text: &lt;Royal Bank of Canada> said it would lower its Visa credit card interest rate to 15.9 pct from 18.6 pct effective with the May billing statement. The bank said it would retain the credit card user fee of 12 dlrs yearly or 15 cts a transaction. Its move came one day after &lt;Canadian Imperial Bank of Commerce> lowered its credit card interest rate to the same level. The Canadian government last month threatened to legislate lower credit card rates if financial institutions did not voluntarily do so. &lt;Toronto Dominion Bank> lowered its rate to 15.9 pct before the government warning. Reuter
target: ROYAL BANK CANADA LOWERS CREDIT CARD RATE