Comparisonsmaster
Best 0% Balance Transfer Credit Cards in 2022
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When paired with a credit card that gives cash back, travel rewards, or other benefits or discounts, this may be a tremendous advantage and extra savings.
When paired with a credit card that gives cash back, travel rewards, or other benefits or discounts, this may be a tremendous advantage and extra savings.
Transfer your card balance immediately and save a fortune on interest!
A balance transfer is the process of transferring all or portion of your debt from one or more credit cards to another. Typically, consumers use credit card debt transfers to take advantage of a significantly decreased interest rate. It’s critical to understand that a balance transfer does not eliminate debt; rather, it transfers it to another card. There are several benefits to consolidating high-interest debt.
Great reasons to change my credit card and transfer my balance.
Credit unions and other financial institutions often run balance transfer promotions. If you currently have a large amount on a credit card with a high interest rate, this might be a substantial advantage of balance transfer credit cards. It’s a fantastic strategy for paying off debt faster by lowering the total amount of interest paid.
If you’re feeling burdened by many monthly credit card payments, a credit card balance transfer enables you to combine the balances of multiple credit cards into one. When paired with a credit card that gives cash back, travel rewards, or other benefits or discounts, this may be a tremendous advantage and extra savings.
You’ll find a list of the top balance transfer credit card deals in Canada in 2022 below; start paying less interest and earning cash back today!
Tangerine World Mastercard – World beating savings with this amazing credit card offer!
Tangerine may pass along significant savings to its consumers by foregoing some services traditionally connected with brick-and-mortar banks. The World Mastercard is undoubtedly Tangerine’s most popular credit card, owing to its no-annual-fee status and extensive advantages.
Although rather uncommon for a card with no annual fee, the Tangerine World Mastercard has various rewards choices that will appeal to travelers, including rental vehicle insurance, complimentary airport WiFi, lounge access, and cashback incentives when traveling. However, the primary benefit of this card is its 2% cash-back rewards program. It is offered in three distinct spending categories from which the cardholder may choose.
Unlike many other rewards credit cards, the Tangerine World Mastercard has no cap on the amount of money-back rewards you may receive, which means your rewards balance can rapidly accumulate.
Recommended Credit Score: 700+
Minimum Income Requirement: $60,000
Annual Fee: $0
Scotia Momentum Visa Infinite – Cash back on all payments!
The Scotia Momentum Visa Infinite is distinguished from the competition by one feature: cashback incentives. The Scotia Momentum Visa Infinite offers up to 4% cash back on daily purchases, making it one of the only Canadian credit cards that provide this kind of reward outside of travel incentives.
When you shop with your Scotia Momentum Visa Infinite, you’ll get 4% cashback on all grocery and bill payments, 2% cashback on petrol purchases, and 1% cashback on everything else. While this card is not specifically designed for travel, it does provide certain travel benefits. Cardholders qualify for travel insurance and accommodation upgrades.
Recommended Credit Score: 700+
Minimum Income Requirement: $60,000
Annual Fee: $120
TD Aeroplan Visa Infinite – Fantastic travel rewards and savings!
First and foremost, there are the travel benefits. Aeroplan is a popular travel rewards program that is recognized by Air Canada and other Star Alliance airline partners. The TD Aeroplan Visa Infinite is a popular travel card because it provides a complete package that includes everything from the ability to earn Aeroplan Miles on purchases to significant travel insurance coverage.
Here’s how it works: you earn one Aeroplan mile for every $1 you spend on goods. You will earn 1.5 miles for purchases of a certain sort, such as groceries, pharmacy goods, Air Canada flights, and petrol. This may easily pile up for those who use their credit card to pay for everything.
Recommended Credit Score: 700+
Minimum Income Requirement: $60,000
Annual Fee: $0 for the first 12 months
Scotiabank Gold Amex Card – 0% Foreign Transacton Fees!
Another great offering from Scotia Bank which comes complete with a rewards program specially geared towards travelers. Within this program, card users can receive five Scotia Rewards points per dollar spent on entertainment, dining, and groceries. Three Scotia Rewards points for every spent on gas, and a Scotia Rewards point for all other purchase categories.
New users are also offered 25,000 bonus points just for signing up. These points are redeemable for travel purchases as well as balance credits and more. To make it even more incentivizing for world travelers, the Scotia Bank Gold American Express card does not charge a foreign transaction fee — a rarity for Canadian credit cards.
Travelers who use this card also benefit from a robust travel insurance package, as well as complimentary concierge services.
Recommended Credit Score: 700+
Minimum Income Requirement: $12,000
Annual Fee: $120
