Best Low Interest Credit Cards in Canada
The best low interest 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..
Low interest credit cards feature reduced interest rates on purchases and cash advances, making them ideal for those who carry a balance from month to month. While they typically don't offer robust rewards programs, the interest savings can be substantial for balance carriers.
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 low interest cards?
Low-interest cards are listed by purchase APR, lowest first. Cards with no listed rate sort last. Overall score is the tie-breaker.
Frequently asked questions
How We Rank
Low-interest cards are listed by purchase APR, lowest first. Cards with no listed rate sort last. Overall score is the tie-breaker.
Read our full methodology →