- 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.
N/A
12.99%
24.99%
The MBNA True Line® Mastercard stands out as the top choice because it offers a combination of no annual fee and a low interest rate on purchases, making it ideal for those who want to minimize costs while managing their credit.
Pros:
- No annual fee
- Low interest rate on purchases
Cons:
- Limited rewards structure
- Cash advance interest rate is high
- No rewards breakdown available
N/A
N/A
10.99%
24.99%
What sets the MBNA True Line® Gold Mastercard apart is its exceptionally low purchase interest rate of 10.99%, making it a strong contender for those looking to save on interest payments while still having the flexibility of a credit card.
Pros:
- Lowest interest rate among MBNA cards
- Good for balance transfers
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% interest on balance transfers for the first 10 months, which provides a significant opportunity for cardholders to manage existing debt without incurring additional interest.
Pros:
- First year annual fee rebate
- 0% interest on balance transfers for 10 months
Cons:
- Annual fee after the first year
- Limited rewards
4.Scotiabank Value Visa
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.
N/A
13.99%
13.99%
This card shines for its low introductory interest rate of 0.99% on balance transfers for the first 9 months, making it an excellent choice for those looking to consolidate debt at a lower cost.
Pros:
- Low interest rate on balance transfers
- No rewards on purchases
Cons:
- Annual fee applies
- Limited benefits
Final Words
As you explore the best 0% APR credit cards available this May 2026 in Canada, remember to prioritize your financial needs and preferences. Take time to compare your options carefully to ensure you make an informed decision that best suits your lifestyle and goals.
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® Gold Mastercard does not offer any rewards. It primarily focuses on providing a low-interest rate and a manageable annual fee.
With the CIBC Select Visa Card, you can transfer your credit card balance of $100 or more and get 0% interest for up to 10 months with a 1% transfer fee and a first year annual fee rebate.
To choose the best 0% APR credit card, consider factors like the length of the promotional period, any balance transfer fees, and whether the card has an annual fee. Assess your spending habits and repayment timeline to find the card that best meets your needs.
Yes, many 0% APR credit cards may have balance transfer fees or annual fees. It's essential to read the terms and conditions to understand all potential costs before applying.
The application process for a 0% APR credit card typically involves filling out an online form with personal and financial information. Once submitted, the issuer will review your creditworthiness and notify you of your approval status.
It depends on the card; some 0% APR credit cards only offer the promotional rate for balance transfers, while others may also provide it for purchases. Always check the specific terms of the card to understand how the APR applies.
