![]() The kicker: you can earn miles twice when shopping online at airmilesshops.ca and when you show your Air Miles Collectors Card and credit card when shopping in-store at partner locations.įor those looking to save big at the supermarket checkout, BMO’s entry-level rewards card, the BMO CashBack Mastercard, has no annual fee or income requirements – letting you consolidate your past debts and pay them off faster while earning cash back for buying food and essentials at your favourite grocery chain. You’ll earn 3x the miles for every $25 spent at participating Air Miles partners and 2x the miles for every $12 spent at any eligible grocery store at Air Miles partner retailers (like Sobeys, Metro, Shell, Staples, and more), plus the usual 0.4 miles per dollar everywhere else you use the card. ![]() Once the introductory offer ends after nine months, the interest rate on transferred balances will climb to 22.99.Īside from the balance transfer offer, the BMO Air Miles Mastercard earns Air Miles on all new purchases. ![]() The introductory interest rate lasts for nine months and is exclusively for new cardholders who will also have to account for a transfer fee that’s equal to 1% of the balance being transferred. The BMO Air Miles Mastercard is a no annual fee, entry level credit card that comes with a 0.99 balance transfer offer. But it does come with up to $100,000 in common carrier accident insurance and the ability to add up to three authorized users at no additional cost. To top it off, the card’s $29 annual fee is rebated for the first year.Īs a low interest credit card, the CIBC Select Visa doesn’t offer much in the form of perks. Simple really: it offers an unbeatable 0% interest rate on balance for a limited-time of ten months and carries a below-average interest rate of 13.99% as standard (including on transferred balances after the promotional period ends). The CIBC Select Visa has a $29 annual fee, which is rebated for the first year, and you’ll need an annual household income of at least $15,000 to be considered eligible to apply. if you’re approved for the CIBC Select Visa with a $2,000 credit limit, you can only transfer up to $1,000 from another credit card). ![]() Finally, you can only transfer up to 50% of your assigned credit limit (e.g. Second, there’s a flat transfer fee equal to 1% of the size of the balance you’re moving, which is a common fee on balance transfers that is well worth the price to access a 0% interest rate. There are a few caveats cardholders should know about, however.įirst, the balance transfer offer is exclusively available to new cardholders applying online, so be sure to read your online application form carefully and tick off the relevant box to show you’re interested in the promotion. Link and use your CIBC Select Visa Card with Journie Rewards to automatically save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.† Users can also now save at the pumps through CIBC's new partnership with Journie Rewards. So, even if you can’t completely tackle the debt you transferred before the allotted ten-month promotional period ends, you can continue to leverage a low interest rate that’s between eight and six percentage points below what most other credit cards charge. The good news is the CIBC Select Visa also offers a below-average interest rate of 13.99% as standard. Get 0% interest for up to 10 months with a 1% transfer fee and a first year annual fee rebate. With interest completely out of the equation for a limited time, you can move the balance owed on your current credit card over to the CIBC Select Visa and chip away at your debt faster and more efficiently. The CIBC Select Visa shoots right to the top of our list for its undeniably great balance transfer promotion: it offers newly-approved cardholders a great welcome bonus - Transfer your credit card balance.
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