A huge benefit to the RBC Avion Visa Platinum card is when you apply for the card, RBC will provide you with 15,000 points as a welcoming bonus which is worth approximately $350. That’s a great way to kick start your next vacation!
Cardholders continue to earn points when they make eligible travel purchases, which earn 1.25 points per dollar spent. Points can also be earned on all other purchases, but the rate is only one point per dollar spent. Other benefits of this card include travel insurance that covers you for things like trip cancellation, trip disruption, hotel or motel burglary and medical expenses; plus savings on gas at Petro Canada, shopping insurance, additional Petro Canada point earnings when cards are linked, ability to lock the credit card at any time and access to exclusive events.
Another notable benefit of this credit card is the flexible redemption policy with RBC travel points. The travel points can be redeemed through RBC Rewards bookings or can be transferred to other loyalty programs such as British Airways, WestJet, American Airlines or Cathay Pacfic Asia Miles. Before transferring your points, it’s wise to do some research to determine which provider you’ll get the most value out of. If travel isn’t your thing, points can also be used to purchase merchandise or pay down your RBC balance - but travel is the main attraction here!
While all of these benefits sound phenomenal, don’t forget about the $120 annual fee. Another disadvantage is the points to dollar ratio is average at best and there aren’t any opportunities to further your points earnings. Finally, RBC is one of Canada’s highly perceived banks, but they also have strict lending requirements making it challenging for some to access this credit card and its benefits.
Overall, the RBC Avion Visa Platinum has many benefits, especially for those who have caught the travel bug! Although, if you aren’t willing to spend a lot to earn the points you need for a vacation, this card might not be right for you.
Keep in mind that this card is a close cousin to one of RBC’s other credit card products, RBC Avion Visa Infinite. The only difference is there are no income requirements on the RBC Avion Visa Platinum card whereas the RBC Avion Visa Infinite does have minimum income requirements. If that piques your interest, check it out before registering for this card.