Gold Royal Trust Credit Card Review: Benefits, Rewards, and More

The Gold Royal Trust Credit Card is a popular choice for people with good or excellent credit. It offers a variety of benefits, including a generous rewards program, low interest rates, and no annual fee.

Royal Trust Credit Card

Benefits:

Rewards program:

The Gold Royal Trust Credit Card offers a rewards program that allows you to earn points for every dollar you spend on eligible purchases. You can redeem your points for travel, statement credits, merchandise, and more.

Interest rate:

The Gold Royal Trust Credit Card has a low interest rate, which can save you money if you carry a balance on your card.

No annual fee:

The Gold Royal Trust Credit Card has no annual fee, which means you can keep more of your money.

Features:

Fraud protection:

The Gold Royal Trust Credit Card offers fraud protection to help protect you from unauthorized charges.

Travel benefits:

The Gold Royal Trust Credit Card offers a variety of travel benefits, such as travel insurance and lost luggage reimbursement.

Purchase protection:

The Gold Royal Trust Credit Card offers purchase protection to help protect you from damaged or stolen purchases.

Who Owns Gold Royal Trust Credit Card?

The Gold Royal Trust Credit Card is owned and issued by the Royal Bank of Canada (RBC). RBC is one of the largest banks in Canada and also has a significant presence in the United States. The Gold Royal Trust Credit Card is available to residents of the United States who meet the eligibility requirements.

RBC is a publicly traded company, which means that its ownership is shared among its shareholders. As of October 2023, RBC’s largest shareholders include the following:

  • Government of Canada Pension Investment Board (CPPIB)
  • BlackRock Inc.
  • State Street Corporation
  • The Vanguard Group,┬áInc.
  • Norges Bank Investment Management

These shareholders collectively own over 50% of RBC’s outstanding shares.

Comparison Of Royal Trust Credit cards with other cards

Feature Gold Royal Trust Credit Card Other credit cards
Rewards Program Earn 1 point for every dollar spent on eligible purchases. Redeem points for travel, statement credits, merchandise, and more. Varies depending on the card. Some cards offer rewards programs that are more generous than others.
Interest rate Variable APR of 14.99% – 24.99%. Varies depending on the card. Some cards have lower interest rates than the Gold Royal Trust Credit Card, while others have higher interest rates.
Annual fee None Some cards have annual fees, while others do not.
Other features Fraud protection, travel benefits, purchase protection Varies depending on the card. Some cards offer additional features, such as extended warranties and return protection.

Overall, the Gold Royal Trust Credit Card is a good choice for people with good or excellent credit who are looking for a credit card with a generous rewards program, low interest rate, and no annual fee.

How to apply for the Gold Royal Trust Credit Card?

To apply for the Gold Royal Trust Credit Card, you can visit the issuer’s website or call their customer service line. You will need to provide your personal information, such as your name, address, and Social Security number. You will also need to provide information about your income and employment.

Once you have submitted your application, the issuer will review your information and make a decision. If you are approved, you will receive your credit card in the mail within 7-10 business days.

Who Can Get a Gold Royal Trust Credit Card?

To be eligible for the Gold Royal Trust Credit Card, you must:

  • Be at least 18 years old
  • Be a US citizen or permanent resident
  • Have a valid Social Security number
  • Have a good or excellent credit score

The issuer may also consider other factors, such as your income and employment history, when making a decision on your application.

Is Gold Royal Trust Credit Card Worth it for students?

Whether or not the Gold Royal Trust Credit Card is worth it for students depends on your individual needs and spending habits. Here are some things to consider:

Rewards program:

The Gold Royal Trust Credit Card offers a rewards program that allows you to earn points for every dollar you spend on eligible purchases. You can redeem your points for travel, statement credits, merchandise, and more. If you are a student who travels frequently or likes to shop online, the rewards program can be a valuable benefit.

Interest rate:

The Gold Royal Trust Credit Card has a variable APR of 14.99% – 24.99%. This is a relatively low interest rate compared to other credit cards, but it is still important to be careful about carrying a balance on your card. If you are a student who is unable to pay your bill in full each month, you may want to consider a credit card with a lower interest rate.

Annual fee:

The Gold Royal Trust Credit Card has no annual fee. This is a good option for students who are on a budget.

Other features:

The Gold Royal Trust Credit Card offers fraud protection, travel benefits, and purchase protection. These features can be valuable for students, but they are also available on many other credit cards.

Overall, the Gold Royal Trust Credit Card is a good option for students who have good credit and are looking for a credit card with a rewards program, low-interest rate, and no annual fee. However, it is important to weigh the pros and cons before applying for any credit card.

Annual Income to get Gold Royal Trust Credit Card?

The minimum annual income required to qualify for the Gold Royal Trust Credit Card is not publicly disclosed. However, most credit card issuers require applicants to have a minimum annual income of at least $25,000 to $30,000. Applicants with higher incomes may have a better chance of being approved for the card and receiving a higher credit limit.

In addition to income, credit card issuers will also consider other factors when evaluating your application, such as your credit score, credit history, and debt-to-income ratio. Applicants with good or excellent credit and a low debt-to-income ratio are more likely to be approved for the Gold Royal Trust Credit Card.

If you are not sure if you meet the income requirements for the Gold Royal Trust Credit Card, you can pre-qualify on the Royal Bank of Canada website. This will give you an idea of your chances of approval without affecting your credit score.

 

Conclusion:

The Gold Royal Trust Credit Card is a good choice for people with good or excellent credit who are looking for a credit card with a generous rewards program, low-interest rate, and no annual fee.