- No rewards breakdown available
You could get a 0% promotional annual interest rate (“AIR”) for 12 months on balance transfers completed within 90 days of account opening.
The MBNA True Line Mastercard is designed as a low-interest card and does not offer any standard rewards points or cash back on purchases.
12.99%
24.99%
The MBNA True Line Mastercard stands out as a top choice for those seeking to minimize interest payments, offering a competitive low interest rate and no annual fee.
Pros:
- No annual fee
- Low interest rate
Cons:
- No rewards program
- Limited benefits
- No rewards breakdown available
N/A
The MBNA True Line Gold Mastercard may offer different benefits, including potential travel/rental insurance, but generally still does not offer traditional, ongoing rewards points.
10.99%
24.99%
What sets the MBNA True Line Gold Mastercard apart is its low purchase interest rate, making it an excellent option for those who may carry a balance.
Pros:
- Lowest interest rate among MBNA cards
- Includes potential insurance benefits
Cons:
- Annual fee applies
- Limited rewards
3.CIBC Select Visa Card
CIBC
- No rewards breakdown available
Transfer your credit card balance of $100 or more — get 0% interest for up to 10 months with a 1% transfer fee and a first year annual fee rebate.
N/A
13.99%
13.99%
The standout feature here is the 0% introductory interest rate on balance transfers, making it a strategic choice for those looking to manage existing debt.
Pros:
- 0% introductory balance transfer rate
- First year annual fee rebate
Cons:
- Annual fee applies
- Standard interest rates apply after promotional period
4.Scotiabank Value Visa Card
Scotiabank
- No rewards breakdown available
Get a 0.99% promotional interest rate on balance transfers for your first 9 months with a 2% balance transfer fee.
The Scotiabank Value Visa Card is primarily designed for low-interest financing and debt consolidation, focusing on saving money through lower interest.
13.99%
13.99%
This card shines for its low interest rate, making it an ideal choice for individuals looking to pay down higher-interest debt.
Pros:
- Low interest rate
- 0.99% introductory balance transfer rate
Cons:
- Annual fee applies
- No rewards program
5.Scotiabank Momentum No-Fee Visa Card
Scotiabank
- 5%Cash back on all purchases for the first 3 months
- 1%Cash back on groceries, gas, and recurring bills
- 0.5%Cash back on all other purchases
Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).
1% cash back on groceries, gas, and recurring bills, and 0.5% on everything else.
19.99%
22.99%
A key differentiator is the 5% cash back on all purchases for the first 3 months, making it a great option for new cardholders looking to maximize rewards.
Pros:
- No annual fee
- High cash back rate for the first 3 months
Cons:
- Higher interest rates
- Limited cash back on other purchases
- No rewards breakdown available
Get a 0% introductory interest rate on Balance Transfers for 9 months with a 0.99% transfer fee.
The BMO Preferred Rate Mastercard is primarily designed as a low-interest, low-fee card for reducing debt rather than a rewards-focused card.
13.99%
15.99%
The BMO Preferred Rate Mastercard is the best option for those focused on managing debt with its low interest rates and promotional balance transfer offer.
Pros:
- Low interest rate
- 0.99% introductory balance transfer rate
Cons:
- Annual fee applies
- Limited rewards
- 3xMiles at participating AIR MILES partners
- 2xMiles on groceries, wholesale, and liquor stores
- 1Miles for every $25 spent
Get up to 1,600 bonus AIR MILES after spending $1,500 in the first 110 days.
Earn 1 AIR MILES for every $25 spent, 3x the miles at partners, and 2x miles on groceries.
20.99%-21.99%
23.99%
The standout feature of the BMO Air Miles Mastercard is its ability to earn 3x miles at partners, making it a strong contender for those who frequently shop at AIR MILES locations.
Pros:
- No annual fee
- Accelerated rewards on everyday spending
Cons:
- Higher interest rates
- Limited rewards compared to premium options
Final Words
As you consider the best balance transfer credit cards this February 2026, remember to evaluate the promotional rates, fees, and terms that align with your financial goals. Take time to compare your options carefully and make informed decisions to maximize your savings and manage your debt effectively.
Frequently Asked Questions
You could get a 0% promotional annual interest rate (“AIR”) for 12 months on balance transfers completed within 90 days of account opening.
The MBNA True Line Mastercard is designed as a low-interest card and does not offer any standard rewards points or cash back on purchases.
The MBNA True Line Gold Mastercard may offer different benefits, including potential travel/rental insurance, but generally still does not offer traditional, ongoing rewards points.
Transfer your credit card balance of $100 or more — get 0% interest for up to 10 months with a 1% transfer fee and a first year annual fee rebate.
When selecting a balance transfer credit card, consider the interest rate on transfers, the duration of the promotional period, any applicable fees, and the annual fee. Make sure the card aligns with your financial goals and spending habits.
Yes, many credit cards charge a balance transfer fee, typically around 1% to 3% of the transferred amount. It's important to review the specific terms and conditions to understand all potential costs.
To apply for a balance transfer credit card, visit the issuer's website or a financial institution's branch, fill out the application form, and provide necessary financial information. Approval often depends on your credit score and income.
Balance transfer credit cards can help you save money on interest payments by offering low or 0% interest for an introductory period. This allows you to pay off debt faster and improve your financial situation.
