A recent RBC poll found that Canadians prefer to collect cash back rewards to any other type of rewards. To help meet the needs of Canadians, today I will discuss the benefits of using the RBC Visa Cash Back Card.
The RBC Visa Cash Back Card is a great credit card for anyone who looks to collect cash back rewards.
How much cash back do you earn?
On qualifying purchases, you will earn 1% cash back, which includes when you arrange for pre-authorized payments on your cash back account. This means for every $100 you spend, you earn $1.00.
You are able to earn an additional 5% cash back on grocery store purchases. As it stands, this is a promotional offer, and will only last till December 31st, 2010.
What bonuses do you earn?
As I mentioned before, you get a promotional rate of 5% on grocery store purchases; aside from this promotion you are able to earn up to $25 in cash back bonus when you use RBC’s CustomSwitch to assist you with transferring your existing pre-authorized payments or to set up new pre-authorized payments to your cash back account. For every new pre-authorized payment you set up or transfer to you cash back account, you earn $5, up to a maximum of 5 pre-authorized payments.
The final promotion currently available not having to pay an annual fee for an entire year once you apply for the RBC Visa Cash Back Card by December 31st, 2010.
What additional benefits are available?
With the RBC Visa Cash Back Card you have Purchase Security and Extended Warranty Protection, which increases the warranty of eligible products by another year. Purchases are also protected from any direct accidental physical loss or damage to personal property for 90 days from the date of purchase. The maximum amount of coverage is $50,000, or the equivalent number of RBC Rewards points.
Other benefits include chop and pin technology for enhanced security and zero liability, which means you are not held liable for fraudulent charges provided you have taken the necessary precautions to protect your credit card.
The RBC Visa Cash Back Card also includes Visa payWave, which adds speed, and convenience when paying for small purchases.
The interest rate for this credit card is 19.99%, and the annual fee is $19 however if you do apply by December 31st, 2010 you are able to get the fee waived.
If you are interested in applying for the RBC Visa Cash Back Card, click here.