My Rate Compass

Best Low Rate Credit Cards in Canada for 2020

 
Welcome Bonus
Annual Fee: $29
Purchases Interest Rate: 12.99%
Cash Advance Interest Rate: 12.99%
Recommended Credit Score
Average to Excellent (670-900)
Why we like it?
  • Save on car rentals
  • Optional insurance coverage
  • Faster checkout
  • Free supplement card
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Why we like it

0.99% introductory interest rate on Cash Advances for the first 6 months 

The Scotia Value Visa is aimed at individuals looking for a good balance transfer credit that offers decent privileges and a lower interest rate beyond the introductory promo period. Although it comes with a minimal fee, customers who cannot pay their balance in full can take advantage of the low post-promotional rate of 12.99%. Plus, if you regularly rent cars from Avis, then you might get the best value out of this card.

 

Why We Like It:

  • Save on car rentals -Save up to 25% when you use the Scotia Value Visa to book your rental cars with AVIS and other budget rental car locations in Canada.
  • Optional insurance coverage - For a small fee, depending on the remaining balance on your credit card, you can receive financial protection from a range of life events such as job loss, disability, critical illness, and loss of life.
  • Faster checkout -The payWave feature helps you save time by allowing you to simply wave the card or use the app on your mobile phone to pay for small purchases.
  • Free supplement card - Get an additional supplementary cardholder at no extra charge.
Credit Card snapshot

Scotiabank Value® Visa* Card review

Great reasons to get this card for your everyday purchases

Save up to hundreds of dollars a year on interest

Pay down higher interest rates balances faster

  • Stay one step ahead of your balance a lower interest rate makes this card an affordable way to finance those medium to large purchases you are making.

Transfer higher rate balances and save even more

  • Switch balances over from higher interest-rate credit cards to the?Scotiabank Value?Visa Credit Card. By consolidating your higher-rate balances, you'll save on interest and make paying bills easier.
Welcome Bonus
Annual Fee: $25
Purchases Interest Rate: 11.9%
Cash Advance Interest Rate: 11.9%
Recommended Credit Score
Average to Excellent (670-900)
Why we like it?
Low Interest Rate
Insurance Coverage 
Price Protection Service
Apply Now Full Review
Why we like it
This card is perfect for any Canadian resident who wants a low-interest rate and coverage. With it, you can gain access to comprehensive travel insurance, price protection, zero liability protection, enhanced security, tap & pay, and worldwide acceptance.

Low Interest Rate :Reduce your interest on purchases, cash advances and balance transfers.

Insurance Coverage: Shop confidently knowing that your eligible purchases are well-protected when you make them using your card.

Price Protection Service: If you find a lower price within 60 days of your purchase the difference will be refunded – up to $500.
Credit Card snapshot

HSBC +Rewards™ Mastercard® review

Special Offer 

Earn 20,000 Points* ($100 travel value) PLUS a full annual fee rebate for the Primary Cardholder for the first year* ($25 value). Must apply by December 28, 2020. Conditions Apply.

  • Spend $2,000 in the first 180 days to earn 20,000 Points*($100 travel value)

  • 1st Year Annual Fee Rebate for the Primary Cardholder for the first year*($25 value)

    *Offer differs for residents of Quebec

HSBC Plus Rewards Program

Earn 2 Points for every $1 on eligible dining or entertainment purchases, earn 1 Point for every $1 on all other everyday purchases*.

Redeem your Points your way – The choice is yours.

  • Travel
  • Gift cards and valuable merchandise
  • Financial rewards