Best Balance Transfer Credit Cards in Canada
The best balance transfer credit card in Canada on this site is the RBC Visa Classic Low Rate Option because it has a $20 annual fee and Low 12.99% fixed interest rate card ideal for those who carry a balance or need to consolidate debt..
Balance transfer credit cards offer promotional low or 0% interest rates on transferred balances, helping you pay off existing credit card debt faster. These cards can save significant money on interest charges if used strategically.
Last updated October 9, 2026Source: RBC Visa Classic Low Rate Option issuer page
Key facts
- Annual fee
- $20
- Purchase interest rate
- 12.99%
- Cash advance rate
- 14.99%
- Earn rates
- No rewards earn rate listed.
- Welcome offer
- 0.99% intro balance transfer rate for first 10 months (with $5 BT fee), plus no annual fee for first year ($20 value)
- Foreign transaction fee
- 2.5%
- Income requirement
- Not listed
How do we rank balance transfer cards?
Balance transfer cards are listed by overall score, highest first. The score is the same formula used on every card page — it is not reweighted for balance transfers, and promotional transfer rates are not a separate scoring input.
Frequently asked questions
How We Rank
Balance transfer cards are listed by overall score, highest first. The score is the same formula used on every card page — it is not reweighted for balance transfers, and promotional transfer rates are not a separate scoring input.
Read our full methodology →