Low interest cards offer low permanent interest rates (think 14% and under, compared to the average 20%).
Most of these cards have annual fees – ranging from $20 to $395.
But now BMO is here to give you a little break.
BMO Preferred Rate Mastercard now first year free
One of the best low interest cards in Canada is the
The card has an annual fee of $20, but now the first year is free.
What interest rates does this card offer?
No, it’s not the best balance transfer offer available right now. But the transfer fee is only 1% – less than the typical 3% most cards charge.
So for a well-rounded, low interest rate card – this FYF offer is a nice plus.