With interest rates still top of mind in 2026, many Canadians are searching for ways to reduce interest costs on existing debt or finance large purchases without paying interest. That's where 0% APR (or low-interest promotional) credit cards come in.
In Canada, true 0% offers are usually introductory promotions, most often for balance transfers, and sometimes for purchases. Used correctly, these cards can save hundreds—or even thousands—of dollars in interest.
Here's how they work and which options Canadians should consider in 2026.
What Is a 0% APR Credit Card in Canada?
A 0% APR credit card offers no interest for a limited time, typically:
6 to 12 months on balance transfers
Move high-interest debt to a 0% card and pay it down interest-free
Occasionally on new purchases
Finance large purchases without paying interest during the promo period
Important to Know:
After the promotional period ends, the card switches to its regular interest rate. Most balance transfer offers also include a one-time transfer fee, usually between 1% and 3%.
These cards are best used as short-term tools, not long-term borrowing solutions.
Best 0% APR & Low-Interest Credit Cards in Canada (2026)
💳 MBNA True Line® Mastercard®
Most Popular Balance Transfer Card
One of the most popular balance transfer cards in Canada.
This card is frequently chosen by Canadians looking to move high-interest balances off other cards.
💳 CIBC Select Visa*
Flexible Balance Transfer Option
A strong option for those who want flexibility.
It's often used by Canadians managing multiple balances across different cards.
💳 Scotiabank Value® Visa*
Simple & Straightforward
A practical choice for cost-conscious borrowers.
This card appeals to people who want straightforward debt management without rewards complexity.
💳 TD Low Rate Visa*
Long-Term Stability
While not always advertised as "0%," this card is worth mentioning.
It's commonly paired with a temporary 0% card for long-term stability.
When Does a 0% APR Card Make Sense?
A 0% or low-interest card is ideal if you:
Have High-Interest Debt
Existing credit card debt with 19%+ interest rates
Can Pay Off During Promo
Able to pay off most or all balance in 6-12 months
Want Predictable Payments
Prefer fixed monthly payments without interest surprises
Avoid New Spending
Committed to not adding new charges while repaying
Not Ideal If:
These cards are not ideal if you continue adding new charges or miss payments.
How to Use a 0% APR Card Properly
To get the most value:
Transfer Balances Immediately
Don't wait—start the promotional period as soon as your card is approved
Create a Payoff Plan
Divide the balance by the promo months to set a monthly payment target
Pay On Time, Every Month
Missing even one payment can void your promotional rate
Avoid New Purchases
Unless they're also at 0%, new purchases can complicate your payoff plan
Pay Off Before Promo Ends
Set a calendar reminder 2 months before the promotional period expires
Key Insight
Discipline is what turns these cards into money-saving tools. Without a clear plan and commitment, a 0% APR card can become just another source of debt.
Do 0% APR Cards Affect Your Credit Score?
They can affect your credit in both positive and negative ways.
Positive Effects
Lower utilization once balances are spread out across cards
Improved payment history if paid on time consistently
Potential Downsides
A temporary dip from a hard credit check when applying
Risk of higher utilization if credit limits are maxed out
Used responsibly, most Canadians see net positive results on their credit scores within 3-6 months.
What Canadian Regulators Say
Financial Consumer Agency of Canada (FCAC)
The FCAC advises consumers to carefully review balance transfer fees, promotional end dates, and regular interest rates before applying.
This aligns with why planning is essential when using promotional interest cards.
Final Thoughts: Are 0% APR Credit Cards Worth It in 2026?
For many Canadians, yes—when used strategically.
The best 0% APR credit cards in Canada can provide breathing room from interest, accelerate debt repayment, and simplify finances.
The key is treating them as temporary tools, not permanent solutions. If you have a clear payoff plan and the discipline to follow it, a 0% APR card can be one of the smartest financial moves you make in 2026.
Bottom Line:
With the right card, a solid plan, and consistent execution, you can save hundreds or thousands of dollars in interest charges—money that can go toward building your financial future instead.
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Credit Card Pathway Team
Our team of Canadian credit experts specializes in helping Canadians navigate balance transfers, debt consolidation, and strategic credit card usage. We analyze promotional offers, regulatory changes, and real-world debt repayment strategies to provide actionable advice for Canadian consumers.