Best Low-Interest Credit Cards in Canada for August 2026

For the Toronto balance carrier ($3,000 average balance); spend mix is applied consistently to every card, we estimate $890 in annual rewards before fees and $63 in ongoing net value after quantified costs and benefits.

The downside: $395 annual fee; actual value depends on your spending and redemption choices

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• 4% Cash back Travel Groceries Gas General merchandise. Up to 4% of purchases redeemed for BONUSDOLLARS rewards: 4% for restaurants, entertainment and alternative transportation, 3% for groceries and travel and 1.75% for all other purchases. Accumulated BONUSDOLLARS can be redeemed for cash back on the account or in eligible categories (travel, alternative transportation, restaurants, entertainment, donations, gift cards, Desjardins financial products and services). Conditions apply.

• Cash back Travel Groceries Gas General merchandise
• Up to 4% of purchases redeemed for BONUSDOLLARS rewards: 4% for restaurants, entertainment and alternative transportation, 3% for groceries and travel and 1.75% for all other purchases. Accumulated BONUSDOLLARS can be redeemed for cash back on the account or in eligible categories (travel, alternative transportation, restaurants, entertainment, donations, gift cards, Desjardins financial products and services). Conditions apply.
• FCAC annual-fee disclosure: First card: $395.00 Second card: $95.00
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto balance carrier ($3,000 average balance); spend mix is applied consistently to every card, we estimate $600 in annual rewards before fees and $-99 in ongoing net value after quantified costs and benefits.

The downside: $399 annual fee; actual value depends on your spending and redemption choices

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• 2x 2x Scene+ points

• 2x Scene+ points
• Scotiabank issuer annual-fee disclosure: $399
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto balance carrier ($3,000 average balance); spend mix is applied consistently to every card, we estimate $150 in annual rewards before fees and $-365 in ongoing net value after quantified costs and benefits.

The downside: $50 annual fee; actual value depends on your spending and redemption choices

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• 1x Cash back Travel Groceries Gas General merchandise. 1 point for every $1 spent on all purchases

• Cash back Travel Groceries Gas General merchandise
• 1 point for every $1 spent on all purchases
• FCAC annual-fee disclosure: First card: $50.00 Second card: $10.00
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, SK, YT

For the Toronto balance carrier ($3,000 average balance); spend mix is applied consistently to every card, we estimate $0 in annual rewards before fees and $-377 in ongoing net value after quantified costs and benefits.

The downside: $35 annual fee; actual value depends on your spending and redemption choices

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• FCAC annual-fee disclosure: First card: $35.00 Second card: No fee
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto balance carrier ($3,000 average balance); spend mix is applied consistently to every card, we estimate $0 in annual rewards before fees and $-402 in ongoing net value after quantified costs and benefits.

The downside: Actual value depends on your spending and redemption choices

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• FCAC annual-fee disclosure: First card: No fee Second card: No fee
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto balance carrier ($3,000 average balance); spend mix is applied consistently to every card, we estimate $0 in annual rewards before fees and $-444 in ongoing net value after quantified costs and benefits.

The downside: $39 annual fee; actual value depends on your spending and redemption choices

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• FCAC annual-fee disclosure: First card: $39.00 Second card: No fee
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, SK, YT

For the Toronto balance carrier ($3,000 average balance); spend mix is applied consistently to every card, we estimate $0 in annual rewards before fees and $-465 in ongoing net value after quantified costs and benefits.

The downside: Actual value depends on your spending and redemption choices

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• FCAC annual-fee disclosure: First card: No fee Second card: No fee
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, SK, YT

For the Toronto balance carrier ($3,000 average balance); spend mix is applied consistently to every card, we estimate $0 in annual rewards before fees and $-485 in ongoing net value after quantified costs and benefits.

The downside: $20 annual fee; actual value depends on your spending and redemption choices

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• NA
• FCAC annual-fee disclosure: First card: $20.00 Second card: No fee
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto balance carrier ($3,000 average balance); spend mix is applied consistently to every card, we estimate $0 in annual rewards before fees and $-487 in ongoing net value after quantified costs and benefits.

The downside: $25 annual fee; actual value depends on your spending and redemption choices

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• FCAC annual-fee disclosure: First card: $25.00 Second card: No fee
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, SK, YT

For the Toronto balance carrier ($3,000 average balance); spend mix is applied consistently to every card, we estimate $0 in annual rewards before fees and $-490 in ongoing net value after quantified costs and benefits.

The downside: $25 annual fee; actual value depends on your spending and redemption choices

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• N/A
• FCAC annual-fee disclosure: First card: $25.00 Second card: No fee
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto balance carrier ($3,000 average balance); spend mix is applied consistently to every card, we estimate $0 in annual rewards before fees and $-515 in ongoing net value after quantified costs and benefits.

The downside: $20 annual fee; actual value depends on your spending and redemption choices

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• Not applicable
• FCAC annual-fee disclosure: First card: $20.00 Second card: No fee
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, SK, YT

For the Toronto balance carrier ($3,000 average balance); spend mix is applied consistently to every card, we estimate $0 in annual rewards before fees and $-524 in ongoing net value after quantified costs and benefits.

The downside: $29 annual fee; actual value depends on your spending and redemption choices

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• N/A
• FCAC annual-fee disclosure: First card: $29.00 Second card: No fee
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, SK, YT