RBC Visa Classic Low Rate Option Review
Recommended Credit Score:
670 900
Average to Excellent
$0
Welcome Bonus Value
$20
Annual Fee
11.99%
Purchase Interest Rate
NA
Min Personal Required
RBC Visa Classic Low Rate Option
My Rate Compass Rating: star star star star_half star_outline (3.8)
Bank Name:RBC
Network Type:VISA
RBC Visa Classic Low Rate Option
Welcome Bonus
Annual Fee
$20
RBC Visa Classic Low Rate Option
Card Details

RBC Visa Classic Low Rate Option Review

Low interest rate on purchases and cash advances

Low annual fee

Purchase security and extended warranty insurance

Avoid high interest costs

If you choose to carry a balance on your card, the low 12.99% interest rate – on purchases and cash advances – lets you save on interest.

Save and Earn Faster with RBC Offers

Load personalized offers for great brands before you shop to get cash savings or to earn bonus points faster.

Protection for you and your purchases

Zero liability protection protects you from fraud (provided you took reasonable precautions to protect your card and your PIN). Purchase security and extended warranty insurance protects your eligible purchases.

Insurance
  • Priority airport services No
  • Airport lounge access No
  • Concierge service No
  • Balance protection(Optional) Yes
  • Purchase Security & Extended Protection Insurance Yes
  • Flight delay insurance,Baggage Insurance No
  • Vehicule rental insurance No
  • Travel accident insurance No
  • Travel medical insurance No
Fees and Eligibility
Fees
  • Annual Fee: $20
  • Additional Card Fee: $0
  • Purchases Interest Rate: 11.99%
  • Cash Advance Interest Rate: 11.99%
Eligibility
  • You're a Canadian resident
  • You've reached the age of majority in your province or territory
Recommended Credit Score:
670 900
Average to Excellent
Our Rating
My Rate Compass Rating: star star star star_half star_outline (3.8)
Rating Methodology: My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category. Credit card rating methodology
Editorial Guidelines: Learn more about our editorial guidelines here.
Pros and Cons

Make the most of your RBC credit card by adding Value Added Services such as:

 

Balance Protector Insurance

 Identity Protection

 RBC Road Assist

 Optional Travel Insurance

Editor's Review
Great credit card for those would like to save on interest rates.

The main benefit of this card is the low interest rate. Rather than the typical 19.99% and 22.99%, the RBC Visa Classic Low Rate Option charges 12.99% on purchases and cash advances. If you carry a balance on your card, the $20 annual fee is well worth the money you’ll save in interest. If you don’t carry a balance, you’re better off with a rewards card.