The vast majority of low interest credit cards do not offer rewards, which is the tradeoff for the low interest rate you pay. Rewards cards tend to come with high interest rates, so if your main priority is paying off debt, it’s wise to avoid them and stick with a low interest credit card or a balance transfer card. Most low interest credit cards that skip on rewards also don't charge a high annual fee, offering a greater savings potential. However, if you are interested in earning rewards as well paying lower interest, the Scotiabank* Platinum American Express Card  lets you earn Scene+ points while also providing a full suite of perks, including travel benefits such as complimentary airport lounge access and trip cancellation insurance. 

Whether you should choose a balance transfer credit card or a low-interest credit card depends on your needs. If you want to consolidate credit card debt and pay it off over a relatively short period (less than one year), a balance transfer credit card may be right for you. If you want to finance purchases or carry a balance over the long term, a low-interest credit card might be a better choice.

The biggest disadvantages of low interest credit cards is that very few of them offer rewards, insurance coverage or include any additional perks. The purpose of low interest credit cards is to save on interest paid as opposed to earning rewards on spending, or having additional perks and insurance.