Top 10 Best Low Interest Credit Cards Canada

For those that are looking for looking for the best Canada low interest credit cards, they may have even greater needs than the low interest rate that they want their card to possess. Some of these requirements may be;

Lowest interest rate
No Annual Fee
Lowest Cash Advances
Low Transfers
Low Credit Score
Low interest rates with Rewards
Low Interest rates with a Welcome bonus
Low Interest rates with Options
Low Interest rates with Flexibility

The following are the top ten best low interest credit cards in Canada that meet all these requirements.

American Express Essential Credit Card (best lowest rate)
Scotiabank Value No Fee Visa Card ( Best no annual fee)
TD Emerald Flex Rate Visa ( Best flexible rates)
Modulo Visa ( Best cash advances)
MBNA Platinum Plus( Best balance transfer)
Desjardins Classic Visa ( Best travel)
Low Rate Guaranteed Mastercard ( Best Poor credit)
CWB Platinum Plus Mastercard ( Best rewards)
BMO Preferred Rate Mastercard ( Best welcome offer)
Scotiabank Value Visa Card( Best options)

Contents

1 Review: Best Low Interest Canada Credit Cards

Review: Best Low Interest Canada Credit Cards

American Express Essential Credit Card

Annual Fee	None
Interest Rate	8.99%
Balance Transfer %	1.00%/6 months
Cash Advance %	8.99%
Credit Score	Fair-Good
Rewards	Offers

This card is on the top ten list for being able to offer the lowest interest rate along with some other important benefits such as;

Special offers
Advanced and reserved tickets
Excellent shopping coverage
Insurance coverage options
Fraud protection guarantee

Scotiabank Value No Fee Visa Card

Annual Fee	None
Interest Rate	16.99%
Balance Transfer %	3.99%/6 months
Cash Advance %	16.99%
Credit Score	Good
Rewards	Offers

Aside from having a low interest rate another way to save on a credit card is by not having to pay an annual fee. This card allows for that and also has some other good offerings;

Discounts on car rentals
Optional Insurance protection

TD Emerald Flex Rate Visa

Annual Fee	$25.
Interest Rate	TD Prime + 4.5% up to +12.75%
Balance Transfer %
Cash Advance %	TD Prime + 4.5% up to +12.75%
Credit Score	Good
Rewards	Discounts

This card stands to offer the best flexible interest rates as it is based on prime plus a percentage. If an individual can qualify for the lowest plus percentage then they are going to have a good card for the best interest rates. For example, TD price rate is currently 3.45 %. Add this to 4.5% and one may be able to get their cash advances for 7.95%. This card is most suitable for those who have a good credit rating and can continue to rely on low rates. It also has some other perks as well.

Emergency cash advance up to $500
Discounts on rental cars
Visa Zero Liability
Visa Verification
Fraud alerts

Modulo Visa

Annual Fee	$50.
Interest Rate	10.9%
Balance Transfer %	10.9%
Cash Advance %	10.9%
Credit Score	Good
Rewards	Bonus Awards

This credit card deserves to be on the top ten list for its low interest on cash advances, but also for several of the other advantages that it has to offer such as;

Discounts
Purchase protection
Bonus dollars rewards programs
Mobile device insurance
Partner offers

MBNA Platinum Plus

Annual Fee	None
Interest Rate	19.99%
Balance Transfer %	0/first year
Cash Advance %	24.99%
Credit Score	Good
Rewards	Awards

The interest rate itself in not considered to fall into the low interest credit card range. But the fact that you can pay zero interest on your other credit card balance transfer is what makes this card qualify for low interest. It also has some additional benefits such as;

Rental car coverage
Travel Protection
Emergency cash transfer

Desjardins Classic Visa

Annual Fee	$30.
Interest Rate	12.9%
Balance Transfer %	12.9%
Cash Advance %	12.9%
Credit Score	Good
Rewards	Awards

Along with the reasonable low interest rates this card has been added to the top ten list for its travel benefits. It offers travel insurance for the first three days of trips taken. A lot of the low interest credit cards don’t offer travel perks like this. This card is also affiliated with Westjet. Additional perks are;

Zero fraud liability
Hertz discounts

Capital One Low Rate Guaranteed Mastercard

Annual Fee	$79.
Interest Rate	14.9%
Balance Transfer %	14.9%
Cash Advance %	19.8%
Credit Score	Poor
Rewards	Basic

You may have to provide security funds to obtain this card. This card is designed for those that have poor credit. It will depend on your credit rating as to whether you need to secure the card. The reason it has made the top ten list is because it has a low interest rate compared to standard cards. This allows for extra savings. The extras that come with this card are,

Basic Mastercard benefits
Zero liability

CWB Platinum Plus Mastercard

Annual Fee	None
Interest Rate	9.9%
Balance Transfer %	9.9%
Cash Advance %	24.99
Credit Score	Excellent
Rewards	Points

It is difficult to find a low interest rate credit card that is also going to give some good rewards, but this one qualifies for this. So it has earned its place in our top ten list for best low interest rate Canada credit cards. Some of the advantages to this credit card are;

One point MBNA reward us earned for every $1. spent on eligible purchases
After first eligible purchase, 1,000 bonus points are earned
Rental vehicle insurance
Purchase assurance
Extended warranty
Travel services

BMO Preferred Rate Mastercard

Annual Fee	$20.
Interest Rate	11.9%
Balance Transfer %	3.99%/10 months
Cash Advance %	11.9%
Credit Score	Good
Rewards	Awards

Different credit cards have different welcome bonuses. The one that this card has that has made it stand out is its welcome offer by offering a low balance transfer. This along with the low interest rates make it a card worth having. Some of its other benefits are;

Free Extended warranty
Purchase protection
Zero dollar liability

Scotiabank Value Visa Card

Annual Fee	$29.
Interest Rate	11.99%
Balance Transfer %	0.99%
Cash Advance %	0.99%
Credit Score	Good
Rewards	Discounts

This credit card has a lot going for it. It can also fit into the category for the best balance transfer and cash advance interest rates. But, for this list it has been included for some of the options it offers such as the credit card protection. This can be purchased at a low premium rate and can give a variety of different types of insurance coverage. The card is valuable for the choices it offers. Other benefits include;