Canada's Best 0 interest Credit Cards of September 2025

There are many balance transfer credit cards in Canada, but those offering a 0% interest rate promo are exceptionally rare, so there aren’t many options to choose from. Luckily, the best 0% interest rate card is also voted the best balance transfer credit card in Canada by FinlyWealth.

From our editors: The full list of Best 0 interest rate Balance Transfer Credit Cards in Canada For 2025

Choice for Best Overall 0% Intro Offer: MBNA True Line Mastercard

Overall, the MBNA True Line Mastercard offers the best 0% introductory offer in Canada, given that it provides a generous 0% promo period—beating almost any other card in terms of interest savings. As a result, this card was also selected as the best overall balance transfer credit card in Canada. There is no annual fee, and the purchase interest rate after the promotional period ends is also very reasonable. To learn more about this card read MBNA True Line Mastercard review.

Choice for Inferior 0% Intro Offer: CIBC Select Visa Card

This card also comes with a 0% interest promotional offer; however, there's a major catch that prevents it from taking the top spot. The offer states that you can 'transfer up to 50% of your assigned credit limit' during the introductory period. Users looking for balance transfer cards typically want to transfer as much as possible, and this 50% cap can be a limitation, especially if their approved credit limit is low. This significant drawback places the card lower in the rankings.

What is a 0% interest credit card?

A 0 percent interest credit card, also known as a zero percent introductory interest card, is a type of credit card that charges no interest for a limited time on certain types of transactions, such as purchases, balance transfers, or both.

These promotional periods typically last anywhere from six to twenty-one months, allowing cardholders to carry a balance without paying interest during that time. Once the promotional period ends, the standard interest rate applies to any remaining balance.

In Canada, true zero percent interest cards are extremely rare, especially for new purchases. While most Canadian credit cards do not offer zero percent purchase promotions, a few balance transfer cards do provide zero percent interest for a set period, often up to twelve months, usually with a small transfer fee. These offers are limited.

What is a 0% Balance Transfer credit card?

A zero percent balance transfer offer allows you to move existing credit card debt from one card to another and pay no interest on the transferred amount for a limited time. This promotional period typically ranges from six to twelve months, giving you a chance to reduce or eliminate your debt faster without additional interest piling up. You can compare how much interest could be saved with a balance transfer using the Credit Card Balance Transfer Calculator tool.

While the transfer itself is interest free during the promo period, most cards charge a one-time balance transfer fee, usually around one to three percent of the transferred amount. In Canada, zero percent balance transfer offers are uncommon but do exist, mostly from a few select issuers. These offers can be especially useful for people carrying high interest credit card balances, as they provide a temporary break from interest charges. However, it is important to pay off the full balance before the promotional period ends, as the standard interest rate will apply to any remaining amount afterward. If you are unfamiliar with how promotional rates differ from regular charges, understanding how credit card interest works in Canada can help you make better decisions when using or switching credit cards. It is also important to pay off the full balance before the promotional period ends, as the standard interest rate will apply to any remaining amount afterward.