Pros & Cons
Pros
—
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 by 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 balance transfers, and 13.99% on cash advances. A 2.5% foreign transaction fee applies to purchases made in a foreign currency.
Fees and interest rates
- Annual Fee$30
- Additional card fee$0
- Foreign currency conversion fee2.5%
- Purchase Rate12.49%
- Balance transfer rate12.49%
- Cash advance rate13.99%
- Balance Transfer Promo0.99%
Intro period: 6 months
Terms & Conditions
Card Features
Load up on bonus points
Here is how you can earn bonus points:
- 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.
Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Protegez-Vous may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 Laurentian Bank. All trademarks are property of their respective owners.
