Skip to main content
Interest rate

The interest rate is measured as a percentage and usually expressed as an annual percentage rate. RBC Royal Bank offers a host of RBC Royal Bank credit cards with varying interest rates, benefits and rewards to suit every lifestyle. Compare interest rates with our Credit Card Comparison Tool.

Minimum Payment

The Minimum Payment is the minimum amount you must pay each month, and it is calculated as described in your RBC Royal Bank Credit Card Agreement (or, if you have an RBC RateAdvantage Visa, your RBC RateAdvantage Visa Agreement). Your Minimum Payment amount will appear on your monthly statement in the box marked “Minimum Payment”. You must make the Minimum Payment each month, by the Payment Due Date, in order to keep your Account in good standing, to maintain a good credit rating, and to avoid certain consequences that may apply to your Account as a result of failing to make the Minimum Payment by the Payment Due Date one or more times. For additional details, refer to your credit card agreement, which can be found here.

Annual fees and service fees

Depending upon the level of benefits, rewards and money-saving insurance coverages associated with each card, some RBC Royal Bank credit cards have annual fees-a once yearly charge for ownership-while others do not. In addition, certain charges apply for services such as cash advances, dishonoured cheques, statement copy fees and more. For a complete list of the annual fees and service charges associated with each card, please consult your Cardholder Agreement.

Grace period

The grace period is the number of days you have to pay your bill before interest is accrued on your purchases, providing you do not have a revolving balance. There is no grace period for cash advances. View the grace periods associated with each card.

Outstanding balance

The amount owing on your RBC Royal Bank credit card once a payment has been made, is the outstanding balance.

Cash advance

You can use your RBC Royal Bank credit card to obtain cash at any ATM or for RBC credit cards, at an RBC Royal Bank Branch. Interest is charged on cash advances from the time the cash advance is made. To view the current interest rate for cash advances, refer to your Cardholder Agreement for details.

Credit limit

Your monthly RBC Royal Bank credit card statement shows your credit limit. This is the maximum amount that can be charged to your RBC Royal Bank credit card to cover purchases, cash advances, interest, service fees and other charges. You may use your RBC Royal Bank credit card up to this amount. As the charges on your RBC Royal Bank credit card increase or decrease, the amount of credit available to you goes up and down. To increase or decrease your credit limit, simply call 1-800-769-2512.

Apply Now

Protecting your credit card balance with BalanceProtector Premiere® coverage is easy, and the application only takes a few minutes to complete.

Learn More