Transfer high-interest debt to a low or 0% promotional rate. Compare balance transfer offers and save on interest.
The BMO Preferred Rate Mastercard offers a first year annual fee rebate (regular fee $29/yr). You earn 0x on groceries and 0x at restaurants.
The CIBC Select Visa Card offers a first year annual fee rebate (regular fee $29/yr). You earn 0x on groceries and 0x at restaurants. Estimated first-year value is $29.
The Scotiabank Value Visa Card offers a first year annual fee rebate (regular fee $29/yr). You earn 0x on groceries and 0x at restaurants.
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 Tangerine Money-Back World Mastercard has no annual fee, making it risk-free to hold. It comes with a welcome bonus of $100. You earn 2x on groceries and 0.5x at restaurants. Estimated first-year value is $338.
Cash Back
Ends Sep 30, 2026
Complete Guide
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.
5
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
Most balance transfer promotions last 6–12 months. MBNA offers some of the longest promotional periods in Canada.
Compare the best credit cards in Canada or calculate which card's rewards actually fit your budget.
