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Program · Federal

Balance transfer credit card

Low or 0% promotional rate on transferred balances, typically 6–12 months. Good for small, definitely payable-in-the-promo balances.

Reviewed by Ben Stevenson, Managing Editor, Canadian Money Help Updated April 21, 2026 Methodology

Eligibility

  • Credit score usually 650+
  • Limit on new card large enough to cover transferred balance
  • Ability to fully pay the transferred amount within the promo window

Limits and rules

  • Transfer fees 1–3% of transferred amount
  • Post-promo rate typically 19–22%
  • Missing a payment often voids the promo rate retroactively

Source

FCAC: Balance transfers →