Credit-Card-Guide.ca: Your guide to choosing the right credit card

Low Interest Credit Cards

Many banks and issuers offer credit cards with special low interest rates with low ongoing APR. These credit cards are particularly suited for people who carry a balance month to month, want to make a large puchase, or want to make a balance transfer to pay off high interest loans

In addition to long-term low rates, many credit cards offer a great introductory rate, ranging from 0% to 4.9% annually. This rate could apply to balance transfers, purchases, or both, for a limited time typically six months to twelve months.

Be careful to read the terms and conditions of low APR credit cards to find the card that best suits your needs. You will need good to excellent credit rating to qualify for a low interest credit card. Check with your current credit card company to see if they will lower the rate on the card you have, rather than lose you as a customer.

If you plan to regularly pay off your balance before the end of the month, you may instead be interested in looking at rewards credit cards that charge slightly higher interest rates, but offer incentives, such as cash back, airline miles, and other types of rewards.

BMO Preferred MasterCard with Low Rate
	Annual Fee: $20 11.9 % annual interest rate 17.5% with no annual fee

Intro APR	Intro APR Period	Regular APR	Annual Fee	Minimum Income	Rewards
N/A	N/A	11.9 %	$20	Unknown	No

BMO CashBack MasterCard with Low Rate and 1% cash back option
	Low 12.9% interest rate available for an additional $35/year 0.5% CashBack on every card purchase 1.5% CashBack on all your card purchases at Shell locations in Canada 1.5% CashBack at National Car Rental & Alamo Rent A Car locations worldwide

Intro APR	Intro APR Period	Regular APR	Annual Fee	Minimum Income	Rewards
N/A	N/A	12.9 %	$35	Unknown	Yes

BMO AIR MILES MasterCard with Low Rate option
	Annual Fee: $35 11.9 % annual interest rate Earn 1/$20 AIR MILES reward miles

Intro APR	Intro APR Period	Regular APR	Annual Fee	Minimum Income	Rewards
N/A	N/A	11.9 %	$35	Unknown	Yes

BMO Gold Air Miles MasterCard with Low Rate
	Annual Fee: $35 + $99 = $134 11.9 % annual interest rate 1 AIR MILES reward mile for every $15 in card purchases Exclusive 25% discount on all AIR MILES flights worldwide

Intro APR	Intro APR Period	Regular APR	Annual Fee	Minimum Income	Rewards
N/A	N/A	11.9 %	$134	Unknown	Yes

*CIBC Select VISA Card**
	$29 annual fee 11.99% current regular annual interest rate Free additional cards (limit 3) $15,000 minimum annual household income Credit limit: $500 minimum Exclusive new CIBC CreditSmartTM features to manage your spending and protect you from fraud

Intro APR	Intro APR Period	Regular APR	Annual Fee	Minimum Income	Rewards
N/A	N/A	11.99%	$29	$15,000	Yes

Desjardins Modulo Gold
	$50 annual fee 9.9% annual interest rate 3-Day Travel Insurance Rewards program A payment holiday feature where you can skip the minimum payment twice a year.

Intro APR	Intro APR Period	Regular APR	Annual Fee	Minimum Income	Rewards
N/A	N/A	9.9%	$50	-	Yes

HSBC MasterCard with Low Rate Option
	$25 annual fee 12.9 % Annual Interest Rate on purchases and cash advances CashBack or Travel Rewards Options for an additional $35/year not applicable in the province of Quebec

Intro APR	Intro APR Period	Regular APR	Annual Fee	Grace Period	Rewards
N/A	N/A	12.9%	$25	23 days	No

National Bank Reduced Rate
	From $15 a year, you can reduce your current annual interest rate, which may vary between 19.5% and 19.9% depending on the card chosen. The interest rate applicable on cash advances and balance transfers drops to 11.5%. The rate on purchases falls to 14.5%.

Intro APR	Intro APR Period	Regular APR	Annual Fee	Minimum Income	Rewards
N/A	N/A	11.5%	$15	-	Yes

RBC Visa Classic Low Rate Option
	$20 annual fee 11.9% current regular annual interest rate Free additional cards Worldwide cash access up to $500 daily (up to your available credit limit)

Intro APR	Intro APR Period	Regular APR	Annual Fee	Minimum Income	Rewards
N/A	N/A	11.9%	$20	-	No

Scotiabank Value VISA card
	$29 annual fee 11.49% interest rate Minimum Credit Limit $1000 Scotia® VISA Cheques - free of charge Up to 20% discount rates at Avis Car Rental

Intro APR	Intro APR Period	Regular APR	Annual Fee	Minimum Income	Rewards
N/A	N/A	11.49%	$29	-	No

Scotiabank No Fee Value VISA card
	No annual fee 14.99% interest rate Minimum Credit Limit $1000 Scotia® VISA Cheques - free of charge Up to 20% discount rates at Avis Car Rental

Intro APR	Intro APR Period	Regular APR	Annual Fee	Minimum Income	Rewards
N/A	N/A	14.99%	$0	-	No

TD Emerald Visa Card
	$25 annual fee TD Prime + 1.9% up to TD Prime + 6.9%, current preferred rates range from 8.15% to 13.15% Standard Rate of 21.0% applies if your minimum payment is more that 30 days past due. Rates subject to change. Free additional cards (up to 3)

Intro APR	Intro APR Period	Regular APR	Annual Fee	Minimum Income	Rewards
N/A	N/A	See above	$25	-	No

Reward Credit Cards
Cash Back Credit Cards
Reward Credit Cards
Gas Cards
Travel Credit Cards

Everyday Credit Cards
Low Interest Credit Cards
No Annual Fee Credit Cards
Student Credit Cards
Secured Credit Cards

Other Credit Cards
Small Business Credit Cards
US Dollar Credit Cards
Store Credit Cards
Prepaid Credit Cards