Earn 45,000 Points + First-Year Free + 4 Airport Lounge Visits
cibc select

Get 0% interest for 10 months on balance transfers

To the point Here is the best balance transfer credit card offer in Canada and Quebec: 0% interest for 10 months.

Balance transfer offer

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

With this CIBC Credit Card with a balance transfer option, you earn 0% interest on balance transfers for up to 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 low-interest CIBC credit card offers $100,000 Common Carrier Accident Insurance.

Our advice on credit card balance transfer

We remind you: travel should not be done through debt. However, if you are paying high-interest charges on a credit card balance every month, don’t hesitate to take advantage of a credit card balance transfer offer like this one.

Then plan a strategy to pay off your credit card debt:

  • Do not make any new purchases on the new credit card: pay off the credit card balance you transferred gradually by setting a schedule, ideally for the next 6 months
  • Make your regular expenses on your old credit card and pay it in full each month without carrying a balance as you may have done previously
  • If you can’t make it, make an appointment with your bank advisor to establish a more solid strategy (with a mortgage line of credit, for example, or a personal loan whose rate will often be much lower (4 to 5% instead of the 12 to 20% of credit card interest rates)
Come to discuss that topic in our Facebook Group!

Suggested Reading