🎁 Access offers from over 2,000 top brands, plus get even more points and savings from our partners such as Petro Canada, Rexall and DoorDash

The RBC Visa Platinum Credit Card stands out primarily due to its zero annual fee, making it a cost-effective option for many consumers. This card offers a variety of features designed to enhance your purchasing power and provide added benefits for travel and everyday spending.

Key Specifications

• Annual Fee: $0
• Purchase Rate: 20.99%
• Cash Advance Rate: 22.99%
• Credit Limit: Up to $50,000

Benefits of the RBC Visa Platinum Credit Card

There’s a lot to appreciate about the RBC Visa Platinum Credit Card, especially if you value rewards and insurance coverage.

No Annual Fee

The most appealing feature is undoubtedly the absence of an annual fee. This makes it an attractive option for those who want to avoid unnecessary costs while still enjoying credit card perks.

Rewards Program

The RBC Visa Platinum Credit Card offers a rewards program that allows you to earn points on your purchases. Here’s how it works:

• RBC Offers: Get personalized offers for great brands before you shop, enabling you to earn bonus points faster.
• Fuel Savings: Link your card to Petro Canada for instant savings of 3 cents per liter and earn 20% more Petro points.
• Rexall Rewards: Earn 50 points for every dollar spent on eligible products at Rexall.

Travel Insurance and Emergency Assistance

This card also provides premium insurance coverage for travel, car rentals, and eligible purchases, including:

• Emergency travel assistance
• Travel accident insurance
• Coverage for lost or delayed luggage

Additional Features

More features include:

• Zero Dollar Delivery Fees: Enjoy a three-month complimentary DoorDash DashPass subscription, which offers $0 delivery fees on orders of $15 or more.
• Optional Add-Ons: You can choose from additional services like RBC Road Assist, balance protect max insurance, and identity theft protection.

Pros and Cons of the RBC Visa Platinum Credit Card

As with any financial product, it’s essential to weigh the pros and cons before making a decision.

Pros

• No annual fee, making it budget-friendly.
• Wide range of rewards and savings opportunities, particularly at gas stations and pharmacies.
• Comprehensive travel insurance and assistance services.
• High credit limit potential of up to $50,000.

Cons

• High purchase and cash advance rates that may not be ideal for everyone.
• Rewards may not be as competitive compared to other premium cards.
• Limited international travel perks compared to some other credit cards.

Pricing and Fees

While the RBC Visa Platinum Credit Card has no annual fee, it’s important to be aware of the interest rates associated with the card:

• Purchase Rate: 20.99%
• Cash Advance Rate: 22.99%

It’s advisable to pay off your balance in full each month to avoid these high-interest charges.

Comparisons with Other Cards

When comparing the RBC Visa Platinum Credit Card to other offerings, it’s important to consider what you value most. For example:

RBC Avion Visa Infinite Card

This card has a higher annual fee but offers more robust travel rewards and benefits, including better earning potential on travel-related purchases.

American Express Cobalt Card

Another strong competitor, the Cobalt Card offers exceptional rewards for dining and groceries, but does come with a higher annual fee.

Who Should Consider the RBC Visa Platinum Credit Card?

This card is particularly well-suited for individuals who:

• Want a basic credit card with no annual fee.
• Frequent local gas stations and pharmacies like Petro Canada and Rexall.
• Are looking for a credit card that offers good travel insurance and emergency assistance.