RBC Visa Platinum Card Review 2024 (2024)

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

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?

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 SantosFinance editor

Cory SantosFinance editor

Cory Santos is a finance writer, editor and credit card expert with over seven years of experience in personal finance. Formerly an Ontario resident, Cory currently calls sunny South Florida home, helping snowbirds find their ideal credit cards and financial products. 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, Medium and more. When he isn't scouring for the latest credit card deals and offers, Cory can be found working on his various historical research projects, jogging, or hanging out with his cats, Bentley and Cougar.