Toronto, Ontario (PRWEB) March 17, 2014
Credit card experts from GreedyRates.ca, an authority Canadian credit card comparison website, announced their annual ranking for the best low rate credit cards of the year in Canada. In creating their ranking, GreedyRates reviewed all the low rate credit cards in Canada and took into account a variety of criteria including interest rates, introductory offers, term of introductory offers, fees, and customer service. Some of the best low interest credit card deals are not widely publicized, so it can be tough for consumers to find them, which is why Greedyrates has created this ranking.
Here are the best low interest credit cards of 2014, according to GreedyRates:
1. Best Low Interest Credit Card: MBNA TrueLine MasterCard - The MBNA TrueLine credit card, issued by TD, might be the best low rate credit card offer for new purchases. No credit cards in Canada offer better than a 9.99% fixed interest rate with no annual fee. That’s why we love this card. It’s simple, clean and transparent, the 9.99% is what you see and what you get. And of course there's no annual fee.
2. Best Low Balance Transfer Credit Card: MBNA Platinum Plus MasterCard - Another excellent low interest credit card issued by TD, is best for those who are looking for a 0% interest rate for 12 months and no annual fee on transferred balances. Shifting existing credit card debts to a new balance transfer card can save you $100’s or even $1,000’s. This is the best card in Canada for those looking to lower the cost of their existing credit card debt.
3. Best Low Introductory Purchase Interest Credit Card: American Express Air Miles Card - The American Express Air Miles Credit Card offers the lowest introductory interest rate on new purchases in Canada of 2.99% for 12 months, with no annual fee. You also get to collect Air Miles along the way. The low rate won’t last forever, but if you’re planning to make a big purchase, not even a line of credit can beat this rate for 12 months.
People interested in comparing Canadian credit cards can do so using the unique tool provided by GreedyRates.ca. GreedyRates will help you find the best credit card in Canada. Stack up your current card against every other card in Canada, and you’ll see exactly how much interest you’ll be saving or rewards you’ll be earning.