Compare credit cards with low purchase and balance-transfer interest rates. Cut the cost of carrying a balance with the best low-interest cards in Canada.
It comes with a welcome bonus of 80,000 points. You earn 2x on groceries and 2x at restaurants. Estimated first-year value is $847.
Scene+
Ends Jul 1, 2026
The MBNA True Line Mastercard credit card - Non Quebec Residents has no annual fee, making it risk-free to hold. You earn 0x on groceries and 0x at restaurants.
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.
You earn 0x on groceries and 0x at restaurants. Estimated first-year value is $-35.
Cash Back
You earn 0x on groceries and 0x at restaurants. Estimated first-year value is $-39.
The CIBC Aeroplan Visa Business Card offers a first year annual fee rebate (regular fee $180/yr). It comes with a welcome bonus of 75,000 points. You earn 1x on groceries and 1.5x at restaurants. Estimated first-year value is $2,088.
Aeroplan
You earn 3x on groceries and 4x at restaurants. Estimated first-year value is $549.
Bonidollars Desjardins
It comes with a welcome bonus of $40. You earn 0x on groceries and 0x at restaurants. Estimated first-year value is $10.
Cash Back
The Desjardins Flexi Visa Card has no annual fee, making it risk-free to hold. You earn 0x on groceries and 0x at restaurants.
Complete Guide
Compare credit cards with low purchase and balance-transfer interest rates. Cut the cost of carrying a balance with the best low-interest cards in Canada.
Low-interest credit cards trade flashy rewards for the lowest possible purchase APR — typically 8% to 13% — making them a smart pick if you carry a balance month-to-month.
If you regularly pay only the minimum or expect a large purchase you can’t fully repay in one cycle, a low-interest card almost always saves you more than rewards points would generate.
Look at the purchase APR (your day-to-day rate), the balance-transfer rate (often promotional, then standard), and any annual fee — a $39 fee can be worth it if it shaves several percentage points off your APR.
10
Cards analyzed
Jun 2026
Last updated
100%
Independent
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.
FAQ
A credit card with a purchase APR well below the typical 19.99–20.99% range — usually 8% to 13%. They’re designed for people who carry a balance and want to minimize interest charges, not maximize rewards.
No. If you always pay your statement balance, the APR never applies and you should pick a rewards card instead — you’ll come out ahead by hundreds per year.
Compare the best credit cards in Canada or calculate which card's rewards actually fit your budget.
