Knock 10% off your credit card balance
Take advantage of introductory interest rates
BMO credit cards: A breakdown of the bank’s best cards 2021
Choose the right credit card option for your lifestyle,...
Are you carrying a balance on your credit card? With most cards sporting interest rates of 19.99% it can feel like you’re never going to pay it off. But you can escape this feeling by taking advantage of low introductory interest rate promotions known as balance transfer offers. Some balance transfer credit cards offer up to six months interest-free, which is enough to help you make a serious dent in your credit card bills.
Just be sure to direct all of these interest rate savings against your bill. Once the introductory period ends, transfer the remaining balance to a line of credit or switch to low-rate credit card.
**Introductory rate offer for balance transfers in the first six months. New cardholders only
Read more:
Two cash-back cards are better than one »
Best cash-back cards »
Best low rate cards »
Best retail rewards cards »
Best student cards »
Best travel rewards cards »
Best business cards »
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
Related Articles
Canada’s best student credit cards for 2021
Build up a good credit history while earning points...
Canada’s best credit cards for people with bad credit 2021
If you want to improve your credit score you’ll...
The best American Express credit cards in Canada 2021
American Express offers many credit cards. But which one...
Canada’s best low interest credit cards 2021
If you carry a balance, consider these low-interest cards.
Canada’s best balance transfer credit cards 2021
These cards offer super low introductory rates for balance...
Canada’s best cash back credit cards 2021
Whether they’re fee or no fee, these cards will...
Canada’s best no fee credit cards 2021
These cards provide perks without an annual fee.
