RBC Visa Classic Low Rate Option review
A credit card from RBC, compared on fees.
Credit card- Welcome bonus
- Enjoy a 0.99% introductory interest rate for the first 10 months on balance transfers and no annual fee for the first year. Apply by November 4, 2026
- Annual fee
- $20
- Interest rates
- 12.99% / 14.99% Purchase / cash advance
- FX fee
- 2.5%
Welcome bonus
Enjoy a 0.99% introductory interest rate for the first 10 months on balance transfers and no annual fee for the first year. Apply by November 4, 2026
Rates & fees
| Annual fee | $20Additional card: $0. $5 cash advance fee per transaction (including balance transfers). The 0.99% intro rate applies to all cash advances, including balance transfers, for the first 10 statement periods; online applications only, received November 26, 2025 to November 4, 2026. Rates rise to 20.99% (purchases) and 22.99% (cash advances) if the Minimum Payment is missed 2 or more times in 12 months. |
|---|---|
| Monthly equivalent | $1.67 |
| Foreign transaction fee | 2.5% |
| Purchase interest rate | 12.99% |
| Cash advance rate | 14.99% |
| Balance transfer rate | 14.99% |
| Network | Visa |
Insurance coverage
- Purchase Security and Extended Warranty Insurance: purchases covered against loss, theft or damage within 90 days; doubles the manufacturer's original Canadian warranty by up to one additional year
- Included
Perks & benefits
- Save 3 cents/L on fuel and earn 20% more Petro-Points at Petro-Canada with a linked RBC card
- Earn 3x Canadian Tire Money when you scan Triangle Rewards and pay with a linked RBC card
- 3-month complimentary DashPass subscription; $0 delivery fees on qualifying DoorDash orders of $15 or more
- 50 Be Well points per $1 on eligible purchases at Rexall with a linked RBC card
- Zero Liability fraud protection and Credit Card Lock in the RBC Mobile app
How it compares
- 40 of the 109 credit cards we track cost less per year, and 68 cost more.
- Charges the same 2.5% foreign transaction fee as 95 other cards we track.
- Spending $1,000 in a foreign currency adds about $25 in FX fees, or $125 on $5,000.
Side by side with similar picks
| Credit cardRBC Visa Classic Low Rate Option |  BMO Preferred Rate Mastercard |  CIBC Select Visa Card |  American Express Green Card | |
|---|---|---|---|---|
| Annual fee | $20 | $29 | $29 | $0 |
| FX fee | 2.5% | 2.5% | 2.5% | 2.5% |
| Rewards rate | — | — | — | 1x |
| Purchase interest | 12.99% | 13.99% | 13.99% | 21.99% |
| Welcome bonus | Enjoy a 0.99% introductory interest rate for the first 10 months on balance transfers and no annual fee for the first year. Apply by November 4, 2026 | First-year $29 annual fee waived | — | Up to 10,000 Membership Rewards points |
| Offered by | RBC | BMO | CIBC | American Express |
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Frequently asked questions
Does the RBC Visa Classic Low Rate Option have an annual fee?
Yes. The RBC Visa Classic Low Rate Option has an annual fee of $20, about $1.67 a month. Additional card: $0. $5 cash advance fee per transaction (including balance transfers). The 0.99% intro rate applies to all cash advances, including balance transfers, for the first 10 statement periods; online applications only, received November 26, 2025 to November 4, 2026. Rates rise to 20.99% (purchases) and 22.99% (cash advances) if the Minimum Payment is missed 2 or more times in 12 months..
What is the RBC Visa Classic Low Rate Option welcome bonus?
Enjoy a 0.99% introductory interest rate for the first 10 months on balance transfers and no annual fee for the first year. Apply by November 4, 2026.
What is the interest rate on the RBC Visa Classic Low Rate Option?
12.99% on purchases and 14.99% on cash advances. You can avoid purchase interest by paying your full statement balance by the due date.
Rates, fees and offers come from RBC’s published terms and can change at any time. Confirm the current terms with RBC before applying. CreditLab may earn a commission from partner links; this never changes the facts we show. See our methodology.