Here are the three best low-interest credit card offers:
CIBC Select Visa* Card
The CIBC Select Visa Card* is one of the best Visa credit cards in Canada for balance transfers.
With this exclusive digital offer for this CIBC balance transfer credit card, you get:
- a 0% interest rate on balance transfers of at least $100, for up to 10 months
- a refund of the annual fee for two years†
You only pay a 1% balance transfer fee when transferring a balance from another credit card (balance transfer fees do not apply to Quebec residents). Once the promotional period ends, the card’s standard interest rate of 13.99% applies to any remaining balance. This interest rate is lower than those charged by many other credit cards.
For example, you could make large purchases on another credit card (such as renovations or furniture and appliance purchases) and then transfer the balance to the CIBC Select Visa Card to benefit from its 0% interest rate on balance transfers for 10 months.
CIBC Select Visa Card* cardholders can also save on gas through the card’s partnership with Journie Rewards, which allows them to save up to 10 cents per litre at participating gas stations.
The CIBC Select Visa Card* has a $29 annual fee (refunded for the first two years) and requires a minimum household income of $15,000 to qualify. With CIBC mobile banking and online banking services, you can easily track your credit limit and balance transfers from your phone or by signing in online.
RBC Visa Classic Low Rate Option Card
Enjoy a promotional interest rate of 0.99% on balance transfers for the first 10 months, and pay no annual fee for the first year. Submit your application by March 25, 2026.
RBC Visa Classic Low Rate Option Card is one of the best low-interest credit cards in Canada.
You can also save on fuel at Petro-Canada stations and get 20% more Petro-Points by linking your RBC Visa Classic Low Rate Option Card to your Petro-Points program card. Finally, you get free deliveries for six months with DoorDash by adding your RBC Visa Classic Low Rate Option Card to your DoorDash account.
This way, you can get a free six-month DashPass subscription worth nearly $60 and enjoy unlimited free deliveries on orders of $15 or more by paying with your RBC Visa Classic Low Rate Option Card.