The Best Balance Transfer Credit Card in Canada – May 2022

The CIBC Select Visa* Card is one of the best balance transfer Visa credit cards in Canada.

With this Card, you get 0% interest on balance transfers for your first 10 months. You’ll only have to pay a 1% fee when you transfer your balance from another card.

Currently, you get a first-year annual fee rebate (a $29 value)! And this card has valuable insurance:

• $100,000 Common Carrier Accident Insurance

The Scotiabank Gold American Express® Card only requires a minimum income of $12,000. For a limited time, you can earn 45,000 points in the first year, which is a $450 value for travel, including Airbnb.

With the Scotiabank Gold American Express® Card, you earn 5 points per dollar for:

• grocery stores
• Restaurants
• Entertainment

And 3 points per dollar on gas, transit and streaming services purchases.

You can redeem your points on travel purchases (flights, hotels, all-inclusive and even Airbnb).

The Scotiabank Gold American Express® Card is a no foreign transaction fee card. It has Premium travel and purchase insurance, Concierge services, Exclusive Benefits American Express (Front of the Line Program).

With this exclusive offer for the BMO® AIR MILES® Mastercard®*, you earn 1,500 AIR MILES Bonus Miles after $1,000 in Card purchases, representing a $150 cash value. Besides, it’s a no-annual-fee credit card.

With the BMO® AIR MILES® Mastercard®*, you get 3x the Miles for every $25 spent at participating AIR MILES Partners. And 1 mile for every $25 you spend, Costco included.

Get a 1.99% introductory interest rate on Balance Transfers for 9 months*, 1% fee applies to balance amounts transferred*

The BMO® CashBack® Mastercard®* is a cash back credit card with no annual fee. With the BMO® CashBack® Mastercard®*, you can earn 5% cash back for the first 3 months. It’s a maximum welcome bonus of $100.

Then you get:

• 3% cash back on grocery purchases, including at Walmart Supercenters
• 1% cash back on recurring bill payments

Finally, you can also get a 1.99% introductory interest rate on Balance Transfers for 9 months.

The BMO® Rewards® Mastercard®* is one of the best no-fee credit cards in Canada. For a limited time, you can get a welcome bonus of 15,000 points.

And you can also get a 1.99% introductory interest rate on Balance Transfers for 9 months.

The Tangerine Money-Back Credit Card has no annual fee and offers cashback.

Apply for a Tangerine Money-Back Credit Card by May 31, 2022, and earn an extra 10% back (up to $100) when you spend up to $1,000 in everyday purchases within your first 2 months.

You can choose two to three categories that interest you (groceries, gas, furniture, home improvement, recurring bills, pharmacy, etc.) to earn 2% cash back ! And there is no annual cash back limit. It is one of the best credit cards for renovations.

In addition, the Tangerine Mastercard offers several insurance coverages for your purchases :

• 90 days purchase insurance
• One year extended warranty

Finally, during your first 30 days, transfer balances and pay only 1.95% interest on the transferred balance for the first 6 months.