The RBC Visa Classic Low Rate lets holders save on interest with a low interest rate on purchases, balance transfers and cash advances.  The annual interest rates on all three categories are at 11.90%, which is competitively low for the annual fee of $20. Although this card does not offer rewards, you can save money on fuel at Petro-Canada and get personalized offers with RBC Offers, as well as purchase assurance and extended warranty, which is more than can be expected for a low-interest card at this annual fee. If you tend to carry a balance on your card or are looking to get rid of credit card debt, this is definitely a card to consider.

As per our rating system, this card scored 0/25 on rewards, 22/25 on interest rates and balance transfers, 9/25 on perks and insurance, and 24/25 on annual fees. Therefore, the total smart score of this card is 55/100.