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What Are the Top 10 0% Interest Credit Cards Available in Canada?

Emma MarroneVerified
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Summary：Looking for 0% interest credit cards in Canada? Check out our top 10 picks, featuring rewards and low fees. Use credit cards responsibly to avoid debt and financial strain.

Credit cards are a staple in modern society, with many individuals relying on them for everyday expenses. However, high-interest rates can quickly add up, leading to financial strain. Luckily, there are several credit cards available in Canada that offer 0% interest rates. In this article, we will explore the top 10 0% interest credit cards available in Canada and provide some tips forusing credit cards responsibly.

1. MBNA True Line Gold Mastercard

The MBNA True Line Gold Mastercard is a popular choice for individuals looking for a 0% interest credit card. With no annual fee and a 0% interest rate for the first 6 months, this card is a great option for those looking to save money. Additionally, cardholders can earnrewardspoints on purchases, which can be redeemed for travel, merchandise, or cashback.

2. Tangerine Money-Back Credit Card

The Tangerine Money-Back Credit Card is another excellent choice for individuals looking for a 0% interest credit card. With no annual fee and a 0% interest rate for the first 12 months on balance transfers, this card is great for consolidating debt. Cardholders can earn up to 2% cashback on purchases in select categories, including groceries, gas, and recurring bills.

3. SimplyCash Card from American Express

The SimplyCash Card from American Express is a great option for individuals looking for a 0% interest credit card with rewards. With no annual fee and a 0% interest rate for the first 6 months, cardholders can earn up to 2.5% cashback on purchases. Additionally, cardholders can take advantage of exclusive Amex offers and perks, such as travel insurance and purchase protection.

4. CIBC Dividend Platinum Visa Card

The CIBC Dividend Platinum Visa Card is a popular choice for individuals looking for a 0% interest credit card with rewards. With no annual fee and a 0% interest rate for the first 10 months on balance transfers, cardholders can earn up to 4% cashback on purchases in select categories, including gas and groceries.

5. BMO CashBack Mastercard

The BMO CashBack Mastercard is a great option for individuals looking for a 0% interest credit card with rewards. With no annual fee and a 0% interest rate for the first 6 months, cardholders can earn up to 5% cashback on purchases in select categories, including gas, groceries, and drugstore purchases.

6. TD Cash Back Visa Infinite Card

The TD Cash Back Visa Infinite Card is a popular choice for individuals looking for a 0% interest credit card with rewards. With an annual fee of $120, this card offers a 0% interest rate for the first 6 months and up to 3% cashback on purchases. Additionally, cardholders can take advantage of exclusive TD offers and perks, such as travel insurance and concierge services.

7. Scotiabank Value Visa Card

The Scotiabank Value Visa Card is a great option for individuals looking for a 0% interest credit card withlow fees. With an annual fee of $29, this card offers a 0% interest rate for the first 6 months and a low balance transfer fee. Additionally, cardholders can earn rewards points on purchases, which can be redeemed for travel, merchandise, or cashback.

8. CIBC Select Visa Card

The CIBC Select Visa Card is a popular choice for individuals looking for a 0% interest credit card with low fees. With no annual fee and a 0% interest rate for the first 10 months on balance transfers, this card offers a low balance transfer fee and rewards points on purchases.

9. RBC Cash Back Mastercard

The RBC Cash Back Mastercard is a great option for individuals looking for a 0% interest credit card with rewards. With no annual fee and a 0% interest rate for the first 6 months, cardholders can earn up to 2% cashback on purchases.

10. HSBC Advance Mastercard

The HSBC Advance Mastercard is a popular choice for individuals looking for a 0% interest credit card with rewards. With no annual fee and a 0% interest rate for the first 10 months on balance transfers, this card offers rewards points on purchases, which can be redeemed for travel, merchandise, or cashback.

Tips for Using Credit Cards Responsibly

While credit cards can be a valuable financial tool, it's important to use them responsibly to avoid debt and financial strain. Here are some tips for using credit cards responsibly:

1. Pay your balance in full each month to avoid interest charges.

2. Set a budget and stick to it to avoid overspending.

3. Avoid taking cash advances, as they often come with high fees and interest rates.

4. Monitor your credit score regularly to ensure it remains in good standing.

5. Be aware of your credit card's fees and charges, such as annual fees and balance transfer fees.

Conclusion

In summary, there are several 0% interest credit cards available in Canada that offer rewards and low fees. By using credit cards responsibly and paying off balances in full each month, individuals can take advantage of these benefits without incurring debt or financial strain.

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0 interest credit cardsCanadarewardslow feesusing credit cards responsibly
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