Laurentian Bank Reduced Rate Visa* Card

Pros & Cons

Pros

+Welcome Bonus: $40

Cons

–Foreign Transaction Fee (2.5%)
–No purchase protection

Our Review

The Laurentian Bank Reduced Rate Visa Card is a low-interest card designed for people who sometimes carry a balance and want to limit the interest they pay. It also offers a rewards points program.

You can earn bonus points when you open the account (for example on a first purchase, setting up a pre-authorized payment or referring a friend or family member) and transfer a balance from another card at a rate of 0.99% for six months. The annual fee is $30.

The annual interest rate is 12.49% on purchases and cash advances. A 2.5% foreign transaction fee applies to purchases made in a foreign currency.

Interest Rates

Purchase Rate
12.49%
Cash Advance
12.49%
Balance transfer rate
12.49%
Balance Transfer Promo
Intro period: 6
0.99%
Foreign Transaction Fee
2.5%

Terms & Conditions

Card Features

Load up on bonus points

Here is how you can earn bonus points:

1,000 bonus points, worth $10, when you make your first purchase within the first three months;
1,000 bonus points, worth $10, when you set up a pre-authorized payment within the first three months;
2,000 bonus points, worth $20, for each friend or family member you refer.

Transfer and save

Transfer the balance from another credit card and benefit from an interest rate of 0.99% for six months.