Canada's Best Low Rate Credit Cards 2022

InterestRates.ca > Low rate credit cards
8 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 the credit card
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 Essential
Review
$0
no fee  
8.99% 
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
Review
$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

Review
$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: 11.90%%
Balance Transfer Interest Rate: 11.90%%
First Year Annual Fee: $20
Annual Fee After First Year: $20

Eligibility

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

Scotiabank Value® Visa*
Review
$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)

Review
$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
Review
$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: 12.90%%
Balance Transfer Interest Rate: 12.90%%
First Year Annual Fee: $30
Annual Fee After First Year: $30

Eligibility

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

VISA Black (reduced rate option)

Review
$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:

Home Trust Secured Annual Fee Visa
Review
$59
per year  
14.9% 
N/A 
 
Net Rewards
Show Offer Details
Offer Summary

  • Not available to residents of Quebec.

  • The Home Trust Secured Visa Card is a credit card that requires a security deposit for eligibility. Your credit limit is then set at the amount of the deposit. You can put down as little as $500, or as much as $10,000.

  • Make purchases over the phone or online

  • Plan and book a vacation

  • Access cash anytime, anywhere from over 1 million ATMs around the world displaying the Visa or Plus logo Shop at over 24 million locations worldwide

  • Applicants who have been discharged from Bankruptcy are eligible to apply at any time (Discharge Certificate may be requested)
    • ...
Card Facts

Network:
Institution: Home Trust
Type:

Fees & Interest

Purchase Interest Rate: 14.9%
Cash Advance Interest Rate: 19.80%%
Balance Transfer Interest Rate: %
First Year Annual Fee: $59
Annual Fee After First Year: $59

Eligibility

Personal Income: $
Household Income: $
Credit Needed:

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