcome-offer estimate was included
$0
Estimated rewards from spending
Based on $1,500 in monthly spending
$117
First-year annual fee
Fee charged during the first year
$48
Estimated first-year card value
Welcome value + spending rewards − first-year fee
$69
View spending and reward-rate details
| Spending category | Monthly spend | Rate | Annual value |
|---|---|---|---|
| Groceries | $450 | 1% | $54 |
| Dining | $300 | 1% | $36 |
| Gas and transit | $150 | 1% | $18 |
| Travel | $75 | 1% | $9 |
| Recurring bills | $75 | 0% | $0 |
| Other purchases | $450 | 0% | $0 |
This is an estimate, not a guaranteed cash return. Actual value depends on spending, eligibility, redemption choices and meeting the provider’s offer terms. Reward rates are treated as estimated cash-equivalent percentages.
Rewards program
Cash Back
Card essentials
Rates, fees and requirements
The important numbers, organized so they are easy to scan and compare.
Annual fee
$48
Primary cardholder
Purchase APR
0%
Regular purchase rate
Cash advance APR
—
Cash transaction rate
Balance transfer APR
—
When available
Foreign transaction fee
1.50%
Foreign-currency purchases
Additional card fee
—
Supplementary cardholder
Before you apply
Eligibility snapshot
Recommended credit score
Poor
Minimum personal income
—
Minimum household income
—
Approval, rates and credit limits are determined by the card provider.
featured
Our Choice: Best for Everyday Rewards
Annual fee
$144
Purchase APR
0%
KOHO
Best for
Cash Back
Low Interest
Student
Best for
Cash Back
Low Interest
Student
Welcome-offer value
No current monetary welcome-offer estimate was included
$0
Estimated rewards from spending
Based on $1,500 in monthly spending
$191.25
First-year annual fee
Fee charged during the first year
$144
Estimated first-year card value
Welcome value + spending rewards − first-year fee
$47.25
View spending and reward-rate details
| Spending category | Monthly spend | Rate | Annual value |
|---|---|---|---|
| Groceries | $450 | 1.5% | $81 |
| Dining | $300 | 1.5% | $54 |
| Gas and transit | $150 | 1.5% | $27 |
| Travel | $75 | 1.5% | $13.50 |
| Recurring bills | $75 | 0.25% | $2.25 |
| Other purchases | $450 | 0.25% | $13.50 |
This is an estimate, not a guaranteed cash return. Actual value depends on spending, eligibility, redemption choices and meeting the provider’s offer terms. Reward rates are treated as estimated cash-equivalent percentages.
Rewards program
Cash Back
Card essentials
Rates, fees and requirements
The important numbers, organized so they are easy to scan and compare.
Annual fee
$144
Primary cardholder
Purchase APR
0%
Regular purchase rate
Cash advance APR
—
Cash transaction rate
Balance transfer APR
—
When available
Foreign transaction fee
0%
Foreign-currency purchases
Additional card fee
—
Supplementary cardholder
Before you apply
Eligibility snapshot
Recommended credit score
Poor
Minimum personal income
—
Minimum household income
—
Approval, rates and credit limits are determined by the card provider.
Annual fee
$29$0
First year waived
Purchase APR
13.99%
Cash advance
13.99%
CIBC
Best for
Low Interest
Balance Transfer
Best for
Low Interest
Balance Transfer
Welcome-offer value
Advertised value estimate, subject to eligibility and provider requirements
$29
Estimated rewards from spending
Based on $1,500 in monthly spending
$0
First-year annual fee
$29 first-year fee waiver applied
$29
$0
Estimated first-year card value
Welcome value + spending rewards − first-year fee
$29
View spending and reward-rate details
| Spending category | Monthly spend | Rate | Annual value |
|---|---|---|---|
| Groceries | $450 | 0% | $0 |
| Dining | $300 | 0% | $0 |
| Gas and transit | $150 | 0% | $0 |
| Travel | $75 | 0% | $0 |
| Recurring bills | $75 | 0% | $0 |
| Other purchases | $450 | 0% | $0 |
Estimate notes
- No usable reward rate is configured, so spending rewards were not estimated.
This is an estimate, not a guaranteed cash return. Actual value depends on spending, eligibility, redemption choices and meeting the provider’s offer terms. Reward rates are treated as estimated cash-equivalent percentages.
First year free
Card essentials
Rates, fees and requirements
The important numbers, organized so they are easy to scan and compare.
Annual fee
$0 first year
Then $29 annually
Purchase APR
13.99%
Regular purchase rate
Cash advance APR
13.99%
Cash transaction rate
Balance transfer APR
—
When available
Foreign transaction fee
—
Foreign-currency purchases
Additional card fee
—
Supplementary cardholder
Before you apply
Eligibility snapshot
Recommended credit score
—
Minimum personal income
—
Minimum household income
$15,000
Approval, rates and credit limits are determined by the card provider.
Annual fee
$29$0
First year waived
Purchase APR
13.99%
Cash advance
13.99%
Scotiabank
Best for
Low Interest
Balance Transfer
Best for
Low Interest
Balance Transfer
Welcome-offer value
Advertised value estimate, subject to eligibility and provider requirements
$29
Estimated rewards from spending
Based on $1,500 in monthly spending
$0
First-year annual fee
$29 first-year fee waiver applied
$29
$0
Estimated first-year card value
Welcome value + spending rewards − first-year fee
$29
View spending and reward-rate details
| Spending category | Monthly spend | Rate | Annual value |
|---|---|---|---|
| Groceries | $450 | 0% | $0 |
| Dining | $300 | 0% | $0 |
| Gas and transit | $150 | 0% | $0 |
| Travel | $75 | 0% | $0 |
| Recurring bills | $75 | 0% | $0 |
| Other purchases | $450 | 0% | $0 |
Estimate notes
- No usable reward rate is configured, so spending rewards were not estimated.
This is an estimate, not a guaranteed cash return. Actual value depends on spending, eligibility, redemption choices and meeting the provider’s offer terms. Reward rates are treated as estimated cash-equivalent percentages.
First year free
Card essentials
Rates, fees and requirements
The important numbers, organized so they are easy to scan and compare.
Annual fee
$0 first year
Then $29 annually
Purchase APR
13.99%
Regular purchase rate
Cash advance APR
13.99%
Cash transaction rate
Balance transfer APR
—
When available
Foreign transaction fee
—
Foreign-currency purchases
Additional card fee
$0
Supplementary cardholder
Before you apply
Eligibility snapshot
Recommended credit score
—
Minimum personal income
—
Minimum household income
—
Approval, rates and credit limits are determined by the card provider.
Annual fee
$29$0
First year waived
Purchase APR
13.99%
Cash advance
13.99%
Scotiabank
Best for
Low Interest
Balance Transfer
Student
Best for
Low Interest
Balance Transfer
Student
Welcome-offer value
Advertised value estimate, subject to eligibility and provider requirements
$29
Estimated rewards from spending
Based on $1,500 in monthly spending
$0
First-year annual fee
$29 first-year fee waiver applied
$29
$0
Estimated first-year card value
Welcome value + spending rewards − first-year fee
$29
View spending and reward-rate details
| Spending category | Monthly spend | Rate | Annual value |
|---|---|---|---|
| Groceries | $450 | 0% | $0 |
| Dining | $300 | 0% | $0 |
| Gas and transit | $150 | 0% | $0 |
| Travel | $75 | 0% | $0 |
| Recurring bills | $75 | 0% | $0 |
| Other purchases | $450 | 0% | $0 |
Estimate notes
- No usable reward rate is configured, so spending rewards were not estimated.
This is an estimate, not a guaranteed cash return. Actual value depends on spending, eligibility, redemption choices and meeting the provider’s offer terms. Reward rates are treated as estimated cash-equivalent percentages.
First year free
Card essentials
Rates, fees and requirements
The important numbers, organized so they are easy to scan and compare.
Annual fee
$0 first year
Then $29 annually
Purchase APR
13.99%
Regular purchase rate
Cash advance APR
13.99%
Cash transaction rate
Balance transfer APR
—
When available
Foreign transaction fee
—
Foreign-currency purchases
Additional card fee
$0
Supplementary cardholder
Before you apply
Eligibility snapshot
Recommended credit score
—
Minimum personal income
$0
Minimum household income
—
Approval, rates and credit limits are determined by the card provider.
Annual fee
$29$0
First year waived
Purchase APR
13.99%
Cash advance
15.99%
BMO Bank of Montreal
Best for
Low Interest
Balance Transfer
Best for
Low Interest
Balance Transfer
Welcome-offer value
Advertised value estimate, subject to eligibility and provider requirements
$29
Estimated rewards from spending
Based on $1,500 in monthly spending
$0
First-year annual fee
$29 first-year fee waiver applied
$29
$0
Estimated first-year card value
Welcome value + spending rewards − first-year fee
$29
View spending and reward-rate details
| Spending category | Monthly spend | Rate | Annual value |
|---|---|---|---|
| Groceries | $450 | 0% | $0 |
| Dining | $300 | 0% | $0 |
| Gas and transit | $150 | 0% | $0 |
| Travel | $75 | 0% | $0 |
| Recurring bills | $75 | 0% | $0 |
| Other purchases | $450 | 0% | $0 |
Estimate notes
- No usable reward rate is configured, so spending rewards were not estimated.
This is an estimate, not a guaranteed cash return. Actual value depends on spending, eligibility, redemption choices and meeting the provider’s offer terms. Reward rates are treated as estimated cash-equivalent percentages.
First year free
Card essentials
Rates, fees and requirements
The important numbers, organized so they are easy to scan and compare.
Annual fee
$0 first year
Then $29 annually
Purchase APR
13.99%
Regular purchase rate
Cash advance APR
15.99%
Cash transaction rate
Balance transfer APR
—
When available
Foreign transaction fee
—
Foreign-currency purchases
Additional card fee
—
Supplementary cardholder
Before you apply
Eligibility snapshot
Recommended credit score
—
Minimum personal income
—
Minimum household income
—
Approval, rates and credit limits are determined by the card provider.
Showing 10 of 27 cards
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Attack Your Principal Balance
High interest rates keep you trapped in a cycle of debt. These cards give you the strategic breathing room to pay off what you actually owe.
The Strategic "Interest Holiday"
A 0% balance transfer offer effectively pauses interest charges for a promotional period, often ranging from 6 to 12 months. This ensures that every single dollar you pay goes directly toward reducing your principal debt, rather than vanishing into interest payments. It stops the bleeding and allows your payments to actually make a dent. For anyone carrying a balance, this is one of the most powerful tools available to regain financial control.
Mathematical Savings
Even with a typical 1-3% balance transfer fee, the math is overwhelmingly in your favor. Moving high-interest debt (often 20%+) to a 0% or low-rate environment can save you hundreds or even thousands of dollars in interest charges over the course of a year. It converts "dead money" (interest) into debt reduction. Use our Balance Transfer Calculator to see exactly how much you could save based on your specific numbers.
Faster Path to Freedom
By drastically lowering your interest rate, you lower the "cost of carrying" your debt. This accelerates your payoff timeline, helping you become debt-free months or even years sooner than expected. It simplifies your finances by consolidating multiple high-interest debts into one single, manageable monthly payment. This psychological and financial relief can be the catalyst you need to eliminate credit card debt for good.
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Low Interest is great, but sometimes a different card fits your lifestyle better. Use our Smart Finder to see what else you qualify for.
Balance Transfer
Pay 0% on existing debt.
Cash Back
Earn while you spend.
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From entry-level options to exclusive black cards. Find the eligibility level that fits you.
KNOWLEDGE BASE
Frequently Asked Questions
Common questions about Compare Top Low Interest Rate Cards Cards and financial strategy.
Disclaimer: Information is for educational purposes only and does not constitute financial or legal advice. Terms subject to change by issuers.
In Canada, you will often see AIR (Annual Interest Rate) used. It represents the yearly cost of borrowing on the card. Standard cards typically have purchase interest rates around 20.99%, while Low Interest cards can be significantly lower. Cash advances often carry higher interest rates than purchases.
Most credit cards offer a grace period (typically 21 days) from the statement date to the payment due date. If you pay your 'New Balance' in full by the due date, you generally will not be charged interest on new purchases. Note that cash advances and balance transfers usually accrue interest immediately, with no grace period.
Most issuers allow 'product transfers' (switching from one of their cards to another). If you switch to a low-interest version of a card from the same bank, you may be able to preserve your credit history and account number. Contact your issuer to see if you are eligible for a product switch.
A cash advance occurs when you withdraw cash from an ATM using your credit card or transfer funds from the card to a bank account. These transactions typically incur a fee (e.g., $5) and interest starts accruing immediately (no grace period), often at a higher rate than purchases.
Major networks like Visa, Mastercard, and Amex have 'Zero Liability' policies. This generally means that cardholders are not held responsible for unauthorized transactions if they have taken reasonable care of their card and PIN, and report the loss or theft promptly to the issuer.
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