Balance transfer credit cards are designed to help people save money by letting them transfer high interest balances to an introductory 0% interest or low-interest credit card so that it eliminates you of potential interest charges, which can be quite expensive over months. Transferring balances to a credit card with 0 interest for 12 months can provide substantial savings. If you have $10,000 in credit card debt and are paying an interest rate of 15%, you can save around $1,500 on interest charges over the next 12 months. Your Savings = Your Debt * High Interest Rate – Transfer Fee.

Most credit cards charge a one-time transaction fee for balance transfers, which is minimal compared to the interest charges that you may have saved over the next few months. If you’re carrying a large credit card balance each month, it’s well worth your time and effort to check out these best Canadian balance transfer credit cards. Check out the most popular Canadian balance transfer credit cards that stand out.

Apply Now

Tangerine Money-Back Credit Card

Earn an extra 10% back (up to $100)* for a limited time with a Tangerine Money-Back Credit Card.
Apply for a Tangerine Money-Back Credit Card by October 31, 2024 and earn an extra 10% back (up to $100) when you spend up to $1,000 in everyday purchases within your first 2 months.*
Earn 2% money back on everyday purchases in up to 3 categories of your choice. Money-Back Rewards are unlimited and paid monthly.
You choose the Categories that work best for you-like grocery, furniture and entertainment. There are 10 to choose from.
Money-Back Rewards are deposited into your Account every month, and there's no cap on the amount you can earn on your everyday purchases.
No limit on the amount of Money-Back Rewards you can earn.
Change your 2% Money-Back Categories to suit your spending.
No annual fee

Intro APR: 1.95% on Balance Transfers

Intro APR Period: 6 months

Purchase APR: 19.95%

Annual Fee: $0

Apply Now

The Platinum Card^®

Unlock special experiences with the Platinum Card^®
Earn up to 140,000 Membership Rewards^® points - that's up to $1,400 towards a weekend away. Offer ends Jan 28, 2025
New Platinum^® Cardmembers, earn 100,000 Welcome Bonus points after you charge $10,000 in net purchases to your Card in your first 3 months of Cardmembership. Offer ends Jan 28, 2025
Plus, earn 40,000 points when you make a purchase between 14 and 17 months of Cardmembership. Offer ends Jan 28, 2025
Earn 2 points for every $1 in Card purchases on eligible dining and food delivery in Canada, 2 points for every $1 in Card purchases on eligible travel, and 1 point for every $1 in all other Card purchases
Access a $200 Annual Travel Credit through American Express Travel Online or Platinum^® Card Travel Service
Enjoy a $200 Annual Dining Credit at some of Canada's best restaurants
Unlock $200 or more in additional value with Member extras. You can earn statement credits for qualifying purchases with participating brands
Take full advantage of The American Express Global Lounge Collection™ which unlocks access to over 1,400 airport lounges worldwide. This includes The Centurion^® Lounge network, Plaza Premium Lounges, and hundreds of other domestic and international lounges designed to enhance your travel experience
Enjoy flexible ways to use your points such as statement credits for any eligible purchase charged to your Card, new travel purchases booked on American Express Travel Online through the Flexible Points Travel Program, and eligible flights through the Fixed Points Travel Program
Transfer points 1:1 to several frequent flyer and other loyalty programs
Enjoy complimentary benefits that offer an average value of $600 USD at over 1,500 extraordinary properties worldwide when you book Fine Hotels + Resorts
Platinum Cardmembers can enjoy access to special events and unique opportunities
Enjoy premium benefits at the Toronto Pearson Airport
You will also have access to many leading hotel and car rental companies' loyalty programs. Our partners include Marriott International, Hilton Hotels and Resorts, Hertz and Avis
Interest applies in accordance with your Cardmember Agreement, Information Box, and Disclosure statement if the total New Balance is not paid by the Payment Due Date each month. All payments must be received by the Payment Due Date shown on the monthly statement
American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment

Intro APR: N/A

Intro APR Period: N/A

Purchase APR: N/A

Annual Fee: $799

Apply Now

Business Platinum Card^® from American Express

Redefine what you'll experience and discover with Platinum
Earn up to 150,000 bonus Membership Rewards^® points. Offer ends Jan 28, 2025.
Earn 110,000 Membership Rewards^® points after you charge $15,000 in net purchases to your Card in your first 3 months of Cardmembership. Offer ends Jan 28, 2025.
Plus, earn 40,000 points when you make a purchase between 14 and 17 months of Cardmembership. Offer ends Jan 28, 2025.
That's up to $1,500 in statement credit that can be reinvested in your business
Earn points that you can redeem in a variety of ways.
Earn 1.25 Membership Rewards points for virtually every $1 in purchases and get the most out of your business expenses
Enjoy an exceptional line-up of rewards redemption options for you and your business, including travel, dining, entertainment, gift cards, merchandise, and more with Membership Rewards program.
Transfer points to frequent flyer and hotel programs, including one-to-one to Aeroplan^®* and Avios.
Bolster your business with up to $820 in annual business and travel statement credits
Enroll your eligible Card and earn up to $500 in business statement credits on qualifying purchases with Dell and Indeed.
Enroll and earn up to $120 in eligible Wireless Credits each year.
Access a $200 Annual Travel Credit each year of your Cardmembership
Unlock spending power and payment flexibility with a full suite of business management tools that give you more control over your business - anytime and anywhere
Enjoy financial flexibility with no pre-set spending limit on purchases. With this Card, your purchasing power adjusts dynamically with your Card usage, and can grow over time, as long as you make your payments on time and maintain a good credit history.
Maximize your cash flow with up to 55 interest free days so you can keep more cash on hand when you need it most.
Pay for business expenses over time with Flexible Payment Option.
This charge Card has both Due in Full and Flexible Payment Option balances. All Due in Full balances must be paid each month. Interest rate of 30% applies to each delinquent Due in Full Charge. This rate is effective from the day the account is opened. The Preferred rate of 21.99% applies to your Flexible Payment Option balance. If you have 2 separate Missed Payments in a 12 month period, the Flexible Payment Option rate for your account will be 25.99%. If you have 3 or more separate Missed Payments in a 12 month period, the Flexible Payment Option rate will be 28.99%. These rates are effective from the day the Flexible Payment Option is first available on your account.
Extend payment solutions with Supplementary Cards for your employees.
Enjoy special benefits for you and your business.
Take full advantage of the American Express Global Lounge Collection which unlocks access to over 1400 airport lounges worldwide. This includes The Centurion^® Lounge network, Plaza Premium Lounges, and hundreds of other domestic and international lounges designed to enhance your travel experience.
Enjoy premium benefits at the Toronto Pearson Airport, including access to the Pearson Priority Security Lane and discount on parking.
Get access to discounted base fares for you and your travel companions when you book through the International Airline Program.
Enjoy Fine Hotels + Resorts benefits at over 1,300 properties worldwide like guaranteed late check-out, complimentary breakfast for two, and more with Business Platinum.
Upgrade your stay with premium status at leading hotel brands like Hilton Honors and Marriott Bonvoy

Intro APR: N/A

Intro APR Period: N/A

Purchase APR: N/A

Annual Fee: $799