Partners on this page provide us earnings.
Quick overview
Quick overview of the RBC Visa Platinum Card
The RBC Visa Platinum stands out in the Canadian credit card market by offering a flexible financial tool, credit, and a wide range of features and perks, all without an annual fee.
Who can benefit?
Who can benefit from the RBC Visa Platinum credit card?
The RBC Visa Platinum is an ideal choice for individuals seeking straightforward credit without any unnecessary costs or complexities. This card prioritizes practical safeguards and exclusive benefits, making it perfect for those who prefer to steer clear of intricate rewards programs, bonuses, and associated conditions.
Pros and cons
Pros and cons
Pros
$0 annual fee
Discounts on fuel and extra Petro-Points
Premium vehicle and travel insurance
Exclusive discounts from top brands
Sizeable credit limit up to $50,000
Free additional card
See AlsoThe Best Times To DoorDash In 2024 [According To Drivers]Uber and Lyft drivers are seeing more trips that pay them $3 or less. They say it's another example of declining driver pay.Is GLG Consulting Legit? Pros, Cons & Unbiased ThoughtsUnderstanding inflation, the base rate, and GDP | FlagstoneEasy setup for exclusive offer notifications
Cons
Limited focus on perks and privileges
No extensive bonus programs
May not suit those seeking complex rewards systems
Limited emphasis on extravagant benefits
Welcome bonus
Welcome bonus with the RBC Visa Platinum Card
The RBC Visa Platinum Card currently does not provide a welcome bonus.
Key benefits
Key benefits of the Platinum Visa credit card from RBC
The RBC Platinum Visa isn't a head-turning rewards credit card. Still, the card provides a selection of benefits and protections that can give you peace of mind; and sometimes that's reward enough.
For starters, the card charges no annual fee. Many banks in Canada charge a nominal annual fee for even some of the most basic credit cards. Here, however, there are no yearly fees to worry about. Additionally, the card features credit limits of up to $50,000, higher limits than found with many cards from the other Big 5 banks.
Finally, RBC Visa Platinum cardholders receive premium vehicle insurance coverage from Aviva General Insurance and travel insurance from RBC. These insurance benefits can provide peace of mind for cardholders who travel often for work or pleasure.
Insurance coverage
RBC Platinum Visa insurance coverage
The RBC Visa Platinum credit card offers insurance coverage to protect cardholders.
- Extended warranty: Customers receive an additional year of coverage on eligible purchases.
- Purchase protection: Items are protected for 90 days from the date of purchase.
- Travel accident coverage: Up to $500,000 coverage in case of travel accidents.
- Rental card theft and damage coverage: Peace of mind when renting a car.
Extra benefits
Extra benefits of the RBC Visa Platinum Card
- Automatic savings on fuel at Petro-Canada: Link your RBC credit card and save $0.03 per litre on fuel⁴. Plus, earn 20% more points in both loyalty programs: 20% more Petro-Points and 20% more Avion points⁵.
- Rexall points: Cardholders can earn 50 Be Well Points for every $1 spent on eligible purchases at Rexall Pharmacies across Canada by linking their card to their Rexall account.
- DoorDash savings: Add your eligible RBC card to your DoorDash account and enjoy a 3-month complimentary DashPass subscription. With DashPass, you can benefit from unlimited deliveries with $0 delivery fees on orders of $15 or more when you pay using your eligible RBC credit card.
How does it compare?
Card Name
RBC Visa Platinum
RBC ION Visa
moi RBC Visa
Annual Fee
$0
$0
$0
Welcome Bonus
None
Get 3,500 Avion points on approval
Get 3,000 welcome Moi points upon first purchase
Rewards
None
Earn 1.5X Avion points for every $1 spent on groceries, rides, gas, streaming, subscriptions, digital gaming and more
Earn 2X the Moi points on dining, gas, EV charging3 and on qualifying purchases at participating Metro, Jean Coutu, Brunet and Première Moisson stores. Also earn 1 Moi point on every dollar spent at Super C.
Benefits
Credit limits of up to $50,000, premium insurance benefits
Purchase protection and extended warranty
Mobile device coverage up to $1,000
Is the card worth it?
Is the RBC Visa Platinum Card worth it?
When considering whether the RBC Visa Platinum Card is worth it, it's important to evaluate your individual needs and spending habits. While the card may not offer flashy rewards, its benefits and protections, such as extended warranty and purchase protection, can provide peace of mind. Additionally, the card's automatic savings on fuel at Petro-Canada and other perks like Rexall points and DoorDash savings can add value for certain cardholders. Ultimately, it's crucial to assess how these features align with your lifestyle and financial goals before making a decision.
Eligibility requirements
Eligibility requirements for the RBC Visa Platinum credit card
To be eligible for the RBC Visa Platinum Credit Card, you'll need to meet the following criteria:
- Minimum annual income of $60,000 (individual) or $100,000 (household)
- Excellent credit history and credit score
- Canadian resident with a valid Social Insurance Number (SIN)
Leora RaivichAuthor
Leora RaivichAuthor
Calgarian Leora Raivich loves sharing her insight on a variety of topics in finance, technology, fashion, lifestyle, transportation and a range of other industries. Inspired by brilliant authors like Mark Twain and Hemingway, you can find Leora writing blog posts, articles, social media, academic pieces and much more on a daily basis.
Cory Santos is a finance writer, editor and credit card expert with over seven years of experience in personal finance. Cory joined Wise Publishing from BestCards, with bylines in numerous print and digital publications across North America, including the Miami Herald, St. Louis Post-Dispatch, AOL, MSN and Medium as well as financial podcasts like KOFE Talk.
Compare other RBC credit cards
Compare other RBC credit cards
- Best RBC credit cards in Canada
- RBC Avion Visa Infinite review
- RBC ION+ Visa review
- WestJet RBC World Elite Mastercard review
Compare other no annual fee credit cards
Compare other no annual fee credit cards
- Best no fee credit cards in Canada
- Tangerine Money-Back Credit Card review
- CIBC Dividend® Visa Card
- MBNA True Line® Mastercard® review
Latest Articles
By Winston Sih07-06-2024
By Money.ca07-06-2024
By Barry Choi07-06-2024
By Romana King07-06-2024
By Money.ca07-06-2024
By Alicia Tyler06-06-2024
Disclaimer
The content provided on Money.ca is information to help usersbecomefinancially literate. It is neither tax nor legal advice,is not intended to be relied upon as a forecast, research or investment advice, and is not arecommendation, offer or solicitation to buy or sell anysecurities or to adopt any investment strategy. Tax, investment and all other decisions should be made,as appropriate, only with guidance from aqualified professional. We make no representation or warranty of any kind, either express or implied,with respect to the data provided, the timelinessthereof, the results to be obtained by the use thereof or any other matter.