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Ranking · Updated May 2026

Best Low-Interest Credit Cards in Canada

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.

166
cards
Best for: Overall value
Business Platinum Card® from American Express
Business Platinum Card® from American Express

American Express Canada · American Express Canada · American Express Membership Rewards

4.8Ratesopedia rating

It comes with a welcome bonus of 120,000 points. You earn 1.25x on groceries and 1.25x at restaurants. Estimated first-year value is $2,351.

Best of Month

Annual Fee

$799

Rewards rate

1.25x

American Express Membership Rewards

Welcome Bonus

120,000 points

1st Year Value

$2,351

Pros

  • Welcome bonus of 120,000 points
  • Estimated 1st-year value of $2,351

Cons

  • High annual fee ($799)
Best for: Aeroplan travel
CIBC® Aeroplan® Visa Infinite Privilege* Card
CIBC® Aeroplan® Visa Infinite Privilege* Card

CIBC · Visa · Aeroplan

5.0Ratesopedia rating

It comes with a welcome bonus of 100,000 points. You earn 1.5x on groceries and 1.25x at restaurants. Estimated first-year value is $2,283.

Annual Fee

$599

Rewards rate

1.25x

Aeroplan

Welcome Bonus

100,000 points

1st Year Value

$2,283

Pros

  • Welcome bonus of 100,000 points
  • Estimated 1st-year value of $2,283

Cons

  • High annual fee ($599)
  • Requires good credit
Best for: Aeroplan travel
American Express® Aeroplan®* Business Reserve Card
American Express® Aeroplan®* Business Reserve Card

American Express Canada · American Express Canada · Aeroplan

5.0Ratesopedia rating

It comes with a welcome bonus of 90,000 points. You earn 1.25x on groceries and 1.25x at restaurants. Estimated first-year value is $2,226.

Best of Month

Annual Fee

$599

Rewards rate

1.25x

Aeroplan

Welcome Bonus

90,000 points

1st Year Value

$2,226

Pros

  • Welcome bonus of 90,000 points
  • Estimated 1st-year value of $2,226

Cons

  • High annual fee ($599)
Best for: Aeroplan travel
CIBC Aeroplan® Visa* Business Card
CIBC Aeroplan® Visa* Business Card

CIBC · Visa · Aeroplan

5.0Ratesopedia rating

The CIBC Aeroplan® Visa* Business Card offers the first year free (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 $2,215.

1st Year Free

Annual Fee

$180 $0

Rewards rate

1x

Aeroplan

Welcome Bonus

75,000 points

1st Year Value

$2,215

Pros

  • First year free
  • Welcome bonus of 75,000 points
  • Estimated 1st-year value of $2,215

Cons

  • High annual fee ($180)
  • Requires good credit
Best for: Overall value
American Express Platinum Card®
American Express Platinum Card®

American Express Canada · American Express Canada · American Express Membership Rewards

4.8Ratesopedia rating

It comes with a welcome bonus of 100,000 points. You earn 1x on groceries and 2x at restaurants. Estimated first-year value is $2,170.

Best of Month

Annual Fee

$799

Rewards rate

1x

American Express Membership Rewards

Welcome Bonus

100,000 points

1st Year Value

$2,170

Pros

  • Welcome bonus of 100,000 points
  • 2x at restaurants
  • Estimated 1st-year value of $2,170

Cons

  • High annual fee ($799)
Best for: Aeroplan travel
TD® Aeroplan® Visa Infinite Privilege* Credit Card
TD® Aeroplan® Visa Infinite Privilege* Credit Card

TD Canada Trust · Visa · Aeroplan

5.0Ratesopedia rating

It comes with a welcome bonus of 85,000 points. You earn 1.5x on groceries and 1.5x at restaurants. Estimated first-year value is $2,161.

Best of Month

Annual Fee

$599

Rewards rate

1.25x

Aeroplan

Welcome Bonus

85,000 points

1st Year Value

$2,161

Pros

  • Welcome bonus of 85,000 points
  • Estimated 1st-year value of $2,161

Cons

  • High annual fee ($599)
  • Requires good credit
Best for: Aeroplan travel
American Express® Aeroplan®* Reserve Card
American Express® Aeroplan®* Reserve Card

American Express Canada · American Express Canada · Aeroplan

5.0Ratesopedia rating

It comes with a welcome bonus of 85,000 points. You earn 1.25x on groceries and 2x at restaurants. Estimated first-year value is $2,130.

Best of Month

Annual Fee

$599

Rewards rate

1.25x

Aeroplan

Welcome Bonus

85,000 points

1st Year Value

$2,130

Pros

  • Welcome bonus of 85,000 points
  • 2x at restaurants
  • Estimated 1st-year value of $2,130

Cons

  • High annual fee ($599)
Best for: First year free
BMO VIPorter World Elite®* Mastercard®*
BMO VIPorter World Elite®* Mastercard®*

Bank of Montreal · Mastercard · VIPorter

5.0Ratesopedia rating

The BMO VIPorter World Elite®* Mastercard®* offers the first year free (regular fee $199/yr). It comes with a welcome bonus of 70,000 points. You earn 2x on groceries and 2x at restaurants. Estimated first-year value is $1,764.

1st Year Free

Annual Fee

$199 $0

Rewards rate

1x

VIPorter

Welcome Bonus

70,000 points

1st Year Value

$1,764

Pros

  • First year free
  • Welcome bonus of 70,000 points
  • 2x on groceries
  • 2x at restaurants

Cons

  • High annual fee ($199)
  • Requires good credit
Best for: Overall value
BMO eclipse Visa Infinite Privilege* Card
BMO eclipse Visa Infinite Privilege* Card

Bank of Montreal · Visa · Bmo Rewards

4.8Ratesopedia rating

It comes with a welcome bonus of 200,000 points. You earn 5x on groceries and 5x at restaurants. Estimated first-year value is $1,655.

Best of Month

Annual Fee

$599

Rewards rate

1x

Bmo Rewards

Welcome Bonus

200,000 points

1st Year Value

$1,655

Pros

  • Welcome bonus of 200,000 points
  • 5x on groceries
  • 5x at restaurants
  • Estimated 1st-year value of $1,655

Cons

  • High annual fee ($599)
  • Requires good credit
Best for: First year free
TD First Class Travel® Visa Infinite* Card
TD First Class Travel® Visa Infinite* Card

TD · Visa · TD Rewards

5.0Ratesopedia rating

The TD First Class Travel® Visa Infinite* Card offers the first year free (regular fee $139/yr). It comes with a welcome bonus of 165,000 points. You earn 6x on groceries and 6x at restaurants. Estimated first-year value is $1,634.

Best of Month1st Year Free

Annual Fee

$139 $0

Rewards rate

2x

TD Rewards

Welcome Bonus

165,000 points

1st Year Value

$1,634

Pros

  • First year free
  • Welcome bonus of 165,000 points
  • 6x on groceries
  • 6x at restaurants

Cons

  • Requires good credit

Complete Guide

Best Low-Interest Credit Cards in Canada

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.

Who Should Get One?

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.

What to Compare

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.

166

Cards analyzed

May 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

1What is a low-interest credit card?

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.

2Are low-interest cards worth it if I pay my balance in full?

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.

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