Low Interest Credit Cards

The low interest credit cards listed below provide either a low fixed-rate APR or a low introductory APR. Compare the following credit cards, then apply online for your choice of credit card by completing a secure application.

The American Express® AIR MILES Credit Card

Apply Now at American Express - Canada's
secure site
  • New American Express® AIR MILES®* Credit Card Cardmembers, earn a Welcome Bonus of 500 AIR MILES** Reward Miles when you charge $500 in purchases to your Card within your first three months of Cardmembership
  • Earn 1 reward mile for every $15 in Card purchases at AIR MILES®* Sponsors
  • Earn 1 reward mile for every $20 in Card purchases you charge to the Card everywhere else
  • Shop at participating AIR MILES Sponsors across Canada with your Card and show your AIR MILES®* Collector Card, and you can earn reward miles twice
  • Redeem for a wide range of rewards - everything from electronics to travel and more
  • Have the flexibility to pay your balance off in full or over time
  • Enjoy a special 1.99% rate on transferred balances in the first 6 months when transferring your other card balances to this AMEX card at time of online application. There is no balance transfer fee at time of application
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions Apply.
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Apply Now at American Express - Canada's
secure site
Typical APR
19.99% purchases
Balance Transfer APR
1.99%
Balance Transfer Fee
See Terms
Annual Fee
No annual fee
Credit Needed
Excellent Credit

BMO® Preferred Rate MasterCard®*

Apply Now at Bank of Montreal's
secure site
  • Enjoy our lowest no-fee interest rate of 11.9+% on purchases and cash advances*
  • Free extended warranty and purchase protection*
  • Zero Dollar Liability: protects you from unauthorized use of your credit card*
  • Worldwide acceptance at over 30 million locations
  • BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information
  • *Terms and conditions apply
  • en Français
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Apply Now at Bank of Montreal's
secure site
Typical APR
11.90% (Variable)
Balance Transfer APR
11.9%
Balance Transfer Fee
See Terms
Annual Fee
$20
Credit Needed
Good Credit

Capital One® Low Rate Guaranteed MasterCard®

Apply Now at Capital One - Canada's
secure site
  • Annual interest rate for cash advances is 19.8%
  • Low annual interest rate of 14.9% on purchases and balance transfers
  • May help you strengthen your credit history
  • If you're approved for a Secured card, security funds will be required
  • Annual fee of $79
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Apply Now at Capital One - Canada's
secure site
Typical APR
14.9%
Balance Transfer APR
14.9%
Balance Transfer Fee
See Terms
Annual Fee
$79
Credit Needed
Building Credit

RBC Cash Back MasterCard‡

Apply Now at Royal Bank of Canada's
secure site
  • A low introductory interest rate of 1.9% for 10 months on balance transfers and cash advancesΔ
  • Earn up to 2% cash bank credits on grocery store purchases2
  • Earn up to 1% cash back credits on all other purchases including pre-authorized payments2
  • Protect your eligible purchases for up to 90 days against loss, theft or damage*
  • Cash back credits accumulate automatically
  • Purchase on your card and automatically double the manufacturer's warranty up to one year*
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Apply Now at Royal Bank of Canada's
secure site
Typical APR
19.99% (Fixed)
Balance Transfer APR
Yes
Balance Transfer Fee
See Terms
Annual Fee
$0*
Credit Needed
Good Credit

No-Fee Scotiabank Value® VISA Card

Apply Now at Scotiabank's
secure site
  • 16.99% interest rate
  • Interest free grace period of at least 21 days on purchases
  • Save hundreds of dollars a year
  • Pay down balances faster
  • Simplify your monthly payments
  • 20% AVIS rental card discount
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Apply Now at Scotiabank's
secure site
Typical APR
16.99%*
Balance Transfer APR
3.99% for 6 months*
Balance Transfer Fee
See Terms
Annual Fee
$0*
Credit Needed
Good Credit

Platinum Plus® MasterCard® credit card - 0% for 12

Apply Now at MBNA's
secure site
  • Simplify your finances while enjoying platinum services.
  • 0% promotional annual interest rate† (AIR) on balance transfers✪ for the first 12 full months
  • Access to 24/7 customer service
  • Around-the-clock-fraud protection
  • Immediate cash access at over 1 million ATMS worldwide
  • No annual fee
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Apply Now at MBNA's
secure site
Typical APR
See Terms
Balance Transfer APR
See Terms
Balance Transfer Fee
See Terms
Annual Fee
None
Credit Needed
Good Credit

Scotiabank Value® VISA Card

Apply Now at Scotiabank's
secure site
  • Low 11.99% interest rate
  • Interest free grace period of at least 21 days on purchases
  • Save hundreds of dollars a year
  • Pay down balances faster
  • Simplify your monthly payments
  • 20% AVIS rental card discount
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Apply Now at Scotiabank's
secure site
Typical APR
11.99%*
Balance Transfer APR
0.99% for 6 months*
Balance Transfer Fee
See Terms
Annual Fee
$29*
Credit Needed
Good Credit

American Express Essential™ Credit Card

Apply Now at American Express - Canada's
secure site
  • Enjoy a low 8.99% interest rate on purchases
  • Have the flexibility to pay your balance in full or over time
  • Enjoy a 1.99% interest rate on optional balance transfers in the first 6 months if you choose to transfer your non-American Express card balances to this Card. There is no balance transfer fee at time of application
  • Access to memorable experiences with American Express Invites™
  • Shopping coverage and 24/7 Customer Service
  • American Express is not responsible for main or monitoring the accuracy of information on this website. For full details, current product information and Terms and Conditions, click the Apply now link.
  • Conditions apply
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Apply Now at American Express - Canada's
secure site
Typical APR
8.99%
Balance Transfer APR
N/A
Balance Transfer Fee
See Terms
Annual Fee
$0
Credit Needed
Excellent Credit
* See the online low interest credit cards applications for details about terms and conditions of offer. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click the “Apply Now” button you can review the credit card terms and conditions on the issuer's website.