Best for: Overall value
- Annual Fee
- $25
- Rewards rate
- 0x
- Welcome Bonus
- —
- 1st Year Value
- —
Pros
- Simple and straightforward
Cons
- No welcome bonus
- Modest reward rates
Ranking · Updated June 2026
Best Balance Transfer Credit Cards in Canada
Transfer high-interest debt to a low or 0% promotional rate. Compare balance transfer offers and save on interest.
Best for: 1st Yr Fee Rebate
The RBC Visa Classic Low Rate Option Card offers a first year annual fee rebate (regular fee $20/yr). You earn 0x on groceries and 0x at restaurants.
Best of Month1st Yr Fee Rebate
- Annual Fee
- $20 $0
- Rewards rate
- 0x
- Welcome Bonus
- —
- 1st Year Value
- —
Pros
- First Year Annual Fee Rebate
Cons
- No welcome bonus
- Modest reward rates
Complete Guide
Best Balance Transfer Credit Cards in Canada
Transfer high-interest debt to a low or 0% promotional rate. Compare balance transfer offers and save on interest.
Balance transfer cards offer a low or 0% introductory rate on transferred balances, giving you a window to pay down high-interest debt faster. Transfer fees of 1–3% typically apply, but the interest savings can be substantial.
2
Cards analyzed
Jun 2026
Last updated
100%
Independent
Methodology
Our team evaluates credit cards based on overall consumer value: rewards earning rates, annual fees, welcome bonuses, insurance coverage, and additional perks. Cards are ranked by estimated first-year value. We update our picks monthly.
📊Real data
🔄Updated regularly
⚖️Unbiased review
🎯Transparent criteria
FAQ
Frequently Asked Questions
1How long do balance transfer promotions last?
Most balance transfer promotions last 6–12 months. MBNA offers some of the longest promotional periods in Canada.
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