Skip to content
Skarp FinanceSkarp Finance

RBC

RBC Visa Classic Low-Rate Option

Pay down debt faster with a low fixed 12.99% rate on purchases, cash advances and balance transfers. Move existing balances at just 0.99% for the first 10 months and pay no annual fee in year one.

Apply

Starting an application here does not affect your credit score. A credit check happens only when the issuer takes it further.

Annual fee

$20

Purchase rate

12.99% (purchases)

FX fee

2.50%

Grace period

21 days

What this card pays you

Groceries
0.00%$0
Dining
0.00%$0
Gas
0.00%$0
Transit
0.00%$0
Travel
0.00%$0
Bills & subscriptions
0.00%$0
Everything else
0.00%$0
Net value$20−$20

This figure reflects your spending profile against this card's published earn rates, minus the annual fee. Category caps, welcome bonuses, insurance and lounge benefits, and first-year fee waivers are excluded from this estimate.

We earn a referral fee if an application is approved. It does not affect this ranking. How we rank

Rewards in full

  • No rewards program
  • low fixed 12.99% rate on purchases, cash advances and balance transfers, plus a 0.99% introductory balance transfer rate for the first 10 months
  • includes purchase security and extended warranty (doubles the manufacturer's Canadian warranty by up to one year, max five years)
  • Petro-Canada, Rexall and DoorDash partner offers

Rates & fees

RBC Visa Classic Low-Rate Option: Rates & fees
Annual fee$20
Supplementary card fee$0 (additional cards free)
Purchase APR12.99% (purchases)
Balance transfer intro0.99% for the first 10 months
Balance transfer rate12.99%
Balance transfer feeUp to 3% of the transferred amount on promotional balance transfers
Cash advance$5.00 per cash advance; cash advance APR 12.99%
Foreign exchange fee2.50%
Grace period21 days
NetworkVisa

Important information

Rates, fees, and offers come from the issuers and can change without notice. Confirm every detail on the issuer's site before you apply. We provide comparisons and application intake only; approval decisions rest solely with the issuer.

We use Google Analytics to understand how the site is used. It stays off until you allow it, and saying no changes nothing about what you can do here. How we handle your data