RBC · Visa
Business card
$12 a year per card, no rewards, and a 19.99% rate. RBC calls it no frills and that is accurate.
Rates and features verified 2026-08-18Full terms and conditionsHow we research cards
What we like, and what we don’t
Worth having
- Only $12 a year, so the cost of separating business from personal spending is trivial
- 3 cents a litre off fuel and 20% more Petro-Points through the Petro-Canada link
- RBC places liability on the business rather than publishing an owner guarantee requirement
- Simple, with no programme to learn
Watch out for
- It earns no rewards at all
- The $12 fee is per card, so ten employee cards cost $120 a year
- A 19.99% purchase rate with nothing to show for it
- No travel insurance and no purchase protection published
- It is not a no fee card and should not be filtered as one
What this card earns
- What we value a point at
- Not published by the issuer
The earning fine print
No rewards programme. RBC positions this as 'a no-frills business credit card solution'. The only earning-adjacent benefit is the Petro-Canada link: 3 cents per litre off fuel and 20% more Petro-Points.
What the offer actually requires
No welcome bonus. New cardholders receive a 3-month complimentary DoorDash DashPass subscription ($0 delivery fees on orders of $15 or more).
Fees and interest rates
- Annual fee
- $12
- Employee card
- $12
- Employee cards included
- None
- Foreign transaction fee
- 2.5%
- Purchase APR
- 19.99%
- Cash advance APR
- 22.99%
- Balance transfer APR
- 22.99%
Who can get this card
- Personal guarantee required
- No you are personally liable for the balance
Insurance and benefits
- Purchase protection
- Included
- Extended warranty
- Included
What the benefits really mean
90-day Purchase Security; Extended Warranty doubling the manufacturer's warranty up to a maximum of 5 years. Visa Zero Liability, chip and PIN. No travel insurance of any kind. RBC's Business Credit Card Agreement fee schedule confirms $12 first card and $12 per additional card, a 2.5% foreign currency markup, and cash advance fees of $3.50 in Canada / $5.00 outside Canada. The $12 annual fee is real, not a typo, and it applies per card. So it is NOT a no-fee card and must not be filtered as one. Ten employee cards cost $120 a year. PERSONAL GUARANTEE: liability sits with the Applicant business per RBC's agreement; RBC publishes no owner guarantee requirement. Recorded false but unconfirmed at underwriting. No rewards, no travel insurance, and a standard 19.99% purchase rate. The low fee buys almost nothing beyond expense separation and the Petro-Canada link.
Our verdict
There is a real use for this. A sole trader who just needs business spending on a separate statement, and who clears the balance every month, is paying $12 a year for exactly that and nothing more. The Petro-Canada fuel discount is a small bonus.
For anything else it is hard to justify. Scotiabank and TD both offer genuinely free business cards, and Scotiabank's pays 1% on everything. The $12 is also per card rather than per account, so it scales with your team in a way a no fee card does not. Use it as an accounting tool, not as a credit card.
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Where this came from. rbcroyalbank.com/../visa-business.html (fees, rates, benefits); rbcroyalbank.com/business/credit-cards/index.html (lineup, $12/year); RBC Royal Bank Business Credit Card Agreement PDF (fee schedule, 2.5% FX, liability). Verified 18 Aug 2026.. We take every figure from the issuer’s own pages, never from another comparison site, and we leave a field blank rather than guess at it.