All eligible purchases
2 Scene+ pts/$1
LOW RATE
Updated Jul 2026
Low Interest Cards
If you carry a balance, these cards offer significantly lower interest rates than the standard.
LOW RATE
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Compare Top Low Interest Rate Cards
Comparing results based on your preferences.
Auto-updates
Annual Fee
$399
Purchase
9.99%
Cash Adv.
9.99%
Scotiabank
Best For
[
Travel Rewards
]
[
Low Interest
]
[
Premium
]
Est. 1st Yr Value: $2461
Scene+
Welcome Bonus: Earn up to 80,000 bonus Scene+ points in the first 14 months.
Highlights:
No Foreign Transaction Fees
•
Airport Lounge Access
•
Travel Medical Insurance
•
Mobile Device Insurance
+6 more
Purchase APR
9.99%
Cash Advance APR
9.99%
Annual Fee
$399
Foreign Tx Fee
—
Personal Income
$12,000
Household Income
—
Credit Score
—
Add. Card Fee
$99
featured
Open and fund your KOHO account for a chance to win $60,000 toward groceries.
Annual Fee
$177
Purchase
0%
KOHO
Best For
[
Cash Back
]
[
Low Interest
]
[
Secured Cards
]
Est. 1st Yr Value: $183
Cash Back
Highlights:
Good for building or rebuilding credit
•
Earn cash back on every purchase
•
High savings interest
Purchase APR
0%
Cash Advance APR
—
Annual Fee
$177
Foreign Tx Fee
0%
Personal Income
—
Household Income
—
Credit Score
Poor
Annual Fee
$29
$0
1st yr Fee Waived
Purchase
13.99%
Cash Adv.
15.99%
BMO Bank of Montreal
Best For
[
Low Interest
]
[
Balance Transfer
]
Est. 1st Yr Value: $180
1st Yr Free
Welcome Bonus: Waived $29 annual fee for the first year + 0% intro rate on Balance Transfers
Balance Transfer: 0.99% Balance Transfer for 9 months (2% transfer fee).
Highlights:
First-Year Fee Waived
•
Introductory 0% APR on Balance Transfers
•
Extended Warranty Insurance
•
Purchase Security Insurance
+2 more
Purchase APR
13.99%
Cash Advance APR
15.99%
Annual Fee
$29
Foreign Tx Fee
—
Personal Income
—
Household Income
—
Credit Score
—
Annual Fee
$20
$0
1st yr Fee Waived
Purchase
12.99%
Cash Adv.
12.99%
RBC Royal Bank
Best For
[
Low Interest
]
Est. 1st Yr Value: $180
1st Yr Free
Avion Rewards
Welcome Bonus: No annual fee for the first year.
Balance Transfer: 0.99% Balance Transfer for 10 months (3% transfer fee).
Exp: Sep 30, 2026
Highlights:
Extended Warranty Insurance
•
Purchase Security Insurance
Purchase APR
12.99%
Cash Advance APR
12.99%
Annual Fee
$20
Foreign Tx Fee
—
Personal Income
—
Household Income
—
Credit Score
—
Add. Card Fee
$0
featured
Open and fund your KOHO account for a chance to win $60,000 toward groceries.
Annual Fee
$48
Purchase
0%
KOHO
Best For
[
Cash Back
]
[
Low Interest
]
[
Student
]
Est. 1st Yr Value: $69
Cash Back
Credit Building Zero Anxiety. Guaranteed Approval. No Interests. No Deposits. No Credit Checks. No late fees.
Highlights:
Good for building or rebuilding credit
•
Earn cash back on every purchase
•
High savings interest
Purchase APR
0%
Cash Advance APR
—
Annual Fee
$48
Foreign Tx Fee
1.50%
Personal Income
—
Household Income
—
Credit Score
Poor
featured
Open and fund your KOHO account for a chance to win $60,000 toward groceries.
Annual Fee
$144
Purchase
0%
KOHO
Best For
[
Cash Back
]
[
Low Interest
]
[
Student
]
Est. 1st Yr Value: $47
Cash Back
Highlights:
Good for building or rebuilding credit
•
Earn cash back on every purchase
•
High savings interest
Purchase APR
0%
Cash Advance APR
—
Annual Fee
$144
Foreign Tx Fee
0%
Personal Income
—
Household Income
—
Credit Score
Poor
Annual Fee
$29
$0
1st yr Fee Waived
Purchase
13.99%
Cash Adv.
13.99%
CIBC
Best For
[
Low Interest
]
[
Balance Transfer
]
1st Yr Free
Welcome Bonus: 0% interest for up to 10 months on balance transfers (1% transfer fee) + First Year Annual Fee Rebate.
Balance Transfer: 0% Balance Transfer for 10 months (1% transfer fee).
Highlights:
First-Year Fee Waived
•
Extended Warranty Insurance
•
Purchase Security Insurance
•
Introductory 0% APR on Purchases
+1 more
Purchase APR
13.99%
Cash Advance APR
13.99%
Annual Fee
$29
Foreign Tx Fee
—
Personal Income
—
Household Income
$15,000
Credit Score
—
Annual Fee
$29
$0
1st yr Fee Waived
Purchase
13.99%
Cash Adv.
13.99%
Scotiabank
Best For
[
Low Interest
]
[
Balance Transfer
]
1st Yr Free
Welcome Bonus: 0.99% promo interest rate on balance transfers for 9 months + First-year fee waived.
Balance Transfer: 0.99% Balance Transfer for 9 months (2% transfer fee).
Highlights:
First-Year Fee Waived
•
Introductory 0% APR on Balance Transfers
•
Low Purchase Interest
Purchase APR
13.99%
Cash Advance APR
13.99%
Annual Fee
$29
Foreign Tx Fee
—
Personal Income
—
Household Income
—
Credit Score
—
Add. Card Fee
$0
Annual Fee
$29
$0
1st yr Fee Waived
Purchase
13.99%
Cash Adv.
13.99%
Scotiabank
Best For
[
Low Interest
]
[
Balance Transfer
]
[
Student
]
1st Yr Free
Welcome Bonus: 0.99% promo interest rate on balance transfers for 9 months + First-year fee waived.
Balance Transfer: 0.99% Balance Transfer for 9 months (2% transfer fee).
Highlights:
First-Year Fee Waived
•
Introductory 0% APR on Balance Transfers
•
Low Purchase Interest
Purchase APR
13.99%
Cash Advance APR
13.99%
Annual Fee
$29
Foreign Tx Fee
—
Personal Income
$0
Household Income
—
Credit Score
—
Add. Card Fee
$0
Annual Fee
$0
Purchase
—
CIBC
Best For
[
Low Interest
]
[
No Annual Fee
]
[
Business
]
Welcome Bonus: Interest as low as CIBC Prime plus 1.5%.
Highlights:
No Annual Fee
•
Bad Credit & Rebuilding
•
Introductory 0% APR on Purchases
Purchase APR
—
Cash Advance APR
—
Annual Fee
$0
Foreign Tx Fee
—
Personal Income
$15,000
Household Income
—
Credit Score
—
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.
SPEC SHEET
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ISSUERS
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Filter our database to see offers from specific Canadian financial institutions.
PAYMENT NETWORKS
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CARD LEVELS
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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.
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.
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.
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.
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.
A hard inquiry (from a credit application) typically remains on your credit report for up to 36 months, though its impact on your credit score generally diminishes significantly after the first 12 months.
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