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The Best Balance Transfer Credit Cards in Canada

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The Best Balance Transfer Credit Cards in Canada

Are you looking for the best balance transfer credit card in Canada? If so, you’ve come to the right place. There are a number of excellent choices available, each with their own unique advantages and drawbacks. To help you make an informed decision, we’ve compiled a list of the top 5 balance transfer credit cards in Canada.

Tangerine Money-Back Credit Card

This card offers one of the longest balance transfer periods in Canada at 10 months, which gives you plenty of time to pay off your existing debt without any interest charges or fees. In addition, it also has one of the lowest fees for transferring your balance (only 1% instead of 2-3%). Finally, this card comes with a great rewards system that lets you earn money back on all purchases made with it.

More : What is a Secured Credit Card and Why Should You Get One?

MBNA True Line Mastercard

This card is ideal if you want low interest rates on both purchases and transfers. It has an introductory rate of 0% on both purchases and transfers for up to 12 months, plus no annual fee and a generous rewards program that lets you earn points for every dollar spent.

BMO CashBack World Elite Mastercard

The BMO CashBack World Elite Mastercard is another great option if you’re looking for low interest rates and rewards points. It offers 0% interest on balance transfers for up to 10 months and up to 4% cashback on eligible purchases when using your card at select retailers. Additionally, this card has no annual fee and comes with travel insurance coverage when purchased through BMO Rewards program partners.

Home Trust Preferred Visa

The Home Trust Preferred Visa is designed specifically to help those with bad credit rebuild their score over time while still being able to enjoy great features such as low interest rates on purchases and 0% introductory APR on transfers for up to 6 months (the longest period offered by any Canadian issuer). Plus, this card comes with no annual fee or minimum monthly payment requirements making it easy to maintain over time.

More : The Benefits of No Annual Fee and Cashback Credit Cards

Scotiabank Momentum Visa Infinite

Last but not least is the Scotiabank Momentum Visa Infinite—a great choice if you’re looking for more than just low interest rates and balance transfer offers; this card also provides exceptional rewards points which can be used towards travel expenses such as flights or hotels stays anywhere in the world! On top of that, it also offers exclusive benefits like airport lounge access and preferred pricing at select retailers across Canada so you can save even more money on everyday purchases!

Are you ready to get started with one of these top 5 balance transfer credit cards in Canada? All five offer great features such as low interest rates, long grace periods, generous reward programs, no annual fees and more—so take some time to compare them side-by-side and pick out the one that best suits your needs! Once you’ve decided which one is right for you, apply online today! With a little luck and some careful budgeting along the way; soon enough your finances will be back on track thanks to these amazing balance transfer credit cards!

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