If you transfer right now, you can get 1.95% on all transfers up to your available credit limit for your first 6 months, and the transfer fee is only 1%. After that, the purchase interest for this credit card is 19.95%. For cash advances, the interest rate is 20.95%, and there\u2019s a $3.50 fee.<\/p>\r\n\r\n\r\n\r\n
There are also some other cool perks included with this card. The first is the Purchase Assurance and Extended Warranty. With this you can get a lifetime maximum of up to $60,000. You can also add up to 5 authorized users on your account, track and catergorize your spending, and even receive important account alerts referred to as orange alerts.\u00a0<\/p>\r\n\r\n\r\n\r\n
Scotiabank Value Visa Card<\/h3>\r\n\r\n\r\n\r\n
Not only is the Scotiabank Value Visa Card a great option for a balance transfer credit card, but it\u2019s also an ultra low-interest rate credit card. Currently, there\u2019s an 0.99% introductory interest rate for balance transfer amounts in the first 9 months, with a rate of 13.99% after that. The annual fee is $29, but it\u2019s waived for the first year. The minimum credit limit is $500.<\/p>\r\n\r\n\r\n\r\n
Since this is a balance transfer credit card that is meant to save money on interest it doesn\u2019t have as many perks as rewards credit cards. That said, with this card you are able to save up to 25% at participating Budget car rental locations in the US and Canada. You can also chooseto purchase Scotia Credit Card Protection. You can choose from Basic Protection and Comprehensive Coverage.\u00a0<\/p>\r\n\r\n\r\n\r\n
With the Basic Protection, you get the Life Benefit, Critical Illness Benefit and Hospitalization Benefit. With the Comprehensive Coverage you get the Life Benefit, Critical Illness Benefit, Hospitalization Benefit, Disability Benefit, Job Loss Benefit, and the Strike or Lockout Benefit.\u00a0<\/p>\r\n\r\n\r\n\r\n
MBNA True Line Mastercard<\/h3>\r\n\r\n\r\n\r\n
MBNA True Line Mastercard<\/a> also has one of the best balance transfer offers for balance transfer customers. For 12 months, you can get 0% interest on balance transfers. This card’s purchase interest rate is 12.99%, and the regular balance transfer rate is 17.99%. Cash advance interest rates are 24.99%.<\/p>\r\n\r\n\r\n\r\n The benefits included with this MBNA credit card are Mastercard Zero Liability Protection and savings with Avis and Budget Rent-A-Car. You can also get up to 9 authorized users with no annual fee and save money with the MBNA payment plan.\u00a0<\/p>\r\n\r\n\r\n\r\n The Scotia Momentum No-Fee Visa Card<\/a> is another Scotiabank credit card that offers a promotional rate on balance transfer cards. You can get 0% interest on balance transfers for the first 6 months as well as 5% cash back on all purchases (up to $2000) for the first 3 months. After that, the interest rate is 22.99%. The minimum credit limit is $500, and there\u2019s no annual fee.\u00a0<\/p>\r\n\r\n\r\n\r\n Included with this card is the Scotiabank Credit Card Protection Plan. If you opt-in for this insurance, it can pay off your balance or make your credit card payments in the event you\u2019re unable to make them. You can also save up to 25% on car rentals with Avis.\u00a0<\/p>\r\n\r\n\r\n\r\n Unlike some other balance transfer cards, the Scotia Momentum No-Fee Visa Card is also a cash back card. With this card you can earn 1% back on certain purchases including those at gas stations, grocery stores, and drug stores. You can also earn 1% back on recurring payments. For all other eligible purchases you earn 0.5% back.\u00a0<\/p>\r\n\r\n\r\n\r\n Like some of the other cards we have mentioned, the MBNA True Line Gold Mastercard is a low-rate credit card. The purchase interest rate is 10.99%, cash advances are 24.99%, and balance transfers are 13.99%. There\u2019s also an annual fee of $39.\u00a0<\/p>\r\n\r\n\r\n\r\n Just like some other credit cards, the True Line Gold Mastercard also offers some additional benefits, including:<\/p>\r\n\r\n\r\n\r\n While this balance transfer card doesn\u2019t have a promotional interest rate, it still offers a much lower interest rate on balance transfers than traditional credit cards. Plus, for new purchases the interest rate is even lower.\u00a0<\/p>\r\n\r\n\r\n\r\n With the BMO Preferred Rate Mastercard<\/a>, you can get an interest rate of just 13.99% on all purchases and 15.99% on cash advances. There\u2019s also an annual fee of only $29. However, if you choose to do a balance transfer now, you can get a promotional balance transfer offer of 0.99% for 9 months with a 2% balance transfer fee. Also, your annual fee for the first year will be waived.\u00a0<\/p>\r\n\r\n\r\n\r\n With this card, you can also get another cardholder for free, 24\/7 emergency support as well as purchase and extended warranty protection. This card also has zero liability protection. For a low fee, you can turn your credit card purchases into low, interest-free monthly payments with BMO SmartPlan.\u00a0<\/p>\r\n\r\n\r\n\r\n Another low-rate credit card that offers a great rate on balance transfers is the CIBC Select Visa Card<\/a>. With this card, there\u2019s an annual fee of $29, and the interest rate is 13.99%. When you get a balance transfer, though, you can get 0% interest for up to 10 months with a 1% transfer fee. You can also get an annual rebate on your first year’s annual fee.\u00a0<\/p>\r\n\r\n\r\n\r\n With this card, you can transfer up to 50% of your credit limit with the balance transfer offer. During the 10-month period, any new purchases won\u2019t qualify for the grace period and will be subject to the 13.99% interest.\u00a0<\/p>\r\n\r\n\r\n\r\n Some other perks included with this card are:<\/p>\r\n\r\n\r\n\r\n BMO offers the BMO Cashback Mastercard<\/a>. With this card, you can get a 0.99% introductory balance transfer offer on balance transfers for 9 months with a 2% transfer fee. Plus, there\u2019s no annual fee on this card. The regular rates are 20.99% on purchases and 22.99% on cash advances.\u00a0<\/p>\r\n\r\n\r\n\r\n In terms of rewards, you can get 3% cashback on all grocery purchases. When you register for recurring bill payments, you will get 1% back. All other purchases are 0.5% cashback. As for other additional benefits, this card includes:<\/p>\r\n\r\n\r\n\r\n With the Scotia Momentum for Business Visa<\/a>, you can get an introductory interest rate of 2.99% on balance transfers for the first 6 months. After that, the interest rate is 22.99%, and there\u2019s an annual fee of $79. The purchase interest rate on this card is 19.99%, and cash advances are 22.99%. The credit limit ranges from $500 to $150,000.<\/p>\r\n\r\n\r\n\r\n Here are some perks included with this card:<\/p>\r\n\r\n\r\n\r\n Big credit card companies aren\u2019t the only ones who have balance transfer credit credits. They\u2019re also offered by Credit Unions. The Envision Cash Back Mastercard <\/a>is specifically offered by Envision which is a division of First West Credit Union. If you go with the balance transfer promotion for this card, you can get 0% interest for the first 12 months with a one time transfer fee of 3%.This offer is only valid until December 31, 2025.\u00a0<\/p>\r\n\r\n\r\n\r\n Like many other cash back cards, this card has a bunch of benefits. Let\u2019s take a look:<\/p>\r\n\r\n\r\n\r\n Without the balance transfer offer, the interest rate on this credit card is 20.99%<\/p>\r\n\r\n\r\n\r\n If you aren\u2019t looking for a cash back card, but more of a low rate credit card, then the Envision Classic Mastercard<\/a> might be the best option for you. They are currently offering a balance transfer rate of 0% for 12 months with a 3% transfer fee. Once the promotion is over, the interest rate on this card will be 13.99%.\u00a0<\/p>\r\n\r\n\r\n\r\n Some other benefits you can get with this card are:<\/p>\r\n\r\n\r\n\r\n Another BMO credit card this is offering a promotional interest rate is the BMO Air Miles Mastercard. With this credit card you can get a 0.99% introductory interest rate on balance transfers for 9 months. There is also a 2% transfer fee. The regular rate for this card is 21.99% and the cash advance rate is 23.99%. There\u2019s no annual fee.\u00a0<\/p>\r\n\r\n\r\n\r\n Offer benefits included with this card are:<\/p>\r\n\r\n\r\n\r\n While Sunshine Coast Credit Union offers a balance transfer promotion on many of their credit cards, the one that is considered to the the best option is the Visa Classic Card. This is because the rate once the promotion ends is 13.99%. With that in mind, the current promotion is 0% interest for the first 12 months with a 3% transfer fee. The annual fee is $20.\u00a0<\/p>\r\n\r\n\r\n\r\n Some other benefits included with this card are:<\/p>\r\n\r\n\r\n\r\n Another credit union in Canada that\u2019s offering the 0% for 12 months balance transfer offer is 1rst Choice Savings and Credit Union. This card also charges a 3% balance transfer fee. Once the promotion is over, the rate on the card then changes to 20.99%. Other benefits included with this card are:<\/p>\r\n\r\n\r\n\r\n The First Ontario Credit Union, a division of First West Credit Union, is also offering a 0% balance transfer rate on most of their credit cards for 12 months. The transfer fee is 3%. That said, the rate of the Visa Classic Card when the promotion ends is 13.99% and the annual fee is $20.<\/p>\r\n\r\n\r\n\r\n Other benefits included with this card are:<\/p>\r\n\r\n\r\n\r\n <\/p>\r\n\r\n\r\n\r\n <\/p>\r\n\r\n\r\n\r\n While there are no offers for balance transfers with RBC, you can balance transfers to any of their credit cards as long as you qualify. You can transfer your balance by calling RBC. They\u2019ll perform the transfer and assign the appropriate rates to the card. Here are a few of the different credit cards you can get with RBC.\u00a0<\/p>\r\n\r\n\r\n\r\n Even though RBC isn\u2019t currently offering a balance transfer option, that doesn\u2019t mean that you can\u2019t choose one of their cards. However, when managing credit card debt, you still need to keep in mind the rate that will be applied to the existing credit card balance. For this reason, the RBC Visa Classic Low Rate Option is a great choice.\u00a0<\/p>\r\n\r\n\r\n\r\n With this card, there\u2019s a small annual fee of $20 and there\u2019s no fee for any additional cards. The interest rate on both purchases and balance transfers is only 12.99%. With this card you can also get special offers from DoorDash, Petro Canada and Rexall. You also have access to Purchase Security and Extended Warranty Insurance.\u00a0<\/p>\r\n\r\n\r\n\r\n Just like with all other balance transfer, you will still have to pay the balance transfer fee. That said, since there\u2019s no promoritonal period, you don\u2019t have to worry about when the promotional period ends. If you intended to keep a balance though, switching to a low interest rate on balances can save you a lot of money. However, you do have to pay attention to your assigned credit limits as well as your balance transfer limits.\u00a0<\/p>\r\n\r\n\r\n\r\n Unlike RBC, TD does currently offer a promotional balance transfer rate. With their TD Low Rate Visa Card you can get a 0% promotional interest rate. However, in order to get this do you have to qualify for this card so the bank will check your credit history as well as your credit rating. If you already are a client of TD and have a chequing account, you could also qualify, as long as you don\u2019t have one of their credit cards.\u00a0<\/p>\r\n\r\n\r\n\r\n Like most balance transfer offers, this promotional rate will only last so long. With this credit card account, this introductory period only lasts 6 months. After that, the credit card lenders rate on this card is 12,90% for both purchases and cash advances. This is also the rate for any remaining balance transfer amounts.\u00a0<\/p>\r\n\r\n\r\n\r\n Some other things to note with this credit card is that there\u2019s no minimum income requirements, the annual fee is $25 and there is no annual fee for any additional cards. You can also earn 50% more stars when you use your card at Starbucks locations. Here are some other benefits as well:<\/p>\r\n\r\n\r\n\r\n Unlike some other credit card issuers, TD also allows you to purchase optional Travel Medical Insurance, Trip Cancellation and Trip Interruption Insurance.\u00a0<\/p>\r\n\r\n\r\n\r\n When it comes to credit cards, TD has plenty of other options. However, these don\u2019t come with the promotional interest rate.\u00a0<\/p>\r\n\r\n\r\n\r\n While balance transfer promotional rates aren\u2019t offered to the public, they are available to those who already have a PC Financial Account. The most notable is the PC Financial World Elite Mastercard offer. With this one, you can transfer your balances to this card with a rate of 0.97% percent for 90 days. After that, the regular interest rate applies.\u00a0<\/p>\r\n\r\n\r\n\r\n Depending on your situation and how you approach a balance transfer, you can either hurt your credit score, improve it, or it can have no effect. This is because credit cards affect your credit score with credit utilization. This is how much of your credit limit is used of your total limit. Let\u2019s take a look at how your credit score and credit report can be affected.\u00a0<\/p>\r\n\r\n\r\n\r\n The simplest way to improve your credit score with a balance transfer is by increasing your credit limit. Say you currently have a credit card with a high balance and a high interest rate. By getting an approval on a balance transfer card with the same limit or higher and lower interest rate, you can benefit greatly.\u00a0<\/p>\r\n\r\n\r\n\r\n You\u2019ll save money on your payments, but you\u2019ll also improve your credit score. This is because your overall credit limit will be much higher by having two credit cards. This reduces your overall credit utilization without making payments, improving your credit score.\u00a0<\/p>\r\n\r\n\r\n\r\n The main way you\u2019ll reduce your credit score with a balance transfer credit card is by reducing your credit limit. If you go from a higher-limit credit card to a lower-limit credit card, it will negatively impact you. In this scenario, it\u2019s best to keep the credit card you paid off and not use it. This will improve your credit score considerably.\u00a0<\/p>\r\n\r\n\r\n\r\n If you switch from one credit card to another with the same limit, then your credit score won\u2019t be impacted at all. In order to improve your credit score, you will need to pay your credit card down to 35% of your total limit. In this scenario, you should save money as long as you switch to a lower-interest credit card.\u00a0<\/p>\r\n\r\n\r\n\r\n The great thing about most of the balance transfer credit cards that we mentioned is that there are no annual income amounts that you need to qualify. Because of this, as long as you have a decent credit score, you should be able to get approved.\u00a0<\/p>\r\n\r\n\r\n\r\n That said, some of these providers can be a bit more particular than others. Usually, the big banks tend to be much more difficult to get approved for. For this reason, the easiest balance transfer credit cards to get are with Tangerine or MBNA. That said, just because you\u2019re approved doesn\u2019t mean that you get the total credit limit that you request.\u00a0<\/p>\r\n\r\n\r\n\r\n If you\u2019re looking to pay off a credit card but don\u2019t want to use a balance transfer credit card or you can\u2019t. There are some alternatives available to you. While these options aren\u2019t ideal for everyone, they can help you get a handle on your existing debt.\u00a0<\/p>\r\n\r\n\r\n\r\n One way to pay off credit cards and other debts while reducing your payments is with a debt consolidation loan<\/a>. These loans have much lower interest rates than high-interest debt from credit cards and allow you to create a structured debt repayment plan. With many of these debt consolidation loans, you can also pay them off early and reduce your overall interest rate.\u00a0<\/p>\r\n\r\n\r\n\r\n One thing you can do to pay off your credit card debt is to come up with a realistic repayment plan yourself. However, because credit card interest rates are high, it\u2019s important to make large payments whenever possible. This reduces your interest rate and pays off your principal amount and interest charges faster.<\/p>\r\n\r\n\r\n\r\nScotia Momentum No-Fee Visa Card<\/h3>\r\n\r\n\r\n\r\n
MBNA True Line Gold Mastercard<\/h3>\r\n\r\n\r\n\r\n
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BMO Preferred Rate Mastercard<\/h3>\r\n\r\n\r\n\r\n
CIBC Select Visa Card<\/h3>\r\n\r\n\r\n\r\n
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BMO Cashback Mastercard<\/h3>\r\n\r\n\r\n\r\n
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Scotia Momentum For Business Visa<\/h3>\r\n\r\n\r\n\r\n
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Envision Cash Back Mastercard<\/h3>\r\n\r\n\r\n\r\n
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Envision Classic Mastercard<\/h3>\r\n\r\n\r\n\r\n
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BMO Air Miles Mastercard<\/h3>\r\n\r\n\r\n\r\n
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Sunshine Coast Credit Union Visa Classic Card<\/h3>\r\n\r\n\r\n\r\n
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1rst Choice Savings and Credit Union Cash Back Mastercard<\/h3>\r\n\r\n\r\n\r\n
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First Ontario Credit Union Visa Classic Card<\/h3>\r\n\r\n\r\n\r\n
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![](\"https:\/\/springfinancial.ca\/wp-content\/uploads\/2026\/03\/BlogBanner.png\")
<\/a><\/p>\r\n\r\n\r\n\r\nRBC Credit Card Balance Transfers<\/h2>\r\n\r\n\r\n\r\n
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\r\n Credit Card<\/strong><\/td>\r\n Purchase Interest<\/td>\r\n Cash Advance Rate<\/td>\r\n Annual Fee<\/td>\r\n<\/tr>\r\n \r\n RBC Avion Visa Infinite<\/strong><\/td>\r\n 20.99%<\/td>\r\n 22.99%<\/td>\r\n $150<\/td>\r\n<\/tr>\r\n \r\n RBC Ion+ Visa<\/strong><\/td>\r\n 20.99%<\/td>\r\n 22.99%<\/td>\r\n $48<\/td>\r\n<\/tr>\r\n \r\n WestJet RBC World Elite Mastercard<\/strong><\/td>\r\n 20.99%<\/td>\r\n 22.99%<\/td>\r\n $119<\/td>\r\n<\/tr>\r\n \r\n RBC Cashback Mastercard<\/strong><\/td>\r\n 20.99%<\/td>\r\n 22.99%<\/td>\r\n $0<\/td>\r\n<\/tr>\r\n \r\n RBC Visa Classic Low Rate Option<\/strong><\/td>\r\n 12.99%<\/td>\r\n 12.99%<\/td>\r\n $20<\/td>\r\n<\/tr>\r\n \r\n RBC Ion Visa<\/strong><\/td>\r\n 20.99%<\/td>\r\n 22.99%<\/td>\r\n $0<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n\r\n\r\n\r\n Best Option for an RBC Balance Transfer<\/h3>\r\n\r\n\r\n\r\n
TD Credit Card Balance Transfers<\/h2>\r\n\r\n\r\n\r\n
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Other TD Credit Card Rates<\/h3>\r\n\r\n\r\n\r\n
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\r\n Credit Card<\/strong><\/td>\r\n Purchase Interest Rate<\/td>\r\n Cash Advance Rate<\/td>\r\n Annual Fee<\/td>\r\n<\/tr>\r\n \r\n TD Rewards Visa Card<\/strong><\/td>\r\n 19.99%<\/td>\r\n 22.99%<\/td>\r\n $0<\/td>\r\n<\/tr>\r\n \r\n TD Cashback Visa Card<\/strong><\/td>\r\n 19.99%<\/td>\r\n 22.99%<\/td>\r\n $0<\/td>\r\n<\/tr>\r\n \r\n TD Cashback Visa Infinite Card<\/strong><\/td>\r\n 20.99%<\/td>\r\n 22.99%<\/td>\r\n $139<\/td>\r\n<\/tr>\r\n \r\n TD Aeroplan Visa Infinite Card<\/strong><\/td>\r\n 20.99%<\/td>\r\n 22.99%<\/td>\r\n $139<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n\r\n\r\n\r\n Does PC Financial Offer Promotional Balance Transfers?<\/h2>\r\n\r\n\r\n\r\n
Balance Transfers and Your Credit Score<\/h2>\r\n\r\n\r\n\r\n
Improving Your Score<\/h3>\r\n\r\n\r\n\r\n
Reducing Your Score<\/h3>\r\n\r\n\r\n\r\n
No Impact<\/h3>\r\n\r\n\r\n\r\n
Easiest Balance Transfer Credit Card to Get<\/h2>\r\n\r\n\r\n\r\n
Alternatives to Balance Transfer Cards<\/h2>\r\n\r\n\r\n\r\n
Debt Consolidation Loan<\/h3>\r\n\r\n\r\n\r\n
Debt Payoff Plan<\/h3>\r\n\r\n\r\n\r\n
Debt Management Plan<\/h3>\r\n\r\n\r\n\r\n