Visa Classic Low Rate Option

First year rewards (up to)

Gift card
Spending
bonus
Monthly
bonus
Based on the amount of spending you do each month, our tool determines how much you'll spend on an annual basis and calculates the potential rewards you could earn for doing so. Spending
rewards
Annual fee
Annual fee
(1st yr waived)
The total net reward is the dollar amount all your rewards will add up to, minus any annual fee you may have to pay. For a detailed explanation on how we calculated this number, check out the Points Calculator tab.
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Cash advance: 11.99%
Balance transfer: 11.99%
%
Purchase interest rate
Cash advance: 11.99%
Balance transfer: 11.99%
%
Balance transfer
% after months
Annual fee
(Waived)
Monthly
interest fee
after months
Required deposit
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Insurance
Benefits
Miscellaneous insurance items for purchases on your credit card. Miscellaneous
  • Zero liability
  • Extended warranty
  • Purchase assurance
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Card details

Network: VISA
Provider: RBC Royal Bank
Card type: Balance transfer, Low interest

Fees & interest

This is the annual fee you have to pay, in order to use this credit card. The annual fee is charged once per year and is added to your credit card statement. Annual fee: $20
This is the annual interest rate you will pay on purchases, if/when you can't pay off the entire balance by the payment due date outlined on your credit card statement. Purchase interest rate: 11.99%
This is the interest rate you will pay on cash advances. Unlike regular purchases, which come with a grace period, interest on cash advances starts to accrue the day you complete the transaction. Cash advance: 11.99%
This is the interest rate you will pay on balance transfers. Unlike regular purchases, which come with a grace period, interest on balance transfers starts to accrue the day you complete the transaction. Balance transfer: 11.99%

Eligibility

This is the annual income requirement to be eligible for this credit card. Income: Any amount
This is the total annual family income requirement to be eligible for this credit card. Only applicable if the applicant does not meet the annual income requirement themselves. Household income: Any amount
  • Be a permanent Canadian resident
  • Have reached the age of majority in the province in which you live (18 yrs in AB, MB, ON, PE, QC, SK. 19 yrs all others)

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Earn $150 in bonus points for travel with your first $1000 in everyday purchases + 4x the points on groceries, gas, dining, and entertainment.

0.99% introductory interest rate on balance transfers for the first 6 months.

No foreign transaction fees + 1% cash back on all of your purchases + free roadside assistance.

Welcome Offer: Earn 2.5% cash back on purchases for the first 3 months. Earn 1.25% cash back thereafter.

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  • Worldwide access to cash advances of up to $500 daily (up to your available credit limit)††
  • Accepted at more than 600,000 locations in Canada and over 24 million worldwide
  • Time-saving autopayment service
  • Commission-free travellers cheques