RBC Royal Bank
No annual fee, competitive rates, and rewards on every purchase. Get a great Canadian credit card without yearly costs from RBC Royal Bank.
The RBC No Annual Fee Credit Card stands out for Canadians looking to maximize rewards without paying an annual fee. Cardholders have access to rewards points on groceries, gas, and dining, all on a $0 annual fee basis. The purchase rate is 20.99% and the cash advance rate is 22.99%. Some offers provide attractive welcome bonuses, like thousands of bonus points or cashback within the first few months, making the card suitable for everyday use and regular purchases with added value.
How to Apply for the RBC No Annual Fee Credit Card
Applying for this card is easy. First, ensure you meet the basic eligibility criteria, such as residency and credit score. Next, prepare your personal and financial details for the application. Then, visit RBC’s application portal and fill out the online form, following the guided steps. Submit the application and wait for a near-instant decision. If approved, you will receive your new card shortly and can start earning rewards right away.
Key Advantages
This credit card does not require any annual fee, making it very affordable for users who want to avoid yearly costs. You can earn rewards on everyday spending with every dollar you spend, such as on groceries, dining, and gas. There are also timely welcome bonuses available for new cardholders, further maximizing the value in the first few months. Perks like purchase security and extended warranty benefits offer additional peace of mind for shopping.
Possible Drawbacks
Despite the benefits, there are some downsides to consider. The interest rate for purchases and cash advances is slightly above average, so carrying a balance may become costly. Moreover, while rewards are good, premium cards with an annual fee may provide more comprehensive perks or higher earn rates for heavy spenders.
Final Verdict
The RBC No Annual Fee Credit Card is well-suited for Canadians seeking rewards without added annual costs. It strikes a strong balance of savings, flexibility, and ease of use. New cardholders benefit from valuable welcome offers and practical insurance coverage. While the interest rates are standard, the card’s $0 annual fee and rewards structure make it highly appealing for everyday users wanting to keep costs low.
