Please note that all these balance transfer offers are out of date. You can find current offers here.
MBNA Mastercards have long been the kings of balance transfers.
But it’s been a slow decline for them in this department over the last year or so.
And now, their last balance transfer promotional offer has disappeared with an update to the Harley-Davidson Mastercard.
Thankfully, you have tons of other attractive balance transfer promos available. Let’s take a look at what’s left.
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Summary of the top balance transfer offers in Canada
First, here is a summary of the top balance transfer offers in Canada right now.
| Credit Card | Balance Transfer Offer | Rewards | Annual Fee, Income Requirements | Apply Now |
|---|---|---|---|---|
| BMO CashBack Mastercard | 1.99% for 9 months (terms) | Up to 3% cash back | * $0 * $15,000 personal income requirement |
Apply Now |
| BMO Air Miles Mastercard | 1.99% for 9 months (terms) | Up to 3 miles per $25 spent | * $0 * $15,000 personal income requirement |
Apply Now |
| BMO Preferred Rate Mastercard | 3.99% for 9 months (terms) | None | * $20, first year free * $15,000 personal income requirement |
Apply Now |
| Scotiabank Value Visa | 0.99% for 6 months (terms) | None | * $29 * $12,000 personal income requirement |
Apply Now |
Here’s the quick overview of what each credit card has to offer.
1. BMO no fee Mastercards
When it comes to balance transfers, it’s BMO’s world now. They have multiple options to consider.
All 3 of their no fee Mastercards offer a balance transfer promotion of 1.99% for 9 months, with a low 1% balance transfer fee.
These credit cards are:
Which card you want depends on what type of rewards you’re looking for once your balance promotion is over (reminder – one rule of balance transfers is to never use your credit card for new purchases until your balance is paid off).
If you want to earn cash back, the
For Air Miles, the
Which one is the right choice is up to you.
GC: $20
$20 GeniusCash + Up to 5% cash back + No annual fee.*
GC: $20
2. BMO Preferred Rate Mastercard
For a credit card that will keep the low interest rates going after your balance transfer offer is over, the
You’ll get a balance transfer promotional rate of 3.99% for 9 months, with a 1% transfer fee.
And after your balance transfer has ended, you’ll still enjoy a low permanent rate of 12.99% on your balance transfers, as well as purchases and cash advances.
It has an annual fee of $20, currently waived for the first year.
3. Scotiabank Value Visa
Our last top balance transfer option belongs to Scotiabank with the
You’ll enjoy a balance transfer promotion of 0.99% for 6 months, with no transfer fee.
Afterwards, you’ll get low permanent rates of 12.99% on purchases, balance transfers, and cash advances.
This card has an annual fee of $29.
Calculate your interest savings
Want an easy way to see how much you could save on credit card interest? Our calculator is here to help.
Simply enter in the variables, and we’ll give you an idea of how much you could save with a balance transfer.
Credit Card Interest Calculator
Your turn
It’s never fun when offers come to an end, but fortunately for balance transfers there are still some good options out there beyond what MBNA Mastercards have offered.
What are your thoughts on these balance transfers?
Let us know in the comments below.
creditcardGenius is the only tool that compares 126+ features of 229 Canadian credit cards using math-based ratings and rankings that respond to your needs, instantly. Take our quiz and see which of Canada's 229 cards is for you.
GC: 
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