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Balance Transfer

Best Balance Transfer credit cards in Canada

Balance transfer credit cards in Canada let you move a balance from another card, usually at a promotional rate for a set period.

*a card is filed here when the issuer names it as a balance-transfer product, or offers a 0% introductory rate on balance transfers for a stated period — quoted from the issuer's own page in a sentence about this card, as reported by the issuer in a CFPB survey period that ended within the last seven months (US), or as published in the bank's Consumer Data Right product data (Australia). Only a card filed on a quoted line or a regulator's record is re-read: we keep that quote and its source on the card's record and re-read the source every week. When the line is gone, a card filed on it leaves this list; a source we cannot re-read stops counting after 60 days (a CFPB survey, 14 months after the period it reports). A card filed by its name stays while its name says balance transfer. Promotional rates, periods and transfer fees change often, so confirm them on the issuer's page.

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Balance Transfer cards filed
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The ledger

All Balance Transfer cards in Canada

4 cards
MBNA Canada№ 1

MBNA True Line® Mastercard®

Welcome offer: You could get a 0% promotional annual interest rate (“AIR”)† for 12 months on balance transfers✪ completed within 90 days of account opening.

Balance TransferLow Interest
Annual feeC$0per year
Top earn rateNot confirmed
Scotiabank№ 3

Scotiabank Value® Visa* Card

Visa card issued by Scotiabank.

Balance TransferLow Interest
Annual feeC$29per year
Top earn rateNot confirmed
Questions

Frequently asked

What is the best balance transfer credit card in Canada?

The best balance transfer card in Canada depends on your spending and goals. We list every balance transfer card we hold — 4 in total — with the issuer's published fees, networks, and welcome offers, so you can compare on the facts rather than the marketing.

How do I choose a balance transfer credit card?

Compare the annual fee against the value you will actually use, check the network and any welcome offer, and weigh it against your top spending categories. Open any card below for the full breakdown, or use the Compare tool to line up two or three side by side.

Can I combine a balance transfer card with other cards?

Yes. Many people pair a balance transfer card with a complementary card so each handles the categories it earns most on. Holding cards from different issuers is common and can raise your overall rewards.

How do I know these balance transfer card details are current?

Each card's review page marks every figure it prints: “Checked” with the month (and a link to the published document where we hold its address), or “Not yet checked” with the issuer where no check is on record — and a card with any unchecked figure says so at the top. A figure the issuer's pages we checked do not state, or that sits behind a site that blocks automated reading, is left blank and marked “Not published by the issuer where we checked” or “Issuer restricts access — check their site”. The date beside “Annual fee checked” covers the annual fee only. Terms change without notice, so confirm the current fee and offer on the issuer's own page before you apply.