It is not unusual for a lot of people to have several credit cards. Many of them have different interest rates. This can be a real hassle. For some, the solution is to have just one credit card to deal with. To have this opportunity many credit card companies allow for the transfer of balances from other credit cards to theirs. In addition to this these various cards come with some other important benefits such as;

  • No annual fee
  • Balance transfers
  • Cash Advances
  • Low interest rates
  • Welcome bonus
  • Rewards
  • Cash back
  • Air Miles
  • Options
  • Travel

Below the List of Best Low Balance Transfer Credit Cards in Canada;

  1. MBA Platinum Plus Credit Card (Best Low Balance Transfer Canada Credit Card  for Low Balance interest)
  2. PC Financial MC (Best Low Balance Transfer Canada Credit Card  for Rewards)
  3. Scotia Bank Value Visa (Best Low Balance Transfer Canada Credit Card  for Cash Advances)
  4. American Express Essential Credit Card (Best Low Balance Transfer Canada Credit Card  for  No Annual Fee)
  5. BMO Preferred Rates (Best Low Balance Transfer Canada Credit Card  for Low-Interest Rates)
  6. CIBC Platinum (Best Low Balance Transfer Canada Credit Card  for  Welcome Bonus)
  7. CIBC Dividend Visa (Best Low Balance Transfer Canada Credit Card  for  Cash Back)
  8. CIBC Select Visa (Best Low Balance Transfer Canada Credit Card  for  Options)
  9. CIBC Classic (Best Low Balance Transfer Canada Credit Card  for Travel)
  10. BMO Air Miles (Best Low Balance Transfer Canada Credit Card  for Air Miles)

Best Low Balance Transfer Canada Credit Card  for Low Balance interest

MBNA Platinum Plus Credit Card

MBNA Platinum Plus

Annual FeeNone
Interest rate%19.99%
Balance Transfer%0%/12 months
Cash Advance %24.99%
Credit ScoreGood
RewardsBasic

Out of the several credit cards offering the best balance transfer rate this it is. There is no interest for a twelve month period. Other benefits are;

  • Purchase assurance
  • Some travel benefits i.e. lost luggage assistance
  • Common carrier insurance

Best Low Balance Transfer Canada Credit Card  for Rewards

PC Financial MC

PC financial mastercards

Annual FeeNone
Interest rate%19.97
Balance Transfer%0.97%/6 months
Cash Advance %22.97
Credit ScoreGood
RewardsPoints

For those who like a credit card that offers plenty of points this is a good card to choose. Points that may be available are;

  • In store points 10 for every $1. spent
  • Shoppers Drug Mart 25 points for every $1. spent
  • PC Travel Points 20 per every $1.
  • All other purchases 10 points per dollar

Best Low Balance Transfer Canada Credit Card  for Cash Advances

Scotiabank Value Visa

Scotiabank Value Visa

Annual Fee$29.
Interest rate%19.97$
Balance Transfer%1.99%/6 months
Cash Advance %11.99%
Credit ScoreGood
RewardsDiscounts

Everyone uses their credit cards differently. Some like a card that allows for good cash advance interest rates. For them this card is a good choice. Additional benefits with this card are;

  • Discounts on car rentals
  • Optional protection

Best Low Balance Transfer Canada Credit Card  for  No Annual Fee

American Express Essential Credit Card

American Express Essential Credit Card

Annual FeeNone
Interest rate%8.99%
Balance Transfer%1.99%
Cash Advance %8.99%
Credit ScoreGood
RewardsDiscounts

For those that want a basic credit card that comes with no annual fee and has some additional good benefits this is a good choice of card. Benefits such as;

  • Low interest rates
  • Low cash advance rates

Best Low Balance Transfer Canada Credit Card  for  Low Interest Rates

BMO Preferred Rates

BMO Preferred Rates

Annual Fee$20
Interest rate%11.99
Balance Transfer%2.99%/9 months
Cash Advance %11.99%
Credit ScoreGood
RewardsBasic

This credit card does come with an annual fee but the low interest rates help make up for this the same as the low rates on the cash advances. Then it also has some other good benefits as well;

  • Extended warranty
  • Purchase Protection

Best Low Balance Transfer Canada Credit Card  for  Welcome Bonus

CIBC Platinum

CIBC Platinum

Annual FeeNone
Interest rate%19.99%
Balance Transfer%0/10 months
Cash Advance %22.99%
Credit ScoreGood
RewardsBasic

As their welcome bonus this car is offering an excellent interest rate on their balance transfer. Plus, it doesn’t charge any annual fees. Other benefits include;

  • Road coverage
  • Purchase protection

Best Low Balance Transfer Canada Credit Card  for  Cash Back

CIBC Dividend Visa

CIBC Dividend Visa

Annual FeeNone
Interest rate%19.99%
Balance Transfer%0/10 months
Cash Advance %22.99%
Credit ScoreGood
RewardsBasic

Cash back is a benefit that is important to many credit card holders. This credit card is recognized for this great benefit. Benefits include;

  • 2% cash back on grocery purchases
  • 1% cash back on other items
  • Extra protection purchases

Best Low Balance Transfer Canada Credit Card  for Options

CIBC Select Visa

CIBC Select Visa

 

Annual FeeNone
Interest rate%19.99
Balance Transfer%0/10 months
Cash Advance %22.99
Credit ScoreGood
RewardsBasic

There are some who like credit cards with options to buy additional benefits if they wish to do so. This credit card will allow for that. There is a chance to buy optional insurance. Other perks are;

  • Standard insurance
  • Passenger Protection

Best Low Balance Transfer Canada Credit Card  for Travel

CIBC Classic

CIBC Classic

Annual FeeNone
Interest rate%19.99%
Balance Transfer%0%/10 months
Cash Advance %22.99%
Credit ScoreGood
RewardsBasic

Many credit card holders make good use of their credit cards when they are traveling. In these cases, they want a credit card that offers a lot of benefits. This card is a good choice for this. Some benefits offered are;

  • Extra Purchase protection
  • Passenger Protection

Best Low Balance Transfer Canada Credit Card  for Air Miles

BMO Air Miles

BMO Air Miles

Annual FeeNone
Interest rate%19.99%
Balance Transfer%1.99%/9 months
Cash Advance %22.99%
Credit ScoreGood
RewardsBasic

There are some people that really are intent on having credit cards that offer good air miles. For them, this one will be a good choice. Some of its offerings are;

  • 2x air miles for every $20 spent with partners
  • 500 air miles as a bonus
  • Purchase protection
  • Extended warranty

Resources

https://apply.mbna.ca/applicationform/generateApplicationForm.htm
https://www.pcfinancial.ca/m/english/credit-card/pc-mastercard/
http://www.scotiabank.com/ca/en/personal/credit-cards/visa/value-card.html
https://www.americanexpress.com/ca/en/credit-cards/essential-credit-card/
https://www.bmo.com/main/personal/credit-cards/preferred-rate-mastercard/
https://www.cibc.com/en/personal-banking/credit-cards/all-credit-cards/platinum-visa-card.html
https://www.cibc.com/en/personal-banking/credit-cards/all-credit-cards/dividend-visa-card.html
https://www.cibc.com/en/personal-banking/credit-cards/all-credit-cards/select-visa-card.html