Compare these two credit cards side-by-side to see which one offers better value for your spending habits.
When it comes to choosing the perfect credit card, you need clarity, precision, and insights you can trust. That's why Dollarwise rigorously evaluates every card across seven critical factors, ensuring you get a detailed and actionable review.
Below you'll find a table which shows you the estimated reward each card will earn, as well as the ratings we gave the cards for each category. We compared the cards based on their perks, fees, approval rate, insurance, acceptance by merchants, interest rates and the rewards you'll earn. Each score is out of a maximum of 5.
Compare the basic details and eligibility requirements for each card to see which one you qualify for.
We estimate that spending $2,000 per month with the RBC Visa Classic Low Rate Option would earn $0 in rewards over the year and with the RBC Visa Platinum you would earn $0 in rewards.
When you spend using the RBC Visa Classic Low Rate Option you will earn points called .
When you spend using the RBC Visa Platinum you will earn points called .
We can also compare the RBC Visa Classic Low Rate Option vs RBC Visa Platinum based on the amount earned in each spend category:
First, let's look at the actual reward structure for each card:
We can also compare the RBC Visa Classic Low Rate Option vs RBC Visa Platinum based on the "earn rate", which shows in percentage terms how much you'll get back on your spend.
When it comes to fees, the RBC Visa Platinum is better than the RBC Visa Classic Low Rate Option.
The RBC Visa Platinum charges an annual fee of $0, which is $20 less than the $20 annual fee for the RBC Visa Classic Low Rate Option. So, if annual fees are important to you, then the RBC Visa Platinum is the better choice.
Neither RBC Visa Classic Low Rate Option nor RBC Visa Platinum provides airline-specific travel perks like lounge access, priority boarding, expedited security, or a complimentary checked bag.
Neither card offers concierge service.
Neither card provides elite status acceleration. If climbing loyalty tiers is important to you, you might consider other options.
The RBC Visa Classic Low Rate Option has better interest rates overall than the RBC Visa Platinum.
The RBC Visa Classic Low Rate Option charges 12.99 on your credit balance for purchases, which is different from the interest rate on the RBC Visa Platinum.
It's worth noting that the RBC Visa Classic Low Rate Option has an interest rate of 12.99 on any balance you transfer to this card from another credit card. That rate is lower than the 22.99 that is charged on the RBC Visa Platinum. If you expect to transfer a balance to this card then the RBC Visa Classic Low Rate Option might save you a lot of money.
The RBC Visa Platinum gives you more insurance than the RBC Visa Classic Low Rate Option.
The RBC Visa Platinum includes 6 types of insurance, whereas the RBC Visa Classic Low Rate Option only gives you 2. In comparison, the average credit card gives you 5 types of insurance. So, if insurance is important to you, then the RBC Visa Platinum is the better choice.
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The RBC Visa Classic Low Rate Option is often compared against other similar cards in the market. We've also compared it against various other options to help you make the best choice.
The RBC Visa Platinum is often compared with other premium cards in its category. We've also compared it against other cards to give you comprehensive insights.