The RBC RateAdvantage Visa is a lower-interest RBC card for Canadians who may carry a balance. Instead of chasing rewards, the card is built around reducing borrowing costs.
Quick Verdict
Best for: cardholders who carry a balance and want a lower rate than most rewards cards.
Not ideal for: anyone who pays in full every month and wants points or cash back.
Key Card Details
| Feature | Detail |
|---|---|
| Annual fee | $0 |
| Purchase interest rate | Verify at rbc.com |
| Cash advance rate | Verify at rbc.com |
| Foreign transaction fee | 2.5% |
| Income requirement | None listed |
| Network | Visa |
| Rewards | None |
Verify current terms and rate disclosures at rbc.com before applying.
Alternatives
Bottom Line
The RBC RateAdvantage Visa is a practical lower-interest card for people who need to carry a balance. If you pay in full, a rewards card will usually be more useful.