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.
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Priority airport services
No
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Airport lounge access
No
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Concierge service
No
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Balance protection(Optional)
Yes
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Purchase Security & Extended Protection Insurance
Yes
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Flight delay insurance,Baggage Insurance
No
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Vehicle rental insurance
No
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Travel accident insurance
No
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Travel medical insurance
No
- Annual Fee: $20
- Additional Card Fee: $0
- Purchases Interest Rate: 11.99%
- Cash Advance Interest Rate: 11.99%
- You're a Canadian resident
- You've reached the age of majority in your province or territory
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
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.
Scotiabank Value® Visa* Card review
0% introductory interest rate on Cash Advances for the first 10 months (12.99% after that; annual fee $29). Plus no annual fee in the first year.
Great reasons to get this card for your everyday purchases
Save up to hundreds of dollars a year on interest
Pay down higher interest rates balances faster
- Stay one step ahead of your balance a lower interest rate makes this card an affordable way to finance those medium to large purchases you are making.
Transfer higher rate balances and save even more
- Switch balances over from higher interest-rate credit cards to the Scotiabank Value® Visa* credit card. By consolidating your higher-rate balances on a lower-rate card, you’ll save on interest and make paying bills easier.
Author Bio
Mohamed Konate is a personal finance expert, blogger, and marketing consultant based in Toronto. He is a former financial services professional who worked at major Canadian financial institutions for many years. He managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor's in Business Administration from the University of Quebec (Montreal) and a Master's in International Business from the University of Sherbrooke (Quebec). He is also the author of the Canadian Credit Card Guidebook.
