How to Apply RBC Visa Classic Low Rate Option

Introducing the RBC Visa Classic Low Rate Option – the credit card that prioritizes what truly matters: lower interest rates. If you find yourself carrying a balance or occasionally needing cash advances, this card offers substantial savings by charging significantly less interest than many alternatives. With reduced interest rates, you’ll regain control of your finances and pay off your balance faster.

This card comes with a minimal annual fee of just $20, and you have the flexibility to add supplementary cards to your account at no extra cost. As an RBC Visa holder, you’ll also enjoy valuable benefits like balance protector insurance, identity protection, roadside assistance, and the option to add travel insurance, ensuring comprehensive coverage and peace of mind. Make a smart financial choice with the RBC Visa Classic Low Rate Option, and experience the freedom of lower interest rates today.

RBC Visa Classic Low Rate Option Benefits

There are a number of benefits that make the RBC Visa Classic Low Rate Option an attractive choice. A detailed look at this card’s advantages follows:

1. Save on interest costs

With the RBC Visa Classic Low Rate Option, both purchases and cash advances enjoy an impressive 12.99% interest rate. Compared to cards with higher interest rates, your card will save you significantly on interest charges if you ever carry a balance.

2. RBC offers help you earn and save faster

RBC Offers allows you to load personalized offers from popular brands before you shop using this card. By making use of these offers, you can save money or earn bonus points more quickly, which can make your purchases more valuable.

3. Providing you with protection for your purchases

A robust set of security features is included with the card. Your card and PIN are protected by zero liability protection if you take reasonable precautions to safeguard them. You can also protect your eligible purchases with purchase security and extended warranty insurance.

4. Save on fuel at Petro-Canada with instant savings

By linking your card, you’ll save 3¢ per liter on fuel at Petro-Canada. Adding to the fun, your trips to the pump will always earn you 20% more Petro-Points.

5. Get Be Well Points at Rexall

You can earn 50 Be Well points for every $1 spent on eligible products at Rexall if you have a Be Well card linked to your RBC Visa Classic Low Rate Option. Be Well points can also be redeemed for in-store savings.

6. DoorDash charges no delivery fees

Your DoorDash account will get a free 3-month DashPass subscription when you add your RBC credit card. When you pay with an eligible RBC credit card, you’ll get unlimited deliveries for $0 delivery fees.

7. You can lock your credit card

RBC credit cards let you lock them temporarily whenever you need them. The RBC Mobile app lets you control and secure your card, which is great if you’ve lost it.

8. Optional add-ons

You can customize your card to meet your specific needs and lifestyle with optional add-on services, such as travel insurance, RBC Road Assist, BalanceProtect Max Insurance, and Identity Theft & Credit Protection.

RBC Visa Classic Low Rate Option not only offers a low-interest rate but also provides value-added benefits.

Prerequisites To Apply For Card

When applying for an RBC Visa Classic Low Rate Option, it’s important to meet the following eligibility criteria. You will need to provide the personal and identification information as part of your application:

• Citizenship of Canada or permanent residency are required.
• You should have reached the age of majority as determined by the laws of your province or territory of residence.

• Your full legal name and details about your current residential status.
• Your mailing address, phone number, and e-mail address are included in your contact information.

• Your valid Social Insurance Number and date of birth as recorded in official documents.

About RBC

A Canadian multinational financial services organization with the largest market capitalization in Canada is Royal Bank of Canada. More than 89,000 employees work for the bank around the world, serving more than 17 million clients.  The company was founded in Halifax, Nova Scotia, in 1864. In addition to a corporate headquarters in Toronto, the company also maintains an office in Montreal. As a client-focused bank, the bank has been serving customers across Canada, the U.S., and internationally for over 150 years.

With RBC Royal Bank, you can choose from rewards cards, travel credit cards, cash back cards, low interest credit cards, and more. With RBC Banking, you can bank digitally with peace of mind knowing your financial information is secure. Your everyday banking needs are covered by RBC Digital Banking services. RBC offers personal banking, commercial banking, wealth management, and a variety of other financial services throughout the Caribbean.

Who is this card for?

If you’re a Canadian resident looking to manage your finances smartly, this card might be just right for you. It’s ideal if you tend to carry a balance and want to reduce interest payments. To apply, you should have a credit score of 650 or higher, typically indicating good credit.

Step by step to apply for the card

• You can visit the webpage for the RBC Visa Classic Low Rate Option.
• Click “Apply Now” to begin.
• Fill out the standard credit card application, usually taking around five minutes.
• Sign in if you’re an existing RBC client; if not, create an account.
• Provide personal details like your name, contact number, email, and address.
• Submit any required documents (e.g., proof of income or identification).
• Carefully review and confirm all entered information.
• Once confident, submit your application.
• Wait for a response from the bank, which may take some time based on their processing times.

Positives and negatives of the card

Pros

• Accepted globally at various merchants.
• Linked to Petro-Canada for fuel discounts and extra Petro-Points.
• $20 annual fee for primary cardholders, no fee for additional cards.
• Purchase security and extended warranty insurance.
• Low interest rate on purchases and cash advances.

Cons

• Lacks any rewards program, regardless of usage.
• Increased interest rate from 11.99% to 12.99% in 2019.
• Limited additional benefits or perks.

How to unlock the card?

To unlock your RBC Visa Classic Low Rate Option card, follow these steps:

1. Log in to the RBC Mobile app.
2. Navigate to your account details page.
3. Locate the option to unlock your card.
4. You will need to follow the instructions on the screen to complete the process…

Alternatively, you can visit the RBC website and enter your credit card number to unlock it.

Fees and tariffs of this card

The RBC Visa Classic Low Rate Option card has notable cost advantages. It carries a reduced interest rate, typically 12.99% on purchases and cash advances, compared to the common 19.99% and 22.99% rates. With an annual fee of just $20, it can be a cost-effective choice, especially if you tend to maintain a balance, as the lower interest rate can lead to significant savings.

Customer service for this card

For card inquiries or information, you can reach out to RBC’s customer service at 1-800 ROYAL 1-2 (1-800-769-2512) within Canada/U.S. or call collect at 416-974-7780 from outside these regions.

In case of lost or stolen cards, they provide 24/7 support at the same contact number. If you wish to disable telephone access to your account info, call 1-800 ROYAL 1-2 (1-800-769-2512).

For travel insurance assistance, contact Assured Assistance Inc. at 1-800-533-2778 within Canada/U.S. or collect at 905-816-2581 outside these areas.