The RBC Avion Visa Platinum credit card is especially for the traveler, who likes the concept of gaining credit tallies every time they make a purchase. This is a great card with a rewarding program, an impressive coverage on the travel and accident insurance and no restrictions on the choice of carrier.
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Here, you will discover more about the RBC Avion Visa Platinum, ranging from the annual fee, geographical credit limit, the advantages, and disadvantages, the qualification requirements for owning the credit card and how to apply for it.
Key information about the RBC Avion Visa Platinum
Several features are created by the RBC Avion Visa Platinum credit card to make your travelling and daily expenses much more entertaining. For the domestically traveling, and/or people with high spending habits, this card is a useful asset with a competitive rewards program, superior and extensive insurance coverage, and other perusing benefits.
How does the annual fee work?
The RBC Avion Visa Platinum has the following features; It has an annual fee of $120. This fee is yearly and it is meant to capture all the free items and services that tag along with the card. The additional cards for the authorized users are provided on request at the cost of $50 per card. Alas, there are no provisions for waivers contingent on spending or activity in the account; however, the privileges incorporation in the card frequently offsets the annual expense.
How is the credit limit determined?
The credit limit applicable to the RBC Avion Visa Platinum depends on your credit, income, and credit relationship with the bank among other things. As for regular credit cards as, for instance, this one, the credit limit is determined based on the ability of the applicant to repay the money, which is estimated by the issuing bank.
Credit card benefits
- Generous rewards program: Earn 1 Avion point for every dollar spent on qualifying purchases, plus bonus points at selected retailers.
- Flexible travel options: Redeem points for flights on any airline, any flight, any time, without blackout periods or seat restrictions.
- Comprehensive travel insurance: Includes trip cancellation and interruption insurance, coverage for eligible purchases, and protection for belongings in your hotel.
- Instant fuel savings at Petro-Canada: Save 3¢ per liter on fuel and earn 20% more Petro-Points and Avion points.
- Exclusive perks: Access to special offers and discounts available only to RBC Avion Visa cardholders.
- Optional add-on services: Additional services like Travel Insurance, RBC Road Assist, BalanceProtector Max Insurance, and Identity Theft & Credit Protection.
Generous rewards program
Another important attribute of the RBC Avion Visa Platinum is the program of bonuses that is probably the most liberal one among the credit cards offered by this company. For every dollar spent on qualifying purchases, cardholders earn one Avion point; therefore, the point accumulation is relatively fast. These points can be redeemed for flights, as from 7,500 Points for the one-way flight.
The freedom to not having to stick to one airline and to select any flight without any limitation is one of the key benefit particularly for frequent travelers. On the same note, getting extra points in the usage of the earned points when purchasing products from retail shops of the promoters makes the benefits more tangible.
Disadvantages
- Annual fee: The card has an annual fee of $120, which might be a barrier for some users.
- High interest rates: The purchase interest rate is 20.99% and the cash advance rate is 22.99%, which can be costly if you carry a balance.
- No fee waivers: There are no options for fee waivers based on spending or account activity, which might be a disadvantage for those looking to reduce costs.
High purchase and cash advance rates
This product, RBC Avion Visa Platinum, is unpopular for one thing; high interest rates is the one reason I dislike this product so much. With the purchase rate estimated to be at 20. 99 percent and a cash advance rate of 22:00.
Carrying a balance on this card is therefore expensive given that the interest charges stand at a whooping 99% of the outstanding balance. These rates are percent than some other credit cards which can serve as a discouragement to those who do not clear their balances in full monthly.
Who can apply for this card?
Here are the main requirements that the applicants need to fulfill in order to apply for RBC Avion Visa Platinum card. First of all, accepted applicants must be eighteen years old and must be the resident of Canada. Basic credit history is imperative, meaning no history of bad credits, which reflects a client’s financial credibility and solvency.
A stable income is required but the company does not declare the minimum income that is necessary to apply for the card. This card cannot be issued to people with a weak credit rating because RBC evaluates the credit worth of the applicant. Showering the creditor with documents like proof of income among others can also improve on the approval chances besides having a steady source of income.
How to apply for the RBC Avion Visa Platinum
By visiting the Website
To apply for the RBC Avion Visa Platinum card, started by opening the official website of RBC Royal Bank and moving to the credit cards options. The RBC Avion Visa Platinum card can be searched using the search tool or it could be accessed directly from the list of cards offered. Make sure to go through the card specifications, features, and agreement to make sure that they suit your requirements.
When you are prepared click on the “Apply Now” button to channel to the secure online Application form. First of all, we will have to give the personal data like name, date of birth, phone number, etc. , and in the further steps, fill the financial data like the employment status and the amount of income per year.
The applicant is required to truthfully and comprehensively fill the application so that there are no hitches during the application process and so that he or she can be given a deserving credit rating. The form should be filled out and all the details on the form must be checked before submitting your application.
RBC will work on your application, normally, you will receive the outcome within sixty seconds. If any further information is required or if your application is referred for further consideration, it will be communicated to you by RBC on the measures to follow.
You will be redirected to another website.
