A credit card is a key to achieving financial security in Canada. This explains why everyone needs to use the best credit card out there.
However, there are many reasons why many Canadians like you are considering RBC credit cards against other credit cards.
Besides competitive rewards, low-interest rates and zero annual fees, RBC has a wide range of credit cards covering all your favourite categories. From travel, student, to business, RBC has a credit card for all.
Consequently, it is easy to get confused on which RBC credit card to choose amidst over 20 options. This review identifies the overall best RBC credit card per each category, helping you make a cost-effective decision.
About RBC
Royal Bank of Canada (RBC) is a full-service international financial company and currently the largest among the five big banks in Canada by assets.
The bank was established in 1864 and currently has over 86,000 employees and 17 million customers worldwide.
With headquarters in Toronto, RBC offers a wide range of financial services, such as:
- Personal & Commercial Banking
- Wealth Management
- Investor & Treasury Services
- Capital Markets
- Insurance
RBC credit cards are part of the bank’s personal and commercial banking solutions which cut across seven categories, namely:
- Travel
- Rewards
- Cashback
- No annual fee
- Low interest
- Student
- Business
This review focuses on the best RBC credit cards based on the above categories.
Best RBC Credit Cards For Travel
These credit cards are ideal if you make everyday purchases on travel. They have competitive interest rates and annual fees that you can not easily find elsewhere.
RBC Avion Visa Infinite
- Annual Fee: $120
- Purchase Rate: 19.99%
- Rewards: 1 point for every $1 purchase + 25% cashback extra for all eligible purchases on travel.
The 25% cashback extra of this credit card distinguishes it from other credit cards out there.
Besides that, you can earn up to $75015 as a welcome bonus with this credit card.
Furthermore, the RBC Avion Visa Infinite has mobile device insurance in Addition to purchase protection.
That said, you must have a $60,000 minimum personal income or $100,000 minimum household income to qualify.
WestJet RBC World Elite Mastercard
- Annual Fee: $119
- Purchase Rate: 19.99%
- Rewards: 1.5% cashback for everyday purchases. 2% cashback for WestJet Vacations or WestJet flights.
The WestJet RBC World Elite Mastercard offers one of the competitive cashback rates on eligible travel purchases.
This card currently offers 450 WestJet dollars as a welcome bonus.
However, you must have $80,000 minimum personal income or $150,000 minimum household income to qualify.
RBC U.S. Dollar Visa Gold
- Annual Fee: 65 USD
- Purchase Rate: 19.99%
- Rewards: 1 point for every U.S. $1 eligible purchase + bonus points at eligible retailers.
As the name implies, the RBC U.S. Dollar Visa Gold is ideal for anyone looking for low-cost U.S dollar transactions. This helps you avoid regular currency fluctuations.
That said, you will earn 1 point on every USD 1 eligible purchase in addition to bonus points at eligible retailers. You can redeem your points for travel rewards, gift cards, vouchers and merchandise.
Furthermore, this card offers extensive insurance coverage, such as 24/7 travel assistance and trip cancellation.
WestJet RBC Mastercard
- Annual Fee: $39
- Purchase Rate: 19.99%
- Rewards: 1% cashback for every eligible purchase. 1.5% cashback on WestJet Vacations packages and WestJet flights.
Like the WestJet RBC World Elite Mastercard, the WestJet RBC Mastercard is ideal for earning cashback while travelling.
This card offers 50 WestJet dollars as a welcome bonus upon spending $1,000 within your first three months of membership.
With a $199 annual round-trip companion voucher, you can make a cost-effective trip with the WestJet RBC Mastercard.
RBC British Airways Visa Infinite
- Annual Fee: $165
- Purchase Rate: 20.50%
- Rewards: 1 Avios for every CAD 1 purchase. 1X Avios for every CAD 1 purchase on British Airways.
The RBC British Airways Visa Infinite is your favourite card for British Airways purchases.
That said, this card offers a wide range of rewards, such as:
- Welcome bonus of 15,000 Avios
- 35,000 Avios for spending CAD 6,000 within your initial three months of membership
- 10,000 Avios bonus following your first year
Overall, you can earn up to 60,000 bonus Avios before February 28, 2022.
RBC Cathay Pacific Visa Platinum
- Annual Fee: $120
- Purchase Rate: 20.50%
- Rewards: Up to 35,000 Asia Miles
The RBC Cathay Pacific Visa Platinum is your favourite card if you’re looking to offset the cost of your Asia flights.
That said, you can earn the following bonuses with the RBC Cathay Pacific Visa Platinum card:
- Welcome bonus of 15,000 Asia Miles
- 10,000 Asia Miles upon spending CAD 6,000 within your initial three months of membership.
- 10,000 Asia Miles upon using the card for one year.
Overall, you can get up to 35,000 Asia Miles.
Best RBC Credit Cards For Rewards
If you’re looking to maximize your credit card benefits, a reward credit card is what you need. The following are RBC’s best credit cards for rewards to consider.
RBC Rewards+ Visa
- Annual Fee: $0
- Purchase Rate: 19.99%
- Rewards: 1 point for every $1 spent on grocery, gas, and drug store. 1 point for every other $2 purchase.
The RBC Rewards+ Visa is a no-fee Visa card offering multiple reward-earning opportunities. The following are ways you can earn rewards with this card:
- Earn 1 point for every $1 spent on grocery, gas, and drug store
- Get 1 point for every other $2 purchase.
- Earn 1,500 points as a welcome bonus
- Go digital within your first 60 days and earn up to 3,500 points
That said, you can earn as many rewards points with the RBC Rewards+ Visa upon using it to make everyday purchases.
RBC Avion Visa Platinum
- Annual Fee: $120
- Purchase Rate: 19.99%
- Rewards: 1 point for every $1 eligible purchase + bonus points at eligible retailers.
Enjoy $75,016 worth of welcome bonus points in addition to 1 point for every $1 eligible purchase plus bonus points at selected retailers.
You can book a flight once with your rewards points once you accumulate a minimum of 15,000 points.
That said, this credit card offers comprehensive travel coverage, such as trip interruption and trip cancellation.
RBC Avion Visa Infinite Privilege
- Annual Fee: $399
- Purchase Rate: 19.99%
- Rewards: 1.25 points for every $1 purchase.
Enjoy exclusive privileges and luxury travel benefits in addition to 1.25 points for every dollar you spend. You can redeem your points for hotels, tours, cruises and vacation packages.
This card currently offers $75016 worth of welcome bonus points for new users.
Furthermore, this card has extensive insurance coverage, such as purchase protection and mobile device insurance up to $1,5001
That said, you must have a $200,000 minimum personal income or $200,000 minimum household income to qualify.
RBC Rewards Visa Preferred
- Annual Fee: $110
- Purchase Rate: 19.99%
- Rewards: 1 point for every $1 purchase
The RBC Rewards Visa Preferred offers 2,500 points as a welcome bonus.
In addition to 1 point for every $1 purchase, this card offers extensive insurance coverage, giving you peace of mind.
However, this card charges a $110 fee which is way higher than most best rewards credit cards in Canada.
Best RBC Credit Cards For Cash Back
Like rewards points, cashback reduces the cost of your purchases and saves you some dollars in your wallet. Unfortunately, not many cards offer competitive cash back out there. The following are RBC cashback credit cards to consider.
RBC Cash Back Preferred World Elite Mastercard
- Annual Fee: $99
- Purchase Rate: 19.99%
- Cashback Rate: 1.5% cashback on every purchase
The RBC Cash Back Preferred World Elite Mastercard offers premium benefits in addition to 1.5% unlimited cashback on every purchase.
Even though this card has a $99 annual fee and 19.99% purchase rate, you can still save some dollars from your everyday purchases.
However, you must have $80,000 minimum personal income or $150,000 minimum household income to qualify.
RBC Cash Back Mastercard
- Annual Fee: $0
- Purchase Rate: 19.99%
- Cashback Rate: 2% cashback on groceries & 1% cashback on every other purchase
As the name implies, the RBC Cash Back Mastercard is one of the best cashback credit cards out there, offering a competitive cashback rate.
In addition to 2% unlimited cashback on groceries & 1% cashback on every other purchase, this card has no annual fee.
Furthermore, RBC Cash Back Mastercard has purchase security and extended warranty protection.
RBC Business Cash Back Mastercard
- Annual Fee: $0
- Purchase Rate: 19.99%
- Rewards: 2% cashback on purchases during your first three months. 1% cashback after your first three months.
The RBC Business Cash Back Mastercard is worth considering if you’re looking for a business cash back credit card in Canada.
With no annual fee and 19.99% interest rates, you can reduce a significant part of your business purchases using this card.
Overall, this card can help your business build credit history with the purchasing power and security you need.
Best RBC Credit Cards For No Annual Fee
Using a no-fee credit card will save you dollars in the long run, whether an individual or a business. RBC is not left behind in the league of banks that offer no-fee credit cards in Canada.
RBC Visa Platinum
- Annual Fee: $0
- Purchase Rate: 19.99%
- Rewards: N/A
The RBC Visa Platinum is a no-fee Visa card with a credit limit of up to $50,000 credit limit.
In addition to no annual fee, this card offers extensive insurance coverage on:
- Emergency 24/7 travel assistance
- Emergency travel assistance
- Travel coverage
- Car protection
- Eligible purchases
RBC RateAdvantage Visa
- Annual Fee: $0
- Purchase Rate: Prime + 4.99% – 8.99%
- Rewards: N/A
The RBC RateAdvantage Visa is a no-fee and low-interest Visa card. You will enjoy a lower interest rate if you have a good credit score.
In addition, this card protects your card purchases against damage, theft, or loss with Purchase Security and Extended Warranty Insurance.
Even though this card doesn’t offer any reward, you can save more on fees and interest rates.
RBC Rewards+ Visa
- Annual Fee: $0
- Purchase Rate: 19.99%
- Rewards: 1 point for every $1 spent on grocery, gas, and drug store. 1 point for every other $2 purchase.
The RBC Rewards+ Visa is a no-fee Visa card offering multiple reward-earning opportunities. The following are ways you can earn rewards with this card:
- Earn 1 point for every $1 spent on grocery, gas, and drug store
- Get 1 point for every other $2 purchase.
- Earn 1,500 points as a welcome bonus
- Go digital within your first 60 days and earn up to 3,500 points
That said, you can earn as many rewards points with the RBC Rewards+ Visa upon using it to make everyday purchases.
Best RBC Credit Cards For Low Interest
Low-interest credit cards help you save hundreds, if not thousands of dollars, depending on your spending habits. This makes it essential to use one of the best low-interest credit cards out there. Fortunately, RBC has some of the best low-interest credit cards in Canada.
RBC Visa Classic Low Rate Option
- Annual Fee: $20
- Purchase Rate: 12.99%
- Rewards: N/A
The RBC Visa Classic Low Rate Option charge one of the lowest interest rates in Canada. This credit card charges 12.99% against the 19.99% of most credit cards.
Even though it charges an annual fee, the $20 is less compared to other credit cards that charge annual fees.
Furthermore, this card has purchase security and extended warranty insurance, protecting your card purchases.
RBC RateAdvantage Visa
- Annual Fee: $0
- Purchase Rate: Prime + 4.99% – 8.99%
- Rewards: N/A
The RBC RateAdvantage Visa is a no-fee and low-interest Visa card. You will enjoy a lower interest rate if you have a good credit score.
In addition, this card protects your card purchases against damage, theft, or loss with Purchase Security and Extended Warranty Insurance.
Even though this card doesn’t offer any reward, you can save more on fees and interest rates.
RBC Visa CreditLine for Small Business
- Annual Fee: $0
- Purchase Rate: Prime + 2.9% to 11.9%
- Rewards: 1 point for every $2 purchase
The RBC Visa CreditLine for Small Business is ideal for start-ups looking for a no-fee and low-interest credit card.
While the reward rate is comparatively low, this card will save your business hundreds of dollars in the long run in terms of annual fees and interest rates.
That aid, you can only add a maximum of 2 holders with the RBC Visa CreditLine for Small Business.
Best RBC Credit Cards For Student
Not every credit card is suitable for students. So If you’re a student looking to build or build your credit score, it’s essential to choose the best credit card. Here are the best RBC credit cards for students.
Signature RBC Rewards Visa
- Annual Fee: $39 (no fee for students)
- Purchase Rate: 19.99%
- Rewards: 1 point for every $1 purchase + bonus points for purchases at eligible retailers
The Signature RBC Rewards Visa is worthy of consideration when looking for a rewardable Visa card in Canada.
In addition to 1 point for every $1 purchase + bonus points for purchases at eligible retailers, this card offers extensive insurance to purchase security and extended warranty and car rental.
That said, you can redeem your points for travel rewards, gift cards, vouchers, or merchandise.
RBC Rewards+ Visa
- Annual Fee: $0
- Purchase Rate: 19.99%
- Rewards: 1 point for every $1 spent on grocery, gas, and drug store. 1 point for every other $2 purchase.
The RBC Rewards+ Visa is a no-fee Visa card offering multiple reward-earning opportunities. The following are ways you can earn rewards with this card:
- Earn 1 point for every $1 spent on grocery, gas, and drug store
- Get 1 point for every other $2 purchase.
- Earn 1,500 points as a welcome bonus
- Go digital within your first 60 days and earn up to 3,500 points
That said, you can earn as many rewards points with the RBC Rewards+ Visa upon using it to make everyday purchases.
RBC Cash Back Mastercard
- Annual Fee: $0
- Purchase Rate: 19.99%
- Cashback Rate: 2% cashback on groceries & 1% cashback on every other purchase
As the name implies, the RBC Cash Back Mastercard is one of the best cashback credit cards out there, offering a competitive cashback rate.
In addition to 2% unlimited cashback on groceries & 1% cashback on every other purchase, this card has no annual fee.
Furthermore, RBC Cash Back Mastercard has purchase security and extended warranty protection.
Best RBC Credit Cards For Business
Businesses looking to build a credit history and access constant cash flow needs to shop for the right credit cards. Unfortunately, it may be overwhelming to choose the right card amidst dozens of options. Thankfully, RBC offers competitive credit cards for businesses.
RBC Avion Visa Infinite Business
- Annual Fee: $175
- Purchase Rate: 19.99%
- Rewards: 1.25 points for every $1 purchase
The RBC Avion Visa Infinite Business card is ideal for business owners looking to offset a portfolio of their purchases.
This card offers 25,000 welcome bonus points in addition to 1.25 points for every $1 purchase.
With more than 1200 airport lounges, the RBC Avion Visa Infinite Business has extensive insurance, such as mobile device insurance.
RBC Avion Visa Business
- Annual Fee: $120
- Purchase Rate: 19.99%
- Rewards: 1 point for every $1 purchase
The RBC Avion Visa Business is a Visa credit card helping businesses reduce their operation cost with redeemable points.
In addition to 1 point for every $1 purchase, you will earn 20,000 points as a welcome bonus when you subscribe to this card.
That said, you can redeem your points for gift cards, travel, or merchandise.
Furthermore, this card has extensive premium insurance coverage that gives you peace of mind while spending.
RBC Business Cash Back Mastercard
- Annual Fee: $0
- Purchase Rate: 19.99%
- Cashback Rate: 2% cashback on groceries & 1% cashback on every other purchase
As the name implies, the RBC Cash Back Mastercard is one of the best cashback credit cards out there, offering a competitive cashback rate.
In addition to 2% unlimited cashback on groceries & 1% cashback on every other purchase, this card has no annual fee.
Furthermore, RBC Cash Back Mastercard has purchase security and extended warranty protection.
RBC Visa Business
- Annual Fee: $12
- Purchase Rate: 19.99%
- Rewards: N/A
The RBC Visa Business is ideal for business owners looking for a flexible low annual fee Visa card.
This card will help you build your business and your credit history while making convenient and flexible purchases.
Furthermore, you can use this card to track and manage your business expenses seamlessly.
RBC Visa CreditLine for Small Business
- Annual Fee: $0
- Purchase Rate: Prime + 2.9% to 11.9%
- Rewards: 1 point for every $2 purchase
The RBC Visa CreditLine for Small Business is ideal for start-ups looking for a no-fee and low-interest credit card.
While the reward rate is comparatively low, this card will save your business hundreds of dollars in the long run in terms of annual fees and interest rates.
That said, you can only add a maximum of 2 holders with the RBC Visa CreditLine for Small Business.
What is the Overall Best RBC Credit Card?
It’s easy to get overwhelmed on which RBC credit card to choose from the above competitive options.
As you can see from the above review, RBC has different categories of credit cards ranging from:
- Travel
- Rewards
- Cashback
- No annual fee
- Low interest
- Student
- Business
However, the interest rate, fees and rewards of each of the above credit cards vary in all categories. But you don’t have to worry.
Here’s Money Reverie’s pick of the overall best RBC Credit Cards in Canada.
You can’t make the wrong choice with any of the above editorial picks.
That said, you must meet the following requirements to qualify for any RBC credit card:
- Be a resident of Canada
- Reach the age of majority in your province or territory
- Have a good credit score
- Meet the minimum income requirements
Verdict
At first, it may seem overwhelming to decide which RBC credit card to choose. But now, you can easily choose an RBC card that suits your spending habits without a doubt.
Whatever category of RBC credit card you’re choosing, remember to select the one that will reduce the cost of your purchases and increase your savings.
Choosing a low fee and low-interest credit card will go a long way in saving you hundreds, if not thousands of dollars from your everyday purchases.
However, I recommend you read the following articles if you’re looking for more competitive credit cards.
RECOMMENDED READINGS
