💎 Get a low, fixed annual interest rate of 12.99% on purchases, cash advances including balance transfers

The RBC Visa Classic Low Rate Option Credit Card is designed for those who want to minimize interest payments while enjoying various benefits. In this review, we’ll dive into the card’s features, fees, benefits, and more to help you decide if it’s the right fit for you.

Overview and Key Features

This credit card offers a low annual interest rate, making it an appealing choice for individuals who may carry a balance from month to month. Here are some of the standout features:

• Annual Fee: $20
• Purchase Rate: 12.99%
• Cash Advance Rate: 12.99%
• Zero Liability Protection: Protects you from unauthorized transactions.
• Purchase Security and Extended Warranty Insurance: Additional peace of mind for your purchases.

Interest Rates: A Closer Look

The low 12.99% interest rate on both purchases and cash advances is one of the most attractive aspects of the RBC Visa Classic. This fixed rate can help you save on interest costs, especially if you find yourself needing to carry a balance occasionally. Here’s what you need to know:

• The rate applies to both purchases and cash advances, allowing you to save money whether you’re making everyday purchases or facing unexpected expenses.
• Compared to many other credit cards, which often have rates exceeding 19%, this card stands out for its affordability.

Additional Benefits

The RBC Visa Classic comes with a variety of additional benefits that enhance its value. Let’s explore some of these features:

RBC Offers

With RBC Offers, you can load personalized deals from various brands before you shop. This feature allows you to:

• Earn bonus points faster.
• Receive cash savings on eligible purchases.

Fuel Savings

If you frequently fuel up at Petro Canada, this card offers instant savings:

• Link your card with a Petro-Points membership and earn 50 BWell points for every $1 spent on eligible products.
• Redeem 25,000 BWell points for $10 in savings.

Delivery Discounts

For food delivery lovers, this card offers:

• Zero delivery fees for three months from DoorDash.
• A complimentary DashPass subscription, valued at nearly $30, allowing unlimited deliveries on orders over $15.

Optional Extras

The RBC Visa Classic also provides optional add-on services for those interested in enhanced coverage:

• Travel Insurance
• RBC Road Assist
• Balance Protector
• Identity Theft and Credit Protection

Pros and Cons

Like any financial product, the RBC Visa Classic has its advantages and disadvantages:

Pros

• Low annual fee of $20.
• Fixed low-interest rate of 12.99% for both purchases and cash advances.
• Various additional benefits, including fuel savings and delivery discounts.
• Zero liability protection against fraud.

Cons

• Foreign transaction fees of 2.5% may apply if you use the card abroad.
• Some optional insurance features come at an additional cost.

Who Is This Card For?

This card is ideal for individuals who:

• Want to maintain a lower interest rate while making purchases.
• Plan to carry a balance occasionally but want to minimize costs.
• Frequent Petro Canada or DoorDash customers who can take advantage of the associated savings.

Pricing and Fees

Understanding the costs associated with the RBC Visa Classic is crucial:

• Annual Fee: $20
• First Additional Card: Free
• Foreign Transaction Fee: 2.5%
• Purchase and Cash Advance Rates: 12.99%