Low Interest Rate Credit Cards in Canada

How do low interest credit cards work?

Carrying a balance on your credit card can be expensive. That's where fixed low interest rates credit cards come in. A low interest rate can significantly reduce the interest you pay on outstanding balances, helping save you money.

Promotional rates are temporary low interest offers that typically last for a specific period, and can carry a higher balance transfer fee. After this introductory period, the interest rate reverts to the card's standard rate, which is usually higher.

What’s the difference between rates?

This credit card has a fixed interest rate, which offers predictability and stability. This is a great card for those who value consistency and the ability to budget their expenses.

Variable interest rates fluctuate and may increase over time with movements in prime rates.

What else does the card offer?

Along with a low, fixed interest rate, RBC Visa credit card holders get access to additional benefits like savings and deals at Petro-Canada, Rexall and DoorDash.

Purchase Security and Extended Warranties help your purchases against damage or theft and extend manufacturer warranties for added peace of mind.

Plus, enjoy simple, secure, anytime banking with 24-hour support through RBC Royal Bank Online Banking.