Sign-up bonuses and rewards are only good if you get a credit card that matches your needs and spending patterns. This list of cards, compiled by our experts, breaks down the best Canadian credit cards of 2023.
Best Balance Transfer Card
MBNA True Line® Mastercard® credit card
You could get a 0% promotional annual interest rate (“AIR”)† for 12 months on balance transfers✪ completed within 90 days of account opening
Purchase APR: 12.99%
Balance Transfer APR: 0% for 12 months
Cash Advance APR: 24.99%
†, ✪, Terms and Conditions apply.
This offer is not available for residents of Quebec. For residents of Quebec, please click here.
Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button.
The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank. ®MBNA and other-trademarks are the property of The Toronto-Dominion Bank.
Transferring a balance from a high rate card to a low rate card can save hundreds (or thousands) of dollars in interest payments. And you can’t beat a 0% interest rate. That’s why our top pick for best balance transfer card goes to the MBNA True Line® Mastercard®. This card works well if you are serious about paying down debt. However, if you are simply looking to make minimum payments on your transferred balance there may be better options. The go-to interest rate is pretty good compared with other cards, but you will want to pay down as much as possible within the intro period for the best results.