Canada · October 2026
Best low-interest credit cards in Canada
Cards ranked by the lowest stated purchase interest rate, then by annual fee. All amounts are in Canadian dollars.
27 low interest cards ranked
Low-rate card with a variable rate of prime plus 4% (minimum 8.90%) on purchases and prime plus 8% (minimum 12.90%) on balance transfers and cash advances; no rewards.
- Annual fee
- $35 (Second authorized card $0)
- Purchase rate
- Prime + 4% (minimum 8.90%)
- Balance transfers
- Prime + 8% (minimum 12.90%)
- Foreign transaction fee
- 2.5%
Earn 2 Scene+ points per $1 on all eligible purchases, with 10 complimentary lounge visits per year and no foreign transaction fees.
Earn: base 2 pts · travel 2 pts
- Annual fee
- $399
- Welcome offer
- Up to 100,000 bonus Scene+ points: 60,000 at $5,000 in 3 months, 20,000 at $10,000 in 6 months, 20,000 on a purchase in month 14. Open account Jul 2 to Nov 1, 2026
- Purchase rate
- 9.99%
- Foreign transaction fee
- None
No-annual-fee low-rate card: 10.9% on purchases and 12.9% on cash advances; no rewards.
- Annual fee
- $0
- Purchase rate
- 10.9%
- Foreign transaction fee
- 2.5%
Lowest-rate MBNA card with a 10.99% purchase rate and $39 annual fee.
- Annual fee
- $39 (Up to 9 authorized users with no additional fee)
- Purchase rate
- 10.99%
- Balance transfers
- 13.99%
- Foreign transaction fee
- Not stated
Low-rate version of the Classic card with an 11.25% purchase rate, earning 0.5 points per $1.
Earn: base 0.5 pts · travel 1 pts · everyday 0.5 pts
- Annual fee
- $50 (First-year $50 annual fee waived for new cardholders)
- Welcome offer
- First-year $50 annual fee waived
- Purchase rate
- 11.25%
- Foreign transaction fee
- 2.5%
Student Classic card with an 11.25% rate earning 0.5 points per $1.
Earn: base 0.5 pts · everyday 0.5 pts
- Annual fee
- $50 ($50 annual fee)
- Welcome offer
- Up to $100 in rewards value in first 3 months
- Purchase rate
- 11.25%
- Foreign transaction fee
- 2.5%
Visa Infinite with a lower 11.25% rate, earning 10 points per $1 at local businesses, 5 on transit, 2.5 on groceries and 1.25 on everything else.
Earn: base 1.25 pts · groceries 2.5 pts · travel 2.5 pts · everyday 1.25 pts
- Annual fee
- $145 ($145 annual fee; two-year annual fee waiver welcome offer)
- Welcome offer
- Two-year annual fee waiver
- Purchase rate
- 11.25%
- Foreign transaction fee
- 2.5%
Earn up to 4% of purchases in BONUSDOLLARS on restaurants, entertainment and alternative transportation, 3% on groceries, up to 3% on travel, and 1.5% on other purchases.
Earn: base 1.5% · groceries 3% · dining 4% · travel 3%
- Annual fee
- $295 ($295 for Desjardins members, $395 for non-members)
- Purchase rate
- 11.9%
- Foreign transaction fee
- 2.5%
Fixed 12.90% interest on purchases and cash advances; no rewards.
- Annual fee
- $25 (Additional cardholder $0; first-year fee rebate with offer)
- Welcome offer
- 0% promotional interest on purchases for first 6 months plus first-year annual fee rebate
- Purchase rate
- 12.90%
- Foreign transaction fee
- Not stated
No-fee, low-rate (12.99%) Mastercard earning 2 points per $1 on the first $750 of monthly spend, 4 on the next $750 and 6 above $1,500, plus monthly bonus points.
Earn: base 2 pts · everyday 2 pts
- Annual fee
- $0 ($0 monthly fee; $0 additional card)
- Welcome offer
- 10,000 points ($10 value) welcome offer
- Purchase rate
- 12.99%
- Balance transfers
- 12.99%
- Foreign transaction fee
- Not stated
No-fee low-interest card with a 12.99% purchase rate and a 0% promotional rate on balance transfers for 12 months.
- Annual fee
- $0 (Up to 9 authorized users with no additional fee)
- Welcome offer
- 0% promotional annual interest rate for 12 months on balance transfers completed within 90 days of account opening
- Purchase rate
- 12.99%
- Balance transfers
- 17.99%
- Foreign transaction fee
- Not stated
Low fixed-rate card with no rewards; 12.99% on purchases and 14.99% on cash advances and balance transfers.
- Annual fee
- $20 (Annual fee waived first year with current offer (apply by Nov 4, 2026); additional card $0)
- Purchase rate
- 12.99%
- Balance transfers
- 14.99%
- Foreign transaction fee
- 2.5%
Low-rate card with no rewards earning, offering a 12.99% interest rate on purchases and funds advances.
- Annual fee
- $25 (No fee for Additional Cards)
- Purchase rate
- 12.99%
- Foreign transaction fee
- Not stated
Low-rate Mastercard with a 12.99% purchase rate; no rewards earning stated.
- Annual fee
- $30 ($30 annual fee; $0 supplemental; 25% of fee returned as Profit Share cash)
- Purchase rate
- 12.99%
- Foreign transaction fee
- 2.5%
Low-rate rewards card earning 1 point per $1 on everyday purchases with a 12.99% fixed purchase rate.
Earn: base 1 pts · everyday 1 pts
- Annual fee
- $50 ($50 annual fee; $10 additional card)
- Purchase rate
- 12.99% fixed
- Balance transfers
- 0% for 9 months on balance transfers (terms apply)
- Foreign transaction fee
- 2.5%
Low-rate rewards card with a 12.99% rate and 1 point per $1 on all purchases.
Earn: base 1 pts · everyday 1 pts
- Annual fee
- $50 ($50 annual fee)
- Welcome offer
- $100 statement credit for new members
- Purchase rate
- 12.99%
- Foreign transaction fee
- 2.5%
Low-rate rewards card earning 1 point per $1 on everyday purchases with a 12.99% fixed purchase rate.
Earn: base 1 pts · everyday 1 pts
- Annual fee
- $50 ($50 annual fee; $10 additional card)
- Purchase rate
- 12.99% fixed
- Foreign transaction fee
- 2.5%
Low-rate rewards card earning 1 point per $1 on everyday purchases with a 12.99% fixed purchase rate.
Earn: base 1 pts · everyday 1 pts
- Annual fee
- $50 ($50 annual fee; $10 additional card)
- Purchase rate
- 12.99% fixed
- Balance transfers
- 0% for 9 months on balance transfers (terms apply)
- Foreign transaction fee
- 2.5%
Low-rate rewards card earning 1 point per $1 on everyday purchases with a 12.99% fixed purchase rate.
Earn: base 1 pts · everyday 1 pts
- Annual fee
- $50 ($50 annual fee; $10 additional card)
- Purchase rate
- 12.99% fixed
- Foreign transaction fee
- 2.5%
Low-rate Visa with a 13.99% fixed purchase rate and a basic insurance package; no points earned.
- Annual fee
- $20 ($20 annual fee)
- Purchase rate
- 13.99% fixed
- Balance transfers
- 0% for 9 months on balance transfers (terms apply)
- Foreign transaction fee
- 2.5%
Low-rate card with a 13.99% rate; no points earning stated.
- Annual fee
- $20 ($20 annual fee)
- Welcome offer
- $100 statement credit for new members
- Purchase rate
- 13.99%
- Foreign transaction fee
- 2.5%
Low-rate Mastercard with a 13.99% fixed purchase rate and a basic insurance package; no points earned.
- Annual fee
- $20 ($20 annual fee)
- Purchase rate
- 13.99% fixed
- Foreign transaction fee
- 2.5%
Low-rate Visa with a 13.99% fixed purchase rate and a basic insurance package; no points earned.
- Annual fee
- $20 ($20 annual fee)
- Purchase rate
- 13.99% fixed
- Balance transfers
- 0% for 9 months on balance transfers (terms apply)
- Foreign transaction fee
- 2.5%
Low-rate Mastercard with a 13.99% fixed purchase rate and a basic insurance package; no points earned.
- Annual fee
- $20 ($20 annual fee)
- Purchase rate
- 13.99% fixed
- Foreign transaction fee
- 2.5%
Low-rate card with 13.99% purchase interest and 15.99% on cash advances; no rewards.
- Annual fee
- $29 (Rebated with BMO Performance chequing; first year waived with offer)
- Welcome offer
- 0% balance transfers for 18 months (3% fee) and first-year annual fee waived
- Purchase rate
- 13.99%
- Balance transfers
- 0% introductory rate on balance transfers for 18 months with 3% transfer fee; first-year $29 fee waived
- Foreign transaction fee
- 2.5%
Low-interest card with no rewards: 13.99% on purchases and cash advances.
- Annual fee
- $29 (First year waived with offer; supplementary cards $0)
- Purchase rate
- 13.99%
- Balance transfers
- 13.99%
- Foreign transaction fee
- 2.5%
Low-interest card with no rewards: 13.99% on purchases and cash advances.
- Annual fee
- $29 (First year waived with offer; supplementary cards $0)
- Purchase rate
- 13.99%
- Balance transfers
- 13.99%
- Foreign transaction fee
- 2.5%
Rates, fees and offers are shown as we read them on each issuer’s own website on the date shown, in Canadian dollars, and can change at any time. Confirm current terms with the issuer before applying. General information, not financial advice. Partner links, where they exist, never change the order. Affiliate disclosure. Card rules and consumer protections: Financial Consumer Agency of Canada.
How these cards are ranked
Rankings are by the numbers only: no issuer can pay to be listed, left out or ranked higher. For rewards cards we estimate net annual value in Canadian dollars: rewards earned on a reference household budget of $30,000 a year ($8,400 groceries, $3,600 dining, $2,400 gas, $3,600 travel, $12,000 everything else) at the earn rate the issuer states for each category, with points valued at the cents-per-point on our Canadian point values page, minus the annual fee. Welcome bonuses are shown separately and not counted. A card whose issuer page does not state an earn rate is not given a value. Every figure was read on the issuer’s own website; see our Canada methodology.
Frequently asked questions
Which is the best low interest credit card in Canada?
By our ranking rule, Syncro Mastercard from National Bank of Canada currently ranks first with a Prime + 4% (minimum 8.90%) purchase rate. The right card depends on your own spending, so check the issuer’s terms before applying.
How do you calculate the ranking?
By the lowest interest rate the issuer states on its own page, then by annual fee. Rates can be higher depending on your credit and province.
Are these cards available in Quebec?
Availability can differ by province. Each card page shows whether the issuer states that it is offered in Quebec; where the issuer does not say, we show “not stated”.
Do I need a minimum income?
Many rewards cards state a minimum personal or household income. Each card shows the figure the issuer states, or “not stated”.
More Canadian card guides
- All cards
- Cash back
- Travel
- No annual fee
- Balance transfer
- Student
- Secured & rebuild
- Business
- No FX fee
- Groceries
- Gas
- Affinity Rewards
- Collabria Flex Rewards
- Aeroplan
- Amex Membership Rewards (Canada)
- BMO Rewards
- CIBC Aventura
- Meridian Rewards
- RBC Avion Rewards
- Scene+
- Vancity Rewards
- Canadian point values
- Cards by issuer
- Cross-border cards & points