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★ APR SAVINGS SIMULATOR ★ Your balance. Your timeline. Your savings. Type your numbers. See exactly what the rate switch saves you in interest AND months — to the dollar.
INTEREST SAVED $ 2,475
over the life of your payoff plan
AT 19.99% 50 months to clear balance
$3,750 interest paid
→
AT 8.99% 39 months to clear balance
$1,275 interest paid
✓ DEBT-FREE 11 months sooner
★ THE 19.99% TAX · BY BALANCE ★ What 19.99% APR costs vs 8.99% APR Annual interest at standard rates vs low-interest rates. Same balance, different card.
BALANCE
@ 19.99%
@ 8.99%
YOU SAVE
$3,000
$627 /yr
$271 /yr
$356 /yr
$5,000
$1,045 /yr
$452 /yr
$593 /yr
$7,500
$1,567 /yr
$678 /yr
$889 /yr
$10,000
$2,090 /yr
$905 /yr
$1,185 /yr
$15,000
$3,135 /yr
$1,357 /yr
$1,778 /yr
★ 6 LOWEST-APR CARDS · CANADA ★
The cards that don't punish you for carrying MBN MBNA True Line Gold MBNA · $39/yr
LOWEST FIXED APR 8.99% PURCHASE APR
INTRO BT OFFER 0% on BT for 12 mo (3% fee)
8.99% purchase APR 0% BT for 12 mo (3% fee) $39 annual fee Cash advance 24.99% Lowest standard APR in Canada at 8.99%. Cash advance APR 24.99%. No rewards but no fee story-killer either.
Apply → HTR HomeTrust Preferred Visa Home Trust · $0/yr
NO-FEE + NO FX 11.99% PURCHASE APR
INTRO BT OFFER None
11.99% purchase APR $0 annual fee No FX fees (1.5% global) No rewards No annual fee, 11.99% APR, ZERO foreign transaction fees — uniquely strong combo for travellers.
Apply → BMP BMO Performance Mastercard BMO · $59/yr
BIG-BANK · BALANCE TRANSFER 12.99% PURCHASE APR
INTRO BT OFFER 0.99% BT for 9 mo (2% fee)
12.99% APR 0.99% BT for 9 months 2% transfer fee $59 annual fee 12.99% purchase APR + 0.99% balance transfer for 9 months. Big-6 issuer reliability.
Apply → RBC RBC Visa Classic Low Rate RBC · $20/yr
CHEAPEST FEE · BIG BANK 12.99% PURCHASE APR
INTRO BT OFFER 1.9% BT for 10 mo (1% fee)
12.99% APR $20 fee · cheapest Big-6 1.9% BT for 10 mo 1% transfer fee Just $20/yr fee from a Big-6 bank. 12.99% APR · 1.9% balance transfer promo (10 months).
Apply → SCV Scotiabank Value Visa Scotiabank · $29/yr
BALANCE TRANSFER FOCUS 12.99% PURCHASE APR
INTRO BT OFFER 0.99% BT for 10 mo (1% fee)
12.99% purchase APR 0.99% BT for 10 months 1% transfer fee Big-6 backing 12.99% APR + the strongest BT promo from a Big-6 (0.99% for 10 months, 1% fee).
Apply → AMX Amex Essential Credit Card American Express · $25/yr
AMEX OFFERS + LOW RATE 12.99% PURCHASE APR
INTRO BT OFFER None
12.99% APR · low for Amex Amex Offers $25 annual fee No FX surprises 12.99% APR · $25 fee · Amex Offers add 5-10% extras on rotating brands. Lowest-rate Amex.
Apply → YOUR QUESTIONS
Low interest cards · straight answers Who should get a low-interest card? − Anyone carrying a balance more than 30 days. Math: $5,000 at 19.99% costs you $1,045/yr in interest. Same balance at 8.99% costs $452/yr. The annual savings ($593) dwarf any rewards a "regular" card would earn (typically $150-250/yr). If you pay statement in full each month, low-interest is irrelevant — go for rewards. What's the lowest credit card APR in Canada? + Do low-interest cards offer rewards? + How does balance transfer work on a low-interest card? + Is there a credit score impact when applying for low-interest cards? + What if I can't qualify for the lowest APR card? + Should I get a personal loan instead of a low-interest card? + What's the difference between standard, low, and 0% intro APR? +