The RBC Rewards+ Visa card is a no-fee credit card option that provides points on your spending, offering a rewards program that allows you to earn points on various purchase categories.

Key Benefits

Annual Fee: $0

Rewards:

• 1 RBC Rewards point per $1 spent on gas, groceries, and drugstore purchases
• 1 RBC Rewards point per $2 spent on all other purchases

Welcome Bonus: 2,500 RBC Rewards points upon approvalAdditional Perks: Extended warranty, purchase security, digital bonuses (up to 3,500 points)

Digital Bonuses: You can earn up to 3,500 bonus points by completing digital actions like adding your email, signing up for e-statements, and using RBC’s mobile app.

Protection: The card comes with extended warranty and purchase security benefits

Reward Structure

• 1 RBC point for every dollar spent at grocery stores, gas stations, and drugstores
• 1 point for every two dollars spent on all other purchases

Each RBC point holds a value of approximately two cents when redeemed for travel, and about one cent when redeemed for other rewards. This means that to maximize the value of your points, it’s advisable to redeem them for travel-related expenses.

Cash Back Equivalent

When redeeming points for travel, you essentially receive 2% cash back for every dollar spent at grocery stores, gas stations, and drugstores, and 1% back on all other purchases.

Rates and Fees

• Purchase Interest Rate: 20.99%
• Cash Advance Rate: 22.99%
• Balance Transfer Rate: N/A

What are the no-fee credit card options from RBC?

When it comes to no-fee credit cards, RBC offers a variety of options, but not all of them are as competitive as the best no-fee credit cards available in Canada. Let’s take a closer look at the no-fee credit card options from RBC and how they stack up against the competition.

RBC Cash Back Mastercard

The RBC Cash Back Mastercard is one of the no-fee credit card options that offers cash back benefits. This card provides 2% cash back on groceries and 1% cash back on all other purchases. However, when compared to other no-fee credit cards in Canada, such as the BMO Cash Back Mastercard which offers 3% cash back on groceries, the RBC Cash Back Mastercard falls short in terms of cash back benefits.

RBC Rewards+ Visa Card

Another no-fee credit card option from RBC is the RBC Rewards+ Visa Card, which offers points on spending. With this card, you will receive 1 RBC point on every dollar spent on groceries, gas, or at drug stores, as well as 1 point per 2 dollars on all other spendings.

However, the value of these points is limited, especially when compared to other no-fee credit cards in Canada.

For example, the Tangerine Money Back Card offers 2% cash back on 2 categories of your choice, including gas and drug store purchases, providing a better cash back rate compared to the RBC Rewards+ Visa Card.

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