Am I eligible?
To get this card, you must also:
Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.
What the Critics Are Saying...
- Money.caWho’s the Card For? Cardholders who might not pay off their balance and let it ride from month to month are exposed to interest charges that add up over time. In these circumstances it’s preferable to charge purchases to low-interest credit cards, which will minimize compounding balances as much as...
- Enoch Omololu, SAVVY New CanadiansAre you in the market for a low interest rate credit card so you can save on interest fees? The RBC Visa Classic Low Rate Option credit card may work for you with its 12.99% interest rate. Low-interest credit cards come in handy if you carry a balance from month to month. With average purchase inter...
- Sam Bourgi, FinderThe RBC Visa Classic Low Rate Option offers affordable terms for customers who tend to carry monthly balances or make regular cash advances. This basic card doesn’t offer any rewards, so it’s best utilized for large purchases, cash advances or balance transfers. Regardless of how you use it, the sam...
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate | 12.99% |
| Balance Transfer Interest Rate | 12.99% |
| Cash Advance Interest Rate |
12.99% 0.99% for the first 10 months |
| Rates & Fees | |
| Annual Fee | $20.00 |
| Balance Transfer Fee |
3% Maximum |
| Cash Advance Fee |
$3.50 $5.00 fee for cash advances outside of Canada. |
| Foreign Transaction Fee |
2.5% Transactions made in a foreign currency will be converted and posted to your account in Canadian currency. |
| Over Limit Fee | $29.00 |
| Late Payment Fee | $0.00 |
| Promotions | |
| Sign up bonus | No |
| Rewards | |
| All Purchases | No |
| Restaurants | No |
| Gas | No |
| Groceries | No |
| Hotels | No |
| Travel | No |
| Pharmacy | No |
| Bills | No |
| Features & Benefits | |
| Additional Card Holders | Yes |
| Travel Accident Insurance | No |
| Car Rental Insurance | No |
| Car Rental Discount | No |
| Extended Warranty | Yes |
| Purchase Protection | Yes |
| Zero Liability | Yes |
| No Foreign Transaction Fees | No |
| Emergency Assistance | No |
| Concierge Service | No |
| Price Protection | No |
| Fraud Protection | Yes |
| Free Credit Scores | No |
| Wireless Payments | Samsung Pay |
| Virtual Cards | No |
| Eligibility | |
| Minimum Security Deposit | $0 |
| Minimum Age |
18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces. |
| Minimum Personal Income | |
| Temporary Residents | No |
| More | |
| Additional comments | - |
| Terms & Conditions | Official Terms & Conditions |
| Suggest a correction |
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.
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