Canada's Best Credit Cards for Balance Transfers 2019

14 CARDS The total number of credit card results available for this search
Annual Fees The amount of money charged to you each year to use the card
Interest Rate The annual interest rate for balance transfers
Bonus Offer The bonus offer available when you apply for this card
YOUR ESTIMATED NET ANNUAL REWARDS
The annual reward earnings, minus the average annual fee (fee / years), plus the average annual value of the signing bonus (bonus / years)

American Express® AIR MILES®Featured

$0
no fee  
1.99% 
500 
Bonus Air Miles 
Net Rewards
Apply Now on American Express's
secure website
Show Offer Details
Offer Summary

  • New American Express® AIR MILES® Credit Card Cardmembers, earn a Welcome Bonus of 500 AIR MILES®* Reward Miles when you charge a total of $500 in purchases to your Card within your first three months of Cardmembership.

  • Earn 1 reward mile for every $15 in Card purchases at AIR MILES®* Sponsors

  • Earn 1 reward mile for every $20 in Card purchases you charge to the Card everywhere else

  • Shop at participating AIR MILES Sponsors across Canada with your Card and show your AIR MILES®* Collector Card, and you can earn reward miles twice

  • Redeem for a wide range of rewards - everything from electronics to...
Card Facts

Network:
Institution: American Express
Type:

Fees & Interest

Purchase Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%
Balance Transfer Interest Rate: 1.99%
First Year Annual Fee: $0
Annual Fee After First Year: $0

Eligibility

Personal Income: $15000
Household Income: $0
Credit Needed: Good

The SimplyCash from American Express

$0
no fee  
1.99% 
1.99% 
on transfers 1st 6 months 
Net Rewards
Apply Now on American Express's
secure website
Show Offer Details
Offer Summary

  • New SimplyCashTM Card from American Express Cardmembers can earn 2.5% cash back on purchases (up to $150 cash back) for the first 3 months of Cardmembership.

  • Earn 1.25% cash back on all other purchases when your Welcome Rate ends.

  • No limit to the amount of cash back you can earn after your Welcome Rate ends.

  • Optional Balance Transfer Offer to new Cardmembers – Enjoy a special 1.99% introductory interest rate on transferred balances in the first 6 months if you choose to transfer your other credit card balances to this American Express card.

  • Balance Transfer option is only available at time of online application. There...
Card Facts

Network:
Institution: American Express
Type:

Fees & Interest

Purchase Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%
Balance Transfer Interest Rate: 1.99%
First Year Annual Fee: $0
Annual Fee After First Year: $0

Eligibility

Personal Income: $15000
Household Income: $0
Credit Needed: Average

Scotia Momentum® VISA

$39
per year  
21.99% 
2.99% 
rate on transfers 1st 6 months 
Net Rewards
Show Offer Details
Offer Summary

  • Get an introductory 2.99% on Balance transfers for the first six months.

  • Cash back with low annual fee

  • 2% on eligible fas station, grocery store and drug store purchases, and reoccurring bill payments

  • 20% AVIS rental car discount
Card Facts

Network:
Institution: Scotiabank
Type:

Fees & Interest

Purchase Interest Rate: 19.99%
Cash Advance Interest Rate: 21.99%
Balance Transfer Interest Rate: 21.99%
First Year Annual Fee: $39
Annual Fee After First Year: $39

Eligibility

Personal Income: $15000
Household Income: $
Credit Needed: Good

National Bank World Mastercard

$125
1st year free, $125 after  
22.99% 
N/A 
 
Net Rewards
Apply Now on National Bank's
secure website
Show Offer Details
Offer Summary

  • Earn up to 2 points on ALL card purchases* without restrictions!

  • From August 6 to November 11, 2018, you can earn 25% more points or cashback (as applicable) when you buy gas at our partner Ultramar.

  • Out-of-province-of-residence medical/hospital insurance

  • Trip cancellation/interruption, flight delay and baggage inssurance

  • Rental vehicule insurance

  • Travel assistance service

  • Purchase protection in case of theft or damage

  • Extended Warranty

  • Concierge service

  • Conditions apply
Card Facts

Network:
Institution: National Bank
Type:

Fees & Interest

Purchase Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%
Balance Transfer Interest Rate: 22.99%
First Year Annual Fee: $0
Annual Fee After First Year: $125

Eligibility

Personal Income: $60000
Household Income: $100000
Credit Needed: Excellent

ECHO® Cashback MasterCard

$0
no fee  
22.99% 
N/A 
 
Net Rewards
Apply Now on National Bank's
secure website
Show Offer Details
Offer Summary

  • Earn 1.5% cashback on most online purchases, in grocery stores and on gas

  • Get unlimited 1% cashback on all other purchases

  • Apply your cashback as soon as you accumulate $25. You can even access your cashback on the go from any tablet or mobile device!

  • Purchase protection in case of theft or damage

  • Extended warranty

  • Conditions apply
Card Facts

Network:
Institution: National Bank
Type:

Fees & Interest

Purchase Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%
Balance Transfer Interest Rate: 22.99%
First Year Annual Fee: $0
Annual Fee After First Year: $0

Eligibility

Personal Income: $15000
Household Income: $0
Credit Needed: Good

BMO AIR MILES MasterCard

$0
no fee  
22.99% 
500 
Bonus Air Miles 
Net Rewards
Apply Now on Bank of Montreal's
secure website
Show Offer Details
Offer Summary

  • Get 500 AIR MILES Bonus Miles

  • Then get 1 AIR MILES reward mile for every $20 in purchases

  • Get a 1.99% introductory interest rate on Balance Transfers for 9 months*, 1% fee applies to balance amounts transferred.

  • Double Dip at AIR MILES sponsored locations

  • No Annual fee

  • Receive a discount on car rentals

  • Extended Warranty

  • Purchase Protection

  • BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information

  • Terms and conditions apply
Card Facts

Network:
Institution: Bank of Montreal
Type:

Fees & Interest

Purchase Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%
Balance Transfer Interest Rate: 22.99%
First Year Annual Fee: $0
Annual Fee After First Year: $0

Eligibility

Personal Income: $15000
Household Income: $0
Credit Needed: Good

World Elite Mastercard National Bank

$150
1st year free, $150 after  
22.99% 
3.5 
points on Travel 
Net Rewards
Apply Now on National Bank's
secure website
Show Offer Details
Offer Summary

  • From August 6 to November 11, 2018, you can earn 25% more points or cashback (as applicable) when you buy gas at our partner Ultramar.

  • Earn up to 2.5 points on ALL card purchases* without restrictions!

  • Get up to 3.5 points for each dollar you spend on flights and vacation packages at the online travel agency. — À la carte Travel — powered by Transat.

  • Up to $250 in Elite traveller fee rebates!

  • Out-of-province-of-residence medical/hospital insurance

  • Trip cancellation/interruption, flight delay and baggage inssurance

  • Rental vehicle insurance

  • Travel assistance service

  • Purchase protection in case of theft or damage

  • Extended Warranty
  • ...
Card Facts

Network:
Institution: National Bank
Type:

Fees & Interest

Purchase Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%
Balance Transfer Interest Rate: 22.99%
First Year Annual Fee: $0
Annual Fee After First Year: $150

Eligibility

Personal Income: $80000
Household Income: $150000
Credit Needed: Excellent

American Express Essential

$0
no fee  
1.99% 
1.99% 
on transfers first 6 months 
Net Rewards
Apply Now on American Express's
secure website
Show Offer Details
Offer Summary

  • Enjoy a low 8.99% interest rate on purchases Have the flexibility to pay your balance in full or over time Optional Balance Transfer Offer to new Cardmembers – Enjoy a 1.99% interest rate in the first 6 months if you choose to transfer your other credit card balances to this American Express card

  • Balance Transfer option is only available at time of online application. There is no balance transfer fee at time of application

  • Access to memorable experiences with American Express Invites™

  • Shopping coverage and 24/7 Customer Service

  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For...
Card Facts

Network:
Institution: American Express
Type:

Fees & Interest

Purchase Interest Rate: 8.99%
Cash Advance Interest Rate: 8.99%
Balance Transfer Interest Rate: 1.99%
First Year Annual Fee: $0
Annual Fee After First Year: $0

Eligibility

Personal Income: $
Household Income: $0
Credit Needed:

Visa Classic Low Rate Option

$20
per year  
11.99% 
11.99% 
on balance transfers 
Net Rewards
Show Offer Details
Offer Summary

  • Worldwide access to cash advances of up to $500 daily (up to your available credit limit)

  • Accepted at more than 600,000 locations in Canada and over 24 million worldwide

  • Time-saving autopayment service

  • Commission-free travellers cheques
Card Facts

Network:
Institution: RBC Royal Bank
Type:

Fees & Interest

Purchase Interest Rate: 11.99%
Cash Advance Interest Rate: 11.99%
Balance Transfer Interest Rate: 11.99%
First Year Annual Fee: $20
Annual Fee After First Year: $20

Eligibility

Personal Income: $
Household Income: $
Credit Needed:

BMO Preferred Rate MasterCard

$20
per year  
11.9% 
3.99% 
on transfers 1st 9 months 
Net Rewards
Apply Now on Bank of Montreal's
secure website
Show Offer Details
Offer Summary

  • Welcome Offer: Get a 3.99% introductory interest rate on Balance Transfers for 9 months

  • Free extended warranty and purchase protection

  • Zero Dollar Liability: protects you from unauthorized use of your credit card

  • Worldwide acceptance at over 30 million locations
  • BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information

  • Terms and conditions apply
Card Facts

Network:
Institution: Bank of Montreal
Type:

Fees & Interest

Purchase Interest Rate: 11.9%
Cash Advance Interest Rate: 11.9%
Balance Transfer Interest Rate: 11.9%
First Year Annual Fee: $20
Annual Fee After First Year: $20

Eligibility

Personal Income: $
Household Income: $0
Credit Needed: Good

Scotiabank Value® Visa*

$29
per year  
11.99% 
0.99% 
rate on transfers 1st 6 months 
Net Rewards
Show Offer Details
Offer Summary

  • Special 0.99% introductory interest rate on balance transfers for the first 6 months

  • Pay down higher interest rate balances faster when transferred to your card

  • Simplify your monthly payments by consolidating all your higher interest outstanding balances on this card

  • Annual Fee $29

  • Up to 20% AVIS rental car discount

  • Estimated first year rewards on credit card account following approval and if all requirements for rewards are met
Card Facts

Network:
Institution: Scotiabank
Type:

Fees & Interest

Purchase Interest Rate: 11.99%
Cash Advance Interest Rate: 11.99%
Balance Transfer Interest Rate: 11.99%
First Year Annual Fee: $29
Annual Fee After First Year: $29

Eligibility

Personal Income: $
Household Income: $
Credit Needed:

CIBC Select VISA (Low Rate)

$29
per year  
13.99% 
13.99% 
low interest rate 
Net Rewards
Apply Now on CIBC's
secure website
Show Offer Details
Offer Summary

  • Get a low interest rate of 13.99% with a $29 annual fee

  • Enjoy perks such as Avis and Budget car rental discounts

  • No annual fee for additional cards (up to 3)
Card Facts

Network:
Institution: CIBC
Type:

Fees & Interest

Purchase Interest Rate: 13.99%
Cash Advance Interest Rate: 13.99%
Balance Transfer Interest Rate: 13.99%
First Year Annual Fee: $29
Annual Fee After First Year: $29

Eligibility

Personal Income: $
Household Income: $15000
Credit Needed:

Desjardins Classic Visa

$30
per year  
12.9% 
12.9% 
on balance transfers 
Net Rewards
Apply Now on Desjardins's
secure website
Show Offer Details
Offer Summary

  • Pay less for a low-rate card

  • 3-Day Travel Insurance

  • Mobile Payment: pay for your purchases with a wave of your smartphone

  • Zero Liability against fraudulent transactions made to your card

  • Cash advances up to $2,500 per day

  • Up to 10% hertz discount
Card Facts

Network:
Institution: Desjardins
Type:

Fees & Interest

Purchase Interest Rate: 12.9%
Cash Advance Interest Rate: 12.9%
Balance Transfer Interest Rate: 12.9%
First Year Annual Fee: $30
Annual Fee After First Year: $30

Eligibility

Personal Income: $
Household Income: $0
Credit Needed:

VISA Black (reduced rate option)

$30
per year  
12.49% 
12.49% 
balance transfer rate 
Net Rewards
Apply Now on Laurentian Bank's
secure website
Show Offer Details
Offer Summary

  • You’re protected against the unauthorized use of your card or information about your account with Visa’s Zero Liability3 policy, at no extra cost to you

  • You can safely shop online thanks to Verified by Visa or Visa Checkout

  • 21-day interest-free payment deferment until the date shown on your statement

  • Possibility of access to virtual mail statement
  • v
  • Balances tranfer to other credit cards possible

  • Cards accepted in over 150 countries

  • Cash advances available from 800,000 automatic teller machines and 400,000 financial institutions

  • Free additional cards

  • Easy account payment by Internet, telephone, mail or at Bank Branches
Card Facts

Network:
Institution: Laurentian Bank
Type:

Fees & Interest

Purchase Interest Rate: 12.49%
Cash Advance Interest Rate: 12.49%
Balance Transfer Interest Rate: 12.49%
First Year Annual Fee: $30
Annual Fee After First Year: $30

Eligibility

Personal Income: $
Household Income: $0
Credit Needed: