Running a small business comes with daily financial decisions that can shape your company’s future. From covering unexpected costs to taking advantage of growth opportunities, having flexible access to credit can make all the difference. That’s where the RBC Visa CreditLine for Small Business steps in – combining the convenience of a credit card with the strength of a line of credit.
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This card isn’t just about spending – it’s designed to empower entrepreneurs with low rates, valuable rewards, and practical tools for managing finances. Whether you’re launching a startup or running an established business, this product from the Royal Bank of Canada might be the right tool to help you stay in control and move forward with confidence.
Essential details of the RBC Visa CreditLine for Small Business
At its core, the RBC Visa CreditLine for Small Business is more than just a credit card – it’s a powerful financial resource. It offers business owners access to an unsecured line of credit, providing the freedom to borrow and spend as needed, without tying up personal or business assets as collateral. The interest rate is competitive, ranging from Prime + 2.9% to 11.9%, making it an affordable way to finance business expenses over time.
What’s even more appealing is that the card comes with no annual fee – a rare advantage in the world of business credit cards. You can also request one additional card, bringing the total to two cards per company, at no extra cost. This makes it ideal for business owners who want to keep the account exclusive and manageable, especially in smaller operations.
Qualification requirements
To apply for the RBC Visa CreditLine for Small Business, you’ll need to meet a few baseline requirements. The card is geared specifically toward business owners, so you’ll need to provide details about your company, such as its legal name, industry, and structure (e.g., sole proprietorship, partnership, corporation). You must also indicate the number of employees – the card is suitable for businesses with less than or more than 10 employees, offering flexibility for companies of various sizes.
Applicants should be ready to share their business and personal financial details, including credit history and income documentation. Although the card is unsecured, RBC may still assess creditworthiness to determine the applicable interest rate and overall approval. It is important to be prepared with relevant documents, such as business registration papers, recent tax returns, and banking information.
Benefits and advantages
The RBC Visa CreditLine for Small Business offers a variety of benefits that cater specifically to the needs of business owners. Here are some of the most compelling features:
- No annual fee
Unlike many business credit cards, this one comes with no annual cost, helping you preserve your cash flow and reduce operating expenses. - Competitive interest rates
With rates starting as low as Prime + 2.9%, this card offers affordable financing for your business – whether you’re covering short-term expenses or managing ongoing projects. - Avion Rewards points
Earn 1 point for every $2 spent, and use your points for travel, merchandise, gift cards, or even business investments and financial rewards. - Flexible redemption options
Your Avion Points can be redeemed for merchandise through Apple and Best Buy, gift cards to popular retailers, or travel experiences via the Orbitz-powered online booking tool. - Fuel savings at Petro-Canada
When you link your card, you save 3¢ per litre at Petro-Canada and earn 20% more Petro-Points and Avion Points, making it easier to manage fuel costs for your business vehicles. - Free DoorDash DashPass for 3 months
Enjoy $0 delivery fees for 3 months when you link your RBC card to DoorDash and subscribe to DashPass, perfect for business lunches or team dinners. - Expense tracking and management
By using a dedicated business credit card, you can clearly separate personal and business expenses, making tax time easier and helping you identify deductible purchases. - Purchase security and extended warranty
Eligible purchases are protected against loss, theft, or damage for up to 90 days, and warranties can be extended by up to one additional year. - Credit card lock
This security feature allows you to temporarily lock your card online in case it is misplaced, adding an extra layer of protection. - Online account management
Easily manage your credit card, view transactions, and make payments online with RBC’s secure business banking tools.
One standout advantage is the combination of an unsecured line of credit with reward points, which is rare in business credit cards. You get both access to funds and incentives to use them wisely, making it a well-rounded solution.
How to apply
Applying for the RBC Visa CreditLine for Small Business is a straightforward process, designed to help business owners get access to credit quickly. The first step is to visit the RBC Business Banking website or contact their 24/7 Business Helpline at 1-800-769-2520. Here, you can speak with a business advisor who will guide you through the application process based on your company’s specific needs.
During the application, you’ll be asked to provide details about your business, including its structure, number of employees, and financial profile. You may be required to submit documents such as your business registration, bank statements, or tax returns to help RBC evaluate your eligibility.
If you prefer an in-person experience, you can locate a nearby branch and schedule a meeting with a business banking specialist. RBC’s nationwide branch network makes it easy for entrepreneurs to get face-to-face advice and support.
Once your application is submitted, RBC will review your information and, if approved, provide you with your new credit card and access to your credit line. From there, you can immediately start using the card for everyday business purchases and earn rewards on every transaction.
Final thoughts
The RBC Visa CreditLine for Small Business is a thoughtfully designed product that blends credit access, rewards, and essential business tools. With no annual fee, competitive rates, and a strong rewards program, it stands out in a crowded market of business credit options.
Entrepreneurs who need a reliable line of credit without tying up collateral will find this card particularly appealing. And with features like fuel savings, purchase protection, and detailed expense tracking, it provides both financial flexibility and peace of mind. Whether you’re focused on growth, efficiency, or simply building smarter habits, this RBC credit card can support your journey.
