RBC Visa Business Card review
- Welcome Offer
- N/A
- Rewards
- N/A
- Annual Fee
- $12
- Purchase Interest Rate
- 19.99%
- Cash Advance Rate
- 22.99%
Summary
Consolidate your spending and build your credit history with this low-fee business cardYou won’t earn any rewards with this card, but you’ll get basic insurance coverage and discounts at your favourite stores for a low annual fee
The RBC Visa Business Card is a no-frills credit card that lets you track and manage your business expenses. You won’t earn any rewards with this card, but you’ll get basic insurance coverage and discounts at your favourite stores for a low annual fee.
30-second take
- Think about this card if you own a small business and want to pay a low annual fee.
- Choose something else if you want to earn rewards or get comprehensive benefits.
- There’s no minimum annual income listed to qualify for this card.
The basics
If you’re looking for a no-frills card to track and manage your business expenses, then you might like to check out the RBC Visa Business Card.
- Low annual fee. Pay a low annual fee of $12 to keep your card active.
- Fuel discounts. Save 3 cents per litre on fuel and get 20% more Petro-Points when you spend money at Petro Canada.
- Purchase assurance. Relax knowing that the purchases you make with your card are protected against loss, theft or damage for up to 90 days
. - Extended warranty coverage. Get double the manufacturer’s warranty on items you buy with your card, up to a maximum of five years
The perks
- Optional travel medical insurance. Pay an additional fee to get coverage for medical emergencies when you travel abroad.
- Special offers. Sign in with your business account to get discounts on purchases from popular brands and retailers.
- Zero liability insurance. Avoid paying for fraudulent charges on your card with zero liability insurance.
- Credit card lock. Lock your card temporarily at any time by signing into the RBC Mobile app.
- Security features. Protect your purchases with special features like instant alerts, 24/7 fraud monitoring and PIN-protected cards.
What to watch out for
- High interest. You’ll have to pay 19.99% interest on any outstanding balance you carry along with 22.99% for cash advances.
- No rewards. You won’t earn any points or cashback for spending money on your business.
- Fee for additional cards. You’ll need to pay an annual fee of $12 for every extra card you add to your account.
- Must be an RBC client. You can only link your credit card to your Petro Canada membership if you hold an RBC client card or credit card.
RBC Visa Business Card interest rates
| Interest Type | Interest Rate |
|---|---|
| Purchase interest rate | 19.99% |
| Cash advance rate | 22.99% |
What should I know before I apply
How to apply
- Head to the RBC website to begin your application.
- Complete the application, which includes providing your name, email address, social insurance number and birth date.
- Review and submit your application.
Bottom line
If you want to consolidate your business expenses into one easy payment, then you might like to check out the RBC Visa Business Card. This card gives you basic insurance coverage and optional travel medical for a low annual fee.
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