RBC Royal Bank
RBC offers no annual fee credit cards with up to 11,000 Avion points. Earn rewards on groceries, gas, dining, and more – all at a competitive 20.99% rate.
RBC’s line of no annual fee credit cards stands out for Canadians seeking value and convenience, offering rewards on daily spending without yearly costs. The RBC ION Visa and other cards in this category feature a purchase rate of 20.99% and a cash advance rate of 22.99%. With credit limits based on your eligibility and credit profile, conditions vary, making it accessible for many applicants. New users can benefit from special offers like up to 11,000 Avion points, translating to substantial value on gift cards or travel.
Step-by-Step: How to Apply
Applying for an RBC no annual fee credit card is straightforward. Start by selecting your preferred card by visiting RBC’s official website. Review all eligibility requirements and prepare your personal and financial details for the application process. Fill out and submit the online application. You may get a decision within minutes. If approved, your new card will be sent to your address for activation and use.
Pros of RBC No Annual Fee Credit Cards
The standout advantage is earning rewards on spending categories like groceries, gas, and more – all with no annual fee. This can make these cards ideal for budget-conscious users or anyone completely new to credit.
Additional perks found on select cards include purchase security, extended warranty, and insurance for peace of mind. Cardholders may also benefit from bonus offers, partner merchant deals, and mobile device protection in certain cases.
Cons to Consider
Although there is no annual fee, the interest rates for purchases (20.99%) and cash advances (22.99%) are fairly standard and can be costly if balances aren’t paid in full.
Rewards rates and bonus categories differ per card and may not suit all spending habits. Advanced benefits may be limited compared to premium annual-fee credit cards, so travellers or big spenders might seek other options.
Our Verdict
RBC’s suite of no annual fee credit cards is a strong pick for Canadians wanting to earn rewards without annual costs. While interest rates are typical, the upfront value and flexible earning make these cards worth considering for everyday use. Evaluate your financial habits and needs to ensure the fit is right for you.
