The range of credit available in Canada seems to keep growing and growing! This benefits Canadians by giving us more choice in how we make our purchases and earn back from them
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If you are struggling with pre-existing credit card debt or just want a low-interest credit card for future purchases or cash advances, then take a look at the CIBC Select Visa. Right now, new cardholders can take advantage of an incredibly enticing welcome offer: 0% interest for 10 months on balance transfers with a 1% transfer fee.
The Refresh Financial Secured Card differs from the Home Trust Secured Visa, in that the Refresh Financial Secured Card comes with a $12.95 annual fee, plus a $3 monthly fee. This may be off-putting for those who want to avoid an annual fee at all costs, but the Refresh Financial Secured Card does have some advantages, including guaranteed approval for those who meet basic requirements (e.g. be at least the age of majority), a comparatively low purchase interest rate, and a low minimum deposit.
This card’s low 8.99% on balance transfers saves a bundle on the interest you’re already paying, and as purchase rates are also 8.99%, you won’t have to do much calculating at the register when considering which card to use. It also carries a Cash Advance rate of 24.99%
Most Canadian credit cards that waive foreign transaction fees have relatively high-income requirements and annual fees in excess of $100. But the Home Trust Preferred Visa is an overlooked gem that charges neither foreign transaction fees nor an annual fee.