Balance Transfer Credit Cards

Balance transfer credit cards are designed to help people save money by letting them transfer high interest balances to an introductory 0% interest or low-interest credit card so that it eliminates you of potential interest charges, which can be quite expensive over months. Transferring balances to a credit card with 0 interest for 12 months can provide substantial savings. If you have $10,000 in credit card debt and are paying an interest rate of 15%, you can save around $1,500 on interest charges over the next 12 months. Your Savings = Your Debt * High Interest Rate – Transfer Fee.

Most credit cards charge a one-time transaction fee for balance transfers, which is minimal compared to the interest charges that you may have saved over the next few months. If you’re carrying a large credit card balance each month, it’s well worth your time and effort to check out these best Canadian balance transfer credit cards. Check out the most popular Canadian balance transfer credit cards that stand out.

  • 0.99% introductory interest rate on balance transfers for the first 6 months (12.99% after that; annual fee $29)
  • Save up to hundreds of dollars in interest a year
  • Low 12.99% interest rate
  • Convenient with Visa payWave*simply wave your card and go!
  • Pay down higher interest rates balances faster
  • Transfer higher rate balances and save even more
Intro APR
0.99% on Balance Transfers
Intro APR Period
6 months
Purchase APR
12.99%
Annual Fee
$29
  • Do life stuff, get an extra 15% back* on everyday purchases.
  • Earn an extra 15% back* for a limited time with a Tangerine Money-Back Credit Card.
  • Apply for a Tangerine Money-Back Credit Card by January 31, 2022 and earn an extra 15% back (up to $150) when you spend up to $1,000 in everyday purchases within your first 2 months.*
  • Earn 2% Money-Back Rewards on purchases in two 2% Money-Back Categories of your choice, and 0.50% Money-Back Rewards on all other purchases.
  • Have your Money-Back Rewards deposited into a Tangerine Savings Account, and get a 3rd 2% Money-Back Category.
  • No limit on the amount of Money-Back Rewards you can earn.
  • Change your 2% Money-Back Categories to suit your spending.
  • No annual fee
Intro APR
1.95% on Balance Transfers
Intro APR Period
6 months
Purchase APR
19.95%
Annual Fee
$0
  • Get a 2.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $39)
  • Earn 2% cash back for every $1 you spend on all eligible gas stations, grocery store, drug store purchases and recurring bill payments.
  • 1% cash back on all other eligible everyday purchases
Intro APR
2.99% on Balance Transfers
Intro APR Period
6 months
Purchase APR
19.99%
Annual Fee
$39
  • Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, get a 1.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $0).
  • Earn 1% cash back on all eligible gas stations, grocery stores, drug stores purchases and recurring payments.
  • Earn 0.5% cash back on all other eligible purchases.
Intro APR
1.99% on Balance Transfers
Intro APR Period
6 months
Purchase APR
19.99%
Annual Fee
$0
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