3 Excellent Balance Transfer Credit Cards of 2026

Balance transfer credit cards provide valuable breathing room for those managing high-interest payments, featuring promotional 0% APR periods that temporarily pause interest accumulation. Below, you'll find a selection of the best balance transfer cards with competitive introductory offers, reasonable transfer fees, and additional rewards programs that continue delivering value long after the promotional period ends, helping you make progress toward your financial goals.

Best Overall Balance Transfer Credit Card which comes with No annual fee

Our choice for: Balance transfer and interest savings

MBNA True Line® Mastercard®

MBNA True Line® Mastercard®

5.0

Finly Rating

APPLY NOW

on MBNA's website

Welcome Bonus

0% rate on balance transfers for 12 months (3% fee applies). Not available for residents of Quebec.†

Rewards Rate

0%

Annual Fee

$0

Interest Rates

12.99%* / 24.99%*

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Get your free credit score

Our Rating

5/5

Voted the Best Balance Transfer Credit Card by FinlyWealth, the MBNA True Line offers a 0 percent introductory balance transfer rate, a feature that very few credit cards in Canada provide, along with a very competitive transfer fee. Beyond the promotional period, it continues to stand out with one of the lowest ongoing purchase interest rates in Canada. With no annual fee, this card is an excellent choice for Canadians looking to reduce interest costs.

Awards & Recognition

Best Balance Transfer Credit Card

2026

Pros & Cons

Pros

---

• No annual fee
• Balance transfer intro offer
• Low purchase interest rates
• Credit transfers
• Fraud protection
• Car rental discounts

Cons

---

• Flat transfer fee
• No rewards

Card Details

Rewards

• No rewards earned on purchases.
• Standard Annual Interest Rates of 12.99% on eligible purchases, 17.99% on balance transfers^✪, and 24.99% on cash advances.
• You could get a 0% promotional annual interest rate (“AIR”)^† for 12 months on balance transfers^✪ completed within 90 days of account opening, with a 3% transfer fee. This offer is not available for residents of Quebec.
• Use available credit on your credit card to transfer funds right to your chequing account.
• Around-the-clock fraud protection.

Benefits

Details

• 

  Car Rental Discount

  10% off base rate of Avis Rent A Car and Budget Rent A Car in Canada and US and 5% internationally

Eligibility

• Credit Score

  Good
• Annual Income

  N/A

^*†, ✪, Terms and Conditions apply. This offer is not available for residents of Quebec. Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button. The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank. ®MBNA and other-trademarks are the property of The Toronto-Dominion Bank. Balance transfers will be fulfilled in the order listed and are treated as balance transfers in accordance with your Account Agreement. The total value of balance transfers cannot exceed your authorized credit limit. If the value is greater, MBNA may send a partial payment to the named creditor/designated account. THERE WILL BE A TRANSACTION FEE EQUAL TO 3.00% OF THE DOLLAR AMOUNT OF EACH BALANCE TRANSFER INITIATED WITH THIS APPLICATION. A MINIMUM FEE OF $7.50 WILL APPLY TO EACH BALANCE TRANSFER TRANSACTION. A balance transfer may not be used to pay off or down your account balance or any other balances with us (including our affiliates, which would include any member of the TD Bank Group). Important Notice: Effective September 25, 2025: If the Balance Transfer fee is less than $3.50, we will charge a minimum Balance Transfer fee of $3.50. Check here for full details and current product information.

The MBNA True Line Mastercard stands out in the Canadian market by offering an unmatched 0% promotional interest rate (with an initial transfer fee) on balance transfers for a full 12 months.

Best Overall Balance Transfer Credit Card with low interest

RBC Visa Classic Low Rate Option

RBC Visa Classic Low Rate Option

4.8

Finly Rating

APPLY NOW

on RBC's website

Welcome Bonus

Enjoy a 0.99% introductory interest rate for the first 10 months on balance transfers^ and no annual fee for the first year*. Apply by June 15, 2026.

Rewards Rate

N/A

Annual Fee

$20 $0

Interest Rates

12.99% / 12.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Get your free credit score

Our Rating

4.8/5

A low-interest credit card in case you want to carry a balance every month. This card provides no rewards on purchases, however comes with a relatively lower interest rate compared to many other credit cards, so if you're unable to pay your balance in full every month, this card will save you a lot of money in interest payments.

Awards & Recognition

Best Low Interest Credit Card

2026

Pros & Cons

Pros

---

• Low annual fee
• Lower interest rates
• Low interest welcome bonus
• first-year fee rebate

Cons

---

• No rewards

Card Details

Rewards

• Get a low, fixed annual interest rate of 12.99% on purchases, cash advances including balance transfers.¹ No surprises.
• Your RBC Visa Classic Low Rate Option card includes purchase security and extended warranty insurance coverage⁴.
• Get special partner offers from brands like Petro Canada, Rexall and DoorDash.

Insurance

Coverage

• 

  Purchase Protection

  90 days
• 

  Extended Warranty

  Doubled Up to 1 year

Benefits

Details

• 

  Extra points

  50 Be Well points for every $1 spent on eligible products at Rexall
• 

  Gas Discount

  save 3¢/L on fuel and always earn 20% more Petro-Points at Petro-Canada and 20% more Avion points at Petro-Canada
• 

  Discount

  Get a 6-month complimentary DashPass subscription — a value of almost $60. Plus, enjoy unlimited deliveries when $0 delivery fees on orders of $15 or more when you pay with your eligible RBC credit card.

Eligibility

• Credit Score

  Good
• Annual Income

  N/A

^*Refer to RBC page for up to date offer terms and conditions. The Website may engage in affiliate marketing, which is done by embedding tracking links into The Website. If you click on a link for an affiliate partnership, a cookie will be placed on your browser to track any sales for purposes of commissions. Check here for full details and current product information.

If you want low interest over the long run—beyond just a promotional balance transfer period—this card is an excellent choice. In addition, the annual fee is waived for the first year.

It has a slightly shorter introductory period (two months shorter) compared to the MBNA card, but if you plan to pay off your balance quickly, this is an excellent card to choose.

Best Balance Transfer Credit Card with rewards

Tangerine Money-Back Mastercard

Tangerine Money-Back Mastercard

4.4

Finly Rating

APPLY NOW

on Tangerine's website

Welcome Bonus

10% Cash Back (up to $100 value) + 1.95% balance transfer promo rate for 6 months

Rewards Rate

0.5% - 2%

Cash Back

Annual Fee

$0

Interest Rates

20.95%* / 22.95%*

RECOMMENDED CREDIT SCORE

300

Poor

560⁎

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Get your free credit score

Our Rating

4.4/5

While we think Tangerine isn't the best single credit card to own, it's still a valuable card to have in your arsenal for maximizing your rewards. It offers one of the highest cashback rates for pharmacy and recurring bill payments, areas where your other credit cards might not provide significant rewards. This card only requires a Fair credit score, making it an excellent choice for people who don't have a high credit score yet.

Awards & Recognition

Best Starter Credit Card

2026

Pros & Cons

Pros

---

• Customizable cashback
• Unique categories available
• High recurring transaction optimization
• High pharmacy purchase optimization
• Bonus category available
• No annual fee

Cons

---

• Basic insurance
• Low base earn rate

Card Details

Rewards

• 2% Money-Back Rewards on your choice of two categories from the 13 offered by Tangerine (Grocery, Restaurants, Gas, Entertainment, Furniture, Hotel-Motel, Drug Store, Reccurring Bill Payments, Home Improvement, Public Transportation and Parking and more). Change them up every 90 days to match your spending habits.
• Have your Money-Back Rewards deposited into a Tangerine Savings Account and get a third 2% Money-Back Category.
• 0.5% cashback on all other credit card purchases.

Insurance

Coverage

• 

  Purchase Protection

  90 days
• 

  Extended Warranty

  Up to a year

Eligibility

• Credit Score

  Fair
• Annual Income

  $12,000 personal

^*Tangerine is not responsible for maintaining accuracy of content on this site. Please refer to Tangerine's site for the latest product details. Check here for full details and current product information.

If you are looking for a card that earns you rewards on your purchases and also has a balance transfer bonus, the card above is what you are looking for. You will receive a 1.95% introductory rate for the first 6 months while paying no annual fees. The transfer fee is 1%, one of the lowest for balance transfers in Canada. This low transfer fee, good promotional period, and rewards on the credit card make it the best option if you are planning to hold a credit card for a long time.