RBC Royal Bank
RBC offers a variety of no annual fee cards with welcome bonuses, purchase security, and rates from 20.99% for purchases. No yearly fee and flexible rewards!
RBC’s No Annual Fee Credit Cards are designed for Canadians wanting maximum value with no yearly cost. Enjoy up to 7,000 Avion welcome points or up to 7% cashback on select cards. Purchase rates start at 20.99%, and cash advances have a 22.99% rate. These cards are ideal for everyday spending like groceries, gas, and dining. Welcome offers and rewards are easy to redeem, including gift cards and partner programs.
How to Apply: Step-by-Step
- Visit RBC’s no annual fee credit card application page
- Click “Apply Now” on your card of choice
- Fill in your personal and financial information
- Review the terms, then submit
- Get a decision in less than a minute once all details are provided
Key Pros
One major advantage is the absence of annual fees, making these cards a low-commitment option. Cardholders enjoy generous welcome bonuses and can earn rewards or cashback on everyday purchases.
The cards also feature purchase security and extended warranty coverage, providing additional peace of mind for shoppers looking for extra protection at no extra cost.
Key Cons
Interest rates on purchases and cash advances can be higher than typical for premium cards. There are fewer high-end perks and travel benefits compared to annual fee cards.
Additionally, some cards have category restrictions for earning maximum rewards, so not all purchases may earn the highest rate possible.
Verdict
RBC’s no annual fee credit cards are a solid choice for those just starting out or anyone wishing to avoid ongoing fees. They provide good rewards, ease of use, and practical insurance options—excellent for everyday Canadians seeking value.
