RBC Credit Card

RBC Bank is the name of the stateside division of the Royal Bank of Canada.

Headquartered in North Carolina, the bank mainly caters to the Southeastern regions of the United States. Part of its services is the issuance and management of credit cards. RBC actually offers two types of credit cards to its clients: the RBC Visa Platinum Rewards and the RBC Visa Platinum Rewards Plus Card.

Standard features of each RBC credit card include complimentary additional cards (upon request), free online banking, balance transfers, convenience checks, and special discounts on certain products. Being from Visa, an RBC credit card can also be used worldwide, anywhere where Visa is accepted.

The most attractive feature of an RBC credit card is the Visa Rewards program attached to it. A Visa Platinum Rewards card holder can earn 1 point for every $1 spent on purchases. As a welcome gift, RBC is giving 500 welcome bonus points to new Platinum Rewards card holders. The RBC Visa Platinum Rewards Plus Card, on the other hand, gives 1.5 points for every $1 spent. New RBC credit card holders are also rewarded with 1000 welcome bonus points. Each RBC credit card also offers a warranty service, visa assistance, travel and emergency assistance, roadside assistance, emergency card replacement or cash disbursement, travel accident and auto rental insurance, and a free year-end statement.

In terms of interest rates and charges, both RBC Visa Platinum Rewards cards charge the same fees. Any RBC credit card holder will have to pay for a purchase and balance transfer APR of 2.9% for the first six billing cycles. After this, the APR for both features will revert back to a range of 9.99% to 18.24% depending on the RBC credit card holder’s credit worthiness. For cash advances, the APR remains a stable 19.99%. However, when bills for an RBC credit card gets ignored, a penalty APR that is the higher of 28.99% annually will be drawn.

Other fees for the RBC credit card include a minimum interest charge of $1; a balance transfer fee of 3% of the amount or $10 (whichever is greater); a cash advance fee of or 3.5% of the amount or $5 (whichever is greater); and, a foreign transaction fee of 3% of the amount in US currency. RBC credit card holders who missed their due dates will incur a late payment fee of $19 for balances less than or equal to $100; $29 for balances between $100 and $250; and, $35 for balances bigger than $250. A fee of $35 will also be charged for returned payments. The only difference between the Rewards and the Rewards Plus Visa is the annual fee. RBC’s Visa Platinum Rewards card does not charge any annual fee. The Visa Platinum Rewards Plus card, on the other hand, requires $55 annually.

To apply for any RBC credit card, you’ll need to be 18 years old and have at least a good credit rating.


Source: Credit Cards For People With Bad Credit Rating

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