Why Do People Prefer Credit Cards from RBC? You Can’t Miss Them in 2024!
Gone are the days when each swipe of credit cards felt like a step closer to ‘debt’! Though they have become the need of the hour today, some people are still reluctant to have one. That’s all due to high-interest rates and fear of overspending!
But what if you know that you’ll also get attractive rewards when you purchase something from your credit card? Sounds interesting, doesn’t it?
That’s where the Credit Cards from RBC (Royal Bank of Canada) come into the picture! These cards are a highly popular way to pay for purchases in Canada.
With over 17 million clients across the globe, the RBC bank allows its customers to harness the potential of their everyday purchases. In the year 2023, the credit card purchase volumes for personal banking in Canada reached $ 174,200 from $ 162,200 in 2022.
Considering such promising facts, it’s not hard to believe how mainstream these cards have become in everyday lives of Canadians!
Let’s explore the strong reasons to choose an RBC credit card. But before that, let’s dive into its types.
What are the Types of Credit Cards from RBC?
Each of the following credit cards from RBC comes with its unique traits. Let’s have a look at them!
- Travel Credit Cards: These cards are specifically designed for frequent travelers. It offers benefits like travel insurance, luxurious airport lounge access, and security fast track lanes, to name a few.
- Rewards Credit Cards: By using these cards, customers can earn RBC reward points, like welcome points. These points can be redeemed for traveling, purchasing gifts, subscriptions, and more.
- Cash Back Credit Cards: This credit card from RBC offers cashback services once you make an eligible purchase. The amount of cashback can range anywhere from 1% to unlimited.
- No Annual Fee Credit Cards: They are suitable for customers who are reluctant to pay annual fees. Thus, they can enjoy the benefits without any worry of tightened pockets.
- Low-Interest Credit Card: In credit cards, the interest rate becomes too hefty for customers. But, with RBC’s low-interest credit cards, you can purchase things and maintain your card balance without much burden.
- Student Credit Card: RBC also provides credit cards tailored specifically for students. They feature no annual fees, offer traveling discounts, unlimited cashback, lower purchase rates, and more.
- Business Credit Card: As the name suggests, they are for business owners and offer various features, such as premium insurance, no blackout periods, anytime and anywhere ATM access, and so on.
What Makes Credit Cards of RBC Stand Apart from Others?
Here are some of the common features and benefits of credit cards from RBC that make them a preferable choice among most Canadians:
- Exciting Rewards: From reward points and cashback to travel rewards and welcome bonuses, RBC credit cards offer an exciting range of rewards. For instance, the Avion Visa Infinite credit card from RBC can offer up to 35,000 Avion points, which is a travel value of up to $750.
Most RBC credit cards allow their users to earn 1 Avion point for every dollar they spend. And these points can be redeemed to use in traveling, purchasing gifts, and more, as already stated above.
- Wide Range of Interest Rates: These cards also offer a wide range of interest rates that vary according to the type of card you possess. Typically, the cards with higher interests range from 12.99% to 22.99%, whereas those with lower interests range from 2.99% to 11.99%. Such a variety allows customers to choose the cards with an interest rate that’s more comfortable for them.
Here’s the table showcasing the range of interest rates!
| Category | Purchase Interest Rates | Cash Advances/Cheques Interest Rates |
| Travel Rewards | 20.99%/20.50% | 22.99% |
| Everyday Rewards | 20.99%/20.990% | 21.99%/22.99%/22.990% |
| Everyday Savings | Lowest: 4.99% – 8.99% Highest: 12.99% – 20.99% | 12.99% – 22.99% |
| Basic Benefits | 20.99% | 22.99% |
| Business Cards | Lowest: 2.9% – 11.9% Highest: 11.99% – 19.99% | 22.99% |
| Commercial Cards | 19.99% | 22.99% |
- 7 Specialized Cards Categories: The bank recognizes the fact that every individual has unique needs and preferences. Keeping that in mind, it offers a variety of 7 credit cards (as mentioned in the table above), specifically tailored to cater to different individual needs.
Let’s take an example of Cashback Mastercard falling under the category of Student Credit Card from RBC. There are no annual fees, which makes it particularly beneficial for students who often have limited income issues.
Moreover, the card also offers cashback services with up to 2% back on groceries and 1% back on other qualified purchases.
- Multiple Payment Options: RBC credit cards also offer multiple payment options, so that customers can enjoy the flexibility to choose how they pay. The users can make their credit card payments through any of the following means:
- By phone
- By mail
- At an RBC ATM
- In person at an RBC branch office
- RBC online banking
- RBC mobile app
- Automatic payments through online banking, mobile app, and phone
- Dedicated Credit Card-Related Services and Support: Purchasing a credit card from RBC allows you to access dedicated credit-card-related services and support in case of any of your inquiries and needs.
If you go to the homepage of RBC, you’ll find a separate tab on the top of the page named ‘Credit Cards’. When you click on it, you’ll see all the services and support provided by the website.
Moreover, in case your credit card is lost, or stolen or you’ve become a victim of credit card fraud, you just need to call 1-800-769-2512. The company’s customer executive team will assist you with the same!
- Additional Benefits: Some of the RBC credit cards come with additional benefits, including RBC Road Assist, Identity Theft & Credit Protection, Travel Insurance, and BalanceProtector Insurance.
These extra perks can be purchased with an extra amount of money. They are very effective in enhancing the overall experience of the card users.
Credit Cards from RBC – The Conclusion Points
To sum up, the credit cards from RBC have become a preferred choice amongst Canadians due to a combination of various factors. From offering amazing rewards to dedicated credit card-related services and support, these cards are an ideal companion for credit-seekers.
So, no matter what kind of product or service you wish to purchase, they lend you a helping hand in achieving your purchasing dreams!
