Best for: Overall value
TD Low Rate Visa Credit Card from TD — listed in our catalog.
- Annual Fee
- $25
- Rewards rate
- —
- Welcome Bonus
- —
- 1st Year Value
- —
Pros
- Simple and straightforward
Cons
- No welcome bonus
- Modest reward rates
Ranking · Updated August 2026
Best Low-Interest Credit Cards in Canada
Compare credit cards with low purchase and balance-transfer interest rates. Cut the cost of carrying a balance with the best low-interest cards in Canada.
Best for: First-Year Annual Fee Rebate
The Scotiabank Value® Visa Card offers a first year annual fee rebate (regular fee $29/yr).
First-Year Annual Fee Rebate
- Annual Fee
- $29 $0
- Rewards rate
- —
- Welcome Bonus
- —
- 1st Year Value
- —
Ends Jan 3, 2027
Pros
- First Year Annual Fee Rebate
Cons
- No welcome bonus
- Modest reward rates
- Requires good credit
Best for: First-Year Annual Fee Rebate
The BMO Preferred Rate Mastercard® offers a first year annual fee rebate (regular fee $29/yr).
First-Year Annual Fee Rebate
- Annual Fee
- $29 $0
- Rewards rate
- —
- Welcome Bonus
- —
- 1st Year Value
- —
Pros
- First Year Annual Fee Rebate
Cons
- No welcome bonus
- Modest reward rates
Best for: Cash back
National Bank Syncro™ Mastercard® from Banque Nationale — listed in our catalog.
- Annual Fee
- $35
- Rewards rate
- —
- Welcome Bonus
- —
- 1st Year Value
- —
Pros
- Simple and straightforward
Cons
- No welcome bonus
- Modest reward rates
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